Traders Union team checked FxPro office in Cyprus
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We checked the office of the FxPro brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
Karyatidon 1, Ypsonas 4193, Cyprus
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The company is located at the stated address
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We were able to speak to a company representative
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We were able to visit the office as clients
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Video of the company’s office and an interview with FxPro
Cyprus is one of the most popular jurisdictions for Forex companies. The Cyprus Securities and Exchange Commission (CySec) is a Tier-1 regulator, which means it adheres to stringent regulatory standards set by the European Union.
Traders Union's goal is to help traders understand the operation of FxPro under CySEC regulation. Recently, Traders Union visited the office of FxPro to verify that the company is genuinely operating in Cyprus and providing services there.
In this article, you will also find all the important information about the broker's regulation under CySEC and other jurisdictions.
Brief dossier of FxPro
| Foundation date | 2006 |
| Headquarters | FxPro UK HQ 13-14 Basinghall str., City of London, EC2V 5BQ, UK |
| Regulation |
FCA, CYSEC, FSCA, SCB, FSA (Seychelles) Licence number: 509956, 078/07, 45052, SIA-F184. |
| Official site | https://fxpro.com, https://www.cis-fxpro.com/ |
| Contacts |
Email:
support@fxpro.com,
Phone: +44 (0) 203 151 5550, 08000 463 050 |
A visit to the office of FxPro in Cyprus
Blinov Vasily, our associate, visited the office of FxPro located at the following address: Karyatidon 1, Ypsonas 4193, Cyprus to conduct a thorough inspection and prepare a video report. Blinov Vasily is an experienced professional with extensive knowledge of the Forex market and methods of research.
Upon arriving at the address, our representative saw a modern building branded in the style of the company, making an impression on him at first sight. Bright red gates with the company’s white logo and slogan, originally designed bridge leading to the central entrance and green territory attract the attention not only of the clients who come to visit the office, but also the people who are simply passing by.
FxPro Office
At the entrance to the FxPro office, we were met by a receptionist, who led us to a spacious hall that is, once again, stylized in the company’s colors. The scale of the design fully reflects the company’s slogan “Trade Like a Pro”, because you can literally see professional approach to business in every little detail.
FxPro Office
From the spacious hall, company representatives gave us a tour of the offices in the building, where the most interesting ideas for bonuses and new offers from the company are created, where company representatives communicate with clients, and where the technical part of the project is maintained.
FxPro Office
The R&R zone for the company employees also turned out to be attractive. After all, if the company creates comfortable conditions for those who support the operation of the project, the clients will also receive high-quality service.
FxPro Office
A video report of the visit to the broker’s office
Our goal is to provide clients with full and impartial information about operation of the brokerage company, and we are sharing the results of its inspection in the format of a video report.
Office of the FxPro brokerage company: Karyatidon 1, Ypsonas 4193, Cyprus
While visiting the company’s office, we also had an opportunity to speak to FXPro Business Development Manager (CIS) Stanislav Ukhlovtsev, who told us about the company’s features, its operation in Europe and beyond, licenses, methods of protection of client funds, various trading and payment instruments available to clients, expansion of the choice of trading accounts and many other advantages of working with FXPro.
Interview with FXPro Business Development Manager (CIS) Stanislav Ukhlovtsev, exclusively for TU
Choose the Best!
Is a FxPro safe broker?
Traders Union experts believe that FxPro is a safe broker. This is evidenced by several factors, including:
- Tier-1 Regulation: Regulated by a Tier-1 authorities.
- Investor Protection Fund: Participation in the Investor Compensation Fund.
- Segregated Accounts: Client funds are kept separate from company funds.
- Longevity: FxPro has a long history of reliable operating.
FxPro safety and regulation
| All FxPro regulator | Country of regulation | Regulation level | Investor protection fund | Segregated Account |
|---|---|---|---|---|
| CySec | Cyprus | Tier-1 | Up to €20,000 | Yes |
| FCA UK | United Kingdom | Tier-1 | Up to £85,000 | Yes |
| FSA (Seychelles) | Seychelles | Tier-3 | No specific fund | Yes |
| FSCA SA | South Africa | Tier-2 | No specific fund | Yes |
| SCB | Bahamas | Tier-2 | No specific fund | Yes |
How does CySEC regulation protect investors?
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EU Rules Compliance: Adheres to EU regulations on leverage. Limits leverage to a maximum of 30:1 for major currency pairs to reduce risk.
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Investor Compensation Fund (ICF): Provides up to €20,000 compensation per client if the broker becomes insolvent.
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Transparency and Accountability: Ensures brokers operate with high standards of transparency.
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Client Fund Segregation: Requires brokers to keep client funds separate from company funds.
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Strict Licensing: Only grants licenses to brokers meeting rigorous standards.
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Continuous Monitoring: Regular audits and oversight to ensure compliance.
Beyond the office: practical advice for Forex investors
As we conclude our in-depth look at the broker's operations in this country, we’d like to offer additional advice for traders, considering this broker:
When examining reports from office visits to FxPro, focus on details provided about their local business alliances and affiliations. These relationships can offer a meaningful perspective into FxPro reputation and position within the surrounding financial sector.
For FxPro specifically, look for mentions of partnerships with regional banks, financial technology companies, or educational institutions. Such collaborations frequently demonstrate a broker's commitment to serving the local community and may translate to superior client service.
Additionally, consider any memberships FxPro maintains with local forex associations or regulatory organizations. Research by the Global Forex Analytics Group found brokers actively involved with area financial associations had a 28% lower rate of client issues and disputes. This involvement often correlates to better adherence to professional standards and a deeper understanding of regional trading environments. Such engagement can be a positive signal when assessing a broker.
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