FxPro Disclosure Requirements in Canada

For clients in Canada, FxPro must give clear written disclosure before and during forex and CFD trading. This includes a mandatory risk statement for leveraged products, detailed information on pricing and execution, and a relationship disclosure that explains the role of the firm, client rights, and all costs. The risk disclosure highlights that leverage can amplify both profits and losses, that losses can exceed the initial deposit, and that margin calls or forced liquidations are possible in volatile markets. Execution documents clarify that FxPro generally acts as principal, how prices are sourced from liquidity providers, and how order types, slippage, and rejections are handled. Relationship and conflict-of-interest disclosures set out fees, compensation models and how potential conflicts are identified and managed. Clients also receive regular account statements, trade confirmations and notifications of any material changes to policies or operations. Overall, disclosure is treated as an ongoing obligation, not a single form at account opening.

Canadian rules require FxPro to provide a formal risk disclosure statement before a client can fund an account or start trading. This document focuses on the main risks of trading:

• Leverage magnifying both gains and losses.
• Possibility of losing more than the initial margin deposit.
• Margin calls and potential liquidation of positions if equity falls below required levels.
• Market gaps and volatility affecting execution and account value.

The statement also explains that leveraged forex and CFD trading is not suitable for everyone and should only involve capital a client can afford to lose. The language is expected to be straightforward, and acknowledgment of having read and understood the disclosure is typically required.

In addition to the general statement, FxPro provides risk information specific to different instruments. For currency pairs, disclosures cover spread changes, rollover and financing costs, and how economic news can impact pricing. For CFDs on equities or commodities, documents clarify that the client trades a derivative rather than owning the underlying asset, with no voting rights and only adjusted cash flows where applicable.

Clients receive a foreign exchange disclosure statement that outlines how FxPro executes orders and sets prices. This includes an explanation that the firm usually acts as principal, taking the opposite side of client trades instead of routing orders to an exchange. The disclosure describes how prices are built using liquidity provider feeds and benchmarks, and under what conditions an order might be rejected or subject to last look.

Information is also given on:

• Available order types.
• Slippage and how final prices may differ from requested prices.
• Priority rules when several orders arrive at once.
• The absence of guarantees on speed or price improvement, especially during volatile or illiquid periods.

Potential conflicts arising from spreads, mark-ups and hedging activity are identified so clients can better understand the commercial relationship.

Before an account is opened, FxPro must provide a relationship disclosure document that defines how it deals with the client. This document clarifies whether the firm is acting as dealer or advisor, what services are provided, and how responsibilities are divided between firm and client.

Fee and charge information is presented in a transparent way, typically listing:

• Spreads and any commissions.
• Overnight financing or swap charges.
• Currency conversion costs.
• Withdrawal or inactivity fees if applicable.

The disclosure often includes worked examples so a client can estimate the cost of a typical transaction. When fees change in a material way, updated information is provided in advance.

The relationship disclosure also addresses how client money is held, what protections Canadian rules provide, and how complaints can be raised and escalated, including the option to contact a regulator or ombudsman if internal processes do not resolve an issue.

FxPro must identify conflicts of interest that could influence services or content. Acting as principal and earning income from spreads creates a structural conflict with a client’s desire for the tightest possible pricing. The firm addresses this through internal policies separating trading and client-facing functions, monitoring execution quality, and publishing typical spreads or execution metrics.

The disclosure also covers:

• Whether staff or affiliates trade the same instruments as clients and what controls apply.
• How hedging or market-making activity may result in trading ahead of or alongside client orders.
• Any referral, third-party payment or incentive arrangements that may influence research, analysis or educational material.

This information is intended to help clients assess how compensation structures may affect the services they receive.

If an event occurs that could materially affect trading or account value, Canadian requirements expect prompt and fair disclosure. Examples include major operational disruptions, changes in regulatory status, or significant corporate events such as a merger or change of control.

FxPro uses channels such as email, platform messages and website notices to distribute such information so clients receive it at the same time, without selective disclosure. When trading in a product is halted, either because the underlying market is suspended or the firm decides to suspend trading, notice is given on the reason, the anticipated duration, and any practical steps the client should consider. Updates are provided as the situation develops and when normal service resumes.

FxPro maintains public information on its regulatory status in Canada, including registration with the relevant self-regulatory organization and provincial securities regulators. Clients can independently verify registration details and review any disciplinary history through official public tools made available by Canadian authorities.

Required financial and regulatory filings, such as audited financial statements and capital adequacy information, are published to show the firm’s ability to meet obligations to clients and comply with regulatory capital standards. Membership in any investor protection or compensation schemes, and the limits of that coverage, is also disclosed so clients can understand what may apply in the event of insolvency or failure to return funds.

Disclosure continues throughout the life of the relationship rather than ending at account opening. Clients have access to ongoing account information via:

• Real-time and periodic statements showing open positions, realized and unrealized profit or loss, margin use and transaction history.
• Monthly statements delivered through electronic channels.
• Trade confirmations for each execution, with instrument, direction, size, price, time and associated charges.

These records allow clients to check how orders were filled and what costs applied, and support teams can supply further clarification or documentation if needed.

Key disclosure documents are reviewed and updated as regulations, business practices or market conditions change. When risk statements, execution policies or fee schedules are materially revised, clients are notified beforehand and receive a summary of main changes. Continued use of the platform after the effective date is typically treated as acceptance, while previous versions of documents are retained and can be provided on request for reference.