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FxPro Direct and Settings - Read it to Earn More!

Updated: May 01, 2024
Chinmay Soni
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Dr. BJ Johnson
Editor
Fact-checked by
Mirjan Hipolito
Cryptocurrency and stock expert
Expert verified
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Table of Contents

  • Rebates from TU and traders’ reviews
  • Brief review of FxPro
  • Features and functionality
  • Accessing your on FxPro Direct
  • A guide on registering
  • A guide on opening an account
  • Registering on FxPro via TU
  • Review of FxPro Direct
  • Pros and Cons
  • Reviews of the traders
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Did you know that you can earn more with FxPro, while doing exactly what you’ve been doing before? All you have to do is open an account on FxPro using TU’s referral link and start getting rebates for trading on a monthly basis and for every closed trade, even unprofitable ones. You only need to add your account with this company to your account on TU.

If you already have an account on FxPro, you need to follow these steps:

1

Open one more account in your FxPro Direct.

2

Send a request to change the group to info@fxpro.ru.com from the mailbox you specified when you registered on the broker’s website, specifying the number of your trading account and our ID 221002.

3

Add the number of your account to the Accounts section on the TU’s website, wait for the account confirmation, make a deposit and start trading.

After you’ve traded for one month, rebates for trading on FxPro (compensation for a part of spread or the fees per each closed trade) will be credited to your balance on TU.

Note! Verify your account on FxPro to receive rebates regularly.

Rebates from TU and traders’ reviews

FxPro Review
Open an account
Your capital is at risk.

Rebate amount:

  • For each transaction made with FxPro, TU pays a USD 4.8 rebate per 1 standard lot. To learn more about rebates, terms and conditions, visit “Trader’s Income” . TU clients get 80% of the amount paid by the broker.

Example of calculating the rebate from TU

Note! All figures used in this section are provided only as an example. To learn the exact spread for each trading instrument and account type, go to “FX Calculator” on the FxPro’s website.

You trade the EURUSD currency pair and pay the spread to the broker for each completed transaction in the amount of $6 per lot. You trade 10 lots in a month, and the spread is $60 in total. Traders registered via TU with FxPro will get a compensation of $48 to their balance on TU.

Traders’ reviews about TU rebates

1

Mike, managing trader, London

There are about ten English-language rebate services working with the English speaking traders. I have experience of working with several of them, and TU turned out the best for me for several reasons:

  • There are over a hundred brokers here, while other services have no more than 40-50. I can tell you from experience that it is better to work with several brokers, as some offer good conditions for scalping, others a good social trading platform, some have cryptocurrencies, etc. TU offers TU offers a good choice of brokers.

  • Regular real rebates. I had a situation with another service, when the amount I received was 30% less than I expected. I loaded the trades to Excel, calculated the spread, gave customer support my calculations and still had a hard time convincing them that I was right. I’ve been working with TU for almost 18 months and have not had any such issues. All compensations are paid exactly according to the calculations.

On some accounts, the rebates are credited on a monthly basis, and there are no delays. Everything works smoothly. I highly recommend it!

2

Luigi, novice trader, Bern

I’ve been pleasantly surprised with the opportunity to at least partially recover my expenses. The compensation is credited to my account on TU, with no delays. Thank you!

3

Nikolai, trader, Paris

I regularly reinvest the rebates I receive back in trading. I actually get a lower spread than if I had registered with the broker directly. So here’s my advice: if you decide to open a real account with a broker, use TU’s referral link, it is free. The only drawback is that the rebates are paid not for all accounts, but all of that is specified in the terms and conditions on the TU’s website.

Brief review of FxPro

FxPro is an international company providing Forex trading services. The company was established in 2006 and has since grown its equity to EUR 100 mn with clients from 170 countries. The company offers access to trading 7 classes of assets, including cryptocurrencies, and four platforms – classic MT4, MT5, professional cTrade and a proprietary platform.

