diff --git a/README.md b/README.md
index 60c5920..432a2ad 100644
--- a/README.md
+++ b/README.md
@@ -85,9 +85,9 @@ type FireblocksProviderConfig = {
    */
   rpcUrl?: string,
   /**
-   * Proxy configuration
+   * Proxy path in the format of `http(s)://user:pass@server`
    */
-  proxyConfig?: AxiosProxyConfig
+  proxyPath?: string
 
   // ------------- Optional fields --------------
 
diff --git a/src/provider.ts b/src/provider.ts
index c598e9e..1fcb9ef 100644
--- a/src/provider.ts
+++ b/src/provider.ts
@@ -13,6 +13,7 @@ import { HttpsProxyAgent } from 'https-proxy-agent';
 import { formatJsonRpcRequest, formatJsonRpcResult } from "./jsonRpcUtils";
 import { version as SDK_VERSION } from "../package.json";
 import Debug from "debug";
+import { AxiosProxyConfig } from "axios";
 const HttpProvider = require("web3-providers-http");
 const logTransactionStatusChange = Debug(DEBUG_NAMESPACE_TX_STATUS_CHANGES);
 const logEnhancedErrorHandling = Debug(DEBUG_NAMESPACE_ENHANCED_ERROR_HANDLING);
@@ -88,7 +89,7 @@ export class FireblocksWeb3Provider extends HttpProvider {
       undefined,
       {
         userAgent: this.getUserAgent(),
-        proxy: config.proxyConfig ?? undefined
+        proxy: config.proxyPath ? this.toAxiosProxyConfig(config.proxyPath) : undefined
       });
     this.feeLevel = config.fallbackFeeLevel || FeeLevel.MEDIUM
     this.note = config.note ?? 'Created by Fireblocks Web3 Provider'
@@ -104,13 +105,8 @@ export class FireblocksWeb3Provider extends HttpProvider {
     this.whitelistedPopulatedPromise = promiseToFunction(async () => { if (!this.oneTimeAddressesEnabled) return await this.populateWhitelisted() })
     this.gaslessGasTankAddressPopulatedPromise = promiseToFunction(async () => { if (this.gaslessGasTankVaultId) return await this.populateGaslessGasTankAddress() })
 
-    if (config.proxyConfig) {
-      const proxyConfig = config.proxyConfig!;
-      const protocol = 'http://';
-      const creds = proxyConfig.auth ? proxyConfig.auth.username ? `${proxyConfig.auth.username}${proxyConfig.auth.password ? `:${proxyConfig.auth.password}@` : '@'}` : '' : '';
-      const host = `${proxyConfig.host}:${proxyConfig.port}`;
-      const proxyPath = `${protocol}${creds}${host}`;
-      const proxyAgent = new HttpsProxyAgent(proxyPath);
+    if (config.proxyPath) {
+      const proxyAgent = new HttpsProxyAgent(config.proxyPath);
       this.agent = {
         http: proxyAgent,
         https: proxyAgent
@@ -637,4 +633,21 @@ Available addresses: ${Object.values(this.accounts).join(', ')}.`
   public setExternalTxId(externalTxId: (() => string) | string | undefined) {
     this.externalTxId = externalTxId;
   }
+
+  private toAxiosProxyConfig(path: string): AxiosProxyConfig {
+    const proxyUrl = new URL(path);
+
+    if (proxyUrl.pathname != '/') {
+      throw 'Proxy with path is not supported by axios';
+    }
+    return {
+      protocol: proxyUrl.protocol.replace(':', ''),
+      host: proxyUrl.hostname,
+      port: parseInt(proxyUrl.port),
+      auth: proxyUrl.username ? {
+        username: proxyUrl.username,
+        password: proxyUrl.password
+      } : undefined
+    }
+  }
 }
diff --git a/src/types.ts b/src/types.ts
index b0d1e84..babba17 100644
--- a/src/types.ts
+++ b/src/types.ts
@@ -73,9 +73,9 @@ export type FireblocksProviderConfig = {
    */
   rpcUrl?: string,
   /**
-   * Proxy configuration
+   * Proxy path in the format of `http(s)://user:pass@server`
    */
-  proxyConfig?: AxiosProxyConfig
+  proxyPath?: string
 
   // ------------- Optional fields --------------
 
diff --git a/test/utils.ts b/test/utils.ts
index beda225..5726621 100644
--- a/test/utils.ts
+++ b/test/utils.ts
@@ -3,7 +3,6 @@ dotenv.config()
 import * as ethers from "ethers"
 import { FireblocksWeb3Provider, ChainId } from "../src"
 import Web3 from "web3";
-import { AxiosProxyConfig } from 'axios';
 
 export function getFireblocksProviderForTesting(extraConfiguration?: any) {
   if (!process.env.FIREBLOCKS_API_PRIVATE_KEY_PATH ||
@@ -21,28 +20,11 @@ export function getFireblocksProviderForTesting(extraConfiguration?: any) {
     ...extraConfiguration
   };
 
-  if(process.env.PROXY_HOST && process.env.PROXY_PORT){
-      if(process.env.PROXY_PASS && !process.env.PROXY_USER){
-        throw new Error("PROXY_PASS and PROXY_USER must bother be set, or only PROXY_USER must appear (if auth is required)")
-      }
-
-      providerConfig["proxyConfig"] = {
-        host: process.env.PROXY_HOST,
-        port: parseInt(process.env.PROXY_PORT),
-        auth: undefined,
-      } as AxiosProxyConfig
-
-      if(process.env.PROXY_USER){
-        providerConfig["proxy"]["auth"] = {
-          username: process.env.PROXY_USER,
-          password: process.env.PROXY_PASS ?? undefined
-        }
-      }
-
-      if(process.env.PROXY_UNTRUSTED_CERT)
-        process.env.NODE_TLS_REJECT_UNAUTHORIZED = '0';
-  } else if ((!process.env.PROXY_HOST && process.env.PROXY_PORT) || (process.env.PROXY_HOST && !process.env.PROXY_PORT)){
-    throw new Error("PROXY_HOST and PROXY_PORT must both appear, or neither")
+  if (process.env.PROXY_PATH) {
+    providerConfig["proxyPath"] = process.env.PROXY_PATH
+    if (process.env.PROXY_UNTRUSTED_CERT)
+      process.env.NODE_TLS_REJECT_UNAUTHORIZED = '0';
+
   }
 
   const provider = new FireblocksWeb3Provider(providerConfig)