Forex Brokers Update — February 7th, 2015

Three new brokers have been added to the list of Forex companies on this week:
ExoFX — an FCA-regulted Forex broker with MetaTrader 4 platform, $500 minimum account size, and heavy focus on Forex trading. Leverage can be as high as 1:400; direct market access (DMA) accounts are also available.
FX Choice — an offshore broker with regulation done by IFSC of Belize. It offers MT4 and MT5 accounts with STP and ECN models of execution. The minimum is the same for all account types — $100.
FX Choice
ACFX — a European Forex broker with CySEC and FCA regulation, and MT4 trading platform. Minimum account size is only $5, while the leverage can be as high as 1:500. It offers a lot of different trading instruments in addition to currency pairs.
Some companies have been updated during the period:

  • RoboForex launched a new Web-based platform compatible with MetaTrader.
  • FXOpen now has offices in New Zealand, the United Kingdom, and Australia. No longer has offices in Egypt, France, Indonesia, Malaysia, and Mauritius. The company is now regulated also by ASIC. Account deposits are now accepted also in Australian dollar, Swiss franc, euro, British pound, Japanese yen, Russian ruble, and Singapore dollar. Minimum deposit for ECN/STP accounts is now $1,000 (up from $100), while the minimum position size is up from 0.01 to 0.1 lot there; the number of currency pairs in that account type has also grown.
  • XM.COM opened offices in Greece, Hungary, New Zealand, and Australia. Added new payment options: iDEAL, SOFORT, paysafecard, CashU, giropay, Moneta.Ru, and Western Union. No longer offers managed accounts and trading contests. Increased the number of offered currency pairs. Decreased minimum position size on Micro accounts to nano-lots. Increased maximum leverage for gold and silver trading to 1:888 on all accounts.
  • FreshForex now offers Islamic (swap-free) accounts and an ECN account type.
  • Multiple brokers that offer spread betting to UK and Irish citizens have been updated to reflect that.
  • Boston Prime FX has been delisted as it is now insolvent following Swiss franc market disaster.

  • 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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