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FxPro regulation and how it scores

Regulation carries the heaviest weight in the score, which is why it is scored first. Here is FxPro's licensing and the protections behind it.

Facts last checked . Read the full FxPro review.

Regulation and safety

Regulated by
FCA (509956); CySEC (078/07); FSCA (45052); SCB Bahamas (SIA-F184); Seychelles FSA (SD120, via Invemonde Trading Ltd partnership)
Regulator tier
Tier 1
Register entry
FCA Financial Services Register, FRN 509956
Client money segregated
Yes
Held at
Barclays Bank; Julius Baer; Royal Bank of Scotland
Negative balance protection
Yes
Compensation scheme
FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients
Audited by
PwC
Not available to
United States, Canada, Iran and other restricted jurisdictions

Check the licence yourself: the FCA Register, the CySEC register of investment firms, the FSCA search of financial services providers, the Seychelles FSA list of regulated entities.

What this means

Regulation carries the heaviest weight in the score, which is why it is scored first.

FxPro holds tier-one authorisations from FCA and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (SCB and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

Client money is held separately from the firm's own money, at Barclays Bank; Julius Baer; Royal Bank of Scotland. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about FxPro regulation

Is FxPro tier-one regulated?

FxPro's strongest licence is recorded as Tier 1.

Who regulates FxPro?

FxPro is regulated by FCA (509956); CySEC (078/07); FSCA (45052); SCB Bahamas (SIA-F184); Seychelles FSA (SD120, via Invemonde Trading Ltd partnership).

Does FxPro offer negative balance protection?

Yes. FxPro offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Regulation at brokers under the same regulator

More about FxPro