FxPro Review 2024

Introduction

FxPro is a renowned online broker offering trading services in forex, stocks, indices, commodities, and cryptocurrencies. Established in 2006, FxPro has grown to become one of the leading names in the industry, providing traders with access to a wide range of financial markets and innovative trading tools. Headquartered in London, United Kingdom, FxPro is regulated by multiple authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. With a commitment to transparency, reliability, and client satisfaction, FxPro continues to attract traders from around the world.

Expert Analysis

FxPro stands out in the competitive landscape of online brokerage with its extensive range of trading services and a strong focus on client satisfaction and transparency. Our in-depth analysis of FxPro’s offerings reveals a broker committed to providing a secure and efficient trading environment.

FxPro operates under the regulation of top-tier authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. This regulatory oversight ensures a high level of trust and safety for traders’ funds.

The broker offers a diverse array of trading instruments, covering forex, indices, commodities, and cryptocurrencies. This variety enables traders to diversify their portfolios and explore multiple market opportunities. FxPro’s trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, are renowned for their reliability, advanced features, and ease of use.

FxPro also places a strong emphasis on client education, providing numerous resources such as webinars, tutorials, and market analysis. These resources are designed to enhance traders’ knowledge and skills, helping them navigate the financial markets more effectively.

The Pros and Cons

Pros

✔️ Highly regulated by FCA, CySEC, and FSCA

✔️ Competitive spreads and low trading fees

✔️ Advanced and user-friendly trading platforms

✔️ Comprehensive educational resources

✔️ Efficient customer support

Cons

❌ Limited range of stock CFDs

❌ No proprietary trading platform

Is FxPro Right for You?

FxPro caters to a wide range of clients, from novice traders to seasoned professionals. With low minimum deposit requirements, extensive educational materials, and competitive trading conditions, FxPro is ideal for new traders. Experienced traders will appreciate the advanced trading tools, tight spreads, and high execution speed offered by FxPro.

What Sets FxPro Apart?

Several factors distinguish FxPro from other brokers:

Strong Regulatory Framework: FxPro is regulated by top-tier authorities, including the FCA, CySEC, and FSCA, ensuring high standards of safety and compliance.

Low Cost Trading: The broker offers competitive spreads and minimal fees, making trading more cost-effective.

Advanced Trading Platforms: With MT4, MT5, and cTrader, traders have access to industry-leading platforms that support sophisticated trading strategies.

Extensive Educational Resources: FxPro provides a wealth of educational materials to support traders in their journey.

Reliable Customer Support: FxPro offers efficient and responsive support services, available in multiple languages.

Main Features

Trust and Safety

FxPro maintains a high level of trust and safety, supported by robust regulatory oversight and strong client fund protection measures. The broker adheres to strict regulatory standards, ensuring that client funds are held in segregated accounts and protected against potential insolvency.

Regulation

FxPro operates under several regulatory bodies, including:

• Financial Conduct Authority (FCA) in the UK, registration number 509956 (Tier-1 regulator)
• Cyprus Securities and Exchange Commission (CySEC), license number 078/07 (Tier-2 regulator)
• Financial Sector Conduct Authority (FSCA) in South Africa, license number 45052 (Tier-2 regulator)

Is FxPro Safe to Trade With?

FxPro operates under stringent regulatory frameworks, providing a secure trading environment. The broker segregates client funds from operational funds and offers negative balance protection, ensuring that traders cannot lose more than their account balance.

FxPro is regulated by top-tier authorities, including the FCA, CySEC, and FSCA, which impose strict regulatory requirements on brokers to safeguard client funds and ensure fair trading practices. The broker also maintains membership in industry bodies and adheres to high standards of client protection.

Overall, FxPro provides a secure trading environment with strong regulatory oversight and client fund protection measures.

Commission and Fees

FxPro offers a transparent and competitive commission and fee structure. The broker primarily operates on a spread-based model, where traders pay the difference between the bid and ask prices. Additionally, FxPro offers different account types, each with varying spreads and commissions to cater to different trading strategies and preferences.

Commission and Fees Overview

Spread-Based Trading: Competitive spreads with no additional commission on most trades.

