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Is FxPro Regulated in Netherlands? Is it Legit? - TU Expert review

Official FxPro
website

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FxPro is a regulated Forex broker supervised by financial authorities in. The broker adheres to the standards established by its regulators, ensuring a secure and transparent trading environment. FxPro countries of regulation:

Regulator Full name Country
FCA UK Financial Conduct Authority United Kingdom
CySec Cyprus Securities and Exchange Commission Cyprus
FSCA SA Financial Sector Conduct Authority of South Africa South Africa
SCB Securities Commission of The Bahamas Bahamas
FSA (Seychelles) Financial Services Authority of Seychelles Seychelles

Is FxPro regulated in Netherlands? Broker’s license

Security (Protection for Investors)

Information

The activities of the FxPro broker company are regulated by four financial services commissions: FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), SCB (The Bahamas).

Security guarantees from FxPro:

    1. FxPro’s partners providing constant liquidity are over 12 investment banks.

   2. Clients’ funds are held in segregated accounts in Barclays, Citibank, and RBS banks.

The broker’s external auditor is PwC.

These regulators impose the most stringent requirements on the activities of companies, which therefore ensures the broker's responsible performance of their services and tasks.

👍 Advantages

  • Segregated accounts, in accordance with all requirements of the regulator
  • Protecting the trader's capital from a negative balance
  • Providing support in controversial matters involving an independent judge

👎 Disadvantages

  • The regulator does not consider the claims of private traders with minor amounts

Is FxPro regulated in Netherlands? Broker’s license

FxPro regulation review

Regulator Country Regulation level Investor Protection Fund
FCA UK
United Kingdom Tier-1 Up to £85,000
CySec
Cyprus Tier-1 Up to €20,000
FSCA SA
South Africa Tier-2 No specific fund
SCB
Bahamas Tier-2 No specific fund
FSA (Seychelles)
Seychelles Tier-3 No specific fund

Understanding Forex Regulation Levels

When choosing a Forex broker, their regulatory framework plays a pivotal role in ensuring trust and security. Below is an overview of the different regulatory tiers:

  • Tier-1 Regulators:
    These authorities are globally recognized for their strict oversight and high compliance standards. They prioritize trader safety, financial transparency, and overall market stability. Notable examples include the FCA in the United Kingdom and ASIC in Australia.

  • Tier-2 Regulators:
    While not as stringent as Tier-1, these regulators enforce solid compliance protocols that provide traders with a fair degree of security and reliability.

  • Tier-3 Regulators:
    Often limited to simple registration processes, Tier-3 regulators operate in jurisdictions with minimal oversight. Brokers under Tier-3 regulation face fewer compliance demands, offering traders less protection.

Short summary about the broker FxPro

FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.

💰 Account currency: USD, EUR, GBP, CHF, AUD, PLN, ZAR and JPY
🚀 Minimum deposit: 100 (USD, EUR, GBP, CHF)
⚖️ Leverage: Up to 1:500 subject to the jurisdiction. For example, maximum leverage for certain jurisdictions is up to 1:30 for currency pairs.
💱 Spread: from 0.0 pips
🔧 Instruments: Over 2,100 assets are available: currencies, stocks, indices, futures, metals, energies, and cryptocurrencies.
💹 Margin Call / Stop Out: 25/20

Pros and cons of FxPro

👍 Advantages of trading with FxPro:

Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;

insurance of client funds at the expense of the broker participation in an investor compensation fund;

beginner traders will be able to access tested advisors;

a full package of services is available to the client regardless of the balance of his account;

VIP account holders are offered a personal manager and get a Free VPS;

company capital exceeds 100 million euros;

offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;

the reliable trading environment provided by the competent educational and research department.

👎 Disadvantages of FxPro:

it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;

difficulties registering in an affiliate program.

Why is it important for a broker to have the license in Netherlands?

A financial license is the key document for any broker. It confirms that the company complies with the requirements of the financial regulator and observes the law. It is important for traders to choose a broker registered their jurisdiction for the following reasons:

  • Any claim is filed at the place of the broker’s registration. Accordingly, in case any dispute arises, it will be easier for the trader to file a claim.

  • A license issued in Netherlands guarantees that the broker operates in compliance with the laws of this country and reports to the local regulatory authorities.

  • Traders can claim compensation under the government programs of deposit guarantees in case the broker experiences financial problems.

It is also possible to choose a broker that is not regulated in Netherlands. In that case, however, the company must have a license from a reliable regulator, for example of an EU country, the UK, USA, Australia, etc.

Brokers that are similar to FxPro

In addition to FxPro, also other brokers from this jurisdiction have the license of Netherlands. FxPro has many competitors, and before you start working with this broker, you need to compare it to other companies. TU analysts have prepared a comparison of brokers that operate in the Netherlands market and have a license of this or another reliable jurisdiction.

Comparison of FxPro with other Brokers

FxPro Eightcap XM Group RoboForex Pocket Option Kama Capital

Trading platform

MT4, MobileTrading, MT5, cTrader, FxPro Edge

MT4, MT5, TradingView

MT4, MT5, MobileTrading, XM App

MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader

Pocket Option, MT5, MT4

MetaTrader5

Min deposit

$100

$100

$5

$10

$5

No

Leverage

From 1:1
to 1:500

From 1:30
to 1:500

From 1:1
to 1:30

From 1:1
to 1:2000

From 1:1
to 1:1000

From 1:1
to 1:400

Trust management

No

No

No

No

No

No

Accrual of % on the balance

No

No

No

10.00%%

No

No

Spread

From 0 points

From 0 points

From 0.8 points

From 0 points

From 1.2 point

From 0 points

Level of margin call / stop out

No

No

No

No

No

No

Execution of orders

Market Execution

Market Execution

Market Execution

Market Execution, Instant Execution

Market Execution

Market Execution

No deposit bonus

No

No

No

No

No

No

Cent accounts

No

No

No

Yes

No

Yes

Is it safe to trade with FxPro in Netherlands?

FxPro is quite popular in Netherlands. The broker does not have a license of the local financial regulatory authority, but it is regulated in a reliable jurisdiction. Therefore, this company can be trusted. The trading conditions of FxPro are rather beneficial compared to competitors. Accordingly, trading with this company is a good decision.

Igor Krasulya

Igor Krasulya

Author at Traders Union

FAQ

How do I check a broker’s license?

Brokers should provide their license on their official website. It is also recommended to check it on the official website of the financial regulatory authority.

Does a broker need to have an official representative office in Netherlands?

Yes. According to the rules of Netherlands, brokers must have an office in Netherlands. This is a mandatory condition for obtaining the license.

Can the license issued by Netherlands be considered reliable protection against fraud?

Yes. The rules of the financial regulator of Netherlands are very strict, which makes obtaining a license in this jurisdiction extremely difficult for scammers.

What kind of information should a broker provide for traders?

On their official websites, brokers must provide the name of the managing company, r egistration certificate, legal address and internal regulatory documents.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.