FXPRO Financial Services Ltd

FxPro is a Cyprus-based forex and CFD broker operating under the company name FXPRO Financial Services Ltd. The broker has been in operation since its founding in 2006, as indicated by its website timeline. It serves retail and institutional clients in over 170 countries, offering a wide range of trading instruments.

According to industry databases, the broker has accumulated significant market presence over nearly two decades. Its headquarters are in Cyprus, and it maintains additional offices globally to support its international client base.

FXPRO Financial Services Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF licence number 078/07, with an Authorised status. This regulation imposes compliance with European MiFID II standards, including client fund segregation and negative balance protection.

Despite the regulatory oversight, FXCanary's risk assessment notes a 'Guarded' scam risk score of 34/100, with a flag for 'No verifiable website or social-media presence'. However, our cross-referencing with official registry data confirms the licence, and the broker's web presence is extensive through fxpro.com. The risk flag appears inconsistent with the available public information but is recorded as provided in our source data.

FxPro offers Contracts for Difference (CFDs) across six asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energy. The broker provides access to top-tier liquidity and claims to offer deep market coverage.

The instruments available on the platform include major, minor, and exotic forex pairs, as well as popular stock CFDs, indices like the S&P 500, and commodities such as gold and oil. The broker also provides cryptocurrency CFDs, though availability may vary by entity due to regulatory restrictions.

The broker provides several account options to cater to different trading preferences. The MT4 Instant account features fixed spreads and zero commission, while the cTrader RAW account offers variable raw spreads with a commission per trade. Professional clients may be eligible for higher leverage.

FxPro also supports a demo account for new traders to test strategies without financial risk. Additionally, the broker's PAMM (Percentage Allocation Money Management) accounts allow experienced traders to manage funds for multiple investors.

FxPro offers four main trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and its proprietary FxPro WebTrader. Each platform caters to different trading styles, with MT4 and MT5 being industry standards for automated trading, and cTrader noted for its advanced charting and order execution.

The proprietary FxPro WebTrader offers a browser-based solution with no download required. The mobile app is available for iOS and Android, enabling trading on the go. The broker highlights that all platforms feature No Dealing Desk (NDD) execution, with co-located servers in Equinix LD4 for low latency.

FxPro supports 13 base currencies and a variety of funding methods, including credit/debit cards, bank wire transfers, and e-wallets such as Skrill and Neteller. Deposits are typically processed instantly, while withdrawals are handled promptly, according to the broker.

There are no fees charged by FxPro for deposits or withdrawals, but third-party payment providers may impose their own charges. The minimum deposit requirement is not explicitly stated on the website, but industry sources suggest it is $100 for standard accounts.

The broker provides customer support 24/5 via live chat, email, and phone. Dedicated account managers are available for priority clients. The website includes an extensive FAQ section covering accounts, trading, and technical issues.

FxPro also offers educational materials, including webinars, video tutorials, and a market news feed to assist traders. The broker's help centre is accessible in multiple languages to accommodate its international client base.