FxPro Review
Min Deposit
$100
Leverage
500:1
Deposit Bonus
N/A
Regulation
FCA
CySEC
FSCA
Platform
MT4
MT5
FxPro Markets
Traders want to deal with brokers who are transparent, offer a pleasurable trading experience and who can fulfill withdrawal requests quickly. They also want brokers who have a customer service desk that can relate with them as humans and not just another client statistic.
FxPro justifies its ratings by doing a good job in all these areas. FxPro has been around since 2006 starting its operations in Cyprus. Now they are globally acknowledged, with headquarters in the UK. Customer support is available in 24 different languages.
FxPro Introduction
FxPro is the financial market brand of FxPro Group Ltd, which commenced business of forex brokerage as a Cypriot Investment Firm (CIF). The company came into existence in 2006 when it bought over the forex brand known as NorthFinance. Both the old NorthFinance brand and the FxPro were originally based in Cyprus. Over the years however, the FxPro brand has spread to various forex hubs in an attempt to bring the product closer to its clients. FxPro now has the following divisions:
- FxPro UK Limited is the headquarters of the company. It serves the UK and most parts of the world. It is authorized and regulated by the Financial Conduct Authority with registration no. 509956.
- For the Middle East, we have FxPro Global Markets MENA Limited. This company is licensed and regulated by the Dubai Financial Services Authority, with reference no. F003333.
- The Cyprus operational headquarters of the company is known as FxPro Financial Services Limited. This is where the European market is served from. It is licensed by the Cyprus Securities and Exchange Commission, with license no. 078/07. This is also the brand name for the South African branch of the company, where Financial Sector Conduct Authority ('FSCA') provides licensing and authorization to the company (FSCA no. 45052).
- FxPro Global Markets Ltd is also licensed and regulated by the SCB (license no. SIA-F184).
FxPro offers FX brokerage services in multiple languages: Arabic, Chinese, Czech, English, French, German, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese, Hindi, Urdu, Indonesian, Malay, Swiss, Australian, and Argentinean.
FxPro was awarded the prize of the Best FX broker 2017 during the Shares Awards in the United Kingdom. Part of the reason for the award is the ease of use of the various trading software provided by the company.
Risk Warning: The % of retail investor accounts that lose money when trading CFDs with these groups are listed below. Please consider the risks before trading.
FxPro Financial Services Ltd 71.58%
FxPro UK Limited 73.56%
FxPro Global Markets Ltd 85.32%
FxPro Products
FxPro has expanded its product offering over the years outside of FX. Other products offered by FxPro for trading include:
- CFDs on stocks, indices and commodities.
- Futures, indices, metals, energy assets.
These assets are offered all from a single platform. FxPro offers 2,000+ new CFD's including but not limited Academic & Educational Services, Banking & Investment Services, Food& Beverages, Industrial Goods, and Renewable Energy. This spans close to 200 shares pooled from more than 30 industries and 8 countries.
FxPro Trading Conditions
What trading conditions can traders on FxPro expect to face? The following are the trading conditions which have been experienced by the writer of this article in the 10 years that he has traded on FxPro.
- Execution Speed. The average execution speed on FxPro is about 30ms. Slippage is not common, but has occurred occasionally. Indeed, FxPro has very low incidence of slippage, which is a plus for this retail broker.
- Leverage: Traders can access leverage of up to 1:500.
- Spreads: Spreads are tight and fixed, reducing the cost of trading.
- Bonuses: FxPro does not issue bonuses, which is in keeping with the new ban on the issuance of bonuses by CySEC and the FCA.
Traders can expect to experience a situation where initial spikes on currencies occur as the news is being released, making it practically impossible to trade the initial spike during news trades.
FxPro Account Types
FxPro does not provide for differentiation of account types as a matter of policy. Everyone is issued accounts with the same trading conditions. However, the trade order sizes have been adjusted to accommodate the micro-lot positions and the Large lot traders.
FxPro Commissions & Fees
What are the commissions and fees tied to FxPro’s trading product?
- FxPro offers a very competitive spread structure, and spreads are fixed. For instance, spreads on the EURUSD are as low as 1.1pips. FxPro also implements the 5-digit pricing system where the last digit is a tenth of the 4th digit.
- Traders can expect massive widening of spreads on news that carry very heavy market impact (e.g. Non-Farm Payrolls, UK Inflation Letter, etc).
- ECN-style trading exists on FxPro, and can be practiced on the cTrader platform.
- Commissions are charged in addition to spreads on certain assets e.g. energy futures.
FxPro Platforms and Tools
The company provides access to financial markets via 4 of the world's most popular trading platforms. Clients can register trading accounts as well as a Demo account in ... currencies with a leverage of up to 1: 500 and spreads from ... on the following platforms:
- MetaTrader 4
- MetaTrader 5
- FxPro cTrader
- FxPro Edge
MetaTrader 4 (MT4)
MT4 combines an intuitive user interface with a customizable feature-rich environment. It provides everything a trader needs from chart assets, place orders, to managing of positions and creating algorithmic or manual trading.
