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Mayzus Changes Trading Conditions on LITEForex, REALForex Accounts

Mayzus, the Cypriot Forex and CFD broker, has announced a raft of changes to the trading conditions on its LITEForex and REALForex accounts.
 
We'll start with the change to spreads – to affect the LITEForex accounts from December 2, 2013 – they will no longer be fixed but will instead become variable, as on REALForex accounts. This is a bit of bad news for newbies who have been using LITEForex accounts, as these are especially fit for those who make their first steps in the field of Forex trading. But variable spreads are harder to handle by newbies as they may get larger during certain periods of time – especially around publications of economic news. 
 
On the brighter side, also starting from December 2, 2013, owners of LIEForex accounts will be able to trade with the same variety of instruments as owners of REALForex accounts. As a result, various contracts for difference (CFDs) – on shares, commodities and indices, will be available for trading. 
 
One more change will happen on this date, with the minimum initial deposit on REALForex accounts will be cut to $25 – as on LITEForex accounts. I believe that you get the point – both types of accounts are becoming more similar. Wait – there will be a major difference from February 3, 2014 and it will concern execution.
 
From this date, the execution on LITEForex accounts will become Market, while on REALForex accounts it will remain Instant. We've already discussed the differences between Market and Instant execution when Exness Forex broker  started offering market execution on its Classic and Mini accounts in the end of August. 
 
With instant execution, the broker may either execute the order at the precise price requested by the trader or not execute the order at all. Then, the trader sets the “take profit” and “stop loss” level when he enters the order. With market execution, on the other hand, the order may not be executed by the broker at the precise price requested, but at a market price. The setback stems from the risk that sometimes, particularly during periods of volatility, the market price is far away from the trader's requested level. This may bring not only great profits but also great losses.
 
In conclusion, there is a change in Metals trading conditions, effective as of today for all types of accounts. The pairs with EUR will move to close only mode, due to low demand. 
 
 
 

About MAYZUS Investment Company

 
MAYZUS Investment Company is a Forex broker registered and regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers a wide range of trading platforms, including ECN and STP ones, fixed and variable spreads starting from 2 pips and leverage of up to 1:500. MAYZUS Investment Company's clients enjoy an excellent customer support team, various bonuses and promotions, and a rebate program. The company's technological infrastructure is designed to support an around-the-clock trading environment with almost 100% uptime. Systems are rigorously tested and connected through multiple Tier 1 Internet Service Providers, ensuring uninterrupted connectivity for clients worldwide.
TAGS: mayzus  mayzus forex broker  mayzus cyprus  mayzus accounts  forex accounts  forex broker  spreads  variable spreads  order execution  market execution  instant execution 

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