Alpari Mauritius, a part of the group of companies of the Alpari global brand, plans to change the trading conditions on cent accounts for the MetaTrader 4 (MT4) platform from next week. Among the changes planned is a hike in maximum leverage on pairs with the Russian ruble.
Here is a list of changes to affect cent.mt4 accounts from June 8, 2015:
- Cent.mt4 accounts will be renamed to nano.mt4 accounts.
- Leverage on USD/RUB (US dollar vs Russian ruble) and EUR/RUB (Euro vs Russian ruble) will be raised to 1:500, which is very generous if we consider that the previous level was 1:50. The restrictions were imposed amid the low liquidity for RUB instruments following the sudden key interest rate hike by the Bank of Russia in December 2014. Now the leverage for these instruments will be restored to previous levels.
- Another change is that all instruments on these accounts will enjoy fixed spreads. Usually, fixed spreads loom larger than dynamic ones, but one should have in mind that fixed spreads do not change during news releases or other major market events. This makes fixed spreads preferable for traders who’d like to know what to expect in terms of transaction costs.
- The number of decimal places for trading instrument quotes will be 4 (instead of previous 5).
Alpari International Limited was amid the several Alpari entities whose operations were not hampered by the problems at Alpari UK, caused by the Swiss franc turmoil in January this year.
To view the original announcement on the new trading conditions, click here.