"You Spoke. We Listened. SynergyHybrid ECN"
(Sponsored content)
Leading Australian Forex broker Synergy FX
(synergyfx.com.au) announced today that it is now accepting client
applications for its new "SynergyHybrid ECN" account type, just weeks
after the market-shaking events of "Black Thursday". Swiss National Bank
intervention that day caused independent currency traders from around
the globe to begin demanding some sort
of protection from the very real possibility that their account could
be caught with a massive "Negative Balance" that they might be required
legally to repay. For some traders, this "Black Swan" exposure has
resulted in a disastrous outcome to their trading endeavors, and indeed
their very financial lives in many cases. Entire institutions have been
left vulnerable, and many traders are desperately hoping their
broker not only survives but is kind enough to forgive negative
balances. A broker product solution has rarely been more desperately
sought.
Only in the last week or so did a new buzzword begin to
be seen across forex forums and discussion groups online. "Hybrid"
became the term used to describe a trading account type that
incorporates the most powerful elements of what is known as the "A-Book"
and "B-Book" trading models, with the specific intent of protecting
traders from any legal liability to "Negative Balances". In response,
Synergy FX proudly is now offering "Hybrid Execution" accounts.
Synergy
FX CEO Christian Dove had this to say: "As a result of public demand
for Negative Balance Protection, we have created our 'SynergyHybrid ECN'
account. Historically Synergy has run an agency model, as we have
always believed in true, fair and transparent pricing for our clients.
As we've seen however, this model has led to the potential of the
clients going in to negative equity, and this has caused disasters with
some of the big boys. We at Synergy have the skill sets to manage the
'edges' of our clients exposures, which has enabled us to change the way
we think about the service and the pricing we can offer you. We can now
offer you the exact pricing that we receive from the market, and we
simply charge you a small commission for each transaction made. So
that's spreads from 0 pips.
Mr Dove continued, "For
'SynergyHybrid ECN' accounts any negative balance is automatically
forgiven and we've made that GUARANTEED in our PDS and legal
documentation. No other broker at the point of this writing has done
this. I believe this is the future of our business and I'm proud that
Synergy FX is a leader. The reason we can do it is that we have an
experienced team behind us."
Mr Dove concluded: "So with the
combination of raw bank spreads from zero pips and true "Negative
Balance Protection" in writing, SynergyHybrid ECN is an account designed
for real traders. Safety meets Performance, fully ASIC regulated. It's
all about providing you with the best possible product."
Synergy FX invites interested to parties to learn more at http://www.synergyfx.com.au
