Money Rain Corporation is a Forex broker with a MetaTrader 4 platform that offers quite interesting conditions to its traders. Its description was uploaded to my site today. MRC offers trading mini accounts from $100. The most interesting advantage it has is the interest on the trade balance, which is quite generous. Trading accounts can be kept in several currencies — the yearly interest rate depends on the account’s currency and it’s quite close to the refinancing rate set by the central bank of the given currency. Other highlights of Money Rain broker include:
1-3 pip spread on EUR/USD; depends on the account type.
Deposit funds via WebMoney, wire transfer and credit card.
Trade Forex, CFD, commodities and precious metals.
Another Forex broker that offers a technically easier start for the new Forex traders was added to my Forex broker list today — Forex4you. Although they claim to be on-line since 2007 I’ve never heard about this broker until several days ago, but they look worth looking at. It’s a MetaTrader 4 broker with very easy starting conditions. You only need $1 to open a real trading account and you can trade with the volumes as low as 0.0001 of the standard Forex lot. Other Forex4you’s highlights include:
2 pips spread on EUR/USD
Up to 1:500 leverage
Electronic payment systems accepted: WebMoney, Liberty Reserve and e-gold (a rare occurrence)
CFD trading is available
Annual interest rate on account balance — 7%, 8%, 10% or 12.5% depending on the account type
New VPS hosting company was listed on my site today — Swvps.com. It’s a rather old VPS hosting service provider that went on-line in July 2006. It has nothing special to offer for the Forex traders but it’s cheap and stable enough to make it a good choice for the MetaTrader expert advisors’ hosting. Other highlights:
Servers in both U.S. and U.K. are available
$9.95 for cheapest monthly package
PayPal, Moneybookers, Liberty Reserve and credit cards for payment
The new Forex broker that was listed on my site today — StartForex — doesn’t offer free demo accounts so it’s name looks kind of strange to me. Perhaps, that’s a temporary issue with them and they will start offering free demos for all traders in the future. Their website also behaves strangely, making the web browsers work extremely laggishly. Other features of StartForex:
$100 minimum account size with up to 1:400 leverage
Both MetaTrader 4 and browser-based trading platforms
Deposit bonus
Unregulated
Islamic accounts for Arab traders
Update: They turned out to be a bucket-shop — they earn only when their traders lose, like in casino.
I added a new broker to the list on the site today — FXM Financial Group. This Metatrader Forex broker is on-line since 2007 and is regulated by the German bank, while itself is based in Costa Rica (a weird mix, in my opinion). Some features of this broker:
ellict is the Indonesian MetaTrader VPS hosting company active on-line since 2007. I added to the list of VPS providers on my site today. It provides pre-installed MetaTrader platforms for any Forex broker you choose and doesn’t limit your monthly bandwidth for the platform. It’s also very cheap — just $32.50/month. Other ellict’s highlights include:
JFOC is the first VPS hosting provider which description has been added to my site since I created a special section for the MetaTrader VPS hosting companies. JFOC is an Indonesian hosting company, which provides servers in the United States. JFOC’s highlights include:
Unix-based OS on the servers
PayPal as a payment system
Starter’s plan from $38
Additional fees for domain or a dedicated IP address
4XP (or Forex Place) is the latest addition to the list of the Forex brokers on my site. It’s the MetaTrader 4 Forex broker registered in British Virgin Islands and only recently went on-line with its services. 4XP’s highlights:
Moneybookers, Neteller and EcoCard for deposits and withdrawals
Gallant FX is U.S. Forex broker, which is registered with the National Futures Association and operates on-line since 2006. Although for the first two years they were just an introducing broker for the other companies, since 2008 Gallant FX offers their own Forex trading services. They offer MetaTrader 4 platform and provide a free Forex VPS service for their customers, allowing them to host MT4 expert advisors on the special virtual private servers, where they can run uninterrupted and securely. Because Gallant FX is based in U.S. and is primarily aimed on the U.S. customers they don’t offer CFD trading (which is illegal in U.S. anyway). This broker allows mini-Forex accounts starting from $500; the leverage can vary up to 1:400 and the spreads are quite average — for example, 2 pips on EUR/USD. The only real problem with this broker is that they don’t accept payments or withdrawal requests through any electronic payment system and offer only wire transfer and checks.
Taurus Global Markets is the latest Forex broker addition to the list on my site. It’s a rather new MetaTrader broker that is present on-line since 2007. Like many other MetaTrader brokers it’s not regulated by any serious financial authorities and is registered in the offshore zone — Bahamas in this case. The lack of regulation can be seen as a serious disadvantages by some traders but others prefer such brokers because of some other (rather obvious) advantages of the offshore companies. Like many other such brokers Taurus Global Markets (or simply TGM) offers also CFD (Contracts For Difference) trading. Another advantage of this broker is that it’s Muslim-friendly and offers accounts with no overnight interest by request. The disadvantages of TGM are the high minimum account size, which is $5,000 that can be transfered only using the wire transfer and the minimum trading volume of one standard lot (so, no mini-trading is allowed).
