FxPro Broker Review

Is FxPro a scam?

FxPro is a regulated forex and CFD broker that is licensed and authorized to operate by several reputable financial regulatory bodies. This helps ensure the safety and security of clients’ funds and the fairness and transparency of the broker’s trading services.

Here are the main regulatory bodies that oversee FxPro:

Financial Conduct Authority (FCA): FxPro UK Limited is authorized and regulated by the FCA with registration number 509956. The FCA is a UK-based financial regulatory body that supervises and regulates financial institutions to ensure they operate in a fair and transparent manner.
Cyprus Securities and Exchange Commission (CySEC): FxPro Financial Services Limited is authorized and regulated by the CySEC with license number 078/07. The CySEC is a financial regulatory body based in Cyprus that supervises and regulates financial institutions operating in the country.
Financial Sector Conduct Authority (FSCA): FxPro Financial Services Limited is also authorized and regulated by the FSCA in South Africa with license number 45052. The FSCA is a financial regulatory body in South Africa that supervises and regulates financial institutions operating in the country.
Dubai Financial Services Authority (DFSA): FxPro Global Markets MENA Limited is authorized and regulated by the DFSA with license number F003333. The DFSA is a financial regulatory body in Dubai that supervises and regulates financial institutions operating in the Dubai International Financial Centre (DIFC).

By being regulated by these reputable financial regulatory bodies, FxPro must adhere to strict regulations and guidelines regarding the management of clients’ funds, the provision of trading services, and other operational procedures. This provides clients with the confidence that they are trading with a safe and trustworthy broker.

Forex Brokers Ranking

Rank	Broker	Open Account	Bonus	Platform	Minimum Deposit	ECN
1	Exness	Open Exness account	16$/lot	MT4, MT5, Exness, ...	1$	10$
2	IC Markets	Open IC Markets account	-	MT4, MT5, cTrader	200$	200$
3	XM	Open XM account	30$	MT4, MT5	5$	-
4	XTB	Open XTB account	2000$	MT4, xStation 5	1$	1$
5	FBS	Open FBS account	140$	MT4, MT5, FBS Trader	1$	1000$

FxPro Trading Platforms

FxPro offers several trading platforms that cater to the needs of different types of traders. Here are the main trading platforms offered by FxPro:

MetaTrader 4 (MT4): MT4 is one of the most popular and widely used trading platforms in the forex and CFD markets. MT4 offers a range of advanced charting tools, technical indicators, and order management functions that allow traders to analyze the markets and execute trades with ease.
MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers several additional features and improvements. MT5 provides more advanced charting tools, a wider range of order types, and enhanced algorithmic trading capabilities.
cTrader: cTrader is a trading platform designed for forex and CFD traders who require fast execution speeds and advanced charting tools. cTrader provides a user-friendly interface, advanced order management features, and access to a range of trading tools and indicators.
FxPro Edge: FxPro Edge is a proprietary trading platform developed by FxPro that is designed for traders who prefer a more modern and intuitive trading experience. FxPro Edge provides a range of advanced charting tools, customizable layouts, and a user-friendly interface.

In addition to these trading platforms, FxPro also offers mobile trading apps for iOS and Android devices, which allow traders to access their trading accounts and execute trades on the go.

Products FxPro provides

FxPro provides a wide range of financial instruments for trading, including:

Forex: FxPro offers trading in over 70 currency pairs, including majors, minors, and exotics. Clients can trade forex using leverage of up to 1:500.
Indices: FxPro offers trading in over 20 global stock indices, including the S&P 500, FTSE 100, and DAX 30. Clients can trade indices using leverage of up to 1:100.
Shares: FxPro offers trading in over 150 global equities, including shares in some of the world’s largest companies such as Apple, Amazon, and Microsoft. Clients can trade shares using leverage of up to 1:5.
Metals: FxPro offers trading in gold, silver, platinum, and palladium, as well as spot and futures contracts for each of these metals. Clients can trade metals using leverage of up to 1:500.
Energies: FxPro offers trading in crude oil, Brent oil, natural gas, and other energy products. Clients can trade energies using leverage of up to 1:100.
Cryptocurrencies: FxPro offers trading in several popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Clients can trade cryptocurrencies using leverage of up to 1:2.

FxPro offers its clients the ability to trade these financial instruments using a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge, as well as mobile trading apps for iOS and Android devices.

