Without any doubt, these are hard times for the entire global trading and investment community. As the financial and economic uncertainty keeps building up, financial markets go volatile and and uncertain as well. Under such circumstances, Forex traders are forced to seek truly reliable FX brokers, especially after several big-scale FX brokers went bankrupt following the SNB’s decision to unpeg the Swiss Franc from the Euro earlier this year.
FxPro is one of those major FX brokers who remain stable and reliable at all times while their popularity grows. According to Forex Magnates, FxPro is among the TOP 10 retail FX brokers with clients from over 150 countries of the world. The representatives of this Forex broker say that this is the result of big efforts to back the guarantees of security, safety of client funds and excellent trading conditions along with transparency and flexibility.
Safety of Client Funds as a Core Value
As we all know, sometimes even the most sophisticated agreements between the trader and the broker cannot guarantee safety of client capital. As we have just mentioned above, so far, there have been many cases of FX broker bankruptcies triggered by various force-majeure events. This has been a true stress test for the entire FX brokerage industry. Only those companies with a solid foundation backed by sufficient liquidity and risk insurance managed to come of clear. FxPro is clearly one of them.
According to FxPro, the company’s efforts are aimed at becoming the world’s leading provider of FX brokerage services for both retail and institutional clients. In order to achieve this ambitious goal, excellent trading conditions and security guarantees are not enough these days. It is necessary to do your best to advance in each of the aspects continuously. In other words, progress is needed at all times.
It should be noted that FxPro has been successful in this business so far, which can be confirmed by several international awards. Still, the reader is probably focused on those things that can let FxPro guarantee stability and security.
First off, FxPro is regulated by FCA (UK) as well as CySEC, which means that FxPro’s business complies with every single standard and requirement in the industry. Still, this is just the beginning. Trader capital is ensured by the FSCS and ICF. This means that if the trader loses the capital as the result of force-majeure market events, the loss will be covered by the insurance. Still, FxPro does its best to avoid risky market situations and reduce the effect of such events to the minimum. This means that the ways the company handles liquidity can be viewed as an extra guarantee in terms of safety of client funds
At the same time, client funds are kept on segregated accounts separately from the company’s funds. That is why the company cannot abuse the trader’s money including some shady transactions without the trader’s consent. The is a strict rule that must be complied with and is subject to frequent audits by PWC – a well-known international financial auditor.
Another extra guarantee is the fact that FxPro cooperates with major European banks acting as liquidity providers - Barclays Bank PLC, Credit Suisse AG and Royal Bank of Scotland . By working with such big-scale liquidity providers you get two benefits at a time. Firstly, whatever the current market volatility is, FxPro never runs out of liquidity to cover trader orders. Secondly, major banks deliver liquidity on beneficial terms. Simply put, their liquidity is cheaper to access.
On top of that, FxPro introduced an automated system monitoring transactions and handling risks. The system makes it possible to secure the trader’s equity against a negative balance. Simply put, the trader’s equity can only be equal to zero or positive. This is an extra security feature.
Excellent Trading Conditions as a Core Value
When your trading capital is secure, the next thing you expect from a decent FX broker is beneficial trading conditions. If you need detailed info on the types of trading accounts as well as trading and investment conditions, please feel free to visit FxPro’s official website - http://www.fxpro.co.uk
For now, we will take a look at some of the features. According to FxPro, relatively cheap liquidity provided by major banks is not the only benefit contributing to your overall success in FX trading. Last year, FxPro stated using the “Quotix” FX liquidity aggregator, which allowed the company back full control over FX liquidity while improving the cooperation with institutional investors. The new aggregator also improved the speed at which client order are executed, thereby having a positive impact on liquidity and pricing.
It is not a secret that liquidity plays one of the key roles in backing the reliability and quality of brokerage services. FxPro has been successful in overcoming those challenges by diversifying its business at the expense of expanding the list of liquidity providers. At this point, there are 12 of them.
Another interesting improvement to pay attention to is the introduction of a new type of live accounts for institutional traders. It is called SuperTrader. This type of accounts also has a demo version and can be accessed through any trading software offered by FxPro. If you need more info on SuperTrader, please feel free to visit this page - http://fxpro-supertrader.com/
