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Tag: russell 2000 index. (a.k.a GAIN Capital) , a global forex trading broker, today announced that its common shares trading under the ticker “GCAP” are set for addition to the Russell 2000® Index on March 31, 2011. Read more. Forex Industry News. Latest forex brokers. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website. All textual content on is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations. Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy. FBS Review. Based in Belize, FBS is an international acclaimed online forex broker that was founded in 2009. They currently serve more than 2,000,000 traders in more than a hundred different countries. Within a span of 3 years after FBS was established, the broker was recognized as the “Best Forex Broker Asia” and “Fastest Growing Broker Asia”. They also achieved recognition as having the “Best platform MetaTrader 4”. As a Belize based broker, FBS is not regulated by any government regulatory agencies in particular. Instead, FBS has opted to be regulated under the industry self regulating body called “Centre for Regulation in OTC Financial Instruments and Technologies” (CRFIN). FBS offers five different trading accounts. The Cent account requires a minimum deposit of $1 and allows you to gain the necessary trading experience on the real account with minimal risks. You can trade using any robots and strategies without any restrictions. Leverage is 1:1000 and there is a floating spread. The Micro account has a minimum deposit of only $5 and a leverage of 1:2000. Spreads are fixed at 3 pips. The minimum deposits for the Standard, Zero Spread and Unlimited accounts increase slightly till $500. The Unlimited account is an ECN account and is the closest to real market trading conditions. It has many possibilities and freedom of action for professional traders. Choices of trading account types. Extremely low minimum deposit requirement. Free deposit insurance. High trading leverage of up to 1:3000. Ultra low spreads. Lack of Trading Education. Localized support limited to email support. Trading Instruments limited to Forex and 2 metals. FXDailyReport.Com. National Flag of Republic of Cyprus. Cyprus Securities and Exchanges Commission (CySEC) is by far the most popular among the regulatory agencies around the world. The agency has a framework for regulating all types of financial services companies that set up operations in Cyprus. The CySEC was established in 2001, prior to Cyprus joining the European Union (EU) in 2004. After Cyprus joined the EU, the CySEC has become a subsidiary of MiFID, the regulatory authority in Europe. This enables CySEC members to conduct businesses across Europe. CySEC is a pioneer when it comes to establishing ground-breaking regulatory guidelines and bringing in changes in the financial markets. It is the first regulatory agency in the world to establish a regulatory framework for binary options trading, saying that it is a valid financial instrument. Many forex brokers have set up operations in Cyprus because of the broker friendly framework provided by CySEC. The country’s investor friendly approach also encourages brokers to set up corporate headquarters in Cyprus. The operations of forex brokers that set up headquarters in the country are overseen by the CySEC as per the MiFID directive. If they do not comply with the requirements of the regulatory agency, the legal action initiated against them could include payment of hefty fines and suspension of licenses. The popularity of CySEC regulated brokers can be attributed to the fact that the regulatory authority has drawn up relatively easy guidelines and established a quick approval procedure. As a result, the formalities to be met for setting up operation in Cyprus are not very extensive. Further, Cyprus was a tax haven before it became a part of the EU. This also was an incentive for companies to establish offices in the country. They could save on taxes and enhance their revenues. Top Trusted Forex Brokers Regulated By CySEC. From 2012 onwards, the regulatory agency has been consistently updating the regulatory framework in order to incorporate a number of new initiatives to safeguard consumers against financial abuse and crimes. Now it works with the MiFID to create and implement guidelines and focuses on ensuring the trustworthiness of all members that comply with their rules and regulations. Unlike the CFTC or NFA, the CySEC does not directly deal with consumer complaints. The agency CySEC deals with customers complaining about regulated members through a customer support channel. As such, a trader is expected to contact their forex broker regarding complaints and await instructions for resolution of the problem. If an amicable solution is not provided to the client, he/she can contact the Financial Ombudsman as recommended by the CySEC. A client can contact the Court as the last resort. It is very easy to verify the authenticity of a CySEC regulated broker. This is because it is mandatory that a CySEC regulated broker to display the five-digit CySEC license number on their website at a prominent place. Consumers can go through the official website of the regulatory agency and confirm the same. The CySEC also issues updates, circulars and warning notices to bring to the notice of the general public as to which of the members have been fined or their licenses revoked in view of any financial wrongdoings. Having discussed a little bit about the regulatory environment in Cyprus, here are some of the CySEC regulated forex brokers that you can consider for trading currencies. However, you must do some more research prior to deciding to working