Being the major Latvian broker, Renesource Capital offers as many as 90 Forex pairs and a wide choice of trading platforms. In this system, one can deal with commodities, corporate stocks, futures, contracts, etc.
Renesource Capital is a well-known Latvian broker offering a wide range of trading opportunities. The platform has a Forex license since 2013. The clients of this framework can deal with 90 Forex pairs, many of which have never been offered by other Latvian platforms. Here, one can also trade gold and silver, energy CFDs, copper, options, exchange traded funds, shares, futures, and so on.
The website of Renesource Capital attracts market experts due to the following reasons:
As regards the weak sides of the broker, they are as follows:
There are four account types in this ecosystem:
FX Micro, with the minimum deposit of $10 and the floating spread type. The dealers, who have selected this variant of personal cabinet, have a 30% margin call and a 10% stop out. They can trade all sorts of currency pairs and precious metals.
FX Classic, the cabinet with the minimum contribution of $500 and the leverage of up to 1:100 (from 1%). The smallest order size here is 0.01 lots. With the FX Classic, expert advisors and scalping are allowed.
FX Pro, offering the users a wide choice of trading platforms, all sorts of business instruments, and the floating spread type. The size of contribution ranges here from $1,000, while the minimum price step in the Forex market amounts to 0.1 pips.
FX Prime, the most expensive account with the deposits beginning from $50,000, and all sorts of trading instruments.
As you see, the system of Renesource Capital is accessible to a number of small retail investors, as well as experienced corporations with the high aspirations. The rate of taxes varies from 10% to 15% depending on the type of the transaction. The level of leverage is rather small – only 1:100 for all types of accounts. The spread starts from 0 pip. The traders from US are allowed to use the services of the software on an equal basis with other countries.
In order to deposit or withdraw money, you’ll have to use bank transfers only; the website doesn’t accept any credit cards and electronic payment systems. That makes the broker less attractive for the dealers, who prefer to use, for instance, PayPal or Skrill.