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August 2015 Best Forex Brokers: Outguess Them If You Can

10 September 2015

Forex-Ratings.com is an information database and evaluation platform that has been introduced to the forex trading community as long ago as in 2006. During ongoing years of work our team has collected an enormous data array. We strongly recommend taking these findings into consideration when looking for an appropriate forex broker.

At Forex-Ratings.com you can always find detailed and unbiased data related to the details of performance of different forex and binary options brokers, which means not only key companies, but also industry newcomers. With us you know at any time the companies that offer competitive pricing, best trading conditions and have a decent client support service. At any moment of time we have an adequate answer on which forex companies are currently in the lead on the forex market, and which have slipped down. Day-by-day monitoring of the global financial markets and their trends is a principle that we constantly stick to.

We see our mission in making forex industry more transparent and all-round, and we do this work on a daily basis.

Forex-Ratings.com provides a detailed view of the companies’ benefits as well as weak points. With all the up-to-date information provided on our site even new forex traders can easily realize which forex brokers take top positions today. Adhering to the objectivity principles we give word both to the brokers’ supporters and to their fierce critics, so that various operational issues and small details are brought to the limelight. As this information is available in the open access, new forex or binary brokers’ clients can refer to it when opening their accounts in awareness of potential implications, such as, for example, extra finds’ withdrawal or slippage. Brokers’ performance data available on Forex-Ratings.com proves that even the renowned market leaders may have punch items; on the other hand, assertive novice companies may well provide topnotch services regardless of certain inconsistency in their daily operations.

The present review deals with the top positioned forex companies as of August 2015. The Top list is presented in a combination and consequence defined by the Forex-Ratings.com voting community.

Compared to July 2015, August Top10 has been 30% renewed. Forex-Ratings.com Top frequenters, namely: HotForex, DMM FX Australia and LiteForex, - have lost their coveted top positions and were replaced by OctaFX (5th place), RoboForex (8th place) and EXNESS (9th place).

Congratulations to the August Top leader, FxPro! This broker undoubtedly belongs to the range of the most steady and reliable performers on the forex market. As usual, FxPro offers an unrivaled selection of instruments and trading assets. Trading options offered by FxPro include equities, spot metals and futures of various kinds, such as commodity futures or spot futures.

Trading platforms available to FxPro traders include upgraded versions of MetaTrader4, MultiTerminal, ECN FxPro cTrader, WebTrader, Mobile Platforms cTrader, and more. The broker’s client support is for a number of years recognized as one of the best in the industry.

Along with this, there’s hardly a forex event in the global fx events’ calendar in which FxPro is missing: the broker often takes part in various forex expos and conferences. FxPro is a frequent winner of honorable titles for its outstanding achievements.

NordFX, the runner-up in August, is a company with its headquarters based in India. NordFX features a broad range of forex services and is known as one of trendsetters of the forex market.

NordFX offers MetaTrader4 and MetaTrader5 platforms, including versions customized for iOS and Android mobile devices. What is more, there are Integral NFX Trades and ZuluTrader available to the company’s clients. Thus, NordFX traders have access to all advanced trading software and are able to comfortably open and close orders from any spot across the globe. In addition, NordFX features Signals MQL5, yet another automatic trading facility.

Trading conditions at NordFX are flexible. Depending on the deposit amount, there are “Micro” accounts with a minimal deposit of $5; tight fixed spreads (from 2 pips) and variable spreads (from 0 pips).  NordFX traders can use expert advisors and any trading strategies, for example, scalping or news trading. NordFX client support is currently available in ten languages, including English, Spanish, Arabic, Chinese and Russian.

Any NordFX account holder, regardless of the deposit amount, has access to the full range of the latest trading products, technologies and competent support desk services.

NordFX trading experience has all chances for success due to a broad selection of trading platforms, instruments and accounts as well as signal copying and autotrading services. Moreover, NordFX has a binary trading division to attract yet another segment of online traders.

FIBO Group (Financial Intermarket Brokerage Online Group) is the bronze winner of the August rally. This company tracking its history from 1998 is one of the oldest players in marginal Internet trading.  In its operational work FIBO Group sticks to the principles of 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.

