FxPro Review

Overall, FxPro is a trustworthy and highly regulated Forex Broker that is very well-known for its competitive spreads and innovative trading tools. The Broker offers access to a Beginner Friendly Demo Account and has a trust score of 94 out of 99.

🛡️Regulated and trusted by FCA, CySEC, FSCA, SCB, and, the FSA
🛡️2982 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

Overview

FxPro has been providing exceptional online trading services since 1999, catering to both retail and institutional clients across 173 countries. Offering Contracts for Difference (CFDs) on 6 asset classes, including Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energy, FxPro provides access to top-tier liquidity and advanced trade execution, ensuring no dealing desk intervention.

With a capital base of over $120 million, FxPro operates under the highest regulatory standards and is authorized by the Financial Conduct Authority (FCA) in the UK, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of The Bahamas (SCB), ensuring a secure and transparent environment for traders.

Frequently Asked Questions

What asset classes does FxPro offer for trading?

FxPro offers CFDs on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energy.

What regulatory bodies oversee FxPro?

FxPro is regulated by the FCA (UK), FSCA (South Africa), and SCB (The Bahamas), ensuring strict adherence to industry standards.

How long has FxPro been in the trading industry?

FxPro has over 26 years of experience, providing online trading services since 1999.

What is FxPro’s capital base?

FxPro maintains a Tier 1 capital base of over $120 million to ensure financial stability and security for its clients.

Our Insights

With robust regulatory oversight from top authorities including the FCA, CySEC, FSCA, and SCB, traders benefit from a secure and well-regulated trading environment.

FxPro’s commitment to client education and support through comprehensive resources and demo accounts further enhances its appeal for both new and experienced traders.

Detailed Summary

Frequently Asked Questions

What trading platforms does FxPro offer?

FxPro provides multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, catering to various trading styles and strategies.

Are there any deposit or withdrawal fees on FxPro?

FxPro does not charge fees for deposits or withdrawals; however, third-party payment providers may charge their fees.

Can I use automated trading with FxPro?

Yes, FxPro supports automated trading via Expert Advisors (EAs) on MT4 and MT5, as well as through other third-party tools like cAlgo on cTrader.

What is the minimum deposit required to start trading with FxPro?

The minimum deposit required to open an account with FxPro varies depending on the account type, but generally, it is around $100.

Our Insights

Offering a broad range of CFDs across six asset classes—Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energy—FxPro provides access to deep liquidity and ultra-fast trade execution. The platform’s advanced trading tools, multiple platforms (MT4, MT5, cTrader), and automated trading options cater to both novice and experienced traders.

Safety and Security

FxPro prioritizes client security by strictly separating client funds from operational capital, ensuring investments are held in individual accounts at major global banks. It complies with stringent regulations from bodies like the FCA and CySEC, maintaining high operational integrity. FxPro also uses advanced SSL encryption to protect personal and financial data from unauthorized access. Additionally, negative balance protection is provided to shield clients from losses exceeding their initial deposit, crucial in volatile markets.

Frequently Asked Questions

How does FxPro protect client funds?

FxPro ensures client funds are kept separate from its operational capital by holding investments in individual accounts at major global banks. This separation helps safeguard client money from potential financial issues within the company.

What regulatory bodies oversee FxPro?

FxPro is regulated by several esteemed agencies, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and others.

How does FxPro ensure operational integrity?

FxPro adheres to strict regulatory standards set by its overseeing agencies, maintaining exceptional operational integrity and client safety.

What encryption technology does FxPro use to protect personal data?

FxPro employs advanced Secure Socket Layer (SSL) technology to encrypt all personal and financial information exchanged between clients and its servers, preventing unauthorized access.

Our Insights

FxPro is a highly reliable and trusted broker with a solid reputation in the online trading industry. With over 26 years of experience, strict regulatory oversight, and a wide range of asset classes available, it is an excellent choice for traders looking for transparency, security, and advanced trading features. Whether you’re a retail or institutional trader, FxPro’s competitive pricing, deep liquidity, and award-winning execution make it a standout choice in the global trading landscape.

Minimum Deposit and Account Types

FxPro offers a variety of account types designed to cater to different trading needs. These account types include Standard, Raw+, and Elite, each with its trading conditions, features, and minimum deposit requirements. The Standard account is ideal for beginners, offering low floating spreads and fast execution with a $100 minimum deposit.

