FxPro Regulation: Legal Entities, Licences and Russia

In short: what 'regulation' means in practice

A broker's licence is not a single global status; it is a set of permissions held by different companies in the group. FxPro publicly lists several such companies, and the client signs a contract with only one of them. That legal entity determines which regulator handles complaints, which protection regime applies, and which instruments are available. Therefore you need to check not the brand but the specific organisation named in your contract.

The FxPro licences page (fxpro.com/about/licences) lists FxPro UK Limited with FCA registration 509956 and FxPro Global Markets Limited with a Bahamas SCB licence SIA-F184. It also states a partnership with Invemonde Trading Ltd under Seychelles FSA licence SD120. This is the company's own data, not the conclusion of an independent check. Below we explain how to match it to your situation.

Map of licences and jurisdictions

The summary table helps show how different the regimes behind one name can be. Links lead to official records where these could be confirmed.

Terms and availability depend on your place of residence and the company servicing the account, as stated directly in the legal information (fxpro.com/documents/legal-information). Restrictions are also listed there, including the USA, Iran and Canada. The list should not be considered exhaustive for your country: it may change.

How to identify the contracting entity before registration

The visitor's task is not to choose the 'best licence' but to understand who exactly you will sign a contract with and whether that regime suits you. Steps:

1. Open the legal information on the broker's website and find the wording that services depend on the country of residence.
2. Go to the step where, before depositing funds, the name of the company servicing the account and the jurisdiction are shown. Record these details.
3. Check the name against the regulator's register: the FCA, CySEC and other authorities have public searches by firm and licence number.
4. Compare account terms: margin rules, negative balance procedures and protection regime may differ between legal entities.
5. Read the client agreement of the entity named in step 2, not the brand's general pages.

It helps to remember that the Russian-language version of the site is an interface language, not confirmation of the right to serve clients in Russia. The same applies to the French and Spanish versions: they do not guarantee access in France or Spain. Language does not equal market admission.

Russia: the Bank of Russia entry and what it means

For Russian users, the key reference is the entry in the Bank of Russia's warning list (cbr.ru, entry id=4001). It names 'Fx Pro, FXRed' and the category: signs of an illegal professional participant in the securities market. The entry mentions the domains fxpro.com and fxpro.ru, the date added is 24.01.2024, and the displayed update date is 22.10.2026.

How to understand this correctly. The warning list is a public signal from the regulator about signs of illegal activity, not a court ruling and not a verdict on a specific company. It does not replace a search of the licence register and does not allow an automatic conclusion to be transferred to all sites with similar names. The wording matters: it refers to signs recorded in a specific entry on a specific date.

The practical conclusion is simple: a foreign licence is not a Russian licence. The presence of FCA, CySEC or SCB for one of the group's companies does not create permission for it to operate in Russia and does not cancel the content of the Central Bank entry. If you are in Russia, this circumstance should be considered separately from arguments about foreign licences.

Segregation of funds, negative balance and the limits of protection

FxPro materials state that client funds are segregated and that negative balance protection applies under contractual terms (source). Let us explain what this means without exaggeration.

Segregation means that client money is recorded separately from the company's funds. This is an organisational separation measure, not insurance of trading results. Negative balance protection applies under the terms of the contract and does not reimburse trading losses. Neither guarantees profit nor insures against loss from market movements.

FSCS membership is another example of protection limited in scope. It applies to certain types of claims and client status and relates to the UK company, not the entire group. British mechanisms cannot be extended to a Bahamas or Seychelles entity. If the level of protection is critical for you, first clarify which company runs your account and only then check which mechanisms apply to it.

We do not provide personal investment advice. This material describes documents and regulatory facts, and the decision to work with any broker remains yours.

What to compare when reading regulatory pages

Regulatory pages often contradict promotional ones, and that is normal: they serve different purposes. Useful checks:

• Does the company name on the licences page match the name in the client agreement and on the account.
• Is the licence number stated and is it present in the regulator's public register.
• Does the claimed protection relate to the legal entity that will open your account.
• Are there discrepancies between the broker's global page and the register entry: for example, the CySEC record confirms the company exists but does not confirm account opening in all EU countries.

Compare dates as well. If a document looks old, check the current product page or terms. Regulatory records and service conditions change, and it is better to rely on a current source rather than an old wording.

What this analysis does not claim

The boundaries of the material matter no less than its content. We do not claim that services are available in any specific country: availability depends on residence and the contracting entity and has not been verified here. We do not state any partnership with the broker, account testing or verified client reviews. We also do not publish profit guarantees, ratings, statistics, bonuses or promo codes.

Exact commission and swap amounts, maximum leverage and application processing times depend on the specific account and company, so we do not present them as universal. They should be checked in the specifications for your legal entity. Finally, we do not ask you to disable security features, and we do not accept funds, passwords or identity documents. Our directory is independent and does not open brokerage accounts.

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