FxPro benefits:

  • The broker is authorized in 4 jurisdictions – UK, Cyprus, South Africa and the Bahamas. The broker’s offices hold licenses of FCA, CySEC, SCB.

  • 90% of orders are executed in less than 14 ms; signal delays from data centers are close to zero. The average order execution speed in the market is 100 ms.

  • Low percentage of slippage. According to the 2020 statistics, 80.48% of orders were executed without slippage, while 9.60% of orders were executed with positive slippage. In terms of re-quotes, only 1.14% of all instant orders received a re-quote.

On some account types, the broker orders micro lots. There is no minimum threshold on stop levels. The broker attracts clients primarily with technology and quality of service, and therefore offers no bonus programs.

FxPro – features and functionality

FxPro Direct login allows you to open new accounts, manage payments, etc. Trading begins with the registration on FxPro Direct, opening of an account and installation of the platform.

FxPro Direct Features:

  • Managing your wallet and financial transactions. You can deposit to and withdraw money from your virtual wallet, and also transfer money inside the broker’s system between the real accounts and the wallet. Transfers between demo accounts are not possible. Transfers inside the system between real accounts can also be performed through the wallet.

  • Account management. Opening of any number of real and demo accounts.

  • A set of instruments to help the traders, which includes market sentiment, quotes, schedule of trading sessions, etc.

  • Access to Trading Central analytics (analytical platform, one of the leaders in the segment of technical analysis of the market, which holds the license of SEC, the U.S. regulator).

There is a step-by-step guide on the main menu for those who do not like to learn the features by trial and error method.

Photo: FxPro Direct Review – Features and functionality

Photo: FxPro Direct Review – Features and functionality

Accessing your on FxPro Direct

There are two ways to access your FxPro Direct: by logging in or registering. It is very difficult to get lost on the website – the Log In and Register buttons almost always stay in the top right corner regardless of the page of the website you are on.

Photo: FxPro Direct Review – Access and registration

Photo: FxPro Direct Review – Access and registration

You can also access the registration form using the links for opening a demo account.

Logging in on FxPro official website. The order of actions.

Logging in means accessing your FxPro Direct, under the condition that you’ve already registered on the platform. Registration is entering primary information and receiving the login and password to the account. If you’ve already done that, then click on Sign In Your Account and then Log In.

Photo: PFxPro Direct Review – Logging in

Photo: PFxPro Direct Review – Logging in

In the pop-up window, enter the email you specified during registration and your password.

Changing the password to your FxPro Direct.

You can change your password when you Log In your FxPro Direct. The first option is for when you forgot your password, so that you can generate a new one. The second option is for security reasons, as it is recommended that you change your password at least every couple of months.

  • 1

    Changing the password when logging in:

    • Click on “Log In”, and in the next window click “Forgot Your Password?”

    • Enter your email. Confirm that you are a real person by entering captcha or confirming images.

    • The instructions will be sent to your email.

    Changing the password in this case may require up to 5 minutes.

  • 2

    Changing the password in your FxPro Direct:

    • Go to Settings/Password Settings.

    • Enter your old password, then the new password and then confirm your new password.

Photo: Changing the password in the FxPro Direct

Photo: Changing the password in the FxPro Direct

The password must only include Latin alphabet letters, at least one capital and lowercase letters, at least one number and have at least six characters in total.

A guide on registering in FxPro Direct

Registration is required if you are visiting the FxPro for the first time and don’t have an FxPro Direct yet. You will not be able to open a trading account and fund it without registration.

Registration on FxPro Direct on the FxPro website:

1

Click “Register”.

Photo: Procedure of registering on FxPro Direct

Photo: Procedure of registering on FxPro Direct

2

Fill out the registration form. It contains several steps, where you will be required to provide personal information, estimated income, employment, etc.>

Some of the questions are required by the regulator for assigning the category and setting individual leverage.

Photo: Filling out registration form for registering on FxPro Direct

Photo: Filling out registration form for registering on FxPro Direct

You can use third-party services to generate the password. Make sure to enter only accurate information, otherwise you may have issues with verification.

