Today it is hard to amaze anyone with anything - brokers make their clients happy every day with tens of novelties of different degree of importance. Even though it is increasingly more difficult to find your way around this abundant flow of information, focused traders still catch a glimpse of quite interesting facts. Remember, until quite recently professional NDD accounts were available only to owners of accounts of at least $1000. Today this barrier has been broken and the product of premium class becomes truly public. It should also be noted that this is because of convenience, the trading experience in this account and its trading conditions rather than because of lower requirements to the amount. Is a new trend starting?
Pavel Chebotarev, General Director of FreshForex, tells us why professional accounts lose their elite status and become increasingly more democratic and popular in the market. It is his company that was among the first in the market to lift requirements to a minimum funding of its NDD MarketPro accounts and keep all advantages of a professional account. By the way, there are quite a few advantages of the kind:
• No commission for trades
• Narrow floating spreads (from 0.9 pips)
• Improved price precision (5 decimal digits)
• High trade execution speed - Market Execution (on average, 0.5 sec)
• No minimum levels for pending orders
• Minimum lot - 0.01
• Leverage of 1:25 - 1:200
• Lowest market swaps
Significantly, the broker limits the maximum spread thus decreasing traders' risks. For example, the spread does not rise above 5.0 pips for such pairs as EUR/USD and USD/JPY even at release of important economic news (see further details in the specification of forex contracts).
You earn as soon as your trading generates a zero result
Special services and promotions are a very nice thing added to your work in this account as they offer sizeable trading advantages. These services include Spread Rebates, Interest on Free Funds and a promotion of the First Funding Bonus.
The Spread Rebates service offers a compensation for a traded volume. The trader's account is credited with an additional $2 for each traded lot. The Interest on Free Funds service, on the contrary, credits an interest on funds in the account which are not involved in trading. The interest rate for a MarketPro account is 8% per annum and is based on the average value of free funds for the current month and is credited to the trading account at the end of each month.
What do we get out of this? For example, we have a $3000 account. We traded 23 lots in our MarketPro account, while half of the funds were not involved in trading. Therefore, the Spread Rebates service will pay us an additional $46, and the Interest on Free Funds - another $10. The resulting amount - $56 - is quite a nice increase for a trader's income! Premium amounts for services can be withdrawn without any limitations. It isn't hard to figure out that you earn as soon as your trading generates a zero result.
The whole picture is even further improved by a nice First Funding Bonus that does not change the stop-out level. It is clear from the name, when you fund your account for the first time, it is credited with 20% bonus money that can be used to increase trading volumes and, on the other hand, serve as a 'safety cushion' for the trader. Please, note that this bonus cannot be withdrawn.
Figures, facts?
MarketPro trading conditions can be evaluated even before an account is actually opened. You can see the size and dynamics of the spread, execution speed and other significant figures online, at FreshForex website, and also read statistics for the currency pair of interest within a specific timeframe. It is really convenient!
But we recommend opening an account and testing it in practice to appreciate all advantages of MarketPro. We are sure you won't be disappointed with the result!
Will an affordable NDD account become a market standard? This is a question of time. Today MarketPro from FreshForex is a perfect illustration of a new market trend in terms of a set of advantages and democratic requirements. The market answers in kind - there are increasingly more advocates of such accounts in the traders' community.
