FXPD Review

About FXPD

FXPD provides trading via MetaTrader 4 (MT4), WebTrader, and mobile apps for iOS and Android and claims to offer access to over 300 instruments, including forex, commodities, indices, and share CFDs. FXPD markets “interbank grade, RAW ECN spreads,” and “super-fast trade execution” along with “segregated custody.”

No regulatory authority or licensing information is mentioned on the website. Contact details such as a physical address or phone number are absent, and only an email contact appears to be provided. FXPD advertises extremely high leverage (up to 1:1000) on a “Standard STP Account.” An independent analysis by BrokersView categorizes FXPD as an unregulated entity with “anonymous” corporate structure and warns that such high leverage exceeds norms for legitimate brokers.

FXPD maintains an Anti‑Money Laundering (AML) policy that includes standard Know Your Customer (KYC) procedures, client activity monitoring, record keeping for at least seven years, and deposit/withdrawal rules enforcing same‑name origin and FIFO processing. However, these procedures do not compensate for the lack of regulatory oversight.

Pros and cons

Pros

• Offers MT4, WebTrader, and mobile platforms for trading over 300 instruments across asset classes.
• Implements AML/KYC policies and segregated custody as stated on its website.

Cons

• No regulatory licenses or oversight are disclosed.
• Offers extraordinarily high leverage up to 1:1000, which deviates from industry norms for regulated brokers.
• Corporate information and contact details are minimal or entirely lacking, raising transparency concerns.