Basic information
The broker, with 5 years of experience in the industry, provides clients with a variety of regulatory assurances including ASIC, CIMA, FSA, and FSCA. Despite the lack of a Trustpilot rating, the presence of support from important regulators can speak to a commitment to high standards of security and compliance across multiple jurisdictions.
Support and education
The broker provides 24/7 customer support and service in 13 languages, providing convenience to traders around the world. The availability of familiarisation videos and platform videos enhances the visual learning experience. Despite the lack of deposit and withdrawal videos, the broker provides a comprehensive glossary and articles, as well as a variety of trader calculators (5 pieces) for deeper analysis. Extended courses and the availability of certificates emphasise its commitment to providing clients with a deeper level of education. Webinars complement the educational experience, although offline sessions are not available.
Promotions
The broker provides clients with a variety of attractive promotions. In this case, there are no non-deposit bonuses, but there is an opportunity to get a welcome bonus of up to 50%, subject to certain additional conditions. Bonuses for subsequent deposits are presented in the form of a percentage of the deposit amount, also requiring the fulfilment of certain conditions. Cashback is provided in the form of real money, which is pleasant for traders. In this case there are no tournaments, but the broker encourages the "Bring a friend" promotion, providing more than $200 for each brought friend, subject to fulfilment of additional requirements.
Platforms
The broker provides a variety of options for trading, supporting two popular platforms MetaTrader 4 and MetaTrader 5, as well as providing its own trading platform. The presence of several types of copy trading service provides clients with the ability to choose the best option according to their requirements and preferences. Combining this with the presence of multiple signal providers allows clients to expand their arsenal of trading tools and analytics sources to make informed decisions in the financial markets.
Trading
The broker provides Islamic trading accounts, catering to the needs of traders following Islamic finance principles. The maximum leverage ranges from 1:500 to 1:1000, providing a high level of financial leverage for traders looking to maximise their potential income. The minimum leverage is 1:20, providing a more conservative approach to risk management. The total number of assets on the platform can reach up to 10,000, providing an extensive choice for portfolio diversification. The provision of product rollovers opens up opportunities for traders interested in position holding strategies. It is worth noting that the broker does not provide synthetic assets, which may be important for certain traders focused on such instruments.
Deposit and withdrawal
The broker provides a variety of currency options for accounts, including major forex currencies (FX Majors), cryptocurrencies and minor currencies (minors). An important aspect is the presence of withdrawal fees, which should be taken into account when planning financial transactions. At the same time, the broker does not charge a commission for replenishment of the account, which provides additional convenience for clients. The minimum deposit varies from $10 to $100, which allows traders to choose the appropriate level depending on their financial capabilities. The minimum withdrawal amount is unlimited, giving clients flexibility 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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