FxPro — Forex Broker Rating and Review 2020

FxProFxPro Financial Services Ltd website
Status
Regulation CySEC, FCA, FSB, DFSA, SCB
Trading software MT4, MT5, cTrader, FxPro Edge
Headquartered 13/14 Basinghall Street, City of London, EC2V 5BQ, United Kingdom

FxPro has been operating since 2006. For 12 active years, it confidently became one of the world's leading Forex and CFD broker. An impressive list of more than 60 international awards is constantly being updated, and the number of loyal customers is increasing on a daily basis.

According to an internal research, 70% of FxPro traders are ready to recommend the company to their colleagues and acquaintances. Such strong relationships are based on the absence of a conflict of interest. FxPro is an NDD broker, which means that all orders are executed without dealing intervention and with ultra-low latency data centres in London and Amsterdam. Our trading servers are co-located and connected to Tier-1 banks that provide liquidity through our proprietary aggregator Quotix.

As a result, we are able to offer the best ‘bid and ask’ prices possible in conjunction with dynamic leverage and 24/5 support.


FxPro Awards

By 2019, FxPro has gained 60+ international awards. The most recent ones include “Most reliable broker of the year” (2019, International Investor), “Most Trusted Forex Brand” (2018, Global Brands), “Best FX Broker” (2018, Shares Awards), “Best Forex Technical Excellence” and “Best Forex Trading Experience” (2018, UK Forex Awards).

Each prize is an appraisal of the hard work that’s been put in by developers and data analysts of the company. Their main task was to create flawless easy to use products that are in demand by traders around the world and they have exceeded all expectations.


FxPro Regulations

Clients who have been trading with FxPro for years are very familiar with our reliability, that’s backed by our 5 licenses of the world's leading financial regulators and by our global presence in Cyprus, the Bahamas, Great Britain, Monaco, and Dubai.

FxPro Group Limited is the holding company of:

  • FxPro UK Limited, authorised and regulated by the Financial Conduct Authority (registration no. 509956).
  • FxPro Global Markets MENA Limited, authorised and regulated by the Dubai Financial Services Authority (reference no. F003333).
  • FxPro Financial Services Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) and authorised by the Financial Sector Conduct Authority ('FSCA') (authorisation no. 45052).
  • FxPro Global Markets Ltd, authorised and regulated by the SCB (license no. SIA-F184).

Furthermore, traders from the UK and the EEA are protected under the Financial Services Compensation Scheme (FSCS) and Investors Compensation scheme respectively.


FxPro Trading Platforms

The company provides access to financial markets via 4 of the world's most popular trading platforms. Clients can register trading accounts as well as a Demo account in ... currencies with a leverage of up to 1: 500 and spreads from ... on the following platforms:

  • MetaTrader 4
  • MetaTrader 5
  • FxPro cTrader
  • FxPro Edge

MetaTrader 4 (MT4)

MT4 combines an intuitive user interface with a customisable feature-rich environment. It provides everything a trader needs from chart assets, place orders, to managing of positions and creating algorithmic or manual trading.

  • Assets: Forex, Metals, Shares, Indices, Energies and Futures
  • No partial fills
  • EA trading facilities
  • Micro-lots available

MetaTrader 5 (MT5)

MT5 supports additional technical indicators, has an extended line of 21 timeframes, allows for up to 100 charts to be open simultaneously, and is also available in several versions, including a web-based platform which allows to trade without any software installation.

FxPro was honoured as the “Best MT5 Broker” twice (in 2015 & 2016 by the UK Forex Awards), and rightfully so, due to these available features:

  • A minimum deposit of $100
  • Assets for trading: Forex, Futures, Energies, Metals, and Indices
  • Instant and Market Execution
  • EAs supported

FxPro cTrader

The cTrader platform is the choice of our professional clients. It allows to view in-depth market information, optimize your trading, the platform has no requotes, and uses modern algorithmic strategies. Being ultra-fast and ultra-convenient, it offers spreads from 0 pips – this is our most advanced platform to date.

  • Spreads from 0 pips
  • In-depth market information
  • No restrictions on stop/limit levels
  • Full Market Execution

FxPro Edge (Beta)

FxPro Edge is the latest addition to our platform offering. It provides investors with a new way to trade the markets in the form of Spread Betting. It is a highly customisable web-based platform, which enables traders to place their orders without the need to download and install any additional software.

Spread Betting is only available to clients of FxPro UK Limited that reside in the United Kingdom. FxPro Edge (Beta) is available for all demo users.

  • Forex, Shares, Spot Indices, Spot Metals and Spot Energies
  • Limited Risk Account at no additional cost
  • No commission
  • Tight spreads
  • Tax-free (tax laws are subject to change and depend on individual circumstances)

All platforms are also presented as applications for Android and iOS. As well as that, FxPro offers various mobile tools that streamline trading experiences. By reducing unnecessary features and focusing on the essentials, we have created tools that put the client in the centre of the action with only their mobile device. These mobile apps allow traders to top up their accounts or open new ones, stay up to date with economic news and place market positions. A laptop is no longer needed to trade, as FxPro made it all possible directly via a mobile device. 

Mobile applications

It is not a secret that the aim of trading is making profit, and the broker’s job is to create an environment where clients will not be distracted and will be able to quickly focus on making decisions, building their strategies accurately. To that end there are certain objectives that need to be met:  

  • Convenience of trading;
  • Clients shouldn’t be concerned with non-market risks;
  • They should have all the necessary analytical tools at their fingertips.

