Does FxPro Pay Out Profits?

Is FxPro trustworthy? Is FxPro regulated?

FxPro Review

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Yes. Industry insiders say that FxPro is a legitimate and respectable broker that combines all the instruments required for safe trading of various assets, safe deposits and withdrawals of money, and safe investment. Leading financial regulators issue the operating licenses for this broker. Premier regulators like the Financial Sector Conduct Authority (FSCA) of South Africa and the Cyprus Securities and Exchange Commission (CySEC) are keeping an eye on the broker's financial transactions. Furthermore, this broker follows rules set by regulators like FSA, SCB, and FCA, which are also reputable financial regulators in the trading and investment sectors.

Remarkably, if a broker files for bankruptcy, an investor protection plan under FCA regulation will cover losses up to £85,000. The FCA imposes leverage limits to help retail traders better manage the risks they take on.

How long does it take to withdraw?

FxPro withdrawals are typically processed in a few hours if traders place the order during regular business hours. Order processing will occur the following working day if the withdrawal request is received after business hours.

Although some withdrawal orders are processed instantly, please be aware that this does not indicate that money has been deposited into your bank account, as the clearing process typically takes a few days. So bear in mind that the third party who completes the order will choose the actual time that your withdrawal appears following its processing by FxPro.

For instance, depending on your bank, international bank transfers may take three to five business days, while card withdrawals may take more. Please check the list of accepted cards on the withdrawal page or contact the FXPro support team, as some cards are not suitable for withdrawals on the platform.

E-Wallet and SEPA transfers, as well as local transfers, typically take effect the same business day. FxPro does not impose any commission fees when processing deposits or withdrawals, but if a withdrawal is requested without any trading activity, there will be a fee of up to 2.6%. The FxPro minimum withdrawal starts at $100, but you can check if there are options to withdraw lesser amounts.

How to withdraw profits from FxPro

Possible withdrawal problems

Although FxPro strives to provide its traders with the best withdrawal service possible, there are a few possible triggers that could result in a withdrawal request being denied, so traders need to be aware of them. These are listed below.

The broker withdrawal policy instructs clients to use the same method of deposit for withdrawals. In this scenario, you can withdraw profits using the bank wire method or an e-wallet to receive payments if they are what you initially made deposits with.

How to withdraw if the debit or credit card used to make the deposit has expired?

Banks typically allow certain kinds of transactions for a minimum of six months following the cancellation of a card. Therefore, if the card is what you used to make deposits from the beginning, you should keep withdrawing money from it even after the cancellation. Your bank will automatically transfer the funds to the new card when it is ready. However, if the bank account linked to the card has been fully closed, you must send proof of account closure to the accounting department at “accounting@fxpro.com.”