FxPro account types

FxPro offers a variety of account types to cater to the needs of different types of traders. Here are the main account types offered by FxPro:

MT4 Account: This account type is designed for traders who prefer to use the MetaTrader 4 platform. The MT4 account offers floating spreads, no commission fees, and a minimum deposit of $100.
MT5 Account: This account type is designed for traders who prefer to use the MetaTrader 5 platform. The MT5 account offers floating spreads, no commission fees, and a minimum deposit of $100.
cTrader Account: This account type is designed for traders who prefer to use the cTrader platform. The cTrader account offers raw spreads, a commission of $4.5 per lot, and a minimum deposit of $100.
FxPro Edge Account: This account type is designed for traders who prefer to use the FxPro Edge platform. The FxPro Edge account offers fixed spreads, no commission fees, and a minimum deposit of $100.
FxPro Markets Account: This account type is designed for traders who prefer to trade using the FxPro Markets platform. The FxPro Markets account offers fixed spreads, no commission fees, and a minimum deposit of $500.
VIP Account: This account type is designed for high-volume traders who require personalized trading conditions and dedicated account management. The VIP account offers customized spreads and commission fees, as well as a range of other benefits.

Each account type has different trading conditions, such as spreads, commissions, leverage, and minimum deposit requirements. Traders can choose the account type that best suits their trading style and preferences.

FxPro trading fees

FxPro offers several different account types, and the trading fees can vary depending on the account type and the financial instruments being traded. Here is an overview of the main trading fees charged by FxPro:

Spreads: FxPro offers both fixed and variable spreads, depending on the account type and the financial instrument being traded. Spreads on the MT4 and MT5 accounts start from 1.2 pips, while spreads on the cTrader account start from 0 pips.
Commissions: FxPro charges commissions on trades made on the cTrader account, with a commission of $4.5 per lot traded.
Swaps: FxPro charges swaps on positions held overnight. The swap rates can vary depending on the financial instrument being traded, and whether the position is long or short.
Inactivity fee: FxPro charges an inactivity fee of $15 per month if there has been no trading activity on the account for 6 consecutive months.
Deposit and withdrawal fees: FxPro does not charge any deposit or withdrawal fees for most payment methods. However, some payment methods may have fees associated with them, such as bank wire transfers.

It’s important to note that trading fees can vary depending on market conditions and other factors, and traders should always check the latest fees and charges on FxPro’s website or trading platform before placing trades.

FxPro Funding and Withdrawal Options

FxPro offers a range of deposit and withdrawal options to its clients, including:

Deposit options:

Credit/debit cards: FxPro accepts deposits made using Visa, Mastercard, and Maestro cards. Deposits made using credit/debit cards are usually processed instantly, and there are no deposit fees.
Bank transfers: FxPro accepts deposits made via bank transfers. Deposits made via bank transfer can take up to 2-5 business days to be processed, and there are no deposit fees.
Online payment systems: FxPro accepts deposits made using online payment systems such as Skrill, Neteller, and PayPal. Deposits made via online payment systems are usually processed instantly, and there are no deposit fees.

Withdrawal options:

Credit/debit cards: FxPro processes withdrawals made using Visa, Mastercard, and Maestro cards. Withdrawals made using credit/debit cards can take up to 5 business days to be processed, and there are no withdrawal fees.
Bank transfers: FxPro processes withdrawals made via bank transfers. Withdrawals made via bank transfer can take up to 2-5 business days to be processed, and there are no withdrawal fees.
Online payment systems: FxPro processes withdrawals made using online payment systems such as Skrill, Neteller, and PayPal. Withdrawals made via online payment systems are usually processed instantly, and there are no withdrawal fees.

Fees and processing time:

Deposits: FxPro does not charge any deposit fees for most payment methods. However, some payment methods may have fees associated with them, such as bank wire transfers. Deposits are usually processed instantly or within a few business days, depending on the payment method.
Withdrawals: FxPro does not charge any withdrawal fees for most payment methods. However, some payment methods may have fees associated with them, such as bank wire transfers. Withdrawals are usually processed within a few business days, depending on the payment method.

It’s important to note that processing times may vary depending on various factors, such as the payment method used and the client’s location. Traders can check the latest deposit and withdrawal fees and processing times on FxPro’s website or trading platform.

FxPro’ promotions

FxPro offers various promotions and bonuses to its clients from time to time. These promotions may include deposit bonuses, cashback offers, and other special offers.

However, it’s important to note that these promotions are subject to terms and conditions and may not be available to clients in certain countries or regions. Traders should always carefully review the terms and conditions of any promotion before participating in it.

FxPro may also offer other incentives to its clients, such as referral bonuses for referring new clients to the platform, and loyalty programs for clients who trade regularly on the platform. These incentives may provide discounts on trading fees or other benefits.

