FXPro International is using that specific name to try and fool investors. The real FXPro is a legit broker that is known the world over. By adding the world International, the broker wants to have a global appeal. FX Pro International has made a few mistakes; these mistakes separate them from a legit broker. Thanks to our keen eyes, we have spotted the red flags and plan to share them with you. Read this entire FXPRO INTERNATIONAL review for more.
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About FXPro International
Apart from having an appealing website, everything else is a hoax. The broker has made sure that their website looks like a professional trading platform. For newbies, we would understand why they would quickly sign up.
It’s wise to read reviews before jumping on any trading venture. The online investment world is full of scam artists waiting to pounce on naïve investors. Our reviews plan to expose each scam artist on the horizon.
The sign-up process is easy and fast, and the user must open an account using an email or phone number. It’s the verification part that makes us question the intent of this platform. To verify your account, the broker demands a copy of your ID and card information.
This is a clear sign that the broker is violating personal space. No sane broker would ask for such crucial documents. Account verification should be sent via email or a code sent to your phone.
Assets and trading instruments
Usually, a broker openly informs users of the available trading instruments. This broker, on the other hand, fails to do so. You have to first sign up before knowing the available trading instruments.
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And this is a huge problem as we don’t get to see the trading conditions. The broker is doing so to take advantage of naïve investors. Once you sign up, you will notice that the leverage is way above the regulator’s cap maximum.
FXPro International claims that this is a platform led by a group of companies. The information on who owns the website is only available in small bits. You can read about it at the bottom left-hand side of their homepage.
What we deduce from the website is that this is an anonymous website. We don’t get the names of any investors of these companies. There’s no mention of the CEO or CFO of at least one of the companies. And that makes the platform a hard sell for us.
Most trading forums are full of complaints and disgust over the platform’s handling of funds. There are a few members who claim that the platform works, and they have made withdrawals. Once other members ask for proof, these platform members fail to prove it.
We believe that the broker is also using a strong media campaign to sell their platform. There’s also another issue regarding their social media presence. We couldn’t find any profile on leading social media platforms.
Domain background (fxproint.com review)
According to domain checker tools, this platform is 61 days old as of publishing this post. The name of the registrant is withheld. Records show that the name is redacted for privacy reasons.
Within a short time, the broker has already garnered complaints from some users. It’s a telling sign of worse things to come. With the broker trying to use a legit platform’s name, authorities will soon take over.
Features of FXPro International
Account and plans
Despite claiming to offer CFDs on all assets, FXPro International doesn’t have any account types. Once you sign up, the broker will assign an account manager who keeps you up to date.
You won’t get the chance to trade as the platform claims to trade on your behalf. Members don’t even get to see the trading platform working. There’s no minimum deposit amount listed on the homepage. It goes to show how ill-prepared the broker was when designing the website.
They claim that you get an experienced and professional manager is false. We did notice that most of these managers have an Indian accent. This has led us to believe the broker hires call agents from India to act as account managers.
These agents will try and convince members to deposit more funds. The call agents get their commission from deposits made by victims. In reality, there’s no account manager available to help users with day-to-day trading needs.
Contact and support
There’s a chat tool that stays for hours before responding. This is a bot service that redirects users to an email or asks for your phone number. Once you give your phone number, the call agents start compelling you to sign up.
You will also notice that the platform does not have any phone number. All you get is an email that indicates the broker is trying to control the communication process.
The platform does not mention any deposit or withdrawal options. You only get to see a ‘recent payout’ page with false claims of releasing funds. The truth is that the broker will accept any form of deposit.
Withdrawing funds with Fxproint.com is next to impossible. No one has had the chance to withdraw funds with this platform. The payouts are just a ploy to entice users to sign up with the platform.
Even as we speak, the broker has not mentioned the availability of a trading platform. When trading with a legit broker, we recommend using MT4, MT5, or SIRIX platforms. Any other platform will lack the necessary tools.
FXPro International License and Registration
FXPro International is not a valid broker, and as such, investors should ignore it. There’s no mention of any compliance on their page. We don’t know their area of residence, which would have helped with knowing the regulator.
What is clear is that fxproint.com is an offshore broker that fails to have any license. All regulators we reached out to don’t have a broker licensed with the above name.
Safety of funds with FXPro International
There’s no safety of funds with a broker who fails to have any license. We suspect that the broker is funneling funds to their personal bank accounts. Segregation of accounts is not available within the platform.
You won’t even get any compensation once the broker goes bankrupt or faces insolvency. This is why you need a regulated broker to protect you from such scenarios.
Scam or Legit FXPro International
FXPro International is a scam, and there’s no doubt about it. The platform is mimicking a legit broker and tries to steal their shine. With only a few days old, the broker already faces complaints from members. We hope authorities will look into it and shut down the website.
Since the broker is a clear scam, there’s no way we would recommend anyone to try it. Please stay away from fxproint.com.
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