FxPro
Encyclopedia
FxPro is the brand name of FxPro Financial Services Limited, an online retail trading broker in Contract for difference
(CFD) on foreign exchange (FX), shares
, futures
and precious metals.
system to trade over single or multi client terminals, web-enabled mobile phones and PDAs.
.
) and operates under the Cypriot Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
FxPro UK Limited a wholly own subsidiary of FxPro Financial Services Limited is authorised and regulated in the United Kingdom by the Financial Services Authority, registration number 509956. FxPro UK Limited acts as an introducer to its parent company and does not provide any brokerage services or hold client money and acts an introducer of UK clients to its parent.
Contract for difference
In finance, a contract for difference is a contract between two parties, typically described as "buyer" and "seller", stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at contract time...
(CFD) on foreign exchange (FX), shares
Share (finance)
A joint stock company divides its capital into units of equal denomination. Each unit is called a share. These units are offered for sale to raise capital. This is termed as issuing shares. A person who buys share/shares of the company is called a shareholder, and by acquiring share or shares in...
, futures
Futures contract
In finance, a futures contract is a standardized contract between two parties to exchange a specified asset of standardized quantity and quality for a price agreed today with delivery occurring at a specified future date, the delivery date. The contracts are traded on a futures exchange...
and precious metals.
History
FxPro was established in 2006 in Cyprus. It has offices in the UK, Russia, France, Spain and Austria.MetaTrader 4
FxPro uses the MetaTrader 4MetaTrader 4
MetaTrader 4, better known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. ...
system to trade over single or multi client terminals, web-enabled mobile phones and PDAs.
cTrader
FxPro also offers its clients cTrader which was developed by cTrader Limited and was released in 2011. cTrader operates in an ECN environment, connecting the buy/sell side together via a FIX protocolFIX protocol
The Financial Information eXchange protocol is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to the securities transactions and markets...
.
Regulatory information
FxPro is the brand name of FxPro Financial Services Ltd, a financial services company authorised and regulated by the CySEC (Cyprus Securities and Exchange Commission) under the license no. 078/07, and has cross border licenses for the provision of Investment Services throughout the European Union. FxPro complies with the European Markets in Financial Instruments Directive (MiFIDMiFID
The Markets in Financial Instruments Directive as subsequently amended is a European Union law that provides harmonised regulation for investment services across the 30 member states of the European Economic Area...
) and operates under the Cypriot Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
FxPro UK Limited a wholly own subsidiary of FxPro Financial Services Limited is authorised and regulated in the United Kingdom by the Financial Services Authority, registration number 509956. FxPro UK Limited acts as an introducer to its parent company and does not provide any brokerage services or hold client money and acts an introducer of UK clients to its parent.
Operating Metrics
| 2009 Q1 | 2009 Q2 | 2009 Q3 | 2009 Q4 | 2010 Q1 | 2010 Q2 | 2010 Q3 | 2010 Q4 | 2011 Q1 | 2011 Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Volume ($bn) | 214 | 182 | 239 | 290 | 270 | 320 | 228 | 253 | 297 | 292 |
| Revenue ($mn) | 11.72 | 15.62 | 13.30 | 17.71 | 16.88 | 20.94 | 21.56 | 20.87 | 17.15 | 23.42 |
| Revenue per million traded ($) | 54.84 | 85.99 | 55.70 | 61.15 | 62.41 | 65.53 | 94.67 | 82.37 | 57.70 | 80.10 |
| Active Accounts | 13,248 | 11,520 | 12,550 | 13,826 | 14,582 | 15,121 | 13,853 | 13,589 | 14,935 | 14,574 |
Sponsorship
- FxPro Super Rugby - FxPro is the domestic naming rights partner of the five Australian franchises (NSW Waratahs, Queensland Reds, Melbourne Rebels, Western Force, and The Brumbies) in the SANZAR run Super Rugby tournament. Super Rugby is contested by 15 teams made up of the world's best players from Australia, NZ and South Africa between February and August each year. The four-year deal was announced in November 2011.
- AFC Champions League - The Asian Football Confederation Champions League, a tournament running from March until November, is contested by 32 clubs from Asia’s top ten leagues. FxPro is currently the official partner of Asia’s premier club football competition, the AFC Champions League.
- AS Monaco FC Club - FxPro is currently the official partner of AS Monaco FCAS Monaco FCAssociation Sportive de Monaco Football Club are a French football club based in Fontvieille, Monaco. The club was founded in 1924 and currently play in Ligue 2, the second tier of French football. The team plays its home matches at the Stade Louis II located within Fontvieille...
. FxPro’s branding will be displayed on the team shirt and around the club’s Stade Louis II stadium. - Fulham Football Club In June 2010 FulhamFulham F.C.Fulham Football Club is a professional English Premier League club based in southwest London Fulham, in the London Borough of Hammersmith and Fulham. Founded in 1879, they play in the Premier League, their 11th current season...
announced a shirt sponsorship deal with FxPro, with the financical implications unknown as now. - Aston Villa Football Club - In June 2010, Aston VillaAston Villa F.C.Aston Villa Football Club is an English professional association football club based in Witton, Birmingham. The club was founded in 1874 and have played at their current home ground, Villa Park, since 1897. Aston Villa were founder members of The Football League in 1888. They were also founder...
announced a shirt sponsorship deal with FxPro, the most lucrative in the club's history. - FIA World Championship Rally, Cyprus - FxPro is the first main Sponsor of the WRCWorld Rally ChampionshipThe World Rally Championship is a rallying series organised by the FIA, culminating with a champion driver and manufacturer. The driver's world championship and manufacturer's world championship are separate championships, but based on the same point system. The series currently consists of 13...
Cyprus RallyCyprus RallyThe Cyprus Rally is a rallying competition held yearly in Cyprus since 1970. The event is run by the Cyprus Automobile Association and is based in the city of Limassol . It is run on the winding roads of the nearby mountains of Troödos. It was part of the FIA's World Rally Championship from 2000...
, which rejoined the WRC calendar in 2009, and forms part of the 12 round championship. - IRC 2010 Cyprus Rally - FxPro was title sponsor of the Intercontinental Rally Challenge 2010 Cyprus Rally2010 Cyprus RallyThe 2010 FxPro Cyprus Rally, was the 12th round of the 2010 Intercontinental Rally Challenge season. The fourteen stage mixed surface rally took place over 4–6 November 2010...
, mixed surface rally in the countryside around Limassol. - Virgin Racing - In December 2009, FxPro was announced as one of the sponsors of Sir Richard Branson’s new F1Formula OneFormula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...
racing team, Virgin RacingVirgin RacingMarussia Virgin Racing, the trading name of Virgin Racing Limited, is a Russian owned Formula One racing team based in the United Kingdom and racing on a Russian licence, which made its debut in the 2010 Formula One season. It was granted entry as Manor Grand Prix on 12 June 2009, as one of four...
. FxPro has a significant presence on the car, the drivers' clothing and team branding. - BMW Sauber F1 - In 2008, FxPro made and agreement with BMW in F1Formula OneFormula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...
. FxPro had presence on the nose of the car, the drivers' clothing and team branding.