Australia in the past year or so has been the ‘next thing’ for forex brokers with many US and European brokers entering the growing Asian Pacific market through this convenient gateway. In general, while ASIC does have mid-high minimal capital requirements, it is more similar to the FSA than NFA – it allows brokers some freedom of operation and doesn’t have more don’ts than dos. Through Australia brokers can reach out to the whole region including New Zealand and back their operations in China, Japan and Hong Kong if necessary.
New ‘Raw Spread’ account enables retail access to institutional ECN pricing via the industry leading MetaTrader 4 platform (Melbourne, Australia – May 2, 2011) — Pepperstone, a global provider of FX brokerage today launched a new account type dubbed ‘Razor’ for clients wishing to trade Forex. The Razor account offers users the ability to realize round-the-clock liquidity and highly competitive ‘raw spread’ pricing for 26 currency pairs. The account combines institutional grade spreads with direct access to multiple qualified destinations of liquidity – without the traditional burdens of a deal desk. As a result, clients are empowered to trade at the best pricing available without any spread mark-up being applied. Commission is a competitive $3.50AUD per 100K traded whilst also providing attractive leverage terms.
“We are excited to provide ECN Forex trading through the MetaTrader 4 platform for our global client base. The demand is clearly present for an account that provides significant price improvement over other brokers – spread tightening is clearly front and center for retail Forex traders,” said Owen Kerr, CEO of Pepperstone. “Pepperstone is in the business of providing the most advanced and robust trading technologies for our clients to trade successfully – the Razor account further cements our position as the next generation FX Brokerage” The Razor account is a product of Pepperstone’s high frequency trading expertise and is based on the Integral FX Grid, a global inter-institutional connectivity and trading network. A unique feature of Pepperstone’s Razor account is the ability for customers to access an ECN style environment through MetaTrader 4, known for its user-friendly trading interface that includes technical analysis, charting and Expert Advisor programs which allow users to create automated trading systems. The account is also is highly accessible to retail clients requiring an account minimum of $200USD.
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Pepperstone Financial Pty Ltd is an execution only forex brokerage firm. The company provides access to fair, competitive and transparent pricing across all major currency pairs by equipping traders with best-in-class trading technology and customer
service. The company is based in Melbourne, Australia. For more information, visit www.pepperstone.com or call +61 3 9020 0155. Pepperstone Financial Pty Ltd is a corporate authorised representative, CAR No. 389931 of CDM Pacific Pty Ltd which holds an Australian Financial Services License (AFSL 223682) issued and regulated by the Australian Securities and Investment Commission (ASIC).