Trading with MPT
Why trade currencies?
There are a number of reasons to trade currencies. It represents a unique investment and speculative opportunity. And this is important - the currency market removes the traditional barriers that exist in other markets. This business is open day and night, which means that you can make a trade at absolutely the right time without having to wait for the shop to open its doors.
When is the market open?
Since currencies are traded worldwide, the market operates 24 hours a day from Sunday night to Friday night anywhere in the world. This means that a currency trader can basically choose his or her own hours to trade.
How long can I demo trade for free?
As long as you like! As long as there is activity on your demo account every month, you can keep it for life - also once you have become an Agent.
Why do you have a 5-pip spread?
For two reasons; first of all because we do not move the currency rate against you when you have placed a trade, like most other companies do, we call that cheating. You will in fact end up paying a far higher spread that way. Secondly, it is from the spread that we pay out commission and as an Agent this is how you can make more money. See also Will I make money in my sleep?
Why is there sometimes a difference in the currency rate between MPT and others?
Our software continuously streams real-time prices to our clients via our trading platform. It monitors the markets and performs 600 calculations every 20 milliseconds to make sure we present the correct price to you at all times.
Other brokers or feed providers may have other ways of presenting a rate, which is why you will sometimes see a difference of a few pips between brokers.
What is the Overnight Fee?
All positions kept overnight are subject to a maintenance fee equal to one Pip Value on open trades. This fee is added to applicable trades at 22:00 UTC (GMT). If you don't have any open trades at this time, there is no fee.
The Overnight Fee reflects our costs in keeping trades open overnight on the international Interbank Market.
When applicable, the overnight fee shows in the Prm (Premium) column.
What is a Swap?
During the hours when the forex market is closed every weekend, all open trades will be closed and reopened as new trades. This means that all open Profit or Loss will be transferred from “Open Profit” to your “Balance” once a week, during the weekend.
The new open trades therefore will not have any open profit or loss at the time of market opening on Sunday evenings.
What is the ‘High Risk Reward’?
In online currency trading it is possible to earn a lot of money in a matter of minutes or hours. But beware; there is also a risk of losing. When you are able to understand how to manage the high risk that is involved in currency trading, the reward is an enormous profit potential. It is not uncommon to double an investment in a single week when experience is put to work the right way.
Working as an Agent
How can I get started as an Agent?
The first thing to do is to sign up! When you have signed up as an Agent, other Agents in your network will be in touch to give you all the help and advice you will need. Be sure to log into the MPT website’s Promote MPT area too for your agent business pack, and don’t forget to use your dedicated MPT website and email addresses to promote MPT to your friends, colleagues and associates.
How much does it cost to get my own agent franchise?
MPT is sometimes referred to as a franchise. When you become an Agent, you get your own MPT website and email address, and a whole host of training in networking and trading. To become an Agent, you need to fund your account with at least €200 so we can create these materials for you. From your €200, you will have €120 left to trade on your MPT account, and this sum will grow as you refer more and more active Agents.
Will I make money in my sleep?
Yes, you will! When people in your down-line trade, you get your commission in real time. It doesn`t matter if you are asleep or even on vacation. The commission will keep coming in.
Can I trade and network part time, or is it full time?
Your success in the MPT community is really determined by the amount of time and energy you put into it. To network effectively, again follow the advice we give you. Selling is about people liking you, trusting you, being in contact with you and you asking for the deal. If you can achieve these things, the amount of time you spend on MPT activities should have a direct impact on the amount of money you feel bursting out of your pockets!
How do I sell the MPT concept to people I know?
When you become an Agent, your Agent will be your mentor in bringing the MPT concept to your network.
Funding and Withdrawal
How does payment with credit card work?
When you want to add funds to your MPT account, you will first be asked to verify your account number and password. Then you are taken to a page hosted by our payment handling provider, DIBS, where you will add your Mastercard or Visa card details and confirm payment. We then confirm your transaction by email and your funds are ready to trade instantly, provided all data provided is correct and there are no breakdowns in internet communication. On your credit card statement, your funding will appear as Williams Corporation or Simray AS. Simray AS, a Norwegian company, is the nominated transaction processing partner of your trading counterparty Williams Corporation Ltd. (Williams Corporation). Be aware that Williams Corporation is not responsible for any delays you experience in funding your account, so if you are concerned about having enough money to trade or to keep a trade open, be sure to fund your account well in advance of needing it!
Use of another person’s credit card for account funding is against our terms and conditions, and is expressly forbidden. We take this position firstly due to anti money-laundering regulations, and secondly to protect your interests and those in your network. Good money management, transparency and trust are vital in our business, and we must all ensure we work according to best industry practices.
Can someone else transfer money to my account?
Please see can I use another person’s credit card, above.
How much does it cost to make a withdrawal?
