Osiris FX Ltd is a BVI-Registered Corporation offering the flexibility of an Offshore solution with the security of having funds held on deposit with a UK Onshore FSA Regulated Clearing House.

Offering a full range of class-leading trading platforms and a direct market access business model, Osiris FX also boasts an impressive roster of experienced FX Trading Professionals for those institutions or HNW individuals who prefer their accounts to be traded on their behalf. Our traders have many years collective experience in Institutional FX Trading going back to the “open-outcry” trading days, and we cover a range of strategies from conservative to aggressive, manual to algorithmic.

Our newly launched Forex Funds, will allow us to offer our clients a formal structured entry into Managed FX Trading with independent Administration, Auditing and Financial Management. Please contact us for further information.

Osiris FX is the solution to a series of problems we all face as Currency Traders. Let’s examine them one by one and look at how the unique blend of talents here at Osiris combines to deliver the best Forex trading solution available.

Dealing Desks.

Did you know that most brokers feature a dealing desk, where traders are employed to trade AGAINST the broker’s clients? Imagine that…as if it isn’t hard enough trading the most volatile market in the world, to get to it you also have to beat the broker’s own trading team, whose job it is to try to help you lose your money so they can profit by being on the other side of your losing trade.

The Osiris Way: We maintain NO dealing desk and do not get involved in your transactions whatsoever. We operate a Straight-Through-Processing model to give our traders Direct Market Access to “live” and real-time executable bank pricing. No-one is in the way between you and the bid/ask of the banks contributing to the feed.

Therefore, by not maintaining a dealing desk, but taking a small compensation from the spread, it is in our interests for all our traders to be successful so they keep on trading with us! How refreshing is that?

(by the way we know of at least one huge retail brokerage that claims not to have a dealing desk but was recently recruiting traders, in their own words “to trade against our clients” !!).

Spreads.

Most retail brokers quote fixed spreads. How can they do that when the market just doesn’t work that way? Quite simply they straddle the market with an automated spread-widening facility so whatever the actual spread you’re paying more at all times. The market doesn’t operate on a fixed spread, the market presents best bid and ask prices from liquidity providers, and that can never result in a fixed gap between the two. It can be more convenient, especially during News releases when the actual market spread can be considerably wider, but a dealer can only maintain a fixed spread of say 3 pips wide in these circumstances because he knows many of his traders are going to lose when the market reacts to data, offsetting the wider spread and subsidising the profits of winners.

Furthermore, when you are trading on a tight fixed spread, some brokers use an algorithmic price shifting system so although it LOOKS as though you are getting, for example, a fixed 1.8 pips wide, in actual fact the system reads your trade and then lags the market slightly by a pip or so, thereby guaranteeing the broker a wider spread when the trade is closed, because he’s closing a pip further out than you have.

The Osiris Way: We’re all adults and we don’t need our hands holding. This is not a game, it’s a market for traders, and a trader can work on whatever the prevailing rates are. With this in mind out STP model delivers live pricing direct from the markets to your platform. When busy, we sometimes see EUR/USD inverted, providing a negative spread. Conversely, just prior to NFP releases, the spreads can widen markedly, BUT this has nothing to do with anyone manipulating the prices, it is precisely how the market works, and so the prices you see are the best prices available in the market at that time. To give you an idea, the average spread in EUR/USD on the Osiris platform is usually around 1.4 – 1.8 pips, sometimes better, sometimes wider, but REAL and not manipulated in any way.

Slippage

Slippage is an occupational hazard in a STP environment. From time to time, especially on market orders and STOP orders in busy conditions, it is going to be difficult to absolutely nail the price you need 5 decimal places deep. One reason for this is the time it takes for an order to be transmitted from your terminal to the clearing server, and even fractions of a second can make a difference to the price at which a market order is filled. However, on straight market orders this means you should expect positive slippage in your favour, as well as negative slippage, and the two should even out over time. Slippage on STOPS is quite common and will more often than not cause minor negative slippage because it’s usually a strong move through the stop price that triggers the trade.

This is all very well, and one or two tenths of a pip from time to time is no big deal, but dealing-desk or “B-Book” brokers often have automated slippage inbuilt into their pricing algorithms, creating an extra slice carved out of the spread in the broker’s favour. Once again this is price manipulation that the average trader just wouldn’t see.

Osiris FX opens a window to the FX markets and you will compete in a genuine interbank market. Can we guarantee no slippage? No, and no-one can if they are being totally honest, but what we can guarantee is lightning-fast execution and a streamlined process that gets you filled at the best possible price every time. Open, honest and transparent, this is the real market for real traders.

Osiris FX Ltd provides a safe, secure environment in which to trade. We are constantly striving to improve the situation for our traders, and we are in discussions with several leading service providers to provide further resources to help our traders become ever more successful. Scalpers, EAs, Robots, or just good old-fashioned positional traders, are all welcome. Thank you.