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This review deals with the August 2017 Forex-Ratings.com Top10 Brokers list.
The last summer month of 2017 has proved yet another time the leadership of easyMarkets, the ‘gold’ finisher of the month. Greetings also to all the other steady Toppers, including the pedestal finishers: FXTM (‘silver’ position in August) and FxPro (‘bronze’ position in August).
In other aspects, the list of the previous month has been renewed, with the dropout of the XM.com, one of the long-term Top10 members, and introduction of one of the new leaders, 24option. The position of FXCM (5th place in August) has been slightly improved, whereas HYCM (6th place) has slided one position down compared to July.
The leader of the August 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 initially launched as easy-forex in 2001. The broker 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.
Between 20th of July and 31st of August, 2017, easyMarkets team has been on tour in South Africa. The length of the trip was 3,665.4 km within the country, between Durban, Cape Town, Pretoria and Johannesburg. The team has met with almost 200 traders split between 4 seminars.
Among other August company news is integration of the vanilla options platform with the easyMarkets trading platform to make trading even simpler.
Vanilla options are a type of trading deal, like a day trade or a pending order which easyMarkets traders can choose to use on more than 40 assets. This trading deal can only be found at a select number of brokers.
The ‘silver’ finisher of August 2017 is FXTM. This Cyprus-based brand was launched in 2010, with a unique vision to provide special trading conditions and elaborate educational tools for its clients.
Featuring one of the most developed educational centers in the forex industry, FXTM shares trading knowledge with its clients so that they can get the most out of their trading experience. With a number of industry awards already received, FXTM continues to expand and enhance its business reputation.
With the recent introductions of WhatsApp and Viber and Telegram, since August 2017 FXTM clients can upload their documents using one of these popular social platforms, which makes verification a fast and handy process.
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.
The ‘bronze’ finisher of the August 2017 rally is FxPro, which is known as one of the key global online fx brokers with years of successful performance. What is more, the company has been a long-term Top-10 leader of the Forex-Ratings.com rating.
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.
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. 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.
Trading platforms offered by the broker include FxPro MetaTrader4, ECN FxPro cTrader,FxPro Multiterminal, FxPro Mobile Platforms. FxPro vault system provides prompt cash operations. FxPro ECN accounts start from $1,000. Hedging and scalping are allowed at FxPro.
In August the broker has announced the launch of FxPro Edge, a revolutionary Spread Betting platform. Spread Betting is a new and flexible way to invest in the financial markets. With FxPro Edge, traders can Spread Bet on Forex, Spot Indices, Shares, Spot Metals and Spot Energies, with no commission, and benefit from the excellent order execution that FxPro is famous for.
FIBO Group (Financial Intermarket Brokerage Online Group), the August 2017 4th place finisher, 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.
Since August 2017 Bitcoin and Ethereum cryptocurrencies are available at FIBO as the basic currency of the MT4 NDD No Commission trading account. The currencies of the account are BTC and ETH equivalent units that are equal to one thousandth (1/1000) and one hundredth (1/100) of the Bitcoin and Ethereum value respectively.
Morevover, in August the broker has introduced FxWirePro news feed — a leading information and analytics provider on FOREX and cryptocurrency markets. It is integrated in the MetaTrader 4 trading platform and is now available for all the FIBO Group clients with live accounts.
The 5th position of the August 2017 voting goes to FXCM. This broker shows consistent and steady performance and for a long time remains one of the regular participants of the Forex-Ratings.com Top10.
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.
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 is remarkable for 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.
On the 6th step of the August 2017 ladder we see HYCM, which 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 such important business jurisdictions as the UK, Hong Kong and United Arab Emirates.
It is possible to apply any of the offered trading tools from the same HYCM trading account. Trading accounts offered by the broker 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. 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.
The trading platforms offered by HYCM include MetaTrader4, Webtrader and HYRPO. The broker offers a variety of trading instruments: currency trading as well as trading energies (oil/gas), metals, commodities, equities, stocks, indices and many more.
