Saxo Bank wins Best Broker Award at Forex Magnates Summit

On Tuesday, leading FX industry website Forex Magnates held its annual awards ceremony at the Grange Hotel in London. All in all, 750 of the most influential figures in the forex industry were in attendance at what has come to be the most important event in the industry calendar, the Forex Magnates Summit, of which the awards are an integral part.

Saxo Bank's Kim Fournais being presented with the Forex Magnates Award for Best Broker by Michael Greenberg
Saxo Bank’s Kim Fournais being presented with the Forex Magnates Award for Best Broker by Michael Greenberg

Saxo Bank walked away with the award for Best Broker, and also scooped the prize for Best Proprietary Platform for SaxoTrader. The award was presented by Forex Magnates founder and CEO Michael Greenberg, and was collected by co-CEO and co-founder of Saxo Bank Kim Fournais.

Other big winners included Metaquotes, who won the awards for Best Retail FX Technology Provider and Best Mobile Platform, and Citigroup, which took home three awards, although these were distributed throughout their CitiFX, CitiFX Prime Brokerage, and Citibank divisions.

The process by which the winners were selected and voted for was a multi-faceted one, taking into account a number of criteria which were explained at length on the Forex Magnates website by Michael Greenberg.

The full list of awards and winners is here:

  1. Best Broker: Saxo Bank
  2. Best Retail FX Technology Provider: MetaQuotes
  3. Best Proprietary Platform: Saxo Bank
  4. Best Mobile Platform: MetaTrader
  5. Best Retail Broker Execution: FXCM
  6. Best Risk Management Provider: ThinkLiquidity
  7. Best Liquidity Provider: CitiFX
  8. Best Prime Broker: CitiFX Prime Brokerage
  9. Best Primary Bank Dealer: Citibank
  10. Best Social/Auto-Trading Platform: eToro
  11. Best Binary Options Software Provider: TRADOLOGIC
  12. Best Binary Options Broker: 24Option
  13. Best Executing Venue: LMAX Exchange
  14. Best Prime of Prime Solution: Sucden Financial
  15. Most Innovative Financial Product: SafeCharge