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July 2015 Best Forex Brokers: Setting Pace of the Race

4 August 2015

Forex-Ratings.com is a forex and binary options knowledge base tracking its history from 2006. It is addressed to currency traders, financial consultants, analysts, and writers. Our community consists of those who are willing to share their fx expertise and to make currency trading more beneficial, comprehensible and transparent.

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Our site visitors continuously comment on the performance of the forex brokers operating on the forex market, and this first-hand information is available to the site visitors at one spot.

Additionally to the advantages mentioned above, the registered site visitors can cast up to five votes in 24 hours in favor of or against any five brokers from the main page rating. Traders can also communicate with each other on the site via the ‘Comments’ instrument. This is specifically important for those who are making their first steps in forex trading and want to decide which broker to trade with.

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This review deals with July 2015 voting results and highlights the midsummer Top10. In July the Top10 listing has been 40% renewed compared to the previous voting month of June. Let’s give a warm welcome to the Top10 newcomers: HotForex (5th place), DMM FX Australia (6th place), NordFX (8th place) and LiteForex (10th place).

July Top10 listing has been left by the following brokers: RoboForex, FXCM, EXNESS, and AMarkets. We wish all of them good luck and hope to see on the high positions again in the nearest months!

Top 10 Forex Brokers in July 2015:

  1. FxPro
  2. FOREX.com
  3. FIBO Group
  4. Fort Financial Services
  5. HotForex (new)
  6. DMM FX Australia (new)
  7. FXCM
  8. NordFX (new)
  9. HY Markets
  10. LiteForex  (new)

The leader of the July Top10 is FxPro, an exemplary forex company with years of steady work on the market. FxPro has been established in 2006 and has its headquarters in Cyprus. FxPro traditionally features attractive spreads and price feed, which makes futures’ trading with this broker very comfortable.

Trading assets and instruments offered at FxPro are multiple. FxPro vault system provides prompt cash operations. Hedging and scalping are allowed at FxPro.FxPro ECN accounts start from $1,000.

Trading platforms offered by the broker include FxPro MetaTrader4, ECN FxPro cTrader, FxPro Multiterminal, FxPro Mobile Platforms. Along with currency trading FxPro provides trading with Equities, Spot Metals, Commodity Futures, Index Futures and Energy Futures.

In July FxPro has published its execution and slippage statistics for Q2 2015. The publication of the following trading metrics constitutes part of FxPro’s ongoing effort to be forthcoming about its operations and standards of service, in a bid to encourage fair trading practices throughout the FX industry.

FxPro’s slippage statistics for the months of April, May and June, 2015:

    Positive = 44.9%
    At Quote = 34.4%
    Negative = 20.7%

Together with its slippage statistics, FxPro is announcing its quarterly re-quote percentages:

    Re-quotes = 5.3%
    Positive = 2.4%
    Negative = 2.9%

In July FxPro has also informed the clients of the changes regarding the futures and shares contracts.

- Required margin for futures contracts other than energy futures is now 2%
- Required margin for energy futures (US Oil, UK Oil and Natural Gas) is now 0.5%
- Required margin for shares is now 10%
- All futures and shares are commission free.

FxPro operates as a Hybrid Agency Model broker, enabling clients to access top-tier liquidity and benefit from its No Dealing Desk intervention policy and Negative Balance Protection guarantee. A trusted broker known for providing clients with innovative solutions and ongoing support, FxPro also owes its reputation for being a most reliable firm to the superior order-matching and execution technologies it offers.

The ‘silver’ finisher of July is FOREX.com . This company is one of the veterans of the industry having been established in 2001. During years of operation FOREX.com has acquired a reputation of one of the leaders in currency trading and CFD trading. FOREX.com offers a variety of trading platforms to meet the needs of different kinds of traders.

The FOREX.com parent company, GAIN Capital Holdings, is listed on the New York Stock Exchange. Correspondingly, FOREX.com sticks to the top standards of corporate governance and financial reporting.

The strong points of this broker are: first-rate trading tools; competitive pricing and tight spreads; transparent and reliable trading execution. FOREX.com team has spent more than ten years investing in informational technologies and elaborating a liquidity network of trading partners, therefore the broker is able to consistently quote tight spreads in any market situation.

