Another Cypriot Broker with Strange Conditions

bforex is a newest addition to the list of Forex brokers on It happens so that it’s also a Cypriot broker, like the one that was added yesterday. Cyprus looks like a popular destination for the Forex firms. This one offers trading via MetaTrader but limits its use only to the traders from certain countries. It also offers 2 other custom platforms that are available to the rest of currency traders. Trading can be started with $500, while the minimum position volume is just 0.025 of a standard lot, but the average spread on EUR/USD is 3 pips, which is quite high by today’s measures. Other interesting highlights of bforex include:

* No convenient on-line methods of payment other than credit card and wire transfer.
* Trade with gold, oil and CFD.
* 1:200 leverage as the only option.
* Accounts with no interest rates available.
* Opening the account is not an easy process.