Monday, May 3, 2010

Trading with GFS Platform (You trade yourself)




Synopsis
GFS provides a Forex Trading Platform with unique properties to facilitate real time trading. GFS immediately offsets all client trades with a bank or institutional liquidity provider and therefore they will never trade "against" their clients, GFS offers traders a high level of execution that is unmatched in the marketplace.
The following section provides more information on the advantages and workings of the OperaFX trading platform. Once you have read through the information why not try out their live demo account?



Execution
GFS offers traders the highest possible level of price transparency using real time streaming quotes, and a speed of execution that is unmatched in the marketplace. Clients simply click on the current bid or offer, deals are confirmed instantaneously, and all trading activity is tracked on screen in real time, including current open positions, real time profit and loss, margin availability, account balances, and all historical transaction details.
One of the primary reasons GFS has captured such a large institutional client base is the reliability of our prices and our fills. Our relationships with the world’s largest FX banks and liquidity providers allow our clients to directly access the global currency markets. This deep liquidity pool attracts those who require the ability to execute institutional size deals. With straight through processing (STP) even the largest orders are almost always filled at the displayed price.



Competitive Spreads and STP
Straight Through Processing (STP) - No Dealing Desk execution combines the benefits of direct access to the interbank market with the convenience and speed of GFS’s proprietary platform, OperaFX. GFS does not trade against our clients. We offer every client, including both retail and institutional, equal access to the interbank market. GFS does not have a need to know your positions, so stop and limit orders are never targeted or “hunted”. Traders rarely receive a “requoted” price on our STP platform, with the exception of extreme market volatility. Knowing that GFS only generates revenue off of the spread of the currency pair, and never takes the other side of any trades, our clients can be confident that we share an interest in their success.

Basically, we don't have a dealing desk and we don’t trade against our clients. When you want to buy or sell, the price that you see on the screen is the price that you will get. All your orders go straight to our liquidity providers like Goldman Sachs, Bank of America and Deutsche Bank, etc.

However, when you are dealing with a dealing desk firm. You are trading against them. They're going to process the orders that are more favorable to them, because they profit from you losses and the spreads. All your losses go straight to the broker and all you profit goes to the liquidity providers. When you could have lost 50$, you might have lost 80$. When you could have won $100, you might have won $60. There is a CONFLICT OF INTEREST when your broker is trading against you.

The fact that unlike most of our competitors we use STP has resulted in us having 0 complaints in our 10 year history. To have background information on our firm and other firms I recommend you visit the NFA (National Futures Association) website at: http://www.nfa.futures.org/basicnet/



Full Back Office
GFS has a highly sophisticated yet simple to use back office system for both retail and institutional clients. GFS handles all administrative and account management responsibilities including; real time trading activity, month end reporting, order history, floating P&L, rebate accumulation, multiple account management, accepting and approving all new customer account applications, fund transfers, and account inquiries. GFS provides access to a real-time Back Office reporting system 24 hours a day. In addition, OperaFX software eliminates individual trade overhead costs including trade confirmation, account statement processing, and margin control. Customers of IBs can login to their own trading account and view all account details at any time. While GFS takes care of all of your service and back office needs, you will be able to focus your energies on the areas that will grow your business.

Client Support
With 24 hour access to our customer and technical support team, through our website, live chat, email, and telephone, you will receive immediate service and support whenever you need it. Our multilingual Customer Service Department is on hand to answer any account questions you may have. IBs can utilize our IT, Sales, Back Office and Marketing teams’ expertise at any time. GFS Forex & Futures supports its clients, Introducing Brokers, and partners through every of stage of business development which includes set up, launch, and continuous training and marketing. For partners seeking co-branding, we can package the trading platform with your own corporate image, customizing your front end setup, website integration and hosting.

OperaFX – Spot Market Trading Platform
Our unwavering commitment to technological innovation has driven us to create OperaFX Pro – one of the most advanced products on the market. A friendly and sophisticated platform that caters to beginners as well as experienced traders and professionals, OperaFX provides unrivaled electronic trading tools and 24 hour access to the Forex market with superior execution.

As a proprietary platform, GFS can customize OperaFX to meet the requirements of your specific trading style. With numerous built-in customizable options and the ability to add, remove, or create features according to your specifications, OperaFX meets the needs of every Spot market trader.



Platform Features

A. View live streaming quotes of our STP prices

B. Multiple workspaces allow you to save different configurations of your trading setup

C. Orders can be placed directly from the quote list, the advanced price display, or directly off the chart

D. Select from a wide variety of drawing tools to insert Fibonacci levels, trend lines, and more, right onto your charts

E. All open positions are labeled on the charts so that you can easily follow the progress of your trades

F. Our customizable menu allows you to choose the color, layout, and style. You can also insert onto the charts numerous studies and indicators that are pre-installed on the platform. If you have a proprietary or specific indicator that you want to trade with, GFS will add it onto the platform for your own customized version.

G. Easily adjust the size of your orders. With 100:1 leverage, the number of lots you trade at a time gives you the ability to manage your risk

H. Follow your open positions, floating P/L, and add stop or limit orders with ease

I. The real time Dow Jones news source will keep you on top of the latest information related to the Forex market

J. The Historical Trading Log helps you manage your positions and review your past performance

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