Forex Blog

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Forex Brokers Update — July 28, 2012

July 28, 2012 by

There are not too many brokers’ updates this week but two new companies have been added:

Goldstein Brokers is an unregulated broker with offices in Hungary and United Kingdom. They offer MetaTrader 4 accounts starting from just $1 and provide 1:400 leverage to traders. They support Moneybookers and bank transfer payments only:

Goldstein Brokers

MyTrade Markets is also an unregulated company but is based in Latvia/Estonia/UK. They offer a wide range of payment methods and only one trading account type with $50 minimum, up to 1:500 leverage of Forex instruments. The only platform available here is MT4:

MyTrade Markets

Now, to the weekly updates:

  • Listings of both UFXBank and Wall Street Brokers are now disabled because of a long period of their websites’ inactivity.
  • Trading Point completely changed to XEMarkets with the maximum leverage increased from 1:500 to 1:888.
  • BroCo goes out of business as the Russian police is investigating their offices.
  • RoboForex added a new trading account type — ECN-Fix NDD, which is a basic ECN account with $1,000 minimum and fixed spreads.

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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