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Forex Brokers Update — October 5th, 2013

October 5, 2013 by

This one is a giant update for the last five weeks — six new brokers and numerous updates to companies:

Price Markets — a straightforward Forex broker with a well-designed website and regulation in the United Kingdom. Minimum account is just $1, and MetaTrader 4 platform is supported:

Price Markets

Infinity Space Inc — an offshore (yet regulated) company with $10 minimum account size and a joke of a website. They also offer a proprietary trading platform FXTroll, which is interesting but, unfortunately, lacking any significantly attractive features to be a serious competition to MetaTrader:

Infinity Space Inc

XGLOBAL Markets — regulated by multiple European authorities, this broker is based in Cyprus and offers low-minimum MT4 accounts. Maximum leverage is not too high (1:200), but the variable spreads are quite low too (at 1.2 pip average for EUR/USD):

XGLOBAL Markets

NSFX — a regulated Maltese company with MT4 Standard and ECN accounts. The minimum (for Standard) is $300. No other trading instruments except currencies are offered:

NSFX

FIPFX — yet another MT4 Forex broker, but this time it is based in the United States and is registered by NFA. This also means that the leverage is capped at 1:50 and there are no CFDs trade. The minimum account size is $300:

FIPFX

Core Liquidity Markets — is an interesting new FX broker, headquartered in Australia and regulated by ASIC. Like the majority of its peers, it offers MetaTrader 4 platform but has more variety in account types and trading instruments. Minimum account with this one is $250, but it offers ECN execution for that amount:

Core Liquidity Markets

  • XEMarkets is now known as XM.COM. They no longer support Mirror Trader. Became regulated in New Zealand and now offer support in Swedish language.
  • Grand Capital removed its Chinese version of the website.
  • TFIFX adds Chinese website.
  • AAAFx adds Arabic website.
  • FBS increased its maximum leverage from 1:500 to 1:1000 for currencies and previous metals.
  • 3TG Brokers now accepts deposits in EUR, GBP, CHF and JPY.
  • Axiory opens office in Czech Republic, closes ones in Malta and Seychelles. Becomes regulated in Belize. No longer accepts credit card deposits. Does not offer bonuses or free education. Lowers average spread a bit.
  • IronFX opens office in Azerbaijan.
  • Mayzus now accepts PayPal for deposits and withdrawals.
  • Spread Co adds MT4 support.
  • Saxo Bank introduces trading in EUR/ILS (euro vs. Israeli new shekel), XAU/TRY (gold vs. Turkish lira), XAU/THB (gold vs. Thai baht), XPT/ZAR (platinum vs. South African rand) currency pairs.


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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