Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders

Archives

Forex Brokers Update — April 2nd, 2017

April 2, 2017 by

Yet another week has passed without new brokers listed on EarnForex.com. Significant updates to the listed companies are described below:

Whaleclub expanded its list of trading instruments by adding ETH/USD, USD/CNH, USD/MXN, USD/TRY, Gold/EUR, Silver/EUR, Gold/Silver, Natural Gas, US bonds, Russell 2000 index, and the stocks of Goldman Sachs, J.P. Morgan, and Snap, Inc. Maximum leverage for FX trading has been increased to 1:200.

Membership in Association of Forex Dealers (Russia) is now properly mentioned for Finam, TeleTrade, Libertex (ex-Forex Club), and Alpari.

CySEC has suspended the CIF license of Traders Trust for violation of regulatory laws regarding the size of own capital.

Dukascopy has lowered its minimum account size from $100 to $20.

Orbex no longer charges commission for trading in any of its account types.

Windsor Brokers opened offices in China and Poland.

FirewoodFX launched micro accounts with $10 minimum and relatively high fixed spreads.

FX Giants increased the minimum size for micro accounts from $100 to $500.

FX Dana reduced the stop-out level from 80% to 30%.

FX Choice renamed its STP accounts to Classic, and ECN — to Pro. Increased the number of currency pairs available for trading in the latter from 28 to 38.

FreshForex increased its minimum account size to $200. Spreads in the Classic accounts are now fixed. Maximum leverage has been increased from 1:500 to 1:1000. You will now need $2,000 to open an ECN account with this broker.

Formax increased the minimum size for its ECN Raw Spreads accounts from $1,000 to $5,000 and also added $3 one-way commission there. Spreads are now variable in this account type.

Forex.ee lowered the minimum size for its STP accounts from $100 to $50.

Forex Broker Inc. has been delisted as it no longer offers brokerage services.

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

Leave a Reply

required
required (will not be published)