XPro Markets is a South African Forex broker established in 2020, providing investors with trading services in Forex, metals, commodities, stocks and indices. XPro Markets' website indicates that it is regulated or authorised by the Financial Partial Conduct Authority of South Africa (FSCA), and FSCA enquiries indicate that this regulatory or authorised information is true.
Company background:
According to the XPro Markets website, the company and its affiliate IGM Forex Ltd are incorporated in South Africa and Cyprus respectively. Although the Company's registration information cannot be queried and verified through the relevant South African government website, a query on the website of SA Company, a third-party corporate data provider in South Africa, shows that the company's registration in South Africa is true. A search on the Cyprus Companies Section website shows that IGM Forex Ltd's registration in Cyprus is also true. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on May 1, 2019, and the domain name registration time has been more than 4 years ago.
Account Registration:
According to the XPro Markets website, the company provides investors with a link to register for a real account. The way to register a real account is: Click "Create account" in the upper right corner of XPro Markets official website, or click "START TRADING NOW" on the left side of the home page of XPro Markets official website to enter the account registration page. Select or fill in your name, Email address, telephone number and password as required, click "OPEN ACCOUNT", continue to select or fill in the country, address, city, date of birth, select the contents of the questionnaire, upload the identity certificate and address proof documents, and then you can complete the real account registration. The XPro Markets official website account registration page is available in Simplified Chinese, Traditional Chinese, English, German, French, Spanish, Portuguese, Italian, Korean, Thai, Malay, Arabic. However, the XPro Markets website does not provide a link to sign up for a demo account.
Account Type:
According to the official website of XPro Markets, the company provides investors with five different types of trading accounts: Classic Account, Silver Account, Gold Account, Platinum Account and VIP Account. In addition, the XPro Markets website also provides the differences between the five accounts in terms of minimum deposit amount, spreads, overnight interest and customer service.
Trading Products:
According to the official website of XPro Markets, the company provides trading services for investors in foreign exchange, metals, commodities, stocks and indices. In addition, the official website of XPro Markets not only provides specific trading products covered by Forex, metals, commodities, stocks and indices, but also provides the minimum trading unit, maximum trading unit, overnight interest of specific trading products, as well as the spread information of specific trading products covered by Forex, metals, commodities, stocks and indices under different accounts.
Margin ratio:
XPro Markets not only shows on the homepage of the official website that it offers investors up to 1: 400 Margin (leverage) ratio, and "Account Type" shows that it is the margin (leverage) ratio of foreign exchange, metals, commodities, stocks, and indexes under different account types, and also provides the maximum margin (leverage) ratio information of foreign exchange, metals, commodities, stocks, and specific trading products covered by indexes in the "Product Specifications".
Trading Hours:
The XPro Markets website does not provide trading hours for specific trading products covered by Forex, metals, commodities, stocks and indices.
Deposits and Withdrawals:
XPro Markets provides information on the channels or methods of deposit and withdrawal supported by XPRO Markets, the currency of deposit and withdrawal, as well as the time of deposit and withdrawal and the cost of deposit and withdrawal in the "Frequently Asked Questions".
Trading Software:
XPro Markets website information shows that the company provides investors with self-developed Webtrader trading software, which supports the computer version (Winodws/MacOS) and mobile version (IOS/Android).
Other services:
According to the XPro Markets website, the company provides Trading Central, economic calendar and chart analysis services for investors. Trading Central is a service provider of investment research and financial market technical analysis, providing financial market technical analysis services to investment banks, hedge funds, office traders and brokers. The economic calendar can help investors understand the economic data or financial events that have happened or are about to happen in the financial markets. Chart analysis is Trading Central's strategy to provide investors with specific trading products covered by Forex, metals, commodities, stocks and indices.
Regulatory information:
XPro Markets is regulated or authorised by the South African Financial Sector Conduct Authority (FSCA) and its affiliate IGM Forex Ltd is regulated or authorised by the Cyprus Securities and Exchange Commission (CySEC). A search on the websites of the South African Financial Sector Conduct Authority (FSCA) and the Cyprus Securities and Exchange Commission (CySEC) shows that the regulatory or authorisation information obtained by the company and its affiliate IGM Forex Ltd from these authorities is true.
Summary:
XPro Markets is a normal broker. On the one hand, the XPro Markets website shows that the company and its affiliate IGM Forex Ltd are incorporated in South Africa and Cyprus respectively. Although the Company's registration information cannot be queried and verified through the relevant South African government website, a query on the website of SA Company, a third-party corporate data provider in South Africa, shows that the company's registration in South Africa is true. A search on the Cyprus Companies Section website shows that IGM Forex Ltd's registration in Cyprus is also true. On the other hand, the XPro Markets website shows that the company and its affiliate IGM Forex Ltd are regulated or authorised by the South African Financial Sector Conduct Authority (FSCA) and the Cyprus Securities and Exchange Commission (CySEC) respectively. The query results show that the regulatory or authorization information obtained by the company and its affiliate IGM Forex Ltd from the above institutions is true. According to this, XPro Markets is a normal broker. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
