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2012 In Review: FxPro

Dec 27 2012
By
Forexbrokerz.com

FxPro is on of those brokers that keeps quiet when it comes to itself – you would rarely see something about it in the news, but you would also see no customers complaining about it. At the end of the day, FxPro manages to stay out of the spot light while delivering outstanding services. Let's take a look at the broker's accomplishments in 2012. 

 
For FxPro the year began with a recap of 2011: as it turns out, the broker did just great with $1.18 trillion traded throughout the year, strong customer bases in Asia and Europe, and sustainable revenues. 
 
In February, all FxPro traders who were using the cTrader ECN platform received some good news: everyone who opened a cTrader account after February 6, 2012, was automatically enrolled in a rebate program and was eligible for rebates of up to 0.8 pips per lot, depending on their monthly trading volumes. 
 
Two more major pieces of news were released in February: the first one was that FxPro had teamed up with Integral to offer its customers access to the Interbank FX spreads, and thus deliver even lower spreads (at that point, the spreads on FxPro cTrader were starting at 0 pips anyway). The second partnership that the broker got into was the one with Traiana – and this mutual co-operation allowed for real-time matching of customer trades. 
 
In May, FxPro received another award to put on its shelves: it was named “Best Global ECN Broker 2012” at the World Finance Foreign Exchange Awards. Frankly speaking, FxPro's cTrader was already doing an awesome job so this recognition was just a matter of time. 
 
June was another exciting month for the broker: FxPro UK opened doors for business. Up until then, the broker had been operating out of its Cyprus headquarters and was registered with the local regulator CySEC, as well as with the ASIC in Australia, but from that point on the FSA-UK was also in jurisdiction over FxPro.
 
In July FxPro took a decision that I find to be the most important of the year: it switched to No Dealing Desk (NDD) model across all its locations. With this any possible conflict of interest between the broker and its customers was avoided and traders could enjoy more transparent and fairer operations. 
 
In November FxPro went talent hunting – but it didn't choose the obvious way to do so. Instead of posting a job ad and screening candidates, the broker gave way to the next generation of promising financial analysts and started an essay competition for college students. The winner of the contest would win a £3,000 university grant, as well as a summer internship at FxPro. On January 31, 2013, the lucky winner will be announced and will have quite the reason to celebrate – even though the holidays will be long over by then. 
TAGS: FxPro  forex trading  forex broker  ECN  cTrader  trading platform  NDD execution  forex execution  forex spread  FSA UK  CySEC  ASIC  forex contest  forex scholarship 

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