Residence, Regulation, and Company Management Structure

The company is registered in the US, and is registered with CFTC. It is a member of the NFA.

An office address is given, with its address is indicated. The managers of company and its basic subdivisions are given, and their personal e-mails are mentioned.

Company's Market Position

The company describes itself as client-to-client and bank-to-client – ECN.

The banks-partners (liquidity suppliers) are not indicated.

A company offers a standard trading account for private traders, and also a set of services for institutional clients (banks, funds, corporations, etc.). A “developed partner program” is also offered (for introduced brokers, a “White Label” program).

Types of Services Offered

The company trades major currencies, its but list of instruments, on the site wasn't discovered.

Information about basic term-of-trades is placed mainly in the FAQ.

The minimum size of lots is made by 100000 units of trading currency.

The size of credit leverage is determined by the size of initial margin and depends on the size of trading deposit. For accounts less than $100000 an initial margin is set to 2% from the volume of position that determines a credit leverage of 50:1.

An initial margin is identical, for all of the currencies, except for the Polish zloty (PLN), for operations with which 4% from the volume of transaction is required. A supporting margin is 100% from the initial, the level of liquidation (Lockout Level) is set to 75% from a supporting margin.

Information about the sizes of spreads cannot be found on the site. The transfer of positions, to the next day, is carried out by the standard SWAP system, but the sizes of rates are not specified.

Initial deposits and balances of accounts are conducted only in USD. A minimum initial deposit is set at $7500.

Depositing the money on an account and withdrawing from it can be made through a bank order or cheque. The company deducts a payment fee of $50 for every operation of the withdrawal of money.

The relations of company and trader are verified with a “hard” copy agreement, and the remote opening of a trading account is not available.

Traders Support

The general strategy of the company in organisation of its support of clients consists of readdressing of other companies.

There is no page, for beginners, on the site. There a text document, describing the principles of Forex and the services of an “On-line Trading Academy” are offered – for the study of the fundamentals of trading.

Fundamental and analytical (client support) is not, apparently, available. For Live Account” clients, the news from “Market News International” is available and is translated – technical analysis from “FXTrek” is offered.

Interactive support of users is only available by phone.

An auction platform is separate application (executable) which executes basic auction services.

The Site

The site has obviously been done by minimalists – all is simple and brief and although navigation is comfortable, there are many things left to be desired.

Advantages

• Registered in the USA, accountability to the CFTC. Documentary and the registration of customer relations.

Disadvantages

• Extraordinarily avaricious informative filling on the site.
• The absence of major information I.e. the list of trading instruments, sizes of spreads, rates of SWAP etc.
• The absence of self-analytical support for clients.