Published on the 26/01/2011 | Written by Newsdesk

Foreign exchange retail broker FXPro Financial Services has got its eye on the Australasian market…

FXPro has announced plans to expand its global reach and product offering this month after strong net profits in 2010.

It follows the online trader’s launch of innovative BlackBerry(R) and iPhone-based mobile trading platforms last year.

FXPro’s founder Denis Sukhotin says 2011 is also set to be a big one.

“FxPro will expand its on-the-ground presence in key growth markets and enhance its services portfolio with a number of innovative new products. Providing all of our clients worldwide with the highest standards of service and research, and the very best spreads and pricing in the industry, remains central to our offering. Our goal is to be the world’s preferred FX broker and everyone associated with FxPro is focused on delivering upon that charter,” Mr Sukhotin says.

FXPro has headquarters in Cyprus with offices in the United Kingdom, France, Spain, Austria and Russia. Its 130 staff assist clients in over 149 countries with FX and financial derivative products including shares, spot metals and futures.

The company is also looking at opportunities in Asia and the Middle East.

FXPro attributes its net profit, which more than doubled from 2009, to increased efficiencies and a focus on providing consumer-centric services for retail traders across the globe.

The company’s trading volumes grew by over 20 percent from $440 billion in 2009 to $520 billion.

FX Pro was named Forex Provider of the Year at the FT Investors Chronicle Awards 2010. The company sponsors sports teams including premiere English league’s Aston Villa Football Club and Sir Richard Branson’s Formula 1’s syndicate Virgin Racing.