Forex Brokers Update — April 29th, 2017

The list of changes to the Forex brokers on looks like this for the current week:
HYCM is regulated by CySEC.
Vistabrokers reduced the maximum leverage to 1:100.
Vantage FX launched ECN accounts with $500 minimum, 1:500 leverage, and very low spreads.
Trade360 increased the minimum account size from $25 to $1,000.
FIBOGroup now accepts Bitcoin deposits (via BitPay).
RFXT completely revamped its account system.
Real-Forex removed Skrill deposit option but added wire transfer.
PaxForex now requires at least $100 to open a Mini accounts. Mini-lots are now available for trading in VIP accounts too.
TenkoFX increased the margin call and stop-out levels for ECN (MT4) accounts to 100% and 50% respectively. Maximum leverage is now 1:200 there.
TeleTrade set the stop-out level to 20% and the highest CFD leverage to 1:10.
Tallinex lowered spreads in all of its accounts. Commission for trading was increased in ECN-PRO accounts; leverage for currency trading is now capped at 1:500 there.
Synergy FX lowered the minimum size for ECN accounts to $500, increasing the commission size. In Standard accounts, spread have been lowered.
STO increased the minimum account size from $20 to $100. Pro accounts now require only $10,000 and charge lower commission for trading. Maximum leverage on AFX Fast accounts was lowered to 1:100.
UMOFX lowered maximum leverage for Standard accounts from 1:500 to 1:400. Introduced commission for trading there. Margin-call level there is now 50%. ECN accounts can now be opened with $500. Margin-call and stop-out levels were set to 100%/50% for ECN accounts.
TurboForex increased the minimum size for Standard accounts from $500 to $1,000 and for Mini accounts from $50 to $250.
Vector Securities launched an ECN account type with $100 minimum, micro-lots, and 1:500 leverage.
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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