These days, traders are offered a sea of moneymaking opportunities when it comes to trading Forex and other financial markets. Broking companies keep evolving along with the markets, thereby offering more and more competitive trading conditions along with innovative products and services to let their clients improve the quality of their trading.
At the same time, more broking companies become oriented towards beginners. They understand that it is beginning traders who will make the future of Forex and other financial markets. They are willing to help them to grow into winning professionals since they hope for long-term cooperation with them.
That is why brokers open cent accounts and introduce various bonuses and promotions to help beginners make their first steps in a rough trading environment.
FIBO Group is one of such client-oriented broking companies.
МТ 4 Starter: Trading and Training
To have a closer look at FIBO Group’s offer for beginning traders, let’s first read the new release published on March 11th, 2013 on its official website. It reads:
MT4 Starter trading account for beginners
We are glad to inform you about the launching of “Get-to-know account” promotion designed especially for the newbie traders. MT4 Starter account (with the cut minimum deposit and other trading requirements) is to help inexperienced traders get familiar with Forex and gain their first practical experience in self-trading without having any risk to lose their money.
The promotion rules:
The client should open just one “Get-to-know” MT4 Starter account;
MT4 Starter account has no requirements for the starting deposit balance. Maximum leverage is 1:200. It is possible to start trading after registration and deposit of the sum allowing to open a position with the minimum lot accounting to 1,000 units of base currency;
MT4 Starter account has some requirements regarding maximum volume of the positions opened at one time (not more than 0.2 lot) and maximum quantity of the positions opened at one time as well (not more than 5).
The promotion is available from 11.03.2013 till 10.06.2013. Upon the promotion completion it will be impossible to open new MT4 Starter accounts, while the already opened accounts may be traded on further. To trade without any requirements the client should open any standard account.
We wish you good luck and successful trading!
Best regards,
FIBO Group.
Account Specifications and Conditions
Now let’s take a closer look at the specifications and conditions offered to beginning traders:
· Trading platform - MetaTrader 4
· Techonology of execution of orders - Market Maker
· Minimum deposit - $0
· Fifth decimal point – No
· Minimum lot/volume step - 0.01/0.01
· Minimum spread - from 2
· Commission – No
· Leverage – 200
· Stop Out level – 20%
· Currency of account - EUR, USD, RUR, CHF, GBP
· CFD trading oppurtunity – yes
· Amount of currency pairs – 60
· The quantity requirement of open positions - yes*
· The volume requirement of open positions - yes**
· Real account – yes
· Demo account – no
* The maximum quantity of open positions — 5
** The maximum total volume of open positions 0,2 lot
As you can see, these are pretty decent specifications and conditions for beginning traders. So, if you are just making your first steps in Forex trading, please come and join FIBO Group’s MT4 Starter today!
