FXPro

FXPro

FXPro
FXPro
Introduction
Licensing & Regulation
Mobile Trading
Brand & Functionality
Registration Process
Depositing Process
Product Offering
Trade Execution
Banking
Customer Support
Trading Tools
Overall Rating:

Broker Information

User Rating
Leverage From 1:5 to 1:30
Instruments 250
Platforms MT4, MT5 and cTrader, FXPro Edge, iOS and Android Applications
Account Types Demo, Individual, Professsional
Account Currency $,£,EUR
Commissions -
Founded 2006
Customer Support 24/7
Min Funding $100
Regulation
  • CySEC
  • FCA
Funding Methods
  • VISA
  • PAYPAL
  • BANK TRANSFER
  • NETELLER
  • FXPro
  • FXPro
  • FXPro

Introduction

★ ★ ★ ★

With more than fifteen years of excellence, FxPro is one of the leading and most trusted online brokers serving clients in more than 170 different countries. Online FxPro traders have access to spot energies, spot metals, spot indices, futures, shares and CFD trading on Forex. Trading platforms include four platforms including Edge, cTrader, FxPro MT4 and MT5, while the trader offers deep liquidity and account holders enjoy the advantage of ultra-fast execution of orders, in most cases well under thirteen minutes. As an award-winning trader, FxPro’s exceptional services have won more than 55 international awards recognising its service quality, multilingual support available 24/7.

The FxPro idea was conceived in 2002 and founded in 2006, one of the first milestones was to become the first broker in 2008 to sponsor the F1 team, due to the companies trading success, a major expansion was needed by 2012. One of the major benefits is that all orders are processed anonymously and that the company focusses completely on online trading and currently process more than 7,000 orders per second, with most orders completed within 13 minutes. What makes FxPro one of the leaders in online trading it’s their multiple execution modes as well as competitive prices. Traders have a large selection of platforms to choose from including mobile, web and automated desktop trading, while cryptocurrency trading is offered in CFD on a broad variety of pairs including BTC/USD.

FxPro has continued to enjoy success and offers international traders CFDs on six different asset classes including spot energies, spot metals and forex, while the brand Global Brands Magazine named it the most trusted forex brand in 2017 in the UK.

Licensing & Regulation

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Established in 2006, FxPro’s headquarters is based in London, the United Kingdom and FxPro Group Limited is the owning firm of FxPro UK Limited, FxPro Global Markets MENA Ltd, FxPro Financial Services Ltd, regulated and authorised by the Dubai Financial Authority, while FxPro Financial Services Ltd is Cyprus Security and Exchange Commission as well as Financial Sector Conduct Authority authorised and regulated. FxPro Global Markets Ltd is regulated and authorised by the SCB, while FxPro does not offer residents of certain areas in Canada, Iran and the USA, CDFs. When it comes to FSCA authorisation, the broker offers execution services on FxPro prices and transactions are not traded on an exchange base, while CFDs are not FAIS Act regulated and the company do not provide intermediary services.

The award-winning broker specialises in spread betting and CFDs on futures, spot indices, foreign exchange, shares and spot metals and energies, while it is best known across the world for its fairness and transparency across all trading platforms.

Mobile Trading

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FxPro focusses on offering the most convenient online trading and therefore constantly updates the design of its online and mobile trading apps. The recently updated apps offer traders the option to choose either white or black skins, while the user-friendly app offers an array of information on shares it also includes several additional trading instruments, performs calculations and the option to convert between currencies. Unlike most other trading apps, FxPro offers easy-to-access information on all mobile devices as well as on smartwatch.

Both the iOS and Android-powered mobile devices have recently enjoyed updates and the new designs praised by traders for the variety of improved displays, added trading calculators including SILVER, GOLD, NAT.GAS, BRENT and WTI in addition to currency converters such as MXN, BRL and UAH. With the need upgrades, the apps offer improved speed while it provides traders from around the globe with real-time market updates on energies, precious metals, futures, indices, shares and forex.

App futures include the FxPro trader’s dashboard featuring valuable information on currencies, while the economic calendar, economic announcements and market feature offer trader’s quick access to real-time price alerts, notifications and candlestick charts. The mobile app also offers instant access to the market analysis and daily outlooks of the team of analysts as well as the FxPro blog.

Brand & Functionality

★ ★ ★ ★

FxPro is one of the most preferred online brokers due to its diverse investment portfolio offering including forex, cryptocurrencies, metals, indices, futures, shares and energies. It’s extended list of international awards earned includes the Best Services Provider awarded by the City of London Wealth Management in 2018, Best FX Provider awarded by Online Personal Wealth Awards, while FxPro was also awarded the Most Trusted Forex Brand in the UK award by Global Brands Magazine in 2017 as well as the Best Forex Provider awarded by the Financial Times and Investors Chronicle Investment and Wealth Management.

Registration Process

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As with everything else, FxPro focus on both convenient and fast services meaning the registration process is quick and once the account is registered and verified, followed by depositing offers instant access to over 250 instruments. New members can select from several tailor-made options including professional upgraded to retail, offering higher leverage, no dealing desk intervention, negative balance protection, and prudent segregation of funds.

