NorthFinance bought by Fxpro.com

Fxpro, who belongs to EuroOrient Securities and Financial Services Ltd, will be now the owner of NorthFinance Broker on June 1st 2008.

Here is part of the letter from NorthFinance:

We would like to inform you about our decision to accept the offer from EuroOrient Securities and Financial Services Ltd, owners of FxPro.com, and sell to them the operations of North Finance as of June 1^st 2008. The reasons that let us to take this decision are the many changes that have taken place recently which affected our industry and in particular the provision of online trading services for Forex and CFDs.

Due to various events and the increasing demand from investors and regulators, the whole industry is moving under the supervision and regulation by competent financial authorities. We believe that our decision will benefit our common clients.

Who are EuroOrient and FxPro.com

EuroOrient is a European company, registered in the Republic of Cyprus (certificate 181344) and it is regulated in the European Union by the Cyprus Securities and Exchange Commission under license 078/07. The trade name “FxPro” and the domain “www.FxPro.com” are owned by EuroOrient. You can verify the information on EuroOrient and FxPro by visiting the websites www.FxPro.com and www.EuroOrient.eu.

FxPro offers competitive dealing spreads starting from 1.8 pips, plus other superior trading conditions to investors who would like to trade in CFDs for Forex, Stocks, Futures, Precious Metals; more than 120 financial instruments in total. FxPro provides investors with the highest standards of professional service and operates a 24/5 multilingual customer support. 

Clients Need to Transfer to FxPro.com by 31^st of May 2008

Clients in order to continue trading with the existing terms and conditions after EuroOrient takes over the operations of North Finance on 1^st June 2008, they need to follow 3 simple steps and accept their Terms and Conditions. By following this procedure, as of 00:01am (GMT+2) on 1^st June 2008, the clients will automatically become Clients of EuroOrient Securities and Financial Services Ltd. Until the 31^st of May 2008, all accounts (Cash Balance and Open Positions) will be under the responsibility of North Finance Co Ltd. All OPEN Positions and Positive Cash Balance of each account will be transferred safely to EuroOrient Securities and Financial Services Ltd where clients can access their account(s) with the same Login and Password Codes at no extra cost and no hassle.

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