General Information And Regulations
PSB Forex Is A Russian Online Forex Broker, A Subsidiary Of The Russian Commercial Bank Promsvyazbank, With A History Of 20 Years In Russia. PSB Forex Is Currently Not Subject To Any Effective Regulation.
Market Instruments
PSB Forex Offers Investors A Small Number Of Financial Products, Including Less Than 20 Currency Pairs. Most Brokers Can Offer Commodities, Indices, Precious Metals CFDs, Etc.
Minimum Deposit
PSB Forex Only Offers Standard Accounts With A Minimum Deposit Of 100,000 Rubles (~ $1300), A Minimum Lot Size Of 0.01 And A Maximum Leverage Of 1:40. The Initial Deposit Requirement Is $1300, Which Is An Excessive Amount.
PSB Forex Leverage
PSB Forex Offers High Trading Leverage Up To 1:500. Unregulated Brokers Tend To Offer High Leverage Levels To Attract New Traders. However, Since Leverage Can Amplify Both Profits And Losses, Choosing The Right Amount Is A Key Risk Determinant For Traders.
Spreads And Commissions
The Spread Of PSB Forex, With 1.9 Pips For The Standard Account, Is Slightly Above The Industry Level. Most Brokers Offer EUR/USD Spreads Between 1.1 Pips And 1.5 Pips, Which Means High Trading Costs.
Trading Platform
PSB Forex Offers Traders The Most Popular Trading Platform Currently Available, Mt5, Which Was Originally A Futures Trading Platform, But Has Since Been Improved To Be More Suitable For Forex Trading. Today, Mt5 Has Hedging Features, And The Developers Are Constantly Making Other Enhancements To It, With The Intention Of Phasing Out Its Predecessor, Mt4.
