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Forex Brokers Update — May 23rd, 2015

May 23, 2015 by

No new brokers have been added during this update but the following changes have been made to existing listings:

RoboForex now accepts bank deposits in Chinese yuan.

FIBOGroup closed office in Australia. Added offices in Austria, Cyprus, Germany, Chile, and Singapore. Added CONTACT, Neteller, and Yandex.Money payment systems, but removed FasaPay, OKPAY, and QIWI. Demo accounts are no longer limited. Added MT5 demo. The broker is now regulated by CySEC and FSC of BVI. Chinese website and customer support service are now available. Increased minimum account size in MT4 NDD account from $50 to $300. Also, increased spreads slightly and maximum Forex leverage from 1:100 to 1:400. Gold & silver leverage is now capped at 1:100 instead of 1:50. The number of currency pairs for trading is now lower.

Profiforex now supports UnionPay payments, personal managers and segregated accounts. Demo trading account lifetime extended from 14 days to 21 day. Launched Chinese and Russian websites. No longer offers trading contests. No longer offers customer support service in Chinese. Disabled support service via phone line. Added more trading instruments to Micro and Standard accounts. Increased spreads in Standard account. Now allows scalping, hedging, expert advisors in both account types.

FXDD added new account type — FXDD Trading, which is provided by a separate company registered in Bermuda. It has higher leverage (1:500 for currency pairs) while other conditions are very similar to their normal Mini account type.

FXMoneyWorld lowered minimum account size from $250 to $100.

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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