Currenex ecn forex brokers
Price Markets is a global liquidity provider that provides prime brokerage services to other leading brokers, hedge funds, banks, and institutional traders. Price Markets is primarily an ECN broker, but may also act as market maker or a market taker by taking the counter position of an order in the market. Regardless, the Price Markets witnesses an incredible amount of liquidity, which helps it to pass on any most orders between clients, traders, institutional investors, and competing brokers.
In fact, Price Market has received numerous awards and recognitions from industry leading organizations for being the best non-banking liquidity provider ever since it launched its services in Price Markets has its main office in London and an associate office in Australia.
Price Markets is aware of its responsibility towards the markets and provides an excellent service for both private traders, as well as institutional clients. Price Markets covers more than financial markets and grants access to some of the most extensive set of financial assets among all financial brokers in the market.
Investors can choose from products such as stocks, commodities, indices, FX currency pairs, ETFs, and bonds, thereby allowing traders to diversify their investments in any market according to their wish. These platforms are offered as white label platforms, which can be used to access the Price Markets price feeds from other supporting brokers.
All Price Markets trading platforms can be accessed on mobile devices through the numerous Price Markets apps, making it easy for mobile traders to access the markets on the move. Access to such a varied amount of trading platforms does offer excellent options for traders, and it is up to the traders to take advantage of this opportunity for finding the platform that works best according to their trading personality.
Inevitably, micro lots offer lots of flexibility for traders while placing orders on the market, as micro trading accounts allow trading with small incremental lots without risking a hefty amount of money in the markets. The broker does promise a high Price Markets leverage of 1: If you are confident about your trading abilities and would like to opt for a higher leverage, you should get in touch with the customer support department to set the maximum leverage of 1: Of course, the leverage is naturally reduced for other financial instruments such as stocks, indices, and commodities, which are determined according to the maximum leverage applicable for these markets.
Price Markets can be considered as a liquidity provider, market maker, and an ECN platform, which helps in lowering the Price Markets spreads to as low as 0 pips in most cases. The advantage of having significant liquidity is the price advantage offered to traders. Any broker that opens a position against the client may choose to turn the odds in their favor, but under most circumstances, Price Markets will pass your order directly to other brokers or counterparties.
Unlike other brokers, Price Markets does not offer any electronic payment options; neither does the broker support third party payments. Although the broker tries hard to follow all the anti-money laundering laws imposed by the regulatory agencies, it is indeed an inconvenience that Price Markets has chosen to completely ignore all the e-payment wallets that are tremendously popular and highly intuitive in the retail trading market.
If you are looking for a Price Markets bonus, you will be upset to learn that there are no promotional programs. Deposits and withdrawals are all made after deducting the necessary fees, but there are no other hidden fees that may affect you in any manner.
We do believe that bonuses and rewards only hinder a good trading experience, especially when brokers stipulate several trading conditions to withdraw funds from the account. A majority of broker-client issues arise from a lack of understanding of the terms and conditions, which may lead to a bitter user experience. On the other hand, some brokers carefully tread the fine line between bonus and trader experience so as to offer a better environment to their traders, as well as to improve the overall profitability of the company.
Price Markets is perhaps one of the very few brokers that offer the widest market access for instruments from different financial markets.
The broker also provides cloud-based trading platforms and a VPS to enjoy low latency and support automated trading through EAs and other auto-trading programs. Money managers can also use the PAMM account for managing different account through a single platform, which allows the broker to cater to a large part of the professional trading community.
Overall, Price Markets seems to be an authentic FX broker that provides top-class services for its clients. The official Price Markets website may be a bit confusing for beginner traders, but the broker has provided useful links that can help traders to open a trading account and download the trading platform.
The broker makes a tremendous effort into informing traders that trading FX and CFDs are risky, which are accompanied by pop-up boxes and text links on various parts of the website. The Price Markets customer service department is also open around the clock to answer any questions from traders, and the professional staff is highly knowledgeable in resolving most complaints before escalating them further.
Open a Price Markets demo account to get familiar with the broker before deciding to invest your money with them.
About account managers I am making at first very good experience. Secondly my experience is very bad because of the very bad currenex ecn forex brokers support (very rare answers to my emails, customer support is no more possible).
Third, he, the VIP account manager made some very big binary option trades lasting 3 months. I will now propably get back 60 (trades in the money).