Why
FXPRIMUS?
"Some men see things as they are and say 'Why?'
I dream things that never
were and say 'Why not?'"
- George Bernard Shaw.
There are two major factors other than low spreads
to consider when choosing a broker for your Forex trading.
The first consideration is that most MT4 brokers operate as market makers.
As market makers, they will trade against you to their advantage!
You just have to trade on both the demo server and live server to realize that
while you can make money with your demo, it won't be the same with your live
account.
Please visit
Holy Grail for proof.
The obvious reason is that there is no dealing desk interventions on the demo
accounts.
Retail brokers act as the market makers for all your
trades. They are the counter party to your trades. They profit from your loss.
So they are against you.
ECN brokers is like an interbank broker. They
consolidate bank quotes and show you the best bid & offers available. They do
NOT trade against you or manipulate the price. They just take commission.
My recommendation is to choose a broker with genuine STP or straight thru
processing that operates like an ECN if you want to seriously make money in Forex.
The second consideration is the safety of your funds.
You just need to google to find horror stories of clients losing their hard
earned money to unethical brokers.
The problem is that many brokers do not segregate their clients funds and
hence, their clients' money is at the sole mercy of these brokers.
If you want to sleep well, you should insist on a broker that has an independent
third party fund administrator to monitor the flow of client funds.
The best quality tick data comes from
your broker¡¯s live server, but unfortunately most brokers don¡¯t supply it.
Unlike most brokers which provide different price data to their Demo and Live
accounts which can lead you astray and cause you to stumble, you can rely on
to
provide the same price feeds for your testing and live trading.
You also have the ease and convenience of the
E-wallet and debit card
for the
management of your funds.
Here are the 21 reasons why you should trade
with Fxprimus:
1. YOUR TRADING FUNDS ARE
SAFE WITH US
2.
OUR ACCOUNTS ARE SEGREGATED
3.
WE ARE REGULATED BY FINANCIAL SERVICES COMMISSION (FSC)
4.
WE ARE A TRUE NON-DEALING DESK
5.
WE ARE NOT A MARKET MAKER
6.
24 HOURS LIVE SUPPORT
7.
VERY LOW SPREADS, AS LOW AS 1 PIP
8.
NO REQUOTES AND SLIPPAGES DURING NORMAL MARKET VOLATILITY
9.
LEVERAGE OPTION UP TO 1:500
10.
WE WELCOME ANY TRADING STYLE
11.
OUR MT4 PLATFORM IS FAST & EFFICIENT
12.
EXECUTABLE SPREADS
13.
ALL TRADING SIZES (MICRO, MINI, STANDARD) IN 1 ACCOUNT
14.
WE ARE AUDITED BY ERNST & YOUNG
15.
TRADING FUNDS ARE DEPOSITED INTO STANDARD CHARTERED BANK
16.
OFFSHORE TRADING ADVANTAGES FROM MAURITIUS
17.
WE ARE SYARIAH COMPLIANT
18.
ITS ONLY USD$250 TO OPEN AN ACCOUNT
19.
OPTION OF 4 OR 5 DECIMAL POINTS
20.
VERY USER FRIENDLY MEMBERS AREA
21.
WE GIVE FREE EA HOSTING
Simply put,
stood
out among other brokers, by providing a level playing field for traders to
compete in the market.
¡¡
| ¡¡ |
| FXPRIMUS offers many ¡°industry-first¡± business
practices, which go above and beyond the services traditionally offered
by brokerages. Among these, we¡¯d like to highlight two that should be
extremely attractive to traders, affiliates and Introducing brokers
alike: |
| Independently Administered Segregated Client
Accounts: We at FXPRIMUS understand the concern of our clients
with respect to the safety of client funds. Many clients have been
victimized by brokerage companies shutting down either due to compliance
issues or misappropriation of funds. For the most part, clients are put
in the precarious position of being forced to ¡°trust¡± that their
brokerage company is treating funds ethically and responsibly. |
| We decided that the client deserved something better, and not have
to solely rely on just ¡°trust¡± to have comfort that their funds are
being looked after. As a result we¡¯ve contracted an independent third
party fund administrator (Turnstone Group Corporation) to monitor the
flow of client funds. Turnstone Group Corporation have global offices
and currently administer over USD3 Billion in funds. While this is a
costly and time consuming service to provide, we feel we not only owe it
to our clients, but also see it as a significant competitive advantage
for our company.
