George Mcall
Corporal
- Messages
- 89
Thank you for your response. However you do have me confused. You say that previously you operated as a market maker. As a market maker you would be the counter-party to any trade. I am puzzled as to the need for any involvement with Leverate.
I assume that STP stands for Straight Through Processing which is a banking concept rather than one used in forex. The idea of STP is to cut bank transaction times down from three days to almost instantaneous. Investopedia defines 'Straight Through Processing - STP' as an initiative used by companies in the financial world to optimize the speed at which transactions are processed. This is performed by allowing information that has been electronically entered to be transferred from one party to another in the settlement process without manually re-entering the same pieces of information repeatedly over the entire sequence of events.
You say 'As a whole we do not agree with many of the practices taking place in the FX brokerage place. As a new firm, that's why we want to change the game.'. However no such claim is made on your website and in the 'about us' section you say:
WHY TRADE FOREX, FOREIGN EXCHANGE WITH EVEREST MARKETS
EVEREST MARKETS FOREX SOFTWARE SOLUTIONS ARE INNOVATIVE
Everest Markets solutions are a gateway to the Forex market. We think outside of the box and set the trend for superior trading technology and world class support to both individual and institutional traders.
Further on your website you say:
WHY WE PARTNER WITH NEW ZEALAND
New Zealand is a safe and stable jurisdiction where banking activities are respected worldwide and tightly regulated by both the FSPR and the FMA. Everest Markets prides itself on itself on its heritage but also opens itself up to clients from across the globe providing services for our clients in several languages.
As a New Zealand broker, we register and comply with the following government agencies:
FINANCIAL SERVICES PROVIDER
The FSPR or FSP is where all New Zealand brokers must register in order to provide FX and brokerage services.
I assume that you are registered with the Financial Service Providers Register (FSPR). If so what is your registration number and please post a copy of your certificate of registration?
You also say:
ARE THERE ANY AUDITS OR CONTROLS IN PLACE TO SAFEGARD MY MONEY?
Everest Markets Limited is audited anually by 2 auditng houses. The primary audit is an internal audit conducted with a team of financial accountants at our offices in New Zealand. The secondary is an International Audit conducted by a 3rd party auditor. The results of which are available upon request towards our compliance and audit department.
Please provide and post a copy of either a certificate or letter from the 3rd party auditor confirming the outcome of the most recent audit and the period covered by the audit.
Finally I would remind you of your guarantee which reads:
EFFICIENCY
From staying ahead by using the latest technology or by investing in our team, we know that you will be satisfied with our service. Whether the markets are open or not, we are on stand-by making sure that your needs are taken care of. We understand that in todays world, "9-5" business hours will not due. Hence, we provide 24/7 support to our clients, bridging the gap between East and West, guaranteeing every question be answered.
I trust that you will be honoring your guarantee by answering both the questions that I have asked.
To avoid any doubt, they are:
I assume that you are registered with the Financial Service Providers Register (FSPR). If so what is your registration number and please post a copy of your certificate of registration?
and
Please provide and post a copy of either a certificate or letter from the 3rd party auditor confirming the outcome of the most recent audit and the period covered by the audit.
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