FOREX.com is famous for its various educational programs addressed to novice FX traders. The company hosts webinars and video tutorials, its clients receive personal support from the team of professional fx traders.

FIBO Group (Financial Intermarket Brokerage Online Group), the July bronze winner, is one of the oldest players in marginal Internet trading having been established in 1998. The key principles of operational work of this broker are transparency, protection of the customers’ interests and strict compliance to the applicable laws and orders issued by the national regulators. All the services offered by the FIBO Group holding meet the international standards and all the applicable regulatory norms.

The fourth step of July ladder belongs to Fort Financial Services. This broker tracks its operational history from 2010 and has clients in more than 30 countries worldwide. FFS is a licensed international fx broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize.

FFS offers a wide range of tradable contracts available among top 50 brokers of the world. Hundreds of contracts to choose from include over 150 currency pairs to trade on forex, binary options, CFD contracts (oil, gas, commodities, precious metals, stock indices, ETF contracts, currency futures and many more).

The trading opportunities offered by FFS are specifically adapted to MetaTrader4, the world’s most reliable and popular trading platform. The company also features NinjaTrader, a multifunctional trading platform dealing with different markets and trading instruments: forex, futures and stocks. For traders seeking a more advanced level of trading FFS offers a CQG platform thus providing a direct market access to more than 40 world top exchanges through a global network of united exchange gateways and servers.

The 5th position of the July voting belongs to HotForex. This Mauritius-based company is an online currency and commodities trading provider and investment company. The broker features such trading platforms as HotForex MT4 Terminal, Hot Webtrader, Hot iPhone & Smartphone Trader, Hot Android and HotForex PAMM system. Trading accounts at HotForex start from as little as $5 with high leverage reaching up to 500:1.

In July the renovated HotForex Traders’ Board has gone live on the broker’s website. The renovation has made the Traders’ Board more user-friendly and informative. From now on, clients are able to identify overnight and five-day percentage changes in major currencies.

Additionally, the Traders’ Board data is updated every 60 seconds; it shows aggregated client positioning, this helping the clients gauge trading sentiment; it displays volume traded by clients on a per symbol basis, showing the most popular trading assets; it features breaking news live feed, keeping the clients abreast of market changes that can affect the trades.

The 6th step of the July ladder has been occupied by the Forex-Ratings.com newcomer, DMM FX Australia.

This broker provides a reliable, interactive, and client-friendly environment for trading. Their order execution and superior customer service are what sets them apart from other brokers.

DMM FX clients have access to the large network of liquidity providers (which include global banks, financial institutions, and other market makers). This means DMM FX has the most competitive and extremely low fixed spreads, and the execution is truly fast.

Additionally, DMM FX clients have the advantage of mobile trading, one-click execution, and trading from real-time charts on multiple platforms: MetaTrader4 for PC, MetaTrader4 for Mac, trading platform on Android/iOS mobiles and tablets.

In July DMM has introduced its own binary options trading platform and website,  FX DMM Option. DMM FX clients who sign up for a DMM Option account can take advantage of the No Deposit Bonus promotion and receive 20 free credits to trade with.

DMM FX Australia has recently been named as the winner for the Most Innovative Broker. This industry accolade is the result of site visitor surveys, over 12 months, on forex broker and trading platform experience. The Most Innovative Broker category is awarded to ‘brokers who stand above the competition, with new features, added resources and extended offering.’ DMM FX is proud to be the winning recipient in this esteemed category.

FXCM (Forex Capital Markets), 7th place in July, is a major liquidity provider and a market maker. The broker demonstrates consistent and steady performance and continuously remains one of the frequenters of the Forex-Ratings.com Top10 participants. FXCM has licenses from regulators registered in the US, UK, a number of European countries, Hong Kong, and Australia.

The key offer by FXCM is NDD forex trading. FXCM features a variety of platforms to meet demands of various kinds of traders. The range of offered platforms includes the world’s most popular MetaTrader4 along with FXCM Active Trader, FXCM Trading Station Desktop, FXCM Trading Station Web, FXCM Trading Station Mobile, and Mirror Trader. On any of the platforms clients have permanent access to financial news, market overviews, and technical analysis.

