Basic information
The broker, with over 27 years of experience in the industry, provides clients with long-term stability. TrustPilot's rating of 4.2 indicates a positive user perception. It is important to note that the company is backed by regulation only from CySEC, which, while indicating that it adheres to high security standards, may raise questions regarding the diversity of regulatory controls in different jurisdictions.
Support and education
The broker provides support Monday through Friday during business hours from 05:00 to 21:00 GMT. The service is available in 8 languages, which provides convenience for clients in different regions. The availability of introductory videos and videos on how to use the platform enriches the educational experience. However, the lack of deposit and withdrawal videos, trader calculators, courses and certifications may limit the educational and analytical capabilities. The glossary and key articles provide a basic level of information, while webinars supplement the learning experience. Offline sessions are not currently provided.
Promotions
The broker does not provide no-deposit bonuses. Welcome bonuses of more than 50% of the deposit amount are available, but are accompanied by additional conditions. At the moment there are no bonuses for subsequent deposits. Cashback, tournaments and "Bring a Friend" promotion are not organized, which can be considered by those clients who are not looking for additional bonus opportunities in their 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. The copy-trading system is implemented in the form of social trading, which allows traders to follow strategies and copy trades of experienced participants. Currently, the broker has the only signal provider that provides additional opportunities for market analysis. This information can be important when choosing a broker, especially for those who value social features and trade copying capabilities.
Trading
The broker does not provide Islamic accounts, hence it does not have special accounts compliant with Islamic finance principles. The maximum leverage on the platform is set at 1:1000, which provides traders with additional opportunities to manage their positions using leverage. The minimum leverage is set at 1:1, which provides a more conservative approach to trading with minimal leverage. The total number of assets on the platform reaches 327, which, although a relatively small number, still provides traders with a wide range of instruments for portfolio diversification. The presence of the commodity rollover provides an opportunity to apply various strategies on the commodity market. However, it should be noted that there are no synthetic assets on the platform.
Deposit and withdrawal
The broker provides trading accounts in US dollars (USD) and Mexican peso (MXN), but charges withdrawal and deposit fees. The minimum deposit is set at $10, ensuring accessibility for a variety of traders. The minimum withdrawal amount is also set at $10, allowing for efficient fund management and withdrawals to meet user requirements.
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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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