| Specification |
Forex via a Middleman |
ASSET2003 |
| Account Minimum |
Minimum to open an account is $2,000 |
$500 |
| Margin Minimum |
$3,000 - controlled by Market Maker |
$1 - controlled by you |
| Margin Call |
Occurs frequently. Of5n a 1M trade you could be asked to provide another $10,000 to $30,000 daily |
Does not exist |
| Software and Data Fees |
from $80 - $250 per month |
$75 per month |
| Software Use |
Complex, hard to use |
Simple, easy to use, more reliable |
| Software Speed |
Market Maker publishes prices after the trade |
Bids and Offers published in realtime and faster than any other system we know. |
| Communication |
You can communicate with the Market Maker and the Market Maker can communicate with all clients. Clients cannot communicate with each other. |
Everyone can communicate directly with each other in an open forum. |
| Interest on Short Position |
If the bank pays 2% and charges 3% you will pay 3% to the bank |
You will pay 2.5% |
| Interest on Long Position |
If the bank pays 2% and charges 3% you will get 2% from the bank |
You are paid 2.5% |
| Interest Profit |
Market Maker profit between $5 to $100 daily on a 1M position |
$NIL Market Maker profit |
| Interest on Deposit |
The broker retains between 0.1% and 0.5% of the interest earned on the money on deposit. Cost is between 50c and $1000 per month |
A-s-s-e-t escrow service pays all interest in full. $NIL cost. |
| Hidden costs |
A 3 point spread that costs you 9 points, quoting on the edge of the market to favour their own position etc. |
No hidden costs (the spread is fully disclosed) |
| Trading Method |
Via Bank, Broker or Forex Market Maker |
Direct user to user, you take or place bids or offers |
| Matching |
Market Maker controls matching. Market Maker quotes bids and offers and profits from the spread |
User controlled, you take or place bids or offers |
| Market Depth and Disclosure |
Partial or no depth at all (Market Maker's position not disclosed) |
Total, complete and fully disclosed |
| Minimum Spread |
1 point |
1/10th of a point |
| Minimum Movement |
$100 per 1M trade |
$10 per 1M trade |
| Risk Control |
Very poor with unknown and open ended risk |
Excellent, total risk control |
| Stop-Loss Order Risks |
$2,000 on 1M trade is not uncommon. Potentially, you can suffer thousands in losses |
No stop-loss slippage risk. Total user control. |
| Cancel Order Risks |
You may not be able cancel orders due to computer, internet failures etc. Potential losses are $2,000 on a 1M trade |
You control order expiry (5 seconds to 23 hours) and orders will cancel regardless of failure. You control the amount at risk from $1 |
| Market Risk |
Over $10,000 per 1M traded and the real risk could be (and often is) more than the total on deposit with the Market Maker |
You take a bid or offer with a specified risk amount from $1 to $5,000, all risks absolutely known. You specify risk amount per trade from $1 to $5,000, all risks absolutely known |
