FX Pro BITcoin Forex Broker

FxPro Bitcoin Forex Broker - Complete Information Guide

1. Broker Overview

　　FxPro is a prominent forex and CFD broker established in 2006. The company is headquartered in London, United Kingdom, with additional offices in Cyprus and South Africa. FxPro operates as a private entity, catering to a diverse clientele that includes retail traders, institutional investors, and financial institutions across over 170 countries.

　　Since its inception, FxPro has achieved significant milestones, including the execution of over 635 million orders and the establishment of a strong reputation in the trading community. The broker has been recognized with numerous awards, solidifying its status as a trusted name in the industry. FxPro is not affiliated with any parent company but operates independently, providing a wide range of trading services.

　　The business model of FxPro focuses on retail forex trading, offering a variety of financial instruments, including forex, commodities, indices, and cryptocurrencies. The introduction of its FxPro Bitcoin broker service further expands its offerings, allowing traders to engage in cryptocurrency trading through CFDs.

2. Regulatory and Compliance Information

　　FxPro is regulated by several reputable authorities, ensuring a secure trading environment for its clients. The main regulatory bodies overseeing FxPro include:

• Financial Conduct Authority (FCA), United Kingdom - Registration No. 509956
• Cyprus Securities and Exchange Commission (CySEC) - License No. 078/07
• Financial Sector Conduct Authority (FSCA), South Africa - License No. 45052
• Securities Commission of the Bahamas (SCB) - License No. SIA-F184

　　These licenses validate the broker's operations and provide a layer of protection for traders. FxPro adheres to strict compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, ensuring that customer funds are kept secure and separate from operational funds. This segregation of funds is a critical aspect of their commitment to safeguarding client assets.

　　Furthermore, FxPro participates in the Investor Compensation Fund (ICF) in Cyprus, which provides additional security for clients in the event of insolvency. The broker's commitment to regulatory compliance and transparency reinforces its reputation as a trustworthy trading partner.

3. Trading Products and Services

　　FxPro offers a comprehensive range of trading products, catering to various trader preferences and strategies. The broker provides access to:

• Forex Pairs: Over 70 currency pairs, including major, minor, and exotic options, allowing traders to engage in diverse market conditions.
• CFDs: A wide array of contracts for difference (CFDs) on various asset classes, including:
• Indices: Major global indices, such as the S&P 500 and FTSE 100.
• Commodities: Precious metals like gold and silver, as well as energy products like crude oil.
• Stocks: CFDs on shares from leading companies worldwide.
• Cryptocurrencies: Trading opportunities in major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

　　The broker frequently updates its product offerings to include new instruments, ensuring that clients have access to the latest trading opportunities. Retail traders benefit from a user-friendly trading environment, while institutional clients can access tailored solutions and liquidity provisions.

4. Trading Platforms and Technology

　　FxPro supports multiple trading platforms to accommodate the diverse needs of its users. The primary platforms available include:

• MetaTrader 4 (MT4) and MetaTrader 5 (MT5): These platforms are highly regarded for their robust features, including advanced charting tools, technical analysis capabilities, and automated trading through Expert Advisors (EAs).
• cTrader: An intuitive platform offering advanced trading features and a user-friendly interface, ideal for both novice and experienced traders.
• FxPro Edge: A proprietary trading platform designed for spread betting, providing a customizable trading experience.

　　FxPro also offers a web-based trading platform accessible through modern browsers, ensuring that traders can manage their accounts from any device. Mobile applications for both iOS and Android are available, allowing traders to stay connected and execute trades on the go.

　　The broker operates on a No Dealing Desk (NDD) execution model, ensuring that trades are executed without intervention, which enhances transparency and speed. FxPro's servers are located in Equinix data centers, providing low-latency access to liquidity providers and ensuring rapid execution of trades.

5. Account Types and Trading Conditions

　　FxPro offers various account types to cater to different trading styles and preferences:

• Standard Account: Requires a minimum deposit of $100 and offers competitive spreads starting from 1.4 pips without commissions.
• cTrader Account: Requires a minimum deposit of $100 and features tighter spreads starting from 0.2 pips, with a commission of $4.50 per side.
• Islamic Account: Available for traders who adhere to Sharia law, this account type does not incur swap fees.
• Demo Account: FxPro provides a demo account with a virtual balance of $100,000, allowing traders to practice without risk.

　　The leverage offered by FxPro varies depending on the account type and asset class, with maximum leverage reaching up to 1:500. The minimum trade size is 0.01 lots, providing flexibility for traders to manage their positions effectively. Additionally, FxPro has a transparent overnight fee structure, ensuring that traders are aware of any costs associated with holding positions overnight.

6. Funds Management

　　FxPro supports a variety of deposit and withdrawal methods to facilitate seamless fund management. The available deposit options include:

• Bank Transfers
• Credit/Debit Cards
• E-Wallets: Such as Skrill, Neteller, and PayPal.

　　The minimum deposit requirement for most account types is $100, while the cTrader account requires a minimum deposit of $100. Deposits are typically processed instantly, allowing traders to access their funds without significant delays.

　　Withdrawals can be made using the same methods as deposits, ensuring security and convenience. The processing time for withdrawals generally takes 1-3 business days, depending on the method chosen. FxPro does not charge internal withdrawal fees; however, third-party payment processors may impose their own charges.

7. Customer Support and Educational Resources

　　FxPro provides comprehensive customer support to assist traders with their inquiries. The support channels include:

• Live Chat: Available 24/5 for immediate assistance.
• Email Support: Clients can reach out via email for detailed inquiries.
• Phone Support: Dedicated phone lines for various regions, ensuring accessibility.

　　The broker offers support in multiple languages, making it easier for international clients to receive assistance. FxPro also provides a range of educational resources, including:

• Webinars: Covering various trading topics and strategies.
• Tutorials: Video tutorials and guides to help traders navigate the platforms and enhance their skills.
• Market Analysis: Daily market insights and research reports to keep traders informed about market trends.

　　These resources are designed to empower traders with knowledge and tools to improve their trading performance.

8. Regional Coverage and Restrictions

　　FxPro operates globally, serving clients in over 170 countries. The broker has established regional offices in key locations, including the UK, Cyprus, and South Africa. However, FxPro does not accept clients from certain jurisdictions, including the USA and Canada, due to regulatory restrictions.

　　In summary, the FxPro Bitcoin broker provides a robust trading environment with a wide range of financial products, advanced trading platforms, and strong regulatory oversight. Traders seeking to engage in forex and cryptocurrency trading can find valuable opportunities with this reputable broker.