TECHNOLOGY-Overview of Minimum Deposit, Spreads & Leverage
Abstract：Founded in 2010, TECHNOLOGY LATEST DEVELOPMENT CO., LTD (“Technology”) is a foreign exchange trading company registered and established in the United Kingdom.
General Information
Founded in 2010, TECHNOLOGY LATEST DEVELOPMENT CO., LTD (“Technology”) is a foreign exchange trading company registered and established in the United Kingdom.
Regulation
TECHNOLOGYLATEST is authorized and regulated by the NFA, with regulatory license number 0543372.
Market Instruments
Tradable financial instruments available on the TECHNOLOGYLATEST platform include forex currencies and precious metals.
Minimum Deposit
The minimum amount required for a Standard Classic Account is $2,000USD, which is absurdly high. Whats more ridiculous is that TECHNOLOGYLATEST recommends clients who have the financial ability to begin with an initial deposit of $10,000USD in order to exercise proper money management while trading.
Leverage
The maximum trading leverage offered by TECHNOLOGY is not mentioned on its website. Leverage can magnify returns as well as risks, it is essential for traders to learn how to use it and how to manage risks.
Spreads & Commissions
TECHNOLOGY hypes that it offers ultra-low spreads, but does not specify spreads on particular instrument.
Trading Platform
Technology offers MT5 trading platform. The TECHNOLOGYLATEST MT5 Client Terminal Platform is designed to give you the edge in today's busy trading environment, with live quotes, real-time charts, in-depth news and analytics - as well as a host of order management tools, indicators and expert advisors.
Deposit & Withdrawal
The available funding options working with Technology are:
Credit or Debit card deposits
Wire Transfers
Third party payment providers such as PayPal and Moneybookers
Credit or Debit card deposits: There is a 4% processing fee. Wire Transfers: Typically, 15 – 25 USD charged by the bank. Third party payment providers such as PayPal: There is a 2.4% -3.9% processing fee.
Customer Support
Technology does not provide any telephone number and there is only a contact form. You can contact them by email: support@forextld.com, Line and Whatsapp.
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