Forex Blog

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


Forex Brokers Update — March 22nd, 2020

March 22, 2020 by

Two new brokers have been added to the list of FX companies on our website during this week:

Scandinavian Capital Markets — a regulated Forex broker from Sweden (authorized by the FSA) with MetaTrader 4 and cTrader platforms. Their minimum account size is $10,000 but they offer high leverage trading (up to 1:100 on Forex). It is the first Forex broker headquartered in Sweden to be listed on our website.

Scandinavian Capital Markets

eXcentral — a regulated European broker (CySEC) with $250 minimum account size and rather high spreads. The only offered trading platform is MetaTrader 4. The broker provides trading services in multiple instruments, including cryptocurrencies.


We have also updated some of the previously listed brokers:

  • InstaForex added AliPay and SOFORT to its deposit/withdrawal methods.
  • iFOREX (Vestle) now offers trading in EOS/USD crypto pair.
  • IFC Markets no longer works with payments via Western Union.
  • ICM Capital added account types for lower (and even zero) spreads.
  • HYCM is now regulated by the Cayman Islands Monetary Authority. Added supports for trading accounts in Canadian dollar, euro, and Great Britain pound. Lowered minimum account size for RAW accounts from $10,000 to $200.
  • HotForex added FasaPay as a deposit option. Added more cryptocurrency pairs: BNB/USD, BCH/USD, EOS/USD, XMR/USD, and XLM/USD.
  • Hantec Markets now accepts deposits via UnionPay.
  • IronFX lowered minimum account size for Premium account type from $2,500 to $1,000. Accounts in Hungarian forint and Russian ruble are no longer supported. Instead, the broker introduced trading accounts denominated in Bitcoin.
  • Imperial Global Markets were delisted as they apparently had stopped operating.

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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