Forex broker FreshForex said on Friday it has launched an SMS Notification service that its clients can use to manage their trading accounts.
SMS Notification can be activated by all clients. Traders can use the service to control their accounts without authorization in the terminal or Client Area.
The service, which is free of charge, informs users through an SMS when they achieve margin below 100%. In such cases, traders can easily fund their accounts using mobile payments.
Recenly, FreshForex reduced the margin requirements for clients who operate accounts with a large balance. The broker offers three types of accounts – Classic, Market Pro, and Electronic Communication Network (ECN). For Classic accounts the maximum leverage rate is 1,000:1, while for the other two types of accounts the maximum leverage was increased to 500:1 (the rates vary depending on the account balance).
The broker has stop out levels of 20% for Classic accounts, 40% for Market Pro accounts, and 60% for ECN accounts, as well as a margin call of 100% for all account types.
FreshForex is a brand of Riston Capital, an investment company based in St. Vincent and the Grenadines. The broker offers online trading in forex and contracts for difference (CFDs) on metals, stocks, indices, and energy futures, as well as analytical, educational, and training services.
FreshForex is a member of Russia’s commission for the regulation of relations on financial market, KROUFR. In the Russian market, the broker had a monthly trading volume of an average $3 billion in 2015 and about 7,800 active accounts.