FxPro Group Announces Move to Agency Model - A No Conflict Model

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• Publié par: fxpro-financial-services-ltd-fxpro
• Nombre de lectures: 28
• Langue: English

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FxPro Group Announces Move to Agency

Model - A No Conflict Model

PR Newswire

LONDON, July 9, 2012

LONDON

,

July 9, 2012

/PRNewswire/ --

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.

FxPro has made transparency the cornerstone of its business model, and as

one of the leading global brokers in the market has campaigned to encourage

this in the wider forex industry.

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 Services Authority (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."

For more information visit http://www.fxpro.com

James Marshall

Head of PR and Communications

FxPro

Tel: + 44(0)207-776-9721

Email: [e-mail]