FxPro

Last updated
FxPro
Company type Private
Industry Finance
Founded2002
Headquarters
London
,
United Kingdom
Number of employees
300+
Website www.fxpro.com

FxPro is a London-based global online brokerage that provides contracts for difference (CFDs) in foreign exchange, stocks, futures, exchange-traded funds (ETFs), cryptocurrencies, and precious metals. It has offices in London, United Kingdom, Cyprus, UAE [1] and The Bahamas, [2] and is regulated by several regulatory authorities. [3] [4] FxPro serves over two million active retail and institutional client accounts in more than 170 countries. [3]

Contents

History

FxPro was founded in 2002 [5] as a foreign exchange broker EuroOrient Securities & Financial Services Ltd in Cyprus. [6] [7] Following the introduction of the EU Markets in Financial Instruments Directive (MiFID) in 2004, companies regulated in Cyprus were permitted to provide investment services throughout the European Union. In 2010, FxPro was granted regulation and licensing by the UK Financial Conduct Authority (Financial Services Authority at the time) and opened its London office. [8]

The company opened an office in Australia in 2011, but had to close it in March 2013 after new capital regulations came into force in Australia. [9] The acquired clients were transferred to Cyprus and UK jurisdiction. [10]

In 2013, FxPro launched the SuperTrader platform, which specializes in social trading. At the time of its launch, SuperTrader featured about 200 Forex traders, whose positions could be copied by other FxPro traders. Traders are picked and vetted by FxPro, based on factors such as their trading techniques, how profitable they have been, and how risky their trades were. [11]

Since 2013, the company has offered retail algorithmic trading through its web-based strategy tool Quant, built for MT4. It enables users to design automated trading strategies with technical indicators through drag-and-drop interface, without the need for prior programming knowledge. [12]

FxPro began its initial public offering (IPO) in 2015. [13] [7] However, one year later, in 2016, the company postponed its plans due to turmoil in global markets. [14] In spring 2017, the plans were postponed again due to the new tough FCA measures. [14] [15]

In September 2021, FxPro invested $12 million in a new regional headquarters in The Bahamas. The office building will also house a new digital bank, BankPro. [2]

In April 2022, FxPro opened an office in Dubai to support customers in the MENA region. [1]

FxPro account types include MT4, MT5, [16] cTrader, and FxPro Edge. [17]

In June 2023, FxPro introduced cryptocurrency trading to its cTrader accounts. Some of the tokens currently supported on the platform are Bitcoin, Ethereum, and Ripple. [18]

The company also grew its cash reserves from £2.6 million in 2022 to £3.6 million in 2023, expanding the total assets excluding liabilities by 4%. [18]

Regulations

FxPro UK Limited, a wholly owned subsidiary of FxPro Group Ltd, is licensed and fully regulated by the Financial Conduct Authority (FCA) in the United Kingdom. [19] [20] FxPro UK Limited formerly traded as an introducer for its parent company and did not provide brokerage services or hold client funds until June 2012, when the company updated its FCA license to accept UK clients. [20]

FxPro Financial Services Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). [21]

In 2015, FxPro received approval from the South African Financial Services Board (FSB). [22]

Sponsorships

Association football

In June 2010, the company announced a front of shirt sponsorship agreement with Premier League club Aston Villa, which would last for one season. [23] They also began sponsoring FC Fulham that same season in an agreement that would last until 2013. [24] [25]

In March 2011, the company announced a sponsorship agreement with Ligue 1 club AS Monaco for the 2011-12 season. [26] In June 2017, the company became the front of shirt sponsor for Premier League club Watford, in an agreement that lasted two seasons, ending in 2019. [27]

Motorsport

FxPro first involved in motorsport by sponsoring the BWM Sauber F1 team in 2009, [28] before moving on to Virgin Racing for their first season in 2010. [29] After a break period, FxPro returned to Formula 1 in 2018 with a multi-year partnership with McLaren Racing, [30] which would be extended in 2019 and 2021. [31] [32]

In 2010, FxPro announced a 2-year sponsorship agreement to become the Official Forex Trading Partner of the World Rally Championship. [33]

FxPro were also the title sponsor for the Cyprus Rally for the 2009 (sanctioned by the World Rally Championship), 2010 and 2011 (sanctioned by the Intercontinental Rally Challenge) runnings of the event.

