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e-Bullion co-founder jailed on money transfer charge

2008-09-29T10:06:00.000-07:00

James Fayed, the co-founder of e-Bullion, has been jailed after being charged with conducting unlicensed money transactions that allegedly netted $20 million worth of individuals' investments, according to Mark Aveis, an assistant U.S. attorney quoted on SFGate.com. Another article on The Los Angeles Times website this morning says Aveis described Fayed's businesses as Ponzi schemes.

Fayed is currently a suspect in the murder of his wife, Pamela Fayed, who was also a co-founder of e-Bullion. She was killed in a Los Angeles parking garage late last month. No one has been arrested in the murder case yet, but Aveis says James Fayed had a motive: killing her would prevent her from testifying in the case of the alleged unlicensed money transfer operation.

In a search of Fayed's house after his arrest last week, authorities seized $60,000, $3 million in gold bullion, and 25 weapons including assault rifles, according to Aveis.

At a hearing this week, Aveis claimed that Fayed was a flight risk and a danger to the community, but the judge ordered him released on $500,000 bond. The Times says Fayed remains in federal custody.

e-Bullion is one of several well-known "digital gold currency" firms. Using Internet transactions, DGC companies take customer deposits and match them with the equivalent amount of gold that is supposedly stored in vaults. Many of the companies are unregulated and/or incorporated in other countries to avoid U.S. financial laws and shield the identities of their clients. However, another GDC company, e-gold, recently vowed to tighten up its policies and submit to U.S. regulatory oversight after its founders pled guilty in a money laundering trial.

A message on the e-Bullion website on Tuesday afternoon said the site would be unavailable for four hours while staff performed "routine maintenance."
(source : www.thestandard.com)

Forex Broker

2008-09-19T10:15:00.000-07:00

Comprehensive listing of Forex Broker, Forex Trading System online and Forex Rates worldwide.

