Exclusive Interview: In Talks with Elsy Rayess, Chief Business Development Officer of FxPro

BrokersView Exclusive Interview...BrokersView recently got a chance to have Elsy Rayess, Chief Business Development Officer of FxPro, a global leader in CFD trading and Spread Betting, to join us for an interview. She shared the company's impressive achievements in 2022, and how FxPro became one of the premier brokers in the industry.

● Could you please give us a brief introduction to yourself and FxPro?

My name is Elsy Rayess - Chief Business Development Officer.

With over a decade of experience with the company, I am thrilled to be working as the Chief Business Development Officer here at FxPro. Throughout my tenure, I have been dedicated to expanding our business and driving growth. My deep understanding of the market, coupled with my expertise in business development strategies, has been instrumental in the success of our company, especially in the MENA region. I take great pride in delivering exceptional results, and my passion for excellence drives me to strive continuously for success. I am proud to be a part of this team, and I am excited to see what the future holds for our company.

Founded in 2006, FxPro is considered the world's best trading broker, now with over 100 industry awards, and it caters to retail and institutional clients from over 170 countries worldwide. We offer over 2100+ CFDs in FX, Metals, Shares, Indices, Futures, Energy and Cryptos.

With a wide range of trading account types and platforms, we have something for every type of trader!

● How was FxPro's 2022? Any remarkable achievements?

At FxPro, we are incredibly proud to have reached the milestone of 100 industry awards last year. These awards serve as a recognition of the dedication and hard work that our team puts in every day to provide our clients with the best possible trading experience.

One of the most exciting new offerings we launched last year was a range of new account types, including a RAW spread account type, under our new entity authorised and regulated by the FSCA.

This allows our traders to take advantage of low-cost trading alongside advanced order execution and a wide range of trading tools.

● How did FxPro become one of the leading brokers in the market?

Since our founding in 2006, FxPro has been on a mission to establish itself as a leading player in the retail forex market. Our vision and determination have driven us to become one of the biggest and most reputable online brokers in the industry today. Throughout the years, we have expanded our reach and solidified our reputation as a dependable and professional partner for traders all over the world.

The opening of our Dubai branch has helped drastically expand our presence in the MENA region and provide direct local services to meet the needs of our clients and partners.

In terms of trading conditions, clients residing in the MENA region are able to utilise leverage up to 1:500 with spreads starting from 0 on the Raw+ account, as well as a wide range of other accounts via Metatrader 4, Metatrader 5 or cTrader. All of the account types are available with competitive Swap-free conditions.

We also offer a highly competitive IB program for our partners. The program provides excellent conditions and incentives for Introducing Partners to promote our trading services to potential clients. The IB program offers a highly attractive commission structure, which includes industry-leading rebates, as well as other benefits such as flexible withdrawal options, marketing tools, and dedicated account management. Additionally, FxPro's trading platform and tools are of the highest quality and provide an optimal trading experience for clients, which can result in more successful client acquisition and retention by IBs. The program also offers a variety of marketing materials, as well as analytics and reporting tools, for Introducing Partners to use in their client acquisition efforts. Overall, FxPro's IB program is designed to help partners succeed by providing them with the resources, support, and incentives they need to grow their business.

● Can you tell us a little bit more about FxPro proprietary trading platform? How do you foresee the future of forex brokers after Apple's ban on MetaTrader?

FxPro's proprietary trading app for iOS and Android is a powerful tool for traders on the go. The app features advanced charting capabilities and quick trading execution, allowing users to stay on top of the market and make informed trading decisions from anywhere. One of the app's key features is its compatibility with FxPro's Metatrader accounts, making it a convenient and efficient way for our traders to trade directly with us without needing to install the default Metatrader App. Our app is well-designed with a user-friendly interface, which makes it easy for traders of all levels to use and navigate. Our app is the perfect all-in-one solution for traders!

● What can you expect in the investment market in 2023? Any suggestions to forex traders?

In terms of Forex, the downtrend for EURUSD appears to have already been broken in December, which could pave the way for the currency to reach the 1.1200-1.1250 range by the end of 2023. As for GBPUSD, there is still uncertainty around the breakdown of the downtrend, but it is a potential outcome by the end of the year, with the currency pair possibly reaching 1.24 after experiencing a dip in the upcoming weeks. The performance of the yen in 2023 may be noteworthy if the Central Bank of Japan chooses to abandon its negative rate policy, as predicted by some experts, which could cause the USDJPY to fall by over 10% and potentially drop below 116.

For forecasts and analysis from our Market Analysts, we suggest checking out our dedicated news site FxPro.News where you can find market comments on the latest economic events and market trends.

● What plan do you have in 2023?

In 2023, FxPro plans to continue its tradition of innovation and improvement by introducing new features and services to enhance the trading experience for its clients. For example, the company may be looking to implement new technology to enhance its trading platforms and analytical tools. Additionally, FxPro may also look to expand its offerings by adding new instruments and asset classes, providing clients with even more options to trade and diversify their trading portfolios.

Furthermore, the company is always looking to improve services by providing resources and support to its partners and enhancing communication in multiple languages to cater to clients from different backgrounds and cultures.

Watch this space and follow us on social media for updates!