Excel Markets Launches with Industry-Searing Spreads
Auckland, New Zealand March 2013
Two of the original 3 founders of the popular CashBackForex.com service, one of the largest introducing broker operations globally for the last 5 years, have officially launched Excel Markets. Excel is a new brokerage firm aimed at bringing a searingly competitive product to market where traders can trade currencies like the EURUSD on the MT4 platform at typical spreads of .65-.75 pips or even less inclusive of commission during liquid market sessions. Excel Markets, whose website is www.excelmarkets.com, is operated by Global Brokers NZ Ltd., a corporation tightly regulated as a Futures Dealer by the Financial Markets Authority of New Zealand. Under the FMA regime, GBL submits to a minimum $1,000,000 surplus liquid capital requirement, government mandated segregation of client funds and protection from creditor claims, and independent audits of financial statements and daily surplus liquid reports by BDO, a leading top 10 global accountancy firm.
Co-founders David Johnson and Jason Peterson have stated “There can be little doubt the Excel product will enjoy a level of success, however it will not be at the expense of the integrity of our existing products like CashBackForex. While Excel will certainly be an option for CashBackForex clients, it will simply be one more option among the many other firms we currently offer cash rebates for. Our intent is to ensure that in no way do we undermine the popularity, success, and diversification we have built with the CashBack product and we are dedicated to ensuring all of our existing brokerage partners at CashBack continue to receive unparalleled marketing services and high-volume client onboarding. Just like all the other firms we are partnered with, Excel Markets is just another important step toward diversification. One of the things Excel clients can count on, is the same industry renowned fanatical client services that CashBackForex has come to be known for.”
The Excel Markets ECN trading system offers the following key advantages:
- Average Spread of under .40 pips on EURUSD and USDJPY
- $200 Account Minimum Account
- 1 Microlot Minimum Trade Size
- 1:400 Leverage
- Fanatical Multilingual Client Services
- Android & iPhone Mobile Trading
- EA’s and Scalpers Welcome
- Full STP, ECN, NDD and DMA execution
- Metatrader 4 Trading Platform
- 8 Base Account Currencies
- Gov’t mandated Funds Segregation
- Robust Client Panel for fast funding and withdrawals, instant sub accounts and internal transfers, etc.
- Redundant, load balanced and geographically distributed high power server network co-located in NY4 Equinix ensures uptime and fast execution
As a genuine ECN platform, Excel Markets allows traders to use any type of automated or manual trading strategy, with no restrictions whatsoever on stop and limit orders to the current market price.
Two new account types, Excel Core Account and Excel Pro Account are introduced for Clients wishing to trade on Excel, both of which enjoy the extensive features available with the MT4 platform and requiring a minimum initial deposit of $200 or equivalent, with the main difference being the pricing model. Excel Core presents a zero commission ECN model with leverage of 1:400, while Excel Pro uses the lowest possible raw spread with a searingly-competitive commission fee and leverage of 1:400. Both offer free mobile trading, automated trading, zero requotes and ultra-rapid trade execution.
As traders ourselves we know what’s important to you; execution, transparency, cost, and features. We have made it our mission to provide the most competitive pricing, client services, features, trading conditions, and trading tools in the industry.
The Founders pride themselves on being engineers first and foremost as opposed to salesmen or internet marketers, with an unrelenting dedication to quality and unparalleled service. To benefit clients of various fx operations as well as the entire community they have developed one of the most sophisticated free trading portals on the web today. A stripped down beta version of the Razor community portal at www.forexrazor.com was released a few months ago and within weeks will undergo hefty upgrades which Directors believe will position at as a world class free trading product. Even currently, Excel clients can benefit from the Razor tools built with the latency and accuracy-sensitive trader in mind including an Account Performance Analyzer, Economic Impact Analyzer, Ultra-Fast Http-push Economic Calendar, Web Charting, Calculators and Social features, with quite many more features and upgrades coming very soon.
Excel Markets co-Founders Jason Peterson and David Johnson say this is just another example of some of the new innovations coming to the company as it enters a period of fast growth.
“Excel Markets is the culmination of many years work; it is a product that could have been released years earlier but we wanted to release only the very best including the technology that drives our trading system along with world-class liquidity. We are always striving to improve the trading experience for our clients and we are very pleased to finally introduce the Excel product, which provides traders with fast, easy execution, completely transparent pricing and a superb, innovative, user friendly trading experience”, they explain. “Since introducing the demo and beta, we have had excellent feedback from our clients, and we are excited to now provide a completely production ready trading experience.”
Excel Markets maintains staff throughout the world to serve clients in various time zones with approximately 30 current staff members. Client Service technicians are required to undergo intense training, recruitment testing, and regular auditing and reviews to help support the company goal of ensuring each and every client walks away from every encounter with a smile. Support is currently offered in English during all forex market hours while Chinese, Japanese, Arabic, and Spanish is available at minimum during typical trading hours per language. The list of supported languages will grow quickly and website translation into many different languages is already underway. Clients have the option of live chat, telephone, or email support and rapid email responses are a hallmark of the service strategy.
Note: Clients and readers are cautioned not to confuse the New Zealand FMA regulatory scheme with the New Zealand FSP so often cited within the retail forex industry. The FSP is a simple register that does not authorise a firm to deal in any financial instruments nor is it by any means a form of regulation. The register is quite unique in that it appears to list financial services for which a firm is authorised to deal in, however any registrant can place any verbiage they wish into the register and nearly anyone can register for just a few hundred dollars. This fact has made it a prime target for widespread abuse and fraudulent claims of regulatory participation.
To learn more about Excel Markets, open an account, or initiate a live chat, visit the Excel Markets website at http://www.excelmarkets.com or contact Excel Markets on support(at)excelmarkets(dot)com or by telephone at +64 4 488 0021.