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June 2016 Best Forex Brokers: Stiff Fight on Its Height

7 July 2016

Forex-Ratings.com is a forex information source and assessment platform that has been launched in 2006. The platform features an enormous forex and binary database containing details of operational activity of the majority of forex and binary brokers currently working on the global financial markets. We contribute to improving all stages of the trading process to ensure the two-way permanent interaction between a broker and its clients, including private traders.

Forex-Ratings.com highlights the brokers’ advantages and weak points. With all the actual information constantly published on the site even new fx and binary traders can easily collect enough details to decide which brokers are optimal to trade with. We at all times adhere to the principles of transparency and objectivity, and thus we give word both to the brokers’ supporters and to their convinced critics. Open discussion helps bringing to the limelight the operational practices of the forex brokerages. All the opinions are available on the site to any visitor. It is undoubtedly important to foresee potential implications, such as slippage details or special terms of funds’ withdrawal, primary to opening an account with a forex or binary broker.

With the wisdom of years of operational work we at Forex-Ratings.com can confirm that any broker, including industry big names, needs to be examined properly. Right from the start it is important to have a clear picture in mind and to realize whether the offered trading conditions meet the trader’s needs. Interestingly, even brand-new forex or binary companies may be excellent to trade with: they may feature decent client policy and considerate business solutions. Information on various brokers accumulated on Forex-Ratings.com may be indispensable when making the choice of a brokerage company to trade with.

At Forex-Ratings.com traders can always find detailed and objective data about different forex and binary options brokers. This includes not only the industry giants, but also new companies offering currency trading services. On any day and at any time our site provides latest updates regarding the companies’ offers, trading terms and conditions, spreads, quality of client support, etc. Our rating in the real-time mode shows which forex and binary brokers are on top today due to their well-earned popularity among traders.

The present review deals with the top positioned forex companies as of the very beginning of 2016. Compared to May 2016, June Top10 has been 10% renewed. XM.com, the Forex-Ratings.com renowned top frequenter, has given its top membership to an assertive competitor, Fort Financial Services (9th position).

Let’s give a warm welcome to all the Top finishers and see which benefits they have demonstrated during the first summer month of 2016.

Congratulations to the June Top leader, FxPro! This broker belongs to the present-day range of the most reliable and consistent operators of the fx market. FxPro offers a broad selection of trading tools and assets. This variety includes equities, spot metals and futures of various types, such as commodity futures or spot futures.

Trading platforms available to FxPro clients include the latest versions of MetaTrader4, ECN FxPro cTrader, Mobile Platforms cTrader, MultiTerminal,WebTrader, and so on. The broker’s top-notch support service is known for years as one of the best in the forex industry.

To add to that, there’s hardly a forex event in the global fx events’ calendar in which FxPro is not listed: the broker frequently takes part in forex events and expos. FxPro is a regular winner of valuable titles for its business solutions.

FXCM, the runner-up in June, has improved its rating position, having climbed up from its May 2016 7th  place.

FXCM is a major liquidity provider and a market maker. The broker has licenses from regulators registered in the UK, a number of European countries, Hong Kong, Australia and the US.

FXCM demonstrates consistent and steady performance and for a long time remains one of the regulars of the Forex-Ratings.com ‘brilliant league’.

The principal offer by FXCM is NDD forex trading. The broker offers competitive spreads on major currency pairs. Its clients 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.

FXCM offers a variety of platforms to meet demands of various types 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 FXCM traders have permanent access to the financial news, market surveys and technical analysis.

FIBO Group (Financial Intermarket Brokerage Online Group) is the ‘bronze’ finisher of the June 2016 race. This company tracks its history from 1998 and is one of the veterans of the marginal Internet trading.  All the services offered by the FIBO Group holding meet the international standards and all the applicable regulatory norms.

FIBO Group constantly follows the principles of transparency, protection of their traders’ interests and strict compliance to the applicable laws and orders issued by the national regulators.

In June 2016 FIBO Group has introduced a new method for depositing funds into a trading account:  CashU payment system. This payment system has been operating since 2002 and is very popular in Middle Eastern and North African (MENA region) countries. The company has offices in Dubai and Amman. CashU's interface is available in Arabic, English, French and Turkish. It can be used to pay for a wide range of goods and services online, such as iTunes, Xbox, and now FIBO Group trading accounts.

Along with this, since June 2016 the FIBO Group clients can replenish their trading accounts via the Regular Pay billing system which is compatible with almost any plastic card, including Visa, MasterCard, AmEx, Diners Club, Discover, CartaSi, JCB, Carte Bleue, Cirrus, and China UnionPay.

FOREX.com, 4th place in June 2016, is a broker with a 15-years long operational history (established in 2001). It is rightfully considered to be one of the oldest forex brokers of the global level. The FOREX.com parent company, GAIN Capital Holdings, is listed on the New York Stock Exchange. Consequently, FOREX.com follows the model standards of corporate governance and of reporting its financial activities.

FOREX.com offers a variety of trading platforms to meet the needs of different kinds of traders. During years of operation FOREX.com has acquired leading positions in currency trading and CFD trading.

