Fxpro Cyprus review by miniforex.com, FxPro is a globally recognized name in the forex and CFD trading industry. Among its regulated entities, FxPro Cyprus stands as one of its most reputable divisions, offering trading services to clients across Europe and beyond. Operating under the legal and regulatory framework of Cyprus, this branch of FxPro provides investors with an efficient, transparent, and secure environment for online trading.
This detailed article answers all essential questions about FxPro in Cyprus, including its physical address and phone number, regulatory license, legal status of forex trading in Cyprus, taxation policies, and investor protection mechanisms. If you’re considering trading with FxPro in Cyprus or seeking to understand how regulation works in this jurisdiction, you’re in the right place.
FxPro Cyprus Overview
FxPro in Cyprus is officially operated under the name FxPro Financial Services Ltd, a part of the broader FxPro Group. This entity is licensed by the Cyprus Securities and Exchange Commission (CySEC), ensuring that it adheres to all applicable laws governing financial services in the region.
With a strong foundation, CySEC regulation, and years of operational experience, FxPro in Cyprus offers a wide selection of trading instruments including:
-
Foreign exchange (Forex)
-
Indices
-
Stocks
-
Metals
-
Energies
-
Futures
-
Cryptocurrency CFDs
Traders benefit from access to industry-leading platforms such as MetaTrader 4, MetaTrader 5, cTrader, and the proprietary FxPro Edge platform.
FxPro Cyprus Address and Phone Number
FxPro Financial Services Ltd operates its Cyprus office from the heart of Limassol, a central hub for financial services in the country. Below is their official contact information:
FxPro Cyprus Address:
Karyatidon 1, Ypsonas 4180,
Limassol, Cyprus
FxPro Cyprus Phone Number:
+357 25 969200
This office serves as the registered and operational base of FxPro in Cyprus, offering customer service, compliance support, and management of trading activities for clients throughout Europe.
FxPro Cyprus Regulation Number
FxPro Financial Services Ltd is fully licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). This regulatory body is responsible for overseeing investment firms and ensuring compliance with European Union directives such as MiFID II (Markets in Financial Instruments Directive).
-
CySEC License Number: 078/07
This license enables FxPro to offer investment and ancillary services in compliance with EU standards, providing clients with peace of mind regarding the firm’s operational integrity and fund security.
Is FxPro Regulated in Cyprus?
Yes, FxPro is regulated in Cyprus through its Cypriot legal entity, FxPro Financial Services Ltd. Being regulated by CySEC means FxPro must:
-
Maintain segregated accounts for client funds
-
Submit to regular audits and reporting
-
Uphold stringent anti-money laundering policies
-
Provide transparent pricing and fair order execution
Regulation by CySEC also makes FxPro a passported broker in the European Economic Area (EEA), allowing it to operate across the EU while adhering to consistent regulatory standards.
Is Forex Trading Legal in Cyprus?
Forex trading is entirely legal in Cyprus. In fact, Cyprus has become one of the major hubs for forex and CFD trading in Europe, largely due to its strong regulatory infrastructure, pro-business environment, and adherence to EU directives.
The country is home to many leading brokerage firms, and CySEC plays a pivotal role in maintaining the legitimacy and reputation of financial services within Cyprus. Traders residing in Cyprus or those who open accounts with Cyprus-regulated brokers such as FxPro are fully within their legal rights to engage in forex trading activities.
Is Profit from Trading Taxed in Cyprus?
Yes, profits from trading can be subject to taxation in Cyprus, although the structure is relatively favorable for both residents and non-residents. Here’s how it generally works:
1. Personal Trading
For individual retail traders, profits earned from trading CFDs or forex are not usually taxed as income unless trading is their primary occupation. Occasional or hobbyist traders may not face any tax liability. However, it is important to report any significant gains.
2. Professional or Frequent Traders
If trading is deemed your main profession or source of income, the profits may be taxed under personal income tax brackets. You may also be liable for social insurance contributions if registered as self-employed.
3. Corporate Trading
If you operate a trading business under a registered company, profits are typically taxed under corporate tax laws, which include:
-
Corporate tax rate: 12.5% on net profits (one of the lowest in the EU)
-
Dividend tax exemptions (under specific conditions)
Disclaimer: For accurate and up-to-date information on taxation, it is always recommended to consult a licensed tax advisor or accountant familiar with Cyprus tax laws.
Is Investor Protection Available in Cyprus?
Yes, FxPro Cyprus clients benefit from investor protection schemes, which enhance client safety and financial trust. Cyprus-based brokers must comply with a range of protective measures mandated by CySEC.
1. Segregated Client Funds
Client deposits are kept in segregated bank accounts, separate from the company’s operational funds. This ensures that even in the case of the broker’s insolvency, client funds remain protected.
2. Investor Compensation Fund (ICF)
FxPro in Cyprus, being regulated by CySEC, is a member of the Investor Compensation Fund (ICF). This fund serves to protect eligible retail clients by offering compensation in the event that a member firm fails to meet its obligations.
-
ICF Compensation Limit: Up to €20,000 per eligible client
This scheme reinforces financial confidence and makes FxPro a safe and reliable choice for traders looking to operate in a regulated jurisdiction.
3. Negative Balance Protection
As per EU regulations, retail traders receive negative balance protection, ensuring they can never lose more than their deposited capital — a critical risk-management feature for volatile markets.
Why Choose FxPro?
FxPro offers several advantages to traders, especially those based in or operating within Europe:
-
CySEC Regulation: Licensed and closely monitored by a reputable EU regulatory body
-
Investor Protection: Coverage through the ICF and compliance with MiFID II standards
-
Advanced Trading Platforms: Access to MT4, MT5, cTrader, and FxPro Edge
-
Fast and Transparent Execution: No dealing desk intervention for most orders
-
Multilingual Support: Available to cater to a global client base
-
Educational Tools: Webinars, tutorials, economic calendars, and market analysis
For those seeking a well-regulated and investor-friendly trading environment, FxPro provides a balanced mix of technology, security, and compliance.
Conclusion
FxPro stands as a benchmark of transparency, compliance, and client protection in the European forex and CFD trading space. Regulated by CySEC under license number 078/07, the firm adheres to strict operational guidelines, ensuring a safe and legal trading environment for its users.
From maintaining segregated client funds and offering negative balance protection, to providing access to the Investor Compensation Fund, FxPro proves its commitment to financial integrity. Moreover, forex trading is entirely legal in Cyprus, and the nation’s favorable tax structure makes it an attractive base for traders and brokers alike.
Whether you’re new to the markets or an experienced investor looking for a secure European-regulated broker, FxPro in Cyprus is well-positioned to meet your trading needs with professionalism and transparency.
Fxpro Cyprus office address
Fxpro Cyprus address is: Karyatidon 1, Ypsonas 4180, Cyprus, Karyatidon 1, Ypsonas 4180, Cyprus
Fxpro Cyprus phone number
Fxpro phone number Cyprus: +357 25 969200