SYDNEY--(BUSINESS WIRE)--Leading Australian Forex broker Synergy FX (synergyfx.com.au) announced today that it is now accepting client applications for its new “SynergyHybrid ECN” accounts, just weeks after the market-shaking events of “Black Thursday”. Swiss National Bank intervention caused currency traders worldwide to demand protection from the very real possibility their account could be caught with a massive “Negative Balance” they might be required legally to repay. For some traders, this “Black Swan” exposure proved disastrous. Entire institutions have been left vulnerable, and many traders are desperately hoping their broker not only survives but is kind enough to forgive negative balances. A broker product solution has rarely been more desperately sought.
Recent Internet chatter revealed “Hybrid” to be a new term describing a trading account type that incorporates the most powerful elements of what is known as “A-Book” and “B-Book” trading models, with the specific intent of protecting traders from exposure to “Negative Balances”. In response, Synergy FX proudly is now offering “Hybrid Execution” accounts.
Synergy FX CEO Christian Dove commented: “As a result of public demand for Negative Balance Protection, we have created ‘SynergyHybrid ECN’. Historically Synergy has run an agency model, as we have always believed in true, fair and transparent pricing for our clients. Unfortunately, this model has led to the potential of clients realizing financial ruin. We at Synergy have the skill sets to manage the ‘edges’ of our clients exposures, enabling us to change the way we think about the service and the pricing we can offer. We can now offer the exact pricing that we receive from the market, and simply charge a small commission for each transaction made. Spreads are from 0 pips.
Mr Dove continued, “For ‘SynergyHybrid ECN’ accounts any negative balance is automatically forgiven and that’s GUARANTEED in our PDS and legal documentation. No other broker has done this. I believe this is the future of our business and I’m proud that Synergy FX is a leader.
Mr Dove concluded: “So with the combination of raw bank spreads from zero pips and true “Negative Balance Protection”, SynergyHybrid ECN is an account designed for real traders. Safety meets Performance, fully ASIC regulated. It’s all about providing the best possible product.”
See more at http://www.synergyfx.com.au