MTBankFX adds new instruments, alters trading conditions

MTBankFX adds new instruments, alters trading conditions

- in All News, Forex Brokers
MTBankFX

MTBankFX, the forex broker arm of Belarus-based lender MTBank, announced it has expanded its offering with 12 new popular stock indices and futures on crude oil. In addition, the broker has altered some trading conditions, including commission fees  and margin rate.

The broker is also setting dynamic commissions, which vary, depending on the total volume of transactions a trader generated in at least he last 30 days. The higher the volume they have, the better commission traders will pay. Calculation of the commission fee is based on the values for the current hour, which are used for trades executed in the next trading day.

Folloшing are more details about the new commissions fees:

Trading volume (in USD)

Commission

For forex instruments

For precious metals and futures instruments

<50000

0.0120%

0.0180%

50 000

0.0110%

0.0165%

100 000

0.0106%

0.0159%

250 000

0.0096%

0.0144%

500 000

0.0090%

0.0135%

1 000 000

0.0086%

0.0129%

5 000 000

0.0080%

0.0120%

MTBankFX has also introduced a new model for calculation of the maximum leverage rate available. The higher the account balance, the lower the leverage traders get. Following are details:

Account balance in USD Leverage
0 – 50,000 100:1
50 001 -100 000 50:1
100 001 – 500 000

30:

500 001 – 2 000 000 20:1
> 2000001 10:1

In addition, the broker has also added negative balance protection. The Minimum account size, which is fixed in the absence of liquidity and high volatility in the market is zero.

MTBankFX commenced operations in mid-July 2016. With its launch, MTBank became the first bank to offer forex trading services in Belarus. The broker uses the electronic communication network (ECN) technology of Swiss forex bank and broker Dukascopy Bank.

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