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FreshForex cuts margin requirements for all accounts


Offshore forex broker FreshForex has reduced the margin requirements for all account types, the broker said on Friday. For Classic accounts, the minimum margin rate required from brokers is 0.1%, and for Market Pro and ECN accounts it is 0.2%.

This means that the broker offers Leverage of 1,000:1 for Classic accounts and 500:1 for Market Proo and ECN accounts.

Fresh Forex new leverage

Margin rates indicate the minimum amount clients need to have in their account balances when using leverage, a type of virtual borrowing traders can take from their broker.Leverage allows investors to operate with higher amounts and to increase their profit, since they provide them with higher buying power, but it also presents higher risk.

In most countries, there are no legislative restrictions regarding how much leverage brokers can offer their clients. Usually, leverage of about 500:1 or up is considered quite high. Recently, the number of forex brokers that Offer Leverage on the higher end has been increasing. FxGlory and FBS are the only retail forex brokers to offer leverage as high as 3,000:1, while Exness recently became the first broker to offer unlimited leverage.

However, in some countries there are certain restrictions on leverage, mainly for retail trading. In the US, for instance, the leverage cap is 50:1, while in Poland it is 100:1. Meanwhile, in Turkey trading accounts with balance of less than TRY 20,000 cannot offer leverage rates of more than 50:1 for trading of gold and popular currency pairs such as the EUR/USD, USD/TRY, and EUR/TRY, and the maximum leverage for other pairs is 25:1. Leverage for popular pairs traded via accounts with more than TRY 20,000 is set at a maximum 100:1, while for other currency pairs the cap is 50:1.

FreshForex is a brand of Riston Capital, an investment company based in St. Vincent and the Grenadines. The broker offers online trading in forex and contracts for difference (CFDs) on metals, stocks, indices, and energy futures, as well as analytical, educational, and training services.

FreshForex is a member of Russia’s commission for the regulation of relations on financial market, KROUFR. In the Russian market, the broker had a monthly trading volume of an average $3 billion in 2015 and about 7,800 active accounts.

Source: FreshForex

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The post FreshForex Cuts Margin Requirements for all accounts appeared first on 7 Online Trading Forex.



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FreshForex cuts margin requirements for all accounts

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