Quote:
Originally Posted by ForexCeo
other infos about Finex Group:
# 10,000 minimum trade size (mini and standard on 1 platform)
# Fixed spreads as low as 3 pips
# No minimum Stop/Limit levels
# Automatic Dealing (no dealer intervention)
# Trade up to 20 million (can offer higher on request)
Introducing Broker receive a rebate from the Broker, there are no more commission for customers.
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Please explain to people that 10.000 minimum trade size with 200:1 margin means $65 margin on EUR/USD with 0.1 lot size and $1 for 1 pip. Not everyone understands.
Spreads as low as 3? are you kidding? There are banks offering as low as ZERO! 0. and not 3.
No minimum stop/limit levels? sellstop buylimit or stoploss takeprofit?
Automatic Dealing? Why do requotes appear?
Trade up to 20 million = 200 lots? Why not 1000 lots? With leverage 100:1 20 million become 200,000. So you need like 2-5 millions to cover such a position and receive profit.
What is a rebate?
Will I need any allowances from my Central Bank to start trading if there is introducing broker in my country?