FxPro

 ( Official Website ) 

FxPro is a London-based global online brokerage that provides contracts for difference (CFDs) in foreign exchange, stocks, Futures contract, exchange-traded funds (ETFs), Cryptocurrency, and precious metals. It has offices in London, United Kingdom, Cyprus UAE and The Bahamas, and is regulated by several regulatory authorities. FxPro serves over two million active retail and institutional client accounts in more than 170 countries.

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History FxPro was founded in 2002 as a foreign exchange broker EuroOrient Securities & Financial Services Ltd in Cyprus. In 2010, FxPro was granted regulation and licensing by the UK Financial Conduct Authority (Financial Services Authority at the time) and opened its London office.

The company opened an office in Australia in 2011, but had to close it in March 2013 after new capital regulations came into force in Australia. The acquired clients were transferred to Cyprus and UK jurisdiction.

In 2013, FxPro launched the Super Trader platform, which specializes in social trading. At the time of its launch, Super Trader featured about 200 forex traders, whose positions could be copied by other FxPro traders. Traders are picked and vetted by FxPro, based on factors such as their trading techniques, how profitable they have been, and how risky their trades were.

FxPro began its initial public offering (IPO) in 2015. However, one year later, in 2016, the company postponed its plans due to turmoil in global markets. In spring 2017, the plans were postponed again due to the new tough FCA measures.

In September 2021, FxPro invested $12 million in a new regional headquarters in The Bahamas. The office building will also house a new digital bank, BankPro.

In April 2022, FxPro opened an office in Dubai to support customers in the MENA region.

FxPro account types include MT4, MT5, cTrader, and FxPro Edge.

In June 2023, FxPro introduced cryptocurrency trading to its cTrader accounts. Some of the tokens currently supported on the platform are Bitcoin, Ethereum, and Ripple.

The company also grew its cash reserves from £2.6 million in 2022 to £3.6 million in 2023, expanding the total assets excluding liabilities by 4%.

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Regulations FxPro UK Limited, a wholly owned subsidiary of FxPro Group Ltd, is licensed and fully regulated by the Financial Conduct Authority in the United Kingdom. FxPro UK Limited formerly traded as an introducer for its parent company and did not provide brokerage services or hold client funds until June 2012, when the company updated its FCA license to accept UK clients.

FxPro Financial Services Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

In 2015, FxPro received approval from the South African Financial Services Board (FSB).

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Sponsorships

In June 2010, the company announced a sponsorship agreement with Premier League football clubs Fulham and Aston Villa.

FxPro entered a multi-year partnership with McLaren in 2018.

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External links

Categories: Official Website, Financial Services Companies Based In London, Financial Services Companies Established In 2002, Financial Services Companies Of The United Kingdom, Investment Management Companies Of The United Kingdom, Online Brokerages, Online Financial Services Companies Of The United Kingdom

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