OpenForex.com - Forex analysis for forex brokers. Live SMS forex signals.
Advanced Currency Markets - Online forex trading, 3 pip spreads on main currency pairs. Real-time price feed on all majors currencies.
Akmos Trade - Offering 24-hour trading in four major currencies, with access to free real-time market news, quotes, and charts. Established in 1995.
Alaronfx - 24-hour, real-time Forex trading at Interbank spreads with live, streaming quotes.
ApexForex.com - no-commission forex trading, free real-time quotes, charts and news. 60 day free trial.
Bull FX - Foreign currency broker specializing in ongoing trader support.
Capital Forex - Online Foreign Exchange broker specializing in ongoing trader support.
Capital Market Services - 24-hour online foreign exchange currency trading. Unlimited demo account, dealing services, and the VT Trader platform.
Charter FX - foreign exchange traders advanced and secure method for trading online.
Choice FX - Online currency trading network.
City Credit Capital ( Labuan) Ltd - Licensed foreign exchange broker providing both on-line and traditional brokerage services to institutional investors and individuals.
Currency Connect Trading, Inc. - Online forex broker and forex trading system and training course.
Currency King - Foreign currency broker offering 3 pip spreads on all major currencies.
Currency UK - Specialists in foreign exchange.
Currenex, Inc. - Services for a variety of financial instruments such as forex spots, forwards, and swaps.
DIF Broker - online trading with charts, news, quotes and forums.
Dollarinvest.com - Providers of an online forex brokers and online forex trading system platform.
E Net Speculation S.A. - Real-time futures and forex trading. Free trial account.
The ECU Group plc - ECU's foreign currency management programme has a successful 13 year track record of reducing both its clients' loans and their interest payments.
Finotec Group Inc. - Tight spreads and real-time prices. Small minimum account balance to start.
First Forex Group - Resource for fx trading. Charts, news and quotes. Registration required.
Forex Capital Management - Forex resources, online trading and company background.
Forex Capital Markets LLC - 24 hour online currency trading for institutions and professional traders.
Forex Capital Services Ltd. - A site for Indian and overseas corporate for fx portfolio management. news, market analysis and advisory services.
Forex Capital Trust & Management Gmbh - 24h forex trading.
Forex Day Trading - Forex trading educational information and live demo to practice day trading. Also provide managed forex account services for individuals and institutions.
Forex Internation Trading Group - forex brokerage services and managed accounts.
FOREX International - An Introducing Broker for Advanced Currency Markets.
Forex Spot - Full featured currency trading firm.
Forex System Brokers - Executing Trading Systems and Advisory Services in the Forex Market.
Forex USA - Real time foreign currency trading.
Forex-ICE - live foreign exchange online currency trading and managed accounts for forex traders, individual and institutional investors.
Forex-tr - Online money management services, real time quotes, charts, news and 24 hour trading.
FX Active - opportunity to trade the five most traded currencies online.
FX Advantage - online foreign exchange trading to the everyday investor.
FX Asset Management - Managed forex accounts, trading, individual and institutional educated trader.
FX Euro Club - Real-time FOREX trading software with quotes, news, fundamental and technical analysis.
FX International Group, Inc. - institutions and private investors with accessibility, information, and solutions on the foreign exchange market. New York, NY, USA.
FX INTL Forex Brokerage - Online foreign exchange currency trading brokerage.
FX Solutions - Currency trading in the major pairs and the crosses, live demo and flash tutorial.
FX Trading, Inc. - brokerage services, including technical analysis, charting and current news on the foreign currency markets.
Fxall - Electronic trading platform offering foreign currency trade execution, access to research, and straight through processing.
FX24.com - trading services in the major currencies and gold.
FXInvest Online - Online Forex trading system of major currencies. Free quotes,charts,news andtechnical analysis. No commission/transaction fee. Middle Eastern IB and agencies welcome.
Fxspecialist.com - Professionally managed Forex accounts. CFTC/NFA regulated.
GAIN Capital - Independent provider of online currency trading.
GCI Financial Ltd - Online currency broker providing 24 hour commission-free trading, free charts and quotes, and insured client funds
Genforex and Finance SA - a 24 hour dealing spot forex for private and institutional investors.
Global Forex Trading, Ltd. - Global Forex 24 hour online Forex (FX) trading, offering over 40 currency pairs featuring DealBookFX, the world's most advanced Forex dealing software and free demo accounts.
Goetz Financial Forex - Online currency trading with technical analysis, charts and forex news.
Goldberg Foreign Exchange Brokerage - Currency trading firm offering brokerage services and online information for various Forex combinations.
Grant Global Services, Inc. - Self-directed online trading, managed foreign exchange, and analytical services.
Guardian International Forex Corp. - Foreign currency exchange, retail and wholesale dealers in cash, wires, drafts, and precious metals. Daily rates, news and exchange history.
HotSpotFX - Currency trading and electronic matching for financial institutions, corporations, hedge funds and individual investors.
IFX Commerce - Forex broker. online foreign exchange trading. Tight spreads, 24 hour dealing desk, and multi-language platform.
JBHeinrich.com - Forex Trading Online.
Kshitij Consultancy Services - Foreign exchange consultants.
Kuwait International Financial Group - Forex trading broker based in Kuwait.
Market Traders Institute - commission-free trading, forex lessons and tutorials. Demo account and trading tools. Australia.
MDI Corps - Foreign exchange trading, currency options and stock index.
Mercantile Exchange Corporation - Wholesale brokers in the Canadian corporate foreign exchange market.
Panorama Trading Group - Offering Elliott Wave analysis in Daily, Weekly and Monthly advisories. Additionally, we offer self-directed or managed accounts with free software, 3 pip spreads and commission free trading.
Performance Forex - realtime online currency trading, technicals, realtime charts, prices, market analysis and commentaries.
Phi Capital Management - Online Currency Trading, Free demo acct, charts & software.
Premier Investment, Inc. - online currency trading, managed accounts programs.
Pro Finance Service Inc. - Real-time information and transaction systems for operation on the world financial markets.
ProEdgeFX - ProEdgeFX a boutique like setting for the individual customers as well as the corporate or institutional investor.
ProtradeFx - FX trading and managed accounts. Daily commentary and online demo account.
Rada Forex - Interbank Forex and Money Markets Broker. Specializing in Emerging Markets, Exotic, and Minor Currencies.
Real Trade LLC - online forex trading. features demo account and quotes.
Realtimeforex - Foreign Exchange Market Maker. 24-hour online foreign exchange trading facilities to investors.
RefcoFX Forex Trading - online foreign currency forex trading. Direct access to the currency trading platform, news, charts and education.
Saxo Bank - Real time quotes, charts, news, analysis and online trading in spot, forward and options
ShieldFX - Provider of online currency trading. a trading platform built for active FX traders.
Spot Forex Management Sarl - brokerage services and managed accounts. Specialises in alternative investment techniques utilising margin investments in the forex market.
Swiss Finance Corporation Ltd. - 24 hour spot interbank desk servicing directly all type of investors and institutions around the world on margin/netting basis.
Swiss Forex AG, Zurich Swizterland - SWISSFOREX owns a proprietar web-based B2B Platform for managed FX Account.
Trading International, LLC. - FX trading manager for the casual investor, using techniques such as technical, trend-following, support and resistance, and volatility systems.
True Forex - Forex Portal, including Foreign exchange rates, forex news, currency market forex trading recommendations.
Vancouver Bullion & Currency Exchange - Current buy and sell rates of over 100 different currencies. Includes currency converter in CAD and USD funds.
Vigri Ltd. - Estonian company online forex trading with four major currencies (including live quotes, charts, news and free demo account).
4XDirect - managed no load Forex trading program without commissions, company background and Forex resources.

