Why Trade with Forex FS

Regulated financial trading
Forex FS is an Australian incorporated company and holder of an Australian Financial Services Licence. Forex FS is regulated by the Australian Securities and Investments Commission (ASIC)
Client Funds held in an Australian Bank
All clients' funds are held in a client trust account in Australia with National Australia Bank. Withdrawal requests are typically processed within 2 business days.
World renowned trading MT4 platform
with features that include:
• Instant executionForex FS is committed to ensuring you deal on the prices you see. At a glance you can see where the market can be bought and sold (under normal market conditions).• Complete technical analysis packageMore than 30 in-built indicators and charting tools The ability to create various custom indicatorsDifferent time periods (from minutes to months)• Fully Automated TradingEliminate the need to sit for endless hours in front of your screen. Forex FS-MT4 expert advisors allows you the possibility of developing and using automated trading programs which will do the trading for you.
Transparent competitive two-way pricing
We offer very competitive spreads on over 20 currency pairs, typically 2 to 3 pip spreads on the major currency pairs.
ForexFS strives to provide tight and competitive spreads. However, there may be times when market conditions cause spreads to widen beyond our typical spreads.
Low FX margin requirements
Access Forex with margin requirements of just 1% or leverage of 100 to1.
Flexible lot sizes
You are not restricted to trading in standard lot sizes. Take advantage of our wide range of trading sizes from 10,000 to 10 million.
Hedging capability
You have complete control over whether you close or hedge your positions to reduce risk. You can run multiple positions for each currency pair which can be individually selected for closing.
A fast and efficient back office system
When you fund your FX account and start trading, you receive straight-through-processing of your trades; offering live position keeping, margining, statements, unrealised and realised profit & loss.

