FxPro earns a trust score of 70/100 (Grade B) in our assessment. The regulatory framework pairs one top-tier licence with one tier-2 licence and two offshore authorisations, a combination that inspires confidence at the top end but warrants scrutiny at the lower tier.
The score is further tempered by a suspended Trustpilot profile and recurring withdrawal complaints across community forums. For traders asking "is FxPro legit," the multi-regulator framework confirms legitimacy, though the reputational issues deserve attention.
What licences does FxPro hold?
FxPro holds 4 licences from 4 regulators.
- FxPro UK Limited, FCA FRN 509956: UK clients. Verified on the register.
- FxPro Financial Services Ltd, CySEC CIF 078/07: EU clients. Verified on the register.
- FxPro Global Markets Limited, SCB SIA-F184: international clients. Verified on the register, listed as "FxPro Global Markets Ltd". The register publishes no licence numbers, so SIA-F184 is the broker's own figure.
- Invemonde Trading Ltd, FSA Seychelles SD120: international clients. Verified on the register, listed as "Invemonde Trading Ltd". The register publishes no licence numbers, so SD120 is the broker's own figure.
How are client funds protected?
Under the CySEC-regulated entity, eligible retail clients benefit from the Investor Compensation Fund (ICF), which provides statutory cover of up to €20,000 per eligible client (calculated as 90% of the covered claim, capped at €20,000). For clients of the FCA-authorised entity, the UK's Financial Services Compensation Scheme (FSCS) provides protection of up to £85,000 per eligible claimant, and FCA-mandated segregation rules apply.
Clients onboarded through the Bahamas or Seychelles entities should understand that equivalent compensation schemes are either limited or absent entirely. The choice of onboarding entity is not an administrative detail. It is a meaningful decision that shapes your counterparty risk exposure.
Is FxPro trustworthy based on its track record?
Founded in 2006 and based in the United Kingdom, FxPro carries two decades of continuous operation. That longevity, combined with four regulatory licences spanning two continents, positions the broker among the more established names in the industry.
The public reputation presents a mixed picture. Verified user-review platforms paint a generally positive image: Google Reviews reflects 4.3 out of 5 from 373 reviews, the Google Play Store shows 4.3 out of 5 from approximately 98,000 reviews, and the Apple App Store shows 4.4 out of 5 from 15 ratings.
On the other side, FxPro's Trustpilot rating has been suspended. Trustpilot states the rating is unavailable due to a breach of its guidelines and confirms that fake reviews were removed.
For a broker that otherwise presents solid regulatory credentials, a Trustpilot suspension is a significant reputational blemish.
Withdrawal complaints surface with some regularity across Reddit and trading forums. Some community analysis attributes these FxPro withdrawal problems to incomplete user verification rather than systematic broker misconduct, but the volume warrants caution.
The FCA has also issued a formal warning about a clone firm operating under the name "Fx Pro," so always verify you are accessing the correct website before depositing funds.
FxPro holds 4 regulators: 1 tier-1 licence (Financial Conduct Authority); 1 tier-2 licence (Cyprus Securities and Exchange Commission); 2 offshore licences (Securities Commission of The Bahamas, Financial Services Authority of Seychelles).
EngineForex Trust Score
FxPro: 70/100 (Grade B)
| Component | Score | Note |
|---|
| Regulator tier coverage | 40/40 | 2 tier-1 licences |
| Number of regulators | 15/15 | 5 regulators |
| Years of operation | 15/15 | 27 years (10+) |
| Trustpilot rating | 0/20 | SUSPENDED, rating is unavailable due to a breach of our guidelines. |
| Trustpilot review volume | 0/10 | n/a, Trustpilot rating suspended |
*Computed deterministically from verified register reads, founding year, and live Trustpilot data. See EngineForex's "How We Review Brokers" for the full methodology.*