FxPro Forex Broker
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Established and regulated by multiple top-tier authorities, including FCA and CySEC, ensuring a trustworthy trading environment. Wide selection of trading platforms (MT4, MT5, cTrader, and FXPro Edge) catering to different trading styles and preferences. Competitive spreads and fast execution speeds, making it suitable for both novice and experienced traders.
Lacks a guaranteed stop-loss order feature, which may be a disadvantage for risk-averse traders. The educational resources available are limited and may not adequately support beginner traders in learning the basics of forex and CFD trading. Inactivity fees apply, which could be a concern for traders who do not trade frequently.Basic Information
United Kingdom
FxPro Forex Broker - Complete Information Guide
1. Broker Overview
FxPro, founded in 2006, is a prominent online broker specializing in contracts for difference (CFDs) across various markets, including forex, stocks, indices, commodities, and cryptocurrencies. The company is headquartered in London, United Kingdom, with additional offices located in Cyprus, Monaco, and the Bahamas. FxPro operates as a private company and has established a strong reputation in the trading industry, serving over 2 million clients across 170 countries.
Since its inception, FxPro has achieved significant milestones, including executing over 600 million orders and being recognized as one of the most trusted brokers in the UK. The company has received numerous awards, including accolades for its trading platforms and overall service quality. FxPro is well-known for its commitment to providing a secure trading environment, with a focus on transparency and reliability.
The broker operates under a no dealing desk (NDD) model, which allows for direct market access and ensures that client orders are executed with minimal latency. This business model caters to both retail and institutional clients, offering a variety of trading solutions tailored to different levels of experience and trading strategies.
2. Regulatory and Compliance Information
FxPro is regulated by several reputable authorities, ensuring a high level of safety and compliance 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 (Authorization No. 45052)
- Securities Commission of the Bahamas (SCB) (License No. SIA-F184)
These regulatory bodies impose strict standards on the operations of FxPro, including requirements for client fund segregation, negative balance protection, and adherence to anti-money laundering (AML) and know your customer (KYC) regulations. Client funds are held in segregated accounts at major international banks, ensuring that they are protected from the broker's operational funds.
FxPro also participates in investor compensation schemes, providing additional security for clients in the event of insolvency. For instance, UK clients are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000, while clients under CySEC regulation are protected up to €20,000.
3. Trading Products and Services
FxPro offers an extensive range of trading products, providing clients with diverse opportunities to engage in the financial markets. The broker provides access to:
- 70+ Forex Pairs: This includes major, minor, and exotic currency pairs, catering to various trading strategies.
- CFDs on Indices: Traders can speculate on major global indices, including the UK 100, US 30, and more.
- CFDs on Commodities: FxPro offers trading on commodities such as gold, silver, oil, and agricultural products.
- CFDs on Shares: Clients can trade over 2,000 stock CFDs from major global exchanges.
- Cryptocurrencies: FxPro provides access to 28 cryptocurrencies, allowing traders to speculate on popular digital assets like Bitcoin and Ethereum.
The broker continuously updates its product offerings, ensuring that traders have access to the latest market trends and instruments. Additionally, FxPro caters to both retail and institutional clients, providing tailored services and solutions based on individual needs.
4. Trading Platforms and Technology
FxPro supports multiple trading platforms, ensuring that traders have access to the tools that best suit their trading styles. The platforms offered include:
- MetaTrader 4 (MT4): A widely-used platform known for its user-friendly interface and extensive features, including automated trading capabilities through Expert Advisors (EAs).
- MetaTrader 5 (MT5): An advanced platform that offers additional features such as more timeframes, order types, and improved analytical tools.
- cTrader: A sophisticated platform designed for algorithmic trading, providing advanced charting tools and a customizable interface.
- FxPro Edge: The proprietary trading platform that combines features from MT4 and MT5, designed for both beginners and experienced traders.
All platforms are available on desktop, web, and mobile devices, ensuring flexibility and accessibility for traders on the go. FxPros trading infrastructure is robust, with servers located in major financial hubs to ensure fast execution speeds, typically under 12 milliseconds.
5. Account Types and Trading Conditions
FxPro offers several account types to meet the diverse needs of its clients, including:
- Standard Account: Requires a minimum deposit of $100, offering competitive floating spreads without additional commissions.
- Raw+ Account: Designed for experienced traders, this account type features raw spreads starting from 0 pips with a commission of $3.50 per lot.
