• Cent account broker needed

Posted: **Thu Oct 03, 2024 6:19 pm**

SijjiN wrote: Thu Oct 03, 2024 6:02 pm This is my live account, this case GBP wallet and account. (this are the options GBP / USD / EUR )

I Put a screenshot for you to check the spread and to see it is live account.

Are you sure they are giving 500:1 leverage though? If this is the London side of the company then they are listed with the FCA and so must demand around 3% margin to cover trades (= 33:1 leverage).

Negative account protection was one of the trade offs given when the reduced leverage amounts came in for EU and UK broker accounts (around 2019).

Posted: **Thu Oct 03, 2024 6:22 pm**

Ogee wrote: Thu Oct 03, 2024 6:19 pm Are you sure they are giving 500:1 leverage though? If this is the London side of the company then they are listed with the FCA and so must demand around 3% margin to cover trades (= 33:1 leverage).

Negative account protection was one of the trade offs given when the reduced leverage amounts came in for EU and UK broker accounts (around 2019).

Hi Ogee,

Normal accounts are 500:1 max.
In the case of cent account it can go as high as 1000:1.
See the screenshot.

Posted: **Thu Oct 03, 2024 6:27 pm**

Ok,

If you guys keep getting redirected and cant create a new 500:1 account because of the European bullsh1t, just use a VPN to open the international site without the redirection issue happen, and create the account.

Hope this tip can help some of you.

Posted: **Thu Oct 03, 2024 6:36 pm**

I confirm, I just spoke to customer support on chat and tried the demo. For non-UK residents, an account is opened at the Mauritius office with 1:500 leverage. Be careful because they don't accept scalping, so if you make trades of less than three minutes they close your account. For the rest, they have good conditions in my opinion if you use capital from €1,000 upwards, because they don't charge commissions, only spreads.

Our friend Sijjin confirms that they are fast in execution, the slippage seems limited if I understand correctly, so for day trading it would be ideal, if you avoid scalping. Payments seem to be regular, they are UK certified and so seem solid.

Thanks for this tip Sijjin!

Posted: **Thu Oct 03, 2024 6:38 pm**

SijjiN wrote: Thu Oct 03, 2024 6:27 pm Ok,

If you guys keep getting redirected and cant create a new 500:1 account because of the European bullsh1t, just use a VPN to open the international site without the redirection issue happen, and create the account.

Hope this tip can help some of you.

Under VPN you open the demo without any problems, but when you open the real account and they ask for proof of residence, what happens?

Posted: **Thu Oct 03, 2024 6:43 pm**

lukgoku wrote: Thu Oct 03, 2024 6:36 pm I confirm, I just spoke to customer support on chat and tried the demo. For non-UK residents, an account is opened at the Mauritius office with 1:500 leverage. Be careful because they don't accept scalping, so if you make trades of less than three minutes they close your account. For the rest, they have good conditions in my opinion if you use capital from €1,000 upwards, because they don't charge commissions, only spreads.

Our friend Sijjin confirms that they are fast in execution, the slippage seems limited if I understand correctly, so for day trading it would be ideal, if you avoid scalping. Payments seem to be regular, they are UK certified and so seem solid.

Thanks for this tip Sijjin!

Not sure about how good the Mauritius regulator is but certainly won't be covered by the UK FCA.

Posted: **Thu Oct 03, 2024 6:47 pm**

Ogee wrote: Thu Oct 03, 2024 6:43 pm Not sure about how good the Mauritius regulator is but certainly won't be covered by the UK FCA.

yes I agree, but mine was more about the solidity of the broker than about regulatory coverage.

Posted: **Thu Oct 03, 2024 6:47 pm**

lukgoku wrote: Thu Oct 03, 2024 6:38 pm Under VPN you open the demo without any problems, but when you open the real account and they ask for proof of residence, what happens?

You send your proof of residence, they activate the account, and it is done.

You start trading your live account.

Posted: **Thu Oct 03, 2024 9:20 pm**

SijjiN wrote: Thu Oct 03, 2024 2:45 am Hi Phil,

This is one of the brokers that I use, and the one with cent accounts, super clean, super fast withdrawals too.
Been with them for 4 years plus. No problems super support team.
( 500:1 leverage )

https://hmarkets.com/

Hi,

Thanks for the recommendation.

I didn't know this Broker.

Posted: **Thu Oct 03, 2024 10:07 pm**

lukgoku wrote: Thu Oct 03, 2024 6:47 pm yes I agree, but mine was more about the solidity of the broker than about regulatory coverage.

Fair enough, it's not a major concern for a lot of people but most will not want to leave more money than is necessary in the account, just in case.

Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed

Re: Cent account broker needed