Cypher Pros, at cypherpros.com, is a US-based software company that develops the DeLorean EA for MetaTrader 5. It is not affiliated with, related to, or the same company as "Cipher Trade Markets," a separate and differently named entity that has been referenced in a warning from the UK Financial Conduct Authority (FCA). The names sound similar, but the two are distinct companies, and this page exists solely to make that clear in a factual, neutral way.
TL;DR: Cypher Pros (spelled "Cypher," at cypherpros.com) and "Cipher Trade Markets" (spelled "Cipher") are two different companies. The FCA warning concerns Cipher Trade Markets, not Cypher Pros. There is no affiliation between them.
Why does this clarification exist?
Because name confusion is easy and consequential. When two companies have similar-sounding names, a warning or reputation issue attached to one can be mistakenly associated with the other. We would rather address that directly than leave anyone uncertain. This page names the other entity only to resolve the confusion; it makes no characterization of that entity beyond noting the public fact that it was referenced in an FCA warning.
Who is Cypher Pros?
Cypher Pros is a US-based software company. It develops and licenses the DeLorean EA, an expert advisor for MetaTrader 5 that runs inside a user's own brokerage account. Cypher Pros is a software provider — not a financial advisor, broker, or asset manager — and it never takes custody of client funds. Its leadership team is named publicly, and its performance is published as past performance on the independent platform MyFxBook. You can read more on our Is Cypher Pros Legit page.
What is the FCA warning about?
The FCA, the United Kingdom's financial regulator, publishes warnings about entities it believes may be operating without authorization. One such warning references an entity named "Cipher Trade Markets." That warning concerns that entity — not Cypher Pros. Cypher Pros has no affiliation with it, shares no ownership with it, and is a separate business operating a different product under a different name at a different domain.
How can you tell the two apart?
A few simple checks remove all ambiguity:
| Attribute | Cypher Pros | Cipher Trade Markets |
|-----------|-------------|----------------------|
| Spelling | "Cypher" | "Cipher" |
| Website | cypherpros.com | A different, unrelated site |
| What it is | US software company (DeLorean EA for MT5) | Separate entity named in an FCA warning |
| Relationship | None | None |
If you are ever unsure which company you are dealing with, check the exact spelling and the domain. Cypher Pros is always "Cypher" and always cypherpros.com.
What should you do with this information?
Simply verify. If you are researching Cypher Pros, evaluate it on its own merits using facts you can confirm — the approach we describe in our 12-point vendor due diligence checklist. If you encountered the FCA warning and worried it applied here, it does not: it refers to a different, differently named company.
Frequently asked questions
Are the two companies connected in any way? No. There is no affiliation, ownership, or operational connection between Cypher Pros and Cipher Trade Markets.
Is Cypher Pros regulated by the FCA? Cypher Pros is a US software provider, not a financial advisor or broker, so financial-advisor or brokerage authorization does not apply to it. See Automated Trading Regulation Explained.
Risk Disclosure: Cypher Pros is a software provider, not a financial advisor, fiduciary, or asset manager, and does not provide personalized investment advice. Forex trading carries a high level of risk and past performance never guarantees future results.
Frequently Asked Questions
Is Cypher Pros the same as Cipher Trade Markets?
No. Cypher Pros (cypherpros.com) is a US-based software company that develops the DeLorean EA for MetaTrader 5. Cipher Trade Markets is a separate, differently named entity referenced in an FCA warning. They are not affiliated and are not the same company.
Was Cypher Pros named in an FCA warning?
No. The FCA warning refers to 'Cipher Trade Markets,' which is a different company with a similar-sounding name. Cypher Pros is a US software provider and is unrelated to that entity.
How can I tell the two companies apart?
Cypher Pros uses the spelling 'Cypher,' operates at cypherpros.com, is US-based, and sells the DeLorean EA software for MetaTrader 5. 'Cipher Trade Markets' is spelled differently and is a separate entity. Check the exact name and domain to distinguish them.
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Book Private OverviewImportant Disclaimer
For Educational Purposes Only: The information contained in this article is provided for general informational and educational purposes only. Nothing in this article constitutes financial advice, investment advice, trading advice, or any other type of advice, and should not be construed as such.
Not Financial Advice: Cypher Pros Ventures, LLC is a software company, not a registered investment advisor, broker-dealer, or financial planner. We do not provide personalized investment recommendations. Any references to specific strategies, returns, or market conditions are for illustrative purposes only and do not guarantee similar results.
Risk Disclosure: Trading foreign exchange (forex) and other financial instruments involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider your investment objectives, level of experience, and risk appetite before making any trading decisions. Only trade with capital you can afford to lose.
No Guarantees: We make no representations or warranties regarding the accuracy, completeness, or timeliness of the information presented. Market conditions change, and strategies that worked in the past may not work in the future.
Seek Professional Advice: Before making any financial decisions, consult with a qualified financial advisor, tax professional, or other appropriate expert who can assess your individual circumstances. For our complete risk disclosure and terms, please visit our Disclosures & Disclaimers page.