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

Besides, FOREX.com is particularly known for its diverse educational programs addressed to forex newbies. The company features regular webinars and video tutorials; its clients at any time can expect a personal and highly professional consultancy.

Colmex is the 5th place finisher in June. ColmexPro headquarters are located in Lymassol, Cyprus. 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.

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, such as UK’s FCA, and its peers in France (ACPR), Germany (BaFIN) and Spain (CNMV).

The current target markets for ColmexPro are the English, Spanish and Russian-speaking markets; along with this, 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.

In June 2016 Colmex has updated the Contract Specifications in order to include the new products available for trading in Colmex MT4 Platform. Besides, the company has revised the Terms and Conditions in order to include the definition and conditions applied to Micro Accounts on CFDs on Equities.

NordFX, 6th place, in June has shown somewhat decreased performance compared to the previous voting month of May which it has finished on a runner-up position.

NordFX is a broker operating worldwide; it is headquartered in India and is featuring a wide range of fx services along with the top international 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 clients with MetaTrader4 and MetaTrader5 trading platforms, which also have versions customized for iOS and Android mobile devices. Moreover, there are ZuluTrader and Integral NFX Trades at the service of the NordFX clients. Thus, the broker’s clients have access to the advanced trading software that allows them opening and closing orders from anywhere in the world. In addition, NordFX produces Signals MQL5, yet another automatic trading facility.

NordFX traders are able to use expert advisors and any of the trading strategies including news trading and scalping. NordFX client support is available in ten languages, including Arabic, Chinese, Russian and Spanish.

HY Markets  has finished the June race on the 7th position. The company 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.

In June 2016 HY Markets has published a press release introducing investing in all global capital markets from a single integrated account. The company provides its clients with access to multiple capital markets, thus allowing investors to develop a diverse portfolio from a single integrated account. Thus it becomes possible to diversify investments as well as benefit from the ability to trade multiple strategies.

 HY Markets has fast and direct automatic execution of all of its products benchmarked on the largest exchanges such as COMEX, NYMEX, and others.

HotForex, 8th position in June, is one of the most frequent participants of Forex-Ratings.com charts. The company was established in 2007 and is headquartered in Mauritius. Therefore, 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.

HotForex is an investment company and trading provider famous worldwide. The platforms available at HotForex include HotForex PAMM system, HotForex MT4 Terminal, Hot Webtrader, Hot iPhone & Smartphone Trader, and Hot Android. The broker guarantees its customers access to interbank spreads and liquidity through the most modern automated trading platforms and trading technologies. The highly professional HotForex support service is available worldwide 24/5.

Fort Financial Services, the 9th place finisher in June, is a newcomer of the June 2016 Top10. The broker operates on the currency exchange market 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.

Fort Financial Services offers a broad 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).

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.

FXTM is a company closing Top10 of June 2016. This Cyprus-based brand was launched in 2010, with a unique vision to provide special trading conditions and all-encompassing educational tools for its clients.

In the course of just a few years FXTM has firmly established itself as a global broker. FXTM ensures that its trading and investment products and services are efficient, reliable and effective.

Featuring one of the most elaborate educational centers in the forex industry, FXTM is empowering its clients with trading knowledge so that they get the most out of their trading experience. With multiple industry awards under its belt already, including a total of seven in 2015, FXTM continues to grow and build its perfect business reputation.

In June FXTM has been awarded “Best Forex Broker” of 2016 by the prestigious European CEO Awards. The distinction highlights the broker’s strong position as an important player in the forex industry.

This accolade is the third award FXTM has received in 2016. In February, the broker was named "Best Sell-Side Analysis Contributor", and in April it was awarded as the “Top Customer Service Provider” at the 9th Saudi Money Expo Awards.

Top 10 Forex Brokers in June 2016:

  1. FxPro
  2. FXCM ↑
  3. FIBO
  4. FOREX.com
  5. Colmex
  6. NordFX ↓
  7. HY Markets ↓
  8. HotForex
  9. Fort Financial Services (new)
  10. FXTM ↓

Such are June 2016 voting results. However, as soon as the next month the configuration might undergo remarkable changes. Keep an eye on the fluctuating voting results! The winners’ chart displays the results of the monthly votes. Any Forex-Ratings.com registered user vote for or against any of the fx brokers present in the rating. Any forex trader, regardless of their level of trading expertise, can join the Forex-Ratings.com community at any time. Within 24 hours any voter can cast three votes for/against the listed brokers. Each vote matters and each review helps shaping the overall picture of the global currency trading market of today.

At the same time we permanently communicate with forex companies advertising on Forex-Ratings.com. At any time our platform is open for the new forex firms: new members can enter the Forex-Ratings.com rating and thus raise the audience awareness of the new company and its offers. Forex-Ratings.com is remarkable for its interactive platform, active and critical audience and lots of promotional opportunities provided to forex companies looking for new clients.

On the 1st day of a new month all the previous voting results are reset automatically. Hence, equal chances are given to all the rated brokers sitting on the virtual listing ladder. In fact, a broker’s position in the listing may change significantly even in a very short space of time. However, it also may turn out that for some listed brokers the voting figures remain unchanged for a long period of time.

Every opinion matters on Forex-Ratings.com Join us and make your opinion be heard by the global forex trading community!


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