FxPro Review

FxPro

FxPro

www.fxpro.com

  • Leverage: 1:30 | 1:500

  • Regulation: FCA, CySEC, SCB, FSCA, DFSA

  • Min. Deposit: 500 US$

  • HQ: UK

  • Platforms: MT4, MT5, cTrader, FxPro Edge

  • Found in: 2006

FxPro 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 - authorized by CySEC (Cyprus) registration no. 078/07
  • FxPro Financial Services Ltd - authorized by FSCA (South Africa) registration no. 45052
  • FxPro Global Markets Ltd - authorization by  SCB (Bahamas) registration no. SIA-F184 
 

Top 3 Forex Brokers

  1. What is FxPro?
  2. Awards
  3. Is FxPro safe or a scam?
  4. Leverage
  5. Accounts
  6. Fees
  7. Market Instruments
  8. Deposits and Withdrawals
  9. Trading Platform
  10. Customer Support
  11. Education
  12. Conclusion

What is FxPro?

FxPro started its operation in 2006 as an online forex broker and since then enhanced its service dramatically, by its aim and follow of a client-centric approach. In fact, FxPro now serves retail and institutional clients from around 170 countries through over 870,000 trading accounts which made it one of the leading Forex Brokerages.

ProsCons
Education Programs defined by level for beginners and advanced tradersNone
Free trading signals and research tools
Exclusive trading tools
Seminars, Webinars and Video Lessons
Market Outlook and Research

FxPro website

10 Points Summary
🏢 HeadquartersUK
🗺️ RegulationFCA, CySEC, FSCA, DFSA and SCB
🖥 PlatformsMT4, MT5, cTrader, FxPro Edge
📉 InstrumentsForex and CFDs on 6 asset classes, with over than 256 instruments
💰 EUR/USD Spread1.2 pips
🎮 Demo AccountAvailable with no limits
💰 Base currenciesEUR, USD, GBP, CHF, PLN, AUD, JPY, ZAR
💳 Minimum deposit100 USD
📚 EducationProfesisonal education and free reserch tools
☎ Customer Support24/5

Awards

Of course, tons of customers around the world and general reviews bringing the understanding that FxPro achieved sustainable trust in the industry and gained the highest ranks. But in addition to that, international rewards from the largest financial institutions and organizations brought a conclusion that the manner FxPro operates its NDD execution and operation itself deserves recognition too.

Starting from 2008 the company obtained numerous awards, and so far holding 70+ UK & international awards, as well as takes an active part in sponsorships.

  • ‘Best FX Provider’ | Online Personal Wealth Awards
  • ‘Most Trusted Forex Brand UK’ | Global Brands Magazine

FxPro sponsorship

Is FxPro safe or a scam?

While checking the broker’s safety you should refer to its licenses and under which authorization or overseeing it operates. Forex market being an independent market place is not regulated on its own, but every jurisdiction establishes its authorities in order to regulate transparency of the trading offering within the country and beyond.

ProsCons
Regulated broker with good recordAdditional Offshore entity
FCA license and overseeingRegulatory obligation vary according to entity
Negative balance protection
Global expand with CySEC license, DFSA and FSCA authorization in South Africa

Is FxPro legit?

Eventually, FxPro is an established brokerage firm in various jurisdictions, therefore it is regulated and authorized not only by one regulator but by several, which gives it extra layers of security and always for traders’ better.

FxPro Group Limited is the holding company that consists of – FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets MENA Limited and FxPro Global Markets Limited. The group headquarter is in the UK, however, broker serves offices 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, FCA and authorized by the DFSA.

FxPro entityRegulation and License
FxPro UK LimitedFCA (UK) registration no. 509956
FxPro Global Markets MENA LimitedDFSA (Dubai) registration no. F003
FxPro Financial Services LimitedCySEC (Cyprus) registration no. 078/07
FxPro Financial Services LtdFSCA (South Africa) registration no. 45052

How are you protected?

