Question: Can FXPro guarantee the safety of my funds? Any protection or compensation?
FxPro takes the safety of client funds very seriously.
For this reason, all client funds are fully segregated from the company’s own funds and kept in separate bank accounts in major European banks such as Barclays Bank PLC, Credit Suisse AG, and the Royal Bank of Scotland.
When you make a deposit to FXPro, the broker will deposit the funds to a segregated account where separated from the normal operations.
Meaning that, you deposit funds to their bank accounts, but your funds will be remained untouched until you use it through trading platforms.
Your funds are still your funds with FXPro. Fund security and withdrawals are one thing you may not need to worry about.
Compensation fund by the authorities
In addition, FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Investor Compensation Fund (ICF).
So in case FXPro faces bankrupt or some other worst cases, and the broker is not capable of returning all funds to traders(which barely happens), these compensation funds are to refund your funds to compensate your losses.
For more information, please contact FXPro support from the Official Website.