New Forex Brokers
New Forex brokers often offer rather attractive conditions to traders. Trying to beat their older competition they usually start with a lot of bonuses, contests and rebates. Many traders prefer to go with the new currency brokers, before they grow up enough clients to become unresponsive and slow on support. If you seek the list of the newest Forex brokers — the ones that only recently have started to offer their trading services online — you may stop your searches here. This list presents only those companies that launched their Forex websites in 2019 and 2020. You will find 7 brokers listed in the table below.
| Forex Broker | Min. Account Size | Broker Rating | Min. Position Size | Payment | Max. Leverage | Serious Regulation | Spread | US |
|---|---|---|---|---|---|---|---|---|
| CryptoRocket | $10 | - | 0.01 | 1:500 | ||||
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| ITRADER | $100 | - | 0.01 | 1:200 | ||||
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| TIOmarkets | $1 | - | 0.01 | 1:200 | ||||
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| Trendex | $500 | 10 | 0.1 | 1:400 | ||||
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| PrimeXBT | BTC1 | - | 0.01 | 1:1000 | ||||
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| XBTFX | $1 | - | 0.01 | 1:500 | ||||
| AMP Global | $100 | - | 0.01 | 1:50 | ||||
Traders often shun freshly created brokerage companies. But even trading with a new broker can be justified:
- You wish to benefit from various promotions and bonus offers that are common on new brokers' launch.
- You want to enjoy a very responsive customer support service as there will not be to many traders to keep it busy.
- Their trading servers may also be much more responsive than the overloaded servers of the old and established brokers.
- If you plan to deposit a huge amount of money, you can try dictating your own conditions to a new broker, which will do its best to keep big clients.