The purpose of this FxPro review is to examine the basic features that the firm provides to its traders, as well as those that it does not. To discover if FxPro is the right fit for your trading needs, read on and check out our review on tradingcritique.com.
Table 1: FxPro Overview
| Highlights | |
|---|---|
| Account Types | MT4 AccountMT4 InstantMT5 AccountCtrader AccountFxPro (EDGE)VIP Account |
| Demo account | YES |
| Islamic Account | YES |
| Market Instruments | Forex Futures IndicesMetals Energies Cryptocurrencies Shares |
| Trading Platforms | FxPro MetaTrader 4FxPro MetaTrader 5FxPro ctrader platformFxPro Trading Platform (EDGE) |
| Minimum deposit | $100 |
| Maximum Leverage | 1:500 |
| Minimum Trade | 0.01 |
| Funding & Withdrawal Methods | NetellerCredit/Debit CardSkrillBank TransferPayPalUnion Pay |
| Customer Support | 24/7 |
FxPro Broker Review- An Intro
FxPro is a global leader in online FX and CFD trading, as well as an award-winning broker with more than 85 global awards. It offers CFDs on six asset classes: forex, stocks, spot indices, futures, spot metals, and spot energies. FxPro today has over 1,866.000 trading accounts and services individual and institutional clients from over 170 countries, making it one of the most popular Forex brokers.
Regulations and Trust ability Review of FxPro Broker
FxPro was founded in 2006 and has been in service for 16 years, with a headquarters in the United Kingdom. They’ve also opened offices in London, Cyprus, and the Bahamas as part of their expansion. The FxPro Group Limited is the owner of FxPro Financial Services Limited.
FxPro Group Limited is the holding company for the following companies:
- The Financial Conduct Authority (FCA) has authorized and regulated FxPro UK Limited which is also a member of the Financial Services Compensation Scheme (FSCS).
- The Cyprus Securities and Exchange Commission (CySEC) and The Financial Sector Conduct Authority of South Africa (FSCA) have approved and regulated FxPro Financial Services Ltd Which is also a member of the Investor Compensation Fund (ICF).
- The Securities Commission of Bahamas (SCB) has authorized and regulated FxPro Global Markets Limited.
Client funds are kept separate from business funds in institutions including Barclays Bank, Julius Baer, and the Royal Bank of Scotland. It offers protection that protects against negative balances and has PWC audit financial reports.
Table 2: Regulation details in the FxPro Website
| Entities Name | Regulation | Country | License Number | Registered Address |
|---|---|---|---|---|
| FxPro Financial Services Ltd | The Cyprus Securities and Exchange Commission (CySEC) | Cyprus | 078/07 | Karyatidon 1, Ypsonas 4180, Cyprus. |
| The Financial Sector Conduct Authority of South Africa (FSCA) | South Africa | 45052 | ||
| FxPro UK Limited | The Financial Conduct Authority (FCA) | UK | 509956 | 13-14 Basinghall str., City of London, EC2V 5BQ, UK. |
| FxPro Global Markets Limited. | The Securities Commission of Bahamas (SCB) | The Bahamas | SIA-F184 | Albany Financial Center, South Ocean Boulevard, New Providence, The Bahamas. |
Review on Accepted & Forbidden Countries of FxPro Broker
The platform has been a major success globally, with retail and corporate clients from more than 170 countries.
Table 3: Forbidden Countries in the FxPro Website
| Forbidden countries |
|---|
| Canada Iran The USA |
Awards Review of FxPro Broker
The FxPro Trophy Cabinet showcases the exclusive services and products that have helped them stand out from the crowd. Only a few brokerage companies can match FxPro’s massive client base and 70+ awards.
Table 4: Few Awards of FxPro are listed
| Awards | Awarded by |
|---|---|
| FX168 2020 BROKERS BILLBOARD (ASIA)2020 | Best Broker in Investor Education |
| Best FxPro vider 2021-2016/2014 | Online Personal Wealth Awards |
| Best Broker (UK) 2021 | Ultimate Fintech Awards |
| Forex Provider of the Year 2010 | Financial Times/Investors Chronicle Investment Awards |
| Forex Provider of the Year 2015 | UK Forex Awards |
| Best Forex Provider 2019-2020 | Investors Chronicle & Financial Times Investment and Wealth Management Awards |
| Best Forex Service Provider 2020 | Shares Awards |
| Best FX Service Provider 2018/2016-2014 | City Of London Wealth Management Awards |
| Best CFD FxPro vider 2021 | Online Personal Wealth Awards |
Trading Instruments Review of FxPro Broker
FxPro allows customers to trade on more than 2,250 financial CFD products from across the world, which include:
Futures
Indices
Metals
Energies
Shares
Forex
You can trade CFDs on more than 70 FX pairs with narrow spreads and quick order execution. The Major worldwide currencies included in the most popular FX pairings are AUDUSD, USDCHF, EURUSD, GBPUSD, USDJPY, and GBPJPY which have the biggest trading volumes and liquidity.
