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In this review we will shed some light onto the April 2017 Forex-Ratings.com Top10 voting results.
We are pleased to greet the already two-months’ rating leader, easyMarkets, a globally known broker impressing with its steady performance. And, generally speaking, if compared to the previous voting month, the April listing has been 10% renewed. The Top10 newcomer is XM.com, which has secured the 10th rating position this time. Along with this, one of the excellent performers of the previous months, FXGiants, has left the Top10 in April.
Let’s also have a glance on the dynamics of the positions of some other toppers: HYCM has improved its position in the Top10 having finished the April rally on the 6th position, whereas EXNESS has dropped down to the 8th place, which is two steps lower than its March result.
The leader of the April 2017 Top10 race is easyMarkets. This is an online forex and CFDs broker providing access to more than 300 global markets to clients from over 160 countries. The broker is regulated by both CySEC (The Cyprus Securities and Exchange Commission) and ASIC (Australian Securities and Investments Commission).
easyMarkets was established in 2001 as easy-forex and is headquartered in Limassol, Cyprus with offices in Shanghai, Sydney and Warsaw. In 2016 the broker rebranded to easyMarkets to reflect the fact that it had grown from offering trading on forex to trading on currencies as well as oil, gold, commodities, indices, CFDs, vanilla options and forex forwards.
The company’s clients can choose between the world renowned Metatrader4 trading platform and easyMarkets’ own platform which was launched in 2001 as the first web-based trading platform in history.
easyMarkets’ accounts start from $100 and include a client success manager, basic education and platform tour as well as technical reports. VIP trading starting from $2500 and gives traders free trading signals, SMS market updates, higher leverage and direct contact with the dealing room among other great features.
Trading conditions with easyMarkets include no slippage, leverage as high as 1:400, fixed spreads as low as 1.8 pips (1 pip for EU clients), guaranteed stop loss, negative balance protection and allow scalping and hedging. All this is backed up with an excellent customer support team which is available 24/5.
Among the latest hot offers of easyMarkets is “Freeze Rate”, a pioneering solution which allows a trader to freeze a desired rate before making a buy or sell decision, for free.
In April easyMarkets has introduced its mobile application, which is now available in English and Chinese languages (the list of languages is to extend soon). The app is free to download and is based on the easyMarkets own web platform. Along with trading, pricing and market news, the app supports a wide range of functionality. This includes funding, withdrawing and reporting, which means that the new application is well able to completely replace its desktop analogue.
Speaking about the broker’s promotional activities, in April it has introduced a new reward program for its promoters working in the social media. This new reward offer allows earning up to $2,500 for the new registrations.
The ‘runner-up’ of April 2017 is FXTM. 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 already received, FXTM continues to grow and build its perfect business reputation.
Speaking of the latest promotional activities of FXTM, we have to mention the broker’s great enthusiasm in joint projects with Formula One. On April 6th, 2017, the FXTM Team was in Shanghai ahead of Sunday’s Grand Prix, hosting a cocktail event in honor of its new partnership with Sahara Force India. The Formula One season had kicked off a few weeks earlier in Melbourne, and the F1team were in China to defend their position in the Constructor standings.
The ‘bronze’ finisher of April is FxPro, which is known as one of the key global online fx brokers with years of successful performance and a long-term leader of Forex-Ratings.com Top10 during a number of the previous months. FxPro is regulated by Cyprus’ Securities and Exchange Commission (CySEC) and UK’s Financial Conduct Authority (FCA). The company operates as a Hybrid Agency Model broker, offering Negative Balance Protection and enabling clients to access top-tier liquidity.
FxPro vault system provides prompt cash operations. FxPro ECN accounts start from $1,000. Hedging and scalping are allowed at FxPro.
Trading platforms offered by the broker include FxPro MetaTrader4, ECN FxPro cTrader,FxPro Multiterminal, FxPro Mobile Platforms. Trading assets and instruments offered at FxPro are plentiful. The company offers full-cycle services for all retail forex market segments, as well as trading with indices, futures, shares, metals and CFDs.
It is certainly worth noticing that FxPro offers superior solutions in matching orders and execution. FxPro operates as a Hybrid Agency Model broker, enabling clients to access top-tier liquidity and benefit from its No Dealing Desk intervention policy and Negative Balance Protection guarantee.