(source : www.danex-exm.dk)

History

2008-09-15T17:23:00.000-07:00

Brief history of Forex trading

Initially, the value of goods was expressed in terms of other goods, i.e. an economy based on barter between individual market participants. The obvious limitations of such a system encouraged establishing more generally accepted means of exchange at a fairly early stage in history, to set a common benchmark of value.

In different economies, everything from teeth to feathers to pretty stones has served this purpose, but soon metals, in particular gold and silver, established themselves as an accepted means of payment as well as a reliable storage of value.

Originally, coins were simply minted from the preferred metal, but in stable political regimes the introduction of a paper form of governmental IOUs (I owe you) gained acceptance during the Middle Ages. Such IOUs, often introduced more successfully through force than persuasion were the basis of modern currencies.

Before World War I, most central banks supported their currencies with convertibility to gold. Although paper money could always be exchanged for gold, in reality this did not occur often, fostering the sometimes disastrous notion that there was not necessarily a need for full cover in the central reserves of the government. At times, the ballooning supply of paper money without gold cover led to devastating inflation and resulting political instability. To protect local national interests, foreign exchange controls were increasingly introduced to prevent market forces from punishing monetary irresponsibility.

In the latter stages of World War II, the Bretton Woods agreement was reached on the initiative of the USA in July 1944. The Bretton Woods Conference rejected John Maynard Keynes suggestion for a new world reserve currency in favour of a system built on the US dollar. Other international institutions such as the IMF, the World Bank and GATT (General Agreement on Tariffs and Trade) were created in the same period as the emerging victors of WW2 searched for a way to avoid the destabilising monetary crises which led to the war.

The Bretton Woods agreement resulted in a system of fixed exchange rates that partly reinstated the gold standard, fixing the US dollar at USD35/oz and fixing the other main currencies to the dollar - and was intended to be permanent. The Bretton Woods system came under increasing pressure as national economies moved in different directions during the sixties. A number of realignments kept the system alive for a long time, but eventually Bretton Woods collapsed in the early seventies following president Nixon's suspension of the gold convertibility in August 1971. The dollar was no longer suitable as the sole international currency at a time when it was under severe pressure from increasing US budget and trade deficits. The following decades have seen foreign exchange trading develop into the largest global market by far. Restrictions on capital flows have been removed in most countries, leaving the market forces free to adjust foreign exchange rates according to their perceived values. But the idea of fixed exchange rates has by no means died.

The EEC (European Economic Community) introduced a new system of fixed exchange rates in 1979, the European Monetary System. This attempt to fix exchange rates met with near extinction in 1992-93, when pent-up economic pressures forced devaluations of a number of weak European currencies. Nevertheless, the quest for currency stability has continued in Europe with the renewed attempt to not only fix currencies but actually replace many of them with the Euro in 2001.

The lack of sustainability in fixed foreign exchange rates gained new relevance with the events in South East Asia in the latter part of 1997, where currency after currency was devalued against the US dollar, leaving other fixed exchange rates, in particular in South America, looking very vulnerable. But while commercial companies have had to face a much more volatile currency environment in recent years, investors and financial institutions have found a new playground.

