KPMG deployed to monitor Malta based broker Tier1FX’s
KPMG deployed to monitor Malta based broker Tier1FX’s explained by professional Forex trading experts the “KPMG deployed to monitor Malta based broker Tier1FX’s” FX trading team.
KPMG deployed to monitor Malta based broker Tier1FX’s
Tier1FX, the STP-DMA agency model broker regulated by the Malta Financial Services Authority, is pleased to announce that KPMG in Malta has been engaged to review its offering in FX and CFDs. Having examined its trading execution system and tested a representative sample of transactions in 2015, the resultant report has confirmed that these trades were executed on a Straight-Through-Processing (STP) basis.
The report provided by KPMG to the Company’s Board of Directors confirmed that, on the basis of the sample of trades analysed, Tier1FX employed exclusively an agency business model and did not act as principal on any trades placed on its platform and executed by its liquidity providers,
Tier1FX STP accounts are designed for clients seeking Direct Market Access (DMA) by trading on best in class liquidity sources from top tier banks, guaranteeing a non B-Book execution. With this offering, clients obtain the best FX rates available from top FX banks aggregated to Tier1FX’s liquidity pool in every trading transaction and with no dealer intervention; clients can either trade on raw market spreads plus volume-based commissions or trade on the same DMA liquidity with an all-inclusive spread.
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