FxPro is one of those Forex brokers towards which you will never feel sceptical. As one of the veterans of brokerage, FxPro offers one of the best services currently available, with a massive arsenal of products and stunning trading conditions. Keep on reading our FxPro review to discover more!
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FxPro – what can we learn about this company?
FxPro is quite an experienced player in the currency trading market. Its history starts from the year 2006. Its primary focus is on FX trading, although each client is provided with the choice of other financial instruments such as CFDs, Commodities, Indices and Futures. Additionally, all clients’ funds are deposited in segregated accounts at global banks such as RBS, Barclays PLC, Credit Suisse AG and so on.
FxPro UK Limited is authorised and regulated by the Financial Conduct Authority or FCA, with the registration number – 509956. In addition, FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission or CySEC with the license number – 078/07. Furthermore, FxPro is licensed by MiFID. As FxPro activity is approved by these respectable regulators, this ensures us that this broker can be trusted.
Since 2006, FxPro became quite widespread across the world delivering their services in more than 120 countries non-stop. Therefore, you can easily find offices of FxPro in many countries such as United Kingdom, Russia, France, Austria, Greece and France as well. Unfortunately, they do not accept US clients.
Additional positive fact is that FxPro is an ECN/STP broker.
FxPro broker review: Trading Accounts
In order to start trading with FxPro you need to create an FxPro Direct profile. Trading with FxPro is simple as you are not confused with a big number of account packages. Instead, you are offered one account available for various trading platforms like MT4, MT5, cTrader.
FxPro offers its VIP services to selected high net worth clients. Hence, their VIP clients can benefit from no Deposit Fees, free VPS service, trade recommendations, margin level alerts via email and SMS. Exclusive news reports are granted too. In addition, FxPro introduces dedicated managers to VIP account owners.
Another interesting account type is PAAM. It is perfect for professional traders who manage multiple accounts for other traders. With FxPro you can improve your account management business significantly.
You can also use demo account to practise with virtual funds and improve your trading skills.
FxPro Trading Platforms
We have already mentioned that FxPro empowers its trading accounts with different trading platforms.
The first suggested trading platform is MetaTrader 4. It is not a secret that MT4 set the bar high for online trading. With FxPro, you can choose among many MT4 versions such as Desktop, Web Trader, MultiTerminal and also Mobile trading. Afterwards, you will be able to enjoy the following features:
- Trading currencies, spot metals and futures
- Choose between fixed and floating spreads
- Leverage from 1:1 up to 1:500
- EA are supported
- Protection from negative balance
Next comes the successor of the popular trading platform – MetaTrader 5. It is not worse than MT4 and in some cases even better. With FxPro customized MT5 you will be able to make use of new features such as tick chart trading, added timeframes, indicators and drawing tools. Moreover, with MT5 you can buy stop/sell stop limit orders.
cTrader can also be a good choice, as it is an ECN platform. Here you can enjoy spreads from 0 pips on major pairs, no requotes, full market depth and many other features.
There is one unique trading platform called SuperTrader. Basically, it is a fully automated investment platform that permits you to copy risk-tested Forex trading strategies of leading providers and profit from that. Furthermore, there are no commissions for in-house strategies. You gain full access to historical statistics. In addition, there is a free credit line from FxPro, allowing traders to add up to 4 times their investment to their initial deposit amount.
FxPro Deposits and Withdrawals
FxPro broker has developed quite convenient fund management with a great variety of methods available. Choose among bank transfers, credit/debit cards and different electronic payment systems. You can check out all payment methods below.
It is important to admit that FxPro has a minimum first deposit requirement of $100 or any equivalent in other currencies such as EUR, CHF, GBP or JPY. Normally, all deposit requests take no more than 10 minutes to be processed.
As for the withdrawals, they are made in the same way as the deposits. It takes from 3-5 working days for bank transfers, 3-7 working days for debit/credit cards, NetBanx, mPay to process the withdrawal requests. In all other cases it takes only 1 working day.
There are some fees charged for deposits and withdrawals. You can check them at the broker’s website.
FxPro Forex Trading Broker Client Support
FxPro has a very proficient and active client support. Customer support agents are permanently available to solve any of your problems. Their client support is multilingual – they speak English, Arabic, Chinese, Greek, German, Polish, Portuguese, Spanish and Vietnamese. You can contact customer support via live chat, telephone and email.
FxPro Reviews Conclusion
Our overall impression about FxPro Forex broker is very positive. It is definitely a credible broker that has something unique to offer traders. It has a wide range of financial instruments available powered by top-notch trading platforms that can meet needs of all kinds of clients. Considerable amount of experience doubled with amazing technologies, professional customer support and diverse payment methods are exactly those features that characterize FxPro. Both beginners and advanced traders will enjoy trading process at it. Hence, this broker is highly recommended.
Update: after recent check of terms and conditions offered by FxPro, we have to suggest that you should trade with another broker. FxPro is definitely not a scam, but conditions offered are not as good as at other Forex brokers.