Basic information
The broker, with 12 years of experience in the financial sphere, demonstrates stability and reliability. The high TrustPilot rating (4.4) testifies to the positive attitude of clients. Note that the company is regulated by important bodies including CySEC, FCA, SVG and CIMA, which emphasizes its serious approach to adhering to high standards of security and legality.
Support and education
The broker offers 24/7 customer support Monday through Friday and provides service in nine different languages. In addition, the availability of introductory videos, webinars and offline sessions emphasizes its commitment to educating traders. However, the lack of videos on how to use the platform and about depositing/withdrawing funds may limit the informative resources. Basic articles, trader calculators (three in number) and extensive webinar support create a supportive learning environment, although the lack of courses and certificates may limit the completeness of the educational program.
Promotions
The broker provides a variety of promotions for its clients. The lack of no-deposit bonuses is compensated by welcome bonuses in the amount of 10% of the deposit amount subject to additional conditions. After the first deposit, traders can take advantage of bonuses for subsequent deposits, which amount to 20%, also subject to fulfillment of additional requirements. Cashback is provided in the form of real money, which adds to the attractiveness for traders. The "Bring a Friend" promotion allows clients to receive $200 for each friend brought in, subject to certain additional conditions. Tournaments, however, are not on the list of promotions offered.
Platforms
The broker provides clients with access to two popular trading platforms - MetaTrader 4 and MetaTrader 5. In addition, the broker's own trading platform is provided, which can offer unique features and functionality for traders. While not providing copy-trading services, the broker does not support social copying of trades. Instead, clients can use signal providers such as Trading Central to receive trading signals and analytics, which can be an important tool in making trading decisions.
Trading
The broker provides Islamic trading accounts, making it accessible to traders who follow the principles of Islamic finance. The maximum leverage of this broker is 1:500, providing flexibility in money management, while the minimum leverage is set at 5, allowing for prudent risk management. A wide range of assets exceeding 100 gives traders opportunities for portfolio diversification. The availability of product rollovers allows positions to be held overnight, which is important for long-term strategies. However, the broker does not provide synthetic assets.
Deposit and withdrawal
The broker provides traders with a choice in account currency, covering major currencies (FX Majors) and minor currencies (Minors) in the forex market. This provides convenience to traders as they can choose the currency according to their preferences and strategy. A distinctive feature is the absence of withdrawal and deposit fees, which can be attractive for traders looking to minimize additional costs. The minimum deposit and withdrawal amount is $20, which makes the broker accessible to a wide range of traders, including those with limited start-up capital.
Screenshots
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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