It looks like September will be the first month without new brokers being listed on EarnForex.com for a long time. It seems to me that the regulatory burden is taking its toll from the number of new companies in this industry. Updates to the listed brokers this week include:
Tradeo added CFD instruments for trading. Margin call is now triggering at 200% equity level. Gold, silver, and metals are no longer offered for trading. Index CFDs can be traded with 1:200 leverage.
TempletonFX rebranded into TempleFX. Added “Advanced” account type with fixed spreads and $500 minimum size. “Algorithmic” account type no longer supports spread betting, and the maximum Forex leverage is now 1:100 there (was 1:400). ECN spreads have been lowered further. “Basic” account type can now be opened with just $50 but the typical spreads became higher.
FreshForex no longer supports deposits and withdrawals via PayPal.
If you have any questions or comments regarding any of the latest Forex brokers updates, please feel free to reply using the form below.
