Trading Account Rules & Conditions in Trendo Broker
Trendo Broker is an international online brokerage that enables users from around the world to engage in trading across global financial markets, including the forex market and digital currency markets. With its unique and specialized services, Trendo Broker has established its position among international traders.
In this section, we will first introduce the advantages and features of Trendo Broker and then review the rules of trading accounts.
Advantages and Features of Trendo Broker
Trendo Broker boasts unique advantages and features, which include:
Diversity of Trading Symbols in the Forex Market: Trendo Broker offers over 100 trading symbols, providing traders with a broader range of trading opportunities. This diversity helps traders reduce their trading risk and increase profitability through better risk management.
Offering the Lowest Possible Spreads: Trendo Broker prioritizes providing the lowest possible spreads. Leveraging robust infrastructure and connections to the largest liquidity providers (LPs), it has managed to offer competitive spreads to its users. For instance, the spread for major currency pairs at Trendo Broker is zero (0.0), and the spread for the gold symbol (XAUUSD) is less than one pip.
Lowest Trading Commissions: Trendo Broker assists traders in maximizing their profits by offering lower trading commissions compared to its competitors.
Lowest Swap Rate: Alongside offering the lowest trading commission, Trendo Broker also has a low rate for trading swaps. This allows traders at Trendo Broker to maintain their positions for the long term without concern for swap costs.
Islamic Account (Swap-Free Account): Trendo Broker also offers an Islamic account or swap-free account for its Muslim users, allowing them to conduct their trades in accordance with Islamic principles. To activate an Islamic account, you can contact Trendo’s 24-hour support.
High-Speed Trade Execution: Trendo Broker enables users to capitalize on trading opportunities in the best possible way with high-speed trade execution and without requotes.
Easy and Fast Payment Options with Online Gateways: Trendo Broker has facilitated easy payment and rapid account funding for traders by offering online payment gateways and supporting bank cards.
Incentive Plans and Free Bonus Offers: Trendo broker, in order to create the best trading conditions, has considered various incentive plans such as the Referral program, Cashback plan, free welcome bonus, and a 10% deposit bonus for its customers. You can simultaneously use all of Trendo broker's incentive plans and there is no limit to the use of these incentive plans.
Offering trading credit: Trendo Broker allows traders to use financial leverage up to a limit of 1:1000, enabling them to earn more profit with less investment. However, it should be noted that using financial leverage also increases the risk of trades, and high leverage should only be used in trades where there is a high level of confidence.
Ease of Buying and Selling Cryptocurrencies: Trendo provides a user-friendly and dedicated trading platform for cryptocurrencies, enabling traders to buy and sell easily and quickly.
High user trust: Trendo broker, with over 200,000 downloads from reputable platforms, is one of the most popular trading brokerages and this indicates the high trust users have in this broker.
Opening Multiple Real and Demo Accounts in One Account with the desired currency: At Trendo Broker, users have the flexibility to open multiple trading accounts with various currencies, such as USD, GBP, EUR, and more. There are no restrictions on the choice of currency when opening accounts. Whether you want to trade with real funds or practice with demo accounts, Trendo Broker accommodates your preferences.
Transaction Security: Safeguarding user information and assets has always been a fundamental principle at Trendo Broker. Trendo, using advanced security protocols, guarantees the security of users' accounts and their transactions.
Trendo Broker Trading Rules
Trading Account Rules and Conditions at Trendo Broker:
1. Account Types: All accounts offered by Trendo Broker are of the ECN type. This means that transactions in these accounts are executed with high speed and transparency, and they also have minimal spreads.
2. Base Currency for Each Account: Users can choose from 11 different base currencies for their trading accounts, including USD, EUR, GBP, etc.
3. Islamic Account (Swap-Free): In Trendo’s Islamic account (swap-free), only the gold symbol (GOLD) and major currency pairs are swap-free (without any time restrictions). Other trading symbols still incur swaps. It’s worth noting that the Islamic account has no difference in terms of commissions and spreads.
4. Multiple Real and Demo Accounts: Each user is allowed to have only one verified account. However, within this account, users can have up to 20 active real or demo (test) trading accounts. If the number of trading accounts exceeds this limit, the additional accounts are archived and not displayed.
At Trendo broker, the commission is $3 per lot for each side of the transaction. In fact, for opening and closing a transaction at Trendo, only $6 commission is paid; this amount is among the lowest trading commissions in the Forex market.
5. Copy Trading System: Trendo offers two modes in its copy trading system: PAMM (Percentage Allocation Management Module) Accounts and CopyTrade Accounts. For more information on each, you can visit the PAMM Account and CopyTrade Account pages.
6. Instant Deposit and Withdrawal: Trendo supports instant deposit and withdrawal methods. The minimum deposit amount at Trendo Broker is $10. For a complete understanding of the trading rules and conditions at Trendo Broker, you can refer to the deposit and withdrawal methods page .
Leverage Rules and Conditions at Broker Trendo
1. Traders at Broker Trendo can choose the leverage level in their trading accounts based on their trading strategies. For real accounts, the minimum leverage at Broker Trendo is 1:25, and the maximum leverage is 1:1000.
2. The maximum leverage for demo and copy-trading accounts is 1:500.
3. Trendo Broker, in order to protect traders' capital during severe market fluctuations and to reduce risk, changes the leverage of symbols related to the news to 1:100, 30 minutes before important economic news and data releases, and also changes the leverage of all trading symbols to 1:100, from 30 minutes before the market closes to 12 minutes after the market opens. This measure is taken to reduce risk and prevent significant losses for traders in the market.
For further information, read: A Comprehensive Guide about Leverage in the Forex Market.
4. Due to regulatory requirements in supervising countries and to safeguard users’ capital, Broker Trendo reserves the right to reduce traders’ leverage in critical situations.
5. The maximum leverage for capital less than $50 is 1:500.
Margin Call and Stop Out Rules and Conditions at Trendo Broker
1. A Margin Call occurs when the total loss of open transactions reaches a level called Margin Call. In such cases, due to the lack of free margin or in other words, sufficient balance for a new transaction, the user cannot open any transactions.
2. At Trendo broker, the Margin Call is 100%, meaning that the trader can use all the free margin for trading.
3. Stop Out occurs when a user’s transactions enter a loss to the extent that it activates the user’s account Stop Out level. In this case, the broker automatically closes the transactions that have the most loss and prevents the user’s balance from becoming negative.
4. At Trendo broker, the Stop Out level is 70%. This means that if the account loss reaches 70% of the account balance or in other words, the remaining balance of the user’s account reaches 30% of the balance, the transaction is automatically closed by the broker.
5. If the Stop Out level is reached, the transaction or transactions with the highest loss are automatically closed to provide the required margin level for the user.
Trade with Trendo confidently!