Is FxPro Safe?

Yes, FxPro is a safe broker. It holds licences from the FCA (Tier 1) and CySEC (Tier 2), along with FSCA and two offshore licences. FxPro scores 85 out of 100 in our Regulation & Trust category. The dual FCA/CySEC combination is strong, and the company has been operating for 20 years since its founding in 2006. FxPro's CySEC licence is one of the oldest in the forex industry, active since 2007. The presence of both SCB and FSA Seychelles offshore entities serving international clients is a slight concern, but the core regulatory profile is solid.

Regulatory Standing

FxPro holds five licences:

The FCA licence (509956) is the primary trust signal. FCA regulation means strict capital requirements, segregated client funds under FCA conduct rules, and FSCS compensation up to GBP 85,000. FxPro has held its FCA licence for over a decade, meaning it has passed multiple supervisory review cycles and maintained compliance through various market conditions including the COVID-19 volatility.

The CySEC licence (078/07) is one of the oldest CySEC forex licences still active. Granted in 2007, it gives FxPro 19 years of continuous CySEC oversight. FxPro is headquartered in Limassol, Cyprus, and the CySEC entity is its home base. Nearly two decades of home-regulator compliance is a strong indicator that the company takes its regulatory obligations seriously. EU clients benefit from MiFID II protections, leverage caps, and the ICF covering up to EUR 20,000.

FSCA (45052) provides Tier 2 coverage for South African clients.

Two offshore entities handle international clients: SCB in the Bahamas (SIA-F184) and FSA Seychelles (SD120). Having two separate offshore entities is slightly unusual. Most brokers use one. The dual offshore presence suggests FxPro routes a significant portion of its global client base through lower-regulation jurisdictions, likely to offer higher leverage (up to 1:500) and fewer restrictions. The protections under these entities are minimal compared to the FCA or CySEC arms: no compensation fund, lighter oversight, limited regulatory recourse.

If you're outside the UK, EU, or South Africa, check which entity your account falls under before depositing. The difference between FCA protection and Seychelles protection is substantial.

Fund Protection Assessment

Segregated client funds: Yes, across all entities. FxPro keeps client funds in segregated bank accounts, separate from the company's operational capital. The FCA entity uses UK-regulated banks.

Negative balance protection: Yes, for all retail clients regardless of entity. Mandatory under FCA and CySEC rules, and FxPro extends it to its offshore entities.

Investor compensation: Through the FCA entity, UK clients are covered by the FSCS up to GBP 85,000. Through the CySEC entity, EU clients are covered by the ICF up to EUR 20,000. No compensation through the FSCA, SCB, or Seychelles entities.

The FCA entity's FSCS coverage is the highlight. GBP 85,000 is the highest compensation available in retail forex, matching what Pepperstone, IG, and CMC Markets offer through their FCA entities. The CySEC ICF adds a second layer for EU clients.

The question, as always, is which entity you actually end up trading under. FCA protection is excellent. Seychelles protection is effectively zero beyond basic fund segregation.

Company Background

FxPro was founded in 2006 in Limassol, Cyprus, under FxPro Group Limited. The company is privately held and not listed on any stock exchange.

Twenty years of operation puts FxPro in the veteran category. The company has built a recognisable brand in the forex space, particularly in Europe, the Middle East, and parts of Asia. FxPro sponsors sporting events and has invested in brand visibility over the years.

The platform offering is strong: MT4, MT5, and cTrader are all available, along with proprietary platforms FxPro Edge and the FxPro Trading Platform. Having cTrader sets FxPro apart from many competitors that only offer MetaTrader options.

No major regulatory enforcement actions against FxPro. All five licences remain active and in good standing. The company has operated through multiple market crises without incident, including the 2008 financial crash, the 2015 Swiss franc event, and the March 2020 COVID volatility.

Private ownership means no publicly available financial statements. You can't review FxPro's revenue, profit margins, or capital reserves the way you can with IG Group or XTB. Both the FCA and CySEC require regular financial reporting to the regulators, but those figures remain confidential.

Withdrawal Reliability

All deposits and withdrawals are free at FxPro. Standard processing times with e-wallets clearing same day.

Base currencies include USD, EUR, GBP, AUD, CHF, JPY, PLN, and ZAR. Eight options is decent and includes PLN and ZAR, which are less commonly offered.

The inactivity fee is $15 after 6 months of no trading. The 6-month grace period is shorter than the 12-month standard at most brokers (OANDA, FOREX.com, XTB). If you take extended breaks from trading, the fee will start eating into your balance relatively quickly. Active traders won't notice, but occasional traders should be aware.

No systemic withdrawal complaints. FxPro processes payments reliably and without hidden charges.

How FxPro Compares on Safety

FxPro's 85 places it in the upper-middle range:

Safer options: IG (98), OANDA (95), CMC Markets (92), FOREX.com (92), Pepperstone (90), and XTB (88) all score higher. These brokers have more Tier 1 licences, public listing transparency, or both.

Same tier: AvaTrade (85) and Eightcap (85) score identically. All three brokers hold FCA or ASIC licences alongside CySEC, with some offshore presence.

Below FxPro: IC Markets (82), eToro (82), FP Markets (82), Tickmill (82), ThinkMarkets (82), XM (78), Exness (72), BlackBull Markets (70), Fusion Markets (68), Moneta Markets (65), and Errante (62).

FxPro's FCA licence and long-standing CySEC licence give it an advantage over brokers that lack FCA coverage. IC Markets, XM, and Exness either don't have FCA regulation or restrict access to it.

Our Safety Verdict

FxPro is safe for UK and EU clients. The FCA licence provides top-tier protection with FSCS coverage up to GBP 85,000, and the CySEC licence is one of the longest-running in the industry. Twenty years of clean operations across multiple market cycles reinforces the trust profile.

International clients on the offshore entities get a weaker deal. Segregated funds and negative balance protection apply, but no compensation scheme and limited regulatory oversight.

Our recommendation: FxPro is a solid choice for traders who want FCA or CySEC regulation combined with cTrader, MT4, and MT5 access. The $15 inactivity fee after 6 months and the two offshore entities are the main downsides. For better overall value with comparable safety, Pepperstone offers FCA/ASIC dual regulation with no inactivity fee, tighter spreads, and TradingView support.

Regulation & Trust Score: 85 / 100

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