Forex broker FxPro has recently closed its Australian offices and will consolidate its activity in Cyprus and in London. The Cyprus based, FSA regulated ECN broker now redirects traffic from its Australian site back to the main site.
Here is what we heard from FxPro:
“FxPro took the strategic decision to close its Australian office as a means of consolidating our operations and better servicing our client-base. By doing this primarily from our Cyprus headquarters (and London office), we found we can offer a more continuous 24/5 product and back-office support to our clients globally. This can often mean quicker processing of payments whilst still being able to service clients in Asia in languages currently supported from Europe. Furthermore, we are aiming to offer a number of new products in the coming months, which we feel we can better manage, promote and support from our European offices.”
For more information, here is the coverage by Forex Magnates.