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FxPro Press Releases

FxPro Committed to Fairness and Transparency

07/04/2015, 08:57

7 April 2015, London. A strong proponent of transparency and fair trading services, FxPro remains committed to providing its clients with not only full trade reporting and support, but also with advanced order-matching and execution technologies that are continuously upgraded. As a trusted broker for a growing number of clients worldwide, FxPro is pleased to announce its slippage statistics for the month of March:

  • Positive = 36%
  • At Quote = 36%
  • Negative = 28%

As FX is an OTC (Over-the-Counter) product, clients may experience trades executed at a different price to the one displayed at the time. Operating as a Hybrid broker, using a non dealing agency model execution technology, FxPro allows its clients to access top-tier liquidity and to benefit from both its execution technology and its Negative Balance Protection guarantee, while also mitigating operational risk.

In conjunction with its slippage statistics, FxPro is also announcing the percentage of re-quotes that clients received during March:

  • Re-quotes = 4.32%
  • Positive = 2%
  • Negative = 2.32%

FxPro CEO, Charalambos Psimolophitis, commented on these encouraging statistics:

“At FxPro we have long been supporters of transparency and fairness in the Forex industry, and have worked hard to eradicate all conflicts of interest between broker and client. Having adopted a Hybrid Agency Model, we provide our clients with not only superior educational resources and trading tools but also with a guarantee of their funds’ safety. In an industry where it is taken for granted that slippage almost always goes against the client, we are pleased to demonstrate that this is not in fact the case. As the topic of slippage symmetry comes into greater focus, we encourage other brokers to be as forthcoming with their own execution statistics.”

Notes to Media

About FxPro

FxPro is an award-winning online broker, serving retail and institutional clients in more than 150 countries. FxPro provides access to competitive pricing and deep liquidity with no-dealing-desk intervention via its advanced trading platforms, superior execution technologies and algorithmic tools.

FxPro Group Limited is the holding company of FxPro UK Limited and FxPro Financial Services Limited.

FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) and by the Financial Services Board (authorisation no. 45052).

http://www.fxpro.co.uk

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