Collective FX is back with enhanced platform and a new promotion
Those veteran enough should remember The Collective FX – a brokerage that was indeed established by traders for traders. We
Those veteran enough should remember The Collective FX – a brokerage that was indeed established by traders for traders. We interviewed one of the founders back in 2009. Ever since the brokerage, which was below the radar anyway, has gone extremely quiet and was almost forgotten. It’s back now with new developments and promotions.
The Collective FX rolls out an enhanced MT4 platform and offers unlimited trading volume for a fixed fee of $147 a month, with no additional trade fees.
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We would like to share with you our new, enhanced MT4 platform, with features and functionality not available within the standard MT4 platform.
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Now you can enjoy one click trading, integrated news and major and minor trade windows.
These are just a few of the features available now, with more features to be rolled out in the future.
What’s more intriguing is the coming soon announcement insinuating a solution for US forex traders. Potentially The Collective FX is about to introduce a workaround helping US forex traders trade with normal, competitive conditions, and not what they are forced to by NFA/CFTC:
Coming Soon….. We have some exciting news coming, in the next few days, for US Citizens who have been disadvantaged up until now.
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“Gaining the European license was a long, slow process and to ensure that we are obeying all of the rules and acting 100% as we are supposed to we have achieved full licensing in Belize, a small Central American Country who gained independence from the British in 1981. Given their British heritage, English speaking and their international banking facilities then this proved to be a great interim measure until we fully roll into our European entity.”
How’s that for credibility, huh? 🙂 🙂 🙂
“fixed fee of $147 a month” ??
spread is not much tight always running from above then 0.9 pips ,and extra 149$ is waste of money , account is look like MM type broker ,buy clams as STP/ECN type.
Main page of http://www.thecollectivefxglobal.com then click on “The Collective FX GLOBAL – Regulation” (middle of the page).
I also think that they are misleading the readers, since they claim that they’ve applied for a European license – without specifying in what European country they’ve done that. From my knowledge there is no “European license”, there are only national licensing bodies in the various European countries.
This looks very fishy to me, I’d stay away from them.
To address ‘A’, nothing misleading at all. We have a CySec license, which is indeed MIFID and thus ‘European’ to those that don’t know what CySec and MFID are. Regardless, there are no ‘claims’ or anything misleading about such license as we aren’t even using that license. We are using our Belize credentials. Rajiv, Indeed Market Making is SO NOT what we are about, and your observations about are spreads need a little more investigation too. We are possibly the ONLY one that is true STP, that is how we started and that is how we are now. I think… Read more »
Hi Gary, it’s great to hear from you, I look forward to the PR – the US solution is intriguing and about time someone came up with one.
I think you are just blaming them for your mistakes.
Anyway this is my first experience with trading forex and so far everything is great.
Michael, hi, I told you I read your site regularly 🙂 I’ll drop you an email soon. Hope all is well. The site looks great, going from strength to strength. Well done.
Mr. Slingo, thank you for your answer. Yes, I was suspecting that it would be CySEC – that’s the first choice today for most brokers. Why don’t you say it then openly? Why use vague (even if in principle correct) terms (like “European”) instead of “Cypriot”? Let me just say that not all EU countries “are created equal”. I, for one, would feel much safer with a FSA-regulated broker (or BaFIN, for that matter) than with a CySEC (or Bulgarian) regulated one.
Not sure about the marketing plan here. Openly stating you can get around the NFA/CFTC rules may cause those entities to take a look and close down any gap that Collective FX states they have found. But who knows, maybe Collective FX found a legit solution. Any updates to the lawsuit by Collective FX against Boston Technologies? Pending? Settled?
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