Forex Blog

An interesting broker with both Metatrader 4 platform for standard and mini accounts and Currenex advanced trading platform for ECN Forex trading – Swissnetbroker is a Switzerland based Forex brokerage company aiming at both retail and institutional trading services markets. Retail traders will like their MT4 platform and pretty low minimum of $200 with scalping trading style allowed, while big traders will get all the advantages of Currenex ECN platform with 0 pips spread. As for the disadvantages of this broker – only wire transfer deposit/withdraw option and quite a long account registration process.

Welcome a new ECN Forex broker aboard - Dukascopy. It is one of the most notable Forex broker, but it is generally unknown to common retail Forex traders because of its extremely high minimum account - $50,000. One of the greatest advantages Dukascopy clients get for such high requirements is the ability to trade in their Swiss FX Marketpalce - a ECN of brokers, banks and large retail traders with high liquidity and low spreads. And second - hi-end Forex trading software (with web-based Forex trading support).

A new broker was added to the institutional Forex brokers list today - ECN broker. It doesn’t match its name (at least for Forex services), because it is a market maker broker, not an Electronic Communication Network broker. You’ll still have to pay your spreads (it offers average spreads) and won’t need to pay any commissions. The main reason why I’ve added this broker is that it is a good opportunity to start trading Forex with a regulated broker that has a low minimum account amount of $200 and allows high leverage - 1:400.

I’ve added another two ECN Forex brokers which might be interesting for traders focused on scalping strategies:

• EFX Group - good for mini Forex trading, since they allow accounts from $400.
• Hotspot FX - big ECN broker for big Forex traders, no mini Forex, but excellent trading platform and services.

EarnForex.com now features 8 Forex brokers lists each containing Forex brokers with a special property making it useful to some category of Forex traders. This will help you to find a good broker that would fulfill your needs more easily. The new 8 Forex broker lists are:

• e-gold Forex Brokers
• Metatrader 4 Forex Brokers
• Forex Brokers with Web Based Platform
• Forex Brokers with Advanced Trading Platform
• Institutional Forex Brokers
• Forex Brokers with CFD Trading
• Muslim Friendly Forex Brokers
• ECN Friendly Forex Brokers

I’ve added information about ECN (Electronic Communication Network) broker - MB Trading. It’s an interesting Forex broker, which is a very good for those traders that are quite experienced in Forex trading and want to introduce themselves to ECN Forex trading (which is a kind of ‘more real’ trading). This broker has a low minimum deposit amount of $400. Some minor changes have also been brought to Forex brokers section - to Deutsche Bank FOREX, FXCM (thanks to Luis Gonzaga) and Marketiva (about withdrawal commission almost gone).