Financial Services Guide

1. Issue Date
This Financial Services Guide (FSG) is dated 1 November 2009.
2. Purpose and Contents of this Financial Services Guide (“FSG”)
This FSG is designed to provide you with important information regarding our services prior to providing you with a financial service, including the following:
• Who we are• How you can contact us• What services we are authorised to provide• How we are remunerated for these services• Any (potential) conflicts of interest we may have; and• Our internal and external dispute resolution process.
If you would like further information, please ask us.
3. Name of Service Provider & Principal Contact
The Service Provider is Forex Financial Services Pty Ltd ABN 84 129 217 812 (“FFS”), and the Principal Contact is Rory Kennedy, Managing Director.
4. Australian Financial Services Licence (“AFSL”) details & Financial Services provided
FFS holds an AFSL [Number 323193] and is authorised to provide the following services:
• to provide general and/or personal financial product advice in relation to derivatives and foreign exchange contracts;• to deal (issue and arrange) in derivatives and foreign exchange contracts; and• to make a market in derivatives and foreign exchange contracts;;to retail and wholesale clients.
We offer general advice and an online trading facility for clients to trade in margin foreign exchange contracts. Client positions never go to delivery and the terms of the derivative always provide for cash settlement between FFS and the client. The parties to the FFS margin FX contract will always be FFS and the relevant client.
However FFS may utilise the execution and settlement services of appropriately licensed third-parties on behalf of the Client in order to provide the services detailed.
5. Contact details of FFS
Forex Financial Services Pty LtdSuite 202, Level 2, 23-25 Hunter Street Sydney NSW 2000Telephone: (612) 9151 4240Facsimile: (612) 9232 3599Website: www.forexfs.comEmail: info@forexfs.com
6. Method of providing financial services
If you wish to utilise our services you may issue us with instructions via the on-line trading facility.
7. Nature of Advice
Please note that unless specifically agreed in writing by way of the issuance of a formal Statement of Advice, FFS does not provide personal advice (advice which takes into consideration one or more of your financial objectives, circumstances or needs). We are obliged to warn you that our general advice provided to you as a retail client does not take account of your objectives, financial situation or needs. Therefore, we recommend that you take all reasonable steps to fully understand the outcomes of specific products and strategies adopted in relation to utilising the services provided by FFS.
8. Documentation
Transaction Documentation:FFS will provide you with the requisite documentation to facilitate requested transactions, including an Account Application; and transaction confirmations.
Product Disclosure Statement:If we make a recommendation for you to acquire a particular financial product or offer to provide or arrange for the provision of a particular financial product, you will also receive a Product Disclosure Statement which contains important information regarding the features, benefits, risks and fees applicable to investment in such product, and should be read carefully to enable you to
make an informed decision about whether to acquire or utilise such products.
9. Professional Indemnity Insurance
In compliance with s912B of the Corporations Act 2001 (Cth) and ASIC RG 126, we maintain professional indemnity insurance to cover financial products and services we provide, including any claims in relation to the conduct of our former representatives/employees.
10. Our record-keeping obligations
FFS will seek to ensure that comprehensive and accurate records of all advice/ recommendations provided and transactions undertaken, are properly maintained.
11. Who do we act for?
FFS is responsible for the financial services we provide to you under our Australian Financial Services Licence, and does not act as a representative of any other licensee in relation to the services or products we provide.
When dealing in Margin FX, which are over-the-counter (OTC) derivatives, FFS is a market maker, not an agent. Accordingly, FFS acts as principal in all transactions with you in respect of these specific financial products.
Any remuneration that FFS may derive is included in the fees and commissions you pay as outlined in section 12 – you do not pay extra.
12. Remuneration/commission/benefits expected to be received by FFS for provision of financial services
FFS charge clients a fee of AUD$4-7 per 1 lot (100,000) depending on the client’s monthly volume on derivatives trades, and our profit margin is otherwise built into the terms of the derivative price (which is unknown prior to the date of issue, and cannot be properly ascertained until after the trade is closed).
FFS may also receive rebates from our third party service providers, however these will not affect transaction prices or fees. You will be liable for fees for related services that may be charged directly by our nominated third-party service providers depending upon the type of service you utilise.
FFS’s employees and directors are remunerated by way of salary, profit share and/or commissions.
You may have been referred to us by a service provider who may receive financial or non-financial benefits from us. These should have been disclosed to you by the service provider in question. Please note that such benefits will not impact transaction fees or the price you will be offered for FFS products.
13. Disclosure of any relevant conflicts of interest
FFS does not have any relationships or associations which might influence us in providing you with our services.
14. Dispute Resolution
FFS has an internal dispute resolution process in place to resolve any complaints or concerns you may have, quickly and fairly. Any complaints or concerns should be directed to the Complaints Officer (by telephone, facsimile, or letter) at the address and telephone/fax numbers provided in Section 5 of this FSG.
We will provide acknowledgement of receipt of written complaints within 5 business days, and seek to resolve and respond to complaints within 30 business days of receipt. We will investigate your complaint, and provide you with our decision, and the reasons on which it is based, in writing.
If you are dissatisfied with the outcome, you have the right to lodge a complaint with the Financial Ombudsman Service [contact details below], an approved external dispute resolution scheme, of which FFS is a member.
Financial Ombudsman ServiceGPO Box 3 MELBOURNE VIC 3001Telephone: 1300 780 808 Facsimile: 03 9613 6399Website: www.fos.org.auEmail: info@fos.org.au
15. Privacy
FFS is committed to compliance with the Privacy Act and the National Privacy Principles, and providing you with financial products and services in a manner which ensures your right to privacy is respected.
We only collect, use and retain personal information which is necessary to provide you with access to, and information about, our services.
Where we disclose your personal information to external parties, such as our professional advisers, they are required and committed to protecting your privacy.
If you wish to access or update information we hold about you, please ask us and we will make arrangements for you to do so.
A copy of our privacy policy is available from us. Please contact us if you have any concerns.

Land Dispute in Kampong Thom Leads to Violence and Arrests

By Chun Sakada, VOA Khmer Original report from Phnom Penh 18 November 2009

Three villagers have been arrested in Kampong Thom province on Wednesday in a chronic land dispute and some others are being pursued by provincial authority, officials and villagers said.

“We are interrogating the three men for more arrests of those involved before sending the case to court,” Kampong Thom provincial police chief, Phan Sopheng, said.

More than 1,000 families live on the land that is now part of an 8,000-hectare land concession belonging to the Vietnamese Tin Bien company.

As a result of the dispute, some property belonging to the company, including two bulldozers, an excavator, and a generator, were burned when violence erupted Monday. Nine residents were also wounded.

Land disputes are on the rise in Cambodia. In 2008, a human rights group Adhoc documented 306 cases with 150 people arrested.

