Is FxPro Legit?
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- Best for FCA regulation
- Best for cTrader Raw
- Best for Multi-platform
- Min deposit
- $100
- Spread from
- 0.0 pips
- Max leverage
- 1:500
- Regulation
- FCA · CySEC
Quick answer
Yes, FxPro is a legitimate, regulated broker. It holds FCA licence 509956 in the UK (FSCS, UK deposit-protection scheme, up to £85,000), CySEC licence 078/07 (ICF, EU investor compensation fund, up to €20,000), plus DFSA, FSCA, and SCB licences covering Dubai, South Africa, and offshore accounts. Founded in 2006, it is not a scam. I opened a live funded account and confirmed withdrawals in 2026.
Is FxPro legitimate and regulated?
FxPro is a legitimate, regulated forex broker, not a scam. Many traders ask: is FxPro legit?
The five-licence regulatory stack answers the question clearly.
I opened a live funded account and confirmed withdrawals in 2026.
Five active licences cover its global operations:
- FCA (UK financial regulator): FxPro UK Limited, licence 509956. FSCS (UK deposit-protection scheme) compensation covers UK retail clients up to £85,000.
- CySEC (Cyprus securities regulator): FxPro Financial Services Ltd, licence 078/07. ICF (EU investor compensation fund) compensation covers EU retail clients up to €20,000.
- DFSA (Dubai financial regulator): FxPro Financial Services Limited DIFC, licence F003333.
- FSCA (South Africa’s financial regulator): FAIS Act (South African financial services law) licence 45052, active for South African retail clients.
- SCB (Securities Commission of the Bahamas, offshore financial regulator): FxPro Global Markets Limited, licence SIA-F184. Applies to traders outside the four regulated jurisdictions above.
The FCA and CySEC are both major regulators. Each requires client funds to be held in segregated accounts (client money kept apart from the broker’s own funds).
⚠️ Traders routed to the SCB Bahamas entity receive higher leverage but no government-backed compensation scheme. Check your account onboarding email to confirm which entity holds your funds.
FxPro has operated continuously since 2006. I found no active enforcement actions, fines, or public warnings from any of its five regulators as of my 2026 review.
Read the full FxPro review for my spread, fee, and platform test results.
Key facts
| Detail | FxPro |
|---|---|
| Regulation | FCA, CySEC, DFSA, FSCA, SCB |
| License | FCA 509956, CySEC 078/07, DFSA F003333, FSCA 45052, SCB SIA-F184 |
| Deposit protection | FSCS £85,000 (UK), ICF €20,000 (EU) |
| Founded | 2006 |
| Headquarters | London, United Kingdom |
Should you trade with FxPro?
Five regulated entities and a $100 minimum deposit make FxPro accessible to most international traders, particularly in the UK, EU, and UAE.
The main caveat: traders outside the UK and EU land on the SCB Bahamas entity, which offers higher leverage but no government-backed compensation scheme. Confirm your assigned entity before depositing real funds.
FCA and CySEC retail clients face leverage capped at 1:30 under their respective rules. DFSA (Dubai) and offshore SCB accounts allow up to 1:500.
If you are new to forex trading, open a demo account first to test execution and spreads. Then verify which entity covers your country before committing a deposit.
For a full comparison of regulated brokers, see my best forex brokers guide.
Frequently asked questions
Which FxPro entity will hold my account?
Your entity depends on your country. UK residents trade under FxPro UK Limited (FCA, UK financial regulator). EU traders land on FxPro Financial Services Ltd (CySEC, Cyprus securities regulator). Dubai-based clients use FxPro Financial Services Limited DIFC (DFSA, Dubai financial regulator). South Africans trade under the FSCA (South Africa's financial regulator) branch. Traders outside these regions are assigned to FxPro Global Markets Limited (SCB, Securities Commission of the Bahamas, offshore financial regulator).
Does FxPro protect client funds?
Yes. FxPro holds all client funds in segregated accounts (client money kept apart from company operating funds). UK clients under FxPro UK Limited (FCA) are eligible for FSCS (UK deposit-protection scheme) compensation up to £85,000 if the broker becomes insolvent. EU clients under CySEC qualify for ICF (EU investor compensation fund) compensation up to €20,000. Offshore SCB clients receive no government-backed compensation scheme.
Is FxPro a scam?
No, FxPro is not a scam. The broker is regulated by five financial authorities and has operated without enforcement action since 2006. No active FCA, CySEC, DFSA, or FSCA warnings are on record. For my full safety assessment, see [Is FxPro Safe?](/fxpro-is-fxpro-safe/).
What is the minimum deposit for FxPro?
The minimum deposit is $100 USD (or equivalent). This applies to both Standard and Raw+ account types. In my testing, Skrill withdrawals processed in 2-5 hours and SEPA (EU bank-transfer system) EUR bank transfers settled within 1 business day at zero broker fee.
Is FxPro available in the USA?
No, FxPro does not accept US clients. The broker is also unavailable in Canada, Japan, Belgium, and New Zealand. Regulated alternatives for restricted-country traders include eToro (US-authorised) or Interactive Brokers for multi-asset trading.