Thread: [NoaFx] - Excellent Fund Safety | 100% Straight Through Processing

The NoaFX Performance Standard

NoaFX always strives to provide the best service to its clients, irrespective of their size or space. We create trading conditions that ensure the best environment for our clients. We ensure that you get the best of executions, and that all your trades get the best fills possible.


To show that our strive for excellence isn't just a play of words, we have decided to back it up with our performance monitored realtime, and being made public.


Performance Audit


Our performance in terms of trade execution is measured by:

• Execution time to fill orders
• Execution time for trade completion
• Number of requotes
• Average spreads dealt

These are the best methods to evaluate any forex broker and not many reveal such data. As these data are likely to reveal the truth about how trades are executed and how they are likely to affect the clients most brokers do not reveal such information publicly.


Execution Speed


The first is the execution speed. This will give you an idea of how we perform in a fast moving volatile market, illiquid market and in other market conditions. It will give you an idea of how soon a trade is executed, which will in turn ensure that you get the most efficient price you can get. The faster the execution, the better the price. If the execution speed is slow, then it is quite likely that price will change before the order reaches the market and so you either get a price requote or an off quote.


Given below is the average speed of execution, calculated daily for all trades, from the time it is submitted to the time it is executed at the side of the liquidity provider (LP). Once this is done, it basically guarantees that the trade is through and the price is fixed as well. As you can see, the average speed of execution at the LP side is less than 10 ms and we endeavor to keep it this way, whether the trade is of 1 microlot or 10,000 standard lots.


No. of orders Requotes


The next parameter we measure is the number of requotes. If price deviates too far away from the price that was requested, then the trader gets a requote. It also happens when there is a dealing desk in between, with such mechanism built in to make it difficult for the trader to make a profit by refusing a good fill.


As we are a straight through processing (STP) broker with no dealing desk, our execution speeds are among the best in the industry and so you rarely get a requote.


For the period starting 1st March 2012, we endeavor to keep requotes to the minimum and strive towards a no-requotes policy and we have managed to stick to it so far.


Average Spread


Finally, the favorite parameter for retail traders. The spread or cost of transaction!


The chart below shows the average spread on each of the major currency pair, measured on a daily basis. You can also see that it remains constant on a daily basis and there is no spread widening done on purpose to make any unethical profits.


Please be aware of making your trading choices based on exceptionally low spreads too. Extremely low spreads with poor execution speed or constant requites makes for difficult trading conditions as well.


You may have a very low spread but when you cannot get filled or get slipped constantly, it isn't a very effective trading platform either.

The NoaFX IB Account

With a NoaFX IB account the commissions that you could earn are only limited by the number of referrals you make and the trading activity of these referrals. This account is for individuals who want to earn commissions whenever they refer friends to our company, and it is a win win situation. The referrals get access to all of the same great NoaFX benefits and advantages and you gain commissions from making referrals and from any trading activity of your referrals.


A NoaFX IB account allows you to create your own referral network, and we offer a multi level commission structure. When your referrals make referrals of their own you will get commissions from this second level. The more clients you bring NoaFX the higher your commissions could be. The potential is unlimited, and you decide how much you earn with your NoaFX IB account.

How Does a NoaFX IB Account Work?


When you open a NoaFX IB account you can start referring people and companies immediately. When you make a referral then you receive a commission for this once the person that you refer opens an account and starts trading with us. The best part is that the referral will be impressed and they will also start to refer people to NoaFX. You receive commissions on multiple tiers, so you benefit when someone you refer directs their friends and clients to us as well. Eventually you can have a considerable amount of passive income just for helping others. Your referrals will find the best trading platforms and resources at NoaFX.


Please click here to download NoaFX's IB agreement.

Why Noa?

We know that there are plenty of brokerage firms out there, vying to have your account opened with them.


Here are reasons why you don't want to risk your money anywhere else;


Technology


Superior Technology. Period.


Our order clearance engine is far superior and has set standards that will revolutionize the FX industry. We are setting the standards for the fastest execution time and least number of requotes for a STP broker.


Fund Managers, First.


We know the games brokers play. Being fund managers, we have created this framework of impeccable standards with complete transparency. From technology, corporate governance to customer service standards, we want the best and we say it as it is.


Multi Platform Trading


We understand your need to access the markets on multiple platforms and when on the go.


It is your choice of platform when trading with us;

• Web Based Trading Platform MT4 MetaTrader
• Platform-Windows based
• IPhone Trader
• IPad Trader
• Android Trading Platform

Binary Options within MT4

Have the luxury and flexibility of trading Binary Options within your preferred MT4 platform itself! You no longer need to dabble with multiple platforms, maintain multiple margins and constantly worry about handling both accounts. Harness the power of our technology and take your trading to a whole new level!

NoaFX Fund Administration

In a time where brokerage houses, banks and even governments are facing risks of insolvency, one can never be too safe when it comes to safety of their funds.


