If we talk about the intermediary Renesource Capital , then it has an undefined status. Founded in 1998. The operating license was issued by the FCMC – the Latvian Financial and Capital Market Commission. You can become a partner of a broker in order to earn money by attracting clients to it.
Renesource Capital and its terms
Live accounts are divided into two types: FX Classic and FX PRO. The size of the deposit is from 500 USD and from 1 thousand dollars, respectively.
- A trade has a minimum size of 0.1 lot.
- Renesource Capital’s spreads are floating and interbank spreads.
- Bank transfer can be used for payments.
- Trading software is MetaTrader 4 and many more terminals.
Investment programs include money management and personal broker. There are no bonuses, no contests are held, but this should not be taken as a tragedy. The account currencies are the dollar and the euro. Financial security is 1%. The price step is 0.1 pips or more.
Leverage reaches 1: 100. Pending orders can be placed at any level of the market value. Trading with EA and algorithmic trading models is 100% supported. There is no margin for hedging strategies if two positions are opened that are opposite in value. The margin call and stop out values are 50% and 30%, respectively.
The broker takes a commission, but this is a fairly common practice. There is a “Close By” function. In the Baltic States, Renesource Capital has a rather high rating, because the named market participant is considered one of the largest investment and brokerage centers in the region. A private structure is not obedient to holdings or banks.
How can you trade on the market?
Of the available trading instruments, there are Forex, stocks, contracts for difference, futures, bonds, OTC. To deposit money, you will need to provide the documents required to open an account. Now you have to wait for approval. Deposits and withdrawals are charged to identical details.
The company adheres to the high EU standards on the Renesource Capital official website. It is possible to order additional investment services, but this does not look like an imposition. If in relation to the company you are a non-resident, you can send a package of documents to open an account by mail. The circulation of documents is carried out in three languages: Russian, English, Latvian.
Negative sides
Among the minuses, one can name excessive bureaucracy for residents of other states, and the calculation is only through a bank transfer. About Renesource Capital in the reviews they write that it acts as a financial scam. First, the newcomer is offered various ideas for investments, and then the swindlers steal money to the maximum.
Believe the comments on the Internet or not – everyone decides for himself. The truth can be written here – or a made-up story written to order.
