FxPro Broker Review
Commissions & Fees
Within the trading industry and market FxPro has become a leading broker. FxPro offers many choices and tools that everyone from rookie traders to veteran traders are looking at. Read here to learn everything you need to know about FxPro and if this broker would fit your trading style.
FxPro is one of the leading brokers in the online trading industry. From the rookie traders to the experienced traders, all tend to trade with this broker since they offer excellent trading services at an affordable price. FxPro was founded in the year 2006, and since then, it has been expanding its services across the globe. It is a well-regulated broker (FCA regulations) with a very transparent pricing model. Moreover, their core team is always working hard to ensure the retail trader gets the best possible trading environment regardless of the market conditions.
Regulations and Reputation
At FXpro, you will never need to worry about the safety of your trading funds. The broker is regulated by FCA, which is a major milestone to achieve. With an FxPro trading account, you can stay relaxed and trade in a premium trading environment. When it comes to reputation, It is by far one of the most reputable brokers in the world who is working hard to make their clients satisfied. If you are completely new to this profession, just do some online research and read other peoples’ reviews. You will understand why FxPro has been growing steadily since 2006 when it was founded.
When it comes to the retail trading business, most traders are looking for diversified trading instruments. At FxPro, you can trade Forex, CFDs, futures, index shares, precious metals, and other popular markets. One may be tempted to think you will need a different trading account to access such a wide range of assets. But at FxPro, you can easily trade all the financial instruments just from a single trading account. Accessing the global trading market will never be an issue for you with FxPro.
The signup process at FxPro is very straightforward; you can easily set your online trading account within 3 minutes. You will need the following documents to open an account:
- Your valid international passport/ National ID or Driver’s license
- Proof of residence like bank statement dated no more than 6 months ago
If you have all the necessary documents and you are still facing some difficulties, feel free to reach their customer care for assistance. The broker is present in over 170 countries but does not offer its services in Iran and the USA. The minimum deposit when opening an account is $100. However, the recommended minimum deposit is $500. The broker offers three main types of accounts to its clients:
- Standard account
- Demo account
- Premium accounts
FxPro Trading Platforms
A trading platform plays a vital role in your success. The professional traders often spend hundreds of dollars to have access to the premium trading platform. But at FxPro, you don’t have to worry about that. They have a variety of trading platforms:
Metatrader4: This platform is often viewed as the industry’s standard. With an intuitive user interface and many customizable features, this platform provides the perfect tool to interact with the market. Access the platform on your PC or your mobile by downloading the Mt4 application. You can alternatively access the platform on a standard browser.
Metatrader 5: Metatrader 5 is a powerful web-based trading platform developed by Metaquotes Corporation. This platform allows users to access the market without installing or downloading any app. Traders can chart assets in over 21 time-frames with the ability to open more than 100 charts at a go.
C-trader: The FxPro cTrader is a powerful trading tool that offers the best available ask and bid prices and fills the same in milliseconds. Enjoy the full depth of the market with this tool that offers one of the best user experiences.
Edge: This platform is a web-based platform that is highly customizable. You can place your orders without installing or downloading any software.
Charting Tools and News Tools
When it comes to charting tools, FxPro is by far one of the best brokers. You will have a very precise price feed, and executing your trade will never be an issue for you. Most importantly, you can enjoy a fast-paced trading environment regardless of the market conditions. Some traders often think technical analysis is enough for them. But in reality, you need to do the fundamental analysis to improve your trading accuracy. Therefore, you need to understand the fundamental side of your trades. At FxPro, you will have economic indicators and the latest updates of the global economic news. So trade execution will become much easier for you.
News and Analysis Tools
Economic calendar: Use this calendar to review past, current, and future trading related events
Earning calendar: For the stock traders, this will be a helpful resource for you.
Market holidays: Market holidays can affect the trading schedule as well as the market volatility. This tool shows the upcoming holidays.
Trader’s Dashboard: A tool that helps you view trades in almost every dimension. It is an easy and efficient way of knowing what is happening in the currency market.
FxPro market news: Get real-time news from this resource presented in the most effective and user-friendly manner.
FxPro calculators: Utilize this calculator to do trading related calculations with the latest exchange rates
FxPro Direct app: Access the latest news, operate and manage your wallet from your mobile with this app.
VPS: You can allow the EAs and Algos to keep running 24 hours even when your terminal is off.
Trading Commissions and Fees
All the orders at FxPro are directly filled in the market. So, you will never face any requotes, even in extreme market conditions. The brokers offer up to 1:500 leverage, which means you can easily make a decent profit with a very low investment. Moreover, they offer dynamic tight spread, which makes trading much easier.
Here is a table showing the average spreads for the most common pairs:
Trustworthiness and Customer Support
This broker is committed to giving the highest standards of customer experience. Each member of the support team is trained to handle a wide range of issues. The support is available on a 24 hours 5 days a week basis. The broker offers its dedicated support in more than 18 languages. In general, the support team is very friendly and professional. The average time taken to connect to the support staff is below 1 minute, reinforcing its place as a premium broker.
The broker has been in the business for the last 15 years. Throughout the 15 years, the broker has conducted itself in the most professional manner scooping several awards, including the MT4 award. FxPro is regulated by the FCA and has complied with the rules of the EU region, Its main client base. The broker is also regulated in Cyprus by the CySEC, further solidifying its place as a broker of choice. Although sometimes the broker has some freezing platforms, the same has been reduced to acceptable levels. The broker has had its ups and downs, including an inquiry into the authenticity of their automated trading options by several independent reviewers. But in general, FxPro is a broker with a good reputation. Register and try out their top-notch services.
Like any other broker, FxPro has its strengths and weaknesses. However, this broker has something for everyone, which makes it easy to trade with it. It is also worth noting that while you may be able to explore the platform features after registration, placing trades will only happen after you pass their compliance, which may take a few days.
- Fast-paced trading environment
- Price feed is extremely accurate
- No quotes even at extreme volatile market conditions
- Deposit and withdrawal process is extremely fast
- You don’t have any option to choose the platform during the initial registration process
- You need to login to the desktop and mobile platform separately for the C trader platform