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Forex Brokers Update — April 12th, 2020

April 12, 2020 by

Another week has passed without new additions to our list of Forex brokers. As usual, some of the listed companies have been updated during the period:

RoboForex stopped accepting RBK Money payments but introduced SOFORT as a method for deposits.

SquaredDirect is now known as SquaredFinancial. The broker stopped accepting AliPay deposits but added FasaPay as a payment option. It is now regulated by the FSA of Seychelles.

RCPro ditched CashU and WebMoney payment systems.

Purple Trading increased commission for trading in their Prime accounts.

Price Markets added PAMM and MAM facilities. Stopped accepting deposits via checks. Added Skrill as a deposit/withdrawal option. Revamped its account system completely, raising the minimum account size from $2,000 to $5,000.

TegasFX added support for bank transfer deposits. Lowered minimum size for its FIX API 4.4 accounts from $20,000 to $5,000.

Swissquote stopped accepting UnionPay deposits.

Swiss Markets is now regulated also by the FSC of Mauritius (in addition to CySEC).

Saxo Bank added special conditions for VIP traders (starting from $1 million trading account balance). The broker has removed its Premium account type. It also lowered the minimum account size for Classic accounts from $10,000 to $5,000 and for Platinum accounts from $500,000 to $200,000.

If you have any questions or comments regarding any of the latest Forex brokers updates, please feel free to reply using the form below.

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