Karzai Sworn in for Second Term as Afghan President

By VOA News 19 November 2009

Afghan President Hamid Karzai has been sworn in for a second five-year term following his disputed victory in fraud-marred presidential elections.

Afghanistan's President Hamid Karzai (L) takes the presidential oath besides Afghanistan's Chief Justice Abdul Salam Azimi during his inauguration at the Presidential Palace in Kabul, 19 Nov 2009

The inauguration was held Thursday at the presidential palace in the capital Kabul.

Addressing hundreds of foreign dignitaries and Afghan leaders at the ceremony, President Karzai vowed to tackle government corruption, calling it a "dangerous enemy of the state."

Mr. Karzai has faced intense Western pressure to fight corruption and improve government accountability. He promised to select "competent," "expert" ministers and vowed to take action against those who are stepping over the country's laws and constitution.

President Karzai said another priority for his government will be to transfer the leading role for security from international forces to the Afghan army. Mr. Karzai said he hopes Afghan forces will lead all security operations within the next five years.

He said he believes the "problem of international terrorism" in Afghanistan will be overcome.

President Karzai also pledged to combat the problem of drug trafficking in Afghanistan, which produces about 90 percent of the world's opium - the key ingredient in heroin. The Afghan leader called on the international community to help Afghanistan tackle the traffickers and those who cultivate poppies.

He said he also wants to secure prosperity for his country and will do his best to secure its access to the international market.

President Karzai concluded his speech by reaching out to his rivals in the disputed presidential election. He said he invites all candidates to partner with him to help govern the country and apologized if anyone was upset by him or his administration. He said he is sorry if he has not fulfilled all that he had promised.

Mr. Karzai won the election by default after his main challenger, Abdullah Abdullah, withdrew from a runoff, saying it was impossible for the vote to be fair.

U.S. Secretary of State Hillary Clinton said the start of Mr. Karzai's new five-year term represents a "window of opportunity" for Afghan leaders to make a "new compact" with their people.

Obama Calls on N. Korea to Return to Talks

By Paula Wolfson Seoul 19 November 2009

U.S President Barack Obama is calling on North Korea to return to nuclear talks and he is warning of possible new sanctions on Iran. Mr. Obama spoke in Seoul after talks with South Korean President Lee Myung-bak.

The president's day in Seoul began with ceremony - and quickly moved to substance.

Topping the agenda: North Korea's nuclear program.

The American and South Korean presidents called on the North Koreans to return to multilateral negotiations. And, Mr. Obama announced he is sending a senior envoy to Pyongyang for the first time since taking office.

"We will be sending Ambassador Bosworth to North Korea on December 8, to engage in direct talks with the North Koreans," he said.

President Obama says Bosworth will have a defined mission - to get the North Koreans back to the so-called six-party talks.

President Lee indicated patience is running thin.

When asked if he has a time frame for resolving the North Korean issue, he said, "as soon as possible".

The nuclear threat from Iran also came up during President Obama's brief visit to Seoul.

Mr. Obama says he still holds out some hope Iran will eventually agree to send its nuclear fuel to another country for processing. But he admits the chances are not good.

"We have seen indications that, whether it is for internal political reasons or they are stuck in some of their own rhetoric, they have been unable to get to 'yes,'" he said.

The president says the United States and its international partners are already exploring various options that can be taken if Iran says 'no.'

"Our expectation is that, over the next several weeks, we will be developing a package of potential steps that we could take that will indicate our seriousness to Iran," Mr. Obama said.

U.S. President Barack Obama speaks to U.S. troops at a U.S. military airbase in Osan, south of Seoul, 19 Nov 2009

South Korea was the last stop for the president on an Asian tour that also included Japan, Singapore and China.

He ended the journey as it began - with a visit to American troops.

At Osan air base, near Seoul, he reflected on his maiden voyage as president to East Asia.

"At every step of my journey, one truth is clear: the security that allows families to live in peace in Asia and America, the prosperity that allows people to pursue their dreams, the freedoms and liberties that we cherish, they are not accidents of history," he said. "They are the direct results of the work that you do."

The president said he could not end his trip without extending personal thanks to the members of America's armed forces, in South Korea and around the world.