In August HYCM has announced addition of Ethereum and Litecoin to its cryptocurrency product portfolio. Now the broker’ clients are able to trade in ETH/USD and LTC/USD pairs, apart from the BTC/USD.
HotForex, 7th place in August 2017, is one of the frequenters of Forex-Ratings.com charts, and it is back to the Top10 after a short dropout in July. The company traces its history from 2007 and is headquartered and regulated in Mauritius.
The platforms available at HotForex include HotForex PAMM system, HotForex MT4 Terminal, Hot Webtrader, Hot iPhone & Smartphone Trader, and Hot Android. The highly competent HotForex support service is available worldwide 24/5.
HotForex guarantees its customers access to interbank spreads and liquidity through the most modern automated trading platforms and trading technologies.
In August 2017 HotForex has announced the launch of the renewed VIP Account offering, with some of the lowes spreads in the market starting from 0.0 pips.
Fort Financial Services is the 8th place finisher in August 2017. 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 has been launched in 2010 and now it has clients in more than 30 countries across the globe, with a priority given to such prospective regions as MENA and Asia Pacific.
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).
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.
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.
FBS, 9th place finisher in August 2017, is a forex broker that has been launched in 2009. As of now, it has offices in 8 countries around the world. 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.
In August 2017 FBS has announced reaching its 4 millionth client, which has turned out to be a trader from Vietnam. The same month the company has expanded its range of depositing methods. From now on, available are: Okpay, ACB (Asia Commercial Bank), BIDV (Bank for Investment and Development of Vietnam), DAB (DongA Bank), EXIM (Eximbank Vietnam), SACOM (Sacombank), TCB (Techcombank), VCB (Vietcombank), VTB (Vietinbank).
In the end of August FBS has hosted a new Grand Event for its traders, this time in Kuala Lumpur (Malaysia).The Event has comprised a raffle drawing with a prize pool of $15,000, as well as fine dining and a show program with the leading artists of Malaysia.
24option is the newcomer of the August Top10 of Forex-Ratings.com and a broker that has finished the August rally on the honorable 10th position.
24option offers CFDs/FX trading to novice and seasoned traders alike. Established in 2010, 24option offers traders an extensive education center, 24-hour support, quick account verification and personal account managers. Regulated by CySEC and registered with numerous regulatory bodies in order to provide their clients with a transparent and unique trading experience.
24option offers over 100 underlying assets to trade CFDs on, including exotic currency pairs, major commodities, popular stocks, indices and crypto currencies. The website and customer support is multilingual and is available on a 24/7 basis. The minimum deposit is $250, they offer competitive spreads and have leverage options up to 400:1.
With the 24option trading platform one can trade on a large list of assets; including currency pairs (forex), stocks, indices and commodities. Bitcoin as one of the payment methods is available with the broker since August 2017.
24option allows deposits in numerous currencies and methods including credit/debit cards, wire transfer, Skrill, Neteller and Webmoney, and offers next business day withdrawals.
Moreover, in the month of August the broker has announced the extension of its partnership with Juventus Football Club. During the summer months of 2017 24option and Juventus have worked together to create a television advertisement to be run during the European championships starring Marchisio, Bonucci, Padoin and Asamoah.
Top 10 Forex Brokers in August 2017:
- FIBO Group
- FXCM ↑
- HYCM ↓
- Fort Financial Services
- 24option (new)
Such were August 2017 voting results. However, within a month the list of the most distinguished forex brokers may look significantly different! With the beginning of every new month the past voting results are nullified and transferred to the archive in which they are to be stored on a permanent basis.
Along with this, the new lapse of the race for the Top positions begins on the 1st day of a new month.
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Forex-Ratings.com voting community decides which forex companies deserve highest ranks, and which still have to refine on their performance. Our user-friendly and handy platform allows any broker to undergo prompt and objective evaluation procedure.
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