FxPro Executes Record Number of Trades as US Dollar Slid on Tuesday
The broker has surpassed its previous record number of trades by almost 60% as the euro staged its biggest single
According to a company announcement made by FxPro, the company has executed a record number of trades on Tuesday, the 3rd of February 2015. The firm highlighted that for the 24 hours, it executed 199,397 trades, which was higher by almost 60% when compared to the previous figure of 124,778.
The company has also registered record trading volume for the day, stating that it surpassed its previous record by 13.8%. FxPro has recently announced a new MT5 offering and started its prime-of-prime solution following up on the acquisition of Quotix.
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In the aftermath of the Swiss National Bank-caused debacle on January 15th, the company issued a statement outlining that it remained well capitalized.
The company’s CEO, Charalambos Psimolophitis, said in the announcement, “These are extremely encouraging figures, especially since our previous high points were made during real boom periods for the industry. We invest heavily in our technology, allowing us to seamlessly execute such high numbers of orders.”
Yesterday the company revealed some month-on-month growth numbers, stating that the number of new clients has grown by 46%, which expanded volumes by 16% in January when compared to December 2014.
Stating vague numbers in a desperate attempt to show unaffected from the more than $30 million loss during the SNB intervention.
Vague numbers? Looks pretty clear to me that FxPro are seeing tremendous growth! Nearly 200,000 trades in a day is amazing! Not sure where the previous poster got his number from regarding the loss? Regardless, the comments made post SNB by FxPro stating their regulatory capital requirements are strong, guaranteeing their clients negative balance protection and the publication of these impressive numbers above show to me that FxPro is growing its client base and volumes significantly. Surely they must be doing something right?
@Steven, even if they have losses for 30 millions – it’s from capital, means from the company profit …. what you should say instead – is that FxPro is only one agency model broker to keep promises and not changing negative balance policy on their website after 15th and then go chasing clients to recover losses…
they just deducted 30 mln profit from shareholders profits, not like fxcm,saxo and others
really, Chapeau for FxPro !
@EdA,
I am not shocked with these numbers, they will be the biggest FX broker in 6-9 months , except these japanese lowcosters
@Eda
Obviously employing you to write fake comments to defend them was something they got wrong.
I agree on Vague.
Growing from 1 bln volume to 2bln volume also shows 100 percent growth.
Also 200000 trades of 0.01 lots is the same as 2000 trades of 1 lot.
I wonder why the rest of brokers do not follow their example with NBP service. Their banners now advertise NBP. Does anyone know who else of brokers offer this NBP service? Most important is that they have it in their contract.
Rephrasing
Employing you and Jonny Catswill to write fake comments to defend them was something they got wrong
@George,
how are the things at ironfx? already bankrupt or still waiting for chinese new year to announce this ? I’ve seen you guys going from asia to another pole to crap your pants there as well, good luck
and not, I am not paid by fxpro to post here, I am an ex alpari uk client, now trading with fxpro. But I know the industry very well
cheers
please inform us what they are gilty of to be defended because I do not undestand and would be thankful to you to learn. My purpose to promote the idea of NBP service among other brokers because I am a trader but still do not see any rush among them to grab this opportunity to expand their business.
Whats NBP service?
As for FxPro – great job guys. Way to go for everyone. There are very smart people behind all decisions there.
Pete,
NBP is Negative Balance Protection.