FxPro Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 100$
- cTrader
- MetaTrader4
- MetaTrader5
- FxPro Edge
- FCA
- CYSEC
- FSCA
- SCB
- 2006
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 100$
- cTrader
- MetaTrader4
- MetaTrader5
- FxPro Edge
- FCA
- CYSEC
- FSCA
- SCB
- 2006
Our Evaluation of FxPro
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FxPro is one of the top brokers in the financial market with the TU Overall Score of 8.74 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FxPro clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
FxPro is a reliable broker company that offers market access to all traders, regardless of their level of knowledge and experience. Broker's clients are protected from negative balance; their activities are carried out in comfortable conditions and with competent professional support.
Brief Look at FxPro
The FxPro broker was registered in July 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC, 078/07 (Cyprus), Bahamas SCB (SIA-F184), FCA, 509956 (UK), and South African FSCA (45052). FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 85 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The broker has over 2,100 trading assets in its pool, including cryptocurrencies, which are subject to the account type. The basic set of assets is available on cTrader accounts, the full set is available on accounts opened on MT4 and MT5. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.
- Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
- insurance of client funds at the expense of the broker participation in an investor compensation fund;
- beginner traders will be able to access tested advisors;
- a full package of services is available to the client regardless of the balance of his account;
- VIP account holders are offered a personal manager and get a Free VPS;
- company capital exceeds 100 million euros;
- offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
- the reliable trading environment provided by the competent educational and research department.
- it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
- difficulties registering in an affiliate program.
TU Expert Advice
Financial expert and analyst at Traders Union
FxPro is one of the brokers that successfully combines marketing policy and technological development. The company has been in the market for more than 17 years and has been able to maximize its technical potential. Average order execution is up to 14-30 ms, while the market average is 100-150 ms. Average spreads for the EUR/USD pair range from 0.3 to 0.8 pips, and expansion at moments of fundamental volatility does not exceed 30-50%. You can check these numbers by installing a script for MT4/MT5. But there are no doubts that they are true. This is largely thanks to such liquidity providers as Barclays, Citibank, and RBS banks, which are FxPro's longtime partners.
Trading conditions are ideal for everyone, regardless of experience level. Novice traders can improve their skills on demo accounts, which can be opened for any trading platform (cTrader, MT4/MT5, or FxPro Edge). All platforms, except FxPro Edge, support custom indicators, scripts, and Expert Advisors. There are auxiliary tools in the user account such as market sentiment, which is an indicator displaying the current position volumes and their number in both directions, volatility of currency pairs, analytics and tools of Trading Central, and news feed with streaming information.
The number of payment methods is limited, but this is required by regulators. To compensate for this, FxPro guarantees instant processing of withdrawal requests and quick crediting of money. First impressions of the broker are positive, therefore it is rightfully included in the rating of the TU Top best companies. Check it out by opening a free demo account.
- Regulation in different regions is important to you. FxPro is regulated by FCA (the Financial Conduct Authority), CySEC (the Cyprus Securities and Exchange Commission), FSCA (the Financial Sector Conduct Authority), and SCB (the Securities Commission of the Bahamas). There are few brokers that are controlled by as many or more regulators.
- You plan to deposit and withdraw funds by various methods. The broker works with standard bank transfers, as well as with Visa, and Mastercard. Such crypto wallets as Bitcoin, Ethereum, and Tether, as well as PerfectMoney, Skrill, and Neteller online payment systems are available.
- You plan to invest minimum at the start. There are many brokers that don’t set the minimum deposit or it is as low as $10. To start trading with FxPro, a minimum deposit of $100 is required.
We checked the office of the FxPro brokerage company in Cyprus, which is located at the following address according to the information on the company’s website:
Karyatidon 1, Ypsonas 4193, Cyprus
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The company is located at the stated address
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We were able to speak to a company representative
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We were able to visit the office as clients
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Video of the company’s office and an interview with FxPro
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FxPro Summary
Your capital is at risk.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FxPro UK Limited:
77.20% of retail investor accounts lose money when trading CFDs with this provider.
FxPro Financial Services Ltd:
77.84% of retail investor accounts lose money when trading CFDs with this provider.
