Your capital is at risk.
XPro Markets 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
- $250
- MT4
- WebTrader
- FSCA
- CySEC
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
- $250
- MT4
- WebTrader
- FSCA
- CySEC
Our Evaluation of XPro Markets
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
XPro Markets is a broker with higher-than-average risk and the TU Overall Score of 3.44 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by XPro Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
XPro Markets’ conditions are suitable for traders who use classic accounts with NDD (no dealing desk) execution to trade CFDs and Forex. Available instruments and sparse technology may be insufficient for professional traders. Novice traders can find it difficult to start trading on standard account types since they need cent accounts to enter real markets with minimum losses.
Brief Look at XPro Markets
XPro Markets offers trading over 45 currency pairs with leverage up to 1:400. It also provides for trading stocks of the world’s major companies, global stock indices, cryptocurrencies, precious metals, and commodities. Five account types and a convenient trading platform are available. Additionally, the company offers its proprietary platform designed for active trading and quality technical analysis.
- 6 asset classes, all with leverage;
- Negative balance protection;
- 24/7 multilingual support;
- Leverage up to 1:400 for Forex and up to 1:200 for metals, indices, and commodities;
- Functional user account;
- Partnership and bonus programs.
- High trading and additional maintenance fees;
- Minimum deposit is $250;
- No ECN accounts for professionals and no cent accounts for novice traders.
TU Expert Advice
Financial expert and analyst at Traders Union
XPro Markets offers two options for trading. The first option is access to the Forex market using MetaTrader 4 (MT4), and the second one is trading in a web browser using the broker’s proprietary platform. To conduct quality technical and fundamental analyses, the company offers data from Trading Central, an economic calendar, and real-time price charts.
XPro Markets offers a diverse range of assets that include over 45 currency pairs, 100 stocks, 30 cryptocurrencies, and 15 indices including Dow 30, Nasdaq, and S&P 500. Traders also can earn from the fluctuations in gold, silver, platinum, and palladium prices. All these are traded in pairs with USD, while gold and silver are also paired with EUR. Also, trades with over 20 commodities, such as energies, Brent and WTI oil, NGAS, as well as futures for cocoa, coffee, cotton, and copper are available.
There are two major disadvantages of XPro Markets. The first minus is the lack of the optimal environment for novice traders since there are no cent accounts and the minimum deposit is $250. The second disadvantage is the high fees. The minimum spread for the EUR/USD pair is 0.9-2.5 pips subject to the account type. The average spread is 1.8 pips. Such conditions cannot be called the most profitable for traders.
XPro Markets Summary
Your capital is at risk. Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. XPro Markets and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MT4 and WebTrader |
|---|---|
| 📊 Accounts: | Demo, Classic, Silver, Gold, Platinum, and VIP |
| 💰 Account currency: | USD, EUR, GBP, and CHF |
| 💵 Replenishment / Withdrawal: | Bank cards, bank transfers, e-wallets, and cryptocurrencies |
| 🚀 Minimum deposit: | $250 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.03 pips |
| 🔧 Instruments: | Currency pairs, metals, indices, cryptocurrencies, commodities, and stocks |
| 💹 Margin Call / Stop Out: | 100%/20% |
| 🏛 Liquidity provider: | Own providers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market and NDD |
| ⭐ Trading features: | Maintenance fee is charged even without trading activities |
| 🎁 Contests and bonuses: | Bonus Plan |
XPro Markets provides for trading currencies, cryptocurrencies, metals, and commodities. Over 160 instruments with leverage of 1:5-1:400 subject to the asset, are available. Account currencies are USD, EUR, GBP, and CHF, which provide for funding trading accounts without conversion fees. Classic MT4 and its proprietary WebTrader are available.
XPro Markets Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Trading Account Opening
To start using a user account on the XPro Markets website, register with this broker by following the instructions below:
Go to the official XPro Markets website. Click the “Create Account” button on any page or go to the home page of the website and click the “Start Trading Now” button.
