ForexNation.Org gives brokerage profits to charity

We’d like to introduce ourselves, we are Forex Nation - the world's 1st not-for-profit provider of forex - where doing what you love helps build a better future for all: http://www.ForexNation.Org
In a nutshell:

• Because we are a not-for-profit organisation we're not motivated by typical industry goals. This lets us offer the most competitive brokerage rates - without the need for gimmicks or special offers - just genuinely low spreads and commissions.

• Forex Nation offers four types of trading account, with each product designed to meet specific trading needs:

Standard - small spread brokerage, no commission, one-click trading, 29 currencies + metals + index cfds
Pro - institutional grade spreads - average 0.3 on majors and an industry leading commission of $3.50 per $100k traded ($7 round trip), up to 400:1 leverage.
MAM - also trading for others? Our multi account management software gives you the professional money management edge.
Institutional - aggregated liquidity, total anonymity between counterparties, for brokers, banks & money managers only.

• MetaTrader4 trading platform with one-click mobile trading applications for your smart phone or tablet. No trade restrictions: EAs, scalping & hedging all allowed.

• Open an account with as little as $200. Available to residents of almost every country. If you're starting out or testing a new trading strategy, try our free demo trading platform with simulated $5,000 practice balance. Click here to open a live or demo account online, fast.

• We operate a 24 hour customer service and trade desk for your assistance. Technical support closes at 10pm AEDT. Phone +61 2 8037 7384 (or if your enquiry isn't urgent you can achieve great things via our email system here).

When you invest in your own future by trading with Forex Nation, you're investing in the idea of a better future for all. So our clients enjoy the extra satisfaction of seeing brokerage dollars put to work funding education programmes, amenities and other charitable projects that benefit people and communities in need.

Thanks for taking a moment. Happy trading!

LOL You are 1 of the biggest SCAMS running around on the Internet


Welcome on forexfactory !

Not sure about scam as it is a registered company of Axi Trader. Better to be with a registered Australian broker than some crap island country or Eastern European country!

It's Welcome to Forexfactory, numbnuts

Hi Forexeurusd. I'm Danielle Lehrer, CEO of Forex Nation and I wanted to introduce myself so you could see there are real, competent business people behind www.ForexNation.Org .

I do understand your scepticism. As a trader I got sick of the fx scams and ripoffs happening around the place so decided to launch a not-for-profit organisation to give traders a fair go and then give our profits to charity. I can only recommend that you take a closer look at our website - we include links to ASIC company search facilities where you will find us listed, a copy of our Company Constitution (as lodged with the Australian Charities and Not-For-Profits Commission "ACNC"), our Not-For-Profit Australian Business Number plus the lodgement number of our application for registered charity status with the ACNC.

We are a white label with AxiCorp Financial Services providing our commercial function (FXN has addtional functions). AxiCorp is one of the fastest growing brokers in the world and, being located in Australia, is governed by ASICs strict financial regulations. AxiCorp also generously contributes to our charitable bottom line by donating some services that FXN would otherwise bare ourselves. This means our costs are reduced, allowing us to provide both a good deal to our fellow traders AND generate an income to fund our charitable projects.

By running our own commercial operation as a white label, FXN has no need for government handouts or telemarketing you at dinner time for donations . We’re a commercially self-sufficient NFP (soon to be registered charity). And because Not-For-Profits are legally prohibited from distributing profits to directors et al, our goal is that everybody benefits from association – our team, our clients, suppliers and charitable beneficiaries. There's simply enough for everyone and we think sharing makes life interesting.

Thanks for taking a moment. Happy trading.

Good morning traders.

FXN FYI: traders report:

1. positive slippage on news trades; and
2. higher comparitive gold profits

http://forexnation.org/conversation/

Please enjoy

i would believe u if i see u registered under ACNC as u r claiming...

Hi bisho777,

You did note our "(soon to be registered charity)" above..?

In addition to already being a registered not-for-profit company Forex Nation is seeking multiple registrations with the Australian Charities and Not-for-profit Commission (ACNC) for Charity and DGR status.

Our ACNC submission number is 0001729-2013 as stated in our website here http://forexnation.org/not-for-profit/ . These registrations have strict criteria and are typically a lengthy process.

We will update our status online as registrations are finalised. In the meantime please feel free to use any of the links provided on the above page to acquaint yourself with our ASIC-registered documentation.

Thanks.

i saw ur registeration with ASIC, but to be honest i still cant believe the charity n non-profit staff!

sorry but am honest!

