Last updated on April 24, 2014 at 11:28 EDT

FxPro Announces Launch of Australian Business

November 16, 2011

SYDNEY, November 16, 2011 /PRNewswire/ –

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: http://www.fxpro.com.au

About FxPro

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 http://www.fxpro.com.

        Notes to Media

        For further information, please contact:

        Mark Bringans
        Managing Director
        FxPro Australia
        Tel: +61(0)435-582-886
        Email:  m.bringans@fxpro.com.au

        James Marshall
        Head of PR and Communications
        Tel: +44(0)207-776-9721
        Email:  j.marshall@fxpro.com


Source: PR Newswire