The size of foreign exchange markets now dwarfs any other investment market by a large factor. It is estimated that more than USD 3,000 billion is traded every day, far more than the world's stock and bond markets combined.
(source : www.forextrading.com)

Introduction to Trading Forex

2008-09-15T16:24:00.000-07:00

Foreign Exchange
This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as a bull market to better acquaint you with some of the risks and opportunities of the largest and most liquid market in the world. As an additional aid for those who are new to Forex, there is also a glossary at the bottom of this text which explains some of the terms used in connection with currency trading.

Overview
Foreign exchange, Forex or just FX are all terms used to describe the trading of the world's many currencies. The Forex market is the largest market in the world, with trades amounting to more than USD 3 trillion every day. Most Forex trading is speculative, with only a low percentage of market activity representing governments' and companies' fundamental currency conversion needs. Unlike trading on the stock market, the Forex market is not conducted by a central exchange, but on the “interbank” market, which is thought of as an OTC (over the counter) market. Trading takes place directly between the two counterparts necessary to make a trade, whether over the telephone or on electronic networks all over the world. The main centres for trading are Sydney, Tokyo, London, Frankfurt and New York. This worldwide distribution of trading centres means that the Forex market is a 24-hour market.

Trading Forex
A currency trade is the simultaneous buying of one currency and selling of another one. The currency combination used in the trade is called a cross (for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD. The most important Forex market is the spot market as it has the largest volume. The market is called the spot market because trades are settled immediately, or “on the spot”. In practice this means two banking days.

Forward Outrights
For forward outrights, settlement on the value date selected in the trade means that even though the trade itself is carried out immediately, there is a small interest rate calculation left. The interest rate differential doesn't usually affect trade considerations unless you plan on holding a position with a large differential for a long period of time. The interest rate differential varies according to the cross you are trading. On the USDCHF, for example, the interest rate differential is quite small, whereas the differential on NOKJPY is large. This is because if you trade e.g. NOKJPY, you get almost 7% (annual) interest in Norway and close to 0% in Japan. So, if you borrow money in Japan, to finance the trade and buying NOK, you have a positive interest rate differential. This differential has to be calculated and added to your account. You can have both a positive and a negative interest rate differential, so it may work for or against you when you make a trade.

Trading on Margin
Trading on margin means that you can buy and sell assets that represent more value than the capital in your account. Forex trading is usually conducted with relatively small margin deposits. This is useful since it permits investors to exploit currency exchange rate fluctuations which tend to be very small. A margin of 1.0% means you can trade up to USD 1,000,000 even though you only have USD 10,000 in your account. A margin of 1% corresponds to a 100:1 leverage (or “gearing”). (Because USD 10,000 is 1% of USD 1,000,000.) Using this much leverage enables you to make profits very quickly, but there is also a greater risk of incurring large losses and even being completely wiped out. Therefore, it is inadvisable to maximise your leveraging as the risks can be very high.

Why Trade Forex?

24 hour trading
One of the major advantages of trading Forex is the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.

Superior liquidity
The Forex market is so liquid that there are always buyers and sellers to trade with. The liquidity of this market, especially that of the major currencies, helps ensure price stability and narrow spreads. The liquidity comes mainly from banks that provide liquidity to investors, companies, institutions and other currency market players.

No commissions
The fact that Forex is often traded without commissions makes it very attractive as an investment opportunity for investors who want to deal on a frequent basis.
Trading the “majors” is also cheaper than trading other cross because of the high level of liquidity.

100:1 Leverage
Leverage (gearing) enables you to hold a position worth up to 100 times more than your margin deposit. For example, a USD 10,000 deposit can command positions of up to USD 1,000,000 through leverage. You can leverage the first USD 25,000 of your investment up to 100 times and additional collateral up to 50 times.

Profit potential in falling markets
Since the market is constantly moving, there are always trading opportunities, whether a currency is strengthening or weakening in relation to another currency. When you trade currencies, they literally work against each other. If the EURUSD declines, for example, it is because the US dollar gets stronger against the euro and vice versa. So, if you think the EURUSD will decline (that is, that the euro will weaken versus the dollar), you would sell EUR now and then later you buy euro back at a lower price. In case that the EURUSD indeed declines, then you can take your profit. The opposite trading scenario would occur if the EURUSD appreciates.

Important Forex Trading Terms

Spread
The spread is the difference between the price that you can sell currency at (Bid) and the price you can buy currency at (Ask). The spread on majors is usually 3 pips under normal market conditions.

