OREM, Utah, Jan. 7, 2014 /PRNewswire/ -- Apiary Fund (www.apiaryfund.com) today announced its trading volume hit a major milestone in 2013 by achieving more than $1 billion in trading volume for the year.
The milestone means the aggregate of individual trades within the fund hit $1 billion, and at the current rate of trading, the company believes it may double or triple its trading volume in 2014.
"This is a significant milestone for Apiary Fund," said Shawn Lucas, founder and CEO. "Our trading rates are dependent on volume and with this kind of volume we gain better rates and more leverage to shave off fees. Every penny is a significant saving in the currency exchange market."
The $1 billion mark will allow Apiary Fund to attract more banks for liquidity, drive down the cost of transactions and increase leverage with its current banking partners.
"The $1 billion milestone marks the confidence our traders have in our fund," said Lucas. "To get to $1 billion in transaction flow you need to have a lot of people who can use our capital to trade successfully."
Once a trader learns to trade at Apiary, they have the option to go anywhere. The fact they stay with the Apiary Fund demonstrates the level of confidence they have in it. They see the value Apiary Fund provides. The value is found in the fund itself. If they wanted to do it on their own, traders would have to invest or contribute large amounts of personal capital in order to create earnings growth.
With Apiary Fund, traders have access to the capital they trade with allowing them to focus only on trading to create earnings growth.
The announcement joins a series of 2013 milestones the company achieved:
- Apiary Fund changed its fee structure resulting in 5X growth rate in a matter of months.
- The company increased staff by more than 50 percent to support growth.
- MountainWest Capital Network recognized the company as a 2013 Utah Emerging Elite company.
Apiary Fund teaches participating associates how to trade in foreign currencies. With minimal cost for the training and no personal financial investment, Apiary Fund allows anyone to become a trader. Once they reach a level of proficiency with simulated trades as part of the training, traders use Apiary Fund's money for real trades and receive a percentage of the earnings from successful trades.
Located in Orem, Utah, Apiary Fund is a private company with a unique trading platform combining a brokerage, commercial finance education and proprietary funds. Apiary trained traders use Apiary's money to make trades and share in the profits. Other than course tuition, there is no personal investment or risk.
SOURCE Apiary Fund