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February 2018 Best Forex Brokers: Striving for Perfection

Forex-Ratings.com is a globally recognized source of high-quality related to all the key participants of the forex market. The site’s team has been gathering information on the vast majority of the fx and binary brokers that have ever been rendering their services to clients. Forex-Ratings.com offers great functional opportunities to all the fx traders who are searching the right forex broker to trade with or making first trading attempts on real accounts. Our site’s instruments are indispensable, as they help a great deal to make the right choice, and to do it in the shortest time possible. Day by day we work on making the site more user-friendly and comprehensible.

The brokers listed on Forex-Ratings.com can be contacted directly when necessary. Any registered site visitor can receive a quick and straight-to-the-point answer right from the source. Indeed, this feature is not to be met too often online.

Our database is at the service of the site visitors to help them find out all detail regarding any forex broker of interest. All the brokers’ details are stored on the site, and are available at any moment.

Forex-Ratings.com is worthy of a special notice for its particular instrument of social ranking, monthly voting. In short, the registered site visitors can vote up to three times during every 24 hours for or against the forex brokers listed on the site. Thus, the position of any listed broker may change once in a while, and within a short timeframe; or it can stay still for a long time based on the audience support.

With years of the site’s operation voting procedure has become extremely popular with the site visitors of all levels of trading experience.
We believe that our day-by-day work helps a lot in bringing the work standards of the forex brokers to a new level.

In this review we present the February 2018 Forex-Ratings.com Top10 voting results.

Let’s also have a glance on the dynamics of the positions of the toppers. The position of EXNESS has been improved compared to the previous voting month. At the same time, FortFS and XM.com have deteriorated their earlier positions. Forex4you has left the February rating, yet we are pleased to introduce the new rating participant, AMarkets (7th place).

The leader of the February 2018 Top10 race is 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 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.

The ‘runner-up’ of February 2018 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.

In February 2018 FXTM has been granted a licence with the UK’s Financial Conduct Authority (FCA), and is to operate under FCA licence no.777911.

Since February 9th, 2018, FXTM offers decreased spreads on a majority of forex pairs and Spot Metals on the ECN MT5 account. The broker takes pride in having managed a reduction of up to 65%.

In general, FXTM as a brand has documented exceptional growth in the last year; its client base grew by 77% year on year and active clients grew by 64% in the same period. This growth can be attributed to the client centric approach, quality customer service and positive reputation in the forex industry.

The ‘bronze’ finisher of February 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 February 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 February FIBO Group has introduced new ways to replenish trading accounts. From now on the traders are able to make deposits with the basic currency of Bitcoin directly through the Blockchain.info service. This service is available in all countries where it is possible to make a transfer from the Bitcoin wallet through any payment service.
Thus, it is now possible to deposit the crypto currency into the trading account opened in BTC directly and without additional conversions. BTC as the basic currency is available only for the MT4 NDD No Commission trading accounts.

To add to that, the new method allows depositing with the conversion according to the internal rate of the company into the trading accounts opened in any other currencies.

The 5th place finisher of February 2018 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.

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.

The 6th step of the February 2018 ladder belongs to HotForex. This is a company with more than ten years of active work on the forex market behind its shoulders (established in 2007). It 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.

The 7th step of the February 2018 ladder is taken by AMarkets, the newcomer of the Forex-Ratings.com ‘best of the best’ list. Formerly known as AForex, the broker is operated by AMarkets LTD. Online broker AMarkets provides direct access to global markets and executes nearly 10,000 trades per day, equips clients with all necessary tools for self and algorithmic trading, as well as with robust money management solutions.

AMarkets offers a wide variety of electronically traded products such as forex, cryptocurrencies, equities CFDs, commodities, metals and bonds.

A special product of this broker is cryptoportfolio, a highly effective investment solution suitable for both experienced traders and beginners. The portfolio includes high capitalization cryptocurrencies such as Bitcoin, Litecoin, and Ethereum. Its alignment is aimed at maximizing profit for the investors.

Fort Financial Services is the 8th place finisher in February 2018. FortFS 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.

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.

EXNESS, 9th place in February 2018, is one of the leaders in investment providing services for effective private and institutional investments as well as for trading operations.

EXNESS is known to provide accessible, stable, and reliable brokerage services through the use of modern informational, trading, and investment technologies.

EXNESS works with clients of all levels of knowledge and the company support is always there to resolve the traders’ issues. Clients of the Exness Group enjoy excellent trading conditions, including spreads as tight as 0.1, flexible leverage, 24/7 client support, instant withdrawal of profits, and outstanding order execution.

XM.com  is the broker closing Forex Ratings ‘best ten’ of February 2018. XM is an EU award-winning broker that offers wide range of trading products and account types on two platforms under competitive conditions and Negative Balance Protection.

XM is a brand of Trading Point Holdings Ltd., a company regulated by the Cyprus Securities and Exchange Commission (CySEC). Apart from its units in Cyprus and UK, it also has a subsidiary in the UK, licensed by the Financial Conduct Authority (FCA), an Australian unit, which holds a license from the Australian Securities and Investments Commission (ASIC).

The instrument portfolio of XM includes forex pairs and CFDs on stocks, commodities, precious metals, cryptocurrencies, energies and equity indices.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.

In February XM.com has announced lowering the commissions on its popular Zero Account starting from February 12, 2018. The XM Zero Account was launched in 2014. It offers tight spreads from 0 pips, a leverage of up to 1:500 and clients can choose between USD, JPY and EUR as based currencies. They can trade in over 55 currency pairs, gold and silver, on MetaTrader 4 and 5. additionally, there is a VPS service, one click trading and zero fees on deposits and withdrawals. Hedging is allowed.

Top 10 Forex Brokers in February 2018:

  1. HYCM
  2. FXTM
  3. FxPro
  4. FIBO Group
  5. FXCM
  6. HotForex
  7. AMarkets (new)
  8. Fort Financial Services ↓
  9. EXNESS ↑
  10. XM.com↓

Such were February 2018 voting results. But, in fact, in a month it may turn out that the list of the Top-10 performers of Forex-Ratings.com is going to be completely different. According to our site’s voting process, at the beginning of every new month the previous voting results are nullified and the voting marathon starts from anew from ‘zero’ point, giving equal chances to all the listing participants, any of them is capable of climbing the mountain.

The voting procedure is simple and transparent. Any vote cast for/against any of the listed brokers is to be taken into account. The summary of all the votes shapes the final monthly chart. Basically, our active site voters are those who indicate which forex brokers are best-performing companies of today, and which still need more positive feedback from their clients.

With Forex-Ratings.com you can send your questions to the global forex market leaders and send over any piece of advice or observation to your fellow traders in a real-time mode.

Join us and become a part of one of the most influential forex traders’ communities ever!

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