3

Specify your account details. The first account is opened during the registration. You can open other accounts from your FxPro Direct after registration.

Photo: Entering details of a new account during registration on FxPro Direct

Photo: Entering details of a new account during registration on FxPro Direct

The registration is complete; you’ve been automatically logged in your FxPro Direct. You will receive an email with the details of your account in order to link it to the platform you chose during registration.

A guide on opening an account on the FxPro official website

The first account is opened automatically during registration. In your FxPro Direct, you can open any number of other real and demo accounts.

Opening a demo account on FxPro

The algorithm for opening a demo account:

1

In the main menu of the Persona Account on the left, click “Accounts”. In the new window, select “Demo Accounts”

Photo: Opening a demo account on FxPro Direct

Photo: Opening a demo account on FxPro Direct

2

Click on “Open New Account”. Specify the account type and currency. The Features of the FxPro Direct allow you to open a demo account of every type of real account. This way, you will be able to see the difference between them, compare spreads and other trading conditions without depositing real money.

After you complete this procedure, the account will appear in the main window, and an email will be sent with the account details for linking it to the trading platform (login, password, server). Demo accounts are active for three months.

Opening a real account on the FxPro website

The algorithm for opening a real trading account is similar. In the Accounts menu, select “Create New Account”, and enter its details.

Photo: Opening a real account on FxPro Direct

Photo: Opening a real account on FxPro Direct

Registering on FxPro via TU

Traders Union is a rebate service, an analytical platform and a community of traders, who are ready to help each other in any trading issues.

Pros of registering in the TU community:

  • You receive compensation for the spread. For example, if the spread was USD 10 after you closed the trade, you can get up to 80% of this amount compensated.

  • It is free. TU does not charge any commissions or fees. Verification is similar to verification on FxPro. You are only asked to take a bit of time to register.

  • TU is an analytical platform, where you can find free indicator templates, reviews of strategies, trading ideas, etc.

  • TU is a free legal support should you have any disputes with the broker.

  • TU is a forum of traders, where you can ask questions or share your knowledge and experience.

It works like this. If you open an account with the broker directly, you don’t lose anything, but you don’t get anything. If you register on the TU’s website and then follow the referral link to register an account on the FxPro’s website, you work with the broker on standard conditions, but you get partial compensation for the spread.

A guide on opening an account on FxPro via TU

1

Register on the TU’s website. The algorithm of registration and authorization is similar to the one described for FxPro.

2

Pass verification and receive confirmation.

3

On the homepage of the website, select FxPro from the list and click “Study review”.

4

Read the review of the broker and click “Open an Account”.

5

Link the account you opened with the broker to the account on TU. You will find the guide on how to link accounts in the Personal Account on TU.

Once you’ve successfully completed these steps, you will see your FxPro account number with the ‘confirmed’ message in your Personal Account on TU. Now you will receive partial compensation for the spread to your TU account. It can be withdrawn to a confirmed wallet or to the trading account on FxPro.

Get bonuses from TU

Review of FxPro Direct

After registration, your FxPro Direct will open. It is easy to use and has a minimum of required features.

Photo: FxPro Direct – Review of features

Photo: FxPro Direct – Review of features

The menu can be provisionally divided into three parts:

1

Main menu with the sections of all available features.

2

Data display window with information on the menu’s tabs. The link to verification is above it. You can pass verification also by going to account settings.

3

Quick help. Feedback, live chat and call.

Let’s review the features of the main menu in more detail.

FxPro Direct Features

Wallet.

Photo: Review of FxPro Direct features – Wallet

Photo: Review of FxPro Direct features – Wallet

Virtual wallet is the account you deposit money to and withdraw money from, but it is not linked to any trading platform. The algorithm of work is as follows:

  • Make a deposit to the account of the virtual wallet. The Deposit button. You can also deposit funds to the real account directly in the Accounts tab.

  • Transfer any amount to open real trading accounts. The Transfer button.

