Australian FX broker founded at the end of 2010, the company’s founders previously worked in FX trading for a long time. The company’s headquarters forex broker server time located in Sydney.
This broker focuses on low spreads and excellent customer service. Protection of deposits Neither Pepperstone nor ASIC provide any information regarding the protection of deposits. Segregation of clients’ funds As a company regulated by ASIC, Pepperstone is obliged to keep the clients’ funds on separate accounts, thus ensuring that creditors do not have access to client’s deposits in case of a bankruptcy. Partial amounts used as a margin at the time of the bankruptcy are not subject to this regulation. Customer support Customer support is available in English only.
Enquiries are usually answered swiftly, bearing in mind the different time zones. Documents can be scanned in and uploaded when opening the account. 22 banks, including: Bank of America, Barclays, BNP Paribas, Citibank, Commerzbank, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, J. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your initial investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. Trading Point and a subsidiary of Trading Point of Financial Instruments Ltd.
The company is headquartered in Cyprus. This regulation and authorisation is acknowledged within the European Union, e. German Bafin, although this doesn’t necessarily mean that a company fulfils all standards of the acknowledging authorities. The current compensation limit per customer is 20,000 Euros. In view of Cyprus’ current financial situation, the effectiveness of the compensation fund may be put in question.
Partial amounts used as a margin at the time of the bankruptcy are not subject to this regulation. Customer support Customer support is available in 14 different languages. The primary support language is English. Account opening The opening of an account doesn’t require any documents, however, unless the account is approve not all features are available. Documents can be scanned in and uploaded in the customer area. The opening of additional accounts and funds transfers between existing accounts can be done online as soon as the main account has been approved. Pay-outs have to use the same payment method as incoming payments, thus funding via credit card and withdrawal via bank account is not possible.
Pay-outs to third parties are not permitted. Liquidity provider As part of its business strategy, XM doesn’t disclose information regarding their liquidity providers. Comment The Micro Account is a so called cent account whereby the value of one lot equals to just 1,000 units of the base currency instead of 100,000 units. Due to the relatively high limit and stop levels, XM accounts are not recommended to be used for trading scalping strategies. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your initial investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved.
STP broker which passes the client orders directly to their liquidity providers. Experience superior technology that revolutionalizes the FX industry. Subscribe Stay on top of Forex market updates, Everyday. Subscribe to our Daily Market Insights!