Pips
A pip is the smallest unit by which a cross price quote changes. When trading Forex you will often hear that there is a 3-pip spread when you trade the majors. This spread is revealed when you compare the bid and the ask price, for example EURUSD is quoted at a bid price of 0.9875 and an ask price of 0.9878. The difference is USD 0.0003, which is equal to 3 “pips”.

On a contract or position, the value of a pip can easily be calculated. You know that the EURUSD is quoted with four decimals, so all you have to do is cancel out the four zeros on the amount you trade and you will have the value of one pip. Thus, on a EURUSD 100,000 contract, one pip is USD 10. On a USDJPY 100,000 contract, one pip is equal to 1000 yen, because USDJPY is quoted with only two decimals.

Trading Scenario – Trading Rising Prices

If you believe that the euro will strengthen against the dollar you'll want to buy euro now and sell it back later at a higher price.

• You buy euro
We quote EURUSD at Bid 0.9875 and Ask 0.9878, which means that you can sell 1 euro for 0.9875 USD or buy 1 euro for 0.9878 USD.

In this example you buy euro 100,000, at the quote price of 0.9878 (ask price) per euro.

• The market moves in your favor
Later the market turns in favour of the euro and the EURUSD is now quoted at Bid 0.9894 and Ask 0.9896.

• Now you sell your euro and get the profit
You sell euro at a Bid price of 0.9894.

• The profit is calculated as follows
Sell price-buy price x size of trade
(0.9894 minus 0.9878) multiplied by 100.000 = USD 140 Profit
(Note that the profit or loss is always expressed in the secondary currency)

Trading Scenario – Trading Falling Prices

If, on the other hand, you believe that the euro will weaken against the dollar, you'll want to sell EURUSD.

• You sell euro
We quote EURUSD at a Bid price of 0.9875 and Ask price of 0.9880 and you decide to sell euro 100,000 at a Bid price of 0.9875.

• The market moves in your favour
The euro weakens against the dollar and the EURUSD is now quoted at bid 0.9744 and ask 0.9749.

• Now you buy back your euro
You buy EUR at an ask price of 0.9749.

• Your profit/loss is then
Sell price-buy price x size of trade
(0.9875 minus 0.9749) multiplied by 100.000 = USD 1260 Profit

Remember that trading EUR 100,000 as we have done in our examples, does not mean that you have to put up euro 100,000 yourself. On a 2% margin means that you have to deposit 2.0% of euro 100,000, which is euro 2,000 on margin as a guarantee for the future performance of your position.

Glossary

• Appreciation
An increase in the value of a currency.
• Ask
The price requested by the trader. This usually indicates the lowest price a seller will accept.
• Base currency
The currency that the investor buys or sells (i.e. EUR in EURUSD).
• Bear
Someone who believes prices are heading down. A bear market is one in which there has been a sustained fall in prices and which does not look like it will recover quickly.
• Bid
The price offered by the trader. This usually indicates the highest price a purchaser will pay.
• Bid/Ask
The Bid rate is the rate at which you can sell. The Ask (or offer) rate is the rate at which you can buy.
• Bull
Someone who is optimistic about the market. A bull market is characterised by enthusiastic and sustained buying.
• cross
When trading with currencies, the investor buys one currency with another. These two currencies form the cross: for example, EURUSD.
• Cross rate
An exchange rate that is calculated from two other exchange rates.
• Depreciation/decline
A fall in the value of a currency.
• Exchange rate
What one currency is worth in terms of another, for example the Australian dollar might be worth 58 US cents or 70 yen.

Currencies traded freely on foreign-exchange markets have a spot rate (applying to trades settled “spot”, i.e., two working days hence) and a forward rate. Countries can determine their exchange rates in a variety of ways.

