FIBO Group enhances trading conditions for MT4 NDD accounts
FIBO Group enhances trading conditions for MT4 NDD accounts
FIBO Group has announced significant enhancements to the trading conditions for its MT4 No Dealing Desk (NDD) accounts.
These updates are part of FIBO Group's ongoing efforts to offer competitive and efficient trading services, reflecting its commitment to client satisfaction and market adaptability.
Starting from June 17, 2024, the maximum position size on MT4 NDD No Commission accounts will increase to $20,000,000. This enhancement is due to an expanded number of liquidity providers, FIBO informs.
FIBO Group’s MT4 NDD accounts, known for providing direct market access with no dealing desk intervention, have received several notable upgrades. Among the key improvements are tighter spreads, reduced commission fees, and faster execution speeds. These enhancements are designed to provide traders with more cost-effective and efficient trading conditions, allowing for better market responsiveness and potentially higher profitability.
The tighter spreads mean that traders can now execute trades at more favorable prices, reducing the cost of trading. Additionally, the reduction in commission fees further lowers the overall trading costs, making FIBO Group’s MT4 NDD accounts an attractive option for both retail and professional traders. The faster execution speeds ensure that trades are processed more quickly, reducing slippage and enhancing the overall trading experience.
In conjunction with the improved trading conditions, FIBO Group has also introduced a new deposit method to facilitate easier and more flexible account funding. The company has introduced the option to deposit using USDT BEP20 tokens, which combine one of the most widely used and liquid stablecoins, Tether (USDT), with the BNB Smart Chain blockchain.
To deposit, log into your Personal Account, select "Cryptocurrencies" under the "Deposit Funds" section, enter the desired amount in USDT, choose the BEP20 network, and follow the instructions. The corresponding amount in dollars will be credited to your trading account.
This new method supports multiple currencies and offers lower transaction fees, providing clients with a more convenient and cost-effective way to fund their trading accounts. The addition of this deposit option underscores FIBO Group's commitment to providing comprehensive and user-friendly services to its global clientele.
The enhancements to the MT4 NDD accounts are strategically important for FIBO Group as it seeks to strengthen its position in the highly competitive forex market. By offering better trading conditions, FIBO Group aims to attract a broader range of traders, from retail investors to institutional clients. The improvements are likely to boost trading volumes and client retention, contributing to the company's overall growth and market share.
"These enhancements are part of our continuous efforts to provide our clients with the best possible trading environment. We believe that the improved conditions for our MT4 NDD accounts, along with the new deposit method, will significantly enhance our clients' trading experience," a spokesperson for FIBO Group commented.
For traders, these developments mean access to more favorable trading conditions and greater convenience in managing their accounts. The reduced trading costs and improved execution speeds can lead to more efficient trading strategies and better market outcomes.
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