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Low spreads for all traders!
OrigoFX
OrigoFX is a Straight Through Processing (STP) Brokerage with No Dealing Desk (NDD) founded by experienced autotrader members of OrigoFX in order to serve our members and to get the necessary conditions required to be a successful and profitable automated trader. We were tired of dishonest brokers who nickle and dimed us for every single pip. As Autotraders, we all trade using the same price quotes and spreads as all our members. This allow us the flexibility that retail traders do not have.
An initiative used by companies in the financial world to optimize the speed at which transactions are processed. This is performed by allowing information that has been electronically entered to be transfered from one party to another in the settlement process without manually re-entering the same pieces of information repeatedly over the entire sequence of events. Place where real time transactions of equities, fixed-income securities, futures, commodities and foreign exchange occur. Dealing desks are usually used by broker dealers that need to make instantaneous transactions and control the fixed spread during volatile sessions. The bad news about Dealing Desk is that the brokers tries to find another trader who does the opposite as you to make in-house trade. So they don't send orders to Interbank therefore they may have difficulties pay your money. OrigoFX is not using dealing desk! A pip is the smallest price increment in forex trading – pip stands for percentage in point. The spread is the amount of pips between the bidding price and the asking price is called the spread. The spread is what forex brokers use to make money on every forex trade placed through their network. For example, the forex broker may be paying a price of 1.3600 for buying or selling. The broker will then allow you to buy the currency for 1.3601 or sell it for 1.3599. The spread always stays around the actual price that the forex broker is paying. So when you buy, you get one end of the spread and when you sell you get the other end of it, and vice versa. By the time you close your trade, you will have always paid the spread. Successfull automated trading
Success as an automated trader in the forex market requires that a trader must have the following three facts to be absolutely true.
First, You need real unfiltered quotes or prices that are not manipulated in anyway using excessive markups, widening of spreads, running stops or the various methods used by dishonest brokers. Second, You need Institutional spreads that are extremely tight. Third, you need Flexibility to trade various trading strategies and styles of trading including Hedging and Scalping.
Real automated trading using expert advisors, automated strategies or algorithms demand well thought out models for trading. The trading models should include: Risk Management, Trade entry and exit Strategies and Trade Execution. In reality, it does not matter how great your strategies are if your trade execution and management is less adequate.
We offer tight spreads, as low as 0.2 during high liquidity sessions in major currency pairs. In STP type of Brokerage, the minimum Lot accepted by a bank is 10k (0.1 Lot) with increments of 0.1. So if any broker offers you Micro Accounts and 0.01 Lots then you will be trading through a Dealing Desk. At OrigoFX we don't have Dealing Desk and we don't offer Micro Accounts.
The difference between an investment's lowest current offering price among dealers and the higher price a dealer charges a customer. Markups occur when dealers act as principals (buying and selling securities from their own accounts, at their own risk), as opposed to brokers (receiving a fee for facilitating a transaction). Widening of spreads means that the broker may increase the difference between bid and ask. Like this they earn more while customers earn less or loose money. In most cases, the claims of stop running coming from forex traders is nothing more than people getting burned by putting their stops too close to the market by Dealing Desk brokers and getting taken out by normal volatility. For comparison purposes, the lot when trading in the stock market are the number of shares you purchase in one transaction. Forex Trading at OrigoFX
- At OrigoFX all the Client's deposit funds are completely segregated from OrigoFX's operating accounts and Client's trading funds are held only by fully-regulated Liquidity Provider (Bank or Prime Broker).
OrigoFX always offers Low or very tight institutional (ECN) spreads, Hedging, Scalping, Medium and Long-term trading to retail autotraders. OrigoFX uses STP technology and will not interfere with any trade by using dishonest methods like excessive markups , widening of spreads , running stops, delaying the quotes, smoothing or the various methods used by dishonest brokers. You always receive exactly what we receive. Simply put " NO MESSING UP or MANIPULATION" At OrigoFX we are always available to assist our members. Most dishonest brokers will not list or mention on their website where they are located and most of them give you virtual numbers as contact numbers and you can only contact them by email. In reality most of them do not actually exist. Here at OrigoFX, we are always there to help. You can call us during trading hours from Sunday, 5:00pm (EST) through Friday, 4:30 pm (EST)
Electronic Communications Network, frequently used for creating electronic stock or futures markets. Electronic Communications Networks, or ECNs, are electronic trading systems that automatically match buy and sell orders at specified prices. Benefits of beign a member
Unfiltered Prices Why do most brokers filter or mess around with prices? Well, because they simply want to make huge unfair profits from the trader. All the traders simply want honest and fair trading. Some brokers use various unacceptable methods such as excessive widening the spreads, Spiking the prices, requoting and delaying the prices and adding hidden commissions to your spreads. At OrigoFX, you get what we get because we ourselves, are also Autotraders. Very Low Institutional (ECN) Spreads What do most brokers mean when they say they offer low spreads? Most of them mean Retail Spreads. In most cases, Retail spreads are 1 to 2 Pips Higher than the Institutional spreads. At OrigoFX, we only offer institutional (ECN) spreads due to our collective power as a group. We don't offer fixed spreads which most dishonest brokers claim to offer. The pure liquidity prices are not fixed, they are Variable. Straight Through Processing Technology (STP) At OrigoFX, we use STP Technology for our brokerage. STP technology allows for completely direct and automatic execution of your trade at the Liquidity provider through our brokerage account without broker interference. We have "NO DEALING DESK (NDD)" Model of brokerage and we are NOT a CounterParty to any trades. STP does allow OrigoFX to be completely transparent and bear no conflicts of interest with all our member traders. Lowest Cost of Trading High costs in trading are due to high spreads and hidden commissions charged by brokers. In order to eliminate those high costs we offer very low institutional spreads because of our collective power, and we only charge a transparent fee of 0.5 Pips per Lot (US$ 0.50 Per Mini-Lot Per RoundTurn) as a commission to cover the operational costs. There are no restrictions and no other Charge. You can Hedge and Scalp as much as you want. Fast and easy money deposit / withdraw We know how important is to have your money in time. OrigoFX offers fast and easy money withdraw and deposit. You just have to fill the neccessary forms and you will have your money on your bank account in 2 workdays.
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