1. A floating exchange rate system where the currency finds its own level in the market.
2. A crawling or flexible peg system which is a combination of an officially fixed rate and frequent small adjustments which in theory work against a build-up of speculation about a revaluation or devaluation.
3. A fixed exchange-rate system where the value of the currency is set by the government and/or the central bank.
• EURUSD
Means that you trade EUR against dollars. If you buy euro you pay in dollars and if you sell euro you receive dollars.
• FX, Forex, Foreign Exchange
All names for the transaction of one currency for another, e.g. you buy GBP 100.00 with USD 150.25 or sell USD 150.25 for GBP 100.00.
• Interbank
Short-term (often overnight) borrowing and lending between banks, as distinct from a banks business with their corporate clients or other financial institutions.
• Interest rate differential
The yield spread between two otherwise comparable debt instruments denominated in different currencies.
• Leverage (gearing)
The investor only funds part of the amount traded.
• Long
To buy.
• Long position
A position that increases its value if market prices increase.
• Liquid (-ity)
The capacity to be converted easily and with minimum loss into cash. A liquid market is one in which there is enough activity to satisfy both buyers and sellers. Ultra-short-dated treasury notes are an example of a liquid investment.
• Margin
The deposit required when entering into a position as well as to hold an open position. Your margin status can be monitored in the Account Summary.
• NYSE
The New York Stock Exchange.
• Open position
A position in a currency that has not yet been offset. For example, if you have bought 100,000 USDJPY, you have an open position in USDJPY until you offset it by selling 100,000 USDJPY, thus “closing” the position.
• Over the counter
When trading takes place directly between two parties, rather than on an exchange. Over the counter trades can be customised whereas exchange-traded products are often standardised.
• Pips
A pip is the smallest unit by which a Forex cross price quote changes. So if EURUSD bid is now quoted at 0.9767 and it moves up 2 pips, it will be quoted at 0.9769.
• Position
Traders talk of “taking a position” which simply means buying or selling currency cross. “Position” can also refer to a trader's cash/securities/currencies balance, whether he or she is short of cash, has money to lend, is overbought or oversold in a currency, etc.
• Risk
Trying to control outcomes to a known or predictable range of gains or losses. Risk management involves several steps which begin with a sound understanding of one's business and the exposures or risks that have to be covered to protect the value of that business. Then an assessment should be made of the types of variables that can affect the business and how best to protect against unwelcome outcomes. Consideration must also be given to the preferred risk profile – whether one is risk – averse or fairly aggressive in approach. This also involves deciding which instruments to use to manage risk and whether a natural hedge exists that can be used. Once undertaken, a risk-management strategy should be continually assessed for effectiveness and cost.
• Secondary currency (variable currency or counter currency)
The currency that the investor trades the base currency against (i.e. USD in EURUSD).
• Short position
A position that benefits from a decline in market prices.
• Short
To sell.
• Speculative
Buying and selling in the hope of making a profit, rather than doing so for some fundamental business-related need.
• Spot
A Spot rate is the current market price of an asset.
• Spot market
The part of the market calling for spot settlement of transactions. The precise meaning of “spot” will depend on local custom for a commodity, security or currency. In the UK, US and Australian foreign-exchange markets, “spot” means delivery two working days hence.
• Spread
The difference between the bid and the ask rate.

(source : www.forextrading.com)

Liberty Reserve

2008-09-10T00:23:00.000-07:00

Liberty Reserve is an account-based e-currency system in which you can store your money in American dollars, European EUROs and GOLD (soon) and transfer payments to other people and receive payments from others. It is safe, reliable and confidential. The payments are irrevocable (which means they can not be reversed). Liberty reserve is instantaneous, real-time currency for international trade. Within minutes, you can send and receive payments from anyone, anywhere on the globe!

E-currency, or digital currency, is a stored value and payment system, that allows users to store funds (such as Euro, USD, Yen, and metals such as gold, silver, etc., or anything else of value for that matter). The main feature of a digital currency is that spends (payments) are irrevocable, unlike bank payments (wires, checks), and other systems that have similar features (online payments) but can easily reverse payments, such as PayPal. Liberty Reserve is protected by an offshore Trust, and is at all times backed 100% by U.S. dollars for LR-USD accounts, and by gold for LR-gold accounts, etc.

Liberty Reserve is incorporated under the laws of Costa Rica and is a 100% irrevocable payment system and digital currency. You can send or receive money to or from anyone in the world.

One of the most important features of Liberty Reserve is the security of your account. Passwords, PIN's, stop account feature, and anti-keylogger (trojan) login system are just a few of the security precautions that Liberty Reserve has added to keep your value safe and secure within your account. Nothing works better, however, than your own due diligence when it comes to security. Always use an anti-virus for safe computing.

Transactions are instant and irrevocable.Eliminate risk and fraud. No more charge backs, defaults, high bank wire fees and bad checks! Use Liberty Reserve to make your online payments quickly, easily and in real time. Liberty Reserve is secure, easy to use and cost-effective.

