Pepperstone Announces Next Generation FX Brokerage; Unmatched Depth Of Liquidity And Execution For Forex Traders
Posted on: 08 January 2011 , by: Trading Desk , category: Pepperstone Press Releases
The retail FX segment is an emerging market with a predicted trading volume of up to $50 billion per day . Pepperstone introduces trading that benefits from No Dealing Desk execution on forex trades, making trading fairer and more accessible to retail investors around the world.
Pepperstone Financial Pty Ltd CEO Owen Kerr today announced the world’s next-generation FX Brokerage platform in which clients will benefit from no Dealing Desk execution on forex trades.
The approach eliminates dealer intervention, enables greater transparency and fairer execution by removing the conflict of interest between brokers and traders.
“Pepperstone combines industry leading customer service with direct access to multiple qualified destinations of liquidity in the forex markets without the traditional burdens of a deal desk. Our model provides clients internationally with flexible and convenient trading at affordable rates,” says Owen Kerr.
Pepperstone uses MetaTrader 4, known for its security and ease of use, where customers enjoy real-time access to major and minor currency pairs and metals. Unlimited demo accounts allow users to become acquainted with the trading environment before going live.
“Whether clients prefer trading using a PC, smart phone or PDA, Meta Trader 4 can be deployed with the same user-friendly interface, blazing fast quotes and unparalleled speed of trade execution,” says Owen Kerr.
A unique feature of Pepperstone’s next-generation FX platform is the ability for customers to access liquidity from 22 banks and ECN’s. This option gives direct access to the forex interbank market, where orders are fully visible. As a result, customers are empowered to enter direct discussions with liquidity providers who can introduce their own orders and if the prices match, a deal is completed.
Beyond STP processing and Multi-Bank Liquidity, the no Dealing Desk execution on forex allows Pepperstone to stream tight spreads as low as 0.5 pips.
“Further cementing our position as a next generation FX Brokerage, Pepperstone’s excellent trading conditions are boosted by a minimum deposit of only $200USD,” says Owen Kerr
Backed by a team with extensive experience in derivative trading and risk management, Pepperstone was established in response to the online trading community’s escalating frustration over delays in trade executions, frequent system failures and poor customer support among traditional web-based brokers.
“Unlike the services provided by many web based brokers, Pepperstone offers accelerated execution and institutional grade spreads, combined with high frequency trading expertise. We ultimately define what will become the trends of the industry,” says Owen Kerr.
Pepperstone is based in Australia, a fast growing hub for international brokers.
For more information, please visit http://www.pepperstone.com.
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.
Pepperstone maintains segregated client accounts with AA rated banks, including National Australia Bank and HSBC.
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).
Pepperstone is a global provider of online trading services, specializing in foreign exchange (forex or FX). Successful traders and investors understand that superior technology and low trading costs hold the key to greater returns. Pepperstone 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.