The regulated status of the broker, first of all, ensures its legit status, a regular check on the performance from the respected authority that ensures the client’s deposit by the set of protective measures. Client funds are stored in segregated accounts of European investment-grade banks, while the trader is a participant in the compensation of investors in case of FxPro insolvency, as well trade with negative balance protection.

Leverage

Leverage specification at FxPro offers a dynamic forex leverage model with various levels as the regulatory requirements of a particular entity set and obliged broker to follow. As we found already before, FxPro offers trading access through 3 main trading platforms that automatically adapt the clients’ trading positions, thus you can choose a suitable level to you and adjust to your strategy.

The maximum leverages offered by FxPro entities are detailed below since conditions vary according to entity regulatory obligations and applicable rules. and ranges between

  • 1:30 for European Clients
  • up to 1:500 for International traders

FxPro leverage

Accounts

ProsCons
Fast account openingNone
Single Account feature
Account connected to all platforms where conditions based on spread on commission basis
Islamic Account and Micro Accounts
Account base currencies USD, GBP, EUR

Account types

There is no choice between the FxPro Accounts, as it is a one account feature with a full package of advantages proposed by FxPro, yet the Micro Accounts and Swap-free accounts are available too.

Each of its kind offering dynamic Leverage at the maximum 1:500, and initial recommended deposit – 500$ and variable or fixed spreads (scroll down for more detailed information). If you are a beginning trader or would like to check on the broker’s conditions Demo account is a perfect solution to test the practices and highly recommended at the early stage.

Later on, you can easy switch between Live and Demo account right from you platform alike on the snapshot below.

FxPro accounts

Fees

Going to the important topic of what you have to pay in order to enjoy all FxPro trading possibilities, you should consider that all trading fees are built into the FxPro tight spread, which is a difference between bid and ask price.

ProsCons
Options between variable or fixed spreadNone
cTrader based on commission charges
Low CFD fees and Forex Fees
No hidden costs

Our find on Forex fees

FxPro offers both variable and fixed spread, while fixed available only through the MT4 platform, yet FxPro cTrader offers market execution with an average spread on Eur/Usd 0.3 and 45$ commission per 1$ million traded.

Overall, the spreads and costs considered to be low among the industry offering, for instance check and compare FxPro fees with its peer Plus500.

Comparison between FxPro fees and similar brokers
Asset/ PairFxPro FeesGO Markets FeesXM Fees
EUR USD1.2 pips1.2 pips1.6 pips
Crude Oil WTI51.95
Gold271.4 point35
Inactivity feeYesYesYes
Deposit feeNoNoNo

Additional fees

You should consider also a FxPro overnight fee charged by the broker in addition to the spread, for Forex pairs the cost or income is calculated as the interest rate. Or differential between the Tomorrow Next Deposit Rate of the 2 currencies in question, plus the commission charged by the broker.

This depending on the type of the position long or short, as well instrument you use thus you may either gain or lose on swap or rollover.

FxPro Cryptocurrencies

Instruments

At the development stage FxPro started as a forex broker and then spread further into providing CFDs on 6 asset classes, with over than 256 instruments. We see within our FxPro Review that the broker still continues its development by adding on more instruments hence influence the company’s growth too.

The FxPro Cryptocurrencies offering speculation on CFDs with the most popular cryptos, which is a great advantage too.

FxPro instruments

Deposits and Withdrawals

There is a multitude of ways to fund the trading account as well as to enjoy 0$ fee for money transfers, yet be sure to verify conditions according to the FxPro entity you will trade through.

ProsCons
Fast digital deposits No internal deposit fees or withdrawal fees
Multiple Account Base Currencies EUR, USD, GBP

Deposit Options

At present FxPro supports 6 different payment methods

  • Bank wire transfer,
  • Credit Cards,
  • PayPal,
  • Skrill,
  • Neteller

In addition to popular account base currencies, clients can perform deposits using several different currencies including USD, Euro, KWD, AED, SAR, and RMB which means you won’t be charged the conversion. However, every entity support various deposit methods, for details check official source FxPro.