Variable Spreads: Spreads may widen during high market volatility or specific conditions.

Swap Rates: Overnight positions incur swap rates, which vary by currency pair and direction of the trade.

Deposit & Withdrawal Options

FxPro offers a diverse range of deposit and withdrawal options to cater to its global clientele. Traders can fund their accounts and withdraw profits using various methods, including bank transfers, credit/debit cards, electronic payment systems, and PayPal. These options provide flexibility and convenience, allowing traders to choose the method that best suits their preferences and location.

Bank Transfers: FxPro supports both local and international bank transfers, enabling traders to deposit and withdraw funds directly from their bank accounts. While bank transfers may take longer to process compared to other methods, they are a reliable option for larger transactions and international transfers.

Credit/Debit Cards: Traders can use major credit and debit cards, such as Visa and Mastercard, to fund their FxPro accounts instantly. This option is convenient for smaller deposits and provides quick access to trading funds.

Electronic Payment Systems: FxPro supports various electronic payment systems, including PayPal, Skrill, and Neteller, among others. These e-payment options offer instant deposits and withdrawals, making them ideal for traders who prioritize speed and efficiency.

Cryptocurrency Deposits: Additionally, FxPro accepts cryptocurrency deposits, allowing traders to fund their accounts using popular cryptocurrencies like Bitcoin and Ethereum. This option appeals to traders who prefer the security and anonymity of blockchain transactions.

Low Fees and Fast Processing: FxPro aims to provide cost-effective deposit and withdrawal solutions, with minimal fees and fast processing times. However, traders should review the specific fees and processing times associated with each payment method, as they may vary depending on the chosen option and the trader’s location.

In summary, FxPro’s wide range of deposit and withdrawal options, coupled with its commitment to low fees and fast processing times, ensures a seamless and convenient experience for traders worldwide.

Tradable Instruments

FxPro offers a diverse range of tradable instruments across multiple asset classes to meet the needs of traders with varying strategies and preferences. These include:

Forex (FX) Pairs: Traders can access a wide range of major, minor, and exotic currency pairs, allowing participation in the global forex market with competitive spreads and fast execution.

Commodities: FxPro provides a selection of popular commodities such as gold, silver, crude oil, natural gas, and other metals and energies. This allows traders to diversify their portfolios and hedge against inflation or geopolitical risks.

Indices: Trading is available on major stock indices from around the world, including the S&P 500, NASDAQ, FTSE 100, DAX 30, and Nikkei 225. This enables speculation on the performance of global equity markets.

Shares (Stocks): Traders can access a broad range of individual stocks from leading companies listed on major stock exchanges. This allows them to trade shares of companies they are familiar with or believe have growth potential.

Cryptocurrencies: Popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more are available for trading, providing exposure to the emerging asset class of digital currencies.

Bonds: FxPro offers trading in government and corporate bonds, allowing traders to invest in fixed-income securities and diversify their portfolios with relatively low-risk assets.

Futures: Traders can access futures contracts on various underlying assets, including commodities, indices, and currencies. This provides opportunities for speculative trading and hedging against future price movements.

Contracts for Difference (CFDs): FxPro also offers CFDs across all the aforementioned asset classes. This enables traders to speculate on price movements without owning the underlying assets.

Overall, FxPro provides a comprehensive selection of tradable instruments, catering to the diverse needs and preferences of traders across different markets and asset classes.

What are CFDs?

A Contract for Difference (CFD) is a financial derivative product that allows traders to speculate on the price movements of various underlying assets, such as stocks, indices, commodities, or currencies, without owning the underlying asset itself. When trading CFDs, traders enter into a contract with the broker to exchange the difference in the price of the asset from the time the contract is opened to when it is closed. CFDs provide traders with the opportunity to profit from both rising and falling markets, as they can take long (buy) or short (sell) positions.

What Can You Trade with FxPro?

Account Types

FxPro offers several account types to cater to the diverse needs of traders. Here’s an overview of each:

FxPro Edge Account: This account is designed for traders who prefer market execution with no requotes. It offers spreads from 0 pips and commission-based pricing. Traders have access to a wide range of trading instruments and can trade on the MT4 and MT5 platforms.