Pay your bills using Liberty Reserve by just use any of approved exchange providers to send a check to you or anyone and anywhere in the world in exchange for your Liberty Reserve funds.

Liberty Reserve also provides personal, live, one-to-one chat with a customer support representative to answer your questions. No more waiting hours or days to get a simple question answered. Support representatives can also push a URL onto member's computer as a pop-up so that not have to go looking for a particular link.

(source : www.libertyreserve.com)

FxPro

2008-09-09T19:42:00.000-07:00

Through the in-depth brokerage, trading and banking experience offered by its founders and management, FxPro.com is equipped to perform its core mission: to provide our forex trading forex broker, we are dedicated to providing a completely safe and secure trading environment via 128 SSL encryption technology and partnerships with market leaders in the encryption industry. FxPro offers an array of sophisticated currency trading tools and services, including the industry's most advanced trading conditions for CFDs on spot FX, futures, stocks and spot precious metals. Our online trading platform, MetaTrader 4, combines advanced performance with convenient features to create an exceptional user experience. With institutional-level trading conditions, up-to-the-minute market news, a forex learning center, and much more, FxPro.com has the resources you need to trade forex like a pro. clients with leading-edge technology, superior execution and exemplary customer service. Our corporate character is defined by the integrity, values and principles we display in all of our everyday dealings. As a regulated

FxPro.com is owned by EuroOrient Securities and Financial Services Ltd, an investment firm regulated by the Cyprus Securities and Exchange Commission (license number 078/07). Our company is a member of professional bodies such as CIFSA (Cyprus International Financial Services Association, http://www.cifsa.org/), CCCI (Cyprus Chamber of Commerce and Industry, http://www.ccci.org.cy/), and CFSFA (Cyprus Financial Services Firms Association, http://www.cfsfa.org.cy/).

Dealing spreads

Spreads from 1.8 pips (EUR/USD)

Margin

More buying power with leverage from 1:1 (100% margin required) up to 1:500 (0.2% margin required)

Exclusive market news

Spot emerging trends in real time in your live trading platform with market and forex news from industry leaders, namely

Safety and Regulation

Stability, safety and security are defended and fortified by a well-built business continuity plan. Our regulated brokerage service offers unbeatable asset protection for all our clients.

Multiple currencies platform

Multiple currency denomination accounts are offered, including USD, EUR, GBP, CHF and JPY.

Trading size

From 10k (0.1 lot) trading volume is provided 24-hours 5 days a week

Deposit and Withdrawals - fast and Easy

At FxPro deposits and withdrawals can be made by Credit Cards or Wire Transfers.

No min/max withdrawal/deposit size

FxPro has no minimum or maximum restrictions for deposits or withdrawals
NOTE: Query the above information with earlier reference US$ 100 Minimum

Trading platform - FxPro Meta Trader 4

One of the most advanced and yet user friendly trading platforms in the market.

Superior Online Charting Capabilities

FxPro utilizes one of the most advanced, yet user-friendly trading platforms, MetaTrader 4, integrated with the most advanced charting tools.

Security

FxPro uses dealing servers with 128 SSL encryption technology and through partnerships with market leaders in the encryption industry enables you to trade online within a secure trading environment.

Live 24/5 Online Support

Support to our clients is provided 24 hours a day, 5 days a week through online Live Chat, Telephone or Skype.

About Marketiva

2008-09-09T08:54:00.000-07:00

Marketiva is a financial services corporation specialized in providing traders with high quality online trading services. With a team of dedicated financial specialists and technical support personnel, Marketiva operates globally as a market maker and principal counterparty to retail traders. Marketiva has established itself as an industry leader by relying on its cutting-edge internet trading platform and its superior customer service.

Marketiva's vision is to harness the power of the internet and provide traders with exceptionally effective trading tools and outstanding customer support. Traders using Marketiva enjoy the most advanced online retail trading front-end in the world, the Streamster™ software, renowned for its ease of use, flexibility and reliability.

Bringing Financial Markets to the World

Our mission is to create the most efficient and flexible environment for individuals around the world to freely participate in financial markets.

In order to help individual traders make independent and knowledgeable trading decisions, Marketiva provides several types of service completely free of charge: an advanced charting system, daily research reports, market event alerts, expert discussion forums and several other free value added services. Marketiva also offers virtual trading desks within each customer account to make it easy for traders to experiment with strategies, improve their trading skills and get acquainted with the system before buying and selling on a live trading desk.

