Elevating Your Trading Experience
Founded in 2006, FxPro is a global forex and CFD broker with a longer history than many competing platforms in the industry, and a great degree of trust to go along with it. The broker’s standout reputation in the market has pushed the company past several milestones, including attaining the 2 million-client mark (in 170+ countries), 635,000,000 orders executed, and a prestigious sponsorship with the McLaren F1 team.
FxPro Pros and Cons
Pros
- 4 Account Types
- 2,100+ Tradable Assets
- Regulated by Reputable Regulatory Authorities
- Advanced Trading Tools Available
Cons
- $100 Minimum Deposit
- Limited Educational Resources Available
Who Is FxPro Recommended For?
Considering FxPro as your trading partner comes with unique advantages that set it apart in the competitive world of online trading. With its user-friendly platform, competitive spreads, and a wide array of assets, FxPro offers traders a comprehensive and versatile trading experience.
FxPro caters to traders of all experience levels, making it an ideal choice for both beginners and seasoned investors. The broker’s ongoing commitment to user-centric features, a variety of account types, and innovative tools position it as a suitable option for a diverse range of traders.
Top FxPro Features
Empowering Traders With Valuable Insights
FxPro offers a variety of unique features and tools aimed at improving traders’ decision-making processes and providing insights into market trends and trading practices. These features include push notifications, which keep traders updated in real-time about market events and news affecting their trading decisions.
The platform also provides trend exploration tools like technical indicators, chart patterns, and trend lines to assist traders in identifying and analyzing market trends, enabling more informed entry and exit decisions. Moreover, FxPro offers instrument-specific insights, which offer a deeper understanding of factors influencing the price movements of different assets. Additionally, traders can access comparative analysis of user trading behaviors to gauge market sentiment and make more informed decisions.
These unique features enhance the overall trading experience, although further advanced tools could potentially lead to an even higher rating for the platform.
FxPro Account Types
Flexibility and Accessibility
FxPro offers a range of account types tailored to cater to the diverse needs of traders, ensuring accessibility and flexibility in trading. FxPro offers a diverse range of account types to cater to various trader needs. They provide a demo account for risk-free practice and strategy refinement. For Muslim traders, there are Islamic accounts that adhere to Sharia law principles by eliminating interest payments. To enhance security and transparency, FxPro ensures fund segregation, keeping client funds separate from operational funds.
For those looking for professional management, managed accounts are available, providing a hands-off approach to trading. FxPro is suitable for both beginners and professionals, offering educational resources and user-friendly platforms, along with advanced tools and features for experienced traders. However, it’s important to note that FxPro does not accept traders from the United States, which is a limitation to consider when evaluating its suitability. Here’s an overview of the available account types and their features:
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
Yes |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Trading Platforms
Versatile and User-Friendly
FxPro offers a range of trading platforms to cater to different trading styles and preferences.
Here’s an overview of the trading platforms and their features:
Mobile Trading Apps
FxPro provides mobile trading apps for both Android and iOS devices, allowing traders to stay connected and manage their trades on the go.
Web Trading Apps
The broker offers a web-based trading platform accessible through browsers. It provides real-time data, advanced charting tools, and a user-friendly interface.
Desktop Trading Apps
FxPro supports the popular MetaTrader platforms – MT4 and MT5 – for desktop trading. These platforms offer advanced charting, technical analysis tools, automated trading capabilities, and access to a wide range of trading instruments.
Charting and Analysis
The MetaTrader platforms offer comprehensive charting tools, technical indicators, and customizable layouts, empowering traders to perform in-depth analysis.
Ease of Use
FxPro’s trading platforms are designed with user-friendliness in mind, ensuring both beginners and experienced traders can navigate and execute trades effortlessly.
Algorithmic Trading and Copy Trading
The MetaTrader platforms support algorithmic trading through Expert Advisors (EAs) and offer copy trading services, allowing traders to follow and copy the strategies of experienced traders. Additionally, FXPro provides its own web trader and app for traders’ convenience and seamless trading experiences.
|
Trading Platform |
Available |
|
MT4 |
Yes |
|
MT5 |
Yes |
|
CTRADER |
Yes |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
FxPro’s trading platforms offer a solid and diverse range of options, with support for MetaTrader platforms, mobile trading, and web trading. Moreover, FXPro enhances user flexibility by providing its own web trader and app, ensuring traders can access their accounts conveniently from various devices.
