Is FXPro safe to trade Forex with? What are their safety measures?
FXPro protects its investors
FxPro takes serious precautionary measures to ensure that your personal details are held in absolute confidence.
Your passwords are encrypted and your personal details are stored on secure servers and cannot be accessed by anyone, with the exception of a very small number of authorized members of staff.
In order to open a trading account with FXPro, it is required to provide your personal information and some documents(ID and Proof of Address) to prove these information provided.
It is a necessarily KYC(know your customers) procedures required by each financial regulatory authorities.
As FXPro is a regulated and licensed Forex broker, everyone who opens an account with the broker needs to follow these steps.
Please note that these KYC processes are required by all Forex brokers unless the broker you are opening an account does not follow any laws or regulated.
Fund Safety with Compensation Fund
FXPro strives to establish the highest standards of safety for our clients’ funds.
For this reason, all client funds are insured in major international banks and are fully segregated from the company’s own funds.
Traders’ accounts under UK FCA and Cypriot CySEC regulations are also applicable to Compensation Fund which protects traders in case the company fails to meet its obligation.
Here are some numbers that show how FXPro is begin a trustworthy broker. (in 2019)
- €100.000.000 company capital (actual Tier 1)
- 15+ successful years in the industry
- 55+ international awards
- 7 global sponsorships