Forex-Ratings.com is unique data hub providing actual information about forex market and top forex and binary brokers on a daily basis. The site has been launched in 2006 and since then it keeps on its continuous work of gathering and systemizing information about various aspects of forex trading and hottest offers of the forex market.
Our database system knows everything about the most attractive and sought-after forex brokerages. On Forex-Ratings.com you can at any moment find actual information on fx companies that are worthy to trade with. Our team takes pride in our up-to-date rating platform featuring handy and useful evaluation instruments. Our work standards are impartiality in evaluation of the brokers’ performance, and data transparency.
What is no less important, Forex-Ratings.com provides space for the sound critical comments and reviews of forex traders. On our platform traders have various opportunities of expressing themselves via voting and commenting, they can communicate with fellow traders and directly with forex brokers featured on the site. What is more, they can expect prompt and straight-to-the-point answers from the industry monsters.
Registered users of Forex-Ratings.com are offered a variety of options for evaluating forex brokers’ performance. Forex-Ratings.com registered site users can cast votes for/against the listed forex brokers on a regular basis. Every opinion expressed on the Forex-Ratings.com platform matters, as it may influence the position of any listing participant. In fact, the more activity is shown by our site visitors, the more transparent becomes the overall forex market landscape, and more convenient and trustworthy becomes currency trading in the eyes of an individual trader.
In this review we are naming the best rated forex brokers of March 2016 as per our site’s monthly voting summary. The previous month’s results have been 10% renewed, as one of the February toppers, EXNESS, has left the ‘best ten’ list, and was replaced by another Top10 frequenter, HY Markets (8th place).
Congratulations to FxPro, the ‘gold’ winner of the March race! This forex broker has been taking leading positions of the Forex-Ratings.com ‘Best of the Best’ list for a number of months in a row now.
FxPro is forex broker established in Cyprus in 2006. Currently FxPro has representative offices and sales centers in United Kingdom, France, Spain and Russia.
The company is famous for its efficient performance and attractive trading conditions.
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.
The range of trading assets and instruments offered by FxPro includes Forex, Equities, Spot Metals, Index Futures, Commodity Futures and Energy Futures.
In March the broker announced that FxPro Tools has become available as a browser extension for Safari and Opera. This extension features a variety of Forex tools that can be used while trading, including:
Real-time FX Quotes;
Economic Calendar, which shows all economic indicators due and information regarding their possible impact on the markets;
Daily FX & Market Insights and Analysis, so that traders can get an expert view of the market;
FX Calculators, so that traders can easily work out the required margin, pip value, swap, FxPro cTrader commissions and perform live currency conversions.
The ‘silver’ award of March 2016 goes to OctaFX, a broker providing forex brokerage services to its clients in more than 100 countries worldwide. OctaFX follows the highest industry standards and keeps on introducing new services and promotions on a regular basis. The broker acknowledges its clients with the latest technologies and know-hows to ensure comfortable and secure trading. The offers available at OctaFX include ECN accounts and micro accounts. OctaFX’ strong points are fast execution, low spreads and true ECN offset.
In March OctaFX has introduced its renewed ‘Education’ section of the site. Generally, it consists of the following three sub-sections:
1) FAQ or Frequently Asked Questions is a sub-section where all vital questions about trading are all sorted into groups.
2) Glossary containing all the essential terms necessary to practice online trading, all the items are sorted in alphabetical order to enhance usability.
3) Manuals describing two major trading platforms – MT4 and cTrader.
The ‘bronze’ finisher of the March 2016 Forex Ratings race is FIBO Group, a company that keeps high positions in the Top10 for several months in a row.
Financial Intermarket Brokerage Online Group has been established in 1998 and therefore 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.
FXCM, the 4th place finisher of the March 2016 race, 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 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.
Colmex is the company having finished the March 2016 race on the 5th position. ColmexPro is a trademark established in 2009 and since then it has become a global provider of forex, CFDs, commodities, shares and indices, along with the sophisticated trading technology. ColmexPro headquarters are located in Lymassol, Cyprus. The company is fully authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 123/10. Besides, ColmexPro is also registered with other competent authorities/ regulators as well as professional and governmental bodies, including: FCA – United Kingdom • BaFIN - Germany • CNMV - Spain • ACPR – France.
The current target markets for ColmexPro are the English, Russian and Spanish-speaking markets; to add to that, ColmexPro is about to expand into the Asian market very soon.
ColmexPro clients enjoy a number of benefits, including leverage of 12 times with the possibility of leverage increase; real-time live streaming quotes; advanced technical analysis tools, etc.
FOREX.com is a 6th place finisher in March 2016. 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.
NordFX, 7th place in March 2016, is 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.
On 11 March 2016, IAIR Awards held a ceremony in Hong Kong in honor of its winners for 2016. NordFX was recognized as Broker of the Year / Forex Trading India.
IAIR Awards’ motivation for selecting NordFX is – “For consistently meeting the strictest standards of financial stability and proper handling and security of client funds within a transparent, sincere and productive operating structure. Through the offer of the most popular financial instruments trading software, NordFX makes trading more comfortable, convenient and effective for all customers.”
HY Markets, a broker that has finished the March 2016 race on the 8th position, 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.
HotForex, 9th place of the March 2016 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 March 2016 voting list is Fort Financial Services. This 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.
Top 10 Forex Brokers in March 2016:
- OctaFX ↑
- FIBO Group
- FXCM ↑
- FOREX.com ↑
- NordFX ↓
- HY Markets (new)
- HotForex ↓
- Fort Financial Services ↓
Such are the results of the March 2016 competition on Forex-Ratings.com. In any case, within only a month the Top10 list may look significantly different! Every first day of a new month all the rating results are reset and the rally starts anew.
Every new month all the rating participants have to strive for leadership and to prove their right to be in the Top10. All the rating participants take part in the rally on equal terms, regardless if these fx brokers have years of operational work on the financial markets or have been launched just recently.
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