With offices in Malta and Germany, Sensus Capital Markets claims to be a forex broker that offers honest financial services without slippage and requotes. The available instruments with this broker are over 50 currency pairs, commodities and 12 CFDs.
Established in 2013, Sensus is regulated by MFSA and MiFID, which means that your funds are stored in segregated accounts and are not mixed with the company’s money at all. Your compensation in case of mischief is covered with up to 20,000 Euros.
In order to open a live account with Sensus broker, you have to follow three steps: fill in the application form, send a copy of your ID and the proof of residence to the broker’s email address. Account approval takes about 3 hours. Once your account is ready, all required now is a deposit and you can start trading.
Spreads depend on the account type you select. The traditional account with no commission charged begins spreads from 0.9 pips. The raw spread with commission charged offers spreads from 0.0 pips.
Both accounts offer maximum leverage up to 500:1, minimum lot size of 0.01 and 125 forex currency pairs to choose from.
One interesting feature broker offers is to check the spreads on an actual live-server with the credentials given by the broker for such purposes. There is a username and the password, which can be used to login and check out the trading environment on a real life account.
All kinds of trading styles including scalping and hedging is allowed.
Demo account is available for all the newbies to test new strategies. Sign up for demo doesn’t require a deposit. Just fill in the form and the broker will send you the link to download Metatrader 4.
MetaTrader 4 platform is fast and offers direct access to the interbank market. The platform is one of the most popular software in the forex industry today with user-friendly interface and very powerful trading features, charting and tools.
With wide range of products to trade, MT4 offers Expert Advisors, trailing stops, automated stop loss and take profit orders. The platform is translated into more than 30 languages.
MetaTrader 4 also offers mobile version for your smartphones, ipads and tablets. You can access your trading account anytime and anywhere you are, remaining informed and on top of the game. Mobile platform shows real time prices and brings you all the available order methods. Overall there are 30 technical indicators to choose from and interactive real time charts have easy-to-use zoom and scroll functions.
Minimum deposit with this broker is high compared to other brokers in the industry. You need at least $500 to start trading. Sensus Capital Markets have several payment options such as Credit/Debit cards, Neteller, Skrill, UnionPay, Wire Transfer.
Now, brace yourself for the unusual term – withdrawals are charged with $20! Honestly, we haven’t seen a forex broker with withdrawal fees for a while. Interesting to see that such dinosaur still exist.
Based on traders’ Sensus reviews, the support is really so-so. Many complain about slow response or low quality answers. Nevertheless, the broker lists several phone numbers you can use to call and email.