Enter your first and last names, phone number, email address, and provide a photo of a valid ID document and proof of residence. Also, upload a color image of both sides of your bank card, where the first 6 and last 4 digits of the number are clearly visible (your CVV number is not required). If you are going to use an e-wallet for monetary transactions, send a screenshot indicating the owner’s name and email.
Features of XPro Markets’ user account:
Additional features of XPro Markets’ user account allow you to:
-
Upload documents to confirm your identity and residence;
-
Trade and conduct market analysis in WebTrader;
-
View transaction history;
-
Open demo accounts;
-
Contact technical support via live chat;
-
Set up and receive alerts by phone, SMS, email, or push notifications;
-
Correct personal data and change your password.
Regulation and safety
The XPro Markets brand is owned by Ukuchuma Financial Services (Pty) Ltd. Its activities are supervised by the Financial Sector Conduct Authority (FSCA), the most authoritative regulator in South Africa. The license number is FSP 32535.
Also, the XPro Markets website states that the broker belongs to the IGM Forex Ltd group of companies, which is regulated by CySEC (Cyprus Securities and Exchange Commission). To provide its clients with the proper security measures and advanced encryption technologies, 128-bit SSL is used. All client funds are held in separate accounts with reliable financial institutions.
Advantages
- Regulation ensures safety of the broker’s client funds
- To keep its license, the company has to fulfill all its obligations under the contract
- Negative balance protection on all account types is available
Disadvantages
- To register a user account, verification is required
- The broker doesn’t have its own risk insurance programs
- XPro Markets doesn't participate in any compensation schemes
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Classic | $25 | 0%-3.5%/$30/€30/JPY 4,200 |
| Silver | $0.7 | 0%-3.5%/$30/€30/JPY 4,200 |
| Gold | $0.5 | 0%-3.5%/$30/€30/JPY 4,200 |
| Platinum | $0.3 | 0%-3.5%/$30/€30/JPY 4,200 |
| VIP | $9 | 0%-3.5%/$30/€30/JPY 4,200 |
Swaps are charged for transferring positions overnight. They are fixed for commodities and indices.
The comparative table below shows the average fees for XPro Markets and two other Forex brokers that are popular among millions of traders worldwide.
| Broker | Average commission | Level |
|---|---|---|
|
$7.1 | |
|
$1 | |
|
$8.5 |
Account types
XPro Markets offers 5 account types that differ in fees, execution speeds, and additional benefits. Leverage and the choice of assets are the same for all account types. Traders can have several accounts in different currencies.
Account types:
A demo account is available upon verification.
XPro Markets offers a good choice of trading instruments and high leverage. However, its spreads are higher than those of other Forex brokers. The company conducts regulated activities, thus differing from its competitors in a high level of reliability.
Deposit and Withdrawal
-
Withdrawals take 8-10 business days of submitting the request in the user account. Payment speed depends on the client’s local bank or the regulations of the selected electronic system;
-
The minimum withdrawal amount is $100 for a bank transfer and $10 for a bank card. If traders use e-wallets, they can withdraw any amount that covers the fee of a payment system;
-
If clients’ user accounts are verified and they have opened at least one trade before requesting funds, the first withdrawal is free. If these conditions are not met, the fee is $10, €10, or JPY 1,500. Starting from the second withdrawal, the fee is 3.5% for any type of bank card and e-wallets, and $30/€30/JPY 4,200 for wire transfers.
Investment Options
XPro Markets doesn’t offer investment services that can be used for earning passive income. The broker doesn’t provide for investing in PAMM and MAM accounts or ready-made asset portfolios. The proprietary WebTrader doesn’t support algorithmic or social trading, therefore this platform is suitable only for active trading.
If the broker’s clients want to make passive income, they can use MetaTrader 4 which offers such popular services. The first one is the copy trading platform that provides for copying signals of experienced MT4 users. The second service is installing expert advisors (EAs), which are special programs for trading according to set parameters.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Partnership programs from XPro Markets:
The company offers three types of partnership. Its clients can earn from referrals, which is when newcomers register with the broker using a referral link and get verified. The second option is to earn from trading, when partners are paid rebates for trading fees from referees. The third option is individual plans that are available to the most efficient partners.