FxPro also offers demo accounts, allowing clients new to online trading, the opportunity to get familiar with the trading practices. The help centre feature step-by-step guides providing new traders all the information needed as well as treading terms and trading glossary. A live trading account offers access to six different asset classes as well as 250 instruments while benefits include assistance from a dedicated accounts manager, free trading analysis and tools, several platforms including the FxPro Edge, MT4, cTrader and MT5, while the minimum deposit of 100 USD can be made via several payment methods. The VVIP trading account is exclusive to online traders wishing to trade in large volumes, the account offers withdrawals and deposits free of any charges, free VPS, invites to exclusive events, and daily trading central market analysis.

Depositing Process

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The wide range of deposit methods ensure fast and easy, safe account funding and the currencies and minimum deposit available is set at $500 for most currencies however for Japanese yen and South African rands, the minimum is 50,000 and 7,000 respectively. Broker to Broker transfers are also available and the transfer times depends on the banks involved, while credited funds are transferred within a single day to FxPro accounts, which also voids charges on wire transactions. Deposit options also include debit and credit cards including Maestro and MasterCard and funds are available within 10 minutes. Additional deposit methods also include PayPal, Skrill, Neteller, and UnionPay. Additional information regarding all depositing option is offered via both the FAQ and help centre.

Product Offering

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FxPro offers trading on a selection of markets including metals, energies, shares, indices, forex and futures. CFDs on forex offers over 70 pairs and trader’s benefits from fast execution of orders and tight spreads. Some of the most popular pairs include AUDCAD, AUDJPY, AUDNZD, AUDDKK, AUDPLN, AUDCHF, AUDSGD, CADJPY, AUDUSD, CHFJPY, CHFSGD, CHFPLN, EURRUB, EURAUD, EURCHF, EURUSD, EURSGD, EURCAD, EURDKK, EURSEK, EURCZK, EURJPY, EURHKD, CADCHF, EURMXN, EURNOK, EURHUF, EURNZD, EURPLN, EURGBP, EURTRY, EURZAR, and GBPCAD. MarketsSells also feature many of the fame popular pairs including GBPJPY, GBPCHF, GBPDKK, GBPNZD, GBPNOK, GBPPLN, GBPSEK, GBPSGD, GBPAUD, GBPUSD, GBPZAR, NOKSEK, NZDCAD, USDCAD, USDCHF, USDSEK, USDSGD to name a few. Spreads offer a reflection of averages from 08:00 AM to 21:00 PM GMT, while during trading hours traders have access to competitive spreads, and AUDUSD and NZSUSD spreads could fluctuate, while dynamic leverages apply to the FxPro, cTrader, MT4 and MT5 markets.

Popular futures investments allow trading on a range of energies, indices and commodities, of which the markets include corn, coffee, cocoa, soybean, sugar, wheat, NatGas, S&P500, DJ30, cotton, FRA40, EUR50, US Oil, Nas100 and GER30 to list only a few. Popular share trading options include Twitter, TeslaMotor, Microsoft, Amazon, E.bay, CocaCola, Netflix, Facebook and Sony. Trading on spot metals includes several markets such as GOLDoz, Platinum, SILBEREURO, PLATINUM and GOLDgr.

Trade Execution

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FxPro offers a variety of different trading platforms including FxPro MT4, FxPro MT4 WebTrader, FxPro MT5 available to iOS & Android mobile traders, FxPro MT$ multi-terminal trading, ,FxPro MT4 Mobile offering flawless trading on both iOS and Android devices, FxPro MT5 perfect for desktop trading, desktop trading via FxProcTrader, FxProcTrader Web, and mobile FxProcTrader available to Android and iOS traders plus FxPro Edge Web.

Banking

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FxPro accepts deposits via PayPal, Neteller, Credit/Debit Cards, and Bank Wire Transfers, in order to withdrawal, traders need to transfer the funds to their FxPro Wallet. The currencies available differ from one jurisdiction to the next, FxPro UK accepts PLN, JPY, CHF, AUD, GBP, EUR, and USD. FxPro Financial Services Limited accepts ZAR, PLN, JPY, CHF, AUD, GBP, EUR and USD, while FxPro Global Markets accepts ZAR, PLN, JPY, GBP, USD, EUR, USD and GBP is accepted by FxPro Global Markets MENA Ltd. Withdrawals via international bank wire can take up to a maximum of 5 days, while local and SEPA transfers take up to 2 days. Debit and Credit card withdrawals take around 5 to 7 days to reflect in clients bank accounts.

Customer Support

★ ★ ★

FxPro is the perfect solution for online traders who require access to a user-friendly market offering professional trading conditions. Services are available in a variety of different languages including Arabic, Chinese, Czech, French, German, Hindi, Hungarian, Indonesian, Italian, Japanese, Portuguese, Korean, Polish, English, Russian, Spanish, Malay, Thai, Urdu, and Vietnamese. Support is offered 24 hours a day via telephone, email, and live chat, while webinars offer new traders all the information required to start trading with confidence.

Trading Tools

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FxPro offers a variety of trading tools including cTrader, MetaTrader 4, MetaTrader 5, and FxPro Edge, while online traders also have access to the latest trading news, market analysis by experts, FxPro market news, events, webinars and technical analysis by trading central. The FxPro real account platform offers MT4– floating spreads, cTrader, MT 5 floating spreads and MT4 fixed and floating spreads. Spread betting via FxPro Edge include AUD, PLN, JPY, CHF, GBP, USD, and EUR.