FX Renew vs Traditional Forex Brokers

Why is it risky to take advice from a Forex broker with a dealing desk?

As the counterparty to your trades, these Forex brokers have the ability to literally pocket your losses.  At FX Renew, we have no such ability and are only compensated with a percentage of the spread.

We then automatically pay you, our client, up to 100% of the spread we receive on every trade you make! 

There’s no catch, we simply want to do all we can to make your Forex trading experience a profitable one.

This example illustrates why FX Renews success relies on your success:

Scenario 1: You open a trading account with ABC Forex Brokers, a market-maker (dealing desk) and deposit $5,000.  In one month, you make 15 trades with 1 standard lot (100k or 1.00 in MT4) on each. You have 6 winners and 9 losers, with a net loss of $2,500.  The max revenue for ABC Forex Brokers is approximately $2,500.  Now, let’s say in the next 2 months you make 15 more trades, 10 winners and 5 losers with a net gain of $1,000.  Chances are, the max revenue is now closer to $1,500 ($2,500 loss – 1,000 gain).

Scenario 2: You open a trading account through FX Renew and deposit $5,000.  In one month, you make 15 trades with 1 standard lot (100k or 1.00 in MT4) on each.  You have 6 winners and 9 losers, with a net loss of $2,500.  FX Renew earns exactly $75.00 ($5.00 per 100k).  Now, let’s say in the next 2 months you make 15 more trades, 10 winners and 5 losers with a net gain of $1,000. FX Renew earns another $75.00; for a total of $150. Then, we give you back a rebate.

What Does This Mean for You?

As you can see, the gain or loss on your trades has no effect on how FX Renew is compensated.  This means that the more money you make, the longer you will stay with us and the more revenue we will receive.

Our interest is in seeing clients do well and continue to trade with us for the long-term. This is exactly why FX Renew refunds you part of the commissions we earn on your trades; it’s a win-win for us and our clients.