Top 10 Best Forex Brokers in the World
10. DirectFX
It is the biggest forex broker of Australia and 2nd largest in Southern Hemisphere. The company gained popularity last year with increasing Chinese traders. The company has a trading platform that is very advanced and market depth has many levels with low spread and excellent execution.
The mission of the company is to provide their customers with best environment for trading and facilitate its customers with all the resources and tools they need. The management of the company is extremely experienced and has up to 40yrs of experience. The company focuses on applying technologies innovatively, excellent execution and new customer opportunities
9. Interactive Brokers
Interactive Brokers Group, Inc. & Interactive Brokers Group, LLC, together make a corporate group, subsidiaries of which are broker and market maker. The headquarters of the company are in Connecticut and also has its offices in Chicago, Budapest, London, Hong Kong, Mumbai, Montreal, Saint Petersburg, Shanghai, Tallinn, Zug, Tokyo and Sydney.
The company was established By Thomas Peterffy, its CEO and Chairman in the year 1994 and subsidiaries operates on forex, futures, options, stock, ETF, CFD exchanges and bonds worldwide. One of the largest subsidiaries of the company is Interactive Brokers LLC, a broker-dealer in US, which was founded in 1993 and its other subsidiary is Timber Hill LLC, market maker in US since 1982. The company is mainly regulated by US financial Induatry and Regulatory Authority, US Financial Services Authority, and US Securities and Exchange Commission. As of 2013, the company earned revenue of $ 1 billion and net income of $417.6 million.
8. OANDA
OANDA is a foreign exchange co. from Canada, which provide services like Online retail foreign exchange trading (Forex), forex information, currency transfer and currency conversion. In US, it is considered as non-bank FCM (Futures Commission Merchant) that has specialized in trading spot forex and is registered with Commodity Futures Trading Commission (CFTC) and also a member of National Futures Association.
The company was established in 1996 by Richard Olsen, The Olsen Ltd. a leading research & development firm and Michael Stumm, professor at University of Toronto. In 1996, its US subsidiary, OANDA Corporation was opened in Delaware, to provide live currency details through online access. At the start, the company website provided free tools for currency conversion, historical data tables, multilingual interface for analysis and news. In 2013, Edmond Eger III was appointed as the CEO of the company.
7. GMO Click Securities
GMO Click Securities Co. Ltd. or Jiemu Oh click securities, Inc. is company providing internet securities in Japan.
The company was established on 28th October 2005. The company is mainly into stock trading, Futures and options trading, Foreign exchange margin trading, e-warrant, CFD and insurance. The company is registered in the Hong Kong and focuses mainly on Japanese market and has a very little existence in any other country. In Japan, a very low leverage is allowed, maximum of 25:1, due which trading volume of the broker decline the previous year. It is subsidiary of GMO click holding, having 100% shareholding and as of 2013; it had a capital of 4.3 billion.
6. Forex.com
Forex.com is the name used by GAIN Capital for the purpose of trading. GAIN Capital Holdings, Inc. is a financial service co. in America. The company has its headquarters in New Jersey and specializes mainly in online trading since 1999. The other services provided include foreign exchange, CDFs and products for institutional and retail investors. The company went public in 2010 and was traded at New York Stock Exchange.
The company was established in 1999 as GAIN Capital Group. In 2004, FOREX.com was launched by the company for customer trading of foreign exchange market (forex). The website provides support and educational materials and facilitates trading. The purpose of the website was to help customers who can their own decisions for investment but have less experience in foreign currency trading. The key people of the company include Glenn Stevens as CEO, Nigel Rose as CFO, Samantha Roady as president, Jeff Scott as COO and Mike Lear as CIO. The brands under which company function are GTX, FOREX.com, City Index Group, Daniels Trading and Galvan research and Trading.
5. IG Markets
IG Group is a company that provides financial derivative trading like CFDs and financial spread betting. The majority of the activities are based in UK but has also expanded in international market. The company is listed on London Stock Exchange and is a part of FTSE 250 Index.
The company was established by Stuart Wheeler in 1974 as business of spread betting as IG Index. Its operating companies are IG Index and IG markets. IG Index is into spread betting in financial markets and binary options under UK Gambling commission. IG markets are into CFDs, which offer it in similar range in financial markets. The key people of the company include Andy Green as chairman and Peter Hetherington as CEO. As of 2015, the company has revenue of 427 million pound and net income of 131.9 million pounds.
4. HOT Forex
Also called as HF Markets Ltd., is one of the biggest forex brokers from Africa and is based in Mauritius. It is a company that has won awards for its commodities and forex broker services to both institutional and retail clients.
The company offers trading software, tools and different account types to facilitate institutional and individual customers for trading CFDs and forex online. It has grown rapidly in couple of years and became 4th biggest in world. It has successfully captured markets of Africa, Europe and Asia and can become 2nd biggest if continue to progress in the same way. The company has received awards like �Best Client Funds Protection Broker Awards� and �Best Forex Broker�.
3. FXCM
Forex Capital Markets or just FXCM is a foreign exchange broker based in America and provides its services online. It has its own trading platform but also use other platforms like Meta Trader 4. Apart from US, the company provides trading of CFDs on main indices and products like crude oil and gold.
The company was established in 1999 and was early developer of forex trading online. In 2003, the company entered in partnership with Refco group, futures brokers of US. The group had 35% stake in the company and licensed the company software for the use of its clients. The company expanded internationally and opened London office, which was regulated by UK Financial Services Authority. The company headquarters are in New York and has offices in San Francisco, London, Hong Kong, Paris, Tokyo, Berlin, Dubai, Sydney, Milan etc. The company has Drew Niv as its CEO and Co-founder and is mainly into foreign exchange and financial brokerage. It has total of 844 employees.
2. XM.com
Earlier it was known as XeMarket, the company is based in Cyprus and is into foreign exchange broking. It provides services through several platforms like MetaTrader 4. It is also into CFD trading on main indices and products like crude oil and gold. The company headquarters are in Cyprus and offices in Greece, Hungary, New Zealand and Australia.
The company is a subsidiary of Trading Point Holding Ltd, which was established in 2009 by Ilias Mavrommatis and Costas Cleanthous as XEMarkets and later changed it to XM.com in the year 2013. The 3 subsidiaries held by Trading Point are Trading Point of Financial Instruments Ltd in Cyprus, Trading Point of Financial Instruments Pty Ltd. in Australia and Trading point NZ Ltd. It provides its services through platforms like MetaTrader4. The company has received awards like �Best innovative Forex Product�, �Best trading Execution Broker�, �Fastest Growing Broker� and �Trading Platform with Best Execution�.
1. Saxo Bank
Saxo Bank is basically an investment bank in Denmark. The products offered by the company are Investment banking, online trading, trading platform and investment. The headquarters of the company are in Copenhagen.
The company was established in 1992 by Lars Seier and Kim Fournais, having majority stakes. A minority stake in the company was bought by General Atlantic for $30 million. Later the same stake was purchased by TPG Capital in the year 2011 for DKK 9.6 billion. The key people of the company are Lone Fonss Schroder as Chairman, Henrik Normann as Vice-chairman, Kim Fournais as Founder & CEO and Lars Seier as Founder. As of 2014, the company has revenue of DKK 3,006.8 million and net income of DKK 381.2 million.
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