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FxPro Review
FxPro general information
Founded in: | 2006 year |
Headquarters: | United Kingdom |
Offices in the country: | United Kingdom, Cyprus, Monaco |
Minimum Deposit: | 100 $ |
Website: | www.fxpro.com |
Website languages: |
English, Arab, Vietnamese, Indonesian, Spanish, Italian, Chinese, Korean, Malay, Deutsch, Polish, Portuguese, Russian, Thai, French, Czech, Japanese |
Execution model: | NDD, ECN, STP |
Deposit currency: | USD, EUR, JPY, GBP, AUD, CHF, PLN |
Support languages: |
English, Arab, Vietnamese, Indonesian, Spanish, Italian, Chinese, Korean, Malay, Deutsch, Polish, Portuguese, Russian, Thai, French, Czech, Japanese |
Regulated by: |
FCA (United Kingdom) license №509956 CySEC (Cyprus) license №078/07 CNMV (Spain) |
Mobile trading: | iOS, Android |
Types of offered accounts: |
Unlimited Demo Accounts, Standard Accounts, ECN accounts, STP accounts, VIP accounts, Micro accounts, Segregated accounts |
Trust management: | PAMM, LAMM |
Affiliate program: | Yes |
FxPro Forex broker description
FxPro was established in 2000 and over the years with restructuring has enabled it to become the giant that it is in forex trading. From its office in London where it was established, it has managed to spread to 150 other countries around the world and also increasing its offices to four in Cyprus, Dubai, and the Bahamas.
Trading Accounts
FxPro has a host of trading accounts under its banner that will allow a client signed in to trade. Each type of trading account has unique features designed to cater to the respective different clientele's taste and preferences.
Of this accounts, we have the demo account, the live trading account, and the premium account.
The FxPro Demo Account
The FxPro demo account is an account that has been created to help demonstrate the execution of trades to newbies or clients with little or no information on the forex trading concept. It will take the client through the various steps of trade execution and even the client will be able to trade with real-life conditions only that they will use virtual funds.
The FxPro Live Trading Account
This is the basic account type in this platform. It is designed to meet the needs of both inexperienced and professional traders. It feature are highlighted as follows.
- Instant and market execution available.
- Negative balance protection.
- Utilizes a host of base currencies from the euro, the United States dollar, the Australian dollar, the Great Britain pound, the South African rand and also the Japanese yen.
- Granted access to a wide range of trading instruments.
The FxPro Premium Account
The premium account also referred to as the VIP account is an account type that has been crafted to meet the needs of professional traders who stake in large amounts of funds for them to trade. This account has to be signed up for as a request and upon meeting the set requirements you will get the premium account. Among the requirements is that you need to have $50000 or more or currency equivalents in deposits.
Among the benefits and features that come with having this type of account are:
- An account holder will be provided for with an account manager whose task is to run our account and make necessary adjustments to maximize on trades. The may also offer advisory services pertaining to trade executions.
- No withdrawal or deposit fees incurred by the account holder as FxPro already handles this for its VIP clients.
- Gain access to a free VPS server for an enhanced trading environment.
The Company. Security Of Funds.
FxPro was established in 2006 as earlier indicated and with a presence in over 150 countries worldwide. This is due to its awesome customer relations and also the lucrative deals it brings over to the table when dealing with clients. As a result of this FxPro has managed to bag a lot of awards to its name in parameters of the best trading conditions as well as superb customer service.
With a good clients' base, you will require a very reliable workforce under you to satisfy the customer's needs. This is exactly what FxPro is achieving by having the right team of staff who work round the clock with dedication. They will answer clients' queries as well as help them where help is needed giving them a good clientele experience.
FxPro in compliance with the laws set in the countries it carries out its trading operation has the right documentation in licensing and regulation from the concerned regulatory authorities. Among the licenses it has its hands on include:
- A valid license from the financial conduct authority (FCA) from the United Kingdom.
- A license from the Cyprus Securities and Exchange Commission (CySEC).
- A valid operation license from South Africa’s financial services board (FSB).
