Forex Blog

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


Forex Brokers Update — September 1st, 2012

September 1, 2012 by

Three new Forex brokers have been added to during the last week of August:

Armada Markets — an unregulated Estonian Forex broker with MetaTrader 4 accounts starting at $100 and with a really low spread on EUR/USD. A good choice for scalpers as scalping is allowed.

Armada Markets

MahiFX is a UK-based but Australia-regulated broker famous for its You vs. John Paulson viral ad. Unfortunately, there is little they can offer to their clients except for the low spreads. Their custom web platform is far from perfect. Leverage is limited to 1:50, account can be opened with $50 and even lots of one currency unit can be traded.


Atlantic FX — an offshore (Panama) ECN FX broker with $1,000 minimum account size and two trading platform to choose from: MetaTrader 4 and ActTrader.

Atlantic FX

If you have any questions or comments regarding any of the latest Forex brokers updates, please feel free to reply using the form below.

4 Responses to “Forex Brokers Update — September 1st, 2012”

  1. Jeff

    I wonder how many trades these brokers get for one currency unit? lol probably none, everyone has more than $.02 of margin to post…


  2. Scube Media Solutions

    MahiFX is offering with very less deposit.
    MahiFX is good for trading with low deposit amount and also with good features like One-click trading, Browser-based platform, etc..
    MahiFX is providing Demo account to know that how this broker works. It will be helpfull to learn how to trade with this broker by using Demo Account.
    Provides Good user Interface.


    admin Reply:

    Demo and good interface is provided by 99% of brokers. Low trading minimum amount is available with other brokers but with a better trading platform (MT4 or MT5, for example).


  3. Michele McDermott-FOx

    Thank you for this opportunity to respond to your site and readers’ comments.

    MahiFX is actually a New Zealand based company with offices in London, UK. Because New Zealand does not have a Forex financial services regulator, the company, headed by New Zealander David Cooney, voluntarily applied for registration and regulation by The Australian Securities and Investment Commission (ASIC), Australia’s corporate, markets and financial services regulator.

    Since launching in February of this year, MahiFX has continually engineered the platform to incorporate new features based on our vision and client feedback. We have recently introduced new and enhanced indicators, overlays and trend lines along with charting components to enable traders to zoom, draw and trade directly on interactive charts. This past month has also seen the launch of new customisable viewing options that allow for simultaneous trading and viewing of multiple currency pairs, same screen viewing and direct editing of Stop Loss and Take Profit within the blotter for each trade, and a new Analysis view that plots news and economic events directly on the charts. We have also introduced gold and silver as an asset class.

    We don’t believe that the opportunity to enter the Forex market should be confined only to investors with considerable capital. Our intent is to create a level playing field for all users, no matter what their deposit size and also thereby enable traders of all levels of experience and expertise to participate in the FX arena. And in terms of limiting leverage to 1:50, we believe this is an adequate and responsible level that allows for maximising your returns on profitable trades while mitigating losses if a trade moves against you.

    From the outset our aim has been to evolve the platform to be the forex trading platform of choice for retail traders, offering institutional level technology and pricing. If you haven’t tried our platform recently, we would like to invite you back to try out the demo. Let us know what additional features you would like added to the platform and we will endeavour to integrate that technology.


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