FXPro has announced upcoming changes to the CFD trading rules that will come into effect for clients of FxPro Global Markets Limited, which is subject to regulation by the Securities Commission of the Bahamas (SCB). These changes concern a simplified verification procedure and leverage of up to 1:10,000, as well as improved trading conditions, expansion of the range of instruments, trading accounts, and payment systems.

What is the FxPro broker?

FxPro is a leading online broker providing trading services to clients since 2006. With over 17 years of experience, FxPro has established itself as a proven and reliable brokerage company for traders of all levels.

FxPro allows clients to trade a wide range of products including:

• Forex

• Shares and indices

• Products

• Cryptocurrencies

• ETF

Some key points about FxPro:

• More than 1 million active traders worldwide

• Access to more than 150 trading instruments

• Negative balance protection

• Award-winning trading platforms such as cTrader and MT4/MT5.

• Infrastructure and security of funds

FxPro places great emphasis on security and risk mitigation measures to ensure the safety of client funds. Their dealing department infrastructure seamlessly handles large trading volumes, and internal procedures are designed to prevent conflicts of interest. Segregated client accounts also provide funds protection in accordance with regulatory standards. Over the years, FxPro has won over 70 international awards in recognition of its trading platforms, superior customer service and innovative products.

Some of their most notable awards include:

• Best Forex Broker according to UK Forex Awards 2022

• Best Forex Trading Platform according to ADVFN Awards 2022

• Best FX Platform at Ultimate Fintech Awards 2021

• Best crypto broker according to ADVFN Awards

These awards confirm FxPro’s position as the industry’s leading broker.

FxPro Regulation

FxPro is regulated by leading UK and EU regulators. This means that they adhere to strict rules regarding the segregation of client funds, financial reporting and other risk controls.

Here is a summary of their regulatory status:

• UK: Authorized and regulated by Financial Conduct Authority (FCA) under license number 509956.

• EU: Licensed by Cyprus Securities and Exchange Commission (CySEC) under license number 078/07.

• South Africa: FSCA Permit FSP No. 46614.

• UAE: license DFSA No. F003333.

• Bahamas: Registered with the Bahamas Securities Commission under license number SIA-F184. The new Bahamas license was received on November 30, 2023.

Safety and Trust

FxPro UK LTD is authorized and regulated by the British Financial Conduct Authority (FCA). This is one of the strictest financial institutions. Client funds remain segregated and traders are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. This is the main regulator of this brokerage, but includes entities regulated by the Cyprus Securities and Exchange Commission, the South African Financial Sector Regulatory Authority, the Dubai Financial Services Authority and the Bahamas Securities Commission.

FxPro has an impeccable reputation and remains one of the most trusted Forex brokers in the industry. FxPro is a reliable choice of broker, as evidenced by 1,300,000 traders. This broker is the market leader in NDD trading and one of the most reliable in the industry. Transparency is excellent, asset selection is acceptable, but pricing remains elevated.

Market Instruments

FxPro offers access to a wide range of financial markets across various asset classes, including:

• Forex. With FxPro you can trade major, minor and exotic currency pairs. Some of the popular forex pairs on offer include EUR/USD, GBP/USD, USD/JPY, AUD/USD and many more.

• CFD. You can trade CFDs on stocks, commodities, indices, cryptocurrencies and more. FxPro offers over 150 CFD instruments covering global markets.

• Shares. FxPro allows you to trade shares, so you can buy, sell and hold positions in popular companies listed on exchanges such as LSE, NASDAQ, NYSE.

• Crypto. Cryptocurrency CFDs are available, including top coins such as Bitcoin, Ethereum, Litecoin, Ripple and more. You can go long or short on cryptocurrency prices.

• ETF. We offer a wide range of popular exchange-traded funds across a range of sectors and global markets.

• Futures. Trading futures contracts on Energy, Metals, Food/Agriculture and more.

To sum it up, FxPro provides access to thousands of trading instruments across 6 major asset classes to meet the needs of all traders.

Fees and Fees FxPro

FxPro offers a variety of account options, including no-fee accounts as well as accounts with very competitive fees. Some accounts have zero commissions on Forex trades, while others charge fees as low as $2 per 100k trades. This works out to around $20 USD per standard lot trade, making their fees very competitive.

Holding positions overnight incurs a swap fee, which may be a cost or a bonus depending on the direction of the trade. Typical swap rates average around -4 for short positions and -2 for long positions, for example on EUR/USD.

So overall FxPro has a very competitive and transparent commission structure with wide spreads and low commissions on certain accounts. This makes them an affordable option for active currency traders.

FxPro offers both fixed and floating/variable spreads for three different accounts:

• FxPro MT4/MT5 accounts. On its standard MetaTrader accounts, FxPro offers variable spreads starting from 0 for certain instruments. Average EUR/USD spreads typically range from 0.6 to 1 pip during the London and New York sessions, widening slightly during the Asian market quiet hours.

• FxPro cTrader Accounts. With cTrader accounts, you can trade with raw spreads as low as 0 pips and average EUR/USD spreads of 0.6 to 0.9 during active trading sessions. Very tight spreads for this account option.

