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In this review we are naming the best rated forex brokers of October 2015 as per our site’s monthly voting summary. The previous month’s results have been 10% renewed, as one of the September high rankers, HY Markets, has left the ‘best ten’ list, and was replaced by another high-flying rally participant, XM.com (10th place).
Congratulations to FxPro, the ‘gold’ winner of the mid-autumn lap! This forex broker has been among the leaders of the race for a number of months in a row now.
FxPro is a Cyprus-registered forex broker tracing its history from 2006. The company has a hard-earned good reputation due to its efficient performance and attractive trading conditions.
Currently FxPro has representative offices and sales centers in United Kingdom, France, Spain and Russia. The range of trading assets and instruments offered by FxPro includes Forex, Equities, Commodity Futures, Index Futures, Energy Futures and Spot Metals.
FxPro features several trading platforms. The most popular platforms were reworked by the broker’s team to become even more convenient and user-friendly. The array of platforms available with FxPro includes: FxPro MetaTrader4, FxPro cTrader, ECN FxPro cTrader, FxPro MultiTerminal, FxPro WebTrader, and FxPro Mobile Platforms. FxPro offers ECN accounts starting from $1,000. The broker allows using such trading strategies as scalping and hedging.
In October FxPro has announced that its spreads on major pairs have been reduced.
EURUSD & USDJPY from 0.6 pips
GBPUSD from 0.9 pips
EURGBPfrom 0.6 pips
AUDUSDfrom 0.7 pips
By the end of October FxPro has published Q3 2015 execution statistics. This decision was made in an effort to increase transparency in the forex market and encourage more industry participants to do the same about their operations. FxPro’s slippage and execution percentages for the months of July, August and September, 2015, are as follows: -
FxPro’s Q3 2015 slippage statistics:
Positive = 43.4%
At Quote = 39.6%
Negative = 17.0%
FxPro’s Q3 2015 re-quote percentages:
Re-quotes = 4.5%
Positive = 2.8%
Negative = 1.7%
Even though there was increased market volatility during Q3 2015, the broker has managed to register quite encouraging figures that reveal slippage symmetry and testify to FxPro’s order-matching technologies and elaborate execution.
The ‘silver’ award of October 2015 goes to NordFX, an all-in-one provider of forex services on the global financial markets.
NordFX was launched in 2008, the head office of the company is located in Port Louis, Mauritius. The broker is incorporated under the laws of Mauritius and is regulated by FSC (Mauritius), IFSC (Belize) and SEBI (India). The broker’s representative offices are also located in the Russian Federation and India.
NordFX offers a wide choice of forex services to its clients worldwide. At NordFX the funds can be conveniently deposited anytime via online payment systems. There are eight types of accounts suitable for traders of all levels of professionalism. Order execution at NordFX is under 0.5 seconds; variable spreads from 0 pips on main currency pairs allow to significantly diminish costs and increase customers’ profits.
NordFX offers flexible trading conditions, including "Micro" accounts starting from $5, tight fixed (from 2 pips) spreads and variable spreads (from 0 pips), depending on the account type. The broker allows traders to use expert advisors and such trading strategies as news trading or scalping.
Along with trading currency pairs the broker offers trading metals (gold and silver) and binary options. NordFX offers customer support in ten languages.
In October NordFX has introduced SuperTrader TV, a new element of the Trader’s Office.
Using this plugin NordFX clients hear and see a lot of relevant information that might help successful forex and binary options trading.
SuperTrader TV users have the following at their disposal:
Live TV on current market actions
Basic economic information
Top 5 trading tips and daily news
Tactics and analysis, an economic calendar
Educational materials for all levels
Descriptions of various trading assets
The ‘bronze’ finisher of the October 2015 Forex Ratings race is FIBO Group, a company that maintains its excellent positions in the Top10 for several months in a row.
Financial Intermarket Brokerage Online Group has been established in 1998 and hence it is one of the oldest players in marginal online trading. The key principles of the company’s operational work are transparency, protection of the clients’ 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 October 2015 FIBO Group has announced changes in the company’s affiliate programs coming into effect since the first day of November. According to the new regulations, affiliates can now double their agent’s commissions on transactions that their clients generate on the MT4 NDD accounts.
OctaFX, the 4th place finisher of the October 2015 race, is a broker providing forex brokerage services to its clients in more than 100 countries across the globe. OctaFX follows the highest industry 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 acknowledges its clients with the the latest technologies and know-hows to ensure comfortable and secure trading. OctaFX’ strong points are fast execution, low spreads and true ECN offset.
In October OctaFX has welcomed a new Supercharge promotion round finalist, Mr. Selim Shikder from Bangladesh. And the final is approaching, only 7 rounds are left. The winner is to receive the superprize, Tesla Model S.
FXCM, the company having finished the October 2015 race on the 5th position, 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, Hong Kong, a number of European countries, and Australia.
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.
The core offer by FXCM is NDD forex trading. FXCM offers a variety of platforms to meet demands of various kinds of traders, including world’s 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, technical analysis and market overviews.
Fort Financial Services is a 6th place finisher in October 2015. The company is a licensed international forex broker operating under a license IFSC/60/256/TS/14 issued by International Financial Services Commission of Belize. The broker tracks its operational history from 2010 and has clients in more than 30 countries across the globe.
The trading opportunities offered by Fort Financial Services 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, stocks and futures.
Generally, 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 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).
For traders seeking a more advanced level of trading Fort Financial Services 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.
In October Fort Financial Services has published the achievements of its clients for the previous month of September. The No.1 winner, a trader from Hong Kong, in September has earned $76,350.