Photo: Review of FxPro Direct features – transfers between accounts

Photo: Review of FxPro Direct features – transfers between accounts

  • Open and close trades. If there is a Stop-Out on one of the accounts, you will keep the money on other accounts and the wallet.

  • If you want to transfer money from one account to another, you can use the wallet as a transit account.

  • Withdraw money from the wallet. The Withdraw button.

The history of transactions between the wallet and accounts is shown in the data display window.

Accounts

This is the tab, where you can manage your accounts. Here, you can open and close real and demo accounts, view statistics, etc. Additional features:

  • Changing the password to a specific account.

  • Installation files for the trading platform based on the account type (versions for desktop, browser, mobile). The screen below shows the accounts opened for the MT4 platform.

  • Changing leverage for a specific account.

Photo: Review of FxPro Direct features – Accounts

Photo: Review of FxPro Direct features – Accounts

Instruments.

Trader’s supporting tools for building trading ideas. There are three sections:

Trader’s supporting tools for building trading ideas. There are three sections:

3.1. Trader’s dashboard, featuring four tables:

  • Price movement statistics in percentage for the chosen period. The list includes over 60 currency pairs, time frame – from 1 day to 1 year.

  • Market sentiment. The ratio of long and short positions of FxPro traders as of a specific date.

  • Quotes of the assets: currency pairs, assets of stock and commodity markets.

  • Schedule of sessions at the international stock exchanges.

3.2. Economic calendar. This is the list of news releases that impact the quotes of currency pairs and the time of their release. There is a filter that allows you to soft information by importance, period, currency pair.

3.3. All-in-One Calculator for calculating the cost of a pip, collateral amount, swap, cTrader’s fee.

Photo: Review of FxPro Direct features – Instruments

Photo: Review of FxPro Direct features – Instruments

Analytics and education.

This section features analytical instruments and basic information and includes 4 subsections:

  • Squawk. Urgent financial news in audio format, including latest analytics, fundamental news alerts, newsfeed, latest reports and articles.

  • Trading Central. The company is an independent provider of technical analytics and trading signals. After you make a deposit on your account, the daily analysis is delivered to your FxPro Direct and email.

  • FxPro E-books. This is the broker’s e-library, where you can download books on trading for free (from basics to lot, from leverage to CFD, on fundamental analysis, etc.).

  • Webinars on different topics of fundamental analysis, risk management, psychology, etc.

Photo: Review of FxPro Direct features – Analytics and education

Photo: Review of FxPro Direct features – Analytics and education

My profile.

This section is designed for changing personal information, if needed, uploading documents, etc. Here, you can change and add your personal data, contact information, pass verification, add bank details, tax ID numbers. Also here you will find all legal documentation that regulates the relations between traders and the broker: Client Agreement, Order Execution Policy, Risk Disclosure Notice, etc.

Photo: Review of FxPro Direct features – My profile

Photo: Review of FxPro Direct features – My profile

QR code

Downloading the FxPro Direct app. Use this QR code in order to download the application directly from Google Play or AppStore.

Hints.

Photo: Review of FxPro Direct features – Hints

Photo: Review of FxPro Direct features – Hints

A guide on the features of the FxPro Direct Login. If you don’t want to do it by trial and error, check out the guide that provides information on the main features of the account. It will take up to 10 minutes.

FxPro Direct Features

Managing accounts and transactions.

The procedure of account opening, using the wallet, internal and external transfers have already been analyzed in this review.

Photo: Review of FxPro Direct features – Depositing funds to the accounts

Photo: Review of FxPro Direct features – Depositing funds to the accounts

Verification.

Passing the verification procedure. For initial verification, you only need to send the photo of your passport and take a selfie. However, the broker may request to also provide proof of residence and proof that you are the owner of the card or electronic wallet.

Additional features of FxPro Direct

Customer support.

