Forex Brokers Update — April 24th, 2016

The last three weeks have seen some numerous updates to the existing brokers but only one addition of the new company to the list of brokers on
TradeWiseFX — an offshore broker from Saint Vincent and the Grenadines with classic and ECN account types. Both are based on MetaTrader 4 platform and have $25 minimum size.
Updates during the period include:

  • AMarkets no longer has offices in the USA, Singapore, and the UK. Opened office in Malaysia. Added Skrill payment option. Launched LAMM service and managed accounts. Robotix account type is no longer available. Classic accounts now have much lower spreads. Minimum size for ECN accounts is down from $5,000 to $1,000; traders can also operate in gold, silver, stocks, bonds, and ETFs via ECN accounts.
  • Vinson Financials no longer supports PayPal. There is no longer any limit on demo accounts. Customer support in Finish, Hindi, and Urdu is no longer provided. In Advanced Diamond account type, the spreads have been increased slightly. Classic VIP account type now requires $5,000 minimum instead of $10,000, but expert advisors are no longer allowed. Classic Pearl accounts no longer support EA trading too.
  • FxPro lowered its maximum leverage for Energy trading instruments (like oil and natural gas) from 1:200 to 1:100.
  • Core Liquidity Markets launched Chinese website and disabled their German version.
  • FX Choice no longer offer Arabic version of its website.
  • Bolmax Management stopped offering phone trading and free education. Launched a Russian language version of its website. ECN VIP account type now has fixed spreads. Scalping is now allowed on Standard accounts.
  • Forex Club became regulated by the National Bank of Belarus.
  • Tickmill added a range of support methods — phone, callback, live chat, and Skype.
  • CommexFx has been delisted as its website does not seem to be active as of now.

  • 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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