broker strategic partnership

#1
First Post: Oct 12, 2006 4:30pm Oct 12, 2006 4:30pm

hidethereal
| Joined May 2006 | Status: Trader | 308 Posts

I thought this was pretty interesting, it's copied from the Strategy Builder forum.

MoneyTec LLC announces strategic partnership with one of the largest and most respected clearing firms in the online forex industry, GAIN Capital Group LLC.
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Hallandale <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-comhttp://www.strategybuilderfx.com/ /><st1:City w:st=<st1:State w:st="on">Florida</st1:State></ST1[img]/images/smilies/tongue.gif[/img]lace - October 12, 2006 MoneyTec LLC announced a strategic partnership with Gain Capital Group LLC. MoneyTec LLC will provide forex traders with the powerful StrategyBuilderFX MT4 programmable trading platform routing orders straight through to one of the largest, most respected clearing firms in the online forex industry Gain Capital Group LLC.


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About StrategyBuilderFX MT4
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StrategyBuilderFX-MT4 www.StrategyBuilderFX.com a fully programmable automated trade execution trading platform;MT4 possess a powerful, easy to learn programming languages allows you to create Custom trade strategies, Indicators, automate strategies or trading systems and Scripts. Expert Advisors can analyze the situation on the market, make decisions, put pending orders, and open positions without trader's participation<O[img]/images/smilies/tongue.gif[/img]</O[img]/images/smilies/tongue.gif[/img]
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Presently, the StrategyBuilderFX-MT4 platform is available free of charge to professional users at GAIN Capital (www.gaincapital.com) and to self-directed retail traders at FOREX.com, the retail division of GAIN Capital Group (www.forex.com).
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Minimum Account Size: Regular: $2,500
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Spreads: 3-5

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About GAIN Capital Group, LLC


GAIN Capital Group, LLC and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826) a leader in foreign exchange services, including direct-access trading and asset management. Founded in 1999 by Wall Street veterans, GAIN Capital Group is one of the largest, most respected firms in the online forex industry, servicing clients from more than 140 countries and supporting trade volume in excess of $100 billion per month. Headquartered in <st1:City w:st="on">Bedminster</st1:City>, <st1:State w:st="on">New Jersey</st1:State>, the company operates sales offices in <st1:State w:st="on">New York</st1:State> and Shanghai.<st1:City w:st="on"><ST1[img]/images/smilies/tongue.gif[/img]</st1:City>

The company operates two full service web portals. FOREX.com (www.forex.com) services individual investors of all experience levels with a full-service trading platform, lower account minimums and extensive education and training. The company's flagship service, GAIN Capital (www.gaincapital.com) focuses on the needs of professional forex traders, including hedge funds and money managers


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About FOREX.com

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FOREX.com is and a division of GAIN Capital Group. A pioneer in online foreign exchange, GAIN Capital Group provides forex trading services to institutional investors and professional money managers in over 140 countries.<O[img]/images/smilies/tongue.gif[/img]</O[img]/images/smilies/tongue.gif[/img]

#2
Oct 12, 2006 4:32pm Oct 12, 2006 4:32pm

stockwet
Joined Mar 2006 | Status: Trader | 723 Posts

What's interesting about it?

#3
Oct 12, 2006 5:02pm Oct 12, 2006 5:02pm

merlin
Joined Mar 2004 | Status: Magic Man | 3,220 Posts

so is strategybuilderfx like a metatrader? ive always been confused about that...

Relax and be happy.

#4
Oct 12, 2006 5:04pm Oct 12, 2006 5:04pm

Typruss
| Joined Sep 2006 | Status: Your a Son of a PIP | 94 Posts

Anyone use Forex.com I tried their demo and found it easy to buy and sell but thats it. No fancy stuff like hedging (which i have to have for my style)and their charting software SUCKS.

#5
Oct 12, 2006 6:27pm Oct 12, 2006 6:27pm

stockwet
Joined Mar 2006 | Status: Trader | 723 Posts

Quoting merlin

Disliked

so is strategybuilderfx like a metatrader? ive always been confused about that...

Ignored

There is a bit of an secretive relationship between MetaQuotes (makers of MT), SBFX, and MoneyTec. I think people have asked what the relationship was on the forums but I've never seen a response.

#6
Oct 12, 2006 6:32pm Oct 12, 2006 6:32pm

hidethereal
| Joined May 2006 | Status: Trader | 308 Posts

Quoting stockwet

Disliked

What's interesting about it?

Ignored

Maybe I'm reading it wrong but I was thinking it meant you could now use MT4 through forex.com??

#7
Last Post: Edited 7:19pm Oct 21, 2006 6:15pm | Edited 7:19pm

Pacific Dragon
| Joined Jun 2005 | Status: Trader | 8 Posts

Quoting Stockwet

Disliked

There is a bit of an secretive relationship between MetaQuotes (makers of MT), SBFX, and MoneyTec. I think people have asked what the relationship was on the forums but I've never seen a response.

Ignored

I believe the answer was given by 'GigGun' on Forex TSD's Forums sometime back, who later on in the thread claims to be a moderator on MoneyTec (although I wouldn't be surprised to learn that it is the MoneyTec Adminstrator himself)...

http://www.forex-tsd.com/metatrader-...html#post28088

From my own belief, I believe that all StrategyBuilderFX really are is a middle man / agent appointed by MetaQuotes helping to distribute the MT4 client for MetaQuotes and that they get financial incentives for referring MetaTrader 4 Users onto MetaTrader 4 capable Brokers.

Quoting merlin

Disliked

so is strategybuilderfx like a metatrader? ive always been confused about that...

Ignored

From my own observation and use of both systems over the last year or so, there doesn't appear to be any functional difference between StrategyBuilderFX or MetaTrader (although I am willing to stand corrected on this) so to us, the prospective trader, there probably isn't much difference whether you sign up directly with the Forex Clearing Merchant or via a referral agent, StrategyBuilderFX

PS: It looks like the poster later on ended up being banned by Forex TSD's moderators for 'spamming by stealth'. Appears MoneyTec, I believe, have a history of engaging in this sort of tactic, particularly in the past with their own managed accounts despite frowning upon such behavior on their own forums.

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