Forex Blog

I’ve added a very new Forex broker to the site today — Forex-Metal. Its website is still very raw and there is not very much information about this broker on the internet. But I thought that it should be listed because it has one rare feature — it supports both MetaTrader 4 platform for trading and PayPal payment system for deposits and withdrawals. It also supports WebMoney and wire transfers for billing and also offers CFD trading (as almost every MT4 broker). Of course, this broker is still very new, it’s not regulated and it has no reputation, but it may be an interesting opportunity to start trading Forex. Anyway I don’t recommend depositing too much funds in Forex-Metal before it becomes more reputable.

A new Forex broker was added to the list of PayPal Forex brokers on my site today — GFS Forex & Futures. Apart from having the long name and accepting PayPal as one of the funds transferring methods this broker can boast being a registered member of NFA and CFTC.

GFS Forex & Futures offers a custom Forex trading platform — OperaFX Pro. To start trading with them you’ll need to open either a mini account with the minimum of $500 or a standard account with a minimum of $10,000. Leverage is 1:100 for standard accounts and 1:200 for mini accounts.

FxPro is a relatively new MetaTrader Forex and CFD broker, which I’ve found out recently. I’ve seen the ad for this broker on some cable channel and decided to check it out on-line. Not many Forex brokers advertise on TV nowadays, so I was kind of interested. What I really didn’t like a lot about FxPro was their website — speaking flash marketers isn’t something I expected from the good user-friendly website. Some of the site’s links didn’t work for me (FireFox 2.0.0.12) as well. They also have some funny preproduction artifact in the Trading Terms section:

FxPro has no minimum or maximum restrictions for deposits or withdrawals
NOTE: Query the above information with earlier reference US$ 100 Minimum

The broker itself is rather interesting — it offers 1.8 pips spread on EUR/USD. That’s a record for the fixed/non-ECN spread for real MetaTrader 4 accounts as far as I know. FxPro also accepts PayPal payments, which is quite rare for the MT4 brokers. It’s also registered on Cyprus and is regulated by their SEC. The minimum account for this broker starts with $100.

Long time since I’ve updated my Forex brokers section, so today is a good day to do it, IMHO. HY Markets is a rather new broker on the on-line Forex market, but they have a good and long off-line history with offices in both United Kingdom (London) and United Arab Emirates (Dubai). For their customers HY Markets offer custom web trading platform which makes trading possible from virtually any computer in the world, without downloads and installations. Mini Forex accounts available for $50 minimum deposit and 1:200 leverage. Funds can be deposited and withdrawn via wire transfer, credit cards and PayPal. My overall suggestions on HY Markets - good to start with if you don’t want to download anything and good for professionals with a lot of money for it is a reliable broker and offer better conditions for the bigger accounts.

Boston Trading and Research is a very new Forex broker which site was opened just this year. They offer reasonable trading conditions including MetaTrader 4 platform, PayPal account funding and $500 minimum account size. BTRFX also seems a reliable company, but their quite enigmatic website may turn off some traders. Boston Trading and Research is not registered with NFA, but some interested traders already made an electronic petition for BTRFX to join NFA as soon as possible:

…We therefore petition BTRFX of Boston ie (http://www.btrfx.com/contact.php and sales@btrfx.com) to do the right thing and apply for registration with the NFA! And if and when they do so, then and only then will we, the undersigned, will happily arrange to set up and open our Managed Forex Accounts with Boston Trading and Research, LLC in Boston, MA with their phenomenal forex trader!

Overall, it’s good broker for MT4 traders interested in PayPal deposit/withdraw option.

FXDD is a new broker which I added to Metatrader 4 Forex brokers and PayPal Forex brokers categories. It is present on the on-line Forex trading services market since 2002. But nevertheless it is still unregulated and is not registered with any major financial regulatory organization. With FXDD you can open mini Forex accounts with $500 and use either MT4 trading platform or their own platforms (they have two of them). Unfortunately they don’t support e-gold, WebMoney or CFD trading.

A major update was brought to Forex brokers section today. The information was enhanced and restructured in order to be more useful to the visitors and at the same time - more organized, to let the advanced traders find brokers with unique features easily. Here is list of main new features:

1. PayPal Forex brokers section added.
2. Forex brokers reviews added - read others’ reviews and write your own reviews!
3. Forex broker rating system added - rate your favorite broker or show others a broker that you dislike!
4. Information on all brokers is now neatly structured.

Hope you enjoy this update! If you find some bugs or if you have any good ideas to enhance Forex brokers information presented on this site even further, don’t hesitate to leave a comment here. And don’t forget to review and rate your Forex broker!

Royal Forex Trading is a relatively new broker that started its services in the end of 2006. It supports Metatrader 4 trading software, but it has not many features to attract Forex traders - $300 minimum deposit (which is not very low compared to some other brokers) and the fact that it is regulated by NFA and CFTC (which can mean a lot to some people, while be insignificant to others). To start trading with them you’ll need to deposit money with one of the following ways: PayPal, BPS, Wire Transfer, credit cards or check.