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XPro Markets Review

Table Of Contents

Table Of Contents

XPro Markets Logo
🌐 Website
🏠 Company Ukuchuma Financial Services (PTY) Ltd & IGM Forex Ltd
📌 Address Office 1-14 1ST Floor Workshop17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa
☎️ Phone +27870948672 +27101573383
📧 Email
⚖️ Regulation FSCA 


In today’s fast-moving online trading world, picking the right broker is crucial for your success. XPro Markets is a player in this space, claiming to offer a wide range of trading options and different kinds of accounts.

But how trustworthy is this platform? In this review, we’ll dig into the details about XProMarkets to help you make a smart choice.

We’ll look at its background, the types of assets you can trade, and the account options they provide.

XPro Markets Details

XPro Markets is an online trading broker, owned by Ukuchuma Financial Services (PTY) Ltd and IGM Forex Ltd. The firm lists its address as Office 1-14, 1st Floor, Workshop17, 138 West Street, Sandown, Sandton, Gauteng 2196, South Africa.

For communication, their support team is available via phone at +27870948672 and +27101573383, or by email at

The company’s website can be accessed at

It’s imperative to proceed with caution and conduct thorough research before initiating any interactions with online trading platforms, including XPro Markets.

To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: and CMCBmarkets.

Regulatory Framework and Company Affiliations

Regulatory Approval by FSCA


One of the key factors that contribute to the credibility of a broker is its regulatory affiliations. XPro Markets claims to be operated by Ukuchuma Financial Services (PTY) Ltd, which is authorized and regulated by The Financial Sector Conduct Authority (FSCA) of South Africa.

After inspect the register of the FSCA, it turns out that Ukuchuma Financial Services (PTY) Ltd is indeed listed. This adds a layer of authenticity and regulation to the brokerage, ensuring a certain degree of reliability.

Group Affiliations and CySEC Regulations


XPro Markets asserts that it’s part of a corporate family, sharing affiliations with Ukuchuma Financial Services (PTY) Ltd and IGM Forex Ltd. According to their claims, both of these companies are part of the same group.

While IGM Forex Ltd is indeed regulated by the Cyprus Securities and Exchange Commission (CySEC), a detail that might seem reassuring, there’s a catch.

The CySEC-approved domain for IGM Forex Ltd is, not What this means is that even though XPro Markets is claiming this association, clients using their platform will not enjoy the added layer of security that comes from CySEC regulation.


Warnings from Malaysian Authorities

While the broker is authorized by FSCA, the Securities Commission Malaysia has issued a warning against XProMarkets. According to the warning, the brokerage is “carrying on unlicensed capital market activities of dealing in securities” in Malaysia.


This raises concerns about its global credibility and suggests potential legal hurdles that could affect traders in specific jurisdictions.

Trading Asset Offerings and Account Types

A Diverse Asset Portfolio

  • Forex: Trade on a variety of currency pairs, major and minor.
  • Commodities: Options include trading in resources like oil and gold.
  • Cryptocurrency: Provides access to popular digital currencies such as Bitcoin and Ethereum.
  • Indices: Opportunity to invest in stock market indices.
  • Metals: An attractive option for those looking at precious metals.
  • Shares: Offers a plethora of stocks from various sectors.

Flexible Account Types


XPro Markets provides traders with five different types of accounts to cater to various trading needs and preferences:

  • Classic: Comes with spreads starting from 2.5 and leverage up to 1:400. Offers over 160+ tradable assets.
  • Silver: Offers spreads from 0.07 and leverage up to 1:400. No deposit limit and access to 160+ assets.
  • Gold: Spreads begin at 0.05 with the same leverage options. Unlimited deposit and access to 160+ assets.
  • Platinum: Lower spreads at 0.03 and leverage up to 1:400. Again, no deposit limit and 160+ assets.
  • VIP: Spreads from 0.09, leverage up to 1:400, and 160+ assets to trade on.


XPro Markets offers an array of features that may appeal to diverse traders. Its regulation under the FSCA offers some level of assurance.

However, it falls short in the department of global regulatory compliance, particularly with the Malaysian warning, and does not offer the same level of security that CySEC provides.

The brokerage does offer a variety of asset classes and account types, making it flexible for traders with different preferences and risk tolerances.

Got Scammed by XPro Markets?

If you have lost money with XPro Markets, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.

The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you.

5 Simple Steps To Get A Chargeback From XPro Markets

Follow our straightforward guide to efficiently reclaim your lost funds from XPro Markets with minimal hassle.

