financemagnates - 1/14/2020 6:16:14 PM - GMT (+0 )
TopFX, a Prime Brokerage firm that has been offering liquidity solutions since 2010, has obtained a new license from the Seychelles Financial Services Authority in December.
The firm has also announced plans for expansion in non-EU jurisdictions and the launch of a new program for Introducers and Fund Managers.
The program will only be available to countries outside the European Union and features unique benefits that enable Introducers to create a strong client base and earn a steady income.
This is a revolutionary initiative that resolves the common problems that Introducers and other partners face with retail brokers. In particular, the advantages of TopFX Introducer program are as follows:No direct competition, no conflict of interest
Instead of directly targeting retail clients via the various marketing channels, TopFX accepts retail traders only from Introducers who can then rest assured that the firm doesn’t compete with them in attracting clients.Flexible rebates and multiple referral plans
As a liquidity provider with a ten-year industry presence, TopFX offers ultra-low pricing and allows introducers to extensively customize their revenue by choosing from 15 different referral plans.
This structure allows for unparalleled flexibility in creating a stable income stream for the introducer without compromising trading conditions for the client.No expiration period
Retail brokers often define an expiration period for a client that an Introducer brings in. TopFX has no expiration period for clients, and an Introducer is entitled to receiving rebates for as long as the client trades with TopFX.
TopFX has also implemented an efficient infrastructure that allows Introducers to invite clients via a single URL code, have real-time access to their commission statements, make daily withdrawals, and be able to offer bonuses to their clients.
There is no cap on the number of clients that an IB can bring in or their traded volume.
Apart from its innovative Introducer program, TopFX never fails to offer superior trading conditions such as sharp execution below 25 ms, deep order book, copy and automated trading via both cTrader and MT4 and no restrictions on hedging and scalping.
TopFX’s CEO, Mr Alex Katsaros, states that “As with our All-in-One broker solution, when TopFX launches a new product, we want it to be groundbreaking and very competitive. We are bringing fairness to the introducer business, a large part of the FX industry, by not competing with our introducers, and removing expiration periods. At the same time, we offer 15 different rebates and pricing plans allowing the introducers to receive the largest rebates in the industry. Powered by 10 years of Liquidity Provider experience, and our connections in the industry, it’s no wonder that we already see overwhelming interest in this product.
The aforementioned flexibility of our offering allows introducers to run their operation more like a brokerage business, but without the need to operate a White label, placing our product in a separate niche allowing for the same revenues as running a White label but in a much easier way.
That being said, TopFX is not turning into a retail brokerage as we won’t be accepting retail clients directly or doing retail type marketing. We are offering our partnership product as a variant of our B2B solutions. We will continue accepting professional traders directly in the EU, offering institutional-grade conditions, ultra-low latency execution, and deep liquidity as well as provide our Premium Liquidity and All-in-One Broker solution to our Broker-Clients.”
TopFX is the tradename of Fondex Limited, a company registered under the Laws of Seychelles and is licensed by the Financial Services Authority (FSA) of Seychelles under the License No: SD037.
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