FxPro Review – Is it a Legitimate Broker? Must Read!

You should be better aware of the broker’s reputation before making a decision, and this time, we have brought to you FxPro Review in which we have thoroughly discussed its features, security that it has to offer to its clients and the maintenance of quality assurance. So, let’s go ahead and find out whether it is trustworthy and legitimate or not.

FxPro Review – Overview

FxPro was founded in 2006, and it has been more than a decade that this broker has developed and maintained its reputation. It is offering Contracts for Difference (CFDs) on six asset classes that include Forex trading, shares, spot indices, future markets, metals & energies, and with more than 250 instruments it offers.

FxPro Review – Regulations

Speaking of regulations, FxPro is regulated under different subsidiaries and operates almost around the globe with legal license and authority. It works in the UK under the management of FxPro UK LTD and the UK’s Financial Conduct Authority (FCA) under the registration number #509956 regulates it. In Europe, it operates under the management of FxPro Financial Services LTD, which is a Cyprus Investment Firm under the jurisdiction of Cyprus Securities and Exchange Commission (CySEC).

The company also operates in South Africa under the regulations and authority of the South African Financial Services Board (FSB) under the authorized license number #45052. In the Middle East, it operates under the subsidiary company called FxPro Global Markets MENA LTD. The company is also based in Dubai under the jurisdiction of the Dubai Financial Services Authority. Moreover, for its global operations, FxPro Global Markets LTD, a regulated entity of the Securities Commission of The Bahamas (SCB), manages the broker firm.

FxPro review

FxPro Review – Reliability

Since over a decade, FxPro has proven itself as a reliable broker because of its operational services and many clients that have signed with it. It has maintained its services in various parts of the world and altogether, this broker has a major operational global firm. Besides, FxPro has earned many awards throughout this period, and no other broker has been able so far to come even close to its achievements.

FxPro has assured its quality and security, which is why the traders from the UK and the EEA are protected under the Financial Services Compensation Scheme (FSCS) and Investors Compensation scheme respectively. It may give you the idea in this FxPro review that how popular, reliable and safe this broker is for trading.

FxPro Review – Trading Platforms

FxPro offers multiple trading platforms such as its in-house FxPro cTrader and FxPro Edge. However, it also adds the most prominent platforms that are Meta Trader 4, Meta Trader 5. Let’s get into the further details of these trading platforms in this FxPro Review.

FxPro cTrader

For those traders who want to trade with raw spreads, FxPro provides them with their in-house cTrader platform. There are tons of features that it has offered to its traders, with this platform, such as depth markets, algorithmic trading, and VIP services are available. Whereas, in this platform, there are no fixed spreads, and there is a lot more than it has to offer.

FxPro Edge

It is the far more advanced level that FxPro has to offer to its traders. Edge is the platform where you can trade and enjoy the flexibility of Spread Betting while taking the fullest advantages of the tightest spreads across the whole platform with all six assets that it offers. The good news is that everything with this platform of trading is provided tax-free. It is a web-based platform that enables the traders to place their orders directly without any need to download the software etc.

fxpro review

FxPro MT4

FxPro provides MT4 as one of their trading platform, which is known as the world’s most prominent trading platform, which is adopted by many of the brokers around the globe. It provides a variety of features like, a charting package with a wide array of the technical indicators. Also, it has language-customization, which is why is widely being used by the traders across the world in different countries with different languages.

It does also allow automation trading with the use of Expert Advisors (EAs) to help traders execute a trade when they’re manually not able to do it due to any reason. MetaTrader 4 is available in a desktop version and is available for different operating systems such as Windows, Linux, and MacOS. If you use desktop a lot, this is the best choice of trading platform.

FxPro MT5

It is the upgraded version of the sibling MT4, which already has gained a lot of prominence in all over the world in terms of trading platforms. However, MT5 has upgraded and added additional features such as in-depth markets information, more time frames, etc. So, even this one isn’t an exception if you’re experienced.

Mobile Trading

Well, as technology has advanced, the needs of people have been too. People don’t want to miss anything even if they are on the move, which is why FxPro has offered you the mobile trading platform. It is merely the mobile versions of those platforms that we’ve seen before that FxPro offers. These apps are available on the App Store and Play Store for free of cost. Just install the apps in your Smartphone and start trading in the palm of your hands.

FxPro Account Types

FxPro offers 3 main account types that include, Demo, Standard, and Premium. Let’s elaborate them in this FxPro Review and see what they’ve got for you.

Demo Accounts: In demo accounts provided by FxPro, you don’t have to pay even a single penny. You’ll have access to all the platforms such as MT4, MT5, and cTrader, in which you’ll have approx $500,000 in your account and get started with trading with all the available resources and services. Basically, these accounts are provided for practice and learning. You can make your strategies, learn enough and then implement them in your live accounts.

Standard Accounts: FxPro provides live accounts with standard services and features in 3 different categories; MT4, MT5, and cTrader.

MT4 and MT5: In these account types, you require $500 at least for an initial deposit, and leverage is 1:500, EAs are supported. You can trade with the instruments such as Forex, Future markets, Energies, Metals, and Indices. Besides, there are lots of more features that you can use with this account type.

cTrader: Here, you require $1000 at least for an initial deposit, and leverage is 1:500, EAs are supported. You can trade with the instruments such as Forex, Future markets, Energies, Metals, and Indices. Besides, there are lots of more features that you can use with this account type. Moreover, in this one, cRobot is active and supported as well.

Premium Accounts: Speaking of premium accounts, FxPro offers VVIP account but for those with the initial deposits of $50,000. It is for those who actively trade large volumes and amounts. VVIP clients benefit from free VPS service, zero deposit fees, trade recommendations, exclusive news reports, and margin level alerts via email and SMS.

FxPro Review – Commissions and Spreads

A mixture of commissions is available here that a trader has to pay for the different FxPro accounts. For example, the cTrader account holder will have to pay the commission of $45 on $1 Million trade. However, there is an average that we have compiled below for your convenience to understand.

Instruments                Spreads (in Pips)

EUR/USD                    0.3 pips

GBP/USD                    0.7 pips

USD/JPY                    0.5 pips

USD/CAD                    0.8 pips

AUD/USD                    0.8 pips

NZD/USD                    1.2 pips

EUR/GBP                    0.6 pips

EUR/JPY                    0.4 pips

GBP/JPY                    1.9 pips

GBP/CHF                    0.7 pips

FxPro Review – Deposits and Withdrawals

FxPro supports several methods for funds transfer through, which you can withdraw or deposit money. These methods include PayPal, Bank Wire Transfers, Skrill, Credit Cards, Neteller and Union Pay.

There is no fee on withdrawals, and it may take 1 to 5 business days to process. So, have patience when you’ve to withdraw funds.

FxPro Review – Customer Support

Speaking of FxPro’s customer support, it can’t be neglected that they have the best and comprehensive customer support available for 24/5. Along with Live Chat and they can be contacted via Email, Web Contact Form and Telephone. For the traders, to get the most out of it, they have localized their services in almost 29+ countries right now.

FxPro Review – Conclusion

So, concluding the FxPro review, you must have seen how many features it has to offer to its traders. Also, how better they have become in terms of quality and services, since more than a decade when it was founded. Still, you may have a choice because every broker right now has the best to offer with weaknesses and strengths. The thing to notice is trustworthiness and quality that it has maintained so far.

 

EaglesInvestors give 4.5 out of 5 stars to FxPro.

5/5 (1 Review)

One Comment

  1. Good overview. FxPro is old and quite reputable broker. I have a good expirience with this company.

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