FOREX Pro Company

Forex Pro Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Forex Pro Company, commonly referred to as FxPro, was founded in 2006. It emerged as a significant player in the forex brokerage industry, focusing on providing high-quality trading services to retail and institutional clients.

Parent Company/Owership Structure

FxPro is owned by the FxPro Group Limited, which encompasses several subsidiaries operating under various regulations. This structure allows the company to cater to a diverse clientele across multiple jurisdictions.

Headquarters Location

The company's headquarters are located in London, United Kingdom. This strategic location not only provides access to one of the world's leading financial hubs but also aligns with the regulatory environment of the UK.

Global Business Scope

FxPro has expanded its services to over 170 countries, establishing a global presence that caters to a wide range of traders. The company offers trading services in multiple languages, enhancing its accessibility for international clients.

Main Regulatory Bodies

FxPro is regulated by several prominent financial authorities, including:

• Financial Conduct Authority (FCA) in the UK
• Cyprus Securities and Exchange Commission (CySEC)
• Securities Commission of the Bahamas (SCB)
• Dubai Financial Services Authority (DFSA)

This multi-regulatory approach ensures that FxPro adheres to strict compliance standards and provides a secure trading environment for its clients.

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2. Company History and Development

Key Milestones

Since its inception, FxPro has achieved several key milestones, including:

• Launching its trading platform in 2006
• Becoming the first broker to sponsor a Formula 1 team in 2008
• Expanding its product offerings to include CFDs and cryptocurrencies

Business Expansion Journey

FxPro has consistently expanded its product offerings and geographical reach. Initially starting as a forex broker, it has diversified into CFDs, stocks, and cryptocurrencies, catering to the evolving needs of traders.

Customer Base Growth

The company has witnessed significant growth in its customer base, serving millions of clients globally. Its reputation for reliability and advanced trading technology has contributed to this growth.

Platform Development History

FxPro has developed several trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Each platform is designed to meet the diverse needs of traders, offering various tools and features for effective trading.

Important Awards or Recognitions Received

FxPro has received over 120 awards for its services, including accolades for best execution, customer service, and innovative trading solutions. These awards reflect the company's commitment to excellence in the forex brokerage industry.

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3. Trading Services Offered

Forex Trading Options

FxPro offers a wide range of forex trading options, with over 70 currency pairs available for trading. This includes major, minor, and exotic pairs, providing traders with ample opportunities to engage in the forex market.

Stock Trading Options

In addition to forex, FxPro provides access to over 150 large-cap stocks, allowing traders to diversify their portfolios and take advantage of stock market movements.

CFD Trading Products

The broker offers a comprehensive suite of CFD trading products, including indices, commodities, and energies. This allows traders to speculate on price movements without owning the underlying assets.

Other Financial Instruments

FxPro has also ventured into cryptocurrencies, offering trading options for major digital currencies such as Bitcoin, Ethereum, and Litecoin. Additionally, the broker provides access to commodities like gold and oil, further enhancing its trading offerings.

Special Services or Unique Advantages

FxPro stands out in the industry due to its:

• No dealing desk (NDD) execution model, ensuring transparency and speed in trade execution.
• Advanced trading tools and educational resources designed to assist traders in making informed decisions.
• Multi-platform accessibility, allowing traders to choose their preferred trading environment.

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4. Regulatory and Legal Background

Detailed Regulatory Information

FxPro operates under the regulation of several financial authorities, ensuring compliance with international standards. The regulatory bodies include:

• FCA (UK)
• CySEC (Cyprus)
• SCB (Bahamas)
• DFSA (Dubai)

Legal Entity Structure by Region

FxPro's legal entities vary by region, allowing the company to cater to different regulatory requirements. For example, FxPro UK Limited is regulated by the FCA, while FxPro Financial Services Ltd operates under CySEC.

Client Fund Protection Measures

FxPro implements several measures to protect client funds, including:

• Segregation of client funds from company funds
• Participation in compensation schemes, such as the FCA's Financial Services Compensation Scheme (FSCS), which protects eligible clients up to £85,000.

Countries/Regions Served

The company serves clients from over 170 countries, providing localized services and support in multiple languages. This global outreach enhances its accessibility and appeal to diverse trader demographics.

Compliance History

FxPro has maintained a strong compliance record, adhering to the regulations set forth by the various authorities under which it operates. This commitment to compliance has bolstered its reputation as a trustworthy broker.

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5. Competitive Landscape

3-5 Main Competitors

FxPro faces competition from several other brokers in the forex and CFD trading space, including:

• IG Group
• OANDA
• Pepperstone
• XM Group
• Forex.com

Positioning in the Industry

FxPro positions itself as a leading broker known for its advanced trading technology, extensive product offerings, and commitment to customer service. Its regulatory compliance and industry awards further enhance its standing in the market.

Market Differentiation Factors

FxPro differentiates itself through:

• A wide range of trading platforms catering to different trader preferences.
• A transparent NDD execution model that ensures fair pricing and fast order execution.
• Comprehensive educational resources and advanced trading tools that empower traders to enhance their skills and strategies.

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In conclusion, Forex Pro Company (FxPro) has established itself as a prominent player in the forex brokerage industry, characterized by its robust regulatory framework, diverse trading offerings, and commitment to customer satisfaction. As the company continues to evolve and expand, it remains dedicated to providing high-quality trading services to clients worldwide.

For those interested in learning more about FxPro and its services, visit FxPro's official website.