To view our third party administrator's appointment letter please click
here.
¡¡
|
|
| The role of Turnstone Group Corporation is to provide an
independent ¡°set of eyes¡± to oversee the administration of the company,
ensure FXPRIMUS is being run in accordance with the relevant laws &
regulations, and to make sure industry standards are being closely
followed. In addition, Turnstone Group Corporation will check that all
KYC and AML procedures are in place. Please feel free to send us an
email at support@fxprimus.com
for further information. STP-STRAIGHT THRU PROCESSING:
FXPRIMUS does not run a dealing desk. All trades are directly
passed thru to counter parties and hence we DO NOT TRADE AGAINST our
clients. We believe that the profitability of a brokerage is in the
VOLUME FLOW of trades. This ensures that our clients will get the best
aggregated executable feed to trade on. This ensures that there is no
manipulation on price feed to gain an advantage over the trader. Many
brokerages claim to offer STP and but never actually deliver on that
promise. We do not employ any trader in-house and hence we have NO
DEALING DESK. Our entire focus as a company is to provide our clients
with great trading environment and build our profitability on VOLUME. |
If you are new to Forex,
you can get started today by signing up for a FREE Demo Account at
.
| ¡¡ |
We offer both variable and fixed spreads trading to our clients via
our platform.
Both options have their own distinct advantages.
The benefit of FIXED
spreads are clear as it takes away the uncertainty BUT there is a HUGE
advantage of VARIABLE SPREADS that is not known to many traders. Here is a
brief explanation of the advantages of VARIABLE SPREADS, especially when
it is done the way we do it which is STP (straight thru processing)
Advantages of Variable Spreads
FXPRIMUS offers our clients transparent pricing by providing variable,
non-fixed spreads.
Variable spreads are spreads that move based upon the volatility and
liquidity of the actual Interbank market.
During normal market conditions, variable spreads are usually low in
comparison to brokers who offer fixed, non-moving spreads.
During abnormal market conditions, when the market tends to be illiquid or
very volatile, variable spreads will become larger while fixed spreads
remain the same.
In this scenario, the variable spread will be more reflective of a true
Interbank price, making it more transparent to the end client.
A variable spread is more indicative to a trader of the actual market
condition. If the market condition has become more volatile or less
liquid, it is more likely that the spread will widen. Thus, indicating to
a trader that the conditions of the market have changed. This will allow
the trader to make a better assessment of the underlying risk he is about
to enter. |
| ¡¡ |
| We offer FREE MT4 EA hosting. This is a value added service that
FXPRIMUS provide thru its collaboration with
www.forexalive.com
All clients that use Expert Advisors (EA) to trade their accounts would
know that it is best to run an EA on a data center hosted server. This is
to ensure that your EA runs 24/7 without any interruption. As a LIVE
account client with FXPRIMUS, we offer this service free of charge to you.
All you need to qualify is open a LIVE trading account and ensure that you
have a minimum of 5 standard lots traded monthly using on your account and
you qualify for this service.
Besides running EAs, it is also a good service to have if you use
trailing stops in your trading style. As some of you may know that MT4
trailing stops only work when your MT4 application is running so in the
event you have a trailing stop and your MT4 is shut down, the trailing
stop function not active anymore.
By having a MT4 client running on a server, you will be able to use
trailing stops effectively since the servers are running you MT4 24/7. |
Please conduct your due
diligence before your decide to trade with real money with any broker.
