Renesource Capital Journal (Broker out of business)
| Journal status: closed Renesource Capital out of business |
Renesource Capital Profile
Website
www.renesource.com
Year
1998
Country
Latvia
Branches
1
Regulation
FCMC Latvia
Registration
FCMC Latvia, ESMA EU
Investor protection
Fund protection
Investor Protection Law Latvia
Publicly traded
no
Restricted in
Not serving
х US
Broker type
STP, DMA, ECN
Dealing book
A-book
Tier
3
Execution speed
1 ms
LPs total
14
LPs quality
Tier-1 Banks, MTFs, Other
LPs names
ABN AMRO, ADM Investor Services, AxiCorp Financial Services, BNP Paribas, Bank of America, Barclays, CMC Markets UK, Citibank, Commerzbank, Credit Suisse, Deutsche Bank, Finalto, Gleneagle Securities, Goldman Sachs, HSBC, Interactive Brokers, Invast Financial Services, JPMorgan, LCG, UBS
Renesource Capital Accounts
STP
DMA
ECN
Minimum Deposit
500 $
1000 $
50000 $
Leverage
100 : 1
100 : 1
40 : 1
Minimum Lot
0.01 lots
0.01 lots
0.1 lots
EURUSD spread
0 pips
0 pips
0 pips
Commission
0 $/lotRT
25 $/lotRT
25 $/lotRT
Volume
Unlimited
Unlimited
Unlimited
Margin Call
100 %
100 %
50 %
Stop Out
50 %
50 %
30 %
Execution
Market
Market
Market
Spread
floating
floating
floating
Scalping
yes
yes
Unlimited
Deposit & Fees
Deposit methods
Bank Wire
Base currency
USD, EUR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
| Update broker |
Is Renesource Capital safe?
- Investor protection: Investor Protection Law Latvia
- Regulation: FCMC Latvia
- Registration: FCMC Latvia, ESMA EU
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: no
Is Renesource Capital trusted?
- Information transparency: high
★★★★★ - Customer service: prompt, helpful
★★★★★ - Renesource Capital website: highly detailed, updated
★★★★★ - Renesource Capital popularity (by visitor count): low visits
★★
How Renesource Capital works
Are you a non-dealing desk (NDD) broker?
Yes, we are a non-dealing desk broker. NDD brokers do not pass their clients trades through a dealing desk which means they are a link between two parties, the trader and the liquidity provider. All client trades are hedged back to back directly with the market.
What is Renesource Capital ECN?
Renesource Capital ECN is our non-dealing desk (NDD) ECN technology. This integrates clients directly with the top liquidity providers giving you access to increased liquidity with lower spreads and faster trade executions.
https://www.renesource.com/en/about-us/customers-encyclopedia/faq
9. Order forwarding for subsequent execution
9.1. The Order forwarding for subsequent execution means that the Company receives and processes the Client’s Order, but the Transaction specified in the Order is executed with a third party. The Company forwards the Order for subsequent execution to a Trading venue or to the Company’s Counterparty.
9.2. The Company is entitled to forward the Order for subsequent execution to the Company’s Counterparty, if the Company does not have a direct access to the relevant Trading venue, where the FIs specified in the submitted Order are traded. The Company’s Counterparty executes the Order pursuant to its regulations and policies thereof or forwards the execution of the Client’s Order to its Counterparties.
9.1. The Order forwarding for subsequent execution means that the Company receives and processes the Client’s Order, but the Transaction specified in the Order is executed with a third party. The Company forwards the Order for subsequent execution to a Trading venue or to the Company’s Counterparty.
9.2. The Company is entitled to forward the Order for subsequent execution to the Company’s Counterparty, if the Company does not have a direct access to the relevant Trading venue, where the FIs specified in the submitted Order are traded. The Company’s Counterparty executes the Order pursuant to its regulations and policies thereof or forwards the execution of the Client’s Order to its Counterparties.
https://www.renesource.com/attachments/en/Rikojumu%20izpildes%20politika_ENG.pdf
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