Basic information
A broker with 16 years of experience in the industry provides clients with significant stability. The TrustPilot rating of 4.2 indicates a positive user perception. Significantly, the company is backed by regulation from leading bodies such as FCA, CySEC, ASIC, ISA, FSA, MAS, FSCA, and DFSA, indicating its rigorous standards of security and compliance across multiple jurisdictions.
Support and education
The broker provides 24/7 support and service in 15 languages, which creates a convenient environment for clients at any time of the day and in different regions. Despite the lack of introductory videos, a full-fledged glossary and articles provide quality educational material. Platform and deposit/withdrawal videos enrich the educational experience, although the lack of trader calculators, courses and certificates may reduce analytical and educational opportunities. Webinars provide additional chances to learn, while offline sessions are not currently provided.
Promotions
The broker does not provide no-deposit and welcome bonuses, nor does it provide bonuses for subsequent deposits. Instead, there is an opportunity to receive a cashback subject to additional conditions, which can serve as an additional incentive for clients depending on their activity on the market. Tournaments are not organized, but there is an opportunity to invite a friend to the platform without receiving any reward.
Platforms
The broker does not support MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but provides its own trading platform. Copytrading and signal providers are currently not provided. This information may be important when choosing a broker, especially for those traders who are used to using specific platforms or social trading features.
Trading
The broker provides Islamic accounts (depending on your country of residence) that comply with the principles of Islamic finance. The maximum leverage on the platform is 1:30, which provides traders with additional opportunities to effectively manage their investments. The minimum leverage is set at 1:2, which may attract those who prefer more conservative risk management strategies. The total number of assets on the platform is an impressive 2800, which creates ample opportunities for portfolio diversification. The presence of the commodity rollover provides traders with additional flexible strategies in a volatile commodity market. However, it should be taken into account that there are no synthetic assets on the platform, which may affect some trading strategies.
Deposit and withdrawal
The broker offers a variety of currencies for trading accounts, including the major currencies of the forex market (FX Majors). Users can make withdrawals without commissions, as well as replenish accounts without additional costs. The minimum deposit is $100, which emphasizes the premium nature of the services provided. The minimum withdrawal amount is set at $50, which provides flexibility in financial management for traders.
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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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