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.
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 Conduct Authority (previously 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.”
FxPro es un bróker online ampliamente premiado, que proporciona servicios a clientes minoristas e institucionales en más de 170 países. FxPro proporciona acceso a unos precios competitivos y una liquidez profunda sin intervención de una mesa de cambio (sujeto a la Política de ejecución de órdenes de FxPro) a través de sus plataformas bursátiles avanzadas, a las tecnologías superiores de ejecución y las herramientas algorítmicas.
FxPro Group Limited es el grupo empresarial de FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets MENA Limited y FxPro Global Markets Limited.
FxPro Group Limited es el grupo empresarial de FxPro UK Limited, FxPro Financial Services Ltd, FxPro Global Markets MENA Limited, and FxPro Global Markets Ltd. FxPro UK Limited está autorizada y regulada por la Autoridad de Conducta Financiera (nº de registro 509956). FxPro Financial Services Ltd está autorizada y regulada por la Comisión de Valores y Cambio de Chipre (Licencia nº 078/07) y por el Consejo de Servicios Financieros (Autorización nº 45052). FxPro Global Markets MENA Limited está autorizada y regulada por la Autoridad de Servicios Financieros de Dubái (Referencia Nº F003333). FxPro Global Markets Ltd está autorizada y regulada por la Comisión de Valores de las Bahamas (Licencia nº SIA-F184).