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In this review we are highlighting January 2017 top-ranked forex brokers as per our site’s voting charts and graphs. One month after Christmas Forex-Ratings.com Top 10 has been renewed compared to the previous voting month of December, however, some brokers managed to withhold their positions. The new Top10 participant is EXNESS (9th place in January).
At the same time, HYCM in January has dropped out of the Forex-Ratings.com Top10, but supposedly not for too long. The company is known to provide a variety of trading instruments: currency trading as well as trading energies (oil/gas), metals, commodities, equities, stocks, indices and many more. With HYCM it is possible to apply any of the offered trading tools from the same trading account.
FXCM, FOREX.com, Fort Financial Services and HotForex have managed to improve their rating positions significantly in January, whereas the finishing spot of FBS (7th position) indicates some deterioration compared to December 2016, which indicated the end of the year with FBS on the 5th place on the ladder of prestige and recognition.
And now let’s have a more detailed overview of the disposition of the ‘best of the best’ forex brokers opening the 2017 Forex-Ratings.com marathon.
The January topper is FxPro, one of the Forex-Ratings.com renowned rating leaders. The company offers a large number of instruments and trading assets, such as index futures, equities, commodity futures, energy futures and spot metals. At FxPro traders have a big choice of trading platforms, such as customized versions of MetaTrader4, cTrader, WebTrader, MultiTerminal, Mobile Platforms and ECN FxPro cTrader. The perfect FxPro customer service deserves a special praise, being among the best in the industry. During years of operations FxPro has won multiple financial awards.
FXTM, the January runner-up, is a Cyprus-based brand launched in 2010. The company provides tailored 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 already received, FXTM continues to grow and build its perfect business reputation.
In January 2017 the broker’s team of Market Analytics has introduced the Market Forecast for 2017, which is available to the registered FXTM clients.
FIBO Group, the ‘bronze’ finisher of the January rally, is offering currency trading services since 1998. This is one of the oldest players in marginal Internet trading.
The basic 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.
FIBO Group is constantly improving its educational programs. The broker offers unique analytics and webinars to the clients and runs training workshops across the globe.
Since January 2017 the broker has extended its media outreach, as it now offers its analytical materials also in Farsi language.
FXCM, 4th place in January, has improved its rating position compared to December 2016. The company demonstrates consistent and steady performance and for a long time remains one of the frequenters of the Forex-Ratings.com Top10 participants.
FXCM is a major liquidity provider and a market maker. It has licenses from regulators registered in the US, UK, France and Australia. This company is on the short list of those who still offer its services on the US market. FXCM is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the US Commodity Futures Trading Commission (CFTC). The broker offers forex, CFDs, and spread betting services.
FXCM offers competitive spreads on major currency pairs. Its 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 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 the broker’s clients have permanent access to financial news, technical analysis and market overviews.
FOREX.com, 5th place position in January, tracks its history from 2001and is considered to be one of the veterans of the fx industry. The FOREX.com parent company, GAIN Capital Holdings, is listed on the New York Stock Exchange. Correspondingly, FOREX.com adheres to the top standards of corporate governance and financial reporting.
The strong points of this broker are: first-rate trading tools; transparent and reliable trading execution; competitive pricing and tight spreads. FOREX.com team has spent years investing in informational technologies and elaborating a liquidity network of trading partners. Hence, no wonder that FOREX.com is a broker able to consistently quote tight spreads in any market situation.
During years of operation FOREX.com has acquired leading positions in currency trading and CFD trading. FOREX.com features a variety of trading platforms to meet the needs of different kinds of traders.
FOREX.com is famous for its elaborated educational programs designed mostly for novice currency traders. The company hosts webinars and video tutorials, its clients can at any time call for the qualified support aid.
Fort Financial Services, 6th place in January, 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’s operational history has begun in 2010 and now it has clients in more than 30 countries across the globe.
The trading opportunities offered by Fort FS 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.
FortFS 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 FS offers a CQG platform thus giving a direct market access to more than 40 world top exchanges through a global network of united exchange gateways and servers.
In January 2017 FortFS has published its official 2016 company report. Generally, the broker kept on with the 2015 trend continuing its expansion into Asia. During the past year the broker has opened two educational centers in Malaysia and held over 100 seminars in this country as well as in China, Vietnam, Indonesia, Thailand and Cambodia.
Moreover, FortFS has been recognized as the ‘Best Forex Broker Asia’ by Forex-Awards.com
Among other activities of FortFS in 2016 was opening of its office in Dubai, which is known as the financial ‘heart’ of the MENA region. FortFS has been one of the active participants of the 17th MENA FFXPO 2016 and has received very positive evaluation of its business efforts by the industry experts. During this event FortFS has received the title of the Best ECN/ STP Broker.
The key product introduced by FortFS in 2016 was CopyTrading service that has added a lot to the broker’s popularity.
FBS has finished the January 2017 rally on the 7th position. The company is offering its services since 2009 and now it has offices in 8 countries worldwide. FBS features the MetaTrader 4 and MT Mobile forex online trading top platforms. The broker works with 29 forex pairs, gold, silver, other metals, and CFDs for investment and trading options. The client support is provided in 13 languages.
On January 21st, 2017, FBS has held the first Grand Event for its traders and partners in Thailand. Another bright spot of the broker’s January activities was introduction of the 24/7 English support, with extra languages to be added soon.
HotForex, 8th position finisher, is one of the frequenters of Forex-Ratings.com charts. The company is headquartered and regulated in Mauritius, it tracks its history from 2007.
FBS is an investment company and a trading provider famous worldwide. It deals with investment companies and fund managers as well as with private traders offering services in trading currencies and commodities.
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 competent HotForex support service is available worldwide 24/5.
EXNESS, 9th place in January 2017, is one of the leaders in investment providing services for effective private and institutional investments as well as for trading operations. EXNESS works with clients of all levels of knowledge and the company support is always there to resolve clients’ issues.
In December 2016 the broker has introduced trading improvements related to the extension of the unlimited leverage usage (4th series of improvements). Before December 25th, 2016, the broker was offering unlimited leverage to clients on Cent, Mini and Classic accounts, from Monday 00:00 GMT to Thursday 23:59 GMT. And since December 25, 2016, the time scale which has been significantly extended, allowing EXNESS clients to take advantage of their unlimited leverage at all times; the only exception is related to opening new positions during particular periods where margin requirements are higher. This new improvement means that from now on the broker’s traders can enjoy more trading freedom, as there’s now no need for weekly alterations of the usual trading strategies. Unlimited leverage empowers traders by allowing them to trade with negligible margin, and to open more positions and bigger lots.
XTB is the company closing the January 2017 Top list, having finished the month on the 10th position. XTB Group has more than 14 years of experience and is now one of the largest FX & CFD brokers in the world with a market capitalization of more than $400m. The company’s offices are located in over 11 countries including UK, France, Germany, Spain, Poland, and Turkey. XTB is regulated by the world’s largest supervision authorities including the FCS, KNF, BaFin and CMB.
Top 10 Forex Brokers in January 2017:
- FIBO Group
- FXCM ↑
- FOREX.com ↑
- Fort Financial Services ↑
- FBS ↓
- HotForex ↑
- EXNESS (new)
Such are results of the January 2017 voting. In February the entire configuration may look completely different, should there be the voters’ will for that. To ensure objectiveness and actuality of the voting results the figures the previous month are nullified by the system and on the first day of the new month the voting starts from scratch. Thus, regular voting and reviewing of the fx brokers activities on our site really makes big sense.
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