Review of FxPro Direct features – Customer support

Review of FxPro Direct features – Customer support

The panel for quick access to customer support can be found on the right side of the FxPro Direct. Customer support responds to questions on the live chat within one minute.

In the “Feedback” the email of customer support is specified. If you need to send a letter to the broker with an attachment, that’s where you need to go.

Changing the background theme of your FxPro Direct

Photo: Review of FxPro Direct features – FxPro Direct theme

Photo: Review of FxPro Direct features – FxPro Direct theme

Entering tax identification numbers

FxPro is a regulated broker and this information is a requirement of the regulators for certain situations. Entering this information may be required if the broker acts as a tax agent.

Photo: Review of FxPro Direct features – Entering tax identification number

Photo: Review of FxPro Direct features – Entering tax identification number

Pros and Cons of FxPro Direct

👍 Pros of FxPro Direct

• Quick verification. You need to provide scanned copies of your passport (ID card, driver’s license) and a selfie. According to the broker’s statistics, 91% of users are verified within one hour. For comparison: verification by the majority of brokers requires proof of address/residence and takes 1-3 days.

•Quick access to trading via the QR code. It is convenient for trading from mobile devices.

• Quick money transfer between the accounts with zero fees within one second.

Also the analytical section can be added to the benefits, although most of it is available on the broker’s website without accessing the FxPro

👎 Cons of on FxPro Direct

• Insufficient level of protection – there is no confirmation of password change and other actions via the mobile phone. The account is linked to the email, where all personal messages are sent. Two-factor authentication also involves sending the code to the email. A stranger only needs to know the email address and password in order to change the password to the account. After that, he can open/close orders on your behalf. The only advantage is that he won’t be able to withdraw money to his account.

No other drawbacks were discovered.

Expert conclusion about the FxPro Direct

“No frills” – that’s how you can describe the features of the FxPro Direct. The broker does not have PAMM accounts, social trading, bonus programs. Therefore, the main tasks of the FxPro Direct are as follows:

  • Opening and closing of new accounts. You can also open them on the trading platform. In order not to get mixed up while working with several platforms, it is best to open them from the FxPro Direct.

  • Performing transactions. If there is a Margin call on one of the accounts, you can transfer money between the accounts or deposit funds from the virtual wallet – the common account, which is not connected to the platforms. Money withdrawal is also performed from the FxPro Direct.

  • Analytics. Newsfeed, news in audio format, Trading Central analytics, webinars, calculators – to support the trader.

The same can be said about the website. At the bottom of the home page, there is a structured menu with clear names of the sections. There is one drawback of the website – many sections contain ads instead of specific information. There is no contract specification, detailed trading conditions. You have to contact customer support to get that information.

Anton Kharitonov

Anton Kharitonov,

Financial expert and analyst at Traders Union

Reviews of the traders about the FxPro website and FxPro Direct

I use my FxPro Direct only for transactions between the accounts. It is convenient that there are not many unnecessary tabs with dozens and multi-level links, as some other brokers have. Designed allegedly to help, they are actually in the way – not many people use them. In terms of this, I like FxPro Direct.

Trader Name 1

Georgy,

trader,

Amsterdam

In terms of verification, I’d like to add the following. Although it says in the FxPro Directthat a selfie helps 91% of traders to pass verification within several minutes, it is not that simple:

  • You will still have to provide proof of address. That could be a bank statement or a utility bill. And if it is not registered in your name, there may be issues. By the way, registration in your password doesn’t work. The broker does not have the right to provide services to residents of certain countries. Therefore, if the broker sees that you or somebody on your behalf has been paying your utility bills for the past six month, the broker takes that as the fact of residence in this country.

  • In 90% cases, you also have to prove that your card/wallet is indeed owned by you. You have to take a photo of the card, and provide screenshots with details for the wallet.

Therefore, you will still have to fully pass verification. And before making a deposit, as it was rightly said in this review, make sure to first ask customer support whether you’ve done everything correctly.

