FxPro is a fraudulent forex broker that engages only in the practice of defrauding and robbing unsophisticated forex investors, causing these individuals to lose the money that they have worked so hard to earn. In their illegal endeavors, con artists often make use of the trading systems Meta Trader 4 and Meta Trader 5. MetaQuotes is the business that developed this disgraceful brokerage company’s software, which was used by FxPro. In this respect, interacting with and making contact with crooks associated with the fraudulent FX project FxPro is not at all required and should be avoided at all costs.
Is FxPro a Licensed Broker?
FxPro is not subject to any regulations. This platform does not own a valid license, nor do they comply with the regulations of any organization or body, such as the FCA or any other group.
Why Should Not You Trust an Unlicensed Broker?
As was discussed earlier in this post, the fact that the broker does not hold a license is a significant red flag for potential customers. Customers of businesses that provide services linked to online trading but do not possess a legal license are unable to get any form of protection from the businesses that employ them. However, the most serious issue is that the great majority of unregulated brokers are engaged in fraudulent activities. This is a consequence of the lack of any regulating agency that supervises the business practices of these brokers.
To put it another way, conducting business with such companies is akin to walking on thin ice because your money is at risk of being stolen by con artists who will not be held accountable for the illegal activities they engage in. In other words, doing business with such companies is analogous to skating on thin ice. On the other hand, licensed brokers are held to a higher standard and are required to conform to a number of standards. This is because regulators closely monitor the activities of regulated brokers. These regulations are intended to shield customers from deceptive marketing and sales tactics and to improve the market’s general openness and sense of equity.
Is FxPro Can Be Trusted?
There is a lot of problematic conduct going on behind closed doors at the firm FxPro, which is a brokerage business that has a lot of questionable behavior going on behind closed doors at the company. There are many distinct facets of this circumstance that need to be taken into consideration.
Warnings From Financial Regulators
Even though no other regulatory authority has issued a warning about this platform as of yet, they are keeping an eye on it since it has received multiple negative reviews and has questionable policies.
What Do Traders Think Of FxPro?
The traders are unhappy with the activities they are engaged in. After conducting research across a variety of social media platforms and online forums, we discovered a number of critical reviews and reports.
Platform Offered by FxPro
FxPro is now operating on the MT4 platform, which has a reputation for being quite reliable, however, this does not indicate that the firm is successful. To be able to trade on the most popular trading platform in the world without having to pay any fees for the privilege — doesn’t that seem like a pretty great offer to you? [Case in point] It does, and it is, in particular when thinking about the relatively narrow spreads that may be constructed.
For novice investors who want to test the waters in the financial markets but are concerned about the costs involved, the MetaTrader 4 account may be the most suitable choice. This is due to the account’s reasonable fees and intuitive user interface.
Country Serving by FxPro
FxPro is a currency operating in the USA, UK, and Europe.
FxPro Range of Trading Markets
For clients located in the United Kingdom, the maximum leverage available for trading forex majors is 1:30; however, some clients located in other countries can receive up to 1:500 leverage.
The highest leverage available for major and minor forex pairs is 1:500, whereas the leverage available for cryptocurrencies can range anywhere from 1:20 to 1:2.
Minimum Deposit and Withdrawal Terms of FxPro
The FxPro initial deposit minimum is $100, but it is advised that new users start with $500 or more to take advantage of the platform’s full range of trading features.
Ways to Make a Deposit
Victim of FxPro Scam? Report Your Story To Us.
Please let us know if you or someone you know is a victim of a FxPro scam. It’s crucial to persist and stand up for what is rightfully yours. Depending on your payment method, there are various ways we can assist you in getting your money back.