ForexNation.Org gives brokerage profits to charity

[garyfritz]

Uh-oh, Danielle's been "at breakfast" for over 18 hours! Obviously it's a broker scam, and she has absconded to Rio with all the client funds. (<<--- Humor!! Sarcasm!! )

[e-trader]

LOL, funny stuff Gary, actually i don't think scam at all when looking at fxn or axi. i am quite excited by this whole concept. Due Diligence is always smart in this industry.

Danielle, thanks much for your reply, clearing things up and I am looking forward to trading with FXNation.
Cheers,
E-trader

[dudest]

Hi Eric, Danielle,

Just FYI that I opened a live a/c, very smooth process. Now, ♫let the good times roll♫, whoohoo!

Please keep us posted on developments (charity status, projects, rebates)

Cheers

[erickva]

Hi dudest,

Glad to hear! Welcome to Forex Nation.
Thanks for commenting on the account opening process.

You will find in the about page a small form where you can subscribe to our list. This list is only to let people know about our project and vote for their charity of preference.

You can also like us on Facebook where we can easily communicate with our followers.

And if you tweet, you can follow us there too. #ForexNation

Trade up a storm and spread the word.

Cheers,
Erick

Hi Eric, Danielle,

Just FYI that I opened a live a/c, very smooth process. Now, ♫let the good times roll♫, whoohoo!

Please keep us posted on developments (charity status, projects, rebates)

Cheers

[dan68]

Hi traders. Just a quick note to let you know that you don't have to be a Forex Nation client to have your say on the charitable projects we fund - we are a trading community project. So if you would like to cast your vote please register here http://forexnation.org/about/ . Please note: your registration to this list will only be used to invite you to vote, approximately two to four times a year.

[dan68]

(Reposted from the general thread)

Thank you traders for your support since our launch earlier this month!

In appreciation of the early adopters out there we are providing special rebates on all brokerage during August - $4/contract traded, or part thereof, in Standard Accounts; and $2/contract, or part thereof, in Pro Accounts. (You don’t need to fill out a form… or refer a friend… your rebate will be applied automatically.)

Thanks again. Please enjoy.

[sanook]

Hello,

15 days ago you posted:
"Right now it is 9.22am on a saturday in sunny sydney and I'm heading out for breakfast with friends. When I return I will answer your question about ECN, non-ECN and what ECN claims in this industry really mean. Thanks for your questions! Stay tuned"

I stayed tuned and saw nothing.

Are you ECN or not ?
Do you have a dealing desk or are you transparent enough to be able to give us a trade receipt which shows the order book, which LP took the trade (like globalprime does)

Can we fund account with CC ? Also what is the minimum for PRO account ?

[SteveHopwood]

Guys, some of you will have read my now-deleted post. Those of you who have not, then don't bother about it. Fact is, I deleted it.

Reason is: Danielle explained to me that she has just lost a very dear friend to a farming accident. Cut her some slack here, and do not expect much of a response to questions for the time being.

[e-trader]

Thanks for that Steve, yeah peeps, be patient.
That said. I also have an axitrader acct which we know is FXN's provider.
SO>>>>>I am in northamerica and received an email about a server change from AXI that affected my Forexnation acct. If you cannot log into FXN on Empty4, try this....
Open Empty4 4
Go to File > Login
Enter your login details (if required)
In the server field please TYPE: US06-live.mt4tradeserver.com

Cheers,
Etrader

[dan68]

"Right now it is 9.22am on a saturday in sunny sydney and I'm heading out for breakfast with friends. When I return I will answer your question about ECN, non-ECN and what ECN claims in this industry really mean."

Are you ECN?...Do you have a dealing desk or are you transparent enough to be able to give us a trade receipt which shows the order book, which LP took the trade ...

Let me put it this way – we’re transparent enough to give you all the details so YOU can determine whether ECN is a meaningful proposition or a marketing proposition.

ECN, True ECN and ECN-style have taken over from STP as marketing hot words right now. However as Forex Nation’s trading platform for retail clients is Empty4 it’s more accurate to say we provide “ECN-style” pricing. Why? Because in order to have a true ECN you need BID and ASK offers that include not only price, but volume as well, and as such true ECN is not possible through Empty4.

To clarify, ECN and STP have the same effect, they both enter into the underlying market, meaning that we connect our customer trades with the best price from our 14 liquidity providers, in a non-conflict, “Straight Through Processing” model. And while Forex Nation Empty4 does operate under the industry-standard market maker licence, as stated in the Forex Nation PDS, we don’t manipulate the prices that we receive from our 14 different tier one banks.

We are not a “price maker”, we are a “Price Taker” - and have no intervention in the prices that we receive and offer to clients apart from the small mark up that provides our margin.

This gives retail traders the benefits of interbank or ECN pricing except with retail leverage and position sizes. Under this model we do not provide a trade receipt showing the order book.

Now, ECN/STP is only part of the equation in terms of the value proposition for retail traders. Execution speed, quality and number of liquidity providers are the other critical factors.

With our servers located in the Equinix NY4 and liquidity from the 14 Tier 1 banks shown on our website, the STP or ECN-style processing provided from Forex Nation Empty4 provides deep liquidity, tight spreads, and fast, seamless STP for fast trade execution and less slippage. Add to that the fact that we are Price Takers (not price makers) and you’ve got access to fast, fluid, unmanipulated price.

So the pertinent questions to ask when selecting the best bang for your trading buck are:
1. is the broker an active market maker or an STP/ECN Price Taker?
2. where are their servers housed; do they provide fast execution for best price and minimal slippage?
3. what quality of liquidity is provided ie. are their banking partners top tier or tier 1? and
4. how much depth is provided ie. how many banking partners' prices are available in the price feed?

The questions around broker choice then become about regulation/security, service, operational transparency and whether you like what we stand for.