  1. Complete the Form: Begin by completing the form above, providing necessary details about your case. This allows the team to understand your situation with XPro Markets and prepare for the consultation.
  2. Get A Free Consultation: Schedule a free consultation with MyChargeBack team of experts. During this consultation, they will assess your case and offer guidance on the best course of action to recover your lost funds from XPro Markets.
  3. In-Depth Case Analysis: As you proceed with MyChargeBack, their expert team conducts an in-depth analysis of your case, identifying the optimal chargeback strategy for fund recovery based on your unique circumstances.
  4. Recovery Process: Their team of specialists scrutinizes your case, collects evidence, and negotiates with the involved parties to expedite the recovery of your funds. MyChargeBack team will consistently communicate with you and your bank or card issuer during the chargeback process.
  5. Fee Payment: Upon successful recovery of your funds lost to XPro Markets, MyChargeBack charges a fee as a percentage of the reclaimed amount. If fund recovery is unsuccessful, no fees apply, except in exceptionally complex cases.

Through these five straightforward steps, MyChargeBack simplifies the fund recovery process, enabling you to reclaim your money from XPro Markets with minimal inconvenience.


Is XPro Markets regulated by FSCA?

Yes, it is regulated under the Financial Sector Conduct Authority of South Africa.

Can I benefit from CySEC’s security measures when trading with XPro Markets?

No, CySEC’s approved domain is, not

What warning has been issued against XPro Markets?

The Securities Commission Malaysia warned that the broker is carrying on unlicensed capital market activities in Malaysia.

What kinds of assets can I trade with XPro Markets?

The platform offers Forex, Commodities, Cryptocurrency, Indices, Metals, and Shares.

Are there multiple account types available?

Yes, XPro Markets offers five types of accounts: Classic, Silver, Gold, Platinum, and VIP.

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  1. Thank you for your information. I shall get back to you if I cannot recover the payment made to their Trading Account.
    It is little too early to complaint since they have failed once on their committment to carry out trading.
    Thanks & Regards,
    BK DAS
    NB: Could you pl. tell me the names of regulatory Body in India on such matter?

    • In India there are two main regulators which are the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI).

      Best Regards.

  2. It is true that I lnvest wrong area

  3. Venho por meio desta , avisar a quem quer que se entrasse consegui resolver todas as pendencias com a Xpromarkets, recebi o valor acordado e tudo ficou resolvido

  4. Bonjour,
    Merci de m’écouter,j’ai commencé le15 Février avec Usd 510 et le trader m’a forcé d’ajouter Usd 1870 tout mes économies,après quelques jours de travailles avec le trader le montant est arrivé à Usd
    2658 et il me demande d’ajouter le double pour récupérer mon argent,je lui ai dit que c’est pas possible,dans cette argent il y a mes économies,la location de la maison et divers dépenses et il ma dit c’est facile,trouver cette argent et ensuite vous aurez votre remboursement et depuis il à disparu.Comment XPro Marketing peux tolérer des associés Arnaqueurs.

  5. Bonjour
    Je me suis inscrite en janvier 2023 sur cette plate-forme xpromarkets.
    Plusieurs promesses de virement bancaires sans effet.
    Ma balance atteint 3449,85 usd en février, intérets compris.
    Puis la balance diminue lorsque le 1er courtier disparaît, remplacé une semaine après. Même constat lorsque ce 2ème ne me contacte plus. La directrice intervient alors pour m’inciter à recharger mon compte sous peine de le voir se n’ai plus de fond à investir là.

  6. Even I was scammed of 5100$ which is 450000/- approx by these xpro market. Please guys just check reviews before investing as these people are just cheaters. Whatever every one says here is correct..They start with 250$ and then start asking money forcefully and lure giving profit by evening or in a day for sure… Great cheaters and fakers these people are…

  7. J ai un investissement de 250 usd et ils m’ont demandé de rajouter pour gagner plus.J ai été en relation avec un traider et une certaine confiance s est installée. J ai fais des dépôt jusqu’à 16604 usd.
    J’ai dit stop et j ai reçu l appel de la sois disant directrice que me disait de rajouter 2000 usd sinon j allais tout perdre.

  8. J’ai été victime d’une arnaque avec XPro Market pour un montant de 7800 euros. Ils vous demandent 250 euros une première fois avec une publicité très alléchante et ensuite, ils arrivent à vous forcer la main afin de leur faire des versements en stipulant que votre argent est à votre disposition quand vous le souhaitez mais c’est faux. Vous ne pouvez pas le récupérer, ils vous disent ensuite que ce n’est pas possible et que si vous ne faites pas d’autres versements, vous allez tout perdre. Là, ils me demandent de verser 2500 euros supplémentaires pour pouvoir récupérer mes fonds….

  9. XPRO Markets aceita pequenos valores e faz operações com orientação de um Trader da empresa e põe tudo a perder, então outro trader liga para propor Recuperar a perda com novo aporte financeiro.
    Ora se já houve perda total é absurdo investir novamente em Quem já perdeu antes.

  10. Fui enganada pela XPROMARKETS, fui roubada em U$ 24.500