FxPro Group Announces Move to Agency Model, a No Conflict Model

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 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."

About FxPro

FxPro Financial Services Limited is an award-winning and rapidly expanding industry leader in the fast growing FX market. Serving clients from more than 140 countries with advanced trading facilities and outstanding levels of customer support 24 hours a day, 5 days a week, they aspire to be the first choice for clients by investing in their people, innovation and technology, by providing the best option for new traders and by being the leading provider of FX solutions, enabling customers to trade their way to success. With a popular range of trading platforms and a well-regarded global brand, FxPro has emerged as a first choice for clients seeking user-friendly market access through a highly customisable superior trading infrastructure.

FxPro is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID) having a presence in the UK, Russia and Cyprus.