Summary of Fx Trading Pro Trading Company
Fx Trading Pro, founded in 2019 in the U.S., claims to be a Forex and CFD broker run by three legal entities, each supposedly regulated by the relevant authorities in the UK, Cyprus, and Malaysia.
However, Fx Trading Pro has been identified as a clone firm. This is why its regulatory status with the FCA is marked as "Suspected fake clone," and the broker has a rating of 1.46/10.
Traders report issues with withdrawals, unfulfilled promises, and regular violations by the broker. The Fx Trading Pro website is outdated, error-ridden, and currently unavailable. The broker does not provide information about spreads, fees, or exchange rates, making it impossible for traders to assess the actual trading costs.
Fx Trading Pro is blacklisted and currently does not offer Forex broker services.
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FAQs
Why has Fx Trading Pro been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Fx Trading Pro by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Fx Trading Pro is down, not updated or operates with clear errors and some features are not available;
• Fx Trading Pro has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Fx Trading Pro got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Fx Trading Pro got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Fx Trading Pro?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Fx Trading Pro is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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