FxPro strengthens business commitment to the Bahamas

FxPro Group, a leading financial services company licensed in the UK, the EU and The Bahamas, announced that it has broken ground for a new $12+ million-dollar office building at Lyford Cay.

The company have purchased a double commercial lot on West Bay Street with the approval to build a 16,000 square foot office building for the sole use of FxPro Group Ltd & BankPro Ltd. It will include working space along with associated staff and meeting areas.

The design has been completed by N & M architects of Sandyport, Nassau, and the main contractors are the Mosko Group and the Bahamas Environmental Group. This project will create numerous job opportunities for Bahamians in both construction and business operations.

The groundbreaking ceremony on September 21st was hosted by John Roll, Governor of the Central Bank of the Bahamas, and Christina Roll, Executive Director of the Bahamas Securities Commission, as well as Nick Wright of FxPro Global Markets and Andrew Pike of BankPro Bahamas.

Nick Wright commented: “Having been established in the EU for some years, we initially applied to the Securities Commission back in 2016 and were the first online CFD broker to be granted a license here the following year. Opening an online bank was always a group ambition, and we have been working closely with the Central Bank of The Bahamas, which has now granted us a license in order to achieve this”.

The unique selling point of BankPro is that it is entirely digital. Customers will open an online account and conduct all their transactions using their smart devices. A key advantage for BankPro is that it offers standard banking services alongside trading and digital investing on thousands of stocks.

An official launch date of this application is expected to be set in early November.