FxPro operates a transparent and fair swap fee system that encourages holding long-term positions that match benchmark interest rates. The swap can be earned or accrued depending on the net referral.

Leverage FxPro

FxPro allows you to use leverage up to 1:500 depending on your country of residence and the selected account type.

For international clients, FxPro offers industry-leading leverage of 1:500 on select instruments, including major/minor Forex pairs. This allows you to open larger positions with a lower initial margin. In the new jurisdiction of the Bahamas, customer verification has been simplified and leverage has been increased to 1:10,000.

For clients regulated by the European Economic Area, the maximum leverage is limited to 1:30 in accordance with ESMA regulations. Still high enough for Forex trading.

To open a position of 100 thousand EUR/USD, only a margin of 200 USD is required with a leverage of 1:500 or a margin of 3300 USD with a leverage of 1:30.

Risk Management

Leverage greater than 1:100 is considered risky, which is why FxPro provides negative balance protection and additional “decline only” intervention to promote responsible trading.

In summary, FxPro provides leverage to increase profit potential, but recommends the use of lower leverage combined with proper risk controls. Margin requirements are competitive for all account offerings.

FxPro offers accounts tailored to different trading styles, including commission-free, zero spread and fixed spread accounts.

Deposits and withdrawals FxPro

FxPro offers a number of payment methods for convenient funding of trading accounts. Here are the main deposit and withdrawal options:

• Bank transfer

• Credit/debit cards, including Visa, MasterCard

• Online payments such as Skrill, Neteller

• Local options for each country

• In cryptocurrency (USDT, BTC, ETH, LTC, USDC).

Deposit currencies:

US dollar, euro, pound sterling, yen, Swiss franc, Australian dollar, Canadian dollar, as well as other local currencies. In accordance with the updates, clients from the Russian Federation are able to service bank cards denominated in rubles (VISA, MASTERCARD, MIR).

Deposit in rubles:

Transfers in rubles for residents of the Russian Federation are available in the FxPro Direct Personal Account in the “Replenishment” section – “Russian Card Processing / Local Card processing”. For ruble transfers, you can transfer from 5,000 to 600 thousand rubles per application. The number of applications is not limited. The conversion rate is market, available when filling out an application. There are no commissions for depositing/withdrawing funds.

Withdrawal Time:

Withdrawals are processed within 24 hours and funds are reflected in customers’ accounts usually the next business day when using online e-wallets or within 1-3 days for bank transfers.

Withdrawal Fees:

FxPro does not charge any deposit or withdrawal fees. However, third party processors may charge a small transaction fee.

Overall, FxPro offers a seamless deposit and withdrawal process with multiple local payment options, decent funding flexibility, fast withdrawal times, and no internal processing fees. Although this company does not have license from the Central Bank of the Russian Federation, it is quite reliable and convenient for users from Russia. Compared to Russian forex dealers, there are many more opportunities for trading, depositing and withdrawing funds.

FxPro trading platforms

FxPro offers several top-tier trading platforms to provide clients with increased flexibility. Here’s an overview of the supported platforms:

• MetaTrader 4 (MT4). The globally popular MT4platform needs no introduction. It provides fast trade execution, custom indicators, advisors and comprehensive charting tools in an intuitive interface.

• MetaTrader 5 (MT5). MT5 is an improved new version of , including everything that MT4 offers, plus more chart timeframes, technical indicators, order types and asset classes such as stocks and futures.

Compare MT4 and MT5

• cTrader. The cTrader platform,, custom developed by FxPro, is focused on fast and efficient trading on the Forex market. One-click trading features, advisors, level II pricing, spreads from 0 and VWAP algorithms.

• FxPro Edge (FxPro Edge). This is FxPro’s flagship spread betting platform, offering leveraged trading on global markets without complex ownership and tax implications.

• FxPro Quant. Automated trading platform using quantitative analysis tools, unlimited strategy testing capabilities and algorithmic order execution.

• WebTrader (WebTrader). FxPro also provides a browser-based WebTrader with all the platform’s capabilities accessible from any web browser or mobile device.

To sum it up, FxPro provides robust trading platforms including industry stalwarts MT4/MT5 as well as its own proprietary platforms optimized for different trading styles.

FxPro Customer Service

FxPro has a good reputation for excellent multilingual customer support through a variety of communication methods:

Live Chat

Instant chat available directly through trading platforms or the FxPro website for quick assistance from customer support representatives.

Phone Support

Toll-free local phone numbers available in over 20 countries, plus email and social media support channels offered during market hours.

Office Locations

FxPro has offices and regional support teams in the Europe, Middle East, Asia and Africa regions, providing clients with global but localized assistance.

Response Time

The average wait time for chat/calls is less than 60 seconds, which demonstrates FxPro’s commitment to promptly support customers for any issues large or small.

To sum it up, FxPro provides truly 24/7 customer support with multilingual capabilities and multiple contact options serving an international clientele. The quality of support is above average, judging by customer reviews.

Conclusion

Based on the analysis, FxPro has proven itself to be a competitive, trustworthy and customer-focused broker that serves traders of all styles well. New members can be confident in the credibility of FxPro, and veterans can appreciate the excellent trading infrastructure offered. Overall, FxPro remains an industry leader that innovates to help traders make consistent profits over the long term.