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FXPB Forex broker specializes in providing foreign exchange trading services, the company's official website https://fxpb.us/m/jo..., the company's legitimate regulatory information United KingdomFCAMarket Maker (MM), CyprusCYSECMarket Maker (MM) to enhance the security of the company's address

FXPB Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

FX PROFIT BROKER

Abbreviation

FXPB

Company employee

Customer Service Email Address

SUPPORT@FXPB.UK

Contact Number

+44 7520619746

Company Website

https://fxpb.us/site/default1.aspx

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Registered Country United Kingdom Company Name FXPB Regulation Claims to be regulated by CySEC and the FCA, but suspicions of fraud Minimum Deposit ₹4,050 (ECN Standard Account) Account Types ECN Advanced, ECN XL, ECN Standard Customer Support Email (SUPPORT@FXPB.UK), Phone Website Status Forever down Overview FXPB, a company purportedly based in the United Kingdom, presents itself as a brokerage service for traders. However, doubts have been raised regarding its legitimacy, primarily due to claims of regulation by CySEC and the FCA, which are suspected to be fraudulent. The minimum deposit required for an ECN Standard Account is ₹4,050, with multiple account types available to cater to different trading preferences. Despite offering customer support via email and phone, the company's website remains perpetually unavailable, contributing to concerns about its credibility. Overall, FXPB's reputation is tarnished by suspicions of being a potential scam. Regulation FXPB claims to be regulated by both the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom, with license numbers 278/15 and 717270, respectively. However, there are suspicions that these licenses may be clones or fraudulent. Traders should exercise caution and thoroughly investigate the legitimacy of FXPB's regulatory claims before engaging in any transactions with the platform. Pros and Cons FXPB presents several concerning aspects amidst its offerings. While it claims regulatory compliance with CySEC and the FCA, doubts persist about the authenticity of these licenses. Additionally, the perpetual unavailability of its website adds to suspicions surrounding the platform's legitimacy. Moreover, the lack of transparency in customer support and limited communication channels exacerbate concerns. Traders are strongly advised to proceed with caution and conduct thorough due diligence before considering any transactions with FXPB. Pros Cons None FXPB's regulatory claims with CySEC and the FCA are suspected to be fraudulent. The website of FXPB is forever down, casting doubts on its reliability. Customer support lacks transparency and offers limited communication channels. Account Types FXPB offers three different account types: ECN Advanced Account: This account requires a minimum deposit of ₹20,00,000 or more. It likely provides advanced features and benefits tailored for high-volume traders or institutional clients. ECN XL Account: Although details are not provided, this account type may offer features similar to the ECN Advanced Account but with a lower minimum deposit requirement of ₹450,000, making it accessible to traders with a significant but slightly smaller capital base. ECN Standard Account: This account type requires a minimum deposit of ₹4,050. It is likely suitable for retail traders who want access to ECN trading with a lower initial investment, offering standard features and trading conditions. Customer Support FXPB's customer support, despite providing an email address (SUPPORT@FXPB.UK) and a phone number (+44 7520619746) for contact, falls short in several aspects. There's a lack of transparency and availability of alternative means of communication beyond email and phone, which may leave customers feeling restricted in their options. Moreover, the absence of a dedicated customer support portal or live chat feature makes it challenging for clients to swiftly resolve issues or seek assistance, potentially leading to frustration and dissatisfaction with the service. Conclusion In conclusion, FXPB's claims of regulation by CySEC and the FCA, coupled with a perpetually inaccessible website, raise significant red flags regarding its legitimacy. The lack of transparency in customer support and limited communication channels further compound concerns. Traders are strongly advised to exercise extreme caution and conduct thorough due diligence before considering any transactions with FXPB. FAQs Q1: Is FXPB regulated？ A1: FXPB claims to be regulated by CySEC and the FCA, but there are doubts about the authenticity of these licenses. Q2: What are the account types offered by FXPB？ A2: FXPB offers three account types: ECN Advanced, ECN XL, and ECN Standard, catering to different trading preferences and capital levels. Q3: How can I contact FXPB's customer support？ A3: You can reach FXPB's customer support team via email at SUPPORT@FXPB.UK or by phone at +44 7520619746. Q4: What is the minimum deposit required for an ECN Standard Account？ A4: The minimum deposit for an ECN Standard Account with FXPB is ₹4,050, making it accessible to retail traders with smaller capital bases. Q5: Is there live chat support available on FXPB's website？ A5: No, FXPB does not offer live chat support on its website, limiting immediate assistance options for clients. Risk Warning Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

FXPB broker review

Is FXPB safe or scam

Rating Index

Pros/Cons

Accounts

Pros

No commissions on trading operations, which can enhance profitability for traders.

Offers a variety of trading instruments and allows the use of multiple trading strategies, catering to diverse trading styles.

Claims to provide fast execution of trades with low spreads, potentially benefiting active traders.

Cons

Lacks transparency regarding regulatory status and does not provide verifiable licensing information, raising concerns about legitimacy.

Limited communication options for customer support, which may hinder timely assistance for traders facing issues.

Suspicion of inflated client statistics and trading volume, suggesting potential manipulation or lack of credibility.

How to login to FXPB?

fxpb Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a fxpb Account Registering for a fxpb account is the first step to accessing a wide range of trading opportunities. Follow these detailed steps to complete the regis

FXPB Broker - Complete Information Guide

1. Broker Overview

FXPB, officially known as FX Profit Broker, is a forex brokerage that was established in 2020. The broker is headquartered in Vanuatu and claims to operate with a focus on providing services to both retail and institutional clients. FXPB positions itself as a provider of over 200 trading instruments, including forex, CFDs, and commodities, aiming to cater to a diverse client base.

