FxPro – what we know and have as facts about it; FxPro Group Limited is the holding company of FxPro Financial Services Ltd, FxPro UK Limited, and FxPro Global Markets Ltd. FxPro UK Limited is authorized and regulated by the Financial Conduct Authority (FCA) under registration number 509956. FxPro Financial Services Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 078/07 and by the Financial Sector Conduct Authority (FSCA) in South Africa under reference number 45052. FxPro Global Markets Ltd is authorized and regulated by the Securities Commission of the Bahamas (SCB) under license number SIA-F184. These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Client Agreement text that although FxPro may transmit client orders for execution to liquidity providers, FxPro is the sole counterparty to customer trades. This means that FxPro acts as a market maker. In general, dealing with market makers involves a conflict of interest because they do not transmit customer deals and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about deleted profitable deals and posting fake positive reviews.
So far, we have not received any complaints from customers of FxPro. If you have any criticism to share with us or feel annoyed by FxPro, please fill out the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and FxPro if you wish.