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.
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.
Latest Forex broker that got listed on my site is Alma Forex — a really easy entry-level broker that supports MT4 trading platform and cent accounts. I call it an entry-level broker because even those who believe that Forex isn’t something easily accessible can try it out by spending only several minutes and bucks. That’s a plus for the newbie traders but usually not enough for the serious professional traders. Other highlights of this broker:
Up to 1:500 leverage.
Liberty Reserve, WebMoney and AlertPay e-currency payments.
1 pip spread for trading accounts bigger than $100.
Microtrading from 0.001 standard lot.
Muslim-friendly accounts.
If you have any questions or comments regarding Alma Forex broker, please, feel free to reply below.
Update: I’ve forgotten to mention that they prohibit trading with EAs, thus making their MT4 platform quite useless to many traders.
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
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:
What I like about the unregulated Forex brokers (registered in the offshore zones) is that they aim on the non-U.S. and non-Canada traders, offering multilingual websites and user support service. AL Trade is one of such brokers. Like many of the similar on-line brokerage companies it provides MetaTrader 4 platform and the ability to deposit and withdraw funds via WebMoney. Although, I’ve found this broker quite recently it’s active on-line since 2004. As with many other MT4 Forex brokers it allows mini-trading (0.1 lots) and has a reasonable spread (2 pips on EUR/USD, for example). To open a trading account with AL Trade you’ll need at least $200 (for mini-trading) or $1,500 (for standard trading); the leverage ranges from 1:25 to 1:200. This broker is also good for CFD traders as it supports not only U.S. stock markets but also some European stocks.
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.
FXCH or Foreign Exchange Clearing House is a Forex broker located in Switzerland. Unlike many other European brokers it’s not multi-market and offers only Forex trading services. It went up on-line in 2004. The most distinguishing features of FXCH, in my opinion, are the leverage of 1:500 and the low spreads (1 pip on all majors) — the extremely nice conditions for the risk-hungry Forex traders. The trading is done via MetaTrader 4 platform and there is no overnight interest on the open positions, which makes this broker Muslim-friendly. The minimum account size is quite high — $2,000; the funds can be transfered via WebMoney, AlertPay or bank wire. The residents of United States are not allowed to open the trading accounts with FXCH.
Admiral Markets is a MetaTrader Forex broker with additional options for CFD and futures trading that is present on-line since 2002. Although it claims to be based in the United Kingdom, they don’t list any U.K. office address and they are not regulated by Britain’s FSA. The offices in many other countries are listed. The convenience of the Admiral Markets is not limited to the MT4 trading platform and extends to its payment methods (WebMoney and bank transfer) and leverage (from 1:10 to 1:200 with micro-trading available). The regular demo-trading contests with the real money prizes are also available for all the traders.
