I really hope you don't believe this rubbish. Interestingly I interviewed on of your traders for a position once. A few points he made to me. He said your model was built on the fact that 90%+ of your clients blow their account. You therefore prefer not to hedge anything, where possible. Traders who make money spoil this scenario as failure to hedge by you leads to losses. 'succesful' traders therefore tend to be put on manual execution. When it is volatile they cant therefore deal at the required price. You are only providing liquidity to the losers, in effect. If your business model is based on long term relationships perhaps you would like to tell us what the average time a client has an account open with a positive balance on which they continue to trade? This is all fair enough but why not be honest about it? On a point of fact and market action. You claim that after a major figures prices quite often ebb before they flow. This is simply rubbish. When data like that comes out it is a one way bet for the first move. No other market maker called the dollar stronger at first on that day and nor would any player who had even the tiniest bit of knowledge unless there were other reasons for quoting a 'wrong' price. As for prop fx - can you confirm whether this model reflects the true price of currenex on which it is based - or does fxcm adjust these streaming prices on their own platform? If the prices on FXCM Pro are not identical to those of currenex how and why do the prices get adjusted?