Xpresstrade Forex Broker


Junior member
36 1
Has anyone had any dealings with Xpresstrade?

I would be interested in hearing others comments.

Heres a few snippets from their website............

XPRESSTRADE is one of the premier players in Internet-based futures and forex brokerage. We're headquartered in the Chicago Mercantile Exchange Center, right smack in the center of the world's futures trading capitol. We've been registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant since 1999, and we're also a member of the National Futures Association (NFA). The four XPRESSTRADE principals actively engaged in day-to-day operations bring to the company nearly 100 years worth of combined futures industry experience -- as floor brokers, pit traders, exchange directors, and brokerage firm owners/managers -- so we know every aspect of the business, inside and out. We've created a secure, reliable, personalized, easy-to-use, real-time trading system that allows our customers to trade at the leading futures exchanges around the globe and to participate in the foreign currency market, 24 hours per day.

The financial integrity of XPRESSTRADE has always been one of our strongest selling points. We're registered with the Commodity Futures Trading Commission and the National Futures Association as a Futures Commission Merchant, which means that we're subject to strict regulatory oversight and capital requirements. In addition, ADM Investor Services (ADMIS) acts as our clearing firm for all futures and options transactions and is responsible for the safekeeping of XPRESSTRADE customer futures funds in a segregated account. ADMIS is a wholly-owned subsidiary of the Archer Daniels Midland Company (ADM), one of the world's largest agricultural processors and merchandisers, a Chicago Board of Trade member firm since 1927, and a Fortune 100 company, with net sales and other operating income of $30.7 billion, net earnings of $451 million, and shareholders' equity of $7.1 billion for the year ended June 30, 2003. Forex funds are held in FDIC-insured, segregated customer funds accounts at Fleet Bank, a top-flight, major U.S. banking institution owned by FleetBoston Financial. At the year ended December 31, 2002, FleetBoston carried $125.8 billion in customer deposits and posted net earnings of $1.2 billion and shareholders' equity of $16.8 billion.
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