BRISTOL, England, Oct. 26, 2011 /PRNewswire/ -- Effective today, Fair Trading Technology is leveling the playing field for all traders using its MetaTrader 4 bridge by eliminating the tiered commission structure and replacing it instead with a flat $1 per lot technology fee.
The move aims to make Fair Trading Technology's fees as transparent and simple as possible. Instead of a tiered, volume-based fee structure, pricing for the company's T3 Integration Bridge is now set at a flat $1 per lot technology fee, regardless of monthly turnover.
The lower pricing model will mean substantial savings, especially for lower-volume forex traders. The T3 Integration Bridge itself, however, will remain unchanged, offering the same totally transparent MetaTrader to true ECN trading bridge with multi-way execution first made available to traders last year.
Fair Trading Technology CEO Tim Haman said replacing the former commission with a lower flat technology fee will ultimately make the transparent trading platform available to a wider-range of traders.
"Up until now, only the highest volume traders received the lowest per lot fee. We feel that all traders should be able to take advantage of the speed, reliability and verifiable transparency offered by the T3 Integration Bridge. Price should not be a barrier," said Mr. Haman. "With our lower $1 per lot flat fee, we are leveling the playing field, making the world's first multiway ECN bridge available to all traders."
Fair Trading Technology co-founder McLean Van Cleve said the reduced fee makes the T3 Integration Bridge more accessible and appealing to forex traders.
"Our solution is transparent, so traders can know with certainty that their orders will reach the market," Mr. Van Cleve said. "The reduced fee is just an added bonus to an already excellent and easy-to-use service."
The new fee is in effect from the start of the trading day on October 26, 2011. Customers registering after this date will be subject to lower pricing immediately, while existing Fair Trading Technology customers will be contacted with further information on how to switch to the new flat fee.
SOURCE Fair Trading Technology