- Assets: Forex, Metals, Shares, Indices, Energies and Futures
- No partial fills
- EA trading facilities
- Micro-lots available
MetaTrader 5 (MT5)
MT5 supports additional technical indicators, has an extended line of 21 timeframes, allows for up to 100 charts to be open simultaneously, and is also available in several versions, including a web-based platform which allows to trade without any software installation.
FxPro was honored as the “Best MT5 Broker” twice (in 2015 & 2016 by the UK Forex Awards), and rightfully so, due to these available features:
- A minimum deposit of $100
- Assets for trading: Forex, Futures, Energies, Metals, and Indices
- Instant and Market Execution
- EAs supported
FxPro cTrader
The cTrader platform is the choice of our professional clients. It allows to view in-depth market information, optimize your trading, the platform has no requotes, and uses modern algorithmic strategies. Being ultra-fast and ultra-convenient, it offers spreads from 0 pips – this is our most advanced platform to date.
- Spreads from 0 pips
- In-depth market information
- No restrictions on stop/limit levels
- Full Market Execution
FxPro Edge (Beta)
FxPro Edge is the latest addition to our platform offering. It provides investors with a new way to trade the markets in the form of Spread Betting. It is a highly customizable web-based platform, which enables traders to place their orders without the need to download and install any additional software.
Spread Betting is only available to clients of FxPro UK Limited that reside in the United Kingdom. FxPro Edge (Beta) is available for all demo users.
- Forex, Shares, Spot Indices, Spot Metals and Spot Energies
- Limited Risk Account at no additional cost
- No commission
- Tight spreads
- Tax-free (tax laws are subject to change and depend on individual circumstances)
All platforms are also presented as applications for Android and iOS. As well as that, FxPro offers various mobile tools that streamline trading experiences. By reducing unnecessary features and focusing on the essentials, we have created tools that put the client in the centre of the action with only their mobile device. These mobile apps allow traders to top up their accounts or open new ones, stay up to date with economic news and place market positions. A laptop is no longer needed to trade, as FxPro made it all possible directly via a mobile device.
Is FxPro Mobile Friendly?
FxPro is a mobile friendly brand. The brand website, mobile platforms and webtrader are all mobile friendly. Trading clients can execute trade using their phones. FxPro offers the MetaTrader4 and MetaTrader 5 mobile apps. They have also created FxPro Tools. It offers real-time quotes, economic calendar, daily insights and analysis as well as FxPro Calculators that allow users to work out the required margin, pip value and swaps along with performing live currency conversions. You can also use the webtrader as a URL on mobile devices.
Charts on the mobile apps are lighter and configured for mobile use. It is difficult to use technical indicators and other tools on the mobile apps, and functionality is reduced.
FxPro Promotions
Due to current regulatory requirements, FxPro does not offer any kind of bonuses or promotional offers.
FxPro Deposits & Withdrawals
How do traders on FxPro deposit funds and withdraw same from their accounts? Traders can transact using the following means:
- Credit/debit cards
- Bank transfer
- PayPal
- Skrill
- Neteller
- NganLuong UnionPay
- Broker to broker
Minimum deposit is $100 for card deposits and $500 for wire transfers. No deposit fees are charged. However, the banks may charge a commission in accordance with their fee structure. All clients’ funds are protected by 2 separate compensation schemes.
Withdrawals performed with credit/debit cards and digital payment methods are processed from the platform to the wallets in the trader’s area same day, and are credited to the trader’s chosen receiving channel in 2 days. Bank wires are handled within 2-7 days. FxPro handles all withdrawals promptly.
FxPro Customer Support
Customer support is available 24/5 on the following channels:
- Live chat: easily accessible on the home page.
- Email: [email protected]
- Phone: +44 (0) 203 151 5550
Support is available in 24 languages and is usually very responsive and helpful.
FxPro Research and Education
A lot of content is provided for education and research. Traders get access to ebooks, articles, webinars, market research and actionable analyses sent as email newsletters. This is accessible even to non-account holders. Any beginner in forex wishing to get a good head start in forex should use the educational suite provided by FxPro.
FxPro Noteworthy Points
FxPro offers a Quant Strategy Builder and a forex VPS for live account holders. Traders with a live account also get free access to the Autochartist plug-in. FxPro sponsors Watford FC, a team in the UK’s elite Premier Football League.
FxPro has invested approximately $121,000,000 in sports partnerships and various sporting events, so you can imagine a lot of investment goes into brand exposure and affiliate partnerships.
Conclusion for FxPro
FxPro is a perfect fit for beginners, intermediate and advanced traders. FxPro is regulated and offers a transparent service. This makes them a safe broker to trade with. There are hardly any negative reports about them and from the writer’s experience, FxPro is a good retail broker to work with.
User Reviews
4.4
based on 25 ratings
FxPro review
So far fxpro is the best broker in my practice. Of course it's not perfect and they have to grow. But I feel safe as I withdraw all the profits without delays and they don't trade against me.
review about fxpro
I have positive impression about FxPro. Among the huge number of brokers, they are one of the most reliable and trustworthy. During 2.5 years of working experience with them I have no problems with the withdrawals and any suspicions of fraud on their part.
