The new Chinese yuan account offered by SuperForex
SuperForex, which has always offered advantageous solutions for its traders and constantly provides significant updates to the services and products offered to provide a trading environment that is always in step with the times, recently announced via company news published on official site the launch of the new Chinese yuan account, which will allow traders from all over the world to be able to open an account, invest, deposit and withdraw directly in CNY (Chinese Yuan).
China, a country that has had an impressive economic expansion in the last decade and today is by far the largest holder of foreign exchange reserves in the world. The rapid Chinese development is considered by experts to be one of the most influential variations of the global economy. China, currently the fourth-largest economy in the world, is undoubtedly considered one of the main economic rivals capable of keeping up with the USA of the USA. Trading partner of numerous Asian countries, it is seen as a promising source of investment of vital importance for the whole continent and beyond.
Numerous experts argue with extreme conviction that the size or share of the yuan in world foreign exchange reserves will be subject to a significant increase this year, as sanctions between Russia and Western countries have caused a significant financial upheaval by exposing to greater. You risk using the US dollar or the euro as reserve currencies.
The new Chinese yuan account offered by SuperForex will offer traders the advantage of being able to carry out any operation, whether trading or withdrawing and depositing directly in CNY (Chinese Yuan).
We would like to point out that this type of account will be available only and exclusively in the “Mini-Standard account” version.
The Mini-Standard account created by SuperForex offers extremely flexible trading conditions, suitable for both novice investors and professional traders. The structure of the account allows traders to be able to select any leverage they deem appropriate up to a maximum of 1: 1000, a minimum deposit of $ 1, free access to any type of promotion or bonus available and swaps and fixed spreads.
Account details below.
|Available currency||USD, EUR, GBP, CNY, ZAR, NGN, CNY, BDT, INR, THB|
|Minimum deposit||1 USD / 1 EUR|
|Compatibility promotions offered||All bonuses|
|Lot size||$ 10,000|
|Maximum leverage||1: 1000|
Accounts available with SuperForex
In addition to the STP Mini-Standard account, SuperForex has a wide range of accounts capable of satisfying any type of trader’s need. With 11 different types of accounts with different characteristics, each client will be able to try and find the one that best suits their trading style. Mainly accounts are divided into two distinct categories, STP and ECN.
STP stands for Straight Through Processing, is a fully automatic processing process, which provides for a high speed of order execution, greater security and without any broker participation, ensuring that the past order will be executed at the price decided in real time.
In the following table you will be able to compare all the STP accounts offered by SuperForex:
|STP Account Type||Standard||Swap Free||No Spread||Micro Cent||Profi STP||Crypto|
|Account Base Currencies||USD, EUR, GBP, RUB, ZAR, NGN, CNY, BDT, INR, THB||USD, EUR, GBP, RUB, IDR, MYR, AED, ZAR, NGN, BDT||USD, EUR, GBP||USD, EUR||USD||USD (BTC)|
|Required Minimum Deposit||$1||$1||$100||$1||$5000||$100|
|Maximum Account Balance||Unlimited||Unlimited||Unlimited||Up to $3000||Unlimited||Unlimited|
|1 Lot Size||10 000 USD||$100,000||$100,000||$100,000||$10,000 cents||10 BTC|
|Swap Points||Credited and Charged||None||None||None||Credited and Charged||None|
|Available Bonuses||All bonuses||All bonuses||Welcome, Energy, Hot, Dynamic||Welcome, Energy, Hot, Dynamic||Welcome, Energy, Hot, Dynamic||Welcome, Energy, Hot, Dynamic|
Each trader is distinguished by numerous factors, from trading volume, type of strategy, investment preferences etc.
the following table briefly lists the main features of each single STP account available with SuperForex
- STP Standard Account.
- The STP Standard account is compatible with any type of trader, both beginners and advanced, having extremely flexible trading conditions. With the STP Standard account, it will be possible to start investing with a minimum deposit of 1 USD or EUR and is compatible with any promotion offered by the broker.
- STP Swap Free Account.
- STP Swap Free is an ideal account type for Muslim traders who want zero overnight funding fees. With SuperForex, it will be possible to access this type of account regardless of what faith the trader believes. The STP Swap Free account charges a flat fee instead of swap points.
- STP Account No Spread.
- The STP No Spread account is suitable for traders who prefer to trade with a spread of 0.0 pips and pay a fixed trading fee per trader. The STP No Spread account is particularly suitable for scalping traders.
- STP Micro Cent Account
- The STP Micro Cent account is suitable for traders who do not intend to invest large sums. through this type of account the trader will be able to trade an amount 100 times lower than other types of accounts.
- STP Profi Account
- The Profi STP account is suitable for traders who wish to invest large capital. The account requires a $ 5000 minimum deposit amount and can receive various bonuses.
- STP Crypto Account
- The STP Crypto account was created to allow interested traders to use Bitcoin to trade Forex and CFDs. You will be able to securely transfer Bitcoins to this account and start trading.
ECN SuperForex Account
Another category of available accounts concerns ECNs, an acronym for Electronic Communication Network, a dense electronic communication network that connects liquidity providers to each other. An electronic system that gives the possibility to electronically cross-match purchase and sale orders with the intent of executing them. SuperForex uses this type of account to give its clients direct access to direct and indirect participants in the financial market.
By consulting the following table you will be able to know and compare the 5 types of ECN accounts offered by SuperForex.
|Account Types||ECN Standard||ECN Standard Mini||ECN Swap-Free||ECN Swap-Free Mini||ECN Crypto|
|Account Base Currency||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD|
|Required Minimum Deposit||1 USD||1 USD||1 USD||1 USD||$100|
|Maximum Account Balance||Unlimited||Unlimited||Unlimited||Unlimited||Unlimited|
|1 Lot Size||$100,000||$10,000||$100,000||$10,000||10 BTC|
|Swap Points||Credited and Charged||Credited and Charged||None||None||None|
|Available Bonuses||Welcome, Energy, Hot, Dynamic||Welcome, Energy, Hot, Dynamic||Welcome, Energy, Hot, Dynamic||Welcome, Energy, Hot, Dynamic||Welcome, Energy, Hot, Dynamic|
In the following table you can know the main characteristics of each individual account ECN.
- SuperForex ECN Standard Account
- The ECN Standard account is suitable for traders who prefer ECN execution but are not fully decided which account to choose. ECN Standard offers all available benefits, including bonuses and a minimum deposit required of $ 1.
- ECN Standard Mini
- The ECN Standard Mini account is recommended for clients unwilling to invest large sums. In fact, compared to the standard account, the trading volume is 10 times lower, less investment equals less risk of loss.
- ECN Swap-Free Account
- Ideal for trading using ECN execution but without swap fees. Instead of swap points, commissions will be charged for each trade made. Available to all traders regardless of religious belief.
- Mini ECN Swap-Free Account
- The ECN Swap-Free mini account offers swap-free trading with minimal amounts. The trading volume is 10 times lower than the standard account.
- SuperForex ECN Crypto
- With ECN Crypto, you can trade Forex and CFDs using Bitcoin with ECN execution. ECN Crypto requires a minimum deposit of USD 100 in Bitcoin.