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RoboForex Says Goodbye to Power Trader

Jan 15 2013
By
Forexbrokerz.com

RoboForex has just announced that it is discontinuing its Power Trader ECN accounts. The explanation for this somewhat surprising move is that the broker is soon launching a brand new ECN trading platform that will replace Power Trader. 

 
We should have guessed that something like that was about to happen – less than a couple of months the broker cut spreads and commissions on Metatrader 4 (MT4) ECN accounts. I have to admit that back then I didn't ask myself why only MT4 – I just figured that the RoboForex's customers were more interested in MT4 but as it turns out, there's a lot more behind this. 
 
As of today, traders can no longer open Power Trader ECN accounts. Everyone using the platform has until 11 pm EET on January 17, 2013 to close their open positions – unless they want these to be force-closed by RoboForex.  
 
The same goes for withdrawals: Power Trader users who don't cash out their available account balances by January 17, 11 pm EET, will have their money transferred to a MT4 or MT5 account. 
 
 
RoboForex's Power Trader is developed by Integral, a leading forex software publisher, and is designed to cater the needs of professional traders. It offers very fast STP execution, a large variety of order types (Market, Stop, Limit and OCO), market depth, and an integrated MAM module. What I like best about Power Trader is the fact that it is completely compatible with MT4 Expert Advisors (Eas), together with the guaranteed stops.  
 
With Power Trader, RoboForex's clients can trade 23 currency pairs at variable spreads starting at 0 pips. Even though the platform targets forex professionals, its is also accessible for customers with smaller portfolios: the minimum deposit requirement is as low as $300, the maximum leverage is 1:100 and the minimum trade size – 5 micro lots (5,000 currency units). 
 
 
RoboForex doesn't state the reason for replacing Power Trader but I dare speculate that it will roll out an even better platform – or at least I hope so. In the meantime, traders can continue taking advantage of the broker's MT4 and MT5 ECN accounts, which offer equally good, if not better trading conditions. There will be no changes made to the other account types that RoboForex offer: Fix-Cent, Fix-Standard, Pro-Cent, Pro-Standard, ECN-Pro NDD (Metatrader only), and ECN-Fix NDD. For more details, click here: RoboForex Account Types.
 
 

About RoboForex

 
RoboForex LP or simply RoboForex is an online forex brokerage firm registered in New Zealand that offers STP model with Bridge Technology to provide its clients both individuals and organizations with services in international financial markets.
 
RoboForex LP is a member of the Financial Services Complaints Ltd. (FSCL) that provides resolutions to disputes amongst participating financial services providers and their clients. 
 
The broker offers excellent trading conditions: tight fixed and variable spreads, swap free accounts, leverage of up to 1:500 and fast execution carried out via the MT4, MT5 or Power Trader platforms. 
TAGS: RoboForex  forex trading  forex spreads  forex commission  ECN  MT4  Power Trader  trading platform  forex execution  Integral  STP  currency pair  forex software 

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