FxPro Global Markets Ltd:
84.72% of retail investor accounts lose money when trading CFDs with this provider.
💻 Trading platform: | MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge |
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📊 Accounts: | FxPro MT4 Instant (with fixed spreads), FxPro MT4 Instant (with floating spreads), FxPro MT4, FxPro MT5, FxPro cTrader |
💰 Account currency: | USD, EUR, GBP, CHF, AUD, PLN, ZAR and JPY |
💵 Replenishment / Withdrawal: | VISA/MasterCard, Maestro, UnionPay, Cryptocurrency transfers, Perfect Money, Skrill, Neteller |
🚀 Minimum deposit: | 100 (USD, EUR, GBP, CHF) |
⚖️ Leverage: | Up to 1:500 subject to the jurisdiction. For example, maximum leverage for certain jurisdictions is up to 1:30 for currency pairs. |
💼 PAMM-accounts: | No |
📈️ Min Order: | From 0.01 lot |
💱 Spread: | from 0.0 pips |
🔧 Instruments: | Over 2,100 assets are available: currencies, stocks, indices, futures, metals, energies, and cryptocurrencies. |
💹 Margin Call / Stop Out: | 25/20 |
🏛 Liquidity provider: | 12+ |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market Execution |
⭐ Trading features: | Scalping - for all types of financial instruments; Negative balance protection for customer accounts; 24-hour multilingual support, 5 days a week; Advisors; Algorithmic Trading. |
🎁 Contests and bonuses: | No |
Traders registered with FxPro find the trading conditions of the company some of the most attractive in the Forex Market. First of all, these are narrow spreads and zero commissions for trading stocks.
FxPro broker company has many tools that simplify the technical and fundamental analysis and a variety of charts. You can work with a broker on the MetaTrader 4, MetaTrader 5, Edge, and cTrader trading platforms. It is possible to trade online on various operating systems: Windows, Mac, iOS, Android. TradingView charts were added on FxPro Mobile app, so the app now has advanced charting, indicators, chart tools, and other features.
FxPro Key Parameters Evaluation
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reliability
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It is hassle-free
There is no noticeable weakness in this company
Trading Account Opening
To start earning money with the FxPro brokerage company and receive funds for trading using Traders Union, follow these steps:
Register on the website of the Traders Union and follow the affiliate link to the FxPro broker website. Open an account on the main page by clicking the corresponding “Register” button.
Enter your first name, last name, email address, phone number and password. For the first acquaintance with the personal account, the confirmation by mail is not required. Just fill in the data about yourself, which will take about 10 minutes.
The following is available in the personal account:
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Control over the account activity, including archive transactions (tab "Accounts") - replenishment and withdrawal.
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Trader’s auxiliary tools management: an economic calendar indicating the main future and past events, a calculator for calculating the position volume with the indication of swaps and the value of a point.
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The trader’s panel is the key tool for comprehensive analysis. There is an indication of market sentiment, the percentage deviation of the price of the main trading assets for the period from 1 day to 1 year, current quotes, the schedule of trading sessions.
Other useful features of the FxPro personal account:
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analytics and education. Access to FxPro e-books, webinars on any topic for beginners and professionals, fundamental and technical analysis, FxPro Squawk (urgent economic news and comments in audio format);
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contacts (online chat, call);
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additional security settings: password change, authentication settings, mailing lists settings (company news and Trading Central analytics).
FxPro - How to open a trading account? | Firsthand experience of Alex Smith by Traders Union
Regulation and Safety
Information
The activities of the FxPro broker company are regulated by four financial services commissions: FCA (United Kingdom), CySEC (Cyprus), FSCA (South Africa), SCB (The Bahamas).
Security guarantees from FxPro:
1. FxPro’s partners providing constant liquidity are over 12 investment banks.
2. Clients’ funds are held in segregated accounts in Barclays, Citibank, and RBS banks.
The broker’s external auditor is PwC.
These regulators impose the most stringent requirements on the activities of companies, which therefore ensures the broker's responsible performance of their services and tasks.