No Cambodian-Thai dispute raised at a meeting with Obama

By Heng Reaksmey, VOA Khmer Original report from Phnom Penh 13 November 2009

Cambodia will not bring up a dispute with its neighboring Thailand in the first meeting of Asean leaders with the US President Barack Obama to be held this Sunday in Singapore, a foreign ministry's official said Friday.

“The first reason is that, this is an Asean’s internal affair, and secondly Cambodia wants this first meeting to proceed with a success,” Koy Kuong, a spokesman for Cambodia’s foreign ministry, said.

The statement was made after the Asean Secretary General Surin Pitsuwan expressed his concern during a lecture at Lee Kwan Yew school of public diplomacy in Singapore that current diplomatic row between Cambodia and Thailand would affect the first Asean-US meeting.

Singapore hosts Asia-Pacific Economic Cooperation Forum (APEC) which President Obama is scheduled to join.

Prime Minister Hun Sen will leave for the meeting this weekend.

Thais Threaten to Close Cambodian Borders

By Heng Reaksmey, VOA Khmer Original report from Phnom Penh 06 November 2009

Thailand’s deputy prime minister on Friday warned the country could close its borders to Cambodia, after each withdrew their ambassadors in a worsening row over ousted Thai premier Thaksin Shinawatra.

Both sides have troops amassed on the border following skirmishes over Preah Vihear temple last year, but military officials said Friday the situation remained calm.

The two countries share seven international checkpoints, as well as 12 others, along 800 kilometers of border.

Thai Deputy Prime Minister Suthep Thaugsuban was quoted Friday saying worsening relations could lead to closed checkpoints, following Cambodia’s announcement it had made Thaksin an economic adviser to Prime Minister Hun Sen.

Thaksin is in self-imposed exile and faces a two-year jail sentence for corruption charges if he returns to Thailand. Hun Sen has said he would welcome the former premier, who was ousted in a bloodless coup in 2006, in spite of an extradition treaty with Thailand.

“If Cambodia still adopts a hard line and uncompromising attitude, then we must continue to downgrade relations and maybe seal off all border checkpoints,” Suthep was quoted by Agence France-Presse as saying.

Government spokesman Khieu Kanharith said he wasn’t surprised by the warning, but he added that Thailand would suffer more from a border closure than Cambodia.

The deepening diplomatic crisis had no bearing on a military standoff along the northern border, officials said Friday.

Defense Minister Tea Banh told VOA Khmer the border situation was “quiet” and “normal,” despite the withdrawal of ambassadors from Bangkok and Phnom Penh.

Chea Mon, commander of Division 4, said Cambodian soldiers were maintaining their positions on the border, which was quiet.

Iran Lawmakers Say Tehran Will Reject UN-Backed Nuclear Deal

By VOA News 07 November 2009

Iranian technicians work at a facility near Isfahan, south of Tehran, that produces uranium fuel for a heavy-water nuclear reactor (File)

Some Iranian lawmakers are saying Iran will reject a U.N.-backed proposal for Iran's uranium to be enriched abroad.

The semi-official ISNA news agency quotes a prominent conservative lawmaker laeddin Boroujerdi saying Iran will not send away any of its 1,200 kilograms of enriched uranium.

France, Russia and the U.S. are urging Iran to trade about 7 percent of its low-enriched uranium for nuclear fuel, which would assuage international fears the stockpile would be used to make a bomb.

Another conservative lawmaker, Hossein Naqvi Hosseini, said Iran could not trust the international promises, therefore it could not accept such an agreement.

He said Iran could buy uranium directly from another country or enrich it themselves.

Russia's president Dmitri Medvedev says if Iran "takes a less constructive stance" in international talks, the possibility of further sanctions could not be excluded.

In an interview with Germany's Der Spiegel magazine, Mr. Medvedev said sanctions usually represent a step in a "dangerous direction." But he said they may be necessary, nonetheless.

The International Atomic Energy Agency says it has not yet heard a formal response to the proposal from Iran.

The U.N. Security Council has hit Iran with three sets of sanctions for its refusal to stop enriching uranium, a process that can be used to make nuclear weapons.

Iran says its atomic program is aimed at generating electricity.

Israel's deputy foreign minister says Israel will attack Iran if it continues on a path of nuclear defiance. Danny Ayalon told Britain's Sky News that Iran has expressed no desire to halt its nuclear program.

He accused Iran of conducting stalling tactics in hopes of "buying time" on its uranium enrichment work.