The company operates under a private ownership structure and has made considerable claims regarding its trading volume and client base, stating that it serves thousands of clients globally. However, the transparency surrounding its operational history is limited, as the company is relatively new to the market.

FXPB's business model primarily revolves around retail forex trading, offering various account types and trading conditions to attract a wide range of traders. The broker emphasizes its commitment to providing a robust trading environment, though there are concerns regarding the legitimacy of some of its claims.

2. Regulatory and Compliance Information

FXPB claims to be regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA). However, these claims have been met with skepticism due to inconsistencies in their leverage offerings, which exceed the limits set by these regulatory bodies.

Regulatory Numbers:
CySEC: Not provided
FCA: Not provided

The broker's licenses are purportedly valid for offering forex trading services, but the absence of clear documentation raises questions about their authenticity. Furthermore, FXPB has faced warnings from regulatory authorities, indicating that it may not be a legitimate financial service provider.

Client funds are claimed to be held in segregated accounts, which is a standard practice aimed at protecting investor capital. However, the broker's participation in any investor compensation fund remains unclear, which could pose risks for clients in the event of insolvency.

FXPB asserts compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, although details on their specific practices are not readily available.

3. Trading Products and Services

FXPB offers a diverse range of trading products designed for both retail and institutional clients. The broker provides access to over 200 forex currency pairs, including major, minor, and exotic pairs. Additionally, FXPB features various CFD products spanning categories such as indices, commodities, stocks, and cryptocurrencies.

Forex Pairs: Over 200, including major pairs like EUR/USD, GBP/USD, and USD/JPY.
CFD Products:
Indices: Major global indices.
Commodities: Gold, silver, oil, and agricultural products.
Stocks: Access to shares of major companies.
Cryptocurrencies: Various digital currencies available for trading.

The broker claims to frequently update its product offerings, although specific details regarding new additions are not provided. FXPB is positioned to cater to retail traders with its user-friendly trading environment, while also extending services to institutional clients through tailored solutions.

4. Trading Platforms and Technology

FXPB supports the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, providing clients with access to advanced trading tools and features. The broker also claims to offer a proprietary web-based trading platform accessible via browsers, enhancing flexibility for traders.

Platform Support:
MetaTrader 4/5: Fully supported for desktop and mobile devices.
Web-Based Platform: Available for seamless trading without software installation.
Mobile Applications: Compatible with iOS and Android devices.

FXPB operates on an ECN (Electronic Communication Network) model, which is designed to facilitate direct market access for traders. The broker emphasizes low latency and fast execution speeds, essential for high-frequency trading strategies.

Additionally, FXPB claims to offer API integration for automated trading, enabling clients to implement algorithmic trading strategies effectively. However, the specifics of their technological infrastructure and server locations are not disclosed, leaving potential clients with limited information on performance reliability.

5. Account Types and Trading Conditions

FXPB provides a variety of account types tailored to meet the needs of different traders. The primary account types include:

Standard Account:
Minimum Deposit: $250
Spread: Starting from 0 pips
Commission: $12 per lot
VIP Account:
Minimum Deposit: $5,000
Spread: Starting from 0 pips
Commission: $6 per lot
Islamic Account: Available for clients requiring Sharia-compliant trading options.

The broker offers leverage up to 1:500, which is significantly higher than what most regulatory bodies allow. The minimum trade size is set at 0.01 lots, accommodating both novice and experienced traders. FXPB also implements overnight fees, which vary based on the account type and trading positions held.

6. Fund Management

FXPB supports a range of deposit methods, including bank transfers, credit cards, and various e-wallets. The minimum deposit requirements vary by account type, with the standard account starting at $250.

Deposit Methods:
Bank Transfers
Credit Cards (Visa, MasterCard)
E-wallets (Skrill, Neteller)
Withdrawal Methods: Similar to deposit methods, with processing times typically within 1 business day.

The broker does not charge fees for deposits, while withdrawal fees may apply depending on the method used. The processing time for withdrawals generally ranges from 24 to 48 hours, ensuring timely access to funds. However, clients must be aware of any potential limitations or fees associated with specific withdrawal methods.

7. Customer Support and Educational Resources

FXPB offers customer support through various channels, including email, live chat, and phone. However, the availability and responsiveness of support services have been questioned by users.

Support Channels:
Email: support@fxpb.com
Live Chat: Available on the website
Phone Support: Limited availability

The broker claims to provide multilingual support, catering to clients from diverse regions. Educational resources include webinars, tutorials, and market analysis reports, aimed at enhancing traders' knowledge and skills.

Educational Resources:
Webinars on trading strategies and market analysis
Comprehensive tutorials covering platform usage
Daily market analysis and research reports

8. Regional Coverage and Restrictions

FXPB primarily serves clients in various regions, with a focus on emerging markets. The broker has established a presence in several countries, although specific office locations are not disclosed.

Main Markets: Focus on retail traders and institutional clients globally.
Regional Offices: Claims to have 10 international offices, though exact locations are not provided.
Restricted Regions: FXPB does not accept clients from the United States and Canada, among other jurisdictions.

The broker's operational restrictions are influenced by regulatory compliance and market accessibility, which may limit its client base in certain regions.

In conclusion, while FXPB presents itself as a comprehensive forex and CFD broker with a wide range of trading products and services, potential clients should exercise caution due to the regulatory concerns and lack of transparency surrounding the brokerage.

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