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Learn how to open an FxPro trading account.
FxPro Financial Services Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number 078/07) and holds a cross border licence, authorising the company to provide investment services internationally.
The Cyprus Securities and Exchange Commission (CySEC) is the supervisory and regulatory authority for Investment Services firms in Cyprus and is a member of the Committee of the European Securities Regulators (CESR).
FxPro Financial Services Ltd complies with all applicable EU and local regulations including the European Markets in Financial Instruments Directive (MiFID) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
FxPro Australia Pty Ltd, a subsidiary of FxPro Financial Services Ltd, is authorised and regulated by the Australian Securities and Investment Commission (ASIC), licence number 405750. ASIC is Australia’s corporate, markets and financial services regulator and is responsible to ensure that Australia’s financial markets are fair and transparent, supported by confident and informed investors and consumers. ASIC, an independent Commonwealth Government body, is set up under and administers the Australian Securities and Investments Commission Act (ASIC Act), and carries out most of its work under the Corporations Act. As the financial services regulator, ASIC licenses and monitors financial services businesses to ensure that they operate efficiently, honestly and fairly.
The European Parliament and Council adopted the Directive 2004/39/EC, dated 21 April 2004, on Markets in Financial Instruments (MiFID), which came into effect on 1/11/2007 and aims to regulate the markets of financial instruments for provision of investment services and activities within the European Economic Area (EEA). The Directive has also been adopted in Cyprus through the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007).
The European Union’s Markets in Financial Instruments Directive (MiFID) provides a harmonised regulatory regime for investment services within the European Economic Area. The main objectives of the Directive are to increase efficiency, enhance financial transparency, increase competition, and offer greater consumer protection in investment services. One of the unique principles of MiFID is that an investment firm may freely provide its investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorisation.
FxPro UK Limited, a subsidiary of FxPro Financial Services Ltd, is authorised and regulated by the Financial Services Authority (FSA) Reg. No. 509956. The FSA is the regulator of the financial services industry in the UK and is renowned worldwide as a leader in financial services regulation. The FSA is an independent non-governmental body, given statutory powers by the UK’s Financial Services and Markets Act 2000. The FSA’s key objectives are:
FxPro UK Limited comply with all relevant and applicable regulatory requirements imposed by the FSA.
FxPro UK Limited has been certified as achieving the “Investors in People” standard.
Investors in People is a business improvement standard offering information on the standard, support services, and research materials. Investors in People is administered by the UKCES (UK Commission for Employment and Skills). The Investors in People framework comprises numerous fundamental principles. These principles detail the criteria companies are required to meet in order to achieve the business standard. The evaluation process is performed by licensed Investors in People establishments and, granted the external appraisers can find enough evidence of practices and policy in accordance with each criteria, the company achieves the ‘Investors in People’ standard.
FxPro is a member of:
FxPro is a member of the Investor Compensation Fund the objective of which is to secure any claims of covered clients against members of the Fund and to compensate covered clients for any claims arising from the malfunction by a member of the Fund to fulfil its obligations despite whether that obligation arises from legislation, the client agreement or from wrongdoing on the part of the member of the Fund.
In line with MiFID requirements and the legal framework in Cyprus, FxPro has adopted appropriate policies and procedures, in addition to the Investor Compensation Fund, outlined in the following documents:
FxPro Financial Services Ltd is authorised and regulated by the CySEC (licence no. 078/07).
Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.
