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Abstract:When considering a forex broker, it’s crucial to conduct thorough research to ensure your investments are secure. One broker that has recently come into the spotlight is Numera International. Here’s what you need to know about this relatively new player in the forex trading market.
About Numera International
Established in 2022, Numera International is a broker that doesnt have much trading experience compared to some other brokers. It offers various tradable instruments, including currency pairs, commodities, and cryptocurrencies. Numera International is registered in Anguilla. Moreover, WikiFX has given this broker a score of 5.56/10. But why?
(Note: Because different regions or countries have different levels of regulatory strictness, the score of the same broker might be slightly varied in other regions or countries. For details, please consult WikiFX customer service.)
Regulatory Status
Currently, this broker is regulated in Anguill, authorized by the Anguilla Financial Services Commission (AFSC) under lincese no. A000000993.
Trading Platform
This broker uses the MetaTrader 5 (MT5) platform.
Account Types
Numera International offers three account types targeting traders of varying experience levels and investment goals. They are Classic Account, Standard Account, and VIP Account.
Classic Account: Designed for beginners, the Classic Account provides a user-friendly platform with access to a broad range of instruments, including currency pairs, metals, and CFDs. With a minimum deposit of $2,000 USD, it offers a cost-effective entry point into the world of forex trading.
Standard Account: Aimed at the majority of traders, the Standard Account provides tighter spreads and superior execution compared to the Classic Account. It boasts over 400 instruments and a minimum deposit of $10,000 USD. Loyalty programs are available for active traders, while features like a Personal Account Manager and news trading support ensure a comprehensive trading experience.
VIP Account: Geared towards seasoned professionals, the VIP Account unlocks access to raw spreads and 1:400 leverage, maximizing trading opportunities. A minimum deposit of $100,000 USD grants VIP clients the benefit of unlimited trade durations and a dedicated Personal Account Manager.
Introducing Broker Program
This broker offers an introducing broker program.
Spreads & Commissions
Numera International offers floating spreads, which means the spreads can change based on the market conditions. The typical spread for the EUR/USD currency pair is around 1.5 pips, which is higher than what some other brokers offer. Additionally, Numera International does not seem to disclose any information about commissions or trading fees on its website.
Deposit & Withdrawal
Numera International offers a limited number of deposit and withdrawal methods. Unfortunately, the broker does not provide detailed information regarding the specific payment options available. The lack of transparency in this regard may deter some potential clients who require more flexibility when it comes to their financial transactions.
Additionally, Numera International does not specify any minimum deposit requirements, which could be seen as an advantage for traders who prefer to start with smaller amounts. However, it is important to note that the lack of information regarding deposit and withdrawal methods could pose a potential risk for clients who may not have access to their preferred payment options.
Customer Support
Numera International provides customer support to its clients through several channels.
Firstly, they offer an online chat feature on their website where clients can chat with a representative in real time to get quick assistance with any issues they may be experiencing.
Secondly, clients can reach out to Numera International's support team through email. The broker provides several email addresses for different departments, such as support, compliance, and partnership. This allows clients to get in touch with the right department for their specific needs.
Finally, Numera International has a telephone number listed on their website, which clients can call during business hours to speak with a representative. However, it is important to note that the broker does not offer 24/7 support and their business hours are not disclosed on their website.
Conclusion
Numera International offers a special trading experience with various financial instruments and account types tailored to suit various trader preferences. However, we suggest you to do more research before making a decision.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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