EFX Group Williamsburg announces new FOREX platform for hedge funds

Unlike most FOREX trading firms, MBTT does not have a deal desk between you and your orders. MBTT utilizes Straight Through Processing (STP), sending your orders directly to various banks and eliminating the potential for markup or spread manipulation. STP also prevents instances where you may be re-quoted, which generally occur when it is in the deal desk's best interest to delay the execution of your order, acting against your best interests. "There are a lot of myths about the FOREX market that we are shattering" says EFX Williamsburg Branch Manager Lee Young.

Fixed spreads are a way for FCMs to markup or markdown the best bid or offer. FCMs do this to hide their fee into the price of the currency pair instead of displaying their best quote. Common sense tells you that no one works for free, so when you see an FCM claim they have “no commission” that should be a red flag. So how are they getting paid? Its simple… they are making money with the built-in markup/markdown in the spread.

Our FCM, MBT Technologies, has nothing to hide. They offer tighter spreads with no markups/markdowns and openly display a low commission rate. "We want customers to know the truth" says Young.

Commissions based on total dollar amount traded monthly
All retail accounts are initially charged $7 per $100,000 traded. At the end of each month, we will calculate the total dollar amount traded and issue a rebate based on the commission rate grid below.


Tier 1 Tier 2 Tier 3
up to $35 million = $7 per $100,000 traded from $35 to $70 million = $6 per $100,000 traded over $71 million = $5 per $100,000 traded

Hedge funds and institutions will automatically receive Tier 3 commissions at EFX Williamsburg - $5 per $100,000 traded.

About EFX Group
EFX Group is an affiliated introducing firm for MBT Technologies (MBTT) that receives volume based referral fee for our service. As a member of the National Futures Association (NFA), MBT Technologies is accountable to stringent standards of capital adequacy and financial reporting.
Foreign exchange trading involves substantial risk of loss and may not be suitable for everyone. The possibility exists that you could sustain a loss of some or all of your initial investment, therefore, do not invest money you cannot afford to lose. Investors should only engage in trading after considering their financial situation, trading experience, loss tolerance, and other circumstances, therefore, it is advisable to seek independent advice if necessary. Risks are also associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection.
For more information visit www.efxgroup.com/williamsburg or contact Lee Young 757-345-5912