Dear clients and partners,
To improve our business partnerships we have updated the terms of cooperation with liquidity providers FCStone and Boston Prime, and switched contracts with their FSA regulated UK companies. This allowed us, firstly, to raise the quality of cooperation and, secondly, to improve the conditions of liquidity, as a result, spreads on our NDD accounts decreased by 0.2-0.3 points. We hope you will appreciate this improvement!
The new average spread values can be found on the page “Spreads“.
Forex4you is a trademark of E-Global Trade & Finance Group, Inc. Company is registered in the British Virgin Islands (registration no: 1384287) in 2007. Main shareholders: private individuals. E-Global Trade & Finance Group, Inc is authorized and licensed by the Financial Services Commission (“FSC”) under the Securities and Investment Business Act, 2012 (“SIBA”) in the British Virgin Islands (“BVI”). The scope of activity of E-Global Trade & Finance Group, Inc. is providing foreign exchange brokerage services on the Internet using electronic payment systems. Partner and representation offices are located in London, Moscow, Riga, Mumbai, Kuala Lumpur and Frankfurt. In 2012, the company increased monthly turnover to over 15 billion USD; the total of active accounts of the company for one trade in 2012 was equal to 98.814. The number of employees is about 90 people. The main suppliers of liquidity are licensed companies based in London (UK). In 2012, the company introduced its own technology for the aggregation of liquidity. Company’s external auditor is KPMG.
INTL FCStone Inc. The history of the company started in the 1924. In the 1930s, it became one of the first members of the clearing department of the Chicago Stock Exchange. In 1994 its shares begin trading on the New York Stock Exchange NASDAQ. Today INTL FCStone Inc. – is a public finance company ranking at number 30 in the list of Fortune 500 largest U.S. companies, with total assets of over 2.5 billion USD. The company provides services in trading, exchange, OTC execution and clearing currencies and commodities. The number of clients of INTL FCStone Inc. is about 10,000, including major producers, commercial and investment banks, brokers, institutional investors, public, private and charitable organizations. The company employs 1,100 people operating in over 100 countries. With offices worldwide, the company’s headquarter located in New York, USA.
Boston Prime – an FSA regulated brokerage company registered in the UK. Headquartered in London, it has additional offices – in Boston, New York and Tokyo. Boston Prime provides institutional-level liquidity for the Forex market. The company receives it’s liquidity from the world’s top nine banks and by using its own technology for aggregation offers competitive rates / spreads in BBO.