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FxPro Review

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FxPro

FxPro is a well-established broker since 2006. FxPro has headquarters 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.


Company Information

🌐 Website
fxpro.com

Year Established
2006

🌎 Country
CyprusUnited Arab EmiratesUnited KingdomSouth Africa

💼 Regulation

Features

📖 Free education

👩‍💼 Personal manager

👨‍💻 PAMM accounts

📊 MAM accounts

📁 Segregated accounts

👔 Affiliate program

🕋 Islamic accounts available

🗺 Vps

Account Information

Apart from the forex demo account, this broker offers FxPro cTrader, FxPro MT5, FxPro MT4 fixed spread and FxPro MT4. 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.

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Min Deposit

$100

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Max Leverage

1:50

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Spread

Variable and Fixed

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Commission

$4.50

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ 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, Energies and Cryptocurrencies 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.

As for FxPro cTrader account, FxPro specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Indexes

Indexes
1:20

Metals

Metals
1:20

Energies

Energies
1:10

Cryptocurrencies

Cryptocurrencies
1:20


💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

1️⃣ 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, Energies and Cryptocurrencies 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.

As for FxPro MT5 account, FxPro specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Futures

Futures
1:50

Indexes

Indexes
1:20

Metals

Metals
1:20

Energies

Energies
1:10

Cryptocurrencies

Cryptocurrencies
1:20


💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

1️⃣ 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, Energies and Cryptocurrencies 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.

As for FxPro MT4 fixed spread account, FxPro specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Futures

Futures
1:50

Indexes

Indexes
1:20

Metals

Metals
1:20

Energies

Energies
1:10

Cryptocurrencies

Cryptocurrencies
1:20


💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

1️⃣ 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, Energies and Cryptocurrencies 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.

As for FxPro MT4 account, FxPro specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Futures

Futures
1:50

Indexes

Indexes
1:20

Metals

Metals
1:20

Energies

Energies
1:10

Cryptocurrencies

Cryptocurrencies
1:20

Payment Methods

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.

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.

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.

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.

FxPro also provides payment 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 its 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 CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds 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 price 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 create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to 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 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, trading in FxPro also enables access to 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. 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.



FAQ About FxPro

Is FxPro a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FxPro is a good broker for you or not by reviewing the criteria. In general, FxPro provides trading service in Forex , Indexes , Metals , Energies , Cryptocurrencies , Futures and Stocks . As for the payment methods, you can choose between Credit/debit cards, Neteller, PayPal, Skrill, UnionPay and Wire transfer. The customer support is available via Callback, Email, Live chat, Office and Phone.


What is the minimum deposit for FxPro?

The starting capital in FxPro is $100.


Is FxPro regulated?

FxPro is regulated by CySEC 078/07, DFSA (Dubai) F003333, FCA (UK) 509956 and FSCA (South Africa) 45052. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is FxPro legit?

FxPro is a brokerage company offering trading services for clients since 2006 with offices in Bahamas, Cyprus, Monaco, United Arab Emirates and United Kingdom.


54 Reviews

Carlos Rodrigues
Brazil Jan 19 2023

I like the unusual way that FxPro protects clients' deposits frm overloads. they use dynamic leverage.

Ryan Harmse
South Africa Jan 13 2023

I guess that's how you provide brokerage services for the general public. Every aspect of the broker is of the highest level and very accessible for an average trader.

Francisco Flores
Mexico Jan 6 2023

I see many traders scold FxPro company for not updating its trading platform - Edge. Idk guys... This one doesn't concede hyped platforms such as MTs or cTrader. It's fast, secured and actually all required instruments are available on it. As for conditions, then yeah, probably they aren't so remarkable as for cTrader or MT4, but anyway... It's just a platform, a lot depends on your skills.

Goldfisher
Switzerland Dec 25 2022

Faster and quicker. That s my motto in the world of trading. Because speed is exceptionally important in the markets, so you need a broker who can be as fast as you wanna be in the markets. FxPro proved to be incredibly quick in order execution. Their platform is a supercar on a European autobahn.

Alonso Carrara
Brazil Dec 19 2022

I always argue with my friends that FxPro is a flawless broker. Most of them trade with the broker because... I mean, the efficiency of the broker is off the charts. They might not necessarily share my views but as they are all clients of the broker there is hardly an argument.

Miu Tong
Malaysia Dec 10 2022
Account Number: (54120223xxx)

I've been looking for a broker that would fully meet my requirements for a long time.I have very strict requirements for brokerage services.And now, I am a Fxpro customer because only this broker fully meets my needs.

Sceaf
Vietnam Nov 5 2022
Account Number: (51202102xxx)

FxPro is so nice offering several trading platforms. I have an experience working with Metatrader trading platforms, but I also would like to try a cTrader or FxPro trading platform. I think everyone can choose the one that suits.

Montredast
Germany Oct 20 2022

I like to trade with well-established brokers and fxpro is definitely classified as well-established. Although I consider this broker as one of those on top, I find the education offered by the broker to be of a quality that does not match the standards of the broker. Education is important in the success of traders. But I am not a novice trader and the training I require to keep myself on top is not usually handed out for free. For people that are just starting out, the free education offered by the broker is good enough though.

Jago Fiore
Italy Oct 12 2022
Account Number: (421222585xxx)

I like that my broker FxPro has licenses. Of course, I don't doubt its reputation. But it seems to me that licenses make it even more solid. It's always nice to be a customer of a reliable company.

Honesh
Malaysia Sep 25 2022
Account Number: (45212258xxx)

What I like about Fxpro is that its trading assets are off the charts. I can literally trade different instruments every day for a couple of years.
Also the possibility to trade on weekends by trading cryptos is awesome.
However, I want fxpro to provide the opportunity to use trading robots on their custom platform. I think it will be my favorite platform then.