Forex-Ratings.com is a well-known and respectable source of objective information on the key parameters of the forex market. We continuously work since 2006, highlighting the trends of the present-day global fx trading. We rate the leading fx brokers and their hottest offers. Our team has developed a broad range of assessment instruments, and we take pride in our quality content. Our ongoing and careful work adds to helping the global currency trading market become more comprehensive and clear.
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We have developed a handy and quick-to-respond voting system. On Forex-Ratings.com a registered visitor can cast votes for/against the listed brokers on a daily basis. In fact, it is our voting community that indicates the best performers of the industry, and this is reflected in the ratings immediately after the results are read off.
In this review we introduce the forex brokers who have been distinguished by our audience as the Forex-Ratings.com Top10 of the month. We see that Top10 favorites keep on attracting their clients with new promotions and incentives, and we’re pleased to greet the Top10 newcomer, Grand Capital. Let’s have a deeper look on the overall panorama of the best brokers of May 2018.
easyMarkets, the leader of the May 2018 Top10, 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. The company 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 are able to choose between the globally famous MT4 trading platform and easyMarkets’ own platform which has been 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.
easyMarkets features forexAffiliate, one of longest running financial affiliate programs in the industry, which attracts referrals for almost 20 years now.
The runner-up of the May 2018 race 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 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.
Among the company’s online achievements of 2017 are improvements of the client support service: now the Live Help feature is more user-friendly and available in multiple languages.
HYCM is the May 2018 ‘bronze’ finisher. HYCM 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 several other globally recognized 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, and tight spreads on major currency crosses range from 0.5 to 2 pips. The spread can be either fixed or variable. HYCM traders are allowed to use automatic trading. Hedging and expert advisors are also available. HYCM also features demo accounts for new forex traders.
HYCM offers a variety of trading instruments: currency trading as well as trading equities, commodities, indices, stocks, and this list is not complete. HYCM traders are able to use any of the offered trading tools from the same trading account.
The 4th position of the May 2018 listing has been won by FIBO Group. Financial Intermarket Brokerage Online Group has been established in 1998, which makes this forex company one of the oldest players in marginal Internet trading.
All the services offered by the FIBO Group holding meet the international standards and all the applicable regulatory norms. In its day-by-day work FIBO Group sticks to the principles of strict compliance to the applicable laws and orders issued by the national regulators as well as protection of the clients’ interests.
In May 2018 FIBO Group has announced the activation of a new payment method via bank cards – EcorePay. This method is addressed to the clients from Latin America, and, despite of a considerably high commission of 9%, it broadens the depositing possibilities of the clients from the region.
FxPro is the broker having taken the 5th line of the May 2018 rating on Forex-Ratings.com. Trading platforms offered by the broker include FxPro MetaTrader4, ECN FxPro cTrader, FxPro MultiTerminal, FxPro Mobile Platforms. FxPro vault system provides prompt cash operations. Hedging and scalping are available for FxPro clients. As an NDD broker FxPro offers top-tier liquidity and superior execution technology.
Trading assets and instruments offered at FxPro form a broad assortment to choose from. FxPro ECN accounts start from $1,000. However, FxPro offers not only currency trading but also trading equities, spot metals, index futures, commodity futures and energy futures. FxPro offers price feeds and tight spreads to its clients, which makes futures trading with the broker comfortable and handy.
FXCM, 6th position in May 2018, is known as one of the well-reputed companies operating on the global forex market. The broker’s operational history has begun in 1999.
FXCM is headquartered in New York and is one of a limited pool of big forex brokers working with US clients. The company is licensed in the US, UK, a number of European countries, Hong Kong and Australia. The client support of FXCM clients is delivered in ten languages including Arabic, Chinese, Portuguese, Russian and Spanish.
FXCM features a selection of trading platforms, including, along with the world’s most popular MetaTrader4, such in-house products as Mirror Trader, FXCM Active Trader, FXCM Trading Station Desktop, FXCM Trading Station Web and FXCM Trading Station Mobile. All the FXCM platforms provide constant access to the latest financial news, technical analysis and market reviews.
FXCM offers not only currency trading, but also trading on stocks, metals and energy assets. The company is considered to be one of the major liquidity providers and market makers. It works with individual traders as well as institutional entities.
