|Brief info about the broker|
|Name of the company:||VerumFX|
|Minimum deposit:||100 USD/ 5000 RUB|
|Trading platform:||MetaTrader 4|
|Instruments:||currency pairs, gold spot, silver spot, and oil spot|
|Minimum lot size:||0.01 lot|
|Maximum number of transactions:||not limited|
|Margin Call:||at Margin Level less than 100%|
|Stop Out:||at Margin Level less than 70%|
VerumFX is a brokerage company established to open for traders the real classic (i.e. the most profitable) Forex market. The company promptly gained popularity among traders in CIS and far-abroad countries.
VerumFX Company offers everyone a chance to trade like a professional — under the most transparent and honest conditions. This is why VerumFX founders considered the experience of the best brokerage companies in the USA and Europe and offered its clients classic Forex with no bonuses, actions, commissions refund, etc.
According to the company’s representatives, any marketing tools aimed at getting here-and-now profit are additional expenditures of the brokerage company, and the company pays out bonuses and refunds commissions from its own money. These are non-functional expenditures, and they can threaten the financial stability of the broker and put its clients’ funds at risk. VerumFX refuses such expenditures and offers its clients much more important benefits than actions or bonuses: favourable trading conditions and reliable protection of funds.
Equal Conditions for Everyone
VerumFX tends to make professional trading available to everybody regardless of their experience, skills, or deposit amount. This is why the broker does not offer any privileged accounts with more favourable conditions: every client, a beginner or a «market shark», gets equally beneficial conditions for effective trading.
5 Digit Quotes
Unlike the majority of brokerage companies, VerumFX offers not 4 digit, but 5 digit quotes (5 digits after decimals). Such quotes are more favourable because they allow traders to make profit even from minor price fluctuations, and it means traders have more possibilities for successful trading. Traders who prefer short-term trading (scalping) highly appreciate such quotes.
Certainly, every Forex trader determines appropriate risk/profit tradeoff individually according to his trading strategy. Nevertheless, VerumFX takes efforts to minimize trading risks and maximize chances to make profit, and this is why the company grades leverage depending on the account balance:
less than 25 000 USD — leverage is 1:1 — 1:200
25 000 — 100 000 USD — leverage is 1:1 — 1:100
more than 100 000 USD — leverage is 1:1 — 1:50
That is, if the account balance is lower, the trader can use higher leverage in order to maximize potential profit. And if the account balance is quite high, the broker limits risks and lowers leverage.
Deposit and Withdrawal of Funds
Funds are deposited and withdrawn fast and with no delays, and to protect all customer financial transactions VerumFX introduces account verification (confirmation of personal data).
Another VerumFX specific feature is that the company uses prime brokerage to provide traders with the best liquidity and to introduce trades to the interbank market. VerumFX proves that the true goal of the brokerage company is to be a link between the trader and the market with practically no interference to the trading process.
Prime broker receives market prices from world leading banks and through the liquidity aggregator provides to VerumFX only the most favourable for traders quotes. When the trader opens a trading operation in the trading platform, his order is instantly processed under STP technology and is introduced to the prime broker that executes this trading operation on the interbank market. It ensures high speed of orders execution and allows traders to trade on the true Forex market.
What is the Company’s Profit?
Most traders wonder what is the profit of the brokerage company, and is the company interested in clients losing their money? VerumFX conditions are absolutely transparent: the company’s profit is markup — it is a low sum added to quotes/spread. Markup is added to the prices provided by the prime broker, but the quotes always remain favourable for traders. This means the company benefits only from active trading and profits of its clients, as the company’s profit depends only on the trading activity of all its traders.
Conclusions: VerumFX is a choice of a modern trader who appreciates safety and professional approach. Here everyone can find beneficial conditions to trade and make profit on the Forex market, and be sure that all trades are introduced to the interbank market.