Tier1FX commissions KPMG

Tier1FX, the STP-DMA agency model broker has engaged KPMG in Malta to review its offering in FX and CFDs.

First Published by e-Forex News: July, 2016

Tier1FX, the STP-DMA agency model broker has engaged  KPMG in Malta to review its offering in FX and CFDs. Having examined its trading execution system and tested a representative sample of transactions in 2015, the resultant report has confirmed that these trades were executed on a Straight-Through-Processing (STP) basis. Tier1FX STP accounts are designed for clients seeking Direct Market Access (DMA) by trading on best in class liquidity sources from top tier banks. Commenting on the announcement, Albert Galera, COO at Tier1FX, said: “We are, as far as we know, the first broker to undertake an external review of its trading execution process. At Tier1FX, every single order is directly Straight-Through-Processed to our top FX banks’ liquidity pool, with no intervention.”