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Forex Brokers Update — April 29th, 2017

April 29, 2017 by

The list of changes to the Forex brokers on looks like this for the current week:

HYCM is regulated by CySEC.

Vistabrokers reduced the maximum leverage to 1:100.

Vantage FX launched ECN accounts with $500 minimum, 1:500 leverage, and very low spreads.

Trade360 increased the minimum account size from $25 to $1,000.

FIBOGroup now accepts Bitcoin deposits (via BitPay).

RFXT completely revamped its account system.

Real-Forex removed Skrill deposit option but added wire transfer.

PaxForex now requires at least $100 to open a Mini accounts. Mini-lots are now available for trading in VIP accounts too.

TenkoFX increased the margin call and stop-out levels for ECN (MT4) accounts to 100% and 50% respectively. Maximum leverage is now 1:200 there.

TeleTrade set the stop-out level to 20% and the highest CFD leverage to 1:10.

Tallinex lowered spreads in all of its accounts. Commission for trading was increased in ECN-PRO accounts; leverage for currency trading is now capped at 1:500 there.

Synergy FX lowered the minimum size for ECN accounts to $500, increasing the commission size. In Standard accounts, spread have been lowered.

STO increased the minimum account size from $20 to $100. Pro accounts now require only $10,000 and charge lower commission for trading. Maximum leverage on AFX Fast accounts was lowered to 1:100.

UMOFX lowered maximum leverage for Standard accounts from 1:500 to 1:400. Introduced commission for trading there. Margin-call level there is now 50%. ECN accounts can now be opened with $500. Margin-call and stop-out levels were set to 100%/50% for ECN accounts.

TurboForex increased the minimum size for Standard accounts from $500 to $1,000 and for Mini accounts from $50 to $250.

Vector Securities launched an ECN account type with $100 minimum, micro-lots, and 1:500 leverage.

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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