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    WikiFX Visited Forex Broker FXPRO in Cyprus

    Abstract:Upon investors’ requests, WikiFX recently visited Forex broker FXPRO in Cyprus, offering investors a closer look of the broker that ranked No.6 in WikiFX’s most complained brokers list in May.
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      Upon investors' requests, WikiFX recently visited Forex broker FXPRO in Cyprus, offering investors a closer look of the broker that ranked No.6 in WikiFX' s most complained brokers list in May.

      According to FXPRO' s website, the broker, established in 2006, provides CFD(contracts for difference) in six types of assets including Forex, equities, spot index, futures, spot precious metals and spot energies. Under the regulation of various countries, it obtained two MM licenses from CYSEC(Cyprus) in 2007 and FCA(UK) in 2010 respectively, and later received licenses from financial regulators in Germany, France, Dubai and Bahamas.

      The FXPRO licensed office in Cyprus is located at 1 Karyatidon, CY-4180 Ypsonas in Limassol according to the regulatory information from CYSEC' s website.

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      Regulatory information from CYSEC' s website

      We arrived at 1 Karyatidon Street as the address directed and immediately found the striking 3D logo of FXPRO in white against the red backdrop.

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      Exterior of FXPRO

      Located in an industrial park in Limassol, FXPRO' s office has a unique and striking appearance based on a factory building, with a red metal bridge connecting different office sections.

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      FXPRO' s office building

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      The red metal bridge

      The company' s spacious interior has a stylish and vibrant furnishment, featuring the same white logo against a red background at the reception.

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      The reception of FXPRO

      We also noticed several Formula 1 cars near the reception. According to FXPRO' s profile, it was the first Forex broker which sponsored Formula 1 team.

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      The F1 cars on display

      FXPRO staff declined our request to photo inside their office, but briefly showed us around. About 30 staff were working in the large and neatly-organized office when we were visiting.

      About FXPRO

    FXPRO

      FXPRO' s interface from WikiFX App

      Further investigation suggests FXPRO, rated at 8.94 on WikiFX App, is in business for over 10 years under multiple licenses including two MM licenses from FCA(UK) and CYSEC(Cyprus), three retail Forex licenses from BaFin(Germany), BDF(France) and DFSA(AE) respectively and one generic financial service license from SCB(Bahamas), all of which are valid.

      Notably, FXPRO has 3 risk warnings on WikiFX App: offshore regulation with risk, overrun business under financial service license without authorization in Forex brokerage and heavy investor complaints. WikiFX reminds investors to carefully choose your broker to avoid potential risks.

      Conclusion

      After the visit, WikiFX confirms FXPRO' s licensed office in Cyprus dose exist and is currently in business.

      Download WikiFX App to check out more on our visit reports, covering Forex brokers worldwide including in the UK, Australia, Cyprus and Hong Kong. We currently have hundreds of brokers visited and filed for our users.

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      Broker' s interface from WikiFX

      Go to brokervs page, click “Field Survey” at the bottom to view the information of those brokers visited.

      WikiFX will visit more brokers around the world, in hope of helping Forex investors identify the legal and reliable platforms to ensure the safety of your assets.

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    • Australia Dollar
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    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
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    • Polish Zloty
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