RoboMarkets, a European broker, announced this Thursday that it had changed the trading conditions on offer for ECN-Pro and Prime account holders until the end of this year.
In particular, the spread values on ECN-Pro accounts are now similar to those available on Prime account, with leverage for ECN-Pro accounts having been increased to 1:500. The maximum leverage allowed is only available for the broker’s professional clients, the statement released today said.
In addition to leverage being increased for ECN-Pro accounts, until the end of 2020, the minimum deposit amount for premium accounts has changed. Specifically, clients can now make a minimum despot of USD 100 instead of USD 5,000, which was previously required. The leverage value available to Professional clients has been increased up to 1:300.
Commenting on the changes, Anton Ivanov, a marketing manager at RoboMarkets, said in the statement: “We’re holding to our course on the improvement of trading conditions. Standing in close relations with our clients, we analyze the statistics and implement new technologies in order to follow our priorities for compliance with the highest quality standards.
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“This promotion will allow RoboMarkets clients to take their trading operations to a brand new efficiency level and trade on some of the most competitive trading conditions in the industry throughout the entire year.”
RoboMarkets joins the zero-fee race
Today’s announcement follows on from the broker recently jumping on board the zero-fee wagon. As Finance Magnates reported, the broker launched a new offering where its clients can trade stocks of American companies without fees.
This offering is available through the broker’s R Trader platform, a multi-asset trading platform. In particular, the company has launched more than 3,000 stocks of the largest American companies, such as Amazon, Facebook, Netflix, Google, and more.
The conditions of the commission-free trading include no limitations on the maximum number of orders, 1:1 leverage, and no financing fees.