Jurisdiction:

Australia

Supervisory Authority:

ASIC

Technology:

DMA/FoX

Savings protection:

Opportunity of keeping company funds on a separate account in Macquarie Bank

Ice Markets funds needed to hedge customer trades with Advanced Markets Ltd. are credited to a separate account opened with Macquarie Bank in the name of Ice Markets. Advanced Markets Ltd. cannot use the funds for other purposes.

All trading orders received by Advanced Markets Ltd. are executed with small delay and are 100% overlapped in real time by the world's largest FX banks. This scheme – DMA (Direct Market Access) – completely eliminates conflict of interests between the trader and the broker. It is therefore attractive, first of all, for major asset managers and institutional clients. In this case, DMA is excellent both for position trading and for scalping.

The new FOX (Full Order eXecution) technology allows customers to carry out large transactions anonymously on aggregated multi-bank liquidity. Prime-broker (UBS) aggregates the best prices from the largest FX-banks and executes large trades in one transaction.

Jurisdiction:

United Kingdom

Supervisory Authority:

FCA

Technology:

STP/ECN

Savings protection:

No specialized protection of funds. Participation in FSCS.

Founded in the US in 1993, Integral is one of the major liquidity providers in the world.

Apart from collaborating with major banks on STP technologies, the company operates an ECN model. This model has enabled a significant number of clients to "trade with each other" and has help to minimize costs for hedging with counterparty banks.

Headquartered in London, FIXI Plc is a prime broker licensed by FCA.

FIXI Plc provides its clients with the opportunity to work with large liquidity providers, such as Integral, Currenex and others, earning a certain commission for redirecting transactions. These costs are partially offset by the fact that the prime broker receives lower prices from the liquidity provider due to aggregation of its customers' trading orders.

FIXI acts as an intermediary and does not have any influence on transactions – all trading orders are executed on the servers of the liquidity provider (Integral).

Jurisdiction:

United Kingdom

Supervisory Authority:

FCA

Technology:

STP/ECN

Savings protection:

No specialized protection of funds. Participation in FSCS.

Sucden Financial is one of the oldest and largest brokers in the foreign exchange market with over 40 years of history. The company was founded in 1973 as a brokerage division of French corporation Sucres et Denrees SA.
The company is licensed by FCA and headquartered in London. It is the world's largest broker in the field of commodity and commodity futures.

Jurisdiction:

Malta

Supervisory Authority:

MFSA

Technology:

STP/ECN

Savings protection:

No

Exante is a financial and technological company that provides access to a wide range of financial services. Exante has more than 10 offices in Europe and Asia with more than 250 employees.

The main focus of Exante is to provide access to financial markets. The list of financial instruments includes: shares, crypto-currency funds, options, futures, bonds, currencies, metals and commodities.

Exante has access to the world's leading financial markets in the USA, EU and the countries of the Asia-Pacific region. The list of available tools exceeds 50,000.

Jurisdiction:

United Kingdom

Supervisory Authority:

FCA

Technology:

STP/ECN

Savings protection:

No specialized protection. Participation in FSCS.

Divisa UK Limited is one of the first companies which offered liquidity and margin trading using the Currenex Viking & Classic platforms together with its own MT 4 bridge with the aim to improve trading conditions for brokers.

Since its inception, Divisa UK Limited has offered access to Forex market, and later included a wide range of trading instruments and assets.

Divisa UK Limited is headquartered in London.

Note!
  • Closing a trade does not necessarily take place with the same counterparty where the trade was opened, since the aggregator executes an order with any counterparty that has the best price.
  • Trades that the client wants to verify are selected by the client, and their order numbers are not disclosed to the company's employees in advance. This eliminates any possible data falsification.

ICE FX is the only brokerage firm to date that provides its customers with the opportunity to verify the hedging of transactions they have made with counterparties.

At the client's request, ICE FX demonstrates its back office with counterparties. In the back office, the client can see all the hedging data of the transaction he made.

The back office is similar to the company's personal account. It is hosted on the counterparty's domain – ICE FX cannot falsify any information in it.

The client can view the hedging of any trade, including the trades of a third-party manager, whose order numbers (in the MT 4 platform) is known to the client.

Verification process

Post-factum verification

  • The client independently chooses the trades whose hedging he would like to verify.
  • The client contacts the Technical Support Service, agrees the date and time of demonstration and leaves his Skype ID with the Technical Support Service.
  • At the appointed time, a company employee will contact the client via his Skype ID.
  • The client tells the employee the number(s) of the trades (a unique transaction number in the MetaTrader 4 platform).
  • The client tells the employee the number(s) of the trades (a unique transaction number in the MetaTrader 4 platform).
  • In the presence of the client, the company employee logs into the company's back office at that counterparty (pay attention to location of the back office in the counterparty's domain!). The employee requests an extract for the days when the transaction was made, and in the resulting report finds the client's trade.

Online verification

  • The client contacts the Technical Support Service, agrees the date and time of the demonstration and leaves his Skype ID with the Technical Support Service.
  • At the appointed time, a company employee will contact the client via the Skype ID left.
  • In the presence of the client, the employee launches the trading terminals of all counterparties and the aggregator.
  • The client performs a trading operation on his client terminal and tells the employee the order number. The order number is not required if a small number of transactions are made by the company's customers at a given time.
  • In the presence of the client (Skype screen sharing), the employee determines on which counterparty was a trade executed.
  • This trade will be visible in the counterparty's terminal as open.

Limitations

Due to the time capacity of demonstrating a hedging and the need to recruit someone for this, the number of transactions available for viewing and the available number of requests per calendar month are all limited

Client status Reviews of trades (per month, not more) Requests (per month, not more)
Classic 10 2
VIP, Loyal 20 4
Elite, Loyal+ without limits without limits
Note!
  • Closing a trade does not necessarily take place with the same counterparty where the trade was opened, since the aggregator executes an order with any counterparty that has the best price.
  • Trades that the client wants to verify are selected by the client, and their order numbers are not disclosed to the company's employees in advance. This eliminates any possible data falsification.