Dialogue with FxPro: Advanced Trade Execution, No Dealing Desk Intervention
Founded in 2006, #FxProGlobal# currently serves retail and institutional clients in more than 170 countries and continues to expand its business scope. FxPro offers Contracts for Difference (CFDs) on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals and Spot Energy. We provide our clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention.
Different forex trading platforms have different profit methods, which is not unfamiliar to people who are familiar with forex investment. When they improve their investment level, they will also think about how the forex trading platform can make profits: on the one hand, it serves as a basis for judging the compliance and safety of the platform; on the other hand, it also helps them choose a suitable platform for trading.
Today we are fortunate to invite Peter Aust, the operations director of #FxProGlobal#, to have an in-depth discussion on this issue.
FxPro's success is driven by a blend of key factors. Central to this is our commitment to technological innovation, ensuring we offer cutting-edge trading platforms. A customer-centric approach, focusing on personalised services and strong client relationships, forms the core of our business strategy. We also emphasise a diverse range of market offerings, ensuring accessibility for various trader profiles. Upholding stringent regulatory compliance and prioritising security builds trust and reliability. Our skilled, dedicated team is instrumental in delivering quality services and innovative solutions. Adaptability to market changes and responsiveness to trends keep us ahead in the dynamic financial landscape. Ethical practices and responsible growth underpin our operations, while strategic marketing and strong branding effectively communicate our value proposition, setting us apart in the competitive financial industry.
In the market over the past few years, FxPro has given people a low-key, pragmatic and steady style or feeling. In 2022, your company's move seems to be a bit unconventional: it launched two new types of trading accounts at once - "MT4 Low Spread Account" and "Raw plus Account", whereas before it had only provided standard accounts. Is your company's move in line with the market, or do you have other considerations?
FxPro's introduction of the new account types in 2022, diverging from our traditional offering of standard accounts, reflects our commitment to evolving with market trends and addressing diverse trader needs. This strategic move aligns with our goal to offer a broader range of trading accounts, catering to different trading styles and preferences. By providing accounts with even better trading conditions, we aim to enhance user experience and inclusivity. This development is not just about keeping pace with the market; it's about leading through innovation and adaptability. We recognised a growing demand for varied account types among traders seeking tailored trading environments. Responding to this, we expanded our offerings, ensuring that both new and experienced traders find options that best suit their strategies, enhancing our competitive edge in the dynamic financial trading landscape.
FxPro's adoption of the No Dealing Desk (NDD) execution model is a key aspect of our trading framework, distinguishing us from Dealing Desk (DD) or Market Maker (MM) models.
This approach is the most beneficial method for both the broker and traders, allowing clients to receive the best possible Bid and Ask prices. This contrasts with the purely DD model, where the broker typically thrives on client losses and may manipulate trades, potentially leading to a conflict of interest.
As a true No Dealing Desk Execution broker, we ensure that client orders are executed without any dealing desk intervention, offering a more reliable and unbiased trading environment for our clients.
Each account provides a unique trading experience with ultra-fast execution speeds, typically under 13 milliseconds. The key differences lie in their features and functionalities, catering to varied trading preferences and strategies.
FxPro MT4: Known for its user-friendly interface, MT4 is ideal for traders who prefer a straightforward and customisable platform.
FxPro MT5: MT5 offers additional timeframes, more indicators, and extra charting tools. It's suitable for traders looking for more sophisticated technical analysis, stock trading and automated trading.
FxPro cTrader: This platform is designed for traders seeking a more intuitive interface, level II pricing, and full market depth.
To choose the most suitable platform, traders should utilise our platform/account comparison table, which is available on our official website and helps identify the account type that best aligns with their trading needs and preferences. Additionally, traders are not limited to a single option; they can have up to 5 live trading accounts of different types, allowing them to diversify their trading strategies across various platforms.
In 2024, FxPro is committed to evolving and adapting with the times, focusing on technological breakthroughs to enhance user experience and the trading environment. We anticipate integrating advanced analytics, AI-driven tools, and more intuitive interfaces to stay at the forefront of industry innovation. Our vision is to lead in offering sophisticated, yet user-friendly technologies, ensuring our traders are well-equipped to thrive in the dynamic Forex market.
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