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Forex Brokers Update — July 21st, 2013

July 21, 2013 by

For the fifth week in a row, there is not a single new company to report about, but this time there are six brokers with significant updates to their listing profiles:

MyTrade Markets now offers a Chinese-language websites to its visitors.

Ava FX rebranded to AvaTrade. No longer supports Greek, Swedish and Turkish websites.

LiteForex completely revamps its account type system. Now offers six account types with a minimum from $1 to $25,000 and maximum leverage ranging from 1:100 to 1:1000.

FBS is now regulated by IFSC of Belize.

GKFX now claims to have offices in Italy, Mexico, Peru, Poland, France, Philippines, Chile, Czech Republic, Sweden and Japan. The only website language supported now are English, Russian and Indonesian, while user support is available only in English and Russian. Is now also regulated by BaFin, SFC (Hong Kong), CONSOB (Italy), ASIC (Australia), Finansinspektionen (Sweden), Czech National Bank and DMCC (Dubai). Deposits in British pounds are no longer supported, but Russian ruble deposits have been added instead. QIWI, CONTACT and RBK Money added to deposit/withdrawal methods. The broker now also offers trading contests. Demo MYFX accounts are no longer available. VIP conditions for reduced spreads and individual spreads are now available. GKFX no longer offers Islamic FX accounts and does not require any documents to be sent via postal mail to open an account. Minimum account size for ECN MT4 account type is now $10 (instead of $1), while the typical EUR/USD spread is down from 1 pip to 0.49 pip.

MB Trading now offers free VPS to traders with a monthly turnover of at least 10 standard lots.

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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