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Written by: Adam N. Updated: Dec 2022
Expert verified

FxPro is not scam

The reason: FxPro is considered reliable as it has multiple top-tier regulation globally, such as the UK FCA.

See below the full list of regulators (country of clients - regulatory body):

  • UK - Financial Conduct Authority (FCA)
  • EEA - Cyprus Securities and Exchange Commission (CySEC)
  • Rest of the world - Securities Commission of the Bahamas

Is FxPro scam?
Other factors ensuring that FxPro is not a scam

See whether FxPro clients are entitled to investor protection in the event that FxPro goes bankrupt:

FxPro investor protection
Investor protection amount: £85,000 for cliens under FCA, €20,000 under CySEC, no protection under Bahamas

There are other factors you can check to make sure FxPro is not a scam. Having been on the market for a long time or being listed on an exchange are all signs that the broker is reliable. Check these factors below.

🌎 Country of origin Cyprus
📅 Foundation date 2,006
🏛 Banking background No
📈 Listed on exchange No
🗺️ Broker ownership is transparent No
👔 Broker management is transparent Yes
🔒 Negative balance protection is provided Yes
📋 Read more Check out the FxPro review for 2023

Is FxPro scam?
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Author of this article

Adam Nasli

Author of this article

Adam is a motivated finance expert. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Adam Nasli

Analyst Head

Adam is a motivated finance expert. He joined BrokerChooser in 2018 and has since tested almost all 100+ brokers covered by BrokerChooser. Adam holds a professional degree from CEU and he helps teach finance and programming courses at his alma mater. Previously he worked in the banking sector, including at Citi Bank. He loves researching the financial industry, managing his long-term investments, and trading with algorithms.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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