FxPro Encourages Greater Transparency in the FX Industry, as a Result Increasing Average Daily Trades by 104% YoY
02 Mar, 2015, 07:00 GMT
LONDON, March 2, 2015 /PRNewswire/ --
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:
- Positive = 53.8%
- At Quote = 29.8%
- Negative = 16.4%
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." Charalambos 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)
Notes to Media
About FxPro
FxPro is multi-award-winning FX broker that has its interests completely aligned with its clients. Via its exceptionally deep pool of liquidity FxPro aims to be the leading provider of FX solutions for both institutional and retail clients, which it currently serves in over 150 countries with advanced trading platforms and algorithmic tools. FxPro aims to help its clients become more profitable.
FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07).
Risk Warning
Trading CFDs involves a high risk of loss.
Media Contact
Media Relations
FxPro
+44(0)20-7776-9720
Email: pr@fxpro.com
SOURCE FxPro