Question: Is it safe to deposit funds to FXPro? Are my funds protected?
Is FXPro a safe Forex broker? Will my money stay safe with FXPro?
Fund Safety with FXPro
At FxPro, they regard the security of the clients’ funds as paramount.
This is why they ensure that all client funds are deposited in segregated accounts at leading investment grade global banks such as Barclays and Credit Suisse.
In addition to this FxPro is a member of the Investor Compensation Fund and the Financial Services Compensation Scheme.
You can find more information about FXPro in the official website.
How FXPro protects your funds?
FXPro as a professional FX broker takes many measures to protect investors’ funds.
How FXPro protects investors’ funds?
- Segregated Bank Accounts
- FXPro does not mix investors’ funds and company funds. All investors’ funds are kept in segregated bank accounts of FXPro thus FXPro can respond to withdrawal requests in a timely manner and sends back all funds to investors in case FXPro is unable to continue providing the service for some reason.
- NDD trading environment
- FXPro is a NDD (Non Dealing Desk) broker which does not hedge investors’ orders. This makes sure that there is no conflict of interest between FXPro and its investors, and FXPro does not trade against its investors.
- NBP for all accounts
- In case of high volatility, some account balances could go negative after stop out is triggered. In this case, FXPro fixes the account balance to zero with this NBP (Negative Balance Protection). NBP works as an insurance funds for investors’ accounts.
- Compensation Funds
- All traders registered under FXPro UK and Cyprus can benefit from the investor compensation fund. This is provided from financial authorities of UK and Cyprus.
With FXPro, you can manage your funds in the secure FXPro Direct and FXPro Wallet.
These are dedicated fund and account management portal for investors of FXPro.