Cyprus-regulated forex broker Fibo Group announced it is improving the trading conditions on its cTrader NDD accounts, starting from July 3, 2017.
According to the new conditions, the leverage will be raised to up to 1:400, while the minimum deposit requirement will be reduced to $100. Currently the maximum leverage on the cTrader NDD account is 1:100 and the minimum required deposit is $300.
The new Stop Out level will be 20%, which is expected to minimize losses.
Additionally, Fibo Group adds a new account currency – the Euro, in an effort to minimize expenses for its clients from the eurozone.
Apparently, the average spread on this type of accounts will remain 0.2 pips on the most popular forex pair EUR/USD, plus a commission of $6 per lot round turn. The cTrader NDD account offers trading in around 40 forex pairs, including majors, minors and some exotics.
Another trading platform offered by Fibo Group is the popular MetaTrader 4.
Fibo Group has licenses from the offshore Financial Services Commission (FSC BVI) and CySEC, as FIBO Group Holdings Ltd. The Cypriot branch of the broker offers trading in 42 currency pairs, as well as CFDs and spot metals, and a leverage of up to 1:400.