with any one of them., a trade name of Trading Point Holdings Ltd, is owned as well as operated by Trading Point of Financial Instruments Ltd, which is regulated by CySEC. It is also European Union-registered forex broker. XM has its headquarters in Limassol, Cyprus. Broker Type – DMA/STP, MM. Minimum Deposit – $5. Deposit Options: Bank Wire, Neteller, Skrill, WebMoney, Credit Card, WesternUnion, MoneyGram, SOFORT, UnionPay (China), etc. Maximum Leverage – 888:1. Minimum Lot Size – 0.01. Lowest Spreads for EUR/USD – more than 1. Plus500. Plus500 forex trading platform is provided by Plus500CY Ltd., which is a company based in Cyprus and the headquarters in Limassol. This broker is authorized as well as regulated by the Cyprus Securities and Exchange Commission. Broker Type – Market Maker. Regulation – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) Platforms – Windows Trader, WebTrader. Minimum Deposit – $100. Deposit Options: Bank Wire, PayPal, Credit Card, Skrill, etc. Maximum Leverage – 50:1. Minimum Lot Size – 0.01. Lowest Spreads for EUR/USD – 2. Etoro. eToro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks. More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website. Founded in 2006 in Tel Aviv, the multi-asset brokerage company has registered offices in Israel, the United Kingdom and Cyprus. One of the key features of eToro is the social investment platform with Copy-Trading feature that it offers. Broker Type – Market Maker. Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Commodity Futures Trading Commission (CFTC), Financial Conduit Authority (FCA), National Futures Association (NFA), Australian Securities and Investments Commission (ASIC) Platforms – eToro OpenBook, eToro WebTrader, eToro Mobile Trader. Minimum Deposit – $50. Deposit Options – Bank Wire Transfer, Credit/Debit Card, Skrill, Moneygram, PayPal, Neteller, Webmoney, Western Union. Maximum Leverage – 400:1. Minimum Lot Size – 0.01. Lowest Spreads for EUR/USD – 3. Exness. Exness Group, founded in 2008, has a trading volume of more than $180 billion and as many as 15,000 people from around the world open trading accounts with the forex broker every month. Currently, Exness makes available over 120 financial instruments for trading. Broker Type – ECN/STP and Market Maker. Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Platforms – MetaTrader 4, MetaTrader 5, Mobile Platforms. All EAs and Scalping Allowed – Yes. Minimum Deposit – $1. Deposit Options – Bank Wire Transfer, Visa, Skrill, Neteller, WebMoney, YuuCollect, EXCARD, Internal Transfer, Perfect Money, CashU. FXGlory Review. FXGlory is the most excellent broker I have ever used in my 5 yrs trading, No difficulties with withdrawing, always the full amount requested, done within 24hrs. I tried depositing funds with credit card but after a few times did not accept my card so I have to use PayPal. This is the only matter they have to work on, otherwise everything else is super, fast execution, handy spreads, NO unusual disconnections, support over phone or email. I am extremely happy with the FXGlory broker so far. However, the withdrawal of funds is little bit delayed, but I trust they will get better of this services. I have been using FXGlory Binary Option platform for a while now and I can say I have no regrets so far. Assets are available to trade for as long as the binary market is opened. I use their Skrill deposit option because of their immediate withdrawals. I have made withdrawals many times and I get my money in less than 1hr my skrill account. The cons with them are: 1.They don’t have 10mins trade: they only have turbo (30sec, 60sec, 120sec, 180sec and 300sec) then the 15min, 30min, 1hr and EODs. 2. USDCHF only have turbo trade and 1hr expiry. no 10, 15 or 30min.. Besides these cons, I don’t see anything wrong with them, withdrawals are on time, platform is fast though sometimes I experience price freeze when the market volatility is exceptionally high, its good to protect their clients, but some of us still know how to trade in such market, so we are left hanging. If you don’t like spot option platform, then FXGlory might not be for you, but there are not too many platforms out there and we all know that spot option platform is more predominant than other platforms. My honest recommendation? FXGlory is a good binary broker. (I don’t have a forex experience with them, I only use them for binary so I cant tell you how they perform there, but if they are these okay with binary then forex shouldn’t be a problem) Add your review Cancel reply. FXGlory Review (Detailed info): FXGlory (official website) company was founded in 2011 in Dubai and is monitored by the Department of Economic Development. FxGlory is a unique forex broker as they offer a leverage of 1:3000 , which is not that common with forex brokers today and thus many traders are attracted to the broker. Available Leverage: 1:1, 10:1, 50:1, 100:1, 200:1, 500:1, 1000:1, 2000:1, 3000:1 Broker has offices in Georgia and Bulgaria. FXGlory accept US clients. FxGlory Account type: All FXGlory accounts are Standard or Islamic (Swap-free accounts ) FxGlory offers 50% BONUS on deposit. In order to receive a bonus from FxGlory forex broker, you need to open a Real account, tick the checkbox of bonus in deposit part of Client Cabinet and make a deposit. The bonus will automatically be credited to your account. Note: To withdraw each 1.5$ of the bonus, a client should trade 1 standard lot. Another good thing from “FX Glory” – Free VPS for clients that has an initial deposit of 1000$. Deposits to FxGlory can be done via PayPal, Credit Cards, Skrill, OKPAY, Payza, Neteller, WebMoney, LiqPay,WIQI, SOFORT, GiroPay,Przelewy24 , Wire transfer.