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25.01.2010 - Forex industry updates: dbFX, eToro, IBTimesFX, Myfxbook

by Michael Greenberg
    25.01.2010 - Forex industry updates: dbFX, eToro, IBTimesFX, Myfxbook
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    • Myfxbook introduces two new features:
      • The ability to save an image for each of your trades in the history, allowing you to keep an exact record as to why did you enter, exit, lose or profit on a particular trade.
      • Multi-portfolios – We’re aware that most users have multiple demo/real accounts and it’s hard to keep track of all of them. Now you can group your accounts into specific groups, for example demo and real.
    • eToro has released a new version of its platform with a new feature: micro lot trading. Micro lots enable traders to buy and sell smaller amounts of currency with each trade. Whereas a standard mini lot contains 10,000 currency units a mini lot is comprised of only 1,000 currency units. Practically speaking, what that means for eToro’s Bronze account traders (eToro’s standard beginner account), is that they can now open trades with as little as $2.5 of initial investment.

    Typical spreads on dbFX’s top ten currency pairs are now:

    EUR/USD 1.5

    USD/JPY 1.8

    EUR /JPY 2

    EUR/GBP 2

    AUD/USD 2.2

    GBP/USD 2.2

    USD/CHF 2.2

    EUR/CHF 2.5

    AUD/JPY 3

    CHF/JPY 3

    The full list can be viewed at www.dbfx.com.

    • Myfxbook introduces two new features:
      • The ability to save an image for each of your trades in the history, allowing you to keep an exact record as to why did you enter, exit, lose or profit on a particular trade.
      • Multi-portfolios – We’re aware that most users have multiple demo/real accounts and it’s hard to keep track of all of them. Now you can group your accounts into specific groups, for example demo and real.
    • eToro has released a new version of its platform with a new feature: micro lot trading. Micro lots enable traders to buy and sell smaller amounts of currency with each trade. Whereas a standard mini lot contains 10,000 currency units a mini lot is comprised of only 1,000 currency units. Practically speaking, what that means for eToro’s Bronze account traders (eToro’s standard beginner account), is that they can now open trades with as little as $2.5 of initial investment.

    Typical spreads on dbFX’s top ten currency pairs are now:

    EUR/USD 1.5

    USD/JPY 1.8

    EUR /JPY 2

    EUR/GBP 2

    AUD/USD 2.2

    GBP/USD 2.2

    USD/CHF 2.2

    EUR/CHF 2.5

    AUD/JPY 3

    CHF/JPY 3

    The full list can be viewed at www.dbfx.com.

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