Traders can check the latest promotions and bonuses on FxPro’s website or trading platform, and should always review the terms and conditions before participating in any promotion.

FxPro customer support

FxPro offers customer support 24 hours a day, 5 days a week, in multiple languages, including English, Spanish, French, German, Italian, Arabic, and more. Here are the main channels of customer support offered by FxPro:

Live Chat: Traders can reach FxPro’s customer support team via live chat on the company’s website or trading platform. The live chat is available 24/5, and allows traders to quickly get answers to their questions or concerns.
Email: Traders can also contact FxPro’s customer support team via email. The email address is available on the company’s website and trading platform.
Phone: Traders can contact FxPro’s customer support team via phone. The phone numbers are available on the company’s website and trading platform.
FAQ: FxPro has a comprehensive FAQ section on its website, which provides answers to common questions about the platform, trading, account types, and more.

Overall, FxPro has a strong reputation for providing responsive and helpful customer support. The company’s customer support team is knowledgeable and available around the clock to assist traders with any questions or concerns they may have.

FxPro Educational Resources

FxPro offers a range of educational resources to help traders improve their trading skills and knowledge. These resources include:

Trading Academy: FxPro’s Trading Academy is a comprehensive online course designed to help traders learn the fundamentals of trading, including technical analysis, risk management, and trading psychology.
Webinars: FxPro regularly hosts webinars on a variety of trading topics, featuring expert traders and industry professionals. Traders can attend these webinars live or watch recordings of past webinars on FxPro’s website.
Trading Tools: FxPro provides traders with a range of trading tools, including economic calendars, market analysis, and real-time news updates, to help them make informed trading decisions.
Video Tutorials: FxPro offers a library of video tutorials covering a wide range of trading topics, from beginner-level topics to more advanced strategies.
eBooks: FxPro offers a range of free eBooks covering various trading topics, including technical analysis, trading psychology, and risk management.
Articles: FxPro provides a wealth of articles on trading-related topics, including market analysis, trading strategies, and news updates.

Overall, FxPro offers a strong suite of educational resources designed to help traders at all levels improve their trading skills and knowledge. The resources are easily accessible via the FxPro website and trading platform, and provide valuable insights into the world of trading.

Pros and cons of FxPro

Pros of FxPro:

Strong Regulation: FxPro is regulated by top-tier financial authorities, including the FCA, CySEC, and DFSA, which provides a high level of security and transparency for traders.
Wide Range of Trading Products: FxPro offers a wide range of trading products, including forex, commodities, indices, shares, and cryptocurrencies, allowing traders to diversify their portfolios and take advantage of various market opportunities.
Multiple Trading Platforms: FxPro offers multiple trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, which cater to the different needs and preferences of traders.
Low Spreads: FxPro offers low spreads on its trading products, which can help traders save on trading costs and improve their profitability.
Strong Educational Resources: FxPro provides a wealth of educational resources to help traders at all levels improve their trading skills and knowledge.

Cons of FxPro:

Limited Account Types: FxPro offers only two account types, which may not be suitable for all traders.
Limited Bonuses and Promotions: FxPro’s promotions and bonuses are limited compared to some other brokers in the industry.
Inactivity Fees: FxPro charges inactivity fees of up to $15 per month for accounts that have been inactive for more than six months.
No US Clients: FxPro does not currently accept clients from the United States, which may be a limitation for some traders.

Overall, FxPro is a well-regulated broker that offers a range of trading products and platforms, along with strong educational resources. While there are some limitations, such as the limited account types and promotions, FxPro is a reliable option for traders looking for a trustworthy and secure broker.

Frequently asked questions about FxPro

Is FxPro a regulated broker?

Yes, FxPro is regulated by top-tier financial authorities, including the FCA, CySEC, and DFSA.

What trading platforms does FxPro offer?

FxPro offers multiple trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.

What trading products can I trade with FxPro?

FxPro offers a wide range of trading products, including forex, commodities, indices, shares, and cryptocurrencies.

What types of accounts does FxPro offer?

FxPro offers two account types: the FxPro Edge account and the FxPro MT4/MT5 account.

What are the deposit and withdrawal options at FxPro?

FxPro offers a range of deposit and withdrawal options, including bank wire transfer, credit/debit card, PayPal, Skrill, and Neteller.

What are the fees for trading with FxPro?

FxPro charges low spreads on its trading products, and there are no fees for deposits or withdrawals. However, there are inactivity fees for accounts that have been inactive for more than six months.