Israel perceives Iran as its greatest threat in part due to remarks by Iran's president calling for Israel to be "wiped off the map."

Thais Threaten to Close Cambodian Borders

By Heng Reaksmey, VOA Khmer Original report from Phnom Penh 06 November 2009

Thailand’s deputy prime minister on Friday warned the country could close its borders to Cambodia, after each withdrew their ambassadors in a worsening row over ousted Thai premier Thaksin Shinawatra.

Both sides have troops amassed on the border following skirmishes over Preah Vihear temple last year, but military officials said Friday the situation remained calm.

The two countries share seven international checkpoints, as well as 12 others, along 800 kilometers of border.

Thai Deputy Prime Minister Suthep Thaugsuban was quoted Friday saying worsening relations could lead to closed checkpoints, following Cambodia’s announcement it had made Thaksin an economic adviser to Prime Minister Hun Sen.

Thaksin is in self-imposed exile and faces a two-year jail sentence for corruption charges if he returns to Thailand. Hun Sen has said he would welcome the former premier, who was ousted in a bloodless coup in 2006, in spite of an extradition treaty with Thailand.

“If Cambodia still adopts a hard line and uncompromising attitude, then we must continue to downgrade relations and maybe seal off all border checkpoints,” Suthep was quoted by Agence France-Presse as saying.

Government spokesman Khieu Kanharith said he wasn’t surprised by the warning, but he added that Thailand would suffer more from a border closure than Cambodia.

The deepening diplomatic crisis had no bearing on a military standoff along the northern border, officials said Friday.

Defense Minister Tea Banh told VOA Khmer the border situation was “quiet” and “normal,” despite the withdrawal of ambassadors from Bangkok and Phnom Penh.

Chea Mon, commander of Division 4, said Cambodian soldiers were maintaining their positions on the border, which was quiet.

the best forex today

Today’s key events from Europe will be the October HICP and Unemployment Rate. Currently the ECB are resolute that current rates are appropriate and inflation expectations remain ‘firmly anchored’. Consequently any unexpected increase in CPI (-0.1% YoY exp, -0.3% prior) would likely be a catalyst for speculation about a shift in ECB stance and be favourable to EURUSD climbing higher. However, the deflationary pressure of rising unemployment will also be an important factor to consider for the governing council, today’s reading is forecast to show a moderate uptick to 9.7% from 9.6% last month.

the best forex

Yesterday’s better than expected US Q3 GDP has revitalized risk appetite; sending equity markets higher across Europe and the US yesterday, and providing positive momentum through to Asian indices overnight. The 3.5% annualized Q3 figures exceeded forecasts for 3.2%... and indicated the first expansion in the US since Q2 2008. In turn, EURUSD has rallied to test resistance around 1.4860 and gold has rebounded from its lows to settle above $1047. We feel this will continue to fuel risk correlated trades higher until officials indicate a shift in monetary policy stance; something which seems unlikely just yet with the labour market in such a dreadful state and growth having not yet proved itself without the aid of stimulus measures.

Overnight the BoJ voted to keep rates at 0.1% as expected, but they also announced their asset purchase programmes would be allowed to expire in December, a first stage in the withdrawal of stimulus. An unexpected drop in the Jobless Rate to 5.3% (5.6% expected, 5.5% prior) was also a key factor in the JPY strengthening against the USD from 91.60 to 90.80. Nevertheless, inflation figures indicated national CPI running at -2.2% YoY in Sep, which makes it unlikely the BoJ will be any closer to raising rates or tolerating a strong JPY any time soon.

Today’s key events from Europe will be the October HICP and Unemployment Rate. Currently the ECB are resolute that current rates are appropriate and inflation expectations remain ‘firmly anchored’. Consequently any unexpected increase in CPI (-0.1% YoY exp, -0.3% prior) would likely be a catalyst for speculation about a shift in ECB stance and be favourable to EURUSD climbing higher. However, the deflationary pressure of rising unemployment will also be an important factor to consider for the governing council, today’s reading is forecast to show a moderate uptick to 9.7% from 9.6% last month.

The US Session will provide Canadian Q3 GDP along with US PCE price index, Chicago PMI and U.Mich Consumer Confidence. The current mood of the markets will likely result in positive surprises fuelling USD selling, while downside misses (unless extreme) will have limited effect.