HotForex, 7th place in May 2018, is a company established in 2007 and having a long continuous operational history on the forex market. The broker 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.
XM.com is the 8th place finisher in May 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.
On May 19th, 2018, XM.com has been one of the sponsors of a special event that has taken place in Warsaw, Poland: the Annual Investors’ Gala, the first of its kind in the region, to bring the key Polish forex experts and online investors together. The speakers of the event presented a live round of discussions on the latest trends and developments of the global financial world, in particular of the forex and CFD markets.
On 14th June 2018, one of the biggest financial exhibitions, ITForum, opens its doors for a two-day event series in Rimini, Italy, which XM will participate at.
AlfaForex, 9th place in May 2018, is quite new in the Forex-Ratings.com rating, yet for the second month in a row it proves its right to be among the Top10 leaders.
The interests of the AlfaForex traders are secured by the provisions of CySEC (The Cyprus Securities and Exchange Commission). The broker keeps on developing new products and improving its financial products.
Generally, AlfaForex is focused on clients from the CIS and European Union. The broker provides its customers with fast access to the financial markets. The broker takes pride in offering a wide range of financial instruments and reliable IT solutions to both its private clients and institutional counterparties.
Grand Capital is a Forex Ratings ‘Best Ten’ newcomer, having finished the May 2018 rally on the 10th position, so much coveted by many other forex brokers.
Grand Capital is one of the oldest international brokerage firms, offering its services in the financial markets since 2006.
GC is leader in the field of binary options and derivatives trading (CFD). Actually, GC is the first Russian company featuring the MT4 integrated binary options. The trading platform offered by the broker is a combination of the user-friendly interface with cutting-edge technologies.
Grand Capital serves more than 100,000 traders around the world; it works with both with individual and corporate clients. The company is constantly working on the ways to make trading convenient and handy for its clients, featuring an array of trading modes, professional analytics, and special investing services.
The average monthly turnover of the broker amounts to $ 1.3 billion. Minimum deposit with Grand Capital ltd is $10, and depositing methods are diverse to meet various traders’ needs: credit card, Neteller, Webmoney, CashU, Bank wire, etc.
Currently the company has more than 3500 partners worldwide. Grand Capital is a multiple winner of Russian and international exhibitions in the nominations - Best Standard Forex Broker, Best Binary Option Broker, Best Micro Forex Broker.
In May 2018 Grand Capital has announced innovations in its ECN offering. ECN offering was implemented using the innovative technology provided by AMTS Company. ECN Prime provides access to the market of high liquidity and immediate order execution. Orders are executed in accordance with the best market quotes and not depending on any external circumstances. ECN Prime allows adding unlimited liquidity providers, which means that the best possible price is used for order execution.
On May 18th, 2018, a new Grand Capital office opened in Klerksdorp, South Africa. The opening was attended by the company’s Head of Analytics Sergey Kozlovsky and a business development manager Goutam Das. The event was also visited by the partners of Grand Capital from the Kingdom of Lesotho.
Over 17 thousand clients trade with Grand Capital in South Africa, including those who work on the partnership programs. Grand Capital features educational seminars in Southern Africa (RSA, Swaziland, Lesotho) on a regular basis.
Top 10 Forex Brokers in May 2018:
- 1. easyMarkets
- 2. FXTM
- 3. HYCM
- 4. FIBO Group
- 5. FxPro
- 6. FXCM
- 7. HotForex
- 8. XM.com
- 9. AlfaForex
- 10. Grand Capital
Such were the May 2018 voting results. Let’s see how the voting results will change within the next month.
As usual, on the 1st day of the new month all the previous voting results are transferred to the archive and voting takes off from the ‘zero’ point. This means that every listed broker has a chance to gather support of its clients and try to reach the top of the Forex Ratings listing, which is open to every broker.
We invite you to join our community and become one of those who shape the reality of the global forex market of today. Each vote, each opinion and each review published on Forex-Ratings.com count! What is more, all the previous results are available for future reference, as all the voting results are stored in the site’s database.
Let’s see who is to become the Forex-Ratings.com top leader as the year 2018 moves on in full swing!