Advantages
- Segregated accounts, in accordance with all requirements of the regulator
- Protecting the trader's capital from a negative balance
- Providing support in controversial matters involving an independent judge
Disadvantages
- The regulator does not consider the claims of private traders with minor amounts
Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
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FxPro MT4 Instant | From $10 | 0 |
FxPro MT4 Fixed | From $5 | 0 |
FxPro MT5 | From $5 | 0 |
FxPro cTrader | From $3 | 0 |
FxPro Platform | From $1 | 0 |
Also, TU experts analyzed other fees of the broker and compared spreads to those of its competitors. Trading conditions give fixed fees subject to the trading volume on certain accounts. For example, $7 for each full standard lot is charged for currencies and metals. The EUR/USD pair was taken to compare spreads, which was converted from pips into monetary value.
Broker | Average commission | Level |
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|
$3 | |
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$1 | |
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$8.5 |
Account Types
FxPro offers several types of accounts to choose from. With this broker, traders have the option to utilize different trading terminals. Traders have MetaTrader 4 and MetaTrader 5, cTrader and FxPro Markets to choose from and all FxPro platforms are available on a mobile application and comes with its characteristics. Minimum deposit - $100:
The broker also provides the opportunity to open a demo account.
FxPro brokerage company is a successful symbiosis of innovative philosophy, advanced thinking, and customer care. With this broker, both beginner and experienced traders will be provided with the most comfortable conditions for profitable trading. If you want to learn how to make money on FxPro, read the Traders Union article.
Deposit and Withdrawal
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Deposit and withdrawal methods are subject to the jurisdiction. FxPro UK Ltd offers Bank Transfer, Broker to Broker, and Visa/Mastercard. FxPro Financial Services Ltd offers Bank Transfer, Broker to Broker, Visa/Mastercard, PayPal, Skrill, and Neteller. FxPro Global Markets Ltd offers Bank Transfer, Broker to Broker, Visa/Mastercard, and Skrill
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The broker does not charge withdrawal fees. The only fee of 2-2.6% is charged for an inactive account.
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Withdrawal requests are processed within 1 business day. Crediting funds depends on the payment system and can take up to 5-6 business days.
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Withdrawals are available in any currency. If the withdrawal currency differs from the account currency, the broker converts money at the internal rate.
Investment Options
Currently, the broker does not offer own programs for passive investment. The situation may change in the future, but now, investors can use the copy trading service from MetaQuotes, the developer of MT4/MT5.
This is how it works:
Register on the MQL5 website. It’s free of charge and takes up to 10 minutes.
Download MT4 or MT5 on the broker’s website and install it. Open an account (from the broker’s user account or from the trading platform) and add it to the platform.
In the “Platform” menu (МТ4) or the “Tools” menu (МТ5) select the “Signals” tab and follow the instructions.
To copy trades, link the trading platform to the MQL5 account. This can be done in the “Signals” tab or the “Service/Settings/Community” menu.
You can copy signals of one or several traders after reviewing their statistics in the platform. Subscription fee is fixed, the money is debited from the MQL5 account. You can unsubscribe from signals any time.
FxPro affiliate program
Any individual or entity can become an Introducing Partner. This program provides for rewards up to 55% of referrals’ income regardless of their turnover. The broker, on its part, provides complete marketing and technological support.
Useful Tools
FxPro offers several additional trading tools:
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Economic Calendar. It provides information on the most significant upcoming news. This tool is useful for fundamental strategies.
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Trading Central analytics. Trading Central is an independent provider of signals, forecasts, and technical tools for trading all asset classes.
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FxPro Squawk. This is a real-time news feed.
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Calculator. This is a tool for one-click calculating expenses for spreads and swaps..
Some tools are available upon registration of a user account, opening a trading account, and making a deposit.
Customer Support
Information
The multilingual support service of the FxPro brokerage company accepts questions and requests from traders around the clock, 5 days a week, in over than 20 languages.
Advantages
- There is a live chat and phone support
- Customer support is in many languages
Disadvantages
- Does not work on Saturday and Sunday
- Exception: Trading cryptocurrencies. Cryptocurrency trading support is available 24/7.
