FxPro is a broker that offers an extensive range of trading options and transparent pricing to its clients. Established in 2006 in the UK, the broker is now serving over 1.8 million clients across 173 countries worldwide. Continue reading our FxPro review that covers comprehensive information on its pros, cons, and security measures.
FxPro is well-regulated by financial regulatory bodies like FCA, CySEC, FSCA, and SCB.
The broker offers 2,100+ tradable assets, including Forex, Futures, Indices, Stocks, Metals, Energies, and Cryptocurrencies.
Enjoy the latest technology and seamless trading experience via MT4, MT5, cTrader, and FxPro Edge.
Enjoy comprehensive trading courses individually designed for beginners and advanced traders.
FxPro doesn’t allow demo trading for anonymous users. This feature is only available for registered clients.
FxPro does not have an NFA regulation and therefore cannot accept US clients
FxPro UK clients are not allowed to trade cryptocurrencies.
While conducting the FxPro review, we’ve thoroughly investigated the company’s background and legitimacy. According to our research, we found FxPro to be one of the most trustworthy brokers in the market.
The company has got authorization from top-tier regulators, including the Financial Conduct Authority (UK), Cyprus Securities and Exchange Commission, the Financial Services Conduct Authority (South Africa), and the Securities Commission of the Bahamas.
Furthermore, FxPro has scored 95 out of 100 in the counterparty credit ratings, indicating the company is at minimal risk of defaults and bankruptcy. The firm is also a participant in the Financial Services Compensation Scheme (FSCS), allowing clients to call for compensations if the broker turns insolvent in any case.
Besides, the broker offers negative balance protection to its clients. This feature ensures you are never going to lose more than your current account balance by any means in any advert trading situation. If your loss exceeds your investment in the absence of negative balance protection, you will owe the exceeding amount to your broker.
FxPro serves multiple trading platforms allowing clients to access the market through desktop, mobile, and web browsers with MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and the FxPro Edge. Each platform has unique features and systems for accessing the market and executing orders. We’ve included a brief overview of the FxPro trading platforms in our review.
All the platforms of FxPro come with portable desktop versions provided with the best functionality to enhance your trading experience on personal computers. MT4 and MT5 offer the best trading conditions for technical analysts and Expert Advisor (EA) users. On the other hand, the cTrader enables you to control all your linked accounts using a single login credential. All the desktop trading platforms of FxPro are compatible with Windows and Mac operating systems.
FxPro clients enjoy a dynamic mobile trading experience on both Android and iOS devices via FxPro Edge. This platform has 50+ built-in indicators and other useful features like customizable layout, detachable chart windows, news updates, and volatility push notifications. It allows pending orders such as buy-stops, buy-limits, sell-stops, etc. With a FxPro Edge, you can instantly access forex, stocks, future, and cryptocurrency markets.
Besides, you can also try the cTrader and MT4 mobile apps that perfectly work on android smartphones, iPhones, and iPads.
The broker serves web trading via FxPro Edge and cTrader platforms. Web Trader platforms allow instant access to live markets through internet browsers. It enables you to take total control of your trading account from any computer and mobile device without installing an app.
These platforms feature advanced built-in tools such as technical indicators, news feeds, one-click trading options, etc. Once you open an account with FxPro, you can directly access its web trading platforms by using your account login information.
FxPro clients enjoy an extensive range of fund deposit options. The broker accepts payments through Bank Transfer, Credit/Debit cards (Visa, Maestro & Mastercard), PayPal, Skrill, Neteller, and Union Pay. Deposits made through credit/debit cards are processed within 10 minutes. Other deposit methods generally take up to one working day to complete the funding process.
It doesn’t matter which payment method you use; fund deposits in FxPro are completely free. However, while funding through Wire Transfer, corresponding banks may apply a transaction charge depending on their free structures.
Elite brokers aid their clients with innovative and useful trading tools, and FxPro is no exception. The broker continues developing exclusive tools and features for beginners and advanced traders. Here are a few examples:
Education: The education program of FxPro has been designed as a complete trading book. It consists of interactive courses on basic trading, fundamental analysis, technical analysis, trading psychology. Besides theoretical lessons, the broker also weighs on practical learnings by introducing trading tests, video tutorials, webinars, and special live events.
Technical Analysis: FxPro is associated with Trading Central, a leading provider of substantial technical reports on daily markets. Additionally, the company offers trading ideas prepared by expert professionals who also assess the efficiency of your existing trading strategy.
VPS: FxPro VPS is a virtual private server that connects you to upgrade systems and high-speed networks. With VPS, you can run MT4 EAs or cAlgo Robots without running your trading terminal. It is free for VIP account holders, while other clients looking to use a VPS will need to pay 30$/month.
FxPro offers different account types based on the trading platform you intend to use. Hence, before opening an account, it is ideal to ensure the trading platform you choose matches your trading style and other relevant requirements before opening an account.
FxPro MT4 account offers low spreads and commission-free trading. It allows scalping and news trading in any market condition. Traders looking for hedging accounts may find it perfect. You can also open a FxPro Micro account under the MT4 account category that offers more flexibility and minimum trading costs for beginner-level traders. Clients can choose between fixed & variable spreads.
If you choose to enjoy the cutting-edge technology of the MetaTrader 5 platform, then the MT5 account is the right option. Here, you’ll enjoy commission-free trading and narrow spreads on major currency pairs. Besides, the MT5 account offers the best conditions for EA and Algorithmic trading. Only variable spreads are available for MT5 traders.
FxPro cTrader Account is suitable for technical traders who require advanced charting tools and flexible trading options. cTrader clients relish high-speed order execution and no dealing desk intervention. Spreads are tight for this account type, however, the broker applies a $4.50 commission on each lot traded.
FxPro customer support team earns an overall 5-star rating for their excellent service, which is verified by LiveChat.Com. The broker offers prompt response 24/7 for any queries. Also, they serve customer support in 27 languages, which reflects their welcoming approach to global clients.
You can contact FxPro customer service via live chat, email, direct phone call, and by requesting a callback.
With more than 15 years of experience and trust, FxPro has established itself as one of the most reliable UK-based brokers in the market. They offer a transparent fee structure, a variety of trading accounts, platforms with unique features, and competitive spreads.
Moreover, the broker provides a comprehensive education program alongside a large number of useful trading tools. According to our review, FxPro is equally ideal for both beginners and advanced traders.