SYDNEY, Nov. 16, 2011 /CNW/ - FxPro Financial Services Ltd (FxPro), a
leading global forex broker today announced the launch of its
Australian business - FxPro Australia Pty Ltd (FxPro Australia).
FxPro Australia's Sydney office will also serve as the base for the
expansion of FxPro's Asia operations - with Asian clients currently
accounting for 49% of its trading volumes.
FxPro has achieved substantial success since its launch in 2006, and it
has gone from strength to strength over the past 12 months. Volumes
traded on its online platform were $589 billion in the first half of
2011 and it is on track to have another record year.
The award-winning provider of online forex trading services to both
retail and institutional clients in more than 150 countries has offices
in London, Vienna, Moscow, Madrid, Nice and Limassol. The launching of
an Australian business was the logical next step in expanding the forex
broker's global footprint.
Forex trading has become increasingly popular with Australian investors
as an effective way to hedge their portfolios at a time of global
economic uncertainty - as returns are non-correlated to traditional
investments like property and shares. In addition the forex market is
the most liquid in the world with average trading volumes estimated at
US$4 trillion by the Bank of International Settlement (BIS) - and is
open 24 hours a day.
Denis Sukhotin, Founder of FxPro, commented: "Australia is a key market
for FxPro, and we are committed to developing the strength of our
operations in the region. The Australian Dollar is one of the most
popularly traded currencies on our platform at a time when both
investors and traders are troubled by developments in both Europe and
North America. Our Sydney office will also serve as the base for the
expansion of our operations in Asia."
Mark Bringans, Managing Director, FxPro Australia, commented: "FxPro has
already seen significant interest from Australian based traders wanting
to access our full range of web based, desktop and mobile trading
platforms. We offer fast and easy access to the 60 most widely traded
currency pairs and all the most popular soft and hard commodities. Our
clients can choose from the popular MT4 platform or FxPro cTrader - the
ECN (Electronic Communication Network) solution launched in April this
FxPro Australia Pty Ltd (ABN 68 143 740 603) is authorised and regulated
by the Australian Securities and Investment Commission (ASIC), to deal
and give advice in relation to foreign exchange contracts and
derivatives. This licence can be viewed by following this link to the
ASIC website: (AFS Licence number 405750).
The platform can be accessed at: http://www.fxpro.com.au
FxPro is an award-winning forex broker providing retail and
institutional offerings to clients in 150 countries. FxPro offers
trading access through a range of platforms including the innovative
ECN platform - FxPro cTrader - supported by industry-leading market
news and outstanding levels of customer support 24 hours a day.
FxPro's goal is to be the world's preferred forex broker and it has
become the first choice for forex traders needing user-friendly market
access and superior trading infrastructure.
With offices in the United Kingdom, Austria, Cyprus, France, Russia and
Spain, FxPro Financial Services Limited is authorised and regulated by
the Cyprus Securities and Exchange Commission, under licence number
078/07, and operates under the EU Markets in Financial Instruments
In Australia, FxPro Australia Pty Ltd (ABN 68 143 740 603) is authorised
and regulated by the Australian Securities and Investment Commission
(ASIC), license number 405750. Registered address Suite 306, 15 Lime
Street, Sydney NSW 2000.
FxPro UK Limited is authorised and regulated in the United Kingdom by
the Financial Services Authority (FSA), registration number 509956.
Registered address 13/14 Basinghall Street, London, EC2V 5BQ.
For further information, please visit http://www.fxpro.com.
For further information:
Notes to Media
For further information, please contact:
Head of PR and Communications
FxPro Tel: +44(0)207-776-9721