2 March, 2015
In a bid to encourage greater transparency within the retail FX industry FxPro is pleased to announce its latest slippage statistics for the month of February:
This is an important statistic for retail clients as it shows what proportion of trades were executed either in their favour or against them. The recent increase in volatility has made slippage all the more important so the greater transparency in respect to these statistics, the better informed a client can be about how fairly they are being treated by their broker. Spot FX is an OTC (Over the Counter) product as opposed to being traded on exchange, therefore clients can experience trades being executed at a different price to the one displayed at the time, which is referred to as slippage.
“At FxPro we understand the importance of putting the customer first, which is why we want to be at the forefront of promoting fairness and transparency. Through our automated No Dealing Desk trading environment, backed by a Negative Balance Protection policy, we are proud to be a trusted broker for many clients globally. We encourage all of our peers to do the same.” Psimolophitis, FxPro CEO.
FxPro has also seen a significant uplift in trading volumes in February and is announcing the following statistics in conjunction with their slippage numbers:
Average No. Lots Traded Daily
Increase 106% YoY
Increase 11% MoM
Average No. Trades Daily
Increase 104% YoY
Increase 12% MoM
Average Volume Daily
Increase 87% YoY
Increase 13% MoM
(YoY = Feb 2014–Feb 2015)
(MoM = Jan 2015–Feb 2015)
Are you proactive, positive, responsible, able to solve different tasks, and have many creative ideas that you want to make come true? Then send us your CV right...
In 2017, as part of a long-standing commitment to providing traders with comprehensive educational material, online broker FxPro...
FxPro, a well-established European forex and CFD broker, has obtained a license from the Dubai Financial Services Authority (DFSA) and will open an office...
In order to commemorate the beginning of the 2017/18 Premier League season and the first game of FxPro and Watford FC 3-year sponsorship deal...
We are proud to announce that FxPro has signed a three-season deal to become the Official...
We would like to inform you that, starting on Monday, February 6, 2017, the day for triple swap payments will change from Wednesdays to Fridays. We believe this change will be fairer for our clients, as any calculations made to account for Saturdays and Sundays will now take place closer to the weekend...
In the days preceding the 2016 Italian Constitutional Referendum, which will take place on Sunday, December 4, 2016, as well as in the days following the event, market volatility is expected to increase significantly as a result of the impact that the vote may have on the country’s future in the Eurozone...
UK forex broker FxPro raises the leverage for some currency pairs with the Mexican peso (MXN) and the Swiss franc (CHF) to 1:500. This is the maximum leverage ratio offered by the broker and of course, FxPro’s dynamic leverage model applies to it...
In the days preceding the US Presidential Elections, which are scheduled to take place on November 8, 2016, as well as in the immediate aftermath of the event, it is expected that market volatility will increase, liquidity will reduce and spreads will widen, which are likely to affect several trading instruments...