Basic information
A broker with 19 years of experience in the industry provides clients with long-term stability. TrustPilot's rating of 4.3 indicates a positive user perception. Notably, the company is backed by a host of leading regulators including ASIC, AUSTRAC, BAFIN, CIMA, CYSEC, ESCA, FSC, FMA, MAS, TFG and VFSC, emphasising its commitment to high standards of security and compliance across multiple jurisdictions.
Support and education
The broker provides 24/7 support and service in more than 10 languages, ensuring a convenient experience for clients at any time of the day and in different regions. Although there are no introductory videos, platform videos enrich the educational experience. Two trader calculators provide analytical capabilities. A basic glossary and articles provide a basic level of information. The lack of courses, certificates, webinars and offline sessions may reduce the depth of the educational programme, but provides basic resources for traders.
Promotions
The broker does not provide non-deposit bonuses. Welcome bonuses up to 50% of the deposit amount are provided subject to additional conditions. At the moment bonuses for subsequent deposits are not provided. Cashback, as an independent bonus, is available to customers, but is also subject to additional terms and conditions. Tournaments and "Bring a friend" promotion are not available. This information may be important for traders who are evaluating the available bonus opportunities when choosing a broker.
Platforms
The broker provides support for both popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as offering its own trading platform. The social copy-trading feature gives traders a chance to follow strategies and automatically copy trades of experienced participants. The broker has a single signal provider, which further enhances traders' ability to analyse the market and make decisions. This information is useful for those who appreciate the diversity of trading platforms and social opportunities.
Trading
The broker provides Islamic accounts that comply with the principles of Islamic finance. The maximum leverage on the platform is 1:500, providing traders with additional leverage options to manage their positions. The minimum leverage is set at 1:1, providing a more conservative approach to trading with minimal leverage. The total number of assets on the platform is over 14,000, providing traders with an extensive choice of instruments to diversify their portfolio. The availability of commodity rollover provides the possibility of applying 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 major forex currencies (FX Major) and does not charge withdrawal or deposit fees. The minimum deposit to start trading is set at $50, ensuring accessibility for a variety of traders. The minimum withdrawal amount is also set at $50, providing flexibility in managing funds and making withdrawals when necessary.
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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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