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into two specific categories. See a List of Other Forex Brokers and Sites. If a trader uses the entire 1:1000 margin on his account, a small 10 pip movement can wipe out his equity entirely. Therefore, it is not advisable to use the large amount of leverage, which should be reduced as soon as you open your trading account. We would have understood this aspect if the maximum FX Pro BITcoin leverage is limited to 1:100 or anything lower, but the broker offers a maximum leverage of 1:1000. Forex, Precious Metals and more, website m, not Verified. However, the broker does provide a handsome bonus of up to 10,000 as trading credits, which can help in enjoying more equity to invest in the markets. FX Pro BITcoin is owned by First National Bnak (not to be confused as First National Bank which operates other businesses such as FX Boss and SwiftCoins. It is also strange to note that FX Pro BITcoin and its associated websites are not maintained according to the modern standards. Upon further investigation, it has come to our notice that FX Pro BITcoin is a non-regulated Forex broker that offers a regular market maker account. The broker is not open about its FX Pro BITcoin spreads, but we have witnessed the spreads to be on the higher side, with most market conditions"ng 3 to 5 pips spread for the EUR/USD pair.
How Is FX Pro BITcoin Regulated? While swap is an integral component of FX trading, the broker does warn about the impact of higher margin requirements and holding on to weekend trades through their trading platform. Once again, FX Pro BITcoin is not related to Bitcoins in any way either. However, Swiftcoins have not enjoyed the same popularity and market exposure as its competitor, which does affect the long-term security and safety of client funds.
The first type of risk is the slippages, which are normal in every trading account due to the volatility in the currency markets. The MT4 terminal is a great platform, which should provide stability and reliability for your trading ventures. A Forex dealer should offer all the vital information about its location and regulatory status on their website to help prospective clients to learn more about the security aspect of trading with easybitcoin chmod bitcoin FX Pro BITcoin. Nevertheless, in this FX Pro BITcoin broker review, we will attempt to find out whether it is safe to invest in the FX market using this broker. However, market maker brokers have little instances of slippages due to r"s and order cancellations, which does help traders to combat any amount of excessive slippages.