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RETAIL e-FX CLIENT<br />
How do you fulfil smaller orders via your ECN<br />
system given that many banks demand a half lot size<br />
minimum?<br />
Banks have the ability to execute smaller trades of 0.1 lot,<br />
but they usually demand high trade size because they as<br />
well benefit from the trading volume. Therefore, we have<br />
reached an agreement with our liquidity providers to pass<br />
smaller trades through their trading systems as we<br />
generate high volume of total trading activities.<br />
FXCBS offers two state-of-theart<br />
trading platforms: Central<br />
Station and the MetaTrader4<br />
platform. What key functionality<br />
do these provide and who are<br />
they designed for?<br />
Central Station is specially<br />
developed to work in ECN<br />
environment; it contains the<br />
Aggregation Engine for pricing<br />
and the STP technology for<br />
execution and it is a FIX Protocol<br />
<strong>com</strong>pliant platform. FIX<br />
(Financial Information Exchange)<br />
is the protocol recognized by<br />
banks and exchanges to pass prices<br />
and trades between different<br />
terminals. We provide this platform for our institutional<br />
clients upon request.<br />
MetaTrader 4 has the most popular client terminal for<br />
FX traders, although it was not designed to work in<br />
ECN environment. But for the first time with 100%<br />
success rate, we created the needed connection between<br />
MetaTrader4 and Central Station to make ECN<br />
functionalities available for FX traders through<br />
MetaTrader 4.<br />
156 | january 2010 e-FOREX<br />
What Mobile FX trading platforms does FXCBS provide<br />
and what important features are available on them?<br />
FXCBS provides MetaTrader4 Mobile platform which<br />
gives the traders full access to financial markets and<br />
making deals from anywhere of the world. Moreover,<br />
technical analysis and graphical visualization of<br />
financial instruments are available (including off-line<br />
mode - without connecting to server). Trade dealing is<br />
done with careful observation of confidentiality and is<br />
absolutely safe. If required, you always have the history<br />
of <strong>com</strong>pleted trade deals.<br />
What facilities and software<br />
solutions do you offer for Money<br />
Managers?<br />
FXCBS offers Money Managers<br />
special rebates according to the<br />
traded volume they achieve. We<br />
also provide Money Managers<br />
with PAMM & MAM trade<br />
allocation software so they trade<br />
on behalf of their clients using<br />
one client terminal. Furthermore,<br />
our Finance department provides<br />
assistance in profit allocation for<br />
Money Managers.<br />
You have a minimum account size<br />
of $3000, which is relatively high in the retail space<br />
today? Why have you set this relatively high?<br />
As stated earlier, we wel<strong>com</strong>e winners, and we would<br />
gladly do anything to help our clients achieve higher<br />
profitability levels. We set the minimum deposit to its<br />
current level due to the fact that lower deposit<br />
amounts would expose the trading account to higher<br />
risk of liquidation, which some traders may overlook<br />
and find themselves losing the entire deposit and<br />
losing the chance of a recovery.
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