market lots in total where X is the total amount of received bonus. a Cypriot Investment Firm, regulated by CySEC. . The bonus is canceled in full 20 of the bonus amount upon withdrawal of funds from the trading account. Broker also offers Welcome bonus 30 and Demo Contest. It is important to point out that high leverage levels can multiply a traders profits on a small deposit, but they may also lead to heavy losses. Please leave your comments to help others. Similar compensation schemes apply in the UK and FCA-regulated brokers fall under Financial Services Compensation Scheme, where the maximum compensation cover is 50,000 per person.
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The bonus can be received only once and cannot be combined with other promotions. As regards trading accounts with more than 1000 balance leverage can be reduced from 1:1000 to 1:500. ForexMart demands just 1 USD/EUR/GBP from its clients to start with. Other Cyprus-regulated brokers require 500 (FxPro) or 50 (fxcm) and there are even such that require none (. The other account provides spreads as low.0 pips EUR/USD, but it involves a 2 pip commission fee. Security of Funds, tradomart Ltd., conducting its brokerage business as ForexMart, is duly licensed and regulated by the Cyprus Securities Exchange (CySEC, license number 266/15). Regulation of financial services providers usually involves such a requirement, therefore UK brokers must possess a minimum of 730 000 EUR, Australian ones are obliged to hold at least 1,000,000 and US-based brokerage firms - 20 million. So, the spreads offered by this broker may be seem high, compared to the variable ones provided by others, however they are in line with fixed ones offered. General Risk Warning: Trading leveraged products such as Forex and CFDs carries high risks. Maximum leverage, spreads, standard.01 1:1000 2 pips EUR/USD, fixed, zero Spread.01 1:1000.0 pips EUR/USD 2 pip commission charge.