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Stay away from this broker. The weekend trading might seem attractive for algo-trading, but the charges are so astronomical that it is almost a scam. First of all, they have a huge spread, which is about 5-6 times larger than normal. On top of that, the actual spread is about 2 times higher than what they claim and signal to you. If that is not enough, they will also charge a quite hefty commission (0.13%) per trade. At that point it is almost sure that you will lose money, but even if you win they will charge you another "hidden" commission upon closing the trade, which is severe. To demonstrate let me give you an example. You open a (EURUSD) trade with a 0.1 minilot where the volume is usually 100k. You will lose about 40$ on the spread, another 8$ in trade-open commission, but lets say you very lucky and you managed to make 20$ profit. You close your trade and you do not see any further deductions in mt5. Then you take a look at your balance and you see that it has been reduced by about 30$. No proper customer service, no explanation.
Andras 7 December, 2020 Reply