Forex Brokers Update — June 9th, 2013

This week has brought one new broker:
Alpha Trading — a shady company of obscure origin. The broker offers MetaTrader 4 accounts starting from $1,000 and provides floating spreads that are rather low. Despite the high minimum account size, micro-trading is enabled. Only Forex instruments (and not too many of them) are available with Alpha Trading.
Alpha Trading
Also, there were some changes to the existing listings, including removal of several companies.

  • The listings of MFN, FXM Financial Group, ForexControl and Apex FX Trading have been disabled due to prolonged unavailability of their websites.
  • LiteForex now claims ECN execution on their STP-MT4 accounts.
  • Real Trade now has offices in Estonia and Russia; closes its office in Latvia. Adds WebMoney and LiqPay to payment options. GBP, CHF, JPY can now be used as account currencies. The company is no longer regulated. Offers interest on unused balance. Their website is now available in German and Indonesian. Estonian and Lithuanian have been added as customer support languages. Latvian was removed as support/website language. Trading server’s timezone is now GMT+2. CFD trading is no longer supported. Maximum leverage has been increased from 1:100 to 1:500.
  • Capital CFDs has been removed from the list of Forex brokers as it had ceased its operation.
  • FXOpen no longer offers FASS Standard and FASS ECN account types. Minimum position size for Micro-account is now 0.001. RBK Money is now supported for deposit/withdrawal.

  • 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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