UFXBank was added to the Forex broker list on my site today. It’s U.K./Cyprus Forex broker with a custom web-based trading platform, which supports some basic charting. The main problem with this broker is that they don’t offer any demo accounts and the new traders should deposit at least $500 to try trading through their platform. Other features of UFXBank:
4 pips spreads on EUR/USD
1:200 leverage
Gold trading
Electronic payments: WebMoney, Moneybookers and PayPal
If you have any questions or comments regarding UFXBank broker, please, feel free to reply below.
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
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:
Wall Street Brokers is the new on-line Forex brokerage company that was added to the Forex broker list on my site today. It’s a somewhat strange broker that is registered in the United States but isn’t regulated by any institution there. It went on-line in 2008. Other highlights of this broker:
Forex, CFD, gold, silver, oil and futures trading
Credit card, Moneybookers or wire transfer for deposits and withdrawals
Automated trading with signals subscriptions (at a cost of 1 pip per trade)
3 pips spreads
Micro accounts from $10 and 1:500 leverage
Muslim-friendly accounts (actually ALL accounts bear no overnight interest)
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
EMPFX is a newly listed Forex broker on my site. It’s operated by the Swiss company E-Money Power Ltd and offers its services on-line since 2007. EMPFX has the very low spreads — 1 pip on EUR/USD and some other major currency pairs and a fixed leverage at 1:200. The trading is performed via their custom stand-alone trading platform (unfortunately it’s no MetaTrader 4). The minimum deposit to start trading with this broker is $300 and the methods of funds transfer include Moneybookers, credit card, check and wire transfer. The Muslim-friendly accounts are available for those who don’t want to pay or receive the overnight interest rates on the open positions. For those who prefer to invest rather than to trade, the managed Forex accounts are available.
FX|Clearing is a MetaTrader Forex broker based and registered in Canada. It’s offering its services on-line since 2007. The broker offers very competitive conditions for the mini- and micro-Forex trading with the high levels of leverage, 1 pip spreads and no-swap policy for such accounts. The accepted payment methods include Moneybookers, PayPal and wire transfer, while the minimum accounts size is $10. A rather suspicious thing about FX|Clearing is that they don’t accept U.S. and Canadian citizens because they don’t have the proper license which is required by the Canadian laws to provide Forex trading services to the citizens of this country.
Great Britain looks to be rich on Forex brokers (probably, because of slightly less hard regulatory environment than U.S., but with great financial possibilities which London City possesses). IG Markets is Forex broker which started as a CFD broker and then added spot Forex trading to its on-line services. You can trade using both java platform and standard downloadable program. But with IG Markets you are limited to 1:50 leverage. The minimum to start trading with them doesn’t bite – moderate $200. Except standard ways of money deposit/withdrawal (bank wire, credit card, check) Moneybookers is also available.
