2 March 2015, London. 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:
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
Average No. Trades Daily
Average Volume Daily
(YoY = Feb 2014-Feb 2015)
(MoM = Jan 2015-Feb 2015)
FxPro is an award-winning online broker, serving retail and institutional clients in more than 170 countries. FxPro provides access to competitive pricing and deep liquidity with no-dealing-desk intervention (subject to the FxPro Order Execution Policy) via its advanced trading platforms, superior execution technologies and algorithmic tools.
FxPro Group Limited is the holding company of FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets MENA Limited and FxPro Global Markets Limited.
FxPro Group Limited is the holding company of FxPro UK Limited, FxPro Financial Services Ltd, FxPro Global Markets MENA Limited, and FxPro Global Markets Ltd. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956). FxPro Financial Services Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) and by the Financial Services Board (authorisation no. 45052). FxPro Global Markets MENA Limited is authorised and regulated by the Dubai Financial Services Authority (reference no. F003333). FxPro Global Markets Ltd is authorised and regulated by the Securities Commission of the Bahamas (licence no. SIA-F184).