Even though we have costs to cover when you fund your account and make withdrawals, we do not pass this charge to you. It’s much easier if you know what you have, and you get what you expect from us. As long as you use the withdrawal facility responsibly, you will not be charged by us for making payments to your credit card or bank account. Your bank or card issuer may impose charges, but we have no control over that.
How do you transfer money to me?
As a general rule, we will transfer money back to the credit card you use to fund your account. This is the fastest, simplest and cheapest way of transfer. You will get more information about this when you request a withdrawal.
In some cases, mostly when you wish to withdraw more money than you have put in by credit card, we need to send that money back to a bank account in the same name as that used to fund your account – either by credit card or by bank transfer.
How fast do I get my money when I make a withdrawal?
Usually, bank transfers and payments back to your credit card account take 3-5 working days to show up in your balance.
Technical Issues
How can I download the trading platform?
Just follow this link to Download the Trading Platform, and follow the instructions. It takes only a few minutes.
How can I watch or participate in a webinar?
When you sign up to attend an MPT webinar, you will be given links to download the relevant software and you will also receive a session number to enter when you log in. Apart from that, it’s best if you have a webcam so others can see you (if you wish!). Our webinars also support Voice Over IP (VOIP), so you can speak to the entire group at no charge if the session moderator gives you that right. If you want to speak the group, we strongly recommend you use a headset with microphone, so there’s no nasty squealing noise caused by feedback between your speakers and microphone. This can be really unpleasant for others in the session!
I use a Mac. Can I trade with MPT?
No! Currently our trading platform cannot be installed on Macintosh computers.
Will it work with all versions of Microsoft Windows?
Yes it will, but some users may experience difficulties installing and starting or connecting to our platform while running Windows Vista Home Basic, Home Premium, Business, Ultimate or Enterprise editions.
If you experience this problem, disable something called User Account Control, which is to be found at Control Panel, and then User Accounts. If you cannot see User Accounts when you go to control panel, click Classic View and it will appear.
In User Account, there's an option to turn User Account Control on or off. Click here and choose to turn it off. Reboot your computer, and our platform should run without any problems. If you experience any other problems, contact us..
On Windows 7 computers, the trading platform is best experienced when display settings are set to 100% zoom with resolution of 96 DPI.
I forgot my password. How do I retrieve it?
Click here. When you enter your email address, you will be asked if you want your account details sent to you. We will send your details by email.
Safety of Money
Who manages my money?
My Private Trade (MPT) is a brand of Williams Corporation. When you trade with MPT, your trades are being process and guaranteed by Williams Corporation. Williams Corporation has entered into an agreement with Simray AS, a Norwegian company, which previously fulfilled the role that Williams Corporation has today. On behalf of Williams Corporation, Simray AS now handles back office functions such as account funding and withdrawals for MPT’s customers. All claims regarding liability will, however, remain with Williams Corporation.
What is the Interbank market?
The larger and more creditworthy an institution is, the better its access to other market participants is. When you trade with MPT, Williams Corporation and its partners have the ability to limit their financial risk through transactions in the interbank market with the banks with which they have a close cooperative relationship.
Where is my money kept?
Client funds are maintained in separate accounts with Union Bank of Norway, the largest bank in Scandinavia. In addition, we maintain reserve capital with the banks in excess of minimum requirements for currency brokerage houses.
Miscellaneous
How do I get help if I need it?
If you need help, you can find some useful contact details here. Our staff and Agents are dedicated to making your experience with MPT enjoyable, reliable and profitable.
Is this a pyramid scheme? Is it legal?
MPT is not a pyramid scheme.
There is a big difference between network marketing and pyramid schemes. MPT is a network marketing company, which means we rely on you and your network to bring in new clients and revenues, rather than doing it all ourselves.
When you become an Agent, you pay a fee. This covers our set up costs for your materials, such as your MPT website and email address. This has a clear benefit of giving you a greater chance of being a successful networker.
Pyramid schemes are very different. In most cases, there is no real benefit to the new member in paying money. There is no product or service being created, it’s just moving money from one person to the next – and the new member is the loser until he/she finds others to extract money from. With MPT, everyone can make money regardless of them bringing in new members.
How Much Can I Make?
There is little to limit your money-making potential with MPT. You can trade for profit and you can network for profit. We pay you commission when you bring active Agents into your network, and we really want you to be successful. Calculate some examples of how much you can make with our Commission Calculator.
How Much Can I Lose? What is the Risk?
With MPT, you can never lose more than you have in your MPT account. That amount is based on what you put into your account and what you make in commission from trading activity in your network. So, let’s say you fund your account with €500 and your trades go wrong. You can lose €500, and no more. Say you fund your account with €500 and your network generates commission of €900 in a month, that gives you €1,400 in your account. Again, if your trades don’t work, you can lose up to €1,400.