Multinational Team of Professionals and Scientists

Marketiva's multinational team consists of financial specialists and computer scientists residing across four continents and all time zones, giving Marketiva unparalleled edge both in exposure to market events and real-time responsiveness to customer needs.

The uniqueness of Marketiva's approach lays in the synergy of financial professionals with more than 30 years of combined experience in both trading and dealing working together as one team with computer science experts shaping Marketiva's advanced trading platform. To achieve the ultimate in customer satisfaction, Marketiva's financial and IT experts combine their skills, target-oriented attitude, team spirit and unrelenting focus on the customer.

Integrity, Initiative and Continuous Innovation

We are committed to employing people of integrity, initiative and ability, who help us continue a culture of strong work ethic, value of ideas and responsiveness to customer's goals. Traders all across Europe, Asia and Americas have recognized the dedication Marketiva has to development of long-term relationships with clients.

Marketiva continues with its commitment to technical innovation by regularly advancing the trading platform with the goal of providing individual traders with the most effective and flexible trading platform in the world.

Marketiva is proud to offer one of the most advanced online trading platforms available. Historically, online traders have struggled with problems related to the trading platform, such as unreliable software, slow trade execution, incorrect price feeds and many others. Thanks to the superior trading platform Marketiva is utilizing, traders can finally concentrate on trading instead of various technical difficulties.

Next-Generation Phoneless Customer Support

To provide the quickest and best quality customer support, Marketiva uses a unique next-generation online customer relationship management platform. Marketiva customers enjoy the most responsive, low-cost customer support available thanks to Marketiva's customer support modules within its advanced trading platform. Marketiva customers use the built-in Support chat channel within the Streamster™ software or e-mail facilities to get answers to their queries in a record short time because there is no need to spend minutes on the phone establishing and authenticating the identity of the customer and explaining the full history of the support issue. Traditional phone-based customer support requires customers to make long, frequent expensive international calls that would over time incur high cost on the customer. Instead, Marketiva customers can solve any support issue quickly, efficiently and in an affordable manner by using either the real-time Support chat channel or e-mail with around-the-clock response.

Highest Standards in Service and Security

We combine our market experience, expertise, and professionalism with the world's best online trading software. Marketiva's trading and margin lines with leading banks and counterparties ensure your trades will be automatically executed and with no slippage.

Marketiva ensures that traders experience the highest level of performance, reliability and security by taking advantage of professionally managed network operation centers with fully redundant server arrays and redundant internet connections. Our technical staff is committed to ensuring a maximum possible uptime for Marketiva's service and 24-hour service accessibility. Unlike many online trading operations, trading platform used by Marketiva utilizes industry-standard encryption technology to ensure that all communication between our customers and our servers is completely protected and confidential.

Safety of Client Funds and Transaction Integration

Client funds held with Marketiva are maintained in separate accounts for the sole purpose of the clients' trading activity and are never commingled with operating capital of the company. Withdrawals from these bank accounts occur only as a direct result of clients' trading activities or an authorized request for withdrawal.

To ensure the safety of client funds, Marketiva has created three independent components operating under an integrated system of trading, settlement and risk control. The Execution Component receives and executes the clients' trading instructions; the Operations Component settles the transactions and transfers the funds; the Risk Control Component monitors transaction execution and the fund settlement process.

Marketiva utilizes transaction processing and integration services for both deposits and withdrawals, for purposes of getting one transaction stream and making the transaction processes faster, convenient and more efficient for customers.

Procedures for Prevention of Unlawful Activities

Marketiva is committed to assisting governments combat the threat from money laundering and terrorist financing activities around the world. For that purpose Marketiva has setup a highly sophisticated electronic system. This system documents and verifies client identification records, and tracks and maintains detailed records of all transactions. Marketiva carefully tracks suspicious and significant transaction activities, and reports such activities providing timely and comprehensive advice to law enforcement. To uphold the integrity of the reporting systems and provide protection to businesses, the legislative framework provides legal protections to providers of such advices. Marketiva is committed to regularly update its electronic system for inspection of suspicious transactions and for verification of client identification records, in accordance with any new regulations as they are promulgated, as well as providing training for its employees on enhancements to anti-money laundering procedures that may be required by new regulations. (source :www.marketiva.com)