FxPro Review

  • Broker Type: NDD, OTC

  • Leverage: 1:500

  • Regulation: FCA, CySEC, SCB, FSB, DFS

  • Min. Deposit: 500 US$

  • HQ: UK

  • Platforms: MT4, MT5, cTrader, FxPro Markets

  • Found in: 2006

Broker licenses:

  • FxPro UK Limited - authorized by the FCA (UK) registration no. 509956 
  • FxPro Global Markets MENA Limited - authorized by the DFSA (Dubai) registration no. F003 
  • FxPro Financial Services Limited - authorization by CySEC (Cyprus) registration no. 078/07
  • FxPro Global Markets Ltd - authorization by  SCB (Bahamas) registration no. SIA-F184 

Top 3 Regulated Forex Brokers

Company Brief:

FxPro founded in 2006 as an online forex broker, since then company enhanced dramatically by following a client-centric approach and now serve retail or institutional clients from around 150 countries. The company started as a forex broker then spread into the one providing CFDs on 6 asset classes, with over than 280 instruments, hence a wide range of options to trade typically influenced the company’s growth.

Of course, tons of customers and general reviews bringing the understanding of company ‘Pros’, but international rewards from the largest financial institutions, organizations are more trustworthy. Starting from 2008 the company obtained numerous recognitions, and so far holding 50+ UK & international awards, here only a few of them:

  • ‘Best FX Provider’ 2018 | Online Personal Wealth Awards
  • ‘Most Trusted Forex Brand UK’ 2017 | Global Brands Magazine
  • ‘Best MT5 Broker’ 2017 | UK Forex Awards
  • Voted ‘Best FX Broker’ 2017 | Shares Awards, UK

FxPro Review

Licenses, Regulations & Security of funds:

FxPro Group Limited is the holding company of – FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets MENA Limited and FxPro Global Markets Limited. Group headquarter is in UK however, a company office serves in Cyprus, Dubai and the Bahamas. As a licensed broker FxPro subject to strict European laws, providing its financial services guaranteed by legal regulatory agencies such as CySEC and FCA. The company is a participant in the compensation of investors, which ensures the client’s deposit.

  • FxPro UK Limited was granted authorization by the UK FCA in 2010. FxPro Financial Services Limited received its CySEC license in 2007 and its FSB authorization in 2015. FxPro Global Markets MENA Limited is authorized by the DFSA, while FxPro Global Markets Limited is authorized by the SCB.

Client funds are stored in segregated accounts of European investment-grade banks, such as Barclays, Credit Suisse AG and Royal Bank of Scotland, which are having high ratings from Moody’s, Fitch, S & P, thus guarantees high reliability of the funds’ safety.

Trading Platforms, Accounts and Conditions:

FxPro offering range of various accounts and platform to suit the needs of any individual. There are three main types of accounts, by which clients can benefit low latency and no interference from a dealing desk: Demo account, Standard account and Premium accounts.

FxPro providing their traders with various trading platforms, each platform features a specific type of account. However, each of its kind offering dynamic Leverage at the maximum 1:500, initial recommended deposit – 500$ and variable spreads.  Regardless of the chosen account, micro trade is available: the minimum order volume is 0.01. Automatic trading also available and there are no restrictions on scalping, in addition platforms allow using proven managers and pre-tested trading strategies to earn funds under all major risk management rules.

FxPro MT 4/5

FxPro cTrader

FxPro Markets

Trade 6 asset classes

Spreads from 0 pips

‘Best Online Trading Platform’ – FXWeek e-FX Awards

Fixed and floating spreads

Full market depth

Tight Spreads

Instant and Market execution

No requotes

Single-tap order execution

All Expert Advisors supported

Algo trading supported

 

Major traders are offered to use a VIP package of services that includes a number of advantages: free VPS-server, no deposit fees, SMS-notification of the margin, free news reports and many more.

Deposits and Withdrawals:

There are a multitude of ways to fund the trading account. At present, FxPro supports 6 different payment methods. You can make a deposit or withdrawal through the following methods:

*Bank wire transfer

*Credit Cards

*PayPal

*Skrill

*Neteller

*UnionPay

In addition, clients can perform deposits using several different currencies including USD, Euro, KWD, AED, SAR, and RMB.

Withdrawals will be processed using the same payment method as the deposit and a pleasant addition FxPro does not charge any withdrawal fees for any of the payment methods.

Company Advantages and Unique Features:

  • An important part of each trader is an analysis and FxPro reveal a very serious approach to that part. On a daily basis, teams of experts collect and provide tons of information about all market moves, which allows every trader to use professional forecasts and reliable analyze as their tool, hence sufficiently increase profits in passive mode.
  • Also, there are numerous useful tools:

-Autochartist service specializing in the provision of technical analysis;

-FxPro Quant allows to turn own trading style into an algorithmic strategy;

 -cAlgo application allows encoding indicators and algorithms to create algorithmic trading strategies;

  • Demo Accounts allows conducting trials with no risk.
  • World-Class Support and Resources: 24/5 Customer Support in 19 languages, daily market analysis any sufficient support always at clients hand

Regional Restrictions:

FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets MENA Limited, FxPro Global Markets Limited do not offer Contracts for Difference to residents of certain jurisdictions such as the United States of America, the Islamic Republic of Iran and Canada. 

Conclusion:

Overall FxPro presented as a customer friendly company, besides very good reputation and reliability, a trader at any level would find its advantages. Well-developed company’s analytical and educational departments are astonishingly organized. Despite some disadvantages that the education will suit very well beginning traders, since content fairly basic. However, traders with experience in the market and programming skills will find lots of benefits from FxPro’s tools, which is a great advantage too.

Obviously, FxPro offers very competitive spreads, average fees and trading costs, however, some trading markets were more competitive. Traders are not eligible to use guaranteed stop loss orders and the stop-out rate varies between the different platforms.

Sadly, due to regulations FxPro does not offer any kind of bonuses or offers.

Joze From Portugal | | Tuesday, January 8, 2019

True licensed broker. If you want to trade safety and confidently FxPro will be a good choice. They do not offer big bonuses like a lot of bucket shops, but they are a reliable broker with real guarantees for their clients. I have been working with them for the last 3 years and never faced with the problems. Stable execution, rapid withdrawals…

Robert From Germany | | Monday, November 12, 2018

The good broker with good unique services. I saw some negative reviews but I have to say that unskilled traders have to be responsible for their own trades and must know clearly the broker’s rules. Having worked with them, I didn’t meet any major problems. Highly recommend this company!

Remi From Belgium | | Friday, October 26, 2018

Finding the right broker for beginner to start is really hard, especially when there are a lot of scams around. I had to search for a while until I got the perfect balance of market share and reliability and that’s why I chose FxPro. It is a big regulated broker with flexible conditions and great customer support. I’m completely satisfied with the service.

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    FxPro, a London-based foreign exchange brokerage, has announced about a multi-year partnership agreement with Mclaren F1 Team. Terms of the sponsorship deal were not disclosed, but it was confirmed that FxPro prominent branding will now appear on McLaren cars during all F1 races. The FxPro logo will appear on the MCL33 car from this weekend’s...

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