LONDON, UK, July 9, 2012 /CNW/ - FxPro Group Ltd (FxPro), a leading
global forex broker announced today a major milestone for its business
with the move to an agency model across all jurisdictions.
FxPro has made transparency the cornerstone of its business model, and
as one of the leading global brokers in the market has campaigned to
encourage this in the wider forex industry.
As retail FX clients have become more sophisticated and experienced,
FxPro believes that the demand for a transparent and trusted execution
model has become the key driver in the industry.
Following on from last year's successful launch of FxPro cTrader (ECN
platform), the full transition from market making to an agency model on
all of FxPro's platforms is the final step in totally aligning its
interests with those of its clients.
Client orders are sent directly to FxPro's global pool of liquidity
providers with spreads from 0 pips on cTrader ECN - with upfront
commissions, and spreads with small mark-ups on MT4 - with no
commissions. The execution model is seamless and FxPro's clients can
trade with the confidence that their broker is working with them and
for them at all times.
FxPro which has over 15,000 clients in more than 150 countries is
authorised and regulated by the Financial Services Authority (FSA), the
Cyprus Securities and Exchange Commission (CySEC) - operating under the
EU Markets in Financial Instruments Directive (MiFID) - and the
Australian Securities and Investment Commission (ASIC).
Charalambos Psimolophitis, CEO of FxPro commented: "I believe today is
the most important day in the history of FxPro. After years of
promoting transparency and integrity, we have now managed to totally
align our interests with the interests of our clients. The new model
does away with any potential conflict of interest between FxPro and our
clients. Our efforts will now be concentrated on educating our clients
and assisting them in becoming better traders. We have complemented "No
Dealing Desk Intervention" with "No Conflict" in the truest sense of
the term, something that is paramount in order to be truly transparent
and client centric in everything we do. We want to encourage other
brokers to follow this path and align their interests with those of
their clients - because this would make a good industry great."
SOURCE FxPro Financial Services Ltd (FxPro)
For further information:
Head of PR and Communications
Tel: + 44(0)207-776-9721