Forex Blog

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

Archives

Forex Brokers Update — February 27th, 2016

February 27, 2016 by

Two new companies have been listed on our website during two weeks that passed since the last update:

ForexChief — an unregulated Russian FX broker aimed on international customers. They offer different types of MT4 accounts with $1 minimum. Forex leverage can be as high as 1:400.

ForexChief

VARIANSE — a regulated UK broker with MT4 ECN accounts. The minimum to start trading is $500 ($5,000 for ECN) and the maximum leverage on currencies is 1:100.

VARIANSE

Many other brokers have been updated:

  • EXNESS is no longer regulated by Russian CRFIN. No longer supports c-gold and Yandex.Money deposits. Scalping and expert advisors are now allowed in all account types except Classic. ECN account holders can no longer trade via MetaTrader 5.
  • AvaTrade no longer support deposits in AUD and JPY. PayPal, WebMoney, Skrill, and Neteller are also not accepted. The company has office in South Africa now and is regulated there.
  • Forex4you‘s Classic (Instant) account is now swap-free.
  • RoboForex opened office in China (Dalian).
  • JustForex removed its Pro ECN account type.
  • USGFX removed Standard account type and added VIP account type. The latter is for traders with at least $50,000 trading capital. Minimum amount to open an ECN account is now $50,000 too. The spreads are now higher in ECN accounts. Minimum size for Mini accounts is down from $1,000 to $100.
  • XM.COM added XM Zero accounts with near-zero spreads and fixed commission for trading.
  • Alpari launched ECN accounts with MT5 platform.
  • Boston Merchant Financial no longer has office in India. Does not support WebMoney deposits and deposits in Australian dollars. Offers phone trading, LAMM and MAM accounts, trading contests, bonuses, and Islamic accounts. Removed account types PRO CFD and CURRENEX. Added a new account type — MT DMA with $50 minimum and 1:400 leverage. All accounts now allow scalping and micro-lot trading.
  • DF Markets now offers trading contests and personal managers. Support is provided also in Bulgarian, Dutch, French, German, Italian, Romanian, Russian, and Spanish.
  • DeltaStock is no longer regulated by AFM (Netherlands), CySEC, and FSB (South Africa). Regulated by BaFin instead. Supports phone trading, segregated accounts, trading contests, personal manager, and affiliate program. Lowered spreads in its proprietary Delta Trading platform.
  • ICM Capital now accepts deposits via Neteller. Added multi-account management and removed Forex bonuses. VPS is now free for all live traders.
  • FxPro ceased offering cMirror copy-trading platform.
  • TradeStation has been delisted as it is closing its retail FX business and is moving its customers to OANDA.


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)
optional