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FxPro

FxPro Group Ltd is an investment company headquartered in the United Kingdom.[2] The company provides CFD trading in currencies[3], stock, futures[4], energy and precious metals to retail and institutional clients.[5]

FxPro
Formerly
EuroOrient Securities & Financial Services Ltd[1]
(by February 9, 2010)
Private
IndustryFinancial services
Founded2006
FounderDenis Sukhotin
HeadquartersUnited Kingdom,
London
Key people
Denis Sukhotin
(CEO)
ProductsForex trading, precious metals trading, CFDs, futures, stock trading
Number of employees
200+ (2023)
Websitewww.fxpro.com

History

The company was founded as EuroOrient Securities & Financial Services Ltd in 2006 in Cyprus by Denis Sukhotin.[1] Representative offices were opened in Austria, France, Spain and Russia.[6] In 2010, the company was licensed by the UK Financial Services Authority (FCA) and is opening an office in London. In the same year 2010, the company was honored with the Forex Provider of the Year award in the Financial Times Investors Chronicle Investment Awards 2010.[7]

In September 2010, the company announced plans to float shares on the Alternative Investment Marketplace.[8][9][10] In 2011, the company opened an office in Australia, but after new capital regulations in Australia came into force, it closed it in March 2013 and moved client services to its offices in Cyprus and the UK.[11][12]

In 2012, FxPro renewed its FCA license in the name of FxPro UK Ltd.[13] In 2015, FxPro launched an initial public offering (IPO).[14][15] But a year later, in 2016, the company decided to postpone the plans due to instability in global markets.[16] In early 2017, the plans were delayed again amid new FCA requirements and rules for issuers.[17][18][19]

The company then opened an office in Dubai (United Arab Emirates).[20][21]

Collaboration

In June 2010, the company announced a three-year sponsorship contract with Fulham Football Club.[22][23] In the same month, FxPro signed a sponsorship contract with Aston Villa soccer club for three years as well.[24]

Financing

The first broker to sponsor Formula 1 teams. (BMW Sauber in 2009, sponsored by Virgin racing in 2010 and Watford from 2017 to 2019.

As of 2018, the McLaren organization and Yacht Club Monaco are the company's primary sponsors.[2]

Trading opportunities

The company provides traders with a choice of three trading platforms MetaTrader 4 (including mobile versions), cTrader, and MetaTrader 5.[25] In 2013, the company started to develop algorithmic trading in the retail sector. The company launched Quant, a web-based strategy application on the MT4 platform that allows users to create their own trading robots or download ready-made ones from the company's library.[26]

Quant requires no knowledge of C#, allows users to create automated strategies using technical indicators and logical operators without any coding knowledge. In October 2013, FxPro launched its proprietary investment platform "FxPro SuperTrader", which allows investors to allocate funds across a range of trading strategies.[27]

In March 2015, the company announced support for the MetaTrader 5 platform.[28][29]

In 2017, the company underwent a major expansion, rebranding its website and adding a wide range of new tools, bringing the total number of tools to over 2,100.[3]

Regulations

FxPro UK Limited, a subsidiary of FxPro Group Ltd and is fully regulated by the Financial Conduct Authority in the United Kingdom. Until June 2012, FxPro UK Limited acted as a representative of its parent company and did not provide any brokerage services.[30] This changed when the company renewed its FCA license and was subsequently able to accept clients from the UK.[13]

FxPro Financial Services Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).[31] The EU Markets in Financial Instruments Directive (MiFID) came into force in 2007.[32] This allows firms that are regulated in Cyprus to provide investment services anywhere in the European Union.[33]

In 2015, FxPro received authorization from the South African Financial Services Board (FSB).[34]

