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Forex Brokers Update — November 27th, 2016

Two new companies have been added to the list of Forex brokers this week:

TegasFX — an offshore broker (Vanuatu) with MT4 and FIX API trading accounts. The minimum is $200 for MT4 and $20,000 for FIX. Leverage can be as high as 1:200.

TegasFX

CFDTimes — another unregulated offshore broker (St. Vincent and Grenadines). Accepts a plethora of payment methods (including Bitcoin) and offers Classic, ECN, and VIP accounts. The Classic ones start at $500.

CFDTimes

Other brokers have been updated during the period:

  • FXTM removed FasaPay from its supported methods of payment.
  • Tickmill removed Exchange account type and added ECN Pro account type for commission based trading. Minimum account size is now $25. Typical spreads have become a bit higher in the Classic accounts, but the maximum leverage is now 1:500 (was 1:250).
  • Trust Capital is now regulated by the FCA of the United Kingdom.
  • XM.COM is now regulated by the Italian CONSOB.
  • FBS now offers free VPS service to traders with at least $450 in their live account.
  • FIBOGroup added new account type — MT4 Cent — with $1 minimum, low variable spreads, and 1:1000 maximum leverage on Forex pairs and CFDs.
  • Mega Trader FX and Vomma Trading have been delisted as they no longer offer brokerage services.

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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