What is the minimum deposit for FxPro account?

FxPro Minimum Deposit is set to 100$, however, the broker recommends to deposit at least 500$ in order to enjoy full features of the trading itself.

Withdrawals

FxPro Withdrawal fee and deposit charges as a pleasant addition from FxPro is 0, means there is no charge for withdrawal at any of the payment methods. Withdrawals usually processed within 1 day while using the same payment method as the deposit was done.

FxPro deposit

Trading Platforms

Let’s get closer to the particular FxPro offering and see why the world traders prefer this choice.

First of all the platforms range offers the truly powerful software through an option to suit your personal needs, either by the industry-leading FxPro MetaTrader4 or its newest version FxPro MetaTrader5. Or maybe to stick with the super technological platform FxPro cTrader or to use the proprietary platform FxPro Edge for Spread Betting.

ProsCons
MT4, MT5, Proprietary FxPro Edge, and cTraderConditions may vary according to entity and platform
Copy Trade, Social Trading and Technical Indicators
Great selection of software suitable for any type of a trader
No restrictions on strategies
Fast execution and selection between its methods
Platforms available in various languages

Web Platform

Before we also jumping into the details about each of the platforms, the general conditions offering various order executions either Instant or Market Execution with tiered liquidity orders.

Each platform features Web Platforms with different stop out or limit levels, slightly vary in its instrument offering or may charge spread only or include commission per trade but with a lower spread (read Fee paragraph for detailed info).

Desktop Platform

The desktop platform of course available for download and suitable for any device, while with the desktop version you will get full package and sophistication each platform may offer.

Another technological solution and advantages of FxPro lays on the ground at every platform and depending on trader what is the technology you prefer to use.

Yet, what we could say there are vast opportunities, tools, measures and add-ons available with automatic trading, no restrictions on scalping, or option to use proven managers and pre-tested trading strategies under all major risk management rules.

Moreover, all 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.

FxPro platfrom

Mobile Platform

Another good point is to admit powerful mobile app FxPro designed, where you will find full control over your trading account, easy switch between Demo and Live modes and able to perform basic analysis and trades as well. All possible right from your mobile device.

Customer Support

FxPro offers a dedicated multilingual customer service team available 24/5 with a purpose to provide you with support any trader may need. Actually, FxPro shows quite good rankings and satisfied by its quality of service among traders and the community as well, which is definitely a plus.

Besides, FxPro is available around the clock in various countries due to its presence and run of support service offices, so you can contact them via any suitable method including live Chat, International lines and emails as well.

ProsCons
24/5 supportNo 24/7 client support
Relevant answers and quick response
Live Chat, International Phone Lines and email

Education

Beginners are very much welcomed at FxPro, that is why broker supports with professional education materials and courses designed by the level of experience. Fundamental, technical and other analysis reports also available along with educational videos, webinars, ebooks and other essential materials.

Besides, you will get exclusive trading tools FxPro included into its proposal that offers Economic Forex Calendar, Technical Analysis performed by Trading Central, 8 FxPro calculators and more.

ProsCons
Education Programs defined by level for beginners and advanced tradersNone
Free trading signals and research tools
Exclusive trading tools
Seminars, Webinars and Video Lessons
Market Outlook and Research

FxPro education

Conclusion

Overall FxPro is a very customer friendly broker that besides to its good reputation and reliability, due to heavy regulation, offers an advantage to the traders of different level and expertise.

Well-developed company’s analytical and educational departments are organized simply in an astonishing way. As the FxPro tries to assist traders in every possible way and offer, even more, the broker generously provides a truly professional approach to an important part of each trading day – analysis.

FxPro expert teams around the world collecting, analyzing and then providing tons of information about market moves, which allows every trader to use professional forecasts and reliable analyses, hence sufficiently increase potential profits in passive mode.

Alternative brokers would be FXTM and XM.com which both of them are similar to FxPro but advanced service in education and support traders.

Nevertheless, it will be great to know your personal opinion about FxPro which you may share in the comment area below.

