FxPro

FxPro was founded in 2002 as a foreign exchange broker EuroOrient Securities & Financial Services Ltd in Cyprus. 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.

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. The acquired clients were transferred to Cyprus and UK jurisdiction.

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.

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.

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

In September 2021, FxPro invested $12 million in a new regional headquarters in The Bahamas.

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

FxPro account types include MT4, MT5, cTrader, and FxPro Edge.

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. 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.

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

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