FxPro Review

Founded in 2006, FxPro offers CFDs on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals and Spot Energies across 4 trading platforms. With headquarters in London, United Kingdom, they have expanded to serve clients in over 170 countries. They were voted best broker from 2015 to 2017 by the Financial times and have won over 70 international awards to date. They are a highly regulated broker for trading forex and CFDs.

Overview

NationalitiesNo USA Clients
Account FundingMinimum 100 USD

However, the recommended min initial amount is 500 USD

Is a corporate Account Possible?YES
Sign Up processFast with a clear four-step process
 Funding optionsBank Wire transfers, Credit/Debit cards, PayPal, Neteller, Skrill
Max leverage Europe

Max leverage Asia

Max leverage rest of world

1:30

1:500

1:500

Forex: Spot TradingYES
Currency Pairs70+
CFDs250+
CryptocurrencyYES
Commodities10 commodities
Stocks150+
Penny StocksNO

Regulation and Trust

“FxPro is known as one of the most extensively regulated forex and CFDs brokers. They are regulated by the Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA) and Securities Commission of The Bahamas (SCB).
In terms of platform downtime, the maintenance time for Mt4 is 1 min and for cTrader is 5 mins every midnight.”

Commissions & Fees

FxPro takes a commission on FX pairs and Spot Metals on the cTrader platform, charging $45 per million USD traded. If the account is in a currency other than USD, the figure is first converted. The company does not charge any fees or commission on deposits or withdrawals, however, should a bank transfer take place, a bank fee may be incurred.
FxPro offers an ultra-fast trade execution with no dealing desk intervention and a deep liquidity pool. This is due to their in-house spot aggregator and advanced order-matching technology allowing you to enjoy the benefits of competitive pricing and tight spreads.
A swap/rollover fee is charged when a trade is kept open overnight and charged to the account at 21:59 (UK time).

Community

FxPro has a customer-centric approach with places the needs of their clients at the core of their operations. To date, they have executed over 370,000,000 orders by thousands of traders with a speed of up to 7000 orders per second. Not only are their clients important, but they have also invested $121,000 000 through sponsorships, into partners that share their values. They are the official partner of the McLaren F1TM Team, the official main sponsor of Yacht Club de Monaco as well as the sponsor of 4 football clubs.

FxPro operates across multiple social media platforms including YouTube, Instagram, Facebook, and Twitter.

User Experience

Due to the highly regulated nature of FxPro, you can trade safely and with ease of mind. The extensive tools provided to traders helps to maximize trading opportunities. Most client trades are executed under 11.06 milliseconds allowing traders to benefit from ultra-fast order execution. The application works well and can be used interchangeably with the desktop platform.

Functionality and Tools

Traders can expect a wide range of trading tools including a daily market news summary, extensive global coverage of trading instruments, a traders blog, and traders dashboard for updated news and analysis of markets. Whilst FxPro has a range of tools available, they lack trader education. Only short videos and articles that cover the basics are available.

All forex platforms have the option to use a demo account to help you decide which one to trade with. The demo account provides you with $ 500 – $ 100,000 in virtual cash.

Trading Platforms

FxPro offers a variety of trading platforms including MT4, MT5 well as the cTrader platform, all available on the mobile and web app. The MT4 app is available to download from Google Playstore or Apple App store free of charge, allowing users to monitor markets and trade with charts wherever they are.

Customer Service

FxPro offers 24 hours a day 5 days a week customer service in 27 language options. The live chat is the fastest option for support, with the greeting from a bot and then the option to speak to a qualified consultant. If you would prefer not to ask questions through the live chat, you are able to request a call back at your convenience. FxPro also has an incredibly in-depth set of FAQ’s as well as articles to answer any queries you may have.

Summary

FXpro is a highly regulated broker in multiple jurisdictions providing a secure trading environment. They have a user-friendly interface that allows you to compare the multiple forex platform options to help you chose which platform to trade with. You can test your trading strategy using the free demo trading account for each platform before investing your own capital. FXpro has an award-winning no dealing desk execution, which means you benefit from the best available bid each time you trade and their ultra-fast order execution. Signup is simple and you have the ability to ask questions through a live chat 24 hours, 5 days a week in your language of choice.

70.25% of retail CFD accounts lose money with FxPro. FxProCFDs are complex financial products traded on margin. Trading CFDs is risky and may not be suitable for all investors. Ensure you understand the risks involved as you may lose all your invested capital.

High Leverage Option

Founded in 2006, rated the number 1 Fx Broker in the UK. Well regulated by the FCA and CySEC, Fx Pro has catered for 1,300,000+ client accounts coming from 170+ countries. FxPro has collected over 70+ International and UK awards.