SOURCE: EFX Group

September 09, 2005 12:39 ET

EFX Group/Williamsburg Partners With Creative Breakthrough-FX to Help Traders Join the Foreign Exchange Market

WILLIAMSBURG, VA -- (MARKET WIRE) -- September 9, 2005 -- EFX Group/Williamsburg, a branch office of El Segundo, Calif.-based EFX Group and an introducing broker for MBTT, announced that it has partnered with Creative Breakthrough - FX to create a trading system for foreign currency traders, known in the industry as FOREX.

Creative Breakthrough Inc. (Las Vegas, Nevada) has over 20 years experience in strategy development and provides live charts. FOREX Master was adapted from Creative Breakthrough's time tested commodity trading system which is a composition of simple rules based on support, resistance and trend line. These strategies have translated into trading systems covering seven cash currencies: Euro/US Dollar, Euro/Yen, US Dollar/Japanese Yen, US Dollar/Canadian Dollar, British Pound Sterling/US Dollar, Australian Dollar/US Dollar and US Dollar/Swiss Franc. The partnership means that FOREX Master will be free when you open an account with EFX Williamsburg and trade 50 full-size contracts per month. EFX Williamsburg will pay a portion of its commissions to Creative Breakthrough - FX. EFX Williamsburg Branch Manager Lee Young says, "FOREX Master is probably one of the best trading systems available." EFX Williamsburg is expanding its territory with community website portals and trading rooms in Richmond, Williamsburg and Virginia Beach. "EFX Williamsburg believes it is very important to provide value to our customers," said Young.

Unlike most FOREX trading firms, MBTT does not have a deal desk between you and your orders. MBTT utilize Straight Through Processing (STP), sending your orders directly to various banks and eliminating the potential for markup or spread manipulation. STP also prevents instances where you may be re-quoted, which generally occur when it is in the deal desk's best interest to delay the execution of your order, acting against your best interests.

About EFX Group

EFX Group is an affiliated introducing firm for MBT Technologies (MBTT) that receives volume-based referral fee for our service. As a member of the National Futures Association (NFA), MBT Technologies is accountable to stringent standards of capital adequacy and financial reporting.

Foreign exchange trading involves substantial risk of loss and may not be suitable for everyone. The possibility exists that you could sustain a loss of some or all of your initial investment, therefore, do not invest money you cannot afford to lose. Investors should only engage in trading after considering their financial situation, trading experience, loss tolerance, and other circumstances, therefore, it is advisable to seek independent advice if necessary. Risks are also associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection.

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