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.
Indeed, Fxprimus offers its traders the option of an
ECN
Premiere Account.
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.
Brokers which have large 3rd parties to manage client
funds keeps their senior management and owners from the possibility of dipping
their hands in client funds to "borrow" to cover Losses.
Fxprimus, is the Industry First, to have a 3rd party
administrator to manage and administer their client funds. The administrator -
Turnstone Corporate (Mauritius) Limited appoints directors to sit on the board
of Fxprimus to ensure good corporate governance.
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.
Other Considerations:
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:
-
YOUR TRADING FUNDS ARE
SAFE WITH US
-
OUR ACCOUNTS ARE SEGREGATED
-
WE ARE REGULATED BY FINANCIAL SERVICES COMMISSION (FSC)
-
WE ARE A TRUE NON-DEALING DESK
-
WE ARE NOT A MARKET MAKER
-
24 HOURS LIVE SUPPORT
-
VERY LOW SPREADS, AS LOW AS 1 PIP
-
NO REQUOTES AND SLIPPAGES DURING NORMAL MARKET VOLATILITY
-
LEVERAGE OPTION UP TO 1:500
-
WE WELCOME ANY TRADING STYLE
-
OUR MT4 PLATFORM IS FAST & EFFICIENT
-
EXECUTABLE SPREADS
-
ALL TRADING SIZES (MICRO, MINI, STANDARD) IN 1 ACCOUNT
-
WE ARE AUDITED BY ERNST & YOUNG
-
TRADING FUNDS ARE DEPOSITED INTO STANDARD CHARTERED BANK
-
OFFSHORE TRADING ADVANTAGES FROM MAURITIUS
-
WE ARE SYARIAH COMPLIANT
-
ITS ONLY USD$250 TO OPEN AN ACCOUNT
-
OPTION OF 4 OR 5 DECIMAL POINTS
-
VERY USER FRIENDLY MEMBERS AREA
-
WE GIVE FREE EA HOSTING
Find
out how you can
Earn Lifetime
Unlimited Residual Income!
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
.
| ¡¡ |
| FXPRIMUS is pleased to offer 3 different spread
options to its customers. To register for any one of them, please select
upon registering for your demo or live account. The difference in the
types of spreads are as follows:
ECN Premiere Account: Our ECN
Premiere spreads are the ultimate for traders of all types. These are our
absolute tightest spreads available and rival many institutional level
price feeds offered to traders with multi-million dollar accounts. Sub-Pip
spreads are available, which means the customer is saving money on every
transaction...no more paying absurd spreads when executing trades! With
our fractional institutional pricing, traders are treated to a completely
revolutionary trading experience and enjoy absolutely NO requotes at any
time*. This is essential for customers that need to get in and out of a
trades and don't mind sacrificing a small fraction of a pip to do so in a
fast moving market. To enjoy the benefit of such tight spreads, a USD10
per standard lot round trip commission is charged. If a customer trades
more than 250 standard lot round trips per month (or equivalent), the
customer is credited USD2 per lot traded!!!
Variable Spread: A variable
spread is a spread that is not constant in value. A variable spread will
expand and contract based on the market conditions and changes in
liquidity. Normally as the market becomes volatile, a variable spread will
become wider due to the fact that liquidity is becoming less and banks are
less willing to grant executions at certain prices. Since FXPRIMUS is a
100% Straight Thru Processing broker, traders enjoy the opportunity to
execute directly on bank feeds, so if a price is available they will
receive an execution at said price with no middleman or intervention
whatsoever.
Fixed Spread: A fixed spread is a
spread that remains constant in value**. A fixed spread will maintain the
same amount of pips between the bid and ask throughout. This is an ideal
spread to choose for the trader that wants to be able to know that the
spread he or she enters a trade at will be the same when he or she exits
the trade.
* Please note that slippage may occur. For example
if a customer is trying to get long the eur/usd at 1.40322, in a fast
moving market the trade may be executed at 1.40324, which is still only a
0.00002 difference, and the customer has the benefit of not getting
requoted.
** In VERY extreme markets, the fixed spread on
certain currencies, and specifically Oil & Gold may widen due to
completely illiquidity in the market. |
| ¡¡ |
| 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.