The Raw+ account is designed for more experienced traders, featuring razor-sharp spreads starting at zero, with a $500 minimum deposit and commissions. The Elite account, tailored for professional traders, includes additional rebates and VIP perks, requiring a $1,000 minimum deposit.

Frequently Asked Questions

What are the minimum deposit requirements for each account type?

The minimum deposit for the Standard account is $100, the Raw+ account requires $500, and the Elite account has a $1,000 minimum deposit.

What are the benefits of the Raw+ and Elite accounts over the Standard account?

The Raw+ account offers razor-sharp spreads starting at zero and applies a commission per side, making it ideal for active traders. The Elite account provides all the Raw+ features with added rebates and VIP perks.

Can I upgrade my account from Standard to Raw+ or Elite later?

Yes, you can upgrade your account at any time by meeting the minimum deposit requirements for the higher-tier accounts.

Do I need a large deposit to start trading on FxPro?

No, the Standard account allows you to start trading with a low deposit of just $100, while higher-tier accounts require larger deposits for more advanced features.

Our Insights

FxPro provides a flexible range of account types to accommodate traders of all levels, from beginners to professionals. The variety in account features, such as rebates, low spreads, and VIP perks, ensures that traders can choose an account that matches their trading style and capital.

The low minimum deposit for the Standard account makes it an attractive option for those just getting started.

How To Open an Account

To register an account with FxPro, follow these steps:

1. Step 1: Start the Registration Process.

Begin the process by going to the FxPro website and browsing the registration page After submitting the initial form, check your email for a confirmation pin.

2. Step 2: Complete The Questionnaire.

You will next be prompted to complete a questionnaire about your financial knowledge and trading experience. Choose your favorite trading platform from the alternatives available.

3. Step 3: Meet regulatory requirements

To meet regulatory requirements, submit a clear copy of your government-issued ID or passport. You will get confirmation from FxPro after your papers have been successfully verified and your account approved.

Finally, after your account has been funded, you may begin trading by accessing FxPro’s wide variety of financial products via your preferred platform.

Trading Platforms and Software

FxPro supports several industry-leading trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and their proprietary FxPro platform. Each platform offers distinct features, such as automated trading, advanced charting tools, and integration with Trading Central.

MetaTrader 4 and 5 are widely recognized for their ease of use, customizability, and vast support for trading indicators and automated strategies. cTrader provides a sleek interface with additional trading features like advanced take-profit and break-even stop-loss tools.

FxPro’s proprietary platform is suitable for traders who prefer a streamlined, easy-to-use interface with solid trading functionalities.

Frequently Asked Questions

Which platforms can I trade on with FxPro?

FxPro offers four platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and their proprietary FxPro platform.

Are the platforms suitable for beginners?

Yes, FxPro’s platforms are suitable for both beginners and experienced traders, with easy-to-use interfaces and advanced features.

What advanced features do cTrader and MetaTrader 5 offer?

cTrader offers advanced take-profit and break-even stop-loss tools, while MetaTrader 5 provides additional timeframes, order types, and a deeper market view.

Can I use automated trading on FxPro’s platforms?

Yes, all FxPro platforms support automated trading via Expert Advisors (EAs) and algorithmic strategies.

Our Insights

FxPro provides a comprehensive selection of trading platforms that cater to various trader preferences. Whether you’re a beginner looking for simplicity or an advanced trader requiring in-depth tools, FxPro has a platform that meets your needs. The availability of popular platforms like MT4 and MT5, alongside cTrader, ensures flexibility for traders to choose what works best for them.

Fees, Spreads, and, Commissions

FxPro offers competitive fees, spreads, and commissions that vary by account type and trading instruments. The Standard account features floating spreads starting from 1.2 pips with no commission charges, while the Raw+ account offers spreads starting at zero, with a commission of $3.5 per side for forex trades. The Elite account has similar conditions to the Raw+ account but also includes exclusive rebates starting from $1.50 per lot.

These fee structures provide flexibility depending on your trading style, with lower commissions and tighter spreads for more active traders and higher-tier accounts.

Frequently Asked Questions

What are the typical spreads offered by FxPro?