Alex Lanthier From South Africa | | Friday, September 18, 2020

I can say for myself that I’m not the most professional trader, because I often hurry events and try to find some ways to make money as quickly and easily as possible. But I understand that this is not the most promising approach, so I try to fight it with all the methods available to me. And I’m constantly studying the market to make sure that every step I take is well thought out. But I still have a lot of work ahead of me. But I am ready for it. As for my work here, I can say that this company does not cause me any problems. I work with capital that is convenient for me. I mainly use technical analysis. Moreover, MT4 includes many indicators and specific settings to look at the situation from different angles.

Moris From Poland | | Wednesday, September 18, 2019

Big and reliable broker. I like scalping trading strategy so the most important thing, that fxpro can offer me tight spreads and instant execution. It’s very pleasant to operate without any problems, delays or constant freezes, which I encountered quite often with other brokers, even fairly well-known. Overall I’m very pleased with their work and attitude towards the client.

Adam From Poland | | Monday, April 15, 2019

Very good! Loving the experience here. FxPro is trustworthy company. They offer great trading platforms and software. А lot of instruments to trade and transparent withdrawal process.

Jan From Malta From Malta | | Wednesday, March 27, 2019

Neutral!

Ivan From Ukraine | | Monday, March 11, 2019

Overall good broker. Maybe not the best, but they do their job quite professionally and honestly. I am satisfied with the cooperation and do not plan to change the broker.

Gino From Belgium | | Monday, February 11, 2019

I have a very good impression of this company. The platform works fast without freezes and withdrawals are prompt. I can say for sure that they do not work against the client and always honestly pay the profit. Highly recommend FxPro.

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.

  • FxPro Announces Partnership Agreement with McLaren F1 Team

    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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    FxPro a UK based and international broker announced its expansion of partnership or better to mention sponsorship of McLaren F1TM Racing Team. It is already the second year in a row FxPro cooperates with McLaren and is eventually a historical partnership that continues to support both excellence and latest innovation. (You may read our FxPro...

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31 responses to “FxPro”

  1. I have no problems with this broker so far. I made $700 in 3 weeks. All conditions are great, especially spreads. They provide quite fast and stable execution. Orders are closed without any delays. The same situation with the withdrawals as well as deposits. Commissions are reasonable.
    rea

  2. I have read your reviews that are quite impressive. I want to invest here. I want to know that there is a trading manager for trade available? Or i have to trade myself.

  3. Been trading with FxPro for around a year and overall would say my experience with them is quite positive. There is nothing to complain about. Everything realized on the proper level.

  4. I am trading with them now. Before I started trading I first deposited money and withdrew it the next day. Then I increased the deposit and did the same i.e. withdrew it. There were no hiccups so far. At this stage I am happy and have a small positive balance.

    I definitely did not have the same experience with ICMarkets. When I was in a positive balance my account took a nice nose-dive. When I ask for reasons I got nothing

  5. I was sceptical at the beginning of my trading, but now I´m sure that this broker isn’t a scam. I had slippages only a few times. In general, execution is really good and fair. I always have a good profit and withdraw it without any problems. Imho, fxpro is a trustworthy company with good conditions and high security.

  6. Hello I was very very dissatisfied with the extremely high swap charges this week as it’s gone up 10 times overnight from Thursday,that’s my only issues with FxPro,can someone explain why these high swap charges when trades are left open overnight,hope someone can explain and help

  7. Hi everyone! My broker is FxPro and I satisfied with them. They have CySec and FCA regulation, that’s why can be trusted. All services are on the proper level. Deposit and withdrawal always take not more than a day.

  8. For a long time I was looking for a trustworthy good broker. FxPro had good reputation and favorable trading conditions. For now I’m happy with all the services. Platform is very good and stable.

  9. I don’t like it very much when slippages occur in trading. Because it’s just frustrating when you get the unexpected result of a trade. What is the situation with slippages with FxPro?

