Getting to know new broker
Let’s take a look on the site. It looks very professional. I like sites where you can easily find work documents and templates of business contracts. Further more, easily find main information about the company. This is a plus.
Personally, I’ve always put attention on the regulator, broker’s history and reputation. On this moment, reputation is flawless, as broker is very young – founded in 2013. For sure, this is not the best factor to make a decision to open real account. However, the brokers history has changed my opinion on this question.
Sensus Capital Markets Ltd, is a subsidiary of Sensus Vermögensverwaltungen GmbH, German investment company with a rich history, which is regulated by the German BaFin authority. Plus, the broker has Representative Branch in Hamburg, Germany. I always felt extra trust for Germans.
Malta Financial Services Authority regulator goes under MiFID section. Also, pay attention, the company has accounts in notorious banks as Bank of Valletta and Quirin Bank AG Germany. In other words, broker reliability is very strong.
Actions
After checking the broker’s reliability, I’ve opened ordinary Classic account to check broker in practice. I was testing for 2 weeks.
This is DMA (direct market access) broker, which is a huge plus for relatively small staring deposit of 2500 EUR. Personally, I always ask the question – “Does your money see the market?” In this case, the answer is positive YES! I respect this kind of brokers. It is a plus.
Being a cross pairs trading lover, I must admit, that spread on minors was a nice surprise. In general 3-5 pips on GBP/CHF, AUD/CAD and others like AUD/JPY average 3 pips. It is definitely a positive moment, plus perfect execution and strong terminal connection. I experienced only 2 disconnections for less than a minute in 2 weeks time. Things are good organized in this department.
Talking of lot sizes: for effective risk management minimal 0,01 or approximately 0,10$ for pips. Very good for that type of broker. I put a plus.
Easy money withdrawal is a must for every broker. If problems appear in this section – put the broker right into black list. Sensus Capital Markets had no problems. This is very important broker’s factor. You can be sure to get back what you’re owned.
Additional information
I should mention the broker has additional options as PAMM accounts, MetaTrader 4 MAC, Mobile platforms, promotions, individual training and more others.
Pros
- DMA
- Good spreads on Forex minors
- Fast order execution
- Minimal lot of 0.01
- Great support
Cons
- No web-based trader’s cabinet
- Withdrawal only to bank account
- Not much non-Forex instruments
- Young company (founded in 2013)
To sum up
I would recommend this broker not only for scalping lovers, but also to long-term traders. Good broker, which provide an opportunity to enter the foreign exchange market with relatively small deposit.