FxPro offers competitive spreads that vary by account type and financial instrument. The Pro Account features ultra-low spreads starting at 0.6 pips, while the Standard Account has wider spreads starting from around 1.2 pips for popular currency pairs like EUR/USD.

Are there any commissions on FxPro accounts?

The Standard and Pro Accounts do not have commission fees; the cost is included in the spread. However, the Raw+ and ECN Accounts feature zero-pip spreads but charge a commission starting at $3.5 per side, depending on the traded instrument.

What are overnight fees at FxPro?

FxPro charges overnight fees for positions held open after the trading day ends. The fee amount varies based on the instrument and position type (long or short), and it is derived from interbank interest rates.

Are there any fees for deposits and withdrawals?

FxPro does not charge fees for deposits or withdrawals. However, traders should check with their payment service providers or banks for any potential fees that may apply.

Our Insights

FxPro offers competitive spreads and transparent pricing across its account types, with no commissions on the Standard and Pro Accounts, and low commissions on the Raw+ and ECN Accounts. Traders benefit from no deposit or withdrawal fees, and clear information on overnight and currency conversion fees. This user-friendly approach ensures traders can manage their funds efficiently and focus on their trading strategies.

Which Markets Can You Trade?

FxPro offers a wide variety of trading instruments and products, including:

• 70+ currency pairs
• 24 futures contracts
• 19 spot market indices
• Over 2,000 stock CFDs
• Seven precious metals
• Three spot energy commodities

FxPro also supports trading in more than 18 cryptocurrencies, though this feature is not available to retail clients of FxPro UK Ltd.

Frequently Asked Questions

What currency pairs can I trade with FxPro?

FxPro offers more than 70 currency pairs, providing a broad range of options for forex traders.

What futures contracts are available on FxPro?

FxPro gives traders access to 24 futures contracts, enabling participation in various futures markets.

How many spot market indices can I trade?

FxPro offers 19 spot market indices, allowing traders to invest in leading global indices.

How many stock CFDs are available for trading?

With over 2,000 stock CFDs available, FxPro covers a wide selection of companies and sectors.

Our Insights

FxPro offers a diverse selection of trading instruments, including 70+ currency pairs, 24 futures contracts, 19 spot market indices, over 2,000 stock CFDs, seven precious metals, and three spot energy commodities. Additionally, traders can access more than 18 cryptocurrencies, though this is not available to retail clients of FxPro UK Ltd.

Leverage and Margin

FxPro provides flexible leverage, enabling traders to control larger positions relative to their initial investment. Retail clients can access leverage up to 1:200 on major forex pairs, while qualified professionals may be eligible for even higher ratios. While leverage can boost potential profits, it also raises the risk of losses that can surpass the initial investment.

For instance, with a 1:200 leverage on EUR/USD, a margin of $500 is required to control 1 lot (100,000 units) at an exchange rate of 1.13798.

Frequently Asked Questions

What leverage options does FxPro offer?

FxPro offers flexible leverage options, allowing retail clients to use leverage up to 1:200 on major forex pairs. Higher leverage ratios are available for qualified professionals.

How does leverage work?

Leverage enables traders to take larger positions than their initial capital by borrowing funds. For example, with 1:200 leverage, a $500 margin controls 1 lot (100,000 units) of EUR/USD.

What are the risks associated with leverage?

Leverage can increase profits, but it also elevates the risk of losses that may exceed the initial investment. Traders should exercise caution and understand the risks involved.

How is the required margin calculated?

The margin required for a leveraged position depends on the leverage ratio and trade size. For instance, a $500 margin is needed to control 1 lot (100,000 units) of EUR/USD with a 1:200 leverage ratio.

Our Insights

FxPro offers flexible leverage options of up to 1:200 for retail clients, enabling traders to manage larger positions with a smaller initial investment. While leverage can amplify potential profits, it also heightens the risk of significant losses, so it should be used with caution.

Deposit and Withdrawal

FxPro offers a variety of convenient methods for both deposits and withdrawals to accommodate different preferences. Whether you prefer traditional bank wires, credit/debit cards, or modern e-wallets, the process is designed for simplicity and efficiency. With clear instructions for each method, users can easily manage their funds and ensure quick transactions.