Trader Name 2

Peter,

professional trader,

London

I have one question to the developers of the FxPro Direct: why hasn’t statistics on the referral programs been integrated? For example, I have old accounts on several trader’s forums. And I could invite people to FxPro. Actually, I could bring 2-3 dozen beginners, as the conditions are good here. But then, how can I see how many people used my referral link to register? And how much money was awarded? For this, I need to separately register, go to the Marketing Portal. It would have been much more convenient if I could see the statistics in my FxPro Direct.

Trader Name 1

Dominic,

trader,

Oslo

The website is largely the broker’s advertisement. However, the important things for me include trading conditions, order execution without sudden slippages, etc. FxPro has it all. FxPro Direct is everything you need ‘at your fingertips’, without any excess that diverts your attention or confusing options.

Trader Name 2

Anna,

trader,

Warszawa

I have many questions about the website. For example, what do they mean by the algorithmic trading constructor for MT4? The trading conditions for accounts are also not clear. I was able to find the full list of accounts only in the Frequently Asked Questions section. I have not found contract specifications or leverage. I thought that maybe I would see this information in the FxPro Direct, but that, unfortunately, was not the case. Maybe I searched poorly. Or all of that will appear once I pass verification (I haven’t yet). However, if you don’t see this information straight away, that’s not good. That’s my personal opinion.

Trader Name 3

Mario,

novice trader,

Rome

FAQ

What do I do if I forgot the password and cannot access my FxPro Direct?

There are several options:

  • Recover/change your password. When you open the window to access your FxPro Direct, click “Forgot Your Password?” and follow the instructions. You will need your email.

  • Access your email, which is linked to your account, find the letter sent by the broker during registration. It will have the password and server for linking the account to the platform. Close the positions until you recover your password to the FxPro Direct.

  • If you forgot your FxPro Direct password and cannot access your email, contact customer support. If you passed verification, you may only need to confirm your ID once again in order to recover access to your account.

How to pass verification on FxPro?

Once you register, you will be able to review the features of the FxPro Direct and test the platforms, using a demo account. In order to start trading and withdraw money, you need to pass verification.

For verification you will need to:

  • Upload scanned passport, driver’s license or ID card with a photo.

  • Take a selfie.

When you deposit funds, the broker warns you that you can do it only from your wallet or debit/credit card held by you. This means that the broker may ask you to provide proof that you are the real owner of them. Before making the deposit, ask customer support about the documents you will need for that.

What financial transactions can I perform in my FxPro Direct?

FxPro account system has the following structure:

  • Wallet – a virtual account, which you replenish and from which you withdraw money.

  • Trading account balance. The account for trading. You can open any number of trading accounts and you can transfer money commission free between them without any restrictions, using the wallet as the transit point. Also, you can transfer the money between the accounts and the wallet.

  • Demo account. A separate type of account with virtual money. You cannot deposit or withdraw funds from it.

NOTE! Withdrawal can be done only to the account that was used to deposit funds. However, customer support is prepared to consider individual situations.

Can the features of FxPro Direct help me trade?

Yes, there are several quite useful features:

  • “Trading on the go” with the QR Code. Scan the code for quick access to the platform.

  • Instruments tab features market sentiments on key trading assets, economic calendar and analytics.

  • Squawk. News in audio format from LiveSquawk.

If you have time, check out these features; they could help you make the right decision.

Glossary for novice traders

  • 1 Broker

    A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.

  • 2 Trading

    Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.

  • 3 Leverage

    Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.

  • 4 Scalping

    Scalping in trading is a strategy where traders aim to make quick, small profits by executing numerous short-term trades within seconds or minutes, capitalizing on minor price fluctuations.

  • 5 Social trading

    Social trading is a form of online trading that allows individual traders to observe and replicate the trading strategies of more experienced and successful traders. It combines elements of social networking and financial trading, enabling traders to connect, share, and follow each other's trades on trading platforms.

Team that worked on the article

Chinmay Soni
Chinmay Soni
Contributor

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Read more
Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

Read more
Mirjan Hipolito
Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Read more