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Forex Brokers Update — December 18th, 2016

Two new brokers have been added this week:

Fortrade — a regulated UK broker with a proprietary trading platform and $500 account minimum. The fixed spreads are quite high while the maximum leverage for FX trading is 1:200.


1Broker — one of the oldest Bitcoin brokers. It is operated by an offshore company. Deposit and withdrawal work only in BTC. Forex trading is provided via a light-weight proprietary web-based platform that offers a maximum leverage of up to 1:200.


Some updates to the listed companies included:

  • FXFlat added Skrill, SOFORT, and UnionPay deposit options and also offers GBP accounts now. Moved from the British regulatory framework to the German one, switching from FCA to BaFin.
  • ForexYard no longer offers website versions in Spanish, Italian, German, Dutch, and French.
  • FIBOGroup now works with Skrill payment option.
  • ForexChief is now “regulated” by Ministry of Finance and Economic Management of Vanuatu. The broker began accepting Skrill payments and stopped working with Yandex.Money for that purpose. It also no longer conducts trading contests. Its website is now also available in Indonesian.

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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About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

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