SwissDealing is a new Forex broker with a unique business model that offers the no-deposit account with a free $100 to trade with. In fact, currently, you can’t deposit anything to your account even if you want to, unless your balance is negative. You are given $100 initial balance, which you can use to trade with 1:100 leverage and any single trade volume (down to 1 currency unit). If you run into a negative balance (which is limited by -$50) you have the opportunity to deposit funds via PayPal to cover it. Any profit you get is freely withdrawable. Other highlights of SwissDealing:
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:
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
I added a new Forex broker’s description to the site today — Plus500 — a rather new on-line broker, which is currently offering big bonus incentives for the real account traders. It offers $20 as free bonus (can’t be withdrawn until certain amount of lots is traded) on an account opening and also up to 30% on your first deposit (upon trading a certain amount of lots). Other Plus500’s highlights:
BroCo is Russian Forex broker, which is also registered and licensed in Mauritius. Founded by the people behind the three brokers — Ark World Market, Water House Capital and Golden Contract, — BroCo begins its on-line history in 2003. BroCo is a MetaTrader 4 Forex broker and it also offers CFD trading to its clients. Additional services include asset management and trading competitions, contests and bonus programs. For the funds deposit/withdrawal this broker accepts PayPal, WebMoney, credit cards and wire transfer. The trading can be performed with the leverage up to 1:200 and the lot size as low as 0.01. The spreads are at the industry-average level — 2 pips on EUR/USD.
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.
Forex Capital Trading is another Forex, broker based and regulated in Australia, that was added to my site. This broker isn’t very new — it’s went on-line in late 2006. Unlike several previous newly added Forex brokers, Forex Capital Trading doesn’t offer MetaTrader 4 platform — and it is one of its main disadvantages. Instead, this broker provides its own web-based trading platform that can be run directly from your browser, including the one in your laptop or any other kind of a mobile PC. Unfortunately, not all traders enjoy trading via the browser, especially if they can’t use their favorite expert advisors. Another problem is that this browser-based platform requires Internet Explorer or a special plug-in installed on other browsers to work properly. Forex Capital Markets offers trading accounts starting with $100 (which can be deposited via wire transfer, PayPal and credit card). The leverage is flexible and varies from 1:1 to 1:300.