References

  1. ↑ 1.0 1.1 "Change of registered name of an overseas company on 9 February 2010 from Euroorient securities and financial services LIMITED". Companies House. Retrieved 2017-06-07.
  2. ↑ 2.0 2.1 "FxPro UK Revenue Rises by 20% Despite Net Loss". Financial and Business News | Finance Magnates. 2023-10-04. Retrieved 2023-12-16.
  3. ↑ 3.0 3.1 "FxPro Review 2023: Detailed Analysis Of The Broker!". 2023-06-05. Retrieved 2023-12-16.
  4. ↑ FxPro (2023-12-14). "Bank of England Hawks Extend the Pound's Rally". Action Forex. Retrieved 2023-12-16.
  5. ↑ "amana Replaces Demised CFO with Former Group CFO of FxPro". Financial and Business News | Finance Magnates. 2023-12-14. Retrieved 2023-12-16.
  6. ↑ "FxPro Sets Up Spanish Office". Institutional Investor (журнал). 2010-03-31. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  7. ↑ "Investment Awards 2010 Winners". Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  8. ↑ Iain Dey (2010-09-05). "Trader shoots for a listing". The Times. Archived from the original on 2017-08-11. Retrieved 2017-06-07.
  9. ↑ Marion Dakers (2010-09-06). "FXPro to announce plans for Aim float". City A.M. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  10. ↑ "FXPro eyes £200m value after listing". Daily Express. 2010-09-06. Archived from the original on 2018-01-26. Retrieved 2017-06-07.
  11. ↑ Adil Siddiqui (2011-11-16). "FXPro Launches Australia office". Finance Magnates. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  12. ↑ Michael Greenberg (2013-03-03). "FxPro Shuts Down Australian Office (Updated)". Finance Magnates. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  13. ↑ 13.0 13.1 Gerald Segal (2012-06-04). "FxPro upgrades UK FSA license". Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  14. ↑ Ambereen Choudhury; Lucy Meakin. "FxPro Group May Hold London IPO as Soon as Next Year, CEO Says". Bloomberg News. Archived from the original on 2016-09-23. Retrieved 2017-06-07.{{cite web}}: CS1 maint: multiple names: authors list (link)
  15. ↑ Russell Lynch (2015-12-04). "FxPro approaches City firms as IPO plan takes shape". Evening Standard. Archived from the original on 2017-08-11. Retrieved 2017-06-07.
  16. ↑ Tim Wallace (2016-02-13). "FXPro holds off flotation plan on market chaos". The Daily Telegraph. Archived from the original on 2017-06-07. Retrieved 2017-06-07.
  17. ↑ Mark Kleinman (2017-01-04). "Currency trading firm FxPro shelves float as FCA crackdown looms". Sky News. Archived from the original on 2017-06-20. Retrieved 2017-06-07.
  18. ↑ William Turvill (2017-01-04). "Currency trading firm shelves IPO plans, citing FCA spreadbetting crackdown". City A.M. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  19. ↑ "Currency trading firm FxPro shelves plans to float on stock market in London". Belfast Telegraph. 2017-01-04. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  20. ↑ "FXPRO SECURES LUCRATIVE PRESENCE WITH NEW DUBAI OFFICE".
  21. ↑ Segal, Gerald (2022-04-14). "FxPro opens Dubai rep office". FX News Group. Retrieved 2023-12-31.
  22. ↑ Joe Thomas (2010-06-28). "LG replaced by FxPro as main sponsor of Fulham FC". Campaign (журнал). Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  23. ↑ "Fulham Teams Up With FxPro". Fulham F.C. 2010-06-25. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  24. ↑ John Nisbet (2010-06-10). "Villans sign biggest sponsorship deal". The Independent. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  25. ↑ "Les plateformes de trading du broker forex FxPro" (in français). La Tribune. 2015-06-01. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  26. ↑ Victor Golovtchenko (2015-02-19). "FxPro Upgrades Its Automated Strategy Creation Tool FxPro Quant". Finance Magnates. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  27. ↑ Steven Hatzakis (2013-10-17). "FXPro Announces Launch of SuperTrader Platform for Copy Trading". Finance Magnates. Archived from the original on 2017-08-10. Retrieved 2017-06-07.
  28. ↑ "FOREX: FxPro launches MetaTrader5 trading platform". Financial Mirror. 2015-03-16. Archived from the original on 2015-07-10. Retrieved 2017-06-07.
  29. ↑ Victor Golovtchenko (2015-03-16). "FxPro Officially Goes Live with MetaTrader 5 Offering". Finance Magnates. Archived from the original on 2017-08-21. Retrieved 2017-06-07.
  30. ↑ "FxPro Looks Ahead to FMAS:23". Financial and Business News | Finance Magnates. 2023-05-04. Retrieved 2023-12-16.
  31. ↑ FxPro (2023-12-13). "EURAUD Wave Analysis". Action Forex. Retrieved 2023-12-16.
  32. ↑ "FxPro Enters the Fighting Ring by Sponsoring Latvian MMA Fighter". Financial and Business News | Finance Magnates. 2023-08-01. Retrieved 2023-12-16.
  33. ↑ "FXPRO Financial Services Ltd". Комиссия по ценным бумагам и биржам Кипра. Archived from the original on 2017-06-06. Retrieved 2017-06-07.
  34. ↑ Ron Finberg (2015-10-27). "FxPro Receives South African Regulation from the Financial Services Board". Finance Magnates. Archived from the original on 2017-08-21. Retrieved 2017-06-07.

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