Forex Blog

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


New Broker and Good News from LiteForex

December 16, 2007 (Last updated on December 3, 2009) by

I’ve updated the brokers section adding another Muslim-friendly Forex broker that doesn’t charge or give any overnight interest over the open positions. While being crucial to Muslim traders this quality can be useful to other traders that prefer positions with negative overnight interest. GCI Financial is not a new Forex broker, it operates since 2002, which is rather old for the on-line brokers. GCI Financial also supports PyaPal as an account funding method with the minimum Forex trading account size starting from $500.

Some good news from LiteForex broker came on Friday — the cost of CFD trading has been lowered twice. Now the commission on opening a CFD (NYSE stocks contracts for difference) position is 0.05% only, which is below the average level of other CFD Forex brokers:

Dealing centre LiteForex has always tried to provide the best trading conditions for our customers and today we have just made a big step forward to it. Since today Liteforex is a first MetaTrader broker who can provide 2 times lower comission! Now it will be 0.05% only!

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