Forex Blog

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


Forex Brokers Update — July 27th, 2014

July 27, 2014 by

No new brokers this time, but there were quite a few updates to the existing listings:

AForex removes its Invest Pro account type and replaces it with an all-new Direct account type. It is based on MirrorTrader platform and offers very flexible conditions for those traders who wish to participate passively in the foreign exchange market.

Alpari now accepts payments via FasaPay.

IFC Markets now offer trading in USD/CNH (US dollar vs. Chinese yuan).

Dukascopy now offers Polish zloty and Hong Kong dollar as possible choices for account currency.

Liga Forex lowered minimum account size from $100 to $1. Minimum position size was lowered from 0.01 to 0.0001. Increased the number of currency pairs from 35 to 100. Raised the maximum leverage for currency instruments to 1:1000 and decreased the maximum leverage for stocks to 1:20. The company is now regulated by FSC of British Virgin Islands.

BZ Trading opened an office in Belize and closed one in Colombia. It is now regulated by IFSC of Belize. No longer accepts payments via PayPal or credit cards. Offers demo accounts with HotSpot FX and Currenex Classic platforms. No longer offers demo MT4 accounts. Added ECN accounts.

X-Trade Brokers rebranded back to XTB. Added PayPal, Neteller and Skrill payment options. Added USD and GBP account currencies. The broker now supports PAMM, segregated accounts, personal manager, and affiliate program. Removed website versions and customer support in Czech, French, German, Hungarian, Italian, Polish, Portuguese, Romanian and Slovak languages. Added Chinese website and support. Trading server time is now GMT (was CET). Completely revamped its account type system.

ZlatFX listing was disabled due to long-term website inactivity.

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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