Forex Blog

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Forex Brokers Update — March 16th, 2013

March 16, 2013 by

Two new brokers to report on and some updates this week:

Boston Prime FX — a broker launched back in 2011. It is regulated by British FSA and has offices in UK and Japan. It is a MetaTrader 4 broker with a minimum account size of $10,000, which is quite high by the latest standard. Of course, their 0.4 typical spread on EUR/USD (even with $1 commission on 1 standard lot) is a nice compensation. They offer a wide array of trading instruments with maximum leverage capped at 1:200 on all of them.

Boston Prime FX

Vector Securities — a Russian MT4 broker working online since 2003. Their accounts start with as little as $20 and can have leverage up to 1:500 on both Forex and precious metals trading. Though you would have to bear with their 2 pips fixed spread on EUR/USD.

Vector Securities

And now to the updates:

  • Profiforex lowers its variable spreads significantly.
  • GFT Forex offers MT4 demo and CFD trading.
  • FxPro now offers Chinese yuan (renminbi) trading with USD/CNH currency pair.
  • ProCFD is now regulated by FSA of the United Kingdom.

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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