ECONOMIC CALENDAR

Traders need to be aware not only of the date and time of economic news, but of their implications and impact on market movements as well. Our economic calendar presents this vital data in a clear and concise format, and is fully customizable!

MARKET COMMENTARY

Market commentaries cover the most important sectors/pairs and are released every day at the end of trading by our research team.

FOREX LIVE QUOTES

Our continuously updated Live Forex quotes widget allows financial websites to display real time Forex rates. Its high degree of customization makes this tool a must have for any webmaster!

To find the solution that fits your needs go to the following page http://fastbrokers.com/solutions/widgets.php and get our widgets!

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All steps are covered, starting with filling out the online demo request form on the following webpage: https://secure.fastbrokers.com/demo/
Here you’ll select a unique username that will give you access to a host of services on our website, including our support desk, the forums, user’s area and webinars. With just a few clicks you’ll establish connections to data providers.
Once you see that you are up and running, you’ll be able to play around with the demo, and test your forex and futures strategies.
Please call us at 1.888.791.3278 (USA & Canada toll free) or 1.818.545.9955 (international). We’ll be happy to answer your questions.

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Some traders are reluctant to use an IB, because they think they are going through a middleman. Actually IBs and FCMs/FDMs are complementary, and there are several reasons why traders should open their accounts with a large and solid IB, member of the National Futures Association and regulated by CFTC.

Even if you use the most advanced trading technologies, a number of things can go wrong with your trading, and it’s well known that the best FCMs make occasional mistakes, now and then. Should necessity arise, would you want to contact one of their overworked ground-level customer service representatives as an individual trader or have all the support of your introducing brokers behind you? An established IB contacts high-level executives at the FCMs/FDMs to which their clients are first introduced, and then represented for all their needs. An IB speaks loud enough, with the voice of the hundreds or even the thousands of traders it represents, and will support you claims, if well-founded.

A good IB will also be there to assist you with your everyday questions and it will make a number of tutorials and trading educational opportunities available to its clients free of charge. You’ll receive links to videos illustrating useful features of the platform you are using; you’ll be able to register for webinars held at a time that’s convenient for you; above all, you’ll have access to professional licensed brokers and support staff members, who’ll be happy to answer your questions and offer solutions. Being independent from FDMs, never playing the role of market makers under any circumstances, therefore never having a conflict of interest with our traders, we are perfectly placed to select a range of high-quality offers that meet the unique needs of each investor.

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You’ll be able to see your PathScript indicators and strategies, update your personal information, check your recent forex and futures trades, sign up for a webinar, and much more. Try it now, and see for yourself how many features your private page includes!

If you don’t have your Username and Password yet, you can quickly create them by requesting a demo version of our Pathfinder Trader platform. Click on Free Demo in the black menu bar above.

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• Posted by AshFX in Brokers, Software Developers
• 0 Comments

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This highly developed, cutting-edge software is in a class of its own, and will appeal to experienced traders and beginners alike. Capable of running the same custom software to auto trade simultaneously in the futures and forex markets, the Pathfinder platform is definitely user-friendly. Quick execution, easy-to-spot trade volumes and color-coded cells in the vertical DOM make for an absolutely efficient and pleasant trading environment.

Users can find information on our very competitive commissions, find out how to contact us by chat, phone or email, and learn more about the world of trading. FastBrokers regularly offers webinars to current and prospective customers who want to learn more about the world of trading in foreign currencies, commodities or financial indices futures contracts. Webinars are hosted by our brokers and staff. Offerings in Italian or Spanish are made available to our international clientele. Webinar registration and participation is completely free of charge.

We believe that the approval of this proposal would strongly affect the way Introducing Brokers (IB’s) operate. It is clear that CFTC wishes to create a unique link of compliance responsibility between the IB and the FCM/RFED carrying the introduced accounts. It also plans to require any IB to be guaranteed by the FCM or RFED to which they introduce accounts. As envisioned by CFTC, an IB wouldn’t be subject to capital requirement, but would have to operate pursuant to a guarantee agreement. Moreover, it would also be restricted to being a party to not more than one agreement.

We think that the Commission doesn’t clarify the effects of proposed regulation on the category of Independent Introducing Brokers (IIB). Due to their registration status, these companies are already authorized to operate under multiple clearing agreements with different FCMs and/or FDMs. Restricting their freedom to do business would be incongruous with existing rules applied to futures IBs. As many other firms, we soon might be forced either to downsize and become guaranteed IBs, or to forsake forex products in order to save our IIB status. Whatever our choice may be, we’ll have to terminate existing business relations and will immediately lose customers and income.

The latest available data show that 578 firms were registered as IIBs on October 1, 2009. Most of them offer retail forex. If the proposed regulation is approved without addressing the IIBs unique needs, all companies currently catering to the forex clientele will have to choose the lesser of the two evils mentioned above, the option that’s likely to damage them less. This seems very unfair. FastBrokers and all IIBs should be able to maintain multiple clearing partners including FCMs and RFEDs, and not be compelled to limit their already highly-regulated business activities. The main reason why this is unnecessary – besides being damaging to our customers’ best interests and our business – is that CFTC itself justified the proposed measure as a means to a precise end, namely subjecting off-exchange retail forex firms to compliance procedures and audits. Actually, as the Commission is aware, IIBs already fulfill higher compliance responsibilities than GIBs, and also meet stringent capital requirements and supervise their own sales team. Furthermore, the necessity of dealing only with guaranteed IBs would consistently increase the workload of FCM/RFEID compliance officers, who’d regularly visit and audit their remotely located GIBs to approve new or modified sales documents, marketing campaign projects, etc. This daunting task will inevitably make FCMs and RFEIDs very reluctant to accept more than a few well-known GIBs, making it nearly impossible for smaller firms to grow their business in open competition with established companies.

An NFA member registered with CFTC since inception, FastBrokers currently has a customer base spread over 70 different countries. Traders know perfectly well that they can open accounts directly with FCMs. We believe that the main reason behind our success is our ability to identify the best counterpart for each customer, and to select a range of high-quality offers that meet the unique needs of each investor. What would the future hold for guaranteed IBs obliged to sell a single set of products? Many potential clients would find us worthless, if made unable to offer independent advice. Prohibiting IBBs from doing what they do best would seriously hurt the growth of the entire sector, as well as restrict the range of services available to the general public.

These small difficulties were well worth the results. On the 19^th floor at 500 Brand we now have two more rooms and unimpeded views of the San Gabriel Mountains to the east. Just like before, through the windows on the southern side of the building we can look at downtown Los Angeles over a maze of intersecting boulevards and the low-lying Verdugo hills. Well, I guess it’s time to take a coffee break and see what people are doing right now in the hazy sunshine of this LA afternoon.