In August the broker has announced that the fees for holding positions overnight (swap) have been significantly decreased. Starting from the 10th of August, 2015 the traders’ costs are reduced by 30% on average, and for some instruments even by 50%.

FXCM, 4th place in August, is a company headquartered in New York. The company was established in 1999 and is by now known as one of the most reputable companies working on the global forex market.

FXCM is considered to be one of the key liquidity providers and market makers. It works with individual traders as well as institutional entities. FXCM offers not only currency trading, but also trading on stocks, metals and energy assets.

FXCM features an array of trading platforms, including, along with the world’s most popular MetaTrader4, such in-house products as Mirror Trader, FXCM Trading Station Desktop, FXCM Active Trader, FXCM Trading Station Web and FXCM Trading Station Mobile. All the FXCM platforms ensure constant access to the technical analysis, latest financial news and market reviews.

FXCM belongs to a limited range of leading fx brokerages offering services to the US clients. The broker is licensed in the US, UK, a number of European countries, Hong Kong and Australia.

OctaFX, 5th place finisher in August, is a broker providing forex brokerage services to its clients in more than 100 countries across the globe. OctaFX sets the highest service level standards and keeps on introducing new services and promotions on a regular basis. The offers available at OctaFX include ECN accounts and micro accounts. The broker brings its clients the latest technologies and know-hows to make trading experience comfortable and secure. OctaFX’ strong points are low spreads, fast execution and true ECN offset.

In summer 2015 OctaFX keeps on promoting the innovative cTrader platform. Demo contest winners receive significant money prizes of up to $150 in the each contest tour. Participation in the OctaFX cTrader Weekly demo contest allows trading for a week to decide whether cTrader is the right choice for the trader.

Within the framework of its diverse online and offline business activities in the Asia-Pacific region, in August the broker has launched the Thai version of the website.

HY Markets, 6th place in August, is an online division of Henyep Capital Markets, an investment company based in London. This broker operates since mid-1970s and is known as one of the most reliable industry operators. HY Markets complies with the standards of the key regulatory agencies: FCA, DFSA, SFC and MiFID.

Trading instruments offered by HY Markets include stocks, commodities, indices, equities, and so on. It takes just one real trading account at HY Markets to have access to all the instruments. Demo accounts are also available, along with automated trading and expert advisors.

Fort Financial Services has finished the August raced on the 7th position. The company operates since 2010 and has clients in more than 30 countries worldwide. Fort Financial Services is a licensed international financial broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize.

All the trading opportunities offered by the broker are specifically adapted to MetaTrader4, the world’s most popular and most reliable trading platform. Fort Financial Services also features NinjaTrader, a flexible and multifunctional trading platform dealing with different markets and trading instruments: forex, stocks and futures. For those who seek a more advanced level of trading the broker 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.

Fort Financial Services offers a wide range of tradable contracts available among top 50 brokers of the world. Hundreds of contracts to choose from include 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).

Since the 12 August 2015, in accordance with the agreement between Fort Financial Services and AS Expo Bank (Latvia) all deposits and withdrawals via bank transfers are free for Fort Financial Services clients.

RoboForex, 8th position in August, is a New Zealand based broker. The broker’s offers are addressed to all kinds of traders, from newbies to owners of professional ECN accounts. Trading terminals available at RoboForex include MetaTrader 4 and 5 and cTrader. A variety of the offered trading instruments helps RoboForex clients try various trading strategies. Along with this, the broker has its niche on the forex market as an active educator arranging various webinars on trading basics, price action patterns, forecasting, and much more.

In August the broker has announced that RoboForex (CY) Ltd clients have the opportunity to make bank transfers via Barclays Bank PLC. Barklays Bank PLC is trusted by more than 48 million people from 50 countries all over the world. Advantages of bank transfer via Barclays Bank are as follows:

clients’ funds are kept on segregated accounts separately from the Company’s funds;
it is possible to make deposits in USD, EUR, and GBP;
there are no limitations for the maximum amount of the transaction.

