FAQs

Registration & Account

As a regulated company, we operate in accordance with a number of compliance regimes and procedures set by the Financial Services Authority of Seychelles. These procedures involve the collection of adequate documentation from our clients with regards to KYC (Know Your Client), including the collection of a valid ID card and a recent (within 3 months) utility bill or bank account statement that confirms the address the client has registered with.

Yes, You can open two trading accounts for each account type.

Trading Conditions

Spreads are the difference between the ask and bid price. Our VIP account spreads start from 0 pips spreads, while our Standard Account starts from 1.1 pips. Note that during major news, markets can be volatile which leads to wide fluctuations in spreads.

Leverage is the multiplier of your equity.
Example: When using leverage of 1:500 to open a position of 1 Lot EUR/USD, as long as 1 Lot is equivalent to 100,000 base currency (100,000 EUR in our case), then you need a free margin of 100,000/500=200 to able to open 1 Forex Lot.
The usage of leverage is considered high risk because even though you can open a 100,000 EUR position with a margin of 200, the profit/loss will be based on the 100,000 EUR amount.