Broker Details
Storm FX Markets is an online trading broker based on the MetaTrader4 platform. This has separate applications or software for Windows, MacOS, Linux, Android, and iOS.
There are both Demo and Live accounts available on Storm FX Markets. Clients can trade without funding and without any risk of losing money on a Demo account. The demo account is mainly for Beginners. On the other hand, the live account is for actual trading. Clients will invest their money, trade on assets, and make a profit or loss.
Storm FX Markets provides five types of live accounts available for trading. These accounts are named Mini account, ECN account, ECN Pro account, PAMM account, and Social Trading account. All the individual features of different accounts are described:-
- Mini Account:- This account starts with a minimum of $200 deposit. This account has its spread starting from 1.6 pips. The maximum leverage in this account is 1:200. The commission is $7 round turn per lot.
- ECN Account:- This account requires a minimum deposit of $1000. The spread in this account starts from 0.8 pips. The maximum leverage in this account is just the same as the Mini Account. The commission in this account is $8 per round turn lot.
- ECN Pro Account:- This account starts with a $5000 minimum deposit. This account comes with a true raw spread. The leverage in this account is maxed at 1:100. The Commission charged in this account is $9 per round turn lot.
- PAMM Account:- This account requires a minimum deposit of $200. The spread in this account is 1.6 pips and the leverage in this account is 1:100. The commission charge in this account is $6 per lot.
The Social Trading account has no specified numbers. This is why it is not discussed here.
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