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This review deals with the January 2018 Forex-Ratings.com Top10 Brokers list. We are glad to feature the new leader of the chart, HYCM. This renowned broker has been featured on top places of Forex-Ratings.com for a long time, yet within the past year 2017 it hasn’t taken the first prize. The new year 2018 really begins with a positive trend for this broker! We also are pleased to greet Fort Financial Services (5th place) and Forex4you (7th place), who have significantly improved their positions in the rating compared to the previous voting month of December. And we give a warm welcome to the Top10 newcomer, EXNESS, which has been away from the ‘best o the best’ list for a while.
The leader of the January 2018 Top10 race is HYCM. Congratulations to the new leader opening the battle of 2018! For this broker this is the first-time ‘golden’ finish on Forex-Ratings.com, and we hope to see the company among our toppers time and again! That’s the spirit!
Getting back to its history, the broker is one of the oldest on the market. HYCM is a trading name of Henyep Capital Markets UK Ltd. HY Group is registered and authorized in such important business jurisdictions as the UK, Hong Kong and United Arab Emirates. In general, 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.
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.
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.
A few weeks ago HYCM has introduced a comprehensive affiliate program which creates significant earning opportunities for all those who choose to work with the broker - webmasters, online businesses, site owners and SEO experts. The partnership formats include: Rebate on Trading Volume; Cost Per Acquisition (CPA); Economic Value (EV).
The ‘silver’ finisher of January 2018 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.
In the course of a few years FXTM has firmly established itself as an important global player. FXTM ensures that its trading and investment products and services are efficient, reliable and effective.
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.
In January 2018 FXTM has introduces Konnexone to its growing list of payment providers. Having quickly developed a reputation as a leading online P2P gateway, this e-commerce service provider is specifically convenient for clients preferring to manage their funds with a secure cloud-based system. Konnexone is available for both depositing and withdrawals, including those in local currencies.
The ‘bronze’ finisher of the January 2018 rally is FxPro, one of the legends of the global forex market, as it has long years of successful continuous performance.
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. 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.
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.
FIBO Group (Financial Intermarket Brokerage Online Group), the January 2018 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.
The 5th position of the January 2018 voting goes to 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 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.
In January 2018 FortFS has announced that the price accuracy for such contract groups as metals and indexes is increased. Further information is to be found in the broker’s ‘Contract Specification’ section.
On the 6th step of the January 2018 ladder we see HotForex. This renowned company traces its history from 2007 and is headquartered and regulated in Mauritius.
HotForex 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 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.
Forex4you, 7th place in January 2018, is one of the frequenters of Forex-Ratings.com charts and a broker known for its excellent performance.
Forex4you is a brand of E-Global Trade & Finance Group, Inc. and is registered in the British Virgin Islands. The broker is authorized and regulated by the FSC under the Securities and Investment Business Act, 2010 License#: SIBA/L/12/1027.
Forex4you offers trading in forex, commodities, stocks and indices by means of the MT4 platform, Forex4you webtrader and Forex4you mobile platform. The broker sees its mission in providing flawless online currency trading services for retail clients in terms of quality and low investment requirements.
XM.com is the 8th place finisher in January 2018. 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.
FXCM, the 9th place finisher in January 2018, is a broker showing consistent and steady performance. Thus, the companyfor 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.
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.
The special format offered 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.
EXNESS is a broker that has finished the January rally on the honorable 10th position. We are pleased to notice that in January 2018 EXNESS has joined the ranks of the Forex-Ratings.com Top leaders after several months of persistent struggle for its ‘place under the sun’ with its tough peers. The company is one of the most attractive investment companies on the today’s market. Generally, it offers services for private and institutional investments as well as for trading operations. EXNESS works with traders of all levels of experience and the company support is always at the ready to respond to the clients’ queries.
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.
Top 10 Forex Brokers in January 2018:
- HYCM ↑
- FXTM
- FxPro
- FIBO Group
- FortFS ↑
- HotForex ↓
- Forex4you ↑
- XM.com
- FXCM ↓
- EXNESS (new)
Such were January 2018 voting results. However, within a month the list of the most important forex brokers may look significantly different! On the 1st day 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.
Our voting procedure is easy to participate and easy to comprehend. At any moment of time the brokers occupy a certain position based on the factual number of votes cast for or against them. Every vote matters and it adds to the overall monthly figure.
In fact, both veterans and newbies of the global forex market have equal chances to reach the top sooner or later; at that it takes a lot of effort to be confined in the Forex Ratings Top10 one month after another. Having a look at our Top regulars you can easily find out which brokers have gained trust and perfect reputation in the trading community.
Our objective is to help fx traders find the right forex broker to trade with. Every broker is displayed on our site in a multi-lateral and transparent manner, with its strong and weak points. The broker’s information is stored on Forex-Ratings.com on a permanent basis, so you can at any time refer to it.
We work on a daily basis to improve the quality of our interactive communication platform and to have it user-friendly, responsible and reliable. We invite everyone to join us, to share practical knowledge on trading forex online, to vote and to evaluate forex brokers featured on Forex-Ratings.com Thus together we can maintain the entire concept on online forex trading clear and trustworthy.
