Basic information
A broker with 24 years of experience in the finance industry provides clients with long-term stability. TrustPilot's high 4.6 rating indicates a positive user perception. The company is backed by regulation from important bodies including MFSA, LFSA, BVI, VFSC, and SVG, which shows its commitment to maintaining high standards of security and compliance across multiple jurisdictions.
Support and education
The provided forex broker operates in 24/7 mode, offering support in 13 languages. The service includes introductory videos, materials on working with the platform and a rich glossary. Five trader calculators provide accurate calculations, while advanced courses and certificate opportunities support ongoing education. Webinars provide up-to-date information, although there are no offline sessions. These features form an attractive proposition for traders, providing ongoing support, training and a wide range of tools for successful trading.
Promotions
The broker stands out by strategy, focusing on providing trading conditions without bonuses, cashback and tournaments. The absence of welcome and subsequent deposit bonuses, as well as the "Bring a Friend" promotion, may indicate the company's choice to focus on competition through more attractive spreads or commissions. This approach may also signal the broker's desire to provide high quality service, regardless of additional incentives, and to use alternative methods to attract clients.
Platforms
The broker does not support the MetaTrader 4 (MT4) platform, but provides access to MetaTrader 5 (MT5). The broker has its own trading platform and copy trading is only possible within MT5. Signal providers are also available, but the functionality is limited to using MT5. This information may be important when choosing a trading platform and using copy trading.
Trading
The broker does not support the MetaTrader 4 (MT4) platform, but provides access to MetaTrader 5 (MT5). The broker has its own trading platform and copy trading is only possible within MT5. Signal providers are also available, but the functionality is limited to using MT5. This information may be important when choosing a trading platform and using copy trading.
Deposit and withdrawal
The broker offers trading accounts where major currencies of the forex market (FX Majors) are available. Clients are given an advantage as the broker does not charge withdrawal and deposit fees. The minimum deposit is only $5, which makes trading accessible to a wide range of traders. In addition, the minimum withdrawal amount is $10, which provides flexibility and convenience in managing finances on the platform.
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Risk Warning
Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.
Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.
Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility
Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.
Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.
Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility
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