FxPro: what a reader should check before opening an account

The legal entity and the regulator's register

The FxPro group operates through several regulated entities: one authorised by the FCA in the United Kingdom, one by CySEC in Cyprus, and one by the Securities Commission of The Bahamas. Which entity serves a client depends on the country of residence and is named in the client agreement. This site is not the broker, is not a regulator and takes no money from the reader.

A reader should look up the named legal entity in the regulator's own register to see the status and the permissions granted. The regulator's register is the primary record; the broker's own pages are secondary. If the client agreement does not name a legal entity and a regulator, that is a gap worth questioning before any money is sent.

What a company record, a regulator's register and a domain date would each show

A foreign broker's company record in its home jurisdiction shows incorporation and filing status, but not permission to take client money. A regulator's register shows what the entity is allowed to do and whether any disciplinary action is recorded. A domain date shows only when the website's domain was created, which can be transferred or hidden behind a privacy service.

None of these records, on their own, proves that a platform is safe or that a client's money is protected. The reader should look at all three together, and then read the client agreement and the risk warning. The domain date is the weakest of the three: it says nothing about the operator or the service.

What to read in the client agreement and the risk warning

Before opening an account, a reader should read the client agreement and the risk warning in full. The client agreement states which legal entity will serve the reader, which regulator supervises that entity, and what protections apply, such as negative balance protection and client money segregation. It also states the fees, the platforms offered, and the retail leverage limits.

The risk warning states that CFDs are leveraged and carry a high risk of losing the money deposited. A practice account exists, and the reader can use it to see the platforms and the order screens before risking any money. This site does not give advice and does not tell the reader what to do; it only points to the records that should be read.

An FxPro account is held with a group company that is authorised abroad, by the FCA in the United Kingdom and CySEC in Cyprus, not by SEBI. A resident of India who opens one is therefore the client of a foreign firm, outside the protections that come with an Indian registration. Indian foreign exchange rules govern money sent abroad and do not allow it to be remitted as margin for leveraged trading. Nothing on this site is investment advice.