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July 21, 2016

Question:Can FXPro guarantee the safety of my funds? Any protection or compensation?

Answer:

FxPro takes the safety of client funds very seriously.

For this reason, all client funds are fully segregated from the company’s own funds and kept in separate bank accounts in major European banks such as Barclays Bank PLC, Credit Suisse AG, and the Royal Bank of Scotland.

This ensures that client funds cannot be used for any other purpose.

When you make a deposit to FXPro, the broker will deposit the funds to a segregated account where separated from the normal operations.

Meaning that, you deposit funds to their bank accounts, but your funds will be remained untouched until you use it through trading platforms.

Your funds are still your funds with FXPro. Fund security and withdrawals are one thing you may not need to worry about.

FxPro Official Website

Compensation fund by the authorities

In addition, FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Investor Compensation Fund (ICF).

So in case FXPro faces bankrupt or some other worst cases, and the broker is not capable of returning all funds to traders(which barely happens), these compensation funds are to refund your funds to compensate your losses.

Please note that these compensation plans are different for each regulations, and FXPro is regulated by several different brokers. Only one of them or none of them will be applied to your trading account.

For more information, please contact FXPro support from the Official Website.

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