Futures
CFDs on Futures may be traded from anywhere in the globe, allowing you to take advantage of limitless trading opportunities. Many traders choose futures like coffee, sugar, cotton, S&P500, and corn because they allow them to speculate on the value of a variety of commodities, indexes, and energy sources.
Indices
Trade CFDs on prominent indices like EURO50, US30, Germany40, and UK100 from Europe, Asia, and the United States. The indexes that contain the equities of a few of the world’s very well firms are the most extensively watched.
Metals
You can trade CFDs on Spot Metals to uncover new trading possibilities in commodities such as gold, silver, platinum, and palladium.
Energies
You may diversify your portfolio by trading CFDs on spot energy markets including the most popular spot fuels like Brent, WTI, and Natural Gas.
Cryptocurrencies
You can trade CFDs on Cryptocurrencies including Bitcoin, Ethereum, and Lite coin, and benefit from tight spreads and quick order execution with FxPro.
Shares
You may trade CFDs on thousands of worldwide stocks like Apple, Amazon, Netflix, Uber, Zoom, IBM, Lyft, and Visa While trading in the United States, the United Kingdom, and the European Union, you may benefit from ultra-fast order execution and favorable trading circumstances.
Trading Platforms Review of FxPro Broker
Users may trade on MetaTrader 4, MetaTrader 5, ctrader, and the broker’s proprietary FxPro Trading Platform for mobile and web.
FxPro MetaTrader 4
FxPro MetaTrader 5
FxPro ctrader Platform
FxPro Trading Platform (EDGE)
FxPro MetaTrader 4
FxPro MetaTrader 4 is a desktop and web-based trading platform for Windows & Mac and MT4 mobile app for iOS/Android.
FxPro MetaTrader 5
FxPro MetaTrader 5 is a desktop and web-based trading platform for Windows & Mac and MT4 mobile app for iOS/Android.
FxPro ctrader
The FxPro ctrader platform is offered as a download for both Mac &Windows and web-based application and MT4 mobile app for iOS/Android for CFD traders. You’ll be able to make orders while still having a clear picture of market depth. The platform will run on both Mac and Windows computers. You will also benefit from quick execution times.
FxPro Trading Platform (EDGE)
The FxPro Trading Platform (EDGE) is available via the Web, desktop, and mobile. It is designed exclusively for UK traders who want to take advantage of spread betting’s tax advantages.
Mobile Version
The MetaTrader 4, MetaTrader 5, and ctrader mobile applications, as well as the mobile version of the FxPro Trading Platform, give users access to mobile trading on the go for IOS and android devices.
Desktop Version
The ctrader, as well as the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, are available for desktop trading. It has the same design, is accessible in the same languages, and has the same features as a web trading platform the additional feature is Trailing Stop.
Web-Version
Each platform features Web Platforms has different stop-out or limit levels, and slightly different instrument offerings, and it charges a spread and commission per trade but with a lower spread.
FxPro-Direct
FxPro Direct is a unique piece of software in that it is not a trading platform, but rather an account management app with news and market rates.
Review on Account Types of FxPro Broker
FxPro offers 6 different account options, each with different trading expenses based on the platform. It also offers VIP Premium Accounts to select individuals with large deposits. Traders may pick from four different platforms, including MT4, MT5, ctrader, and FxPro Edge, and each platform has its account. Demo and mobile options are available on all FxPro accounts.
MT4 Account
MT4 Instant
MT5 Account
ctrader Account
FxPro (EDGE)
VIP Account
MT4 Account
The MT4 account is a market execution account that lets you trade forex, metals, stocks, indices, energy, & futures. Spreads begin at 1.4 pips and average 1.71 pips on the EUR/USD, which is much larger than other brokers. There are no fees and leverage up to 200:1 depending on the instrument.
MT4 Instant Account
The MT4 Instant Account is similar to the MT4 Account, except it executes orders instantly. Fees are also included in the spread, which on the EUR/USD starts at 1.4 pips & averages at 1.84 pips, and trading is available in micro-lots. Traders can accept the price offered or request a requote, as with all instant execution accounts.
MT5 Account
The MetaTrader 5 account is for people who wish to utilize the most recent version of the popular trading platform. This account provides market execution and variable spreads on the EUR/USD that start at 1.5 pips and average 1.65 pips, which is higher than other similar brokers. There are no commissions and all fees were included in spreads. There are no requotes, and orders with insufficient liquidity will receive partial fills.
Ctrader Account
A market execution account with spreads averaging 0.31 pips on the EUR/USD and a round-turn cost of 9 USD per lot traded. These fees are lower than those charged by other accounts, but they are still greater than those charged by other brokers. Forex, metals, indices, and energy trading are all available. The ctrader account, like the MT5 account, has no requotes and flexible spreads, but no stop/limit levels.
