Basic information
The broker, with 17 years of experience in the industry, promises long-term stability, but the TrustPilot rating of 2.6 raises questions about the level of customer satisfaction. It is also noteworthy that the company has only two licenses - BVI and CySEC - which can be seen as a lack of transparency and trust compared to brokers with broader regulatory coverage.
Support and education
The broker provides 24/7 support and service in 17 languages, which creates a convenient environment for clients at any time of the day and in different regions. The availability of introductory videos and videos on working with the platform enriches the educational experience. A comprehensive glossary and articles provide clients with quality educational material. Two trader calculators can limit analytical capabilities. Advanced courses and certifications emphasize the commitment to providing clients with a deeper level of education. Webinars and offline sessions complement clients' learning experience, creating a more complete educational environment.
Promotions
The broker actively encourages its clients with various promotions. Providing non-deposit bonuses up to $100 with additional conditions, as well as welcome bonuses over 50% of the deposit, creates financial opportunities for traders, but is associated with certain requirements. Bonuses for subsequent deposits in the form of a percentage of the deposit are also provided with additional conditions. Cashback provided in the form of trading bonuses can be an additional incentive for active market participants. Organizing tournaments with real money as prizes adds an element of competition to the trading experience. The "Bring a Friend" promotion complements the broker's attractiveness by giving clients the opportunity to receive additional benefits for attracting new traders if certain conditions are met.
Platforms
The broker supports both popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but it should be noted that MT5 is only available for Windows users. In addition, the broker provides its own trading platform. Copytrading is carried out in the form of social trading. At the moment, the broker does not have any signal providers. This information can be important when choosing a broker and trading platform.
Trading
The broker provides Islamic trading accounts with a maximum leverage of up to 1:1000 and a minimum leverage of 1:1, which is Shariah compliant. In total, traders have access to 406 assets, including commodity rollover. Also, the availability of synthetic assets adds variety to the investment options for clients.
Deposit and withdrawal
The broker offers trading accounts with basic currencies of the forex market (FX Majors). Users have the opportunity to withdraw funds, although there is a commission for this operation. Account replenishment is carried out without additional commissions. The minimum deposit is less than $10, which makes the platform available to a variety of investors. The minimum withdrawal amount is not limited, which provides flexibility in financial management.
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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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