Forex Brokers Update — October 15th, 2016

Two new companies have been listed during the first two weeks of October:

CIBFX — an offshore broker (Vanuatu) with MT4 platform and a great number of markets available for trading. Accounts start at $50.

Formax — an FCA-regulated Forex broker with MT4 platform and ECN only account types. Their minimum account size is $1,000.

Some of the listed companies have been updated:

• easyMarkets has reduced its range of account types to just two. The minimum size for VIP accounts has been reduced to $5,000; the maximum leverage is now 1:400 there.
• Plus500 is now regulated by ASIC.
• FXCM, Real-Forex, Plus500, and AvaTrade become the first Forex brokers licensed by the Israel Securities Authority.
• PFD added PFD Pro (MT4) account type with $1,000 minimum size, 1:100 leverage, and lower commission size. The broker now supports MAM (multi-account management).
• FXGM increased its minimum account size to $200. Expert advisors are no longer allowed in Standard accounts. The maximum leverage for Standard accounts is down from 1:400 to 1:200.
• ForexTime (FXTM) now supports deposits via MyPay.
• Forex Club acquired a broker’s license from the Bank of Russia.

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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