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Partnership agreement with FXCBS.
Published by Geir Laastad in Brokers • 25.05.2009 12:01:33
Breaking news: We are delighted to announce that we, GL-Software has signed a partnership agreement with FXCBS Fienex Group as an Introducing Broker.
FXCBS is a true ECN Broker. Below is an explanation what an ECN broker is.
An ECN Forex Broker is like an interbank broker. They don't trade against you so there is no need to manipulate the price. They consolidate bank quotes and show you the best bid and offers available. Spreads are tighter, but you have to pay commissions. When you make a trade they pass it through to interbank.
A retail Forex Broker acts as the market maker for all your trades. They shade prices, widen spreads arbitrarily, and sometimes trade against you. Their basically modern day bucket shops. The advantages retail brokers provide are that you can open an account with very little money, they give you high leverage, and usually you can demo trade on their platforms until you learn what you're doing. Most of them also have micro and mini lots so you can trade very small sizes. Note: These advantages also applies to some of the ECN brokers like FXCBS.
There are five main types of FX ECNs:
- Founded by Bank of America, Credit Suisse First Boston, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley Dean Witter and UBS
- Independent and venture backed by major market participants, e.g. Barclays Capital and Royal Dutch/Shell
- Owned by State Street
- Independent and venture backed by financial and major private investors
- Independent privately held venture capital-backed company
You can read more about this here....
Click here to join Cash4Offers.com and get paid up to $300 in less than 72 hours for trying special promotions.
FXCBS is a true ECN Broker. Below is an explanation what an ECN broker is.
An ECN Forex Broker is like an interbank broker. They don't trade against you so there is no need to manipulate the price. They consolidate bank quotes and show you the best bid and offers available. Spreads are tighter, but you have to pay commissions. When you make a trade they pass it through to interbank.
A retail Forex Broker acts as the market maker for all your trades. They shade prices, widen spreads arbitrarily, and sometimes trade against you. Their basically modern day bucket shops. The advantages retail brokers provide are that you can open an account with very little money, they give you high leverage, and usually you can demo trade on their platforms until you learn what you're doing. Most of them also have micro and mini lots so you can trade very small sizes. Note: These advantages also applies to some of the ECN brokers like FXCBS.
There are five main types of FX ECNs:
- Founded by Bank of America, Credit Suisse First Boston, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley Dean Witter and UBS
- Independent and venture backed by major market participants, e.g. Barclays Capital and Royal Dutch/Shell
- Owned by State Street
- Independent and venture backed by financial and major private investors
- Independent privately held venture capital-backed company
You can read more about this here....
Click here to join Cash4Offers.com and get paid up to $300 in less than 72 hours for trying special promotions.
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