Qicmarket Forex Broker

FxPro International Forex Broker - Complete Information Guide

1. Broker Overview

　　FxPro, officially known as FxPro Financial Services Limited, was established in 2006. The company is headquartered in London, United Kingdom, with additional offices in Cyprus, Monaco, and the Bahamas. FxPro operates as a private company, providing services primarily to retail and institutional clients across the globe. With a strong focus on customer satisfaction and transparency, FxPro has successfully expanded its operations to serve clients in over 173 countries, achieving significant milestones along the way.

　　Since its inception, FxPro has executed more than 600 million orders, which reflects its robust trading infrastructure and market presence. The firm has garnered over 110 international awards, showcasing its commitment to excellence in the forex and CFD trading industry. FxPro is known for its advanced trading platforms and a wide range of financial instruments, making it a popular choice among traders of all experience levels.

　　As a global broker, FxPro offers a variety of services, including retail forex trading, contract for difference (CFD) trading, and institutional services. The company operates under a no dealing desk (NDD) model, ensuring that client orders are executed transparently without any interference.

2. Regulatory and Compliance Information

　　FxPro is regulated by several reputable financial authorities, ensuring a high level of trust and security for its clients. The primary regulatory bodies overseeing FxPro include:

• Financial Conduct Authority (FCA) - United Kingdom
• Registration Number: 509956
• Cyprus Securities and Exchange Commission (CySEC) - Cyprus
• License Number: 078/07
• Financial Sector Conduct Authority (FSCA) - South Africa
• Authorization Number: 45052
• Securities Commission of the Bahamas (SCB)
• License Number: SIA-F184

　　Each of these regulatory entities imposes strict standards on FxPro, including the requirement to keep client funds in segregated accounts at top-tier international banks. This practice minimizes the risk of misuse and ensures that clients' funds are protected.

　　FxPro also participates in investor compensation schemes, such as the Financial Services Compensation Scheme (FSCS) in the UK, which provides coverage of up to £85,000 per eligible client in case of insolvency. Similarly, clients under CySEC regulation are protected up to €20,000 through the Investor Compensation Fund (ICF).

　　To comply with anti-money laundering (AML) and know your customer (KYC) regulations, FxPro implements rigorous verification processes for all clients, ensuring that all necessary documentation is collected to prevent fraudulent activities.

3. Trading Products and Services

　　FxPro offers an extensive range of trading products, catering to various trader preferences. The key offerings include:

• Forex Trading: FxPro provides access to over 70 currency pairs, including major, minor, and exotic pairs, allowing traders to diversify their forex portfolios.
• CFD Products: Traders can engage in CFD trading across multiple asset classes, including:
• Indices: Access to major global indices such as the S&P 500, DAX 30, and FTSE 100.
• Commodities: Trading options include precious metals like gold and silver, as well as energy products such as crude oil and natural gas.
• Stocks: FxPro offers CFDs on shares from more than 2,000 companies worldwide, providing ample opportunities for equity trading.
• Cryptocurrencies: Although limited, FxPro allows trading of popular cryptocurrencies through CFDs, including Bitcoin, Ethereum, and Litecoin.

　　The range of products is continually updated, with new instruments added based on market demand and trends. This ensures that clients have access to the latest trading opportunities.

4. Trading Platforms and Technology

　　FxPro supports a variety of trading platforms, ensuring that traders can choose the best environment for their trading needs. The platforms offered include:

• MetaTrader 4 (MT4): A widely used platform known for its user-friendly interface and advanced charting tools. MT4 supports automated trading through Expert Advisors (EAs).
• MetaTrader 5 (MT5): The successor to MT4, MT5 offers additional features, including more timeframes and improved analytical tools.
• cTrader: An advanced platform that provides a professional trading environment with features like level 2 market depth and algorithmic trading capabilities.
• FxPro Edge: A proprietary web-based platform designed for ease of use, featuring customizable layouts and a range of trading tools.

　　All platforms are accessible on desktop and mobile devices, allowing traders to manage their accounts and execute trades on the go. FxPro's execution model is based on NDD, ensuring that orders are executed quickly and efficiently, often in under 12 milliseconds.

　　Additionally, FxPro provides API access for automated trading, enabling traders to implement their strategies seamlessly.

5. Account Types and Trading Conditions

　　FxPro offers several account types to meet the diverse needs of its clients:

• MT4 Standard Account: Requires a minimum deposit of $100 and offers variable spreads with no commission.
• MT4 Raw Spread Account: Requires a minimum deposit of $500 and features raw spreads with a commission of $3.50 per lot.
• MT5 Account: Similar to the MT4 account but available on the MT5 platform, offering floating spreads and market execution.
• cTrader Account: Designed for advanced traders, this account type offers low spreads starting from 0.6 pips and charges a commission of $35 per million traded.

　　FxPro also provides Islamic accounts for traders adhering to Sharia law, which do not incur interest charges. The leverage offered varies by account type and asset class, with maximum leverage available up to 1:500 for professional accounts.

6. Fund Management

　　FxPro offers a variety of secure deposit and withdrawal methods, ensuring convenience for its clients. The available payment options include:

• Bank Transfers
• Credit/Debit Cards (Visa, MasterCard)
• E-Wallets (PayPal, Skrill, Neteller)
• Cryptocurrencies

　　The minimum deposit requirement is $100, making it accessible for new traders. Deposits are processed quickly, typically within 15 minutes, while withdrawals are generally completed within one business day. FxPro does not charge fees for deposits or withdrawals, although fees may apply depending on the payment method used.

7. Customer Support and Educational Resources

　　FxPro prides itself on providing exceptional customer support, available 24/5 through various channels, including:

• Live Chat
• Email
• Phone Support

　　The support team is multilingual, catering to clients in over 21 languages, ensuring that traders receive assistance in their preferred language.

　　In terms of educational resources, FxPro offers a range of materials, including webinars, tutorials, and market analysis reports. The broker also provides trading tools such as calculators and economic calendars to assist traders in making informed decisions.

8. Regional Coverage and Restrictions

　　FxPro serves a wide array of markets, with a presence in over 173 countries. The broker has regional offices in the United Kingdom, Cyprus, Monaco, and the Bahamas, enabling it to cater to clients globally.

　　However, FxPro does not accept clients from certain countries, including the United States, Iran, Canada, and Sudan, among others. These restrictions are in place due to regulatory compliance and local laws governing forex trading.

　　In conclusion, FxPro International Broker stands out as a reputable and well-regulated trading platform, offering a comprehensive range of financial products and services. With its commitment to transparency, client security, and a user-friendly trading environment, FxPro continues to be a preferred choice for traders worldwide.