Besides, in October Fort Financial Services has announced final results of its "Ride a Wave" promotion. The draw was held with the help of the random number generation software and the 5 winners have doubled their reward amount received during the promo.
EXNESS, 7th place in October 2015, is a company offering forex trading since 2008 and is one of the industry leaders.
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. EXNESS clients are allowed to use automated trading and hedging.
Since January 1st, 2015, EXNESS is an official partner of the Infiniti Red Bull Racing Formula 1 team. The partnership is supposed to continue throughout the entire year. The broker states that this pioneering initiative is unique in attracting new clients and establishing new business contacts around the globe.
In October EXNESS has announced a launch of a separate website for EXNESS (CY) LTD (www.exness.eu). The new website is already active and is used for sharing information about the company's trading conditions, opening accounts, and for EXNESS (CY) LTD's clients' access to their Personal Area. EXNESS (CY) LTD's website was launched to comply with changes to CySEC regulations. The company has been licensed by CySEC since 2012.
As for EXNESS LIMITED (VC)'s clients, they can continue to use www.exness.com.
RoboForex, a New Zealand based broker, has finished the October 2015 race on the 8th position, having climbed down from its September runner-up position.
The broker offers a number of fx trading accounts 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.
Within the framework of its Asia Pacific region activities, in October 2015 RoboForex has announced the launch of the Thai version of CopyFX and ContestFX projects. The new language version is supposed to help a lot of traders to learn about opportunities offered by each project in their own language and use them to earn additional income.
Among the most prominent promotional activities of this broker in October was its "RoboForex Malaysia Tour 2015". As a part of the tour program, several free-of-charge seminars for traders and partners were held in five Malaysian cities and were attended by about 500 visitors.
"RoboForex Malaysia Tour 2015" was the first event of such level delivered by RoboForex. The main result of the tour is the increased level of Asian traders’ and investors’ loyalty.
HotForex, 9th place of the October 2015 rating, is one of the frequenters of Forex-Ratings.com charts. The broker is a world famous investment company and trading provider. The company was founded in 2007 and is headquartered in Mauritius. Correspondingly, the broker’s activities are regulated by the Financial Services Commission of the Republic of Mauritius (FSC).
HotForex deals with investment companies and fund managers as well as with private traders offering services in trading currencies and commodities. The highly professional HotForex support service is available worldwide 24/5.
The broker guarantees its customers access to interbank spreads and liquidity through the most modern automated trading platforms and trading technologies. The platforms available at HotForex include HotForex MT4 Terminal, HotForex PAMM system, Hot Webtrader, Hot iPhone & Smartphone Trader, and Hot Android.
The company closing the October 2015 voting list is XM.com. XM is a European Licensed Financial Institution offering trading in Forex, CFD’s and Futures through the MT4 Platform.
XM.com is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments Ltd (Cyprus) and Trading Point of Financial Instruments Pty Ltd. (Australia)
The broker’s clients benefit from direct access to the financial markets in over 100 financial instruments including forex, equity indices, precious metals, and energies, with transparent real-time pricing, lowest spreads, and flexible leverage.
On the 3rd of October, 2015, XM.com has hosted a free seminar on Price Action at Marriott Hotel in Warwaw, Poland. This seminar was yet another opportunity for all those who participated to learn how to interpret and react to price changes, how to manage both opening and closing positions, and most importantly, how to apply these techniques in their regular trading practices.
The first part of the seminar day enabled attendees to join an interesting discussion on price action in order to gain a full understanding of the topic. Following this, in the second part of the day, XM clients received a detailed presentation, which allowed much space for attendees to interact with the seminar presenters and discuss openly about trading related questions.
On 16th and 17th October 2015, XM attended the 8th Saudi Money Expo, organized at the Movenpick Hotel, Al Khobar, Saudi Arabia, where clients and visitors had the opportunity to liaise with the XM team present on the event. XM was amongst many brokers to showcase company products and services, which allowed visitors to gain an insight into the best of what XM has to offer. Free courses taught by professional traders and analysts were also available for attendees, which added much value to their educational experience.
On 19th and 21st October 2015 XM hosted yet another two successful forex seminars in the Kingdom of Saudi Arabia.
The free forex education of XM is continuously ongoing, spanning the globe from Europe to the Arabian Peninsula. This time the event organizers chose the cities of Al Riyadh, on 19th October, and Al Khobar, on 21st, as seminar venues in Saudi Arabia, welcoming all those interested to join two days of professional education on swing trading.
Both free seminars attracted numerous traders from the region, to whom the seminar speakers demonstrated the use of charts, elaborated on the topic of market trending and Fibonacci, as well as on risk management techniques applicable on several trading instruments. Each seminar was highly interactive, involving attendees’ active participation in the topics presented.
Besides, in October XM has announced it is to be hosting an evening of gourmet dining, entertainment and fun in a luxury 5-star hotel in Thailand on 28th November, where clients will enjoy the chance to win many prizes. The upcoming grand-scale event will take place in the luxurious Shangri-La Bangkok Hotel.
Top 10 Forex Brokers in October 2015:
- NordFX ↑
- FIBO Group
- OctaFX ↑
- Fort Financial Services
- EXNESS ↑
- RoboForex ↓
- XM.com (new)
Such are the results of the October 2015 competition on Forex-Ratings.com. However, next month the Top10 list may look significantly different! Every first day of the new month all the rating results are reset and the rally of the new month starts from zero point.
Due to the statistical data that you can find on Forex-Ratings.com you always know who were on the leading positions in the previous months. In any case, every new month former top leaders have to prove their leadership. All the rating participants take part in the rally on equal terms, regardless if these forex companies have years of operational work on the currency exchange market or have been launched just recently.
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