This ProbusFX review explores the broker’s regulatory background, trading infrastructure, asset offering, and client protections. ProbusFX is a Cyprus-based CFD broker regulated under the European MiFID II framework, offering forex and multi-asset trading via the MetaTrader 5 platform to both retail and professional clients.

Regulation and Safety

ProbusFX is a brand of IAMFX Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 284/15. As a CySEC-regulated firm, ProbusFX complies with MiFID II directives, ensuring client fund segregation, negative balance protection, and eligibility for the Investor Compensation Fund (ICF) up to €20,000 per client. The broker also adheres to strict reporting, auditing, and capital adequacy requirements.

Execution Model and Trading Platforms

ProbusFX operates a Straight-Through Processing (STP) execution model with no dealing desk (NDD) intervention. Liquidity is aggregated from Tier-1 banks and institutional providers. The broker supports:

• MetaTrader 5 (MT5) – desktop, mobile (iOS/Android), and web

The MT5 platform includes market depth, hedging, EAs, and one-click trading. VPS hosting is supported via third-party integration. FIX API is not publicly advertised.

Markets and Instruments

ProbusFX offers over 100 CFD instruments across six asset classes:

• Forex – 45+ currency pairs including majors, minors, and exotics
• Indices – US, European, and Asian stock indices
• Commodities – Gold, silver, crude oil
• Shares – EU and US stocks
• Cryptocurrencies – BTC, ETH, LTC (availability subject to region)
• ETFs – Selected exchange-traded funds

Accounts, Spreads and Leverage

ProbusFX provides both retail and professional account types:

• Retail Account: Leverage up to 1:30 (per ESMA limits), spreads from 1.5 pips
• Pro Account: Leverage up to 1:200 (upon qualification), spreads from 0.8 pips

Minimum deposit is €100. Commission-free trading is available on standard accounts; Pro accounts may incur lower spreads with volume-based pricing. Stop-out level is 50%. Islamic accounts are available on request.

Funding and Base Currencies

ProbusFX supports accounts in EUR and USD. Deposit and withdrawal options include:

• Bank wire transfer
• Credit/Debit cards
• Skrill, Neteller

Deposits are typically processed within 1 business day. Withdrawals are processed within 1–3 business days. No deposit fees apply, but withdrawal fees depend on the payment method.

Client Protections and Features

Being CySEC-regulated, ProbusFX provides robust safeguards:

• Investor Compensation Fund (ICF) coverage up to €20,000
• Negative balance protection
• Segregated accounts in EU-authorised credit institutions
• Full GDPR compliance and encrypted data handling
• 2FA enabled via the client portal

Institutional and Retail Offering

ProbusFX serves both client types, offering:

• Retail accounts with regulated leverage caps
• Professional accounts with higher leverage and lower spreads
• Multi-asset access via MT5
• Partner programs including IB and affiliate schemes

While FIX API and prime brokerage services are not advertised, ProbusFX offers a competitive infrastructure for mid-tier professionals via MT5.

Pros

• Regulated by CySEC under MiFID II
• Segregated accounts and ICF coverage
• MT5 platform with multi-asset support
• Retail and professional account tiers
• Supports Islamic accounts and EU compliance

Cons

• MT4 not supported
• Limited asset range compared to top-tier brokers
• No FIX API or advanced institutional tools

Frequently Asked Questions

Is ProbusFX regulated?

Yes, ProbusFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 284/15.

What trading platform does ProbusFX use?

ProbusFX offers trading exclusively through MetaTrader 5 (MT5) on desktop, web, and mobile.

Does ProbusFX offer Islamic accounts?

Yes, swap-free Islamic accounts are available upon request for eligible clients.

What is the minimum deposit at ProbusFX?

The minimum deposit requirement is €100 or equivalent in supported base currencies.

Can I trade cryptocurrencies with ProbusFX?

Yes, ProbusFX offers cryptocurrency CFDs, but availability may vary depending on your region and regulatory restrictions.