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

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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

Ajouté le : 15 juillet 2012
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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: j.marshall@fxpro.com
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