FPFX Expands to Cyprus to Support Prop Trading Growth
FPFX Technologies brings a new office to Limassol, Cyprus. The expansion serves the growing interest in proprietary trading among regulated brokers. The company aims to provide advanced automation and risk management solutions.
Why Cyprus?
The new unit, FPFX Tech CY Ltd, is based in Limassol. The company can provide direct and localized support to brokers. Being in this location allows FPFX to actively engage with regulated firms interested in proprietary trading.
Market Insights from FPFX Survey
An FPFX survey shows 78% of trader-funded firm clients are men. Above 60% of users come from Gen Z and Millennial age groups. Just 14% of traders complete the challenge and secure a funded account. Among them, 45% go on to receive payouts. The average payout equals 4% of the trader’s plan size.
Benefits for Traders
This update will offer these benefits to users:
Faster Access to Prop Trading Tools
With FPFX now based in Cyprus, traders in Europe and nearby regions can get quicker access to trading automation and risk management tools. It reduces delays in onboarding and setup.
Better Support from Local Teams
Traders have improved customer support due to FPFX’s local presence. Fast resolutions and communications for updates or changes in tools benefit traders.
Improved Success Rates
Automation tools help eradicate manual errors and speed up trade execution. This can increase efficiency for funded traders and reduce the chances of failed evaluations due to avoidable mistakes.
Transparent Payout Structures
With better risk management in place, traders are more likely to work with firms that follow clear and consistent payout systems. FPFX’s survey already shows that 45% of funded traders receive payouts, and tools supporting transparency can help improve this rate.
About FPFX Technologies
FPFX Technologies is a U.S.-based software company founded in 2020. It provides SaaS solutions for proprietary trading firms and brokerages. The Prop Trading Tech Kit is the company’s flagship product. It offers end-to-end automation, including custom trading plans, account creation, risk monitoring, and real-time trading contests. FPFX Technologies has administered more than 150 prop firms in launching their operations, automating complex workflows, and enhancing trader engagement.
Summing Up
FPFX Technologies is establishing itself as a core tech partner for brokers moving into proprietary trading. The Cyprus office strives to deepen support and collaboration with regulated European firms.
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