FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (‘CySEC’; licence no. 078/07) and by the South Africa Financial Services Board (‘FSB’; authorisation no. 45052).
FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (‘FCA’; authorisation no. 509956).
Under the European Union’s MiFID (Markets in Financial Instruments Directive), FxPro Financial Services Limited and FxPro UK Limited are permitted to passport their services into any EU jurisdiction.
Licenses and Over 10 years of experience
CySEC is known as the most popular financial license for online Forex brokers.
No one can guarantee the safest environment to deposit and trade though, being regulated by CySEC means a lot for traders too.
By December 2018, FXPro has announced that more than 870,000 client accounts are opened.
With 10 years in the industry, we can see that the broker is one of the largest in the world.
Different Authorities for different countries
Please note that even though FXPro has acquired a number of financial licenses mainly in Europe though, that doesn’t mean that your trading accounts and funds are protected by all these laws.
But FXPro will follow the rules of each jurisdictions according to the regulation where you have opened your account under.
Meaning that if you have opened an account with FXPro under CySEC, then the laws and compensation plans by UK authority are another story for you in this case.
You can find out which regulation and which company you are opening your account with by referring to their “terms and conditions” when you open your account.
For more information, please contact FXPro’s support team from the Official Website.