Fxpro is well-known regulated broker
Fxpro is well-known regulated broker, which provides certain feeling of security. All client funds are covered by the compensation scheme. And they offer negative balance protection. So far I haven’t had any problems with them. Customer support is helpful with all my questions. Spreads are good enough as well as trading with metatrader. Also I like their quick withdrawals.
If you are looking for a really good broker, you can try fxpro
If you are looking for a really good broker, you can try fxpro. I have been working with them for last several years and satisfied with this broker. Moreover, it is not necessary to start immediately with a real account, you can test their demo. It is very convenient and execution is the same as real. Also this broker provide a lot of studying programs and materials for newbies. Service is very professional, I recommend to try.
I like fxpro
I like fxpro because they provide a lot of trading opportunities for traders. There are several account types here, you can choose what you want and you can test it on the demo for free. The spread is pretty good, fast withdrawals, well-timed and detailed analytics. I enjoy my trading with them.
A good broker that provides good services
A good broker that provides good services. I have been trading with them for several months and I have no complaint so far. Fxpro is a well-balanced broker with serious regulation. Trading platform quite fast as well. I’m happy with everything.
trading experience
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Overall fxpro is trustworthy broker.
I work with them for last 3 years. No problems with the execution, MT4 works very well, no slippages, if the price moved – you would get a requote. Deposits and withdrawals are fast. Support is also adequate. Overall fxpro is trustworthy broker. One minus - quite a large initial deposit.
Overall fxpro is trustworthy broker.
I work with them for last 3 years. No problems with the execution, MT4 works very well, no slippages, if the price moved – you would get a requote. Deposits and withdrawals are fast. Support is also adequate. Overall fxpro is trustworthy broker. One minus - quite a large initial deposit.
Overall fxpro is trustworthy broker.
I work with them for last 3 years. No problems with the execution, MT4 works very well, no slippages, if the price moved – you would get a requote. Deposits and withdrawals are fast. Support is also adequate. Overall fxpro is trustworthy broker. One minus - quite a large initial deposit.
Overall fxpro is trustworthy broker.
I work with them for last 3 years. No problems with the execution, MT4 works very well, no slippages, if the price moved – you would get a requote. Deposits and withdrawals are fast. Support is also adequate. Overall fxpro is trustworthy broker. One minus - quite a large initial deposit.
good broker
Very nice and easy to use platform, great charts, friendly support service. Also they provide segregated accounts, negative balance protection, this things allow you to be calm for your funds.
satisfied
The main advantage of this broker is reliability. They are on market for a quite long time and I never heard that they didn’t pay something to someone. Perhaps, if evaluate by separate parameters, they will not be the best, but if you evaluate everything in aggregate, I think fxpro is one of the best brokers nowadays. I am completely satisfied with my cooperation with fxpro.
Fxpro review
Over the past years I have been working with several different brokers and in my opinion FxPro is one of the most reliable among them. I had a few little problems, but support always helps me to solve it. Pros: good trading conditions, fast platform, good analytics, good support, fast deposit/withdrawal process. Cons: deposit is not small.
FxPro
I am new in FxPro and so far I don’t regret that I chose it. Good support, tight spreads on major pairs, cool platform - very innovative and user-friendly. Fast and easy deposit\withdrawal process. A lot of opportunities to build your strategies and use EA’s.
highly recommend them.
I use FxPro for 1 year and I am a big fan of this broker. Very good support and live chat. I think their execution is superb. Never had any complaints. Very fast withdrawals. I highly recommend them.
In my opinion Fxpro is one of the best brokers out there.
Trading with FxPro I get a lot advantages to myself. Slippage is within limits, order execution is rapid. I particularly liked the fact that you don't have to make a large deposit to open an account. In my opinion Fxpro is one of the best brokers out there.
Review fxpro
I feel safe with Fxpro. They provide FCA regulation and negative balance protection. And registration process is really serious. I am absolutely sure that they will not trade against me. Mt4 is fast with stable connection with the server.
satisfied
I have had an account with FXPRO for many years and every time they try to update and improve their site, platforms, and services, it is often better than the previous version
Very good broker
Very good broker with a lot of possibilities. I haven't found any big minuses. I have what to compare with and I can tell that fxpro has all the conditions for successful trading. The execution is fair and withdrawals are without any problems or delays. My trading strategy works and I'm very happy that the broker does not interfere in the trading process.
Order execution
The order execution speed at FXPro is incredible. It allows me to enter and exit the market profitably, ensuring maximum efficiency of my trades. Such responsiveness is critical in the world of fast-paced financial markets
recommend
I consider FxPro my strategic partner in the financial markets. The platform's innovative features, such as the integration with trading bots, align perfectly with my algorithmic trading strategies. The educational video series has been instrumental in expanding my trading knowledge. FxPro's commitment to security, exemplified by their robust data encryption methods, gives me the confidence to focus on what I do best – trading.
multi-asset platform
Trading on FxPro's multi-asset platform opens up numerous opportunities. However, managing the complexities of different markets requires experience
Quite reliable broker
I have quite good experience with fxpro. It is good broker for professionals as it provides good services and spreads. Deposit are acceptable but it could be lower.