As the winter festivities kick in and we gradually approach the end of 2013, it's time to take a look at what happened over the past year and give some appreciation to the Forex brokers that have shown very dynamic performance and remarkable achievements. With an article about FxPro, we start our annual series of articles that summarize the events and fortunes of very active Forex companies over 2013.
There's nothing surprising about FxPro being in the list of most active and outstanding Forex brokers for 2013: it was on a roll in the summer and while everyone was complaining about subdued volatility, it started a real innovation drive. And we did not see that coming, especially in the start of the year, when the broker was lying down – what seemed back then as a hibernation turned out to be a period of careful planning of a future business leap.
As I said, the year started calmly for FxPro and we kind of lost it from our journalist sight for a couple of months. Then, in the start of March, it turned out that the company had undertaken some restructuring steps, with its Australian branch being merged with the Cypriot and UK ones. And just as we were starting to get worried about the fortunes of the broker, it struck a positive note by becoming the first Forex broker from Cyprus to get the title of Investors in People Organization by the International Recognition Panel.
A very calm April followed and afterwards, as the end of May got nearer, the FX broker made it clear why it had been taking it easy for some time – because it was planning to overtake the Forex world by a storm!
In less than a week in the end of May, the company introduced two new products: the Quant and the MT4 Web Trader. The MT4 Web Trader is not a meager web-based version of the popular Metatrader 4 platform – it came along powered by Panda TS software, allowing a bunch of nice trading stuff such as one-click trading. But it was the Quant that really made some difference in the field: based on a graphical user interface, the program allowed its users to create their own robots and then apply them on the MT4. Thanks to the simple drag-and-drop technology at its core, the tool soon became very popular – no wonder then, that it brought the company the award for Best Forex Product of the Year at the UK Forex Awards 2013.
June was also very active for FxPro: it continued with the innovations. First up was FxPro Vault, a tool that allowed clients themselves to create a safe area for the money in their trading accounts. Then, as the month progressed, the broker decided to please the fans of automated trading by introducing the FxPro Library for Forex robots that can be used on Metatrader 4 and cTrader. And, as if this did not spoil robot-freaks enough, the broker launched a VPS service that secured worry-free trading.
The broker did not get any sleep in the summer too and kept improving trading conditions. In August, for example, it started offering a new type of account for fans of automated trading: the EA Micro, which allowed trading with micro lots.
September and the start of October gave the company some deserved recognitions for its efforts and it reaped a bunch of awards – such as the one for Excellence in Forex services.
Then, in the middle of October, the broker launched SuperTrader, a social trading platform based on its agency model. Offering exquisite execution and services, fair remuneration and a number of carefully selected strategies to copy, SuperTrader is a truly revolutionary product.
As the end of the year approached, FxPro kept getting awards: one especially worth mentioning is the Best Forex Broker award from the Shares magazine. This marked a nice end of a very hectic and fruitful year for FxPro. Way to go!