FxPro UK has tripled both its revenues and trading volumes

3 October, 2016

According to FxPro’s annual accounts filed yesterday with the UK Companies House, the broker has tripled both its revenues and trading volumes in 2015. The total revenue of FxProfor the previous year was nearly £2 million, shows the accounts report, while in 2014 the company registered a net loss of £63 537.

At the same time, throughout 2015 trading volumes at FxPro UK amounted to $63.5 billion, a figure which is almost three times higher than 2014’s $22.8 billion. This is mainly due to the client number increase, along with a rise in trading activity because of greater market volatility in 2015.

What is more, according to the document, which was drawn up this March and filed with UK’s Companies House on September 27, the company has turned a profit of £1.12 million, while the total assets amounted to £2.02 million. As a result of the profits of the year, the company’s net assets rose to £1.5 million. Cash and cash equivalents also increased to £1.97 million. 

Besides, the report outlined some risks for FxPro, the main being financial uncertainties, operational and systems failures, compliance, litigation and reputation risks.

In line with its transparency policy, earlier in August the brokerage revealed key execution statistics for the second quarter of 2016, ending June 30. According to the data provided, orders executed with positive slippage continued to dominate in Q2, rising to almost 50%, and requotes shrink further.

FxPro is a leading online brokerage, regulated by Cyprus’ Securities and Exchange Commission (CySEC) and UK’s Financial Conduct Authority (FCA). The broker operates as a Hybrid Agency Model broker, offering Negative Balance Protection and enabling clients to access top-tier liquidity. It offers complete services for all retail forex market segments, as well as trading with futures, indices, metals, shares, and CFDs.


Source link  
Triple Swap Payments to Change from Wednesdays to Fridays

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...

FxPro Trading Conditions during the 2016 Italian Constitutional Referendum

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...

FxPro reducås margins for certain MXN, CHF forex pairs

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...


Trading Conditions during 2016 US Presidential Election

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...

FxPro Now On Telegram

We are pleased to announce the launch of FxPro’s new Telegram channel! Telegram is a messaging app, focused on speed and security, available across many platforms including desktop, mobile, and web versions...

FxPro Announces Q3 2016 Execution Statistics

Online broker FxPro is pleased to announce key execution statistics registered during the months of July, August, and September 2016, honouring its commitment to disclose these metrics on a quarterly basis...


FxPro announces partial stop-out policy on cTrader forex platform

Forex brokerage FxPro will alter as of 17 October, 2016 its stop-out policy for the cTrader trading platform and will start closing trader positions that fall under the minimum margin requirement only partially, instead of completely...

FxPro Reveals Execution Data for Q2 2016

Online broker FxPro today announces key execution statistics registered during the months of April, May and June 2016. During a particularly volatile second quarter, slippage percentages reached the following levels...

FxPro Trading Conditions Return to Normal

As a result of the outcome of the referendum we expect volatility to continue over the next weeks however not at the levels we have seen last Thursday and Friday...

  


Share: