Renesource Capital

Editorial Rating:
2.25
Accept US Traders:
No

Renesource.com

Touted as a “low cost broker”, Renesource is part of the AS IBS Renesource Capital group and registered in Latvia. From its foundation in 1998, this company moved into the online marketplace in 2009 and since then it’s became a popular destination for Russian Forex traders.
Although focusing heavily on the Baltic market, Renesource is a global entity and services clients across the world (excluding the US).

Renesource.com’s Special FX:

For those who are fluent in Russian a comprehensive research section gives Renesource the edge when it comes to market analytics. Although somewhat inaccessible to non-Russian speaking traders (something which can easily be fixed by using an online translator), the insight into the Baltic state currency market is second-to-none. Indeed, for those that want to trade in less popular currencies this site provides the perfect platform.

In addition to providing an informed insight into the Eastern European currency market, Renesource operates a strict anti money laundering policy which helps to assure the security of client funds. Indeed, the company operates under three conditions when dealing with account funding:

The do not accept cash payments.

The do on accept payments from the third party bank accounts.

They actively comply with all anti money laundering and anti terrorism laws and regulations.

The Essentials:

Renesource uses MetaTrader 4 as its portal to the FX market and beyond a demo account traders can take advantage of three account options, each with differing conditions:

FX Micro:
Minimum deposit = $10
Account currency: USD, EUR
Floating spreads (starting from 0.6 pips)
No commission
Minimum fluctuation = 0.00001 = 0.1 pips
(For JPY currency pairs the minimum fluctuation = 0.001 = 0.1 pips)
Leverage = 1:100
Minimal trading amount 0.01 lots = 1,000 base currency units
No margin for hedging strategies
Margin Call limit = 30%
Stop Out limit = 10%

FX Classic Account:
Minimum deposit = $500
Account currency: USD, EUR
Floating spreads (starting from 0.6 pips)
No commission
Minimum fluctuation = 0.00001 = 0.1 pips
(For JPY currency pairs the minimum fluctuation = 0.001 = 0.1 pips)
Leverage = 1:100
Minimal trading amount 0.01 lots = 1,000 base currency units
No margin for hedging strategies
Margin Call limit = 50%
Stop Out limit = 30%

FX Pro Account:
Minimum deposit = $1,000
Account currency: USD, EUR
Floating interbank spreads (starting from 0 pips)
Commission from $500 on $1,000,000 trades
Minimum fluctuation = 0.00001 = 0.1 pips
(For JPY currency pairs the minimum fluctuation = 0.001 = 0.1 pips)
Leverage = 1:100
Minimal trading amount 0.1 lots = 10,000 base currency units
No margin for hedging strategies
Margin Call limit = 50%
Stop Out limit = 30%

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