FxPro Announces Launch of Australian BusinessBy Fxpro, PRNE
Tuesday, November 15, 2011
SYDNEY, November 16, 2011 -
FxPro Financial Services Ltd (FxPro), a leading global forex broker today announced the launch of its Australian business - FxPro Australia Pty Ltd (FxPro Australia).
FxPro Australia’s Sydney office will also serve as the base for the expansion of FxPro’s Asia operations - with Asian clients currently accounting for 49% of its trading volumes.
FxPro has achieved substantial success since its launch in 2006, and it has gone from strength to strength over the past 12 months. Volumes traded on its online platform were $589 billion in the first half of 2011 and it is on track to have another record year.
The award-winning provider of online forex trading services to both retail and institutional clients in more than 150 countries has offices in London, Vienna, Moscow, Madrid, Nice and Limassol. The launching of an Australian business was the logical next step in expanding the forex broker’s global footprint.
Forex trading has become increasingly popular with Australian investors as an effective way to hedge their portfolios at a time of global economic uncertainty - as returns are non-correlated to traditional investments like property and shares. In addition the forex market is the most liquid in the world with average trading volumes estimated at US$4 trillion by the Bank of International Settlement (BIS) - and is open 24 hours a day.
Denis Sukhotin, Founder of FxPro, commented: “Australia is a key market for FxPro, and we are committed to developing the strength of our operations in the region. The Australian Dollar is one of the most popularly traded currencies on our platform at a time when both investors and traders are troubled by developments in both Europe and North America. Our Sydney office will also serve as the base for the expansion of our operations in Asia.”
Mark Bringans, Managing Director, FxPro Australia, commented: “FxPro has already seen significant interest from Australian based traders wanting to access our full range of web based, desktop and mobile trading platforms. We offer fast and easy access to the 60 most widely traded currency pairs and all the most popular soft and hard commodities. Our clients can choose from the popular MT4 platform or FxPro cTrader - the ECN (Electronic Communication Network) solution launched in April this year.”
FxPro Australia Pty Ltd (ABN 68 143 740 603) is authorised and regulated by the Australian Securities and Investment Commission (ASIC), to deal and give advice in relation to foreign exchange contracts and derivatives. This licence can be viewed by following this link to the ASIC website: (AFS Licence number 405750).
The platform can be accessed at: www.fxpro.com.au
FxPro is an award-winning forex broker providing retail and institutional offerings to clients in 150 countries. FxPro offers trading access through a range of platforms including the innovative ECN platform - FxPro cTrader - supported by industry-leading market news and outstanding levels of customer support 24 hours a day. FxPro’s goal is to be the world’s preferred forex broker and it has become the first choice for forex traders needing user-friendly market access and superior trading infrastructure.
With offices in the United Kingdom, Austria, Cyprus, France, Russia and Spain, FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence number 078/07, and operates under the EU Markets in Financial Instruments Directive (MiFID).
In Australia, FxPro Australia Pty Ltd (ABN 68 143 740 603) is authorised and regulated by the Australian Securities and Investment Commission (ASIC), license number 405750. Registered address Suite 306, 15 Lime Street, Sydney NSW 2000.
FxPro UK Limited is authorised and regulated in the United Kingdom by the Financial Services Authority (FSA), registration number 509956. Registered address 13/14 Basinghall Street, London, EC2V 5BQ.
For further information, please visit www.fxpro.com.
Notes to Media
For further information, please contact:
Head of PR and Communications
Tags: australia, Fxpro, November 16, Sydney