Forex Blog

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


Forex Brokers Update — July 5th, 2014

July 5, 2014 by

New Forex broker emerged in the list of this week:

FirewoodFX — an offshore company with a pretty standard MT4 offer. Accounts start from $10, leverage is limited at 1:1000, lots can be as low as 0.01, spreads are fixed on all account types. One of their advantages is location of their trading server inside one of the fastest datacenters in the United States, which is a strange choice, considering that they do not accept US traders.


Some other updates this week:

  • RoboForex increased maximum leverage for ECN-Fix NDD and Pro-ECN accounts from 1:200 to 1:300.
  • FXtradeweb lowered minimum account size for LatentX Classic from $10,000 to $1,000.
  • Vantage FX now offers trading in XAU/AUD, XAG/AUD and USD/CNH.
  • TradeFort is now regulated by IFSC of Belize.
  • FXCM is now also regulated in Dubai, but closed its office in UAE. Opened office in Canada and closed one in Lebanon. Deposits via check are no longer supported. FXCM now offers PAMM, LAMM, managed accounts, and personal managers.
  • MFC Investment no longer accepts deposits via Skrill and debit/credit cards.
  • FreshForex added PayPal and Skrill to deposit methods. Removed QIWI, EasyPay and Liqpay.
  • FxNet lowered minimum size for Standard type from $25 to $5.
  • NetoTrade increased minimum account size for Mini from $100 to $500.
  • Blackwell Global added Neteller deposits instead of CashU and ClickandBuy.

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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