Founded more than ten years ago, in 2006, FxPro broker is one of world’s top-most forex and CFDs online trading platform. The brand falls under the FxPro group which manages the operation via several subsidies globally. The broker operates on 24/5 basis and offers trading across 6 assets groups which includes more than 250 variety of financial instruments.
FxPro Regulations
If you try to search for a FxPro scam, the efforts shall be in vain. The broker is tightly secured with prestigious regulatory bodies through its different subsidiaries. In UK it falls under the jurisdiction of FCA (Financial Conduct Authority) under the license #509956. In EEA, the broker is regulated with CySEC (Cyprus Securities and Exchange Commission). In South Africa it operates under the supervision of FSB (South African Financial Services Board) with the registration under #45052. For the Middle Eastern Markets, the subsidiary is based in Dubai and is regulated with the Dubai Financial Services Authority. And globally the broker is regulated with SCB Securities Commission of The Bahamas.
FxPro Reliability
Over the years FxPRo has proven to be a reliable source to trade with, which is evidenced by the sheer number of its customer base. FXPro has won numerous accolades acknowledging its credibility and the quality of services the online broker offers. Very few brokers in the market come close to FxPro when it comes to the quality of its services and achievements. As an added assurance the customers of FxPro in UK and EEA are protected under the FSCS (Financial Services Compensation Scheme) and Investors Compensation Scheme respectively.
FxPro Trading Platforms
FxPro provides its clients with several options of trading platforms. They have two proprietary platforms – FxPro cTrader and FxPro Markets. In addition to the two platforms it also supports industry –popular platforms such as MetaTrader 4 and MetaTrader 5. Both MT4 and MT5 come equipped with an array for tool for efficient trading experience such as technical indicators, advanced charting packages, robust market analysis, multiple language support, multiple order support, automated trading, full customization and much more.
Let’s take a further look at the exclusive features the proprietary platforms offer.
cTrader
FxPro has developed the cTrader platform to cater to the clients who wish to trade with raw spreads. It supports ECN trading and grants access to the spot markets with the rates of interbank. Other notable features of cTrader include its algorithmic trading support and in-depth market view.
Markets
The FXPro Market is driven towards traders who wish to access the trading platforms on their browser itself without any installation and downloads. Its USP feature is its ability to let the traders multitask within the platform, in short it means they can trade, fund and manage the account on a single screen.
Mt4 Mt5 Ctrader FxPro Markets
FxPro Mobile Trading
In tune with the trends, FxPro provides its traders with a mobile platform that is available on IOS and Andriod to trade on the go. The traders can now view all the information they need right on their smartphones giving them a wide scope for mobility.
Trade Types/Instruments
FxPro allows you to trade in CDFs and spot forex. Stocks, futures, market indices and commodities are the asset types available for CDF trading. At present, FxPro covers 70 pairs of currency, 29 market indices, 20 futures, 3 energy commodities and 2 precious metals and over 150 different types of stocks in its portfolio.
FxPro Account Types
FxPro offers 3 types of trading accounts – Standard, Demo and Premium account.
Demo Account
The demo account comes with no charge at FxPro; which allows the traders to test the broker’s platforms without committing any real money. It comes with a virtual balance of 500,000 dollars. Through this account you can access MT4, MT5 and the cTrader platforms.
Standard Accounts
The Standard account is divides as per the four platforms – FxPro Markets, MT4, MT5 and cTrader.
Premium Accounts
Any trader who has over 50,000 dollars to invest is eligible to premium account. It’s obvious the account come with certain benefits. However the economical spreads that the premium account hold enjoys over the other account holders forms most of its appeal.
FxPro Commissions & Spreads
The traders at FxPro have to pay a combination of commission charges and spreads. cTrader’s clients have to pay a FxPro fees of 45 dollars over the per trade on top the spreads quoted for the trade. However, even combined with the commission charges the spreads are yet low from the industry standard. The table below displays the kind of spreads you can expect to pay with FxPro
Deposits & Withdrawals Options
Currently FxPro supports 6 modes of payment for deposits and withdrawals into the trading accounts. There are – Credit cards, Bank Wires, PayPal, Union Pay, Neteller and Skrill.
The withdrawals are not charged and take one day to process, however for a successful withdrawal; it can take up to 5 days or less.
Customer Support
FxPro has customer support available on 24/5 basis, which can be contacted through email, phone or live chat. The support is multi-lingual and localised; with a local presence in more that 29 different countries.
Conclusion
The broker lives up to its promise; it is transparent and professional with regards to its operations. It caters to traders of all levels. The fact that FxPro is regulated with several prestigious regulatory bodies makes it a reliable choice for trading.
FxPro Review
Pros
- Unique trading tools
- High reliability
- Fast order execution
Cons
- Long confirmation process
- No bonuses or promotions