The 4th place in April goes to FIBO Group (Financial Intermarket Brokerage Online Group). This broker has been established in 1998 and is one of the oldest players in marginal Internet trading.
The key 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, by offering unique analytics and webinars to the clients, giving training workshops around the World.
In April the broker has announced the implementation of automatic deposit via payment system BITPAY, which allows depositing using Bitcoin. BITPAY allows automatic replenishment of a trading account.
The 5th place finisher of April 2017 is FXCM. 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 and a market maker. It has licenses from regulators registered in the US, UK, a number of European countries, Hong Kong and Australia.
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.
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 6th step of the April 2017 ladder belongs to HYCM. This is a trading name of Henyep Capital Markets UK Ltd.
The company belongs to a global conglomerate working in currency trading and financial services, property, education, etc. in more than 20 countries across the globe. HY Group is registered and authorized in UK, Hong Kong, United Arab Emirates, and key business jurisdictions.
The broker’s trading platforms include MetaTrader4, Webtrader and HYRPO. Trading accounts at HYCM start from $50 with leverage reaching up to 400:1, tight spreads on major currency crosses range from 0.5 to 2 pips. The spread can be both fixed and variable.
HYCM offers a variety of trading instruments: currency trading as well as trading energies (oil/gas), metals, commodities, equities, stocks, indices and many more. It is possible to apply any of the offered trading tools from the same trading account.
The broker also features demo accounts for novice traders. HYCM clients can use automatic trading; expert advisors and such trading strategy as hedging are also available.
On the 7th step of the April 2017 ladder we see Fort Financial Services. This 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.
EXNESS, 8th place finisher in April 2017, is a broker launched in 2008. By now it has gained a reputation of one of the industry leaders and has received multiple financial awards worldwide.
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.
Windsor Brokers, 9th place in April 2017, is licensed and regulated by CySec (Cyprus), EEA authorized by regulatory bodies of all EU member states.
The broker has been established in 1988 and after almost 30 years of operational work it remains one of the leading and pioneering online fx brokers in the region. At the moment of its launch Windsor was a small sized broker with only 5 employees and a selective number of clients primarily from the Middle East region. By the year 2007 the company already showed clear sign of expansion and has inaugurated its new headquarters, the Windsor Business Center, with more than 70 stuff members at that moment.
At present Windsor Brokers offers over 620,000 financial derivatives and assets including FX, Gold, Silver, Crude Oil, CFDs, DAX, Stocks, ETFs, Bonds, Options, FOPs, SSFs & EFPs, Mutual Funds and Warrants. These can be traded on the Windsor MT4 (Metatrader), the AMO (All Markets Online) or GWAZY platforms.
Windsor Brokers has recently launched new New MT4 trading account, and its another particular attraction is very competitive spreads. Traders have the ability to trade micro, mini & standard lots under 1 account.
XM.com is the broker closing Forex Ratings ‘best ten’ of April 2017. 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). XM.com offers trading in forex, CFD’s and futures through the MT4 Platform.
XM clients have 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.
Top 10 Forex Brokers in April 2017:
- FIBO Group
- HYCM ↑
- Fort Financial Services
- EXNESS ↓
- Windsor Brokers
- XM.com (new)
Such were April 2017 voting results. However, next month it may well happen that the list of the Top-10 performers of Forex-Ratings.com will be significantly changed. According to the voting algorithm, each 1st day of the new month the previous voting results are transferred to the archive and thus the entire voting procedure starts anew from square one.
Our real site visitors do the voting and thus indicate which forex brokers are best-performing companies of today, and which still lack the support of their clients. Our system is flexible and any of the brokers featured in the rating may one day find itself on the first line of the general chart.
The brokers listed on Forex-Ratings.com are available for commenting and for direct contacts, and the data array allows site visitors figure out all the essential parameters of work for any fx company of interest. All the details about the brokers are carefully stored, so you can refer to them later whenever you might need this information.
The voting procedure is transparent, and it ensures that any vote given for/against any of the listed brokers will be taken into account. All the votes cast on the site during the current month are summarized to deliver a final rating result of the month.
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