On the 26th of August RoboForex has announced that investors in CopyFX system, the project of RoboForex Financial Group, can now use a new copying mode, "Proportional". The main feature of this mode is the dynamic definition of the transaction volume copied to the Investor’s account based on the ratio between the funds on the Trader’s and the Investor’s accounts at the moment the transaction is performed. CopyFX system automatically defines the copied volume for each transaction.

EXNESS, the 9th place finisher in August, is a broker offering its services to corporate entities as well as to private traders. Since its launch in 2008 the broker is one of the leaders in global investment. At the same time, EXNESS continuously works on improving the quality of the rendered services.

Platforms offered at EXNESS are world’s most popular MetaTrader4 and MetaTrader5. There’s no minimum deposit standard, and leverage ranges from 2:1 up to 2000:1; pip spreads on major currency pairs start from 0.1 pips. Also available are ECN accounts starting from $1,000. Hedging and automated trading are allowed at EXNESS.

Since January 1st, 2015, EXNESS is an official partner of the Infiniti Red Bull Racing Formula 1 team. The partnership is to continue throughout the entire year. The broker contends that this pioneering initiative will do a lot to attract new clients and establish new business contacts around the globe.

In August EXNESS has announced that from now on its clients can use the Neteller electronic payment system to make deposits and withdrawals. Transfers using Neteller are distinguished by no commissions and instant withdrawal of funds to traders' electronic purses. The minimum deposit using this system is 10 USD, while the minimum withdrawal is 4 USD.

FOREX.com is a company closing Top10 of August. The broker established in 2001 is by now one of the leaders in currency trading and CFD trading. The company boasts with competitive pricing, tight spreads, first-rate trading tools, excellent performance and precise regulation.

Every stage of trading process at Forex.com is automated; therefore the trades are executed promptly and at a reasonable price. 99.9% of all deals at Forex.com are processed in less than a second with an average execution speed of 60 milliseconds.

The broker is famous for its diverse educational programs addressed to novice traders. In fact, any new Forex.com trader is offered a wide variety of trading courses and online webinars to choose from. Advanced sessions for experienced traders are also in place. The broker’s professional crew is ready to provide personal advisory assistance at any time.

Such are August 2015 voting results. However, as soon as the next month the configuration might undergo significant changes. Watch the caleidoscopic voting results! The winners’ chart is formed via summarizing results of voting cast by the registered Forex-Ratings.com site users. Each voter can support or vote against five forex brokers from the list within every 24 hours. Each and every new Forex-Ratings.com registered user, regardless of their level of trading experience, is welcome to become a part of our community. Each vote matters and each opinion adds to the panoramic view of the global currency trading.

Forex-Ratings.com community of traders and forex experts does a great job evaluating brokers and thus helping fellow traders decide in favor of a forex company that offers truly convenient trading terms and skillful client support service. We give word to every site visitor having a consistent opinion on any aspect of fx trading. Any forex trader can speak and be heard on Forex-Ratings.com.

At the same time we persistently work with brokerage firms advertising on Forex-Ratings.com. At any time our platform is open for the new fx brokerages: they are welcome to join the Forex-Ratings.com rating and thus to raise awareness of their activities in the forex industry. Forex-Ratings.com takes pride in its interactive platform, active and inquiring audience, and lots of promotional opportunities available to our advertisers aiming at attracting new clients.

Top 10 Forex Brokers in August:

  1. FxPro
  2. NordFX ↑
  3. FIBO Group
  4. FXCM ↑
  5. OctaFX (new)
  6. HY Markets ↑
  7. Fort Financial Services ↓
  8. RoboForex (new)
  9. EXNESS (new)
  10. FOREX.com ↓

On 1st day of a new month all the former voting results are automatically nullified. Why is that done? We at Forex-Ratings.com believe that this method ensures equal chances to all the rated brokers persistently climbing up the virtual listing ladder. As a matter of fact, a broker’s position in the listing may change dramatically even within a short period of time. However, it may also well happen that for some listed brokers the voting figures remain stable for a long period of time.

Every opinion matters on Forex-Ratings.com We invite you to join us and make your voice be heard by both forex industry tycoons and trading community fellow members!


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