- A license from United Arab Emirates’ Dubai financial services authority (DFSA).
- A clean bill of operation from the securities commission of the Bahamas (SCB).
In keeping up with the regulations governing it from the regulatory bodies, FxPro ensures that clients’ funds in its possession are kept safe and secure. Among the measures it has employed in keeping these funds secure include:
- Operating segregated bank accounts, one for their operational funds and the other for clients' funds. This prevents the funds from causing a mix-up.
- Investor protection courtesy of being a member of the financial services compensations scheme (FSCS) which will provide aid in case of liquidation.
- Partnerships with major banks that will store the clients’ funds safely.
Trading Conditions
Minimum Initial Deposit
The minimum initial deposit stands at 500 units of your base currency. This amount will serve as your base trading capital and also as your trading shield in case of losses.
Position Sizes
The minimum position size is 0.01 while the maximum position size is 10000.
Commissions
No commission is charged at all while trading.
Trading Platforms
FxPro uses among the best trading platforms that have the much-needed versatility factor in trade execution and with other amazing features packed into them. The trading platforms that it uses are the FxPro metatrader4, FxPro MetaTrader 5, FxPro ctrader and FxPro edge. Their features are as outlined.
FxPro Metatrader 4 Platform
- Supports fixed and floating spreads.
- Offers a dynamic leverage.
- Expert advisors supported.
- Negative balance protection. Offers both instant and market execution types.
- Offers tick chart trading.
- Gives market depth information.
- Negative balance protection.
- Added timeframes, charting and drawing tools.
- Lucrative spreads of 0 pips on major pairs.
- Dynamic leverage.
- Negative balance protection.
- No requotes.
- Full market depth analysis.
- Tax-free.
- No commissions charged.
- Tight spreads.
FxPro MetaTrader 5
FxPro Ctrader
FxPro Edge
Promotions
The following are the currently available promotions on offer by FxPro.
- The cash rebate program where you will get a rebate as you trade.
Deposits And Withdrawals
Deposits and withdrawals are very easy to execute while dealing with FxPro. A client can use a variety of channels to transact and they include the credit or debit cards such as Visa or MasterCard, PayPal, Neteller, Skrill and also bank transfer. Transaction fees vary with the channel you are using but it takes a short processing time to be effected.
BRIEFLY ABOUT FxPro
In conclusion, this is one of the best traders that you will ever find with the best products irrespective of your needs. A look at the FxPro customer comments and reviews show you of what a credible trader it is. This is a highly recommended site for anyone who wants to venture into forex trading.
Trading accounts of FxPro
- MT4 Instant
- MT4 Market
- FxPro cTrader
- FxPro Super Trader
- MT4 Fixed Spread
- MT5
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 100 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc |
Trading instruments:
| Forex1:500
Number of currency pairs: 390
CFD's1:50 Metals1:200
Energy sources1:50
|
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 10000 лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 25 % |
Commission:
| Not |
Phone trading:
| Yes |
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 100 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc |
Trading instruments:
| Forex1:500
Number of currency pairs: 390
CFD's1:50 Metals1:200
Energy sources1:50
|
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 10000 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 25 % |
Speed of execution:
| -1.05 sec. |
Commission:
| Not |
Phone trading:
| Yes |
Trading platforms: | cTrader |
Minimum Deposit : | 100 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc |
Trading instruments:
| Amount of assets : 71 |
Stop Out:
| 30 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 1000 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 40 % |
Commission:
| 4.5 USD per 100 k USD |
Phone trading:
| Yes |
Trading platforms: | Super Trader |
Minimum Deposit : | 500 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc |
Trading instruments:
| |
Stop Out:
| 25 % |
Minimum position size:
| 0.1 лотов |
Maximum position size:
| 1000 лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Margin Call:
| 20 % |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 100 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc |
Trading instruments:
| Metals1:100
Energy sources1:50
|
Stop Out:
| 20 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 10000 лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Fixed |
Decimal places:
| 5 characters |
Margin Call:
| 25 % |
Speed of execution:
| -1.05 sec. |
Phone trading:
| Yes |
Trading platforms: | MetaTrader 5 |
Minimum Deposit : | 100 $ |
Deposit currency : |
USD - US Dollar EUR - Euro JPY - Japanese Yen GBP - British Pound AUD - Australian Dollar CHF - Swiss Franc PLN - Polish Zloty |
Trading instruments:
| Forex1:500
Number of currency pairs: 389
CFD's1:50 Metals1:200
Energy sources1:100
|
Stop Out:
| 30 % |
Minimum position size:
| 0.01 лотов |
Maximum position size:
| 10000 лотов |
Max. number of orders:
| 1000 |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Margin Call:
| 40 % |
Speed of execution:
| 5.0E-5 sec. |
Phone trading:
| Not |
Monitoring of FxPro's MT4 Instant account
FxPro spreads All spreads FxPro
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Live spread | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Average spread for the past 30 days Average spreadInterval: | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FxPro quotes All quotes FxPro
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Ask | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Offers | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FxPro swaps All swaps FxPro
EUR/USD | GBP/USD | USD/CHF | USD/CAD | USD/JPY | AUD/USD | NZD/USD | EUR/AUD | |
Long | -9.19 | -6.09 | 3.74 | -2.51 | 2.55 | -4.29 | -1.28 | -11.09 |
Short | 3.91 | -0.72 | -8.61 | -5.02 | -7.65 | -0.71 | -3.85 | -0.53 |
Contacts of FxPro
Recent customer reviews of FxPro
Advantages: A lot of trading materials
Disadvantages: They don’t approve my withdrawal.
Comment: Account closed without reason after many years onboard. Loyal customers are just kicked out without explanation. It came out of nowhere, they say the matter can’t be discussed further, I don’t even know why. Stay away from FxPro, it will be a very frustrating experience for you, I stopped trading with fxpro once I start withdrawing my profits from the trades I made on benarmstrong-trades. com, I don’t encounter issues like I had in FXpro.
Advantages: Their own trading platform is a masterpiece. Funding is very easy.
Disadvantages: Too many platform softwares available. They can eliminate a few.
Comment: Great to find such a wide range of assets starting from the minors to exotic commodities like Cocoa and Coffee.
Advantages: -
Disadvantages: -
Comment: Good broker. My EA works perfect on the Ctrader. Never had any issues with my withdrawals. Fast payments in several hours via Skrill. My manager is very friendly and competent. Very good spread and execution. At the moment I am very satisfied with my broker.
FxPro news & press-releases
All news FxProAre you proactive, positive, responsible, able to solve different tasks, and have many creative ideas that you want to make come true? Then send us your CV right now! Join our dedicated team of professionals who know for sur ...
Read morePrior to the 2018 Mexican General Election, and in anticipation of increased market volatility, we had taken an extra step of caution and modified several of our trading conditions, including the margin requirements on MXN pa ...
Read moreDear Clients, We would like to inform you that due to Establishment Day of Hong Kong and Independence Day in the U.S., the trading hours of various instruments will be affected between 2-4 July 2018. Please review the tradin ...
Read moreFxPro analisis & forecasts
All analysis FxProEurozone Q1 GDP initial readings (YoY and QoQ) will be released at 10:00 BST today, followed by the US Markit Services and Composite PMIs (Apr) at 14:45 BST, the US non-manufacturing PMI (Apr) at 15:00 BST and the FOMC intere ...
Read moreThe UK and the Eurozone Markit Manufacturing PMI for April will be released today at 09:30 BST. German Unemployment rate and Unemployment change for April will be released at 08:55 BST Wednesday May 3. It will be followed by ...
Read moreGlobal equities rose with U.S. futures, fixed income retreated and JPY weakened as a tentative deal by the U.S. Congress to avert a government shutdown overshadowed weaker economic data from China and the U.S. over the past f ...
Read moreFxPro webinars and seminars
Let FxPro’s Phillip Konchar walk you through the weekly happenings in the financial markets. The webinar, which is free to a ...
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