Basic information
A broker with 15 years of experience in the industry provides clients with long-term stability. TrustPilot's rating of 4.3 emphasizes the positive attitude of its users. The company is strictly regulated by important bodies such as ASIC, FCA, CySEC, SCB, and SVG, which shows its commitment to maintaining high standards of security and compliance in various jurisdictions.
Support and education
The broker provides 24/5 customer support, which provides convenience for traders on weekdays. A special feature is the support in all languages with the use of an automatic translator in live chat. The availability of introductory videos and videos on how to use the platform enriches the educational experience. Three trader calculators provide analytical capabilities. A comprehensive glossary and articles provide clients with quality educational material. The availability of webinars adds to the educational experience, although the lack of courses, certificates and offline sessions may reduce the depth of the educational program.
Promotions
The broker does not offer no-deposit and welcome bonuses, as well as does not provide bonuses for subsequent deposits. Cashback is not provided. However, there is an opportunity to participate in tournaments with prizes in the form of real money, although this opportunity is also accompanied by additional conditions. The "Bring a friend" promotion is not currently running. This information may be important when making a decision on choosing a broker for trading.
Platforms
The broker provides support for both popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and also has its own trading platform available only for Windows users. Unfortunately, the broker lacks copy-trading mechanisms as well as signal providers. This information is important for traders who pay attention not only to platforms, but also to social and investment features.
Trading
The broker does not provide Islamic accounts, which can be an important criterion for traders following Islamic finance principles. The maximum leverage on the platform is set at 1:500, which gives traders the opportunity to use leverage to increase their capital. The minimum leverage is set at 1:1, which provides a more conservative approach to trading. There are 881 assets available on the platform, providing traders with a variety of trading tools. However, it should be noted that there are no commodity rollover and synthetic assets, which may affect a trader's ability to use some strategies and trading tools.
Deposit and withdrawal
The broker provides trading accounts in major forex currencies (FX Major) and does not charge withdrawal or deposit fees. The minimum deposit to start trading is $100, providing a certain level of capital requirements. At the same time, the absence of restrictions on the minimum withdrawal amount provides flexibility for traders in managing their funds.
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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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