FXOptimax is introducing a new promotional feature for its clients. Now, traders trading at licensed brokers in St. Vincent and the Grenadines no longer need to worry about the unstable Euro and Dollar exchange rates because FXOptimax applies a fixed rate promo for the EUR/USD pair starting last May 13.

This EUR/USD fixed rate account is an updated version of the previously available FXOptimax account, Precision Pricing 5 Digits. From the number of digits, it can be seen that this account can trade with micro lots. FXOptimax does provide trading accounts based on 4-digit and 5-digit pricing.

This program allows traders to convert their deposits in Dollars to Euros at a parity ratio, aka 1:1. The condition is that FXOptimax clients must add a special type of account called " Precision Pricing 5-Digits-EUR FixRate Promo " in their respective MyOptimax member areas.

Advantages of the FXOptimax Fix Rate Account

The advantage that can be obtained with this promotional feature is the availability of increased margins. So, if the current EUR/USD exchange rate is 1.117, then the client can get a margin of 1117 USD with only a 1000 USD deposit. However, this needs to be considered from the fixed rate feature: clients will be charged the same rate for deposits and withdrawals. In other words, this kind of feature is used to make it easier for clients to make deposits.

Thus, the deposit (e.g.) 1000 USD earlier will be credited to 1000 Euros in MT4, and when the client withdraws, regardless of the profit, the 1000 EUR funds will be converted again into the amount of 1000 USD.

This feature is a promotion, and there is no explanation for how long FXOptimax will enforce it, but FXOptimax does not limit the withdrawal time for users of this EURUSD fixed rate account. In addition, if the client has already participated in other promotions, such as a 10 USD deposit bonus or a 20 percent deposit bonus, then the client is not allowed to register for this program. Complete information about forex brokers can be accessed at Review Brokers.