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Mayzus to Stop Offering LITEForex Accounts

Mayzus, the Cypriot Forex broker, today announced that it will cease offering LITEForex accounts to its traders from February 3, 2014. The change effectively merges the two types of Classic accounts available at the broker: LITEForex and REALForex. 

 
As a result of the merger, the clients of the broker who wish to have a Classic account with Mayzus for the Metatrader 4 platform will be able to open only a REALForex account, which will offer the following trading conditions:
 
- trading with Forex, CFDs, Metals, Commodities;
- minimum deposit of $25;
- variable spreads;
- maximum leverage of 1:500 for Forex;
- minimum trade contract size of 0.01 lots.
 
You must be wondering about the type of execution: there will be two options – market or instant execution. As you know,  both types of execution have their pros and cons. With instant execution, the broker may either execute the order at the exact price requested by the trader or not execute it at all.  In the case of market execution, the broker is allowed to execute at a price differing from the requested one.  The disadvantage of market execution is that the market price may differ markedly from the one requested – which raises the chances of great profits or hefty losses. 
 
In our humble opinion, Mayzus did well in combining the two types of accounts – after all, they did not differ that much – especially after November 2013, when the trading conditions on them were changed and they got nearly identical. The sole difference at this point is that the maximum trade volume is 10 for LITEForex accounts and 100 for REALForex accounts – this will change in favor of the bigger figure on February 3, 2014. 
 
As we've mentioned earlier, the holders of REALForex accounts will be able to trade on the MT4 platform, which now comes in a web version. The browser-based platform is still in its beta age but you can test it – in case you wish not to risk with a live account, you can also use a demo. 
 
 

About MAYZUS

 
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  cyprus forex broker  mayzus accounts  forex accounts  liteforex  realforex  classic accounts  spreads  order execution  market execution  micro lots  instant execution  forex trading 

More news about Mayzus

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

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