Fx Pro Assets Trade is a Contract for Difference (CFD) broker officially registered on February 6, 2024. The broker primarily offers access to a wide array of trading markets, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc., through trading platforms such as MT4, MT5, and cTrader.
Corporate Registration Information and Regulatory Status:
According to public information on the Fx Pro Assets Trade official website, the broker consists of multiple corporate entities regulated by various authorities.
The corporate entity of Fx Pro Assets Trade in the United States is registered as Fx Pro Assets Trade Ltd, with the registration number 5273659-2. This entity is authorized and regulated by the Financial Services Authority of the United States, with a license number of RD07599.
In Australia, the broker is registered as International Capital Markets Pty Ltd, with the registration number 282 273 243, and is authorized and regulated by the Australian Securities and Investments Commission (ASIC), with a license number 742853.
Its entity in Cyprus is registered as Fx Pro Assets Trade (EU) Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 443/16.
Additionally, the broker's entity in the Bahamas is registered as Fx Pro Assets Trade Ltd, with the registration number 24424 C, and is authorized and regulated by the Securities Commission of Bahamas (SCB), with a license number of PIA-F429.
The "Regulation" page on the Fx Pro Assets Trade official website also mentions an entity under the Seychelles Financial Services Authority (FSA) named Fx Pro Assets Trade Global. Moreover, the bottom of the broker's webpage indicates that the website copyright belongs to Raw Trading Ltd.
Upon verification, it turns out that there is no financial regulatory body named "Financial Services Authority of the United States". International Capital Markets Pty Ltd's registration number is actually 123 289 109, and both this entity and Raw Trading Ltd are corporate entities of broker IC Markets. The ASIC's official website does not list any entity with a license number of 742853. Similarly, CySEC did not have any entity registered with license number 443/16, and the SCB does not have a financial category named PIA. Additionally, the Financial Services Authority (FSA) of Seychelles also does not have an entity registered under the name Fx Pro Assets Trade Global.
Therefore, the corporate registration and regulatory information displayed on the Fx Pro Assets Trade Global official website are partially fabricated and partially stolen from other companies.
Opening an Account:
To open an account with Fx Pro Assets Trade: visit the broker's official homepage, click on “OPEN AN ACCOUNT” to enter the account registration page, fill in the personal registration information as required and submit. Once submitted, the account will be successfully registered.
Trading Accounts:
Fx Pro Assets Trade offers three different types of trading accounts: cTrader Account, Raw Spread Account, and Standard Account.
cTrader Account:
- Trading platform: cTrader
- Commission per lot: $3.0 (round turn $6.0)
- Spread: Starts from 0.0 pips
- Minimum initial deposit: $200
- Leverage: 1:500
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading styles: All
- Order distance restriction: None
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Commission per lot: $3.5 (round turn $7.0)
- Spread: Starts from 0.0 pips
- Minimum initial deposit: $200
- Leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading styles: All
- Order distance restriction: None
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Commission per lot: $0.0
- Spread: Starts from 0.6 pips
- Minimum initial deposit: $200
- Leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Stop-out level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading styles: All
- Order distance restriction: None
- Programming language: MQL4
Trading Platforms:
The Fx Pro Assets Trade official website claims to offer MT4, MT5, and cTrader as trading platforms, but does not provide relevant download links, and these platforms do not list a broker named Fx Pro Assets Trade.
Deposits and Withdrawals:
Fx Pro Assets Trade supports deposits and withdrawals using credit/debit cards, e-wallets, and other methods.
Summary:
Traderknows reminds investors that Fx Pro Assets Trade is actually an unregulated scam website. It is recommended that investors choose brokers with transparent information, strong regulatory oversight, and good reputations for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
