Damon
Founder/Director Pellucid FX
- Messages
- 59
Hello,
My name is Damon hunt, I am a Forex trader and until recently I managed accounts. Now I am founder and director of Pellucid FX.
Please refer to a discussion I started on FPA in June 2011 "Can we build a better brokerage" for a more in-depth history of Pellucid FX
I founded Pellucid FX to solve a great many problems I was running into in the forex trading arena:
1. Warning realty adjustment follows: Pellucid FX has it's stop hunt option off... yup, it's a standard brokerage option, there are many automatic options that a broker has standard in his software (And the conspiracy theorists win!), one of them is Stop Hunt (set the amount and it automatically widens spread by that amount to take you out at your stop loss), Sick eh!? Other options include:
All these settings can be changed per trader or account type, and can be customized for order types, for example a broker could only use minimum slippage option on winning trades. In my case my broker was pulling all the tricks out of the bag because he was trading against me and losing, then moved me to STP and was not making enough money on me just taking the spread. Pellucid FX does not chase you, not only that you can contact Pellucid FX if conditions are not appropriate as Pellucid FX can do things like move you from market order to Kill or Fill executions if your strategy is really finicky about needing a certain price.
2. Pellucid FX has a portal (home page/back office) for investors that keeps forex and trading jargon out of the picture.
3. I have designed custom software for PAMM accounts offering more options and operations with simple controls.
4. I am hosting a page with tools and services that have made me or my friends profitable and consistent traders, the way I do this is as director I will just put them up on the resources page! It is up to Pellucid FX to affiliate with them and try to make a buck on it (Sive Morten's free daily videos are on there... good luck with that!)
5. Pellucid FX is unregulated. I have endeavored to put as much information on our site as possible so that client's can do proper due diligence for themselves. You can see where the company is formed and registered including registration documents, I have even put the phone number of Pellucid FX's Lawyer firm on the site, (ever been able to get 3rd party verification of your accounts being segregated? you can at Pellucid FX
6. Pellucid FX has a preferred banking solution for affiliates and profitable traders and investors. The client's funds bank is an "A rated" (Highest Moody's rating) bank out of Cayman, called Caledonian. Pellucid FX has set up an option with them that if you also have an account with them (we can introduce you if you don't) you can transfer between your Pellucid FX trading accounts and your own bank account at Caledonian for free! They offer an excellent unlimited (no cap) Debit/Credit Card with card fees rivaling my own local bank fees... did I mention it was offshore? This is a huge step for me as a trader that likes to draw funds regularly and have it immediately accessible with no limit caps or anything weird... just give me my money!
What sets Pellucid FX apart:
Pellucid FX also needs to be competitive so we have a billion funding solutions and tight spreads and MT4 and all the regular jiz jaz, but that's not what I am excited about.
I am excited that I can offer all walks of the forex world my dream brokerage
Pellucid FX is soft launched which means we are up and running but grooving staff in and squishing bugs as they pop up (for example we are moving to our proper domain host from the development server and E-mails are blinking on and off !) Besides the possible bug, it is the best time to check out the Pellucid FX, I am in the trenches and would love all feed back and ideas so I can change and help and implement as best as I can from ground level. For me this is the fun bit, when it gets to the part where all my programs are implemented (TONS in the pipeline still, sshhhh) and I have no further ideas and I am supposed to sit in a chair and "direct"... I think I will just go back to what I love, trading.
My name is Damon hunt, I am a Forex trader and until recently I managed accounts. Now I am founder and director of Pellucid FX.
Please refer to a discussion I started on FPA in June 2011 "Can we build a better brokerage" for a more in-depth history of Pellucid FX
I founded Pellucid FX to solve a great many problems I was running into in the forex trading arena:
- The better I did as a trader the worse my trading conditions got.
- My investors were confused when trying to enter into my managed accounts.
- I could not customize my managed account trading conditions enough
- Tools that actually helped traders were difficult to find and never featured by my brokers (As they rarely = volume.)
- Regulators were stepping in and making it more difficult to trade. But not making it safer for us traders.
- Although I had a billion options to fund, I rarely had an option more than a bankwire to withdraw with.
1. Warning realty adjustment follows: Pellucid FX has it's stop hunt option off... yup, it's a standard brokerage option, there are many automatic options that a broker has standard in his software (And the conspiracy theorists win!), one of them is Stop Hunt (set the amount and it automatically widens spread by that amount to take you out at your stop loss), Sick eh!? Other options include:
- Minimum Slippage (both entry and exits)
- how much to let a trader have of positive slippage (if any)
- Whether or not to fill you themselves or put your order through to market (Trade against you)
- minimum stall (how many milliseconds to wait before your order goes to market or you are filled.
All these settings can be changed per trader or account type, and can be customized for order types, for example a broker could only use minimum slippage option on winning trades. In my case my broker was pulling all the tricks out of the bag because he was trading against me and losing, then moved me to STP and was not making enough money on me just taking the spread. Pellucid FX does not chase you, not only that you can contact Pellucid FX if conditions are not appropriate as Pellucid FX can do things like move you from market order to Kill or Fill executions if your strategy is really finicky about needing a certain price.
2. Pellucid FX has a portal (home page/back office) for investors that keeps forex and trading jargon out of the picture.
3. I have designed custom software for PAMM accounts offering more options and operations with simple controls.
4. I am hosting a page with tools and services that have made me or my friends profitable and consistent traders, the way I do this is as director I will just put them up on the resources page! It is up to Pellucid FX to affiliate with them and try to make a buck on it (Sive Morten's free daily videos are on there... good luck with that!)
5. Pellucid FX is unregulated. I have endeavored to put as much information on our site as possible so that client's can do proper due diligence for themselves. You can see where the company is formed and registered including registration documents, I have even put the phone number of Pellucid FX's Lawyer firm on the site, (ever been able to get 3rd party verification of your accounts being segregated? you can at Pellucid FX
6. Pellucid FX has a preferred banking solution for affiliates and profitable traders and investors. The client's funds bank is an "A rated" (Highest Moody's rating) bank out of Cayman, called Caledonian. Pellucid FX has set up an option with them that if you also have an account with them (we can introduce you if you don't) you can transfer between your Pellucid FX trading accounts and your own bank account at Caledonian for free! They offer an excellent unlimited (no cap) Debit/Credit Card with card fees rivaling my own local bank fees... did I mention it was offshore? This is a huge step for me as a trader that likes to draw funds regularly and have it immediately accessible with no limit caps or anything weird... just give me my money!
What sets Pellucid FX apart:
- $200 minimum deposit
- Segregated accounts -Standard!
- Unregulated and Accountable
- Preferred Offshore banking Solutions
- NDD, STP trading conditions
- Fixed, Variable and ECN account types
- Investor Portal
- Next Gen PAMM accounts
- Social Copy Trade Web Platform
- Execution Customization
- Friendly
Pellucid FX also needs to be competitive so we have a billion funding solutions and tight spreads and MT4 and all the regular jiz jaz, but that's not what I am excited about.
I am excited that I can offer all walks of the forex world my dream brokerage
Pellucid FX is soft launched which means we are up and running but grooving staff in and squishing bugs as they pop up (for example we are moving to our proper domain host from the development server and E-mails are blinking on and off !) Besides the possible bug, it is the best time to check out the Pellucid FX, I am in the trenches and would love all feed back and ideas so I can change and help and implement as best as I can from ground level. For me this is the fun bit, when it gets to the part where all my programs are implemented (TONS in the pipeline still, sshhhh) and I have no further ideas and I am supposed to sit in a chair and "direct"... I think I will just go back to what I love, trading.
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