FxPro (EDGE)
The FxPro Edge Account is also a market execution account with access to all instruments (Forex, metals, indices, energies, equities, and shares). There are no fees, however, spreads on the EUR/USD are the same as the MT4 market execution account, at 1.71 pips. Algorithmic trading is not accessible on this account since it is only allowed on FxPro’s proprietary platform.
VIP Account
VIP Premium Accounts are only available to people who have a significant deposit (usually $50,000 or more) and are regularly trading huge volumes. VIP clients enjoy a special virtual private server (VPS) as well as the possibility of cheaper spreads and costs.
Demo Account Review of FxPro Broker
This broker also offers a demo account to traders. FxPro Direct allows you to create a demo account. You’ll be given $500,000 in virtual cash to play with after logging in. The demo platforms accessible include MT4, MT5, and ctrader, and they are allowed to have 70 open positions. After 180 days, demo accounts will be terminated.
Swap-free Account
FxPro provides swap-free accounts, for religious considerations. Fees may be charged after trades on certain instruments have been open for a certain number of days.
Review on Fees and Commissions of FxPro Broker
On its MT4, MT5, and FxPro Trading Platforms, FxPro offers commission-free trading, with just spreads and swaps to pay. When opening and closing a position on FX pairs & Spot Metals, the ctrader charges $45 per $1 million traded. If an account is inactive for a long length of time, it will be charged an inactivity fee which is $15 and a $5 monthly fee.
Table 5: Fees & Commissions of the FxPro
| Account Type | Commission | Minimum Spread | Trading Cost | Minimum Deposit |
|---|---|---|---|---|
| FxPro MT4 | Spread Only | 1.40 | 14 | USD 100 |
| FxPro MT5 | Spread Only | 1.52 | 15.2 | |
| FxPro ctrader | 9 USD/ Lot | 0.31 | 12.1 | |
| FxPro Edge | Spread Only | 1.41 | 14.1 | |
| Islamic | Variable | 1.20 | 12 |
Funding & Withdrawal Methods Review of FxPro Broker
Bank transfer, PayPal, Credit/debit cards, Skrill, Neteller, and Union Pay are all options for depositing & withdrawing funds. Its minimum deposit is $100 and allows you to deposit & withdraw money for free.
Depending on the bank involved, fees for bank transfers may apply. Credit card deposits are processed in 10 minutes, while bank deposits might take much longer depending on bank transfer timings. The processing time for both bank transfers and credit card withdrawals is one day.
Basic Currencies Review of FxPro Broker
At FxPro, you may choose from 8 various base currencies.
ZAR
USD
JPY
AUD
CHF
EUR
GBP
PLN
Margin Trading Review of FxPro Broker
Traders may also use margin trading, which has different criteria depending on the account type. The maximum leverage permitted is 1:200 (at FxPro Global Markets Limited only). Leverage up to 1:500 is available to Pro Clients.
Trading Tools Review of FxPro Broker
Trading Central, a VPS service at an additional fee, an Economic Calendar, and many trading calculators are all part of FxPro’s trading tools.
Education and Research Review of FxPro Broker
FxPro also provides a variety of trading tools, as well as research and education. This includes Trading Central’s technical analysis and trading signals, as well as YouTube webinars, FxPro Calculators, an economic and earnings calendar, FxPro Market News, FxPro VPS, the FxPro Direct App, and FxPro Calculators.
Rewards & Risk Review of FxPro Broker
FxPro has both advantages and disadvantages which are listed in table 6.
Table 6 : Rewards and Risks of the FxPro
 Pros |  Cons |
|---|---|
| FxPro is a Non-Dealing Desk Execution broker, offering professional trading conditions, cutting-edge technology, and deep liquidity access. | FxPro’s pricing isn’t competitive enough compared to industry giants like IG and CMC Markets. |
| Trade CFDs on a wide range of assets, including FX pairings, Futures, Indices, Metals, Energies, and Shares. | FxPro has fewer symbols for FX and CFD traders than other major multi-asset brokers. |
| Clients can practice and learn more about CFDs trading with a demo account before opening a live trading account. | FxPro Edge is a solid platform but falls short of the top proprietary trading platforms. |
| FxPro offers free educational materials, forex trading tools, and demo trading accounts. | |
| 24/7 customer service in more than 20 languages to assist clients with any questions. |
Customer Support Review of FxPro Broker
FxPro provides customer service in several languages, including English, French, Arabic, Chinese, Czech, and German. Customer service offers by email, callback, and live chat 24/7. They also provide an FxPro Help Centre with FAQs covering several different categories.
Table 7 : Customer Support Numbers on the FxPro Website
| Social Media Pages of FxPro | |
|---|---|
| Contact Number | +44 (0) 203 151 5550 |
| support@fxpro.com | |
| https://www.linkedin.com/company/fxpro | |
| https://www.facebook.com/FxproGlobal | |
| https://www.instagram.com/fxpro/ | |
| https://twitter.com/FxproGlobal | |
| Youtube | https://www.youtube.com/user/FxproMarketing |
| Telegram | https://telegram.me/fxpro |
In a Nutshell
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