FxPro

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FxPro

logo
legal form Private company
founding 2006
Seat London , UK
management Charalambos Psimolophitis ( CEO )
Denis Sukhotin ( Chairman )
Number of employees 170+
Website http://www.fxpro.de

FxPro is a London-based European online broker that provides differential amount contracts (CFD) on foreign exchange, stocks, futures and precious metals primarily to private customers. FxPro has offices in London and Cyprus and is regulated by a number of regulators. FxPro has tens of thousands of customers in the UK.

history

FxPro was founded in 2006 as Financial Markets of EuroOrient Securities & Financial Services Ltd in Cyprus by Denis Sukhotin. FxPro began its expansion with the opening of representative offices in Austria, France, Spain and Russia. In 2010, FxPro was granted regulation and licensing by the UK's Financial Conduct Authority (Financial Services Authority at that time) and opened its London office.

In 2010 the broker was named Forex Provider of the Year "at the Financial Times Investors Chronicle Investment Awards 2010 (FT / IC Investment Awards). In 2011 the company opened an office in Australia, but it closed and moved in March 2013 these clients to Cyprus and UK operations after new capital rules came into effect in Australia.

In 2015, FxPro went public (IPO). But a year later, in 2016, the company decided to postpone its plans because of the turmoil in world markets.

In the spring of 2017, the plans were postponed again on the background of the new hard measures FCA.

Sponsorships

Fulham FC players with the company's initials, 2012

In June 2010 the company announced a sponsorship agreement with the football club " Fulham FC ". since three years. In the same month, FxPro signed a sponsorship deal with Aston Villa football club for three years. In mid-2018, a multi-year partnership with the McLaren F1 Team was announced. The McLaren MCL33 , used in 2018, will bear the branding from the 2018 Monaco Grand Prix .

Commercial facilities

The company offers traders a choice between the MetaTrader 4 and cTrader trading platforms. Customers using MetaQuotes Software's MT4 platform also have the option of a web-based alternative and multiple mobile trading versions. The company's cTrader platform Spotware offers ECN traders a higher price tier and a volume-weighted average price (VWAP). CTrader is compatible with cAlgo, an algorithmic trading platform that allows clients to create trading robots and run them in cTrader to fully automate the trading process.

The company has been dealing with algorithmic trading for retail since 2013. It launched Quant, a web-based strategy building solution for the MT4 platform that allows users to create their own trading robots (called expert advisers) with a drag and drop interface or download them from the company's EA library. Quant, unlike cAlgo, which requires knowledge of C #, allows users to create automated strategies using technical indicators and logical operators without prior coding knowledge.

In October 2013, FxPro launched its proprietary investment platform, FxPro SuperTrader, which gives retail or institutional investors the ability to allocate funds for a range of rigorously audited and performance-based FX trading strategies.

In March 2015, the company announced support for the MetaTrader 5 platform.

Regulations

FxPro UK Limited, a wholly owned subsidiary of FxPro Group Ltd, is licensed and fully regulated in the UK by the Financial Conduct Authority. FxPro UK Limited previously acted as an importer 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 allow it to accept UK customers.

FxPro Financial Services Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The EU Directive on Markets in Financial Instruments in Financial Instruments (MiFID) came into force in 2007. This enables companies to be regulated in Cyprus to provide investment services anywhere in the European Union.

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

Web links

Individual evidence

  1. ↑ Company Overview of FxPro Group Limited . Bloomberg .
  2. ↑ a b Introduction of the FxPro micro lots account reduces risk in forex trading . Finanz.net . May 15, 2014. Retrieved May 27, 2017.
  3. ↑ a b FXPRO Financial Services Ltd . CySEC .
  4. ↑ a b c 509956 - FXPRO UK Limited . FCA .
  5. ↑ FxPro shelves IPO amid FCA crackdown (finextra.com from January 4, 2017, accessed June 8, 2017, English)
  6. ↑ FxPro approaches City firms as IPO plan takes shape . Evening Standard . December 4, 2015. Retrieved May 27, 2017.
  7. ↑ Investors Chronicle: Investment Awards 2010 Winners
  8. ↑ FXPro Launches Australia office ( en ) Finance Magnates . November 16, 2011. Retrieved May 27, 2017.
  9. ↑ FxPro Shuts Down Australian Office (Updated) ( en ) Finance Magnates. March 3, 2013. Retrieved May 27, 2017.
  10. ↑ FxPro Group May Hold London IPO as Soon as Next Year, CEO Says . Bloomberg News . June 1, 2015. Archived from the original on September 23, 2016. Retrieved June 6, 2017.
  11. ↑ FxPro approaches City firms as IPO plan takes shape . London Evening Standard . December 4, 2015. Accessed June 6, 2017.
  12. ↑ FXPro holds off flotation plan on market chaos . The Daily Telegraph . February 13, 2016. Retrieved June 6, 2017.
  13. ↑ Currency trading firm FxPro shelves float as FCA crackdown looms . Sky News . January 4, 2017. Retrieved June 6, 2017.
  14. ↑ Currency trading firm shelves IPO plans, citing FCA spread betting crackdown . City AM . January 4, 2017. Retrieved June 6, 2017.
  15. ↑ Currency trading firm FxPro shelves plans to float on stock market in London . Belfast Telegraph . January 4, 2017. Retrieved June 6, 2017.
  16. ↑ LG Replaced by FxPro as main sponsor of Fulham FC . Campaign (magazine) . June 28, 2010. Retrieved June 6, 2017.
  17. ↑ Fulham Team Up With FxPro . Fulham FC . June 25, 2010. Retrieved June 6, 2017.
  18. ^ Villans sign biggest sponsorship deal . The Independent . June 10, 2010. Retrieved June 6, 2017.
  19. ↑ FxPro and McLaren F1 ™ Team Announce Partnership Agreement. Retrieved September 15, 2018 .
  20. ↑ a b Les plateformes de trading du broker forex FxPro ( fr ) La Tribune (France) . June 1, 2015. Retrieved May 27, 2017.
  21. ↑ FxPro Officially Goes Live with MetaTrader 5 Offering ( en ) Finance Magnates. Retrieved May 27, 2017.
  22. ↑ FxPro launches FxPro UK under FSA license . Finance Magnates. Retrieved May 27, 2017.
  23. ↑ FxPro Receives South African regulation from the Financial Services Board . Finance Magnates. Retrieved May 27, 2017.