Wow bisho, denial in the face of cold hard facts - you're a tough customer

We understand that what we're doing is breaking the mold of the traditional financial services offering and that you're wondering whether it can actually be true. I note that you've looked at our ASIC registration, but they can be hard to decipher so here's the ASIC link that explains our current registration as a special purpose not-for-profit company (that's what the 484F Change to Company Details Appoint or Cease a Special Purpose Company form lodged on 17 June 2013 is that you'll have seen in our ASIC registration documents).

In addition to being not-for-profit, our ACNC registration is progressing under 0001729-2013. Please understand though that ACNC registration doesn't affect whether we're a not-for-profit as we already are that. It affects what entitlements we can claim and whether we can give tax deductible receipts for corporate or private donations. We'll update our ACNC status as soon as we're notified.

Thanks for the chat bisho. Trade well.

am not expert with aussie regulations... about 484F thing maybe, i donno!!

hmmm it will be interesting to give u a try...i cant hide that... lol

yesterday in a forum I was asked whether Forex Nation is ECN and whether we have a dealing desk. The more I talk to traders from this side of the table, the more I realise how uninformed we retail traders are.

So I decided to answer in detail, hopefully clarifying the pertinent questions that a trader should ask when considering a forex broker.

I've re-posted my answer here in case it's of interest to you guys http://forexnation.org/conversation/

.

What were the specifics behind forexnation.org closing down? Did clients all get their funds returned?

Hello ybfjax,
Sorry for this late response but Forexnation, as you said , was closed down and we are relaunching it again. I will give you more details once we start working again.
Concerning your question, Forexnation was closed down because ASIC wanted us to pay a fee 5 times higher than usual in order to keep this project on so we stopped and now we are relaunching it in London as a possible CIC company (Community interest Company). We are almost about to start again and we will, of course, keep you all updated. Regarding to our clients, we didn't have to return their funds since they kept trading safety with our liquidity provider.

Dear all, we are glad to inform you that we are BACK on track!!
As we explained you before, we closed temporally and moved to England where we, successfully, convinced the strict but innovative English Community interest companies (CIC) to register Forex Nation - a forex broker and the first financial services company - as a CIC registered company.

We are pleased to inform you that Forex Nation is now back and legally bound to donate a minimum of 65% of profits to their nominated charitable purpose. Forex Nation's revenues will be shared and recycled in the real economy through microcredit, "In fact, through Microcredit the value chain is reopened and widens: small and medium entrepreneurs from around the world who would not normally have access to any forms of financing, will have a chance to achieve their dreams and ensuring a better future for generations to come”.Forex Nation gives life to something new that can change the finance world by promoting a world of Stability and Self-Sufficiency as a key to overcome poverty. But it doesn't stop here: a scientific research project in collaboration with some English Universities is carrying out by Forexation in order to demonstrate that companies have never before had a better opportunity to earn money by doing good, in other words: "By helping others you help yourself".

We encourage you to visit our new website :

http://forexnation.org/en/

I am here at your disposal if you need further information.

I'm a little confused. In order to actually offer retail forex services, don't you have to be regulated by FCA? Or are IBs (introducing brokers) exempt from regulation?

Also, which entity is actually the broker holding the funds:
a) KEY TO MARKETS NZ
b) KEY TO MARKETS UK
??
What are the differences between the 2 entities?

Hello Ybfjax.
We are here to answer & solve all your doubts. In fact, you are right. However, after legal consulations and with our actual business model (ForexNation as a CIC) the FCA regulation is not required. We garantee FCA & FCL protection through our broker partner Key to Markets which is the one that provides financial services.

Regarding your question about Key to Markets: Key to Markets UK works mainly with institutional client and Energy producer/ wholesalers through the energy desk. All FX accounts are open with Key to Markets NZ which is regulated by FSP (Financial Service Provider in NZ).At the same time Key to Markets NZ is fully owned by KTM UK that is regulated by FCA (financial conduct autority uk). Funds are sent to KTM NZ (entity) but are segregated from the company funds.


Let me know if you need further explanation. We are here for that!

Dear all,
I invited you all to read our article published by finance magnates. It explains our ideals and why we moved to London. As the article says: we have developed an unique hybridized approach!!!


http://www.financemagnates.com/execu...ampaign=buffer

Let us know if you have futher questions

Dear all,
Thanks to all of you, every monday we give a microcredit to young entrepeneurs in develping countries!
how do we do this? You open an account and trade through us and we do the rest! Don't you feel a great pleasure in doing what you love while helping someone else?
Today, monday, and following our commitment, we have lent a microcredit to Fatuma, from Kenia, to help her run her grossery store. Check our donations here: http://goo.gl/OqvnhU


Wana be part of this great project??? Visit our website here