Therefore, we have taken meticulous care to give you complete comfort in the way your deposits are kept safe with us


Fund Segregation


Conventional brokerage houses use 1 account as their financial repository. This will be the holding account for all clients' funds, company capital, investors' capital and any other form of deposits. Naturally, all clients' withdrawals and company expenses, such as directors' and staff salary, marketing expenses and company driven investments are based on the same account.


Therefore, unless there are strict financial accounting controls and prudent exercise of financial responsibilities, it won't be very long before expenses run out of control and clients' funds are put at risk. Further, investments made off these funds can be under great peril when managed wrongly. Stories of MF Global and PFGBest come to mind under these very management travesties.


Segregation of funds ensure that both the company's assets and the clients' assets are not maintained under the same account. In case the company becomes insolvent, the clients' funds are off balance sheet and therefore not claimable as they do not belong to the company.


Trust Facility


Though segregated accounts only mean that the accounts are separate, whether there is control as to whether the company can still access clients' funds is a further question to ask. Many firms use the "safety" of segregated accounts to sell their laurels, but how the funds within the clients' deposit account is used is still open to question.


NoaFX has addressed this concern by setting up a trust facility. This is independently administered by a certified law firm in New Zealand, who will inspect and authenticate every single transaction, in or out of the account.


Further, as the trustee is also a joint signatory on the bank account holding your funds, there is no permission to withdraw/invest these funds for company's interests.

NoaFX Rollover/Swap Rates

Rollover/swap rates are applied by NoaFX for each position that is held by a trader overnight. These rates will be payable or chargeable depending on the position that you have taken.


**Applicable charges are listed below according to the alphabetical order of the currency pair.

More detail

*NoaFX deems a position to be held overnight if the position was opened before the US session closes and this position is held after the US session closes. This is 5pm to 6pm every day. The time range is due to the fact that traders from certain parts of the world are impacted by Daylight Savings Time.


**The cost per contract figure is represents the notational adjustment direction to the NoaFX trading account that you have in base CCY.


NoaFX reserves the sole right to change the listed charges as applicable, whenever necessary at the sole discretion of NoaFX in order to conform to the requirements imposed by liquidity providers. NoaFX clients and members are advised to check these charges regularly to determine whether there have been any revisions.

How can we make trades with Binary options are simultaneously integrated with MT4 this?


Quite easy. after install software NoaFx binary option and then log in with your account data we then we just choose the currency pair with a binary choice option behind currency - written extension .bo (in this case I choose the pair EUR / USD. bo)

After that then do trading with binary options by selecting new order

Then we will be able to directly use the Binary Options and Forex trading simultaneously

Option trading time ranging from 60s - 5 hours. while the options are Up / Down, Big / Small and Odd / Even.

Since you are a ECN broker, do you charge any commissions

There is no commissions that we charge on all our orders. We pass the operational costs to you from our liquidity providers to you as spreads. That is all you "pay" to us.

What is the background of NoaFX

NoaFX is a retail spot FX brokerage arm of Capital Market Investments Limited(2011), Company registration number. 3693175.


We are licensed under the FMA and FSP regulatory bodies, under FSP License No. FSP284605


We are also a member of Financial Dispute Resolution Scheme (FDR), Membership No 276030, which is a non-profit arbitration body that handles customer disputes. This body is the first and most respected scheme under the External Dispute Resolution (EDR) scheme approved by the Minister for Consumer Affairs under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

Is there a minimum funding/withdrawal amount?


Yes, a minimum deposit amount of USD 10 is required to start trading. And a minimum withdrawal amount currently stands at an amount equivalent to USD 40.


What are the charges for funding my account?


NoaFX does not impose any charges for the funding of your trading account. Besides, we absorb your electronic transfer fee charged by your banks for deposits made via Debit Cards, Credit Cards, Bank wire deposits and e-currency deposits.


What are the charges for withdrawing funds from my account?


NoaFX charges USD 30 or SGD 40 for withdrawals made only via Bank wire, Credit Cards and CUP (China UnionPay). This charge however is not applicable to all other e-payment channels such as Neteller, Skrill, Payza & Fasapay.


Please note that this withdrawal charge will cover administration charges to process your transfer as well as to cover the outgoing costs for our bank wire transfer. Your own bank may/may not charge for incoming wire transfers. This has to be checked with your bank.


I have already put in a withdrawal request. How long does it take before I receive my funds?


Most withdrawals are processed within the same business day. Depending on the time of the day your request came in, you can expect the funds transfer to be issued out within 1 business day. Most deposits to your account should complete within 1-3 business days.


Since you are a ECN broker, do you charge any commissions?


There is no commissions that we charge on all our orders. We pass the operational costs to you from our liquidity providers to you as spreads. That is all you "pay" to us.

I've newer heard about Noafx broker company. Do you still operate on Forex market?

Oooh, sorry, I didn't look at the last post date. Well, good for you that you are still operate. Specify, please do you have any affilate program?