- Elite Account: Aimed at professional traders, this account provides similar features to the Raw+ account but includes exclusive rebates and VIP benefits, requiring a minimum deposit of $30,000.
All accounts support a variety of trading strategies, including scalping and algorithmic trading. FxPro also provides a demo account for beginners to practice trading without financial risk. Leverage options vary by account type and jurisdiction, with maximum leverage reaching up to 1:500 for professional clients.
6. Fund Management
FxPro provides a variety of convenient deposit and withdrawal options, ensuring that clients can manage their funds efficiently. Supported deposit methods include:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets (such as PayPal, Skrill, Neteller)
- Cryptocurrencies
The minimum deposit requirement is $100, which applies to most account types. Deposits are processed quickly, typically within 15 minutes. FxPro does not charge fees for deposits or withdrawals, although third-party payment processors may impose their own fees.
Withdrawals are processed using the same methods as deposits, with most requests completed on the same day. This efficient processing time enhances the overall trading experience, allowing clients to access their funds promptly.
7. Customer Support and Educational Resources
FxPro offers comprehensive customer support, available 24/5 through various channels, including:
- Live Chat
- Phone Support
The support team is multilingual, catering to clients in over 20 languages, ensuring that traders can receive assistance in their preferred language. FxPro also provides a robust educational section, featuring resources such as:
- Interactive Courses: Covering fundamental and technical analysis, trading psychology, and risk management.
- Webinars: Regularly scheduled to assist traders in enhancing their skills and knowledge.
- Market Analysis: Daily reports and insights from in-house analysts and third-party providers.
These resources are designed to support traders of all experience levels, contributing to their overall success in the financial markets.
8. Regional Coverage and Restrictions
FxPro serves clients from over 170 countries, with a strong presence in Europe, Asia, and the Middle East. The broker has offices located in key financial centers, including London, Cyprus, and the Bahamas. However, FxPro does not accept clients from certain countries, including the United States, Canada, and several others due to regulatory restrictions.
In summary, FxPro is a well-established broker with a strong reputation, offering a wide range of trading instruments, platforms, and educational resources. The broker's commitment to transparency, security, and client support makes it a viable choice for both novice and experienced traders looking to navigate the forex and CFD markets effectively. With its regulatory compliance and robust trading infrastructure, FxPro stands out as a trusted partner in the trading industry.
FxPro Similar Brokers
Latest Reviews
FX2023610436
Vietnam
Hello, I am an IB (Introducing Broker) for the FxPro platform. When I opened the account, I was NOT informed of the requirement to have 3 active clients to activate commission payments. More critically, I was NOT told about a rule that resets your total commission to ZERO if the accumulated amount over 2 months does not reach $100. I only discovered these hidden terms when I contacted support to request my first commission withdrawal. They then applied what they claim are "notified rules" – the 3-client requirement – and reset my hard-earned commission balance to $0. Crucially, at the time of registration, I received NO email or any official document mentioning these specific conditions. This is a deceptive practice to avoid paying partners. Be warned if you consider becoming their IB.
Exposure
03-20
FX3879445466
Indonesia
Several people, including myself, have experienced issues with withdrawing funds. Has anyone had their funds returned by FXpro
Exposure
01-28
FX2874244370
Syria
A very excellent broker and deserves 10 stars from the rating. I have had an IB link with them for more than 5 months and I am paid regularly and with complete smoothness in withdrawal and deposit, especially since they provide the service to some blocked countries due to sanctions, such as Syria. Spreads and types of accounts are very excellent In addition, their customer service is among the fastest and best in the world.
Positive
2d
GuillermoS
Spain
I spent a lot of time on their demo, learning trends following, when to enter and exit, seeing patterns -the platform woks easy, I like it. It lets me see tech analysis as a big setup for probabilities, not exact predcition, with that I managed to spot possible shifts in oil prices (by the way got some oil right before the things in the strait of hormus happened). It's easy to work in the web terminal actually.Thought it'd be not as effective as the desktop mt5-proved wrong
Positive
04-05
FX2149806312
United Kingdom
Tho I’ve been trading for more than 5 years it was my first time engaging in algo trading. I had one ctrader robot that my developer friend kindly helped me to create. Needed VPS and the best one I could find here! I couldn’t go anywhere else, being morally obliged after learning how to use and set it through their education guide, freely available on the website. Indeed algo trading is a thing. Helped to reduce my screen time and stress. Use it for free with my depo!
Positive
03-26
FX1460353442
Japan
骗局，赚了一大笔钱就立刻拉黑了。
Exposure
04-16