The broker offers competitive spreads on major currency pairs. FXCM traders can trade from real-time charts, execute trades in one click, and also trade on FXCM mobile version. Forex Capital Markets Limited U.K., which is a subsidiary of FXCM, also offers CFD products with no re-quote trading, plus it allows clients to trade oil, gold, silver and stock indices along with forex, all on one platform.

In July FXCM has published key customer trading figures for June 2015 for its retail and institutional foreign exchange business.

Retail customer trading volume amounted to $363 billion in June 2015, 10% higher than May 2015 and 43% higher than June 2014. Volume from indirect sources was 42% of total retail volume (2) in the second quarter 2015. Retail customer trading volume (2) for the second quarter 2015 was $1 trillion, 7% higher than the first quarter 2015, and 40% higher than the second quarter 2014.

Institutional customer trading volume amounted to $227 billion in June 2015, 10% higher than May 2015 and 0.4% higher than June 2014.

NordFX, July’s 8th place finisher, is a company headquartered in India and featuring a broad range of forex services along with global trading standards. Trading conditions offered by NordFX are flexible and include "Micro" accounts starting from $5, tight fixed (from 2 pips) and variable spreads (from 0 pips) on different types of accounts.

NordFX provides  its customers with MetaTrader4 and MetaTrader5 trading platforms, also customized for iOS and Android mobile devices. Along with this, there are Integral NFX Trades and ZuluTrader at the service of the company’s clients. Therefore, NordFX traders have access to all advanced trading software allowing to comfortably open and close orders from anywhere in the world. In addition, NordFX makes Signals MQL5, yet another automatic trading facility

The broker allows traders to use expert advisors and any trading strategies including news trading and scalping. NordFX client support deserves a special notice being available in ten languages, including English, Arabic, Chinese, Portuguese, Russian, and Spanish.

HY Markets, 9th place in July, is a trading name of Henyep Capital Markets UK Ltd. The company belongs to a global conglomerate working in currency trading and financial services, property, education, etc. in over 20 countries across the globe. HY Group is registered and authorized in UK, Hong Kong, United Arab Emirates, and other business jurisdictions of prime importance.

The broker’s trading platforms include MetaTrader4 as well as Webtrader and HYRPO. Trading accounts at HY Markets start from $50 with leverage reaching up to 400:1 and tight spreads on major currency crosses ranging from 0.5 to 2 pips. The spread can be both fixed and variable. HY Markets clients can use automatic trading too. Expert advisors and such trading strategy as hedging are also available.

HY Markets offers a variety of trading instruments: currency trading as well as trading energies (oil/gas), metals, commodities, equities, stocks, indices and many more. It is possible to apply any of the offered trading tools from the same trading account. The broker also features demo accounts for novice traders.

LiteForex is the broker closing Forex Ratings ‘best ten’ of July. This international brokerage company is among the leaders of online currency trading.  Trading with LiteForex is convenient for all categories of clients: the broker offers multi and swap-free accounts available at all 6 types of accounts: LITE, REAL, PAMM, NDD, STP, SGD. This variety ensures efficient trading regardless of the level of experience.  Minimum deposit is $1; leverage is up to 1000, depending on the account type.

In July LiteForex has celebrated 10 years of operational activity. Congratulations to LiteForex on its steady and reliable work and comfortable services!

These were July 2015 voting results. Next month it may turn out that the Top list looks much different. Participants of our voting community will decide which fx brokers currently deserve to be in the top of the rating, and which still have much to improve in their performance. Every vote matters, because each and every vote contributes to the overall monthly result.

Our system ensures transparency of the voting process. At any given moment the brokers occupy their rating positions by right, as this is supported by the number of factual votes cast for/against the brokers.

Every 1st day of the month the previous Forex-Ratings.com voting results are brought down to zero. Therefore, the new month’s voting marathon starts anew. Every listed broker has a chance to get to the top: equal rights and opportunities are given to all.

Forex-Ratings.com listing aims at helping forex traders in choosing the right forex company to trade with. In fact, voting results generated by the Forex-Ratings.com community exert influence on the future traders’ activities on the forex market and shape positive or negative image of forex brokers. All estimates are taken into account and stored in the Forex-Ratings.com database.

Whenever you wish your own opinion to be heard by one of the most important online global forex communities, register at Forex-Ratings.com and start sharing your forex trading experience with fellow traders today!


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