FxPro Review


FxPro is a well-established broker since 2006. FxPro has headquarter in Bahamas, Cyprus, Monaco, United Arab Emirates and United Kingdom. They are generally well-suited for FxPro to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by CySEC 078/07, DFSA (Dubai) F003333, FCA (UK) 509956 and FSCA (South Africa) 45052. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
www.fxpro.co.uk

Established
2006

Country
Bahamas, Cyprus, Monaco, United Arab Emirates and United Kingdom

Regulation
CySEC 078/07
DFSA (Dubai) F003333
FCA (UK) 509956
FSCA (South Africa) 45052

Features

Free education

Personal manager

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Vps

Account Information

This broker offers FxPro MT4, FxPro MT4 fixed spread, FxPro MT5 and FxPro cTrader. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FxPro is up to 1:50. Meanwhile, you can open an account with a starting capital of $100

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$100

Maximum Leverage

1:50

Spread

Variable and Fixed

Commission

$4.50


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FxPro also offers some instruments you would like to trade on, such as Forex, Stocks, Futures, Indexes, Metals and Energies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:30

Stocks
1:25

Futures
1:50

Indexes
1:20

Metals
1:20

Energies
1:10


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FxPro also offers some instruments you would like to trade on, such as Forex, Stocks, Futures, Indexes, Metals and Energies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:30

Stocks
1:25

Futures
1:50

Indexes
1:20

Metals
1:20

Energies
1:10


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FxPro also offers some instruments you would like to trade on, such as Forex, Futures, Indexes, Metals and Energies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:30

Futures
1:50

Indexes
1:20

Metals
1:20

Energies
1:10


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Browser-based platform

Trading via API

Instruments Traded

Besides lots of currency pair, FxPro also offers some instruments you would like to trade on, such as Forex, Indexes, Metals and Energies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:30

Indexes
1:20

Metals
1:20

Energies
1:10

Payment Methods

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

FxPro also provides paymen with Credit/debit cards and UnionPay

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, FxPro offers you MetaTrader 4, MetaTrader 5, Mobile Trading Platform, cTrader and Web Trading.

Customer Support

Do you have any question or find any trouble related to FxPro? If you do, you should reach FxPro's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Chinese
Czech
English
French
German
Hindi
Hungarian
Indonesian
Italian
Japanese
Korean
Malay
Polish
Portuguese
Russian
Spanish
Thai
Urdu
Vietnamese

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

Ever since establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK. FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by the CySEC since 2007 and the FSCA since 2015.

Because of that, traders do not need to worry again about their fund's safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.

They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client's orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better prices when executed.

The total number of trades in FxPro has increased from year to year. In 2018, the number of trades achieves 53.6 million. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro.

They are committed to creating a dynamic environment that equips traders with all the necessary tools for their trading experience. FxPro offers more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention.

The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing. Furthermore, FxPro is recognized as an innovative broker.

The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Web-based versions and mobile applications are also available so that traders can access financial markets at any time and anywhere.

Traders can choose platforms according to their needs. Fans of MT4 is provided with instant execution and an easy-to-use trading platform. In this account, leverage is up to 1:500, and spreads start from 1.6 pips without commissions.

If traders want to get experience with more modern technology, traders should choose FxPro MT5 Accounts. In this account, spreads start from 1.5 and leverage is up to 1:500 without commissions.

Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'.

FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.

The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn't support shares, and cTrader doesn't support shares and futures.

Besides 3 types of platforms above, FxPro also presents FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.

Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit starting from $500 for all types of accounts. Also, there are not many types of payment and withdrawal methods available at FxPro.

Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro

Regardless of the advantages and disadvantages, FxPro can be traders' choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from 500 USD.


Give Your Review and Rate This Broker



5 Reviews


John Miller

Please stay away from this company. They keep calling me from different numbers. Over the last 3 days they have called several times a day with agressive sellers. Told them I have no interest. Wrote support - asked them to delete my account. No effect.

Nanda James

I loss money, but I won't blame the brokers. They wd and depo process is easy.

Baba Trader

I want to review my flagship broker FXPRO because I think this broker is quite satisfying!

First, I'm impressed with the performance of the MT4 platform. Second, the withdrawal only takes 30-40 minutes. Third, the query is small and the execution of the SL is exactly what I stated. This broker's disadvantages may only be on the spread. I hope FXPro makes something new in terms of spread.

Abraham Jecht

I'm happy with a broker that offering floating spreads with competitive quotes. I rarely know about FXPro, but at other brokers, many say that if there is news, the spread can widen crazily to 60-80 pips. Woww

Tatiana

I have 2 accounts, one at FXPro and the other at InstaForex

For almost 4 years, both deposits and WD are easy, maximal within 24 hours

FXPro spreads are volatile, but for a minimum lot of 0.1 equivalent to 1 USD per pip, while Insta spreads are fixed 3 pips and lots 0.001 is equivalent to 0.001 USD.