19 March 2013, Limassol: FxPro Financial Services Ltd (FxPro), a leading global broker in FX, today reiterates its long-standing commitment to the security and safety of client funds. As a result of measures taken over the past two years, FxPro has positioned itself as the preferred FX broker for ensuring the highest possible levels of reassurance for clients and their funds.
More than 2 years ago, FxPro took the decision to only use global banks of investment grade standing for segregated client accounts (currently Barclays UK and Credit Suisse Monaco) and to keep these banks under constant review. The strength and track-record of FxPro in the forex industry enabled this step to be taken.
Furthermore, in 2012, FxPro expanded its scope of permissions with the FCA in the UK, to allow the holding of client funds within its separate UK entity. Where possible, this has given clients the choice where to open their trading account and also in which bank they wish to deposit their funds.
Charalambos Psimolophitis, CEO of FxPro commented:
“For a long time, we have recognised the need to offer clients the highest levels of reassurance and protection for their funds. We remain confident that the measures we have taken put FxPro at the forefront of the global forex industry in placing the security of client funds at the core of our business”