FXDD - Forex Trading Broker Since 2002

FXDD is a new broker which I added to Metatrader 4 Forex brokers and PayPal Forex brokers categories. It is present on the on-line Forex trading services market since 2002. But nevertheless it is still unregulated and is not registered with any major financial regulatory organization. With FXDD you can open mini Forex accounts with $500 and use either MT4 trading platform or their own platforms (they have two of them). Unfortunately they don't support e-gold, WebMoney or CFD trading.

MT4 and MT3 Broker

A new Forex broker with quite a long on-line history and good stand (since 2004) was added to the Forex brokers section of a site. FIBOGroup allows CFD and Forex trading via both Metatrader 4 and Metatrader 3 trading platforms. The minimum deposit is $300 and the leverage at which account are set up is 1:200. At FIBOGroup accounts are easily opened on-line, but they don't allow e-gold deposits (closed this option due to the problems with e-gold) - but they may reopen this option in future.

Metatrader Expert Advisros - User's Tutorial

Using Metatrader expert advisors is simple, but sometimes people get confused with it and after downloading a file with the expert advisor a user might get stuck with it without knowing what to do next. This a simple tutorial on how to attach an expert advisor to Metatrader 4 char and activate it.

1. Download your MT4 expert advisor or copy it and save it to your Metatrader's 'experts' folder:


2. Double click it with your mouse and it will be opened in MQL editor (this editor comes with MT4). There will be a button 'Compile' at the center top of the window. Click it and your expert advisor will be compiled and ready to use. There might be some errors or warnings during the compilation, but in most cases there shouldn't be any. You can try and fix those errors, but it takes time and some programming skills, usually.


3. Now, all you need to do is add your expert advisor to the preferred chart and activate it. You can also change some input parameters for the advisor in the Inputs tab:

That's it! Now you can enjoy your expert advisor - its signals or its trading (if it is designed to perform trading). Good luck with them!

NorthFinance Warns Traders

NorthFinance warns its clients that after July 1st it will stop supporting Metatrader 4 platform versions older than build 200. So, it is about a time to update your Forex trading software if you are trading with NorthFinance. Update can be automatically started on the program startup. Updating your Metatrader 4 platform not only will keep you up to date with NorthFinance, but also will remove some bugs (that are fixed in newer versions) and enhance your experience with expert avisors (that need to be recompiled with almost every build in pre-200 versions).

ODL Securities – a No Minimum Broker with a $100 Minimum

ODL Securities is a Metatrader 4 Forex broker that states that you there is no minimum account size as well as no minimum amount to deposit, while the actual minimum is not zero – you’ll have to deposit at least 100$ to open the minimum lot size position available with 1:100 leverage. As to deposit options – traders are limited to credit card, check and bank wire. As with some other Metatrader brokers you can also trade CFD, but with ODL Securities you’ll have to open additional trading account specifically to trade CFD.

Another MT4 Broker Hits My List

Royal Forex Trading is a relatively new broker that started its services in the end of 2006. It supports Metatrader 4 trading software, but it has not many features to attract Forex traders - $300 minimum deposit (which is not very low compared to some other brokers) and the fact that it is regulated by NFA and CFTC (which can mean a lot to some people, while be insignificant to others). To start trading with them you’ll need to deposit money with one of the following ways: PayPal, BPS, Wire Transfer, credit cards or check.

SNC Investments – MT4 Broker with Custom Platform

SNC Investments is a Metatrader Forex broker that allows deposits via Wire Transfer, checks and BPS (Broker Processing Service). They utilize a customized version of MT4 platform; though, it is fully compatible with Metatrader (so the expert advisors should work with it without any problems). You’ll need to deposit a minimum of $500 to start trading with SNC Investments. This broker is registered with CFTC and NFA, but, in my opinion, there is many other brokers which deserve more attention than this one :-).

Socially Responsible Forex Broker - MIG Investments

MIG Investments is a Forex broker from Switzerland. It is one of the most legally clear broker for the serious traders. I say serious because the minimum account size is $2,000 with the Wire Transfer being the only billing option available. With MIG Investment you can use Metatrader 4 software and trade with their quite competitive spreads. One of the most remarkable thing about this Forex broker is that it shares some of its profits with the UNICEF organization, helping children all over the world. This is indeed a rare occasion that the rich help the poor in such aggressive and speculative industry as Forex trading.

Crown Forex – a Swiss Broker with Metatrader Platform

Crown Forex is a Swiss based Forex broker that supports Metatrader 4 trading software. Though, it greatly limits the use of MT4 expert advisors which almost kills one of the biggest advantages of Metatrader platform. To start trading with Crown Forex you’ll need to deposit a minimum of $300 which can only be transferred via Wire Transfer. But of course you can always try their demo accounts for free.

Real Trade – Forex Broker from Latvia

Real Trade is an established Forex broker based in Latvia which offers international Forex trading services using a Metatrader Forex platform. Aside from that Real Trade clients can deposit and withdraw funds to and from their margin accounts using e-gold and WebMoney (along with a good old Wire Transfer). Overall, Real Trade is a reputable (but more popular with Russian-speaking traders) Forex broker with market presence since 2003.

FXcast - e-gold Forex Broker with Metatrader 4 Platform

Another e-gold Forex broker with a low minimum account ($1) and e-gold deposit option added to Forex brokers list. FXcast - a quite new broker in the on-line market. It also supports Metatrader platform (for accounts starting from $100) and a very high margin leverage (up to 1:400). One of the major drawdowns for this broker is that it is completely unregulated. But still - good choice for the new Forex traders who store their funds in e-gold or WebMoney.

Additon to MT4 Expert Advisors

I've added a new expert advisor to MT4 Expert Advisors section of the site - myfxovereasy Expert Advisor + FXOverEasy Indicators. It's my own EA based on FXOverEasy indicators, or more exactly - on their combo by Shimodax from StrategyBuilder forum. Actually this Forex expert advisor trades against FXOverEasy strategy, but it showed very good results on EUR/USD M15 chart. But be careful, it is quite risky, don't trade the money you cannot afford to lose. Don't forget to leave your comment if you use this indicator ;-)

8 Forex Brokers Lists

EarnForex.com now features 8 Forex brokers lists each containing Forex brokers with a special property making it useful to some category of Forex traders. This will help you to find a good broker that would fulfill your needs more easily. The new 8 Forex broker lists are:

• e-gold Forex Brokers
• Metatrader 4 Forex Brokers
• Forex Brokers with Web Based Platform
• Forex Brokers with Advanced Trading Platform
• Institutional Forex Brokers
• Forex Brokers with CFD Trading
• Muslim Friendly Forex Brokers
• ECN Friendly Forex Brokers

Muslim Forex Brokers

Tadawul FX - a special broker, which provides Forex trading through Metatrader 4 platform and offers special accounts for muslim traders (with no overnight interest). You can get more information about this broker here.