Deposits are typically processed within one working day, while withdrawal methods provide flexibility, with options to transfer funds back to your preferred payment method, whether that’s a bank wire, card, or e-wallet.

Frequently Asked Questions

What deposit methods does FxPro offer?

FxPro offers several deposit options including bank wire transfers, credit/debit cards, and e-wallets, all accessible through your FxPro Direct account.

How do I deposit via bank wire?

Log into your FxPro Direct account, go to the ‘Deposit’ section, select ‘Bank Transfer,’ and follow the instructions to obtain FxPro’s bank details. Use this information to initiate a wire transfer from your bank. Deposits typically reflect within one working day.

Can I deposit funds using a credit or debit card?

Yes, you can. Just log into your FxPro Direct account, go to the ‘Deposit’ area, choose ‘Credit/Debit Card,’ enter the deposit amount, and input your card details to complete the transaction.

How do I deposit using an e-wallet?

To deposit via an e-wallet, sign in to your FxPro Direct account, click on the ‘Deposit’ tab, select your preferred e-wallet, enter the deposit amount, and complete the transaction on the e-wallet’s website.

Our Insights

FxPro offers a wide range of deposit and withdrawal options, including bank wires, credit/debit cards, and e-wallets, providing flexibility and ease for traders. The straightforward processes and efficient processing times ensure that users can manage their funds smoothly, making it a user-friendly choice for managing transactions.

Educational Resources

FxPro offers the following educational resources:

• Nine interactive online courses geared at novices.
• Four courses explore fundamental analysis’s complexities.
• Five courses that walk traders through technical analysis topics.
• Four courses cover the mental and emotional elements of trading

Topics such as the sunk cost fallacy and the escalation of commitment are discussed, assisting traders in understanding the psychological dangers that might influence trading decisions.

Frequently Asked Questions

What educational resources does FxPro offer for beginners?

FxPro provides nine interactive online courses specifically designed for novice traders to help them get started and build foundational trading skills.

Are there courses on fundamental analysis?

FxPro offers four courses that delve into the complexities of fundamental analysis, helping traders understand market influences and economic indicators.

Does FxPro provide training on technical analysis?

FxPro offers five courses that cover various aspects of technical analysis, equipping traders with tools and techniques to analyze market trends and make informed decisions.

What resources are available on trading psychology?

FxPro provides four courses focused on the mental and emotional aspects of trading. These courses discuss psychological concepts such as the sunk cost fallacy and escalation of commitment, helping traders recognize and manage psychological biases that may affect their trading decisions.

Our Insights

FxPro offers a comprehensive range of educational resources, including courses on fundamental and technical analysis, as well as trading psychology. These tools are designed to enhance traders’ skills and knowledge, helping them make more informed and effective trading decisions.

Customer Reviews

🥇 Impressed!

I’ve been trading with FxPro for over a year, and I’ve been impressed with their range of educational resources. The courses on technical analysis have significantly improved my trading strategies. The trading platforms are user-friendly, and the customer service has been responsive whenever I’ve had questions. The only downside is that the spreads can be a bit wide on some accounts, but overall, it’s a solid choice for both new and experienced traders. – Alex

🥈 Excellent!

FxPro has been a game-changer for me. The variety of trading instruments they offer is fantastic, and their platforms are top-notch. I particularly appreciate the educational resources—they helped me understand both fundamental and technical analysis better. Deposits and withdrawals are straightforward with no hidden fees. The leverage options are also quite flexible, which has allowed me to optimize my trades effectively. Highly recommend FxPro to anyone serious about trading. – Sophie

🥉 Happy Client. 

FxPro offers a decent trading experience, but some areas could use improvement. While the range of markets and instruments is impressive, I’ve faced occasional delays in processing withdrawals. The educational resources are good, but I would like to see more advanced content for experienced traders. Overall, it’s a reliable broker, but there’s room for enhancement in customer support and withdrawal speed. – Mark

Pros and Cons

You might also like:

• Minimum Deposit

References:

• Register with the Pros 
• About FxPro
• FAQs and Support 

In Conclusion

FxPro is a forex and CFD broker that caters to a wide range of traders, from beginners to experienced professionals. It provides diverse trading opportunities thanks to its extensive selection of financial products, including forex pairs, futures, indices, stocks, metals, and energy.

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