FxPro Pricing
Transparent Pricing
FxPro is committed to transparent pricing, with competitive fees that reflect the value it provides to traders. Here’s an overview of the commission and fees associated with trading on the platform:
Account Minimum
The broker requires a minimum initial deposit, which varies based on the account type chosen.
Trading Fees: FxPro offers competitive spreads on various instruments, contributing to cost-effective trading.
CFD Fees
As a CFD broker, FxPro charges fees based on the spreads and overnight funding rates.
Forex Fees
Forex trading fees are primarily based on spreads, with varying rates across currency pairs.
Futures Fees
Futures trading fees are determined by spreads and other associated costs.
Account Fee
FxPro does not charge any account maintenance fees.
Inactivity Fee
A fee might be charged for inactivity on the account after a certain period.
Deposit Fee
FxPro generally does not charge deposit fees, but third-party payment processors might have associated fees.
Withdrawal Fee
FxPro doesn’t generally charge withdrawal fees. However, third-party processors may charge associated fees.
Overnight Funding Fee
FxPro charges or credits overnight financing fees for positions held overnight.
Currency Conversion Fee
For clients trading in a different currency, a conversion fee may apply.
Inactivity Fee
FxPro may charge an inactivity fee for dormant accounts.
FxPro’s transparent fee structure, competitive spreads, and minimal account maintenance charges contribute to its high rating. However, potential additional fees for inactivity and guaranteed stop orders slightly affect the rating.
Service Details
Comprehensive and Accessible
FxPro ensures traders have access to assistance whenever they need it, offering robust 24/5 customer support services. Whether it’s during standard hours or beyond, traders can rely on FxPro’s dedicated customer support team to provide prompt assistance, enhancing their overall trading experience.
Beyond regular hours, FxPro extends their support, ensuring that traders’ queries are addressed even during non-standard times. They offer multi-channel support, with options like live chat, email, and phone support, providing flexibility based on traders’ preferences. Additionally, FxPro enriches the trading experience with supplementary information and tools, including a comprehensive FAQ section, educational resources, and market analysis reports. These measures demonstrate FxPro’s commitment to effectively supporting traders.
FxPro Reliability & Security
Upholding Security and Integrity
When choosing a broker, trust and safety are paramount considerations. In this section, we delve into FxPro’s commitment to trustworthiness, regulatory compliance, fraud prevention, and the security of client funds.
Regulation: FxPro operates as a regulated broker under the oversight of prominent regulatory authorities.
Fraud Prevention: FxPro implements robust measures to prevent fraud and unauthorized access. By employing advanced encryption technology and rigorous identity verification processes, the broker ensures that clients’ personal information and funds are safeguarded from malicious activities.
Client Fund Security: The security of client funds is a top priority at FxPro. The broker utilizes segregated accounts, which means that traders’ funds are kept separate from the broker’s operational funds. This practice minimizes the risk of commingling and misappropriation, enhancing the safety of clients’ investments.
|
Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
Yes |
|
DFSA |
No |
|
EFSA |
No |
|
FCA |
Yes |
|
FMA |
No |
|
FSA (SC) |
No |
|
FSCA |
Yes |
|
FSC |
No |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
Yes |
With its comprehensive regulatory framework, stringent fraud prevention measures, and client fund security practices, FxPro demonstrates a high level of commitment to trust and safety.
Final Thoughts on FxPro
FxPro provides a comprehensive trading experience characterized by user-friendly features, competitive spreads, and an extensive array of assets. Although there is room for improvement in their educational resources, FxPro’s strengths position it as a viable option for traders in search of a versatile trading environment. Before deciding, it’s advisable to conduct thorough research to ensure that the broker’s offerings align with your specific goals and preferences. FxPro’s focus on user satisfaction and commitment to transparency make it a noteworthy broker to consider in your trading journey.
Contact Info
13-14 Basinghall str., City of London, EC2V 5BQ, UK