Forex Blog

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Forex Brokers Update — May 22nd, 2016

May 22, 2016 by

One new Forex broker has been added to our list this week:

TraderNovo — a rather new company with an offshore registration on Marshall Islands. It offers ECN Forex accounts starting from $100, but the spreads are rather high for ECN. The maximum leverage is $100.


Updates to listed brokers this week included:

  • Blackwell Global no longer offers LAMM accounts and segregated accounts. The minimum account size for standard and institutional accounts have been increased to $10,000 and $100,000 respectively. There is no rollover interest rate on open trades in those accounts now as well. Increased the number of currency pairs for trading. Stop-out and margin call thresholds are now tighter.
  • TeleTrade and Finam acquired Forex brokerage licenses from the Bank of Russia.
  • SmartTradeFX has been delisted as its website is no longer working.

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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