Customer support
Clients and guests of the website can request assistance at any time since support is available 24/7. Responses by email are received within 24 hours.
Advantages
- Live chat operators are available 24/7
- Managers can be contacted by phone
Disadvantages
- No call back option
- Chat operators can take up to 10 minutes to respond
To contact support, use:
-
live chat;
-
telephone numbers;
-
email;
-
feedback form.
Non-clients of the broker do not have access to all information. XPro Markets’ representatives only provide complete answers to clients with active trading accounts.
Contacts
| Registration address | Ukuchuma Financial Services (Pty) Ltd, Office 1-14 1st floor, Workshop 17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa |
|---|---|
| Regulation | FSCA, CySEC |
| Official site | https://www.xpromarkets.com/ |
| Contacts |
+27870948672;
+27101573383 |
Education
The XPro Markets website doesn’t provide articles or video tutorials for studying Forex trading. The company provides access to the educational course after opening a live account and making a minimum deposit. The website gives only a brief description of various markets and conditions for trading them using XPro Markets.
To make trading profitable, traders need trading skills. The demo account provides for developing your skills without financial losses.
Comparison of XPro Markets with other Brokers
| XPro Markets | RoboForex | Pocket Option | Exness | Eightcap | IC Markets | |
| Trading platform |
MT4, WebTrader | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | MT4, cTrader, MT5, TradingView |
| Min deposit | $250 | $10 | $5 | $10 | $100 | $200 |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:500 |
| 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 points |
| Level of margin call / stop out |
100% / 20% | 60% / 40% | 30% / 50% | No / 60% | 80% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of XPro Markets
XPro Markets is aimed at long-term relations with each client, therefore it constantly improves its services, expands the range of trading instruments, and partners with new banks and analytics providers. The company has developed a unique web platform with multiple analysis functions so that every new client can trade using advanced technical indicators.
XPro Markets by the numbers:
-
160+ trading instruments;
-
5 account types with a swap-free option;
-
Spreads are from 0.03 pips and a $0 fee on all Forex assets;
-
24/7 technical support.
XPro Markets promotes trading using your own and borrowed funds on classic and proprietary platforms
The company provides access to trading 6 asset classes and offers a wide choice of account types. Also, it offers borrowed funds in the form of leverage. Available leverage doesn’t depend on the account type. Leverage is up to 1:400 for currency pairs; up to 1:200 for indices, gold, silver, and other commodities; and up to 1:5 for stocks and cryptocurrencies. The minimum order is 0.01 lots on all account types, and the maximum is 50 lots. Execution speed depends on the account type, where the average speed for Classic, Silver, and VIP accounts, is 0.08; and for Gold and Platinum, it is 0.05.
XPro Markets provides for trading via MetaTrader 4 and the in-house WebTrader. MT4 supports all standard features, such as chart trading, algorithmic trading using EAs, and copy trading. WebTrader also provides for one-click trading, placing pending orders such as stop loss/take profit orders, and opening up to 4 charts at a time.
Useful services offered by XPro Markets:
-
Trading schedule. It provides the schedule of national holidays and information on how various assets are traded on these days, such as: regular hours, early exchange closings, and days off;
-
Trading Central data. Research, analytics, charts, newsfeeds, and many interesting market facts are available here;
-
Economic calendar. It helps traders to stay up to date with upcoming macroeconomic events and amend their trading strategies for optimal efficiency.
Advantages:
Advanced analytics, market data, and educational materials are free for all registered users;
The broker allows algorithmic trading and social trading on the MQL platform;
XPro Markets provides its services according to the rules of financial markets and regulations in South Africa and Cyprus;
Online and phone support promptly solve problems and give answers to all relevant questions.
Clients can’t lose more money than they’ve deposited to the user account’s wallet due to negative balance protection.
User Satisfaction