Forex Brokers Update — March 16th, 2013

Two new brokers to report on and some updates this week:
Boston Prime FX — a broker launched back in 2011. It is regulated by British FSA and has offices in UK and Japan. It is a MetaTrader 4 broker with a minimum account size of $10,000, which is quite high by the latest standard. Of course, their 0.4 typical spread on EUR/USD (even with $1 commission on 1 standard lot) is a nice compensation. They offer a wide array of trading instruments with maximum leverage capped at 1:200 on all of them.
Boston Prime FX
Vector Securities — a Russian MT4 broker working online since 2003. Their accounts start with as little as $20 and can have leverage up to 1:500 on both Forex and precious metals trading. Though you would have to bear with their 2 pips fixed spread on EUR/USD.
Vector Securities
And now to the updates:

  • Profiforex lowers its variable spreads significantly.
  • GFT Forex offers MT4 demo and CFD trading.
  • FxPro now offers Chinese yuan (renminbi) trading with USD/CNH currency pair.
  • ProCFD is now regulated by FSA of the United Kingdom.

  • 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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