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September 18, 2017

Question:Does FXPIG support NBP(Negative Balance Protection)?

FXPIG - What's now?

We are no longer promoting FXPIG. The information regarding to FXPIG on the website 'Hercules.Finance' maybe outdated. ref. FXPIG


We no longer introduce FXPIG broker. The information regarding to this broker on the website maybe outdated.

Answer:

No, FXPIG does not support NBP, Negative Balance Protection.

In case the loss exceeds the total deposit amount, the trader himself needs to cover the loss in order to re-start trading in the account.

The condition is because FXPIG processes all trades to the market and a loss is a real loss.

The broker implements mechanisms like not allowing higher leverage than 1:100 for deposits lower than 1000 USD, and 100% stop out for leverage above 1:200, in order to protect clients and the broker from negative balance, but it is not “NBP”.

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