tabattery
25-01-09, 11:40 AM
Easy-Forex basic spread policy on major currency pairs is:
VIP accounts (min. deal USD1,000,000 /
min. deposit $10,000): 3 pips;
Platinum accounts (min. deal USD250,000 /
min. deposit $5,000): 4 pips;
Gold accounts (min. deal USD50,000 /
min. deposit $500): 5 pips;
Mini accounts (min. deal USD2,500 /
min. deposit $100): 7 pips.
Renewal fee varies between 0.015% and 0.030%, according to tailor-made terms and according to internet / phone trading.
You can either deposit through wire transfer or using credit card. Instructions on how-to-get-it-going can be found on their website.
I try the mini account. The good thing - they offer 1:200. User-Friendly.
The trading screen is supremely simple. You simple pick the currencies you wish to trade, the dollar amount you are trading, and the maximum amount you want to risk. This risk amount is how you set your stop loss. It's back-to-front to how you might be used to doing things, but makes sense in a platform designed for beginners. The quotes update in real time.
When you are ready to place an order, you can “freeze” the price for a few seconds, or just click the Trade button straight off. Stops are automatically sent with every order, and are guaranteed, meaning your maximum risk really is your maximum risk. Targets can also be set, and of course, orders can be manually closed any time.
The bad thing - the risk is high, not recommended for those who isn't good with money management.
Spread is a "little wider" than the bigger brokers like FXCM. You have to open a Gold Account & above to enjoy the privilege - narrower spread.
It is no good for those who do carry trade. They charge renewal fee and it is pretty much to me, I can say. There is also a second order page that lets you set Limit orders for entering new positions.
VIP accounts (min. deal USD1,000,000 /
min. deposit $10,000): 3 pips;
Platinum accounts (min. deal USD250,000 /
min. deposit $5,000): 4 pips;
Gold accounts (min. deal USD50,000 /
min. deposit $500): 5 pips;
Mini accounts (min. deal USD2,500 /
min. deposit $100): 7 pips.
Renewal fee varies between 0.015% and 0.030%, according to tailor-made terms and according to internet / phone trading.
You can either deposit through wire transfer or using credit card. Instructions on how-to-get-it-going can be found on their website.
I try the mini account. The good thing - they offer 1:200. User-Friendly.
The trading screen is supremely simple. You simple pick the currencies you wish to trade, the dollar amount you are trading, and the maximum amount you want to risk. This risk amount is how you set your stop loss. It's back-to-front to how you might be used to doing things, but makes sense in a platform designed for beginners. The quotes update in real time.
When you are ready to place an order, you can “freeze” the price for a few seconds, or just click the Trade button straight off. Stops are automatically sent with every order, and are guaranteed, meaning your maximum risk really is your maximum risk. Targets can also be set, and of course, orders can be manually closed any time.
The bad thing - the risk is high, not recommended for those who isn't good with money management.
Spread is a "little wider" than the bigger brokers like FXCM. You have to open a Gold Account & above to enjoy the privilege - narrower spread.
It is no good for those who do carry trade. They charge renewal fee and it is pretty much to me, I can say. There is also a second order page that lets you set Limit orders for entering new positions.