When we reviewed the 2013 fortunes of FxPro, the Forex broker operating from Cyprus and the UK, we enlisted a raft of innovations that the company introduced over the past year, but the list appears to be longer. In fact, we've missed noticing a very useful service that FxPro has quietly added to its line-up and that can give traders some advantages in terms of Forex education: the FxPro Trading Academy.
You may object now by arguing that FxPro has offered educational services for ages – and we have to agree as we also know about the training videos that the broker has made in co-operation with Bloomberg. But while these videos were present, traders felt the lack of a designated, separate educational section that will comprise different Forex knowledge resources. Well, the FxPro Trading Academy seeks to fill this gap.
You can visit the new section by clicking here.
Amid the first impressions one gets from navigating across the Academy is that it gets together the webinar videos with which some of you are probably well-acquainted, various Forex articles and a glossary on the main terms in Forex. Apparently, the broker is targeting traders with various approaches to studying: while some may prefer the visual illustration and liveliness of webinars and videos, others may stick to the old-fashioned books and download some PDFs from the Tutorials page. One can make use of articles like Essentials of Risk Management or Your Trading Style.
The Trading Academy also includes the Knowledge centre sub-section and provides all the answers to Frequently Asked Questions about the Forex area and FxPro – the broker's agency model, for example.
Overall, I find the service quite appealing and friendly. And although more experienced traders may find texts like “History of Forex” rather boring and perhaps unnecessary, newbies would benefit a lot from this basic stuff.
FxPro's move brings more convenience to Forex education but it also adds depth to the offering by the broker. While FxPro is aiming to entice more newbies to the online trading field by taking FX training closer to the general public, other FX brokers have sought to propose other perks to entice new clients, with the latest hype being news and analyses services. It's worth mentioning OANDA's move in November to rebrand and refurbish MarketPulse – the market analyses website, or DailyFX by FXCM.
While Forex brokers race to get our attention (and money), we stand to pick the one that suits us most and that cannot be a bad thing.
FxPro is an award-winning Forex broker providing retail and institutional offerings to clients in 150 countries. FxPro offers trading access through a range of platforms including the innovative ECN platform – FxPro cTrader – supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred Forex broker and it has become the first choice for Forex traders needing user-friendly market access and superior trading infrastructure.
With offices in the United Kingdom, Austria, Cyprus, France, Russia and Spain, FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission, under license number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).