The aim of this FXMasterBot review is to give our readers all the necessary info they need in order to make informed decisions regarding their forex trading options. This particular software has become more and more popular in recent times and we are pretty confident we know why this is so. Aside from the fact that FXMasterBot provides the luxury of having forex trading displayed on the same platform, the sheer customizability is what also attracts a lot of traders.
FXMasterBot Review – Account Features
Obviously, account features are what interests our readers right off the bat. Those who feel the need to completely research a product before committing to using it, know that understanding the different aspects of different accounts is of crucial importance. FXMasterBot has several different account types and we are confident that every trader, regardless of the professional skill and experience level, will be able to find something that suits their particular needs.
FXmasterBot Demo Account
Demo account is the brilliant feature that most reputable software’s have. After going through the simple registration process, you are going to be opting either for a Demo account or to go straight to the Real account, which also has different types. We always suggest that traders take advantage of the Demo account regardless of their experience levels or the amount of knowledge they might possess about forex trading. This is because the Demo account offers a great, risk-free way to grow accustomed to the trading interface along with all of the available features and tools.
This is something we find to be invaluable when preparing to make the next big step in online trading without having to deposit any of your real funds. The Demo account also allows traders to develop their trading strategies and investment plans without worrying whether or not their current strategy is going to be fruitful or not. The Demo account will be open for 5 days after the opening of the account.
FXMasterBot Novice Account
The Novice account comes as a natural progression from the Demo account. After you have made sure you familiarize yourself with all the existing tools, features and customization options in the Demo account, you are ready to start your real trading journey. The minimum deposit amount for this account type is the industry’s standard of $100. Obviously, there are certain perks you get for opening a Novice account – the ability to choose more than one broker and the leaderboard multiplier x1. This is a great starting account, especially for those traders who do not feel comfortable depositing larger amounts.
FXMasterBot Expert Account
The FXMasterBot Expert account is one step above the Novice account and it offers that much more for the traders. Once you decide this is the right approach for your trading style, you will need to place a deposit amount of minimum $500 in order to open the Expert account. Obviously, as the name itself suggests, this is the account best suited for those who consider themselves to be fairly experienced in the forex trading. The Leaderboard multiplier is x2 in this account, along with up to 9 currency pairs and much more.
FXMasterBot Master Account
The Master account is the ultimate account level with FXMasterBot. The minimum deposit on this account level is $500 with two brokers. With this account you will be getting Leaderboard multiplier x3, all available currency pairs, several brokers to trade with and so much more. Customization on this level is unparalleled also, which is a very important factor. Make sure you have carefully thought out what is it that you need from your trading software and which options and benefits do you feel best dealing with.