NakedPnL vs FxPro — Broker-Issued Statements vs Verified Track Record Registry
FxPro is a global retail FX and CFD broker that produces account statements for clients. NakedPnL is a public registry of verified track records computed from primary records. Where each fits, drawn precisely.
- FxPro is a global retail FX and CFD broker. Its account statements are primary evidence for the client account but are private and curated by the trader when shared.
- NakedPnL is a public registry of verified track records computed from daily NAV via read-only credentials.
- An FxPro statement is the broker's record. A NakedPnL chain is a third-party-verifiable derivation that an outside reviewer can re-run without trusting the trader.
Verdict in one paragraph
FxPro and NakedPnL operate at different layers and the only useful comparison is structural. FxPro is a regulated FX and CFD broker — it executes trades, segregates client funds, and produces statements that document trading activity. NakedPnL is a verification registry — it never executes, never holds, and never produces tax forms. Its job is to convert primary records (statements, API responses) into a chained TWR figure that any third party can re-derive without trusting the trader. An FX trader who wants both regulated execution and a verifiable public track record can run FxPro for trading and NakedPnL for proof, with the connection mediated by FxPro's read-only API or programmatic statement export.
What FxPro does
FxPro is a global retail FX and CFD broker founded in 2006, with regulated entities serving UK, EU, South African, and Bahamas-domiciled clients. The product line includes spot FX, CFDs on indices, commodities, equities, and crypto. Trading is offered on MT4, MT5, cTrader, and FxPro's own platform. Account statements are issued in MT4/MT5 format (HTML or detailed) and document opening balance, closing balance, deposits, withdrawals, and individual trades. The platforms also expose programmatic surfaces — Investor Password access for read-only viewing, MT4/MT5 Manager APIs for institutional integrations, and cTrader's Open API for retail developers.
FxPro's reporting surface is centred on the account owner. The statements are authoritative primary evidence — they were issued by a regulated broker against an audit trail — but the trader controls which periods they share and how they present them. A statement covering January through June, with March missing, can be assembled into a misleading narrative without altering any underlying figure. The methodology guide on why a screenshot of P&L is not evidence covers the same structural problem applied to image-based proof.
What NakedPnL does
NakedPnL records daily NAV at 23:55 UTC from each connected venue account. The NAV series feeds a TWR engine using Decimal.js precision and GIPS-style geometric chain-linking. Every NavSnapshot row is canonicalised, SHA-256 hashed, and chained to the previous row's chain header. The daily Merkle root of all chain heads is committed to Bitcoin via OpenTimestamps. The methodology is documented at /docs/verification with reference Python and JavaScript snippets, and the /verify/chain/[handle] page recomputes the chain head in the user's browser using the Web Crypto API.
The output is a single comparable performance figure plus a re-derivable history. The how-to-verify-a-trader-track-record-yourself guide walks the six-step procedure end to end. NakedPnL's supported venues today are exchange-account-centric (Binance, Bybit, OKX, IBKR, Kalshi, Polymarket); FxPro-style FX and CFD brokers are added when their read-only credential surface supports the cadence and depth NakedPnL requires.
Feature comparison
| Criterion | NakedPnL | FxPro |
|---|---|---|
| Category | Public registry of verified performance | Regulated retail FX and CFD broker |
| Primary output | Time-weighted return + chained NAV history | Trade execution + statements + dealer-platform access |
| Custody model | None — read-only API keys | Segregated client funds at regulated banks |
| Trade execution | No execution | Yes — FX, CFDs, indices, commodities, equities, crypto |
| Performance metric used | Time-weighted return computed from daily NAV (Decimal.js precision) | Statement-style summaries (gain, drawdown, profit factor); no public TWR per account |
| Public profile of the account | Yes — opt-in, GDPR-consent gated | Private — statements are issued to the account owner |
| Verification model | SHA-256 content hash, append-only chain, Bitcoin-anchored Merkle root via OpenTimestamps | Internal broker records; statements are signed PDFs but not third-party re-derivable |
| Independent re-verification | Yes — browser-side SHA-256 from raw venue responses | Not designed for third-party re-derivation |
| Window selection | Trader cannot cherry-pick — chain spans full account history | Trader chooses which statement periods to share |
| Cross-venue aggregation | Yes — TWR computed across all connected venues as a single portfolio | FxPro-only |
| Snapshot cadence | Daily NAV (23:55 UTC), retained forever | Continuous broker activity |
| Cost | Free public registry; trader-side paid tiers for analytics depth and verification depth | Spreads, commissions, and overnight rollover charges per FxPro schedule |
| Regulatory category | Publisher of verified data (not a broker, adviser, or asset manager) | FCA-, CySEC-, FSCA-, SCB-regulated retail broker |
Where each one is the right tool
- Executing FX or CFD trades with a regulated retail broker offering MT4, MT5, or cTrader access — FxPro. NakedPnL has no execution surface.
- Receiving regulator-supervised segregation of client funds — FxPro. NakedPnL never holds assets.
- Producing primary statement evidence of trading activity — FxPro's MT4/MT5 statements. NakedPnL is not the issuer of primary records, only the verifier of the chain derived from them.
- Publishing a verified, re-derivable track record an outside allocator can underwrite — NakedPnL. FxPro produces statements; the chain is the verification surface.
- Aggregating performance across an FX account, an IBKR account, and a Bybit account into a single TWR — NakedPnL. FxPro only sees FxPro.
- Confirming a trader's claimed FX ROI without trusting either FxPro statement curation or the trader's narrative — NakedPnL chain bundle plus the verification methodology.
Why a broker statement is not a public track record
An FxPro statement is excellent primary evidence and a poor substitute for a verified public track record. The two are not the same thing. A statement documents what happened during a defined period — it does not, on its own, prove that a trader has not omitted other periods, other accounts, or a parallel set of losing strategies. The trader controls disclosure. NakedPnL inverts the disclosure model: the chain is published continuously, the connected accounts are listed, and any gap is visible. A trader cannot quietly omit a losing month; the chain has either a snapshot for that month or an explicit gap marker.
The verified-track-record glossary entry sets out the four properties that distinguish a verified record from a claimed one. A statement satisfies the first property (independent primary data) but not the second (deterministic computation that any third party can re-run), the third (append-only history), or the fourth (published methodology that survives manager-to-manager comparison).
Can an FxPro client connect to NakedPnL today?
FxPro exposes several programmatic surfaces — Investor Password read-only access, cTrader Open API, and MT4/MT5 Manager APIs for institutional integrations. NakedPnL does not currently include FxPro on its supported-venue list (Binance, Bybit, OKX, IBKR, Kalshi, Polymarket), but the architecture supports adding any venue whose read-only API surface allows daily NAV polling at the precision the TWR engine requires. Traders who would like FxPro support can register interest via the connect page; in the meantime, the same strategy executed on a supported venue produces a chain on the standard onboarding flow.
Pricing and access
FxPro charges spreads, commissions, and overnight rollovers per its published schedules; pricing varies by account type (Standard, Raw+, Elite). NakedPnL is free to view as a public registry; trader-side paid tiers exist for deeper analytics and higher verification depth (Bronze / Silver / Gold). The founding seat program is hard-capped at 100 lifetime seats and is enforced by a unique constraint at the database level.