See also

References

  1. 1 2 Kirui, Jared (2023-06-20). "FxPro Unveils New Dubai Office amid Regional Expansion". Financial and Business News. Retrieved September 4, 2024.
  2. 1 2 "FxPro invests a further $12M in a new regional headquarters in The Bahamas". Eye Witness News. 2021-09-21. Retrieved 2024-11-06.
  3. 1 2 Ashton, Gary (December 30, 2024). "FxPro Review". Investopedia. Retrieved 2025-10-11.
  4. ↑ "FXPRO Financial Services Ltd". CySEC . Retrieved September 11, 2020.
  5. ↑ "FX-PRO LTD filing history (Company number 04480922)". GOV.UK. 2010-09-28. Retrieved 2024-09-04.
  6. ↑ Panzariu, Ovidiu (March 4, 2009). "BMW Sauber Sign New Sponsor FxPro". autoevolution.
  7. 1 2 Lynch, Russell (December 4, 2015). "FxPro approaches City firms as IPO plan takes shape". Evening Standard.
  8. ↑ "About FxPro company: history, team, profile, strategy, and regulation". FxPro Official Website. Retrieved 2025-10-15. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956). The London office opened following regulatory approval in 2010, when FxPro gained FCA regulation (then called the Financial Services Authority).
  9. ↑ "FXPro Launches Australia office". Finance Magnates. November 16, 2011.
  10. ↑ Greenberg, Michael (2013-03-03). "FxPro Shuts Down Australian Office (Updated)". Finance Magnates. Retrieved 2025-10-11.
  11. ↑ "Financial Times" . Retrieved September 4, 2024.
  12. ↑ Victor, Golovtchenko (2015-02-19). "FxPro Upgrades Its Automated Strategy Creation Tool". Financial and Business News | Finance Magnates. Retrieved 2025-12-23.
  13. ↑ "FxPro Group May Hold London IPO as Soon as Next Year, CEO Says - Bloomberg". September 23, 2016. Archived from the original on 23 September 2016.
  14. 1 2 "FXPro holds off flotation plan on market chaos". The Telegraph. February 13, 2016.
  15. ↑ "Currency trading firm FxPro shelves float as FCA crackdown looms". Sky News.
  16. ↑ Golovtchenko, Victor (2015-03-16). "FxPro Officially Goes Live With MetaTrader 5 Offering". Finance Magnates. Retrieved 2025-10-11.
  17. ↑ "Beyond Boundaries: Exploring the features of the top Forex brokers in 2023". BusinessTech. 2023-12-11. Retrieved 2024-11-06.
  18. 1 2 Kirui, Jared (2024-09-26). "FxPro UK Rebounds to Profit, Boosted by 23% Revenue Growth". Financial and Business News. Retrieved 2024-11-06.
  19. ↑ Post, Sponsored (March 27, 2024). "9 Best Forex Brokers in Nigeria". Businessday NG.
  20. 1 2 "FxPro launches FxPro UK under FSA license". Finance Magnates. June 25, 2012.
  21. ↑ "FXPRO Financial Services Ltd". Cyprus Securities and Exchange Commission.
  22. ↑ "FxPro Receives South African Regulation from the Financial Services Board". Finance Magnates. October 27, 2015.
  23. ↑ "Villans sign biggest sponsorship deal". The Independent.
  24. ↑ "LG replaced by FxPro as main sponsor of Fulham FC". www.campaignlive.co.uk.
  25. ↑ "Fulham Teams Up With FxPro". June 12, 2014. Archived from the original on 12 June 2014.
  26. ↑ "FxPro Announces Sponsorship Of AS Monaco FC". FxPro. 22 March 2011. Retrieved 18 December 2025.
  27. ↑ "FxPro and Watford FC Announce Sponsorship Agreement". FxPro. 14 June 2017. Retrieved 18 December 2025.
  28. ↑ "BMW SAUBER F1 TEAM - FxPro is new partner". BMW Group. 4 March 2009. Retrieved 18 December 2025.
  29. ↑ Oliver, Lee (16 December 2009). "FxPro sponsors Virgin Racing". Euromoney . Retrieved 18 December 2025.
  30. ↑ Carp, Sam (May 25, 2018). "McLaren drive home FxPro deal".
  31. ↑ "McLAREN Racing and FxPro announce Formula 1 partnership extension". Mclaren. 26 November 2019. Retrieved 18 December 2025.
  32. ↑ "FxPro and the McLaren F1 team announce the continuation of their winning partnership!". FxPro. 2 November 2021. Retrieved 18 December 2025.
  33. ↑ Fernandez, Joe (15 February 2010). "FxPro to sponsor World Rally Championship". Marketing Week . Retrieved 18 December 2025.
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