Ausprime.eu briefly
Ausprime is a trade name of LTtrader Limited, which is registered as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities and Exchange Commission (CySEC). Ausprime is a leading brokerage firm offering multi-asset liquidity and trading solutions to investment firms, professional traders and other institutional clients, the company explains. Ausprime offers more than 100 assets for online trading including currency pairs, indices, and commodities. Institutional clients can use the company’s trading user interface.
Regulation
One of the most important things about the company is its regulation. Ausprime is a trade name of LTtrader Limited, a Cyprus Investment Firm (ICF), which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 350/17.
LTTrader Limited is governed by all applicable EU and local regulations, including the European Markets in Financial Instruments Directive (MiFID II). The license allows the company to provide investment services such as reception, transmission, and execution of orders on behalf of clients.
Services
The company is oriented exclusively to professional and institutional clients, providing them with the appropriate services. Retail clients cannot open accounts here.
Liquidity Solutions – The company’s goal is to help customers retain capital, maintain liquidity, and generate competitive returns while managing risk. Ausprime provides the ultimate trading solutions combined with high-speed execution and ultra-low latency. The company provides access to over 100 instruments including currency pairs, precious metals, indices, and commodities.
FIX API Integration – Financial Information Exchange (FIX) protocol is a messaging standard developed especially for the real-time electronic exchange of global trading transactions. Since its launch in 1992, the FIX protocol has contributed to the speed and efficiency of the digital marketplace. FIX API gives clients access to multiple liquidity provider data streams. Ausprime FIX gateway manages order flow and access price feeds. Communicating directly using FIX will minimize the latency and allow clients to send and receive data much quicker which makes it ideal for time-critical systems.
Trading User Interface – The Ausprime User Interface allows fast order execution, position management and advanced reporting set. It delivers deep liquidity and single-click execution and confirmation. User Interface is fully customizable, with multiple layouts, clean design and is ready to be integrated.
How Ausprime Executes Orders
The Order Execution Policy document shows that for the purposes of orders for the financial instrument provided by Ausprime, the company acts as principal and not as agent on the client’s behalf; therefore, Ausprime is the sole execution venue for the execution of the client’s orders. The company is always the counterparty (or principal) to every trade. Although Ausprime claims to use a pure 100% Straight Through Processing (STP) execution model, the documents show that the company is a market maker. Market makers usually make their money from the spreads that are embedded in the price of the instrument and the traded volume. However, under the market maker model of order fulfillment, each trade creates a direct financial exposure for the provider, which may or may not be hedged with a counterparty. Market makers make additional money from the client losses as well,and the conflict of interest exists.
The same file reveals that all orders are subject to slippage and the customer’s order can be executed close to or several pips away from the client’s requested price. Once the price set in the stop loss orders has been reached, they are triggered and will be executed as market orders – with slippage. Therefore, stop loss orders are not guaranteed and will be filled at the first available market price.
The company offers its services to professional and institutional clients only. The company is not required to offer professional clients negative balance protection and therefore should your account fall into a negative balance, you are obliged to make additional payments – meaning you may incur losses exceeding your deposits.
Clients
Professional Traders – To be qualified as a professional trader, you must meet at least two of the company’s three requirements:
The leverage limits for professional clients are:
As we already mentioned, professional clients are not covered by the negative balance protection and your losses may exceed your deposits. In addition, the company is not obliged to provide them with any standardized risk warnings.
Institutional Traders – All institutional clients will receive high-speed services using the Financial Information Exchange (FIX) protocol is a messaging standard developed especially for the real-time electronic exchange of global trading transactions. In addition to competitive spreads and low latency, the company offers full trade transparency.
Assets
Forex – There are more than 70 major, minor, and exotic currency pairs. The minimum spread for the EUR/USD pair depends on account type and is 0.7-2.2 pips. Trading is commission free.
Indices – There are CFDs on 17 global indices, such as DAX30, NASDAQ100, S&P500, etc.
Commodities – 3 precious metals (Gold, Silver and Palladium) 3 energy products and (US Oil, Brent Oil and Natural Gas), and 7 agricultural products are available for trading.
Summary
Ausprime (LTtrader Limited) is a brokerage firm regulated by the CySEC that claims to use a pure STP execution, but the legal documents show that it usually acts as a market maker, so a conflict of interest exists. The company provides its services only to professional and institutional clients, which can trade currency pairs, indices, and commodities. Services include FIX API and company’s User Interface. The company does not provide Negative Balance Protection.
