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Thread: FX Primus

  1. #1
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    FX Primus

    FX Primus news.

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


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    FXPRIMUS Fully Audited by an Independent Accounting Firm

    FXPRIMUS understands that in light of recent and ongoing developments in the financial industry, you can never be too careful when considering the safety of your money. All too often clients are put in the precarious position of being forced to “trust” that their brokerage is treating their funds ethically and responsibly. We believe that our customers and partners deserve something better.

    FXPRIMUS is proud to announce that we’ve been audited by Lancasters Chartered Accountants.


    Why is it important that your broker undergo an audit?
    Auditing is important as it protects the public from scams or corrupt business procedures. Undergoing an Audit ensures that your brokerage is using fair policies prescribed by law. Knowing this, you can rest assured that your money is held in safe hands.
    "While it’s an arduous and expensive process for a foreign exchange brokerage firm to satisfy the requirements for an audit, we feel it’s absolutely necessary to show our clients we are in complete compliance across all facets," said FXPRIMUS’ President, Terry Thompson. He continued "We must take steps such as this to exhibit to our clients that we are indeed the gold standard when it comes to safety of funds, and encourage our clients to perform complete due diligence when it comes to choosing a brokerage to place their hard earned capital."

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


  3. #3
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    Re: FX Primus

    Team 1Malaysia FXPRIMUS Aylezo Takes the Chequered Flag in Second Place at the First Gulf 12 Hours Endurance Race at Yas Marina Circuit in Abu Dhabi

    21 January 2012, Yas Marina Circuit, Abu Dhabi - It was an historical day in Abu Dhabi today as Team 1Malaysia FXPRIMUS Aylezo came in at second place at the Yas Marina circuit. After half a day of wheel to wheel racing, the team deservingly took the chequered flag at the first ever Gulf 12 Hours endurance race.
    Having qualified in second place as well, the team was dealt with a blow as they had to start from the back of the grid. This was due to an engine replacement as the older unit simply could not handle the stress of endurance racing.
    The most experienced driver of the team, Jazeman Jaafar was tasked with starting the race against 24 other competitors. It was however not entirely smooth sailing as the effects of endurance racing took its toll on the car. Apart from tyres and brakes, some mechanical parts required replacing as well, effectively forcing the team to take extended pit stops up to an hour long at one point.
    The prolonged pit stops forced the team to drop a few positions but the drivers and the crew put in a fantastic combined effort, ensuring that mechanical failures were kept down to a minimum and stops for fuel, tyres and driver change took no longer than three minutes.
    At the restart after six hours of racing, the Team's Lotus 2-Eleven race car had a minor electrical problem that forced it to stall in the middle of the circuit. Circuit marshals towed it back to the pits and in a matter of minutes the problem was rectified and the car was back in the race again.
    British Formula 3 racer and team driver Jazeman Jaafar again put in a dominant display of speed and control to regain the time lost in the pits. He was soon lapping five seconds quicker than the fastest car in the class and by the time he handed over the car to the team's youngest driver, the 18 year old Hiqmar Danial, Jazeman had regained about five laps that were lost during the pit stop.
    The cool weather of the night provided ideal conditions; it was smooth racing with all both drivers showing their class and the team putting in an excellent show of supremacy in the pits. A few hours later, FXPRIMUS was handed its first ever chequered flag in a world class endurance race.
    Terry Thompson, President of FXPRIMUS was understandably ecstatic, “It was a brilliant race. We were all kept at the edge of our seats when the car needed some repairs but by nightfall we had our finger crossed lap after lap. I did expect us to finish the race, but to be honest I never expected us to take second place. This is an absolutely fantastic result for the team and for FXPRIMUS, a great start to 2012 even.”
    Team owner Zen Low was also overjoyed, “I can't express how glad I am, it was a difficult race, we had to nurse the car, but thankfully everything set in perfectly. I want to thank FXPRIMUS for believing in us and making this happen.”

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


  4. #4
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    Forex Brief of the Week of 30 Jan 2012: Greece on the Verge of a Deal

    After intense negotiations at the recent World Economic Forum in Davos, Switzerland, a deal with Greek bondholders seems imminent.
    In October 2011, the bondholders agreed to take a 50% cut in the face value of their bonds, worth more than 200 billion Euros. In simple terms, this means that bondholders will only be paid 100 billion Euros once the debt matures, effectively shaving off 100 billion Euros off Greece’s debt load.
    In a landmark discussion in Davos, politicians are now pushing for a 60% haircut.
    As recently as 23 January 2012, the creditors demanded an average coupon rate of 4.25%. The current proposal – a debt swap – is to have an average coupon rate of 3.6% on new 30-year bonds.
    The coupon rate had been the main stumbling block in the talks, with euro zone ministers rejecting private creditors’ demand for a coupon rate of at least 4%.
    In the end, creditors seem ready to accept a lower rate, although it hasn’t been cast in stone yet (at the time of this writing).
    “Next week we will be in a position to complete the debt swap,” Greek Finance Minister Evangelos Venizelos said, citing significant progress at Sunday’s talks. “We are really one step away from the final deal.”
    Crushed by 350 billion Euros of debt and running out of cash quickly, Greece is desperate to see the deal through, because it will pave the way for Greece to receive its second bailout from the “troika” worth 130 billion Euros.
    If the deal doesn’t go through, and money from the troika doesn’t flow in, Greece will have no way to meet the 14.5 billion Euros bond payment due on 20 March 2012.
    Davos aside, European Union leaders met in Brussels yesterday (Monday) to put the finishing touches on a German- led deficit-control treaty and endorse the statutes of a 500 billion Euro rescue fund to be set up this year.

    Best Regards, Tom Rink
    IAFT – working with us brings you more profit!
    forumtradersunion.com


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