FxPro MT4 Account: This account is tailored for traders who prefer the MetaTrader 4 (MT4) platform. It offers instant execution with no requotes and competitive spreads starting from 1.2 pips. Traders can access a variety of trading instruments, including forex, indices, commodities, and cryptocurrencies.

FxPro MT5 Account: Similar to the MT4 account, the MT5 account is designed for traders who prefer the MetaTrader 5 (MT5) platform. It offers instant execution with no requotes and competitive spreads starting from 1.5 pips. Traders can access a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies.

FxPro cTrader Account: This account is tailored for traders who prefer the cTrader platform. It offers market execution with no requotes and spreads starting from 0 pips. Traders have access to a diverse range of trading instruments and can benefit from advanced trading features available on the cTrader platform.

FxPro SuperTrader Account: This account is designed for traders who prefer a social trading platform. It allows traders to follow and copy the trades of experienced traders, known as Strategy Providers. Traders can choose from a variety of strategies based on performance metrics and risk profiles.

FxPro VIP Account: This account is designed for high-net-worth individuals and institutional clients. It offers personalized services, including dedicated account managers, custom trading conditions, and premium support. Traders can access a wide range of trading instruments with competitive pricing and advanced trading tools.

Each account type may have different trading conditions, including spreads, commissions, leverage, and available trading platforms. Traders can choose the account type that best suits their trading preferences, risk appetite, and financial goals.

Registration and Account Opening

1. Registration and Account Opening
2. Opening an account with FxPro is a straightforward process:
3. Visit the FxPro website and click “Open Account.”
4. Complete the online registration form with personal details.
5. Verify your email address and phone number.
6. Submit required identification documents for KYC verification.
7. Fund your account using the preferred deposit method.

Restricted Countries

FxPro does not accept clients from several jurisdictions, including the United States, Canada, and Japan, due to regulatory restrictions.

Trading Platforms

FxPro provides access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, three of the most popular trading platforms globally. These platforms offer:

Advanced Charting Tools: Wide range of technical indicators and analysis tools.

Automated Trading: Support for Expert Advisors (EAs) and algorithmic trading.

Mobile Trading: Apps for iOS and Android devices.

User-Friendly Interface: Intuitive and easy to navigate.

Key Aspects of the Platform

The key aspects of the trading platforms offered by FxPro include:

• Advanced Charting Tools: FxPro’s trading platforms come equipped with advanced charting tools, including a wide range of technical indicators, drawing tools, and customizable chart layouts. Traders can conduct in-depth technical analysis and make informed trading decisions based on comprehensive charting capabilities.
• Execution Speed and Reliability: FxPro’s trading platforms are known for their fast execution speeds and reliability. Orders are executed swiftly and efficiently, ensuring that traders can enter and exit positions without delays or slippage, even during periods of high market volatility.
• Multiple Asset Classes: FxPro’s trading platforms offer access to multiple asset classes, including forex, indices, commodities, and cryptocurrencies. Traders can diversify their portfolios and explore various market opportunities within a single platform, without the need for separate accounts.
• User-Friendly Interface: FxPro’s trading platforms are designed with a user-friendly interface that is intuitive and easy to navigate. Traders can quickly access essential features, place trades, and monitor their positions with minimal effort, enhancing the overall trading experience.
• Risk Management Tools: FxPro’s trading platforms include a range of risk management tools to help traders mitigate potential losses and protect their capital. These tools may include stop-loss orders, take-profit orders, and trailing stops, allowing traders to set predefined levels for managing their risk exposure.
• Mobile Trading: FxPro offers mobile trading apps for iOS and Android devices, allowing traders to access the markets and manage their accounts on the go. The mobile apps provide full functionality, including real-time quotes, interactive charts, and order management, enabling traders to stay connected to the markets at all times.
• Customization Options: FxPro’s trading platforms offer a high degree of customization, allowing traders to tailor the platform to their individual preferences and trading style. Traders can customize chart settings, layout configurations, and order types to create a personalized trading environment that suits their needs.
• Security Features: FxPro prioritizes the security of its trading platforms, implementing robust security features to protect traders’ accounts and sensitive information. This may include encryption protocols, two-factor authentication, and regular security audits to ensure the integrity of the platform.