    • You do realise that this is inevitable, sometimes the market is too dynamic.
      But it’s worth noting that it’s really very rare here, and it can happen purely for objective reasons.

  10. Brokerage is good, it works really nice, offering strict regulations, Trading central analysis and a lot of assets. Yes, spreads are higher, but, to be fair, I understand what I’m paying for. Really, spreads there are some kind higher than offered by unregulated brokers, but with FxPro I understand that I’m paying for security and brokerage reputation and that’s important. So, I’m okey with paying 10% higher spreads If I will get more benefits, so it’s some kind of investments in my future.

  11. Nice web site. I like its design. It is a garish and stylish. I think, it`s important, when the company concern about the smallest things. For example, when it makes the web site a pleasant one for traders.

  12. I started working with FxPro recently, maybe half a year ago. So far I am not completely used to a brokerage, because I don’t have much experience in trading. In general, I have a rather positive opinion about a broker, it is nice to work with it.
    Most of all I certainly liked the fact that in trading I have almost no slippages. I don’t know how a broker managed to achieve such a result on slippages, but it is very cool. Not that slippages somehow have a big impact on my trading, but it’s much nicer to get the price that was originally specified when you open a deal.
    By the way, I’ve only recently realized that I haven’t opened analytics through FxPro yet (I’ve always seen all the summaries and data on third-party resources). Does the broker offer its clients any analytics at all?

    • What? Don’t you use the Analytics at FxPro? You’ve got to be kidding. It is wonderful in this company. The broker offers Analytics of a third-party service Trading Central.
      So you can:
      subscribe to the daily mailing list on technical analysis.
      set an indicator that will show the pivot levels in MT4 and MT5, recognize candlestick patterns, build levels, and recognize the trend automatically.
      get access to the platform with forecasts for about 8000 assets.
      In my opinion, this is the dream of every trader. So you should go to the Tools Tab, click All Tools and select Trading Signals from Trading Central. You will not regret it.

  13. I am more than satisfied with their services. FxPro spreads are truly low on their cTrader platform. They implement many convenient tools, good analytics. No issues with the execution. User-friendly and informative web site.

  14. Hi , i m living in qatar and looking for trusting trading broker. after seeing review i am interested to trade with this company. Can anybody contact me?

  15. I opted for FxPro because I like their diversity of trading solutions. Before I found them, I used mainly MT platforms. They offer this stuff too. I ignore their custom-made terminal but cTrader is a real treasure. It’s easier to use than Metatraders. Besides this, it allows to assess the depth of the market that can help if you are hesitating whether you need to open this particular trade or not.

  16. Here I feel confident enough that I can realize all my goals and objectives, because this is what I call stability and the opportunity to become a professional…
    In fact, most companies are similar, but each of us pays attention to different points, and only individual wishes and a clear understanding of how you want to work lead to the fact that you choose the best conditions for yourself.
    Here I am fully satisfied with the availability of several trading platforms to choose from and a good set of diverse assets that can be combined into different investment portfolios.
    I just haven’t tested the forex calculators here yet. And that’s why I wanted to ask – does it deserve attention? Is it worth using it in your work?

  17. I traded with the broker for just two months but my experience was fairly positive. I was mainly impressed by their advanced trading platform dubbed cTrader. From my point of view, in terms of functionality it leaves Metatraders behind. Moreover, it’s more intuitive. I felt even greater pleasure from using this terminal once I learned that I can use it with very tight spreads that suits me as a scalper.

  18. i traded with fxpro some years back , iwant to tryout the demo account before opening a real one, but the mt5 platform i downloaded has not been accepting the passwords i am given . i hope to open a real account soon , please , help me resolve the demo account . thanks

  19. I started trading with FxPro only because they’ve got the best trading fees for ctrader users. I found out about the company in the advertisement. And then saw their manual on the website of the cTrader developers. So, I decided to try trading here.
    In the company, I like a considerable choice of assets and strict regulation. You can trade what you want and not worry about the safety of your funds.
    I hope the trading conditions don’t change in the nearest future. Can they?

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