You can contact technical support using the following ways:
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phone numbers indicated on the site;
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online chat;
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call back;
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online form on the site;
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email.
Contacts
Foundation date | 2006 |
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Registration address | FxPro UK HQ 13-14 Basinghall str., City of London, EC2V 5BQ, UK |
Regulation |
FCA, CYSEC, FSCA, SCB
Licence number: 509956, 078/07, 45052, SIA-F184. |
Official site | https://fxpro.com, https://www.cis-fxpro.com/ |
Contacts |
+44 (0) 203 151 5550, 08000 463 050
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Education
Information
The information in the Education Section of the broker’s website is structured in a way to provide maximum information to both novice traders and professionals. For novice traders, the website offers basic courses on fundamental and technical analyses, reviews of indicators, and articles on the psychology of trading. For professionals there are news, daily analytics on individual assets, and market dynamics.
Any trader can test the tools on a demo account.
Comparison of FxPro with other Brokers
FxPro | RoboForex | Pocket Option | Exness | Vantage Markets | Libertex | |
Trading platform |
MT4, MobileTrading, MT5, cTrader, FxPro Edge | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, WebTrader, Mobile Apps | Libertex, MT5, MT4 |
Min deposit | $100 | $10 | $5 | $10 | $50 | 100 |
Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 for retail clients |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0.1 points |
Level of margin call / stop out |
25% / 20% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 50% / 50% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Detailed Review of FxPro
The company prioritizes the development of innovative technologies and trading tools that allow traders to carry out not only profitable, but also convenient trading.
The broker offers CFDs on Forex, stocks, such as: Nvidia stock, Apple stock, Google stock, Tesla stock, indices, futures, metals and energy. FxPro is proud to offer Base Metals & Gold Future CFDs. In addition to existing metals, the company now offers Aluminium, Zinc, Copper & Lead, and Gold Futures to trade. The company provides its customers with the prime liquidity and it is characterized by improved execution without the intervention of dealing.
This summary outlines the figures of the FxPro, which will help to make the right decision when choosing a broker:
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the company's capital - €100,000,000 (level 1);
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retail and institutional clients in more than 170 countries;
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over 85 international awards;
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4 trading platforms;
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7 international sponsorship projects;
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6 asset classes;
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execution speed — <14 ms;
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more than 7,000 orders executed in 1 second.
FxPro — the Best Choice for Investing
Ongoing research and development is a major focus of this broker. This results in key advantages such as ultra-fast execution. FxPro is constantly improving services that meet the most stringent customer needs. Traders, regardless of their experience and training level, are assisted in their activities by educational materials that are provided and multilingual support from the company’s specialists.
They keep abreast of customer needs and implementing the latest developments has allowed the broker to remain among the best brokerage companies in the industry for more than fifteen years. Year after year FxPro proves its reputation as one of the most stable and reliable financial companies in the world.
FxPro is regularly introducing new technological developments into platforms and order processing system. The company positions itself as an NDD (No Dealing Desk) broker, that is, it uses a non-dealing model for executing trades on a mixed STP/ECN system, but at the same time it lacks an element of anonymous communication between executing counterparties. This means that traders get the best price. 86% of orders are executed without slippage and 98% of orders are executed without requotes.
Additional services offered by FxPro:
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VPS server. Installing the platform on VPS allows users to continue trading in case of disconnection (electricity or internet shutdown). Also, VPS is used for algorithmic trading.
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2-level education system, which includes a basic stage for novice traders and an advanced stage for more experienced traders.
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FxPro app. This is a mobile app with an advanced charting toolkit and unified account management system.
Advantages:
the ability to hone the strategy and test the trading adviser by opening an FXPro MT4 account and gaining access to interbank liquidity. There are low and moderate spreads, and no commission on this account;
negative trader balance insurance;
wide selection of trading platforms;
additional free services for VIP clients;
segregated accounts;
wide range of deposit and withdrawal options;
learning from experienced professionals;
6 asset classes;
narrow spread. Available at the broker - accounts with a fixed and floating spread ;
there is free analytics, news, calculator, and calendar features.
User Satisfaction