Overall, FxPro’s trading platforms are designed to provide traders with a comprehensive and seamless trading experience, combining advanced features, reliability, and user-friendliness to meet the needs of both novice and experienced traders.

Research and Education

FxPro is committed to providing traders with access to a wide range of research and educational resources to enhance their trading experience. The platform offers a variety of tools, analysis, and educational materials designed to empower traders with the knowledge and skills needed to make informed trading decisions.

Research

Traders using FxPro have access to several research resources, including:

• Market Analysis: Regular updates on market analysis reports covering major financial instruments, providing insights into current market trends and developments.

• Technical Analysis: Detailed technical analysis reports offering analysis of price movements and chart patterns, helping traders identify potential entry and exit points.

• Economic Calendar: A comprehensive economic calendar highlighting upcoming economic events and their potential impact on the markets, helping traders stay informed about important market-moving events.

• News Feed: Real-time news updates from leading financial news sources, ensuring traders are aware of the latest market news and developments.

Education

FxPro offers a range of educational resources tailored to traders of all levels:

• Trading Guides: Comprehensive trading guides covering topics such as forex and CFD trading, risk management, and trading strategies, providing valuable educational content for traders.

• Video Tutorials: Step-by-step video tutorials on using the trading platform, placing trades, and implementing trading strategies, helping traders navigate the platform effectively.

• Demo Account: A free demo account allowing traders to practice trading with virtual funds in a risk-free environment, helping them gain hands-on experience with the platform and trading instruments.

• FAQs: A comprehensive FAQ section answering common questions about trading, account management, and platform features, providing valuable information for traders.

Overall, FxPro’s commitment to providing traders with access to research and educational resources demonstrates its dedication to supporting traders’ success in the financial markets.

FAQs

Is FxPro regulated?
Yes, FxPro is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa.

What trading platforms does FxPro offer?
FxPro offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader trading platforms.

What is the minimum deposit required to open an account with FxPro?
The minimum deposit required is $100.

Does FxPro offer a demo account?
Yes, FxPro offers a demo account for traders to practice and familiarize themselves with the platform.

What types of accounts are available at FxPro?
FxPro offers Standard, Premium, VIP, and Islamic accounts.

Customer Support

FxPro places a strong emphasis on customer satisfaction by providing extensive support services to assist traders with their inquiries, technical issues, and account-related queries.

Live Chat: FxPro offers live chat support, allowing traders to connect with customer support representatives in real-time. Accessible through the FxPro website and trading platforms, the live chat feature provides prompt responses to questions and concerns, facilitating efficient issue resolution.

Email Support: Traders can reach out to FxPro customer support via email. The broker provides dedicated email addresses for different types of inquiries, including technical support, account verification, and general inquiries. The email support team aims to respond promptly and provide detailed assistance to traders’ concerns.

Phone Support: FxPro offers phone support during business hours, enabling traders to communicate directly with support agents. The phone numbers for FxPro customer support are available on the broker’s website, allowing traders to discuss their issues or questions in detail with knowledgeable support agents.

FAQs and Knowledge Base: FxPro maintains an extensive FAQ section and knowledge base on its website, covering various topics related to trading, account management, and platform features. Traders can find answers to common questions and solutions to issues by browsing through the FAQs and articles, facilitating self-help and troubleshooting.

Overall Impression

FxPro demonstrates a commitment to providing excellent customer support services to its clients. With multiple channels of communication and comprehensive resources available, traders can access assistance conveniently and efficiently. The prompt and effective customer support contribute to enhancing the overall trading experience, fostering trust and confidence in FxPro’s services.

FAQs

Conclusion

FxPro stands out as a reliable and competitive broker in the forex and CFD trading industry. With a strong regulatory framework, competitive trading conditions, advanced platforms, and extensive educational resources, FxPro is well-suited for traders of all experience levels. Whether you are a beginner looking to start your trading journey or an experienced trader seeking advanced tools and tight spreads, FxPro offers a robust and secure trading environment.

Information and Features

Trading Features

Further Information

Contact Information