Taking main industry trends into account, our team determined which elements of trading technology were used most frequently by our clients and created “FxPro Tools” - a very useful browser extension for Chrome, Safari, Mozilla and Opera. FxPro Tools offers real-time quotes, economic calendar, daily insights and analysis as well as FxPro Calculators that allow users to work out the required margin, pip value and swaps along with performing live currency conversions.

The desktop version is available at fxpro.com and the mobile applications for iOs and Android are available for download on your mobile device.

Another high-end application is “FxPro Direct” – the trading account management app. At its core is the FxPro Wallet, which keeps the clients’ funds from participating in the trading process and safe from market risks. It can be topped up via a Bank Transfer, Neteller, Skrill, NganLuong or Bank Cards. All these payment methods have 0% commission.

Both mobile applications are connected by internal easy-to-use transition buttons.


FxPro Trading Conditions

Our clients can trade 270+ assets:

  • 70 currency pairs – the most popular instruments involve major global currencies and experience the highest trading volumes as well as liquidity;
  • 55 shares of the major American, British, French and German companies;
  • 20 futures – instruments that allow speculations on a wide range of commodities, indices, and energies;
  • 24 spot indices – each one is a combined value of global companies’ stocks;  
  • 7 spot metals, which offer new trading opportunities;
  • 3 spot energies – Brent Crude Oil, WTI and Natural Gas.

All these assets are presented as CFDs (Contracts for difference) – a derivative instrument that allows traders to speculate on the changing values of the underlying assets without having to take ownership of them.

On all our platforms, we offer:

  • competitive floating spreads;
  • no commissions on MT4/MT5 accounts;
  • a variety of low rates;
  • special MT4 Fixed Spread account.

cTrader accounts have a commission of $45 for every $1’000’000 traded. Nevertheless, even with the commission charges, the spreads are extremely competitive:

As previously mentioned, FxPro Wallet is a top-notch money and risk management tool. One can transfer funds between FxPro Wallet and trading accounts anytime, keeping the remaining balance safe from unexpected market movements, but at the same time always available for trading.


Payment methods

Bank Transfer, Broker to Broker, Visa, PayPall, Skrill, Neteller, NganLuong Union Pay

FxPro Bonuses & Promotions

Note that FxPro does not charge for bank wire transactions. However, the banks may charge a commission in accordance with their fee structure. All clients’ funds are protected by 2 separate compensation schemes.

Due to current regulatory requirements, FxPro does not offer any kind of bonuses or promotional offers. We believe that confidence in a broker, certification of its legal activities and impeccable reputation is far more important than a potential virtual bonus that merely encourages gambling and impulsive behaviour, rather than rational and well-informed decisions.


Global collaborations

FxPro has invested approximately $121,000,000 in sports partnerships and various sporting events. Amongst others, we have sponsored three “Formula1” teams, four major league international football clubs, two rally championships and more than 22 other sporting events. We are incredibly proud to be involved in a wide range of collaborations with similar-minded people who share our ambition for development and growth. FxPro has been the official partner of the McLaren F1TM Team since 2018, official and main sponsor of Watford FC since 2017 and has been in partnership with Yacht Club de Monaco since 2016.  

Pros

  • 4 trading platforms
  • 270+ trading instruments
  • 5 international licenses
  • 24 customer support languages
  • Spreads from 0 pips

Cons

  • No promotional bonuses

FxPro trading information

WWW https://www.fxpro.com/
Address 13/14 Basinghall Street, City of London, EC2V 5BQ, United Kingdom
Headquarters London
Free phone +44 (0) 203 151 5550
24 hour support
Partnership programs
Expert advisors
Free education
Trading by phone
Mobile trading
Automated trading
Demo account
Swaps
24 hour trading
Scalping
Hedging
Commissions
Digits after the dot in quotes 5
Minimum position size 0.1
Pip spread on majors 0.5-1.3
Spread Type variable
Leverage 500
STP, $
ECN, $ 100
Standard account, $ 100
Micro account, $
Popular payment methods Credit Cards, Wire Transfer, PayPal, Neteller, Moneybookers
Account currencies EUR, USD, GBP, CHF, JPY, PLN, AUD, ZAR
Other instruments CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies, сryptocurrencies
Languages Arabic, Chinese, Czech, English, French, German, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese, Hindi, Urdu, Indonesian, Malay, Swiss, Australian, Argentinean
Platforms MT4, MT5, cTrader, FxPro Edge
Broker type Broker, NDD
Regulation CySEC, FCA, FSB, DFSA, SCB
Foundation 2006
Bitcoin Forex Brokers

Time-tested broker. I can say fxpro is not a scam and overall the pros far outweigh the cons. They provide quite good conditions.

Miron   23 December, 2019  

With fxpro help, I've become a trader. Their website contains a large number of useful materials and the demo account is excellent. I almost did not notice the difference when moving to the real account. My cooperation with fxpro lasts already over 2,5 years and now trading is the important source of my income.

Sidor   16 December, 2019  

Pros: Good choice of currency pairs & CFDs, professional customer support team, good range of trading accounts, fast deposit and withdrawal process. Cons: quite large depo for the newbie.

Samson   26 November, 2019  

Big and reliable broker. Deposit and withdrawal don't take too much time. The trading process is very comfortable. I have no claims for execution and customer support. Highly recommend both for novice and advanced traders.

Clint   19 November, 2019  

I like fxPro because they've been around as a main broker forever, but there are better conditions available for less money around. And as my strategy needs low costs and no restrictions I choose a broker that is smaller, but can deliver, which is Yadix Broker, they offer true STP with no restrictions on market distances, no open order limits and better spreads.

Rich   18 October, 2019  

With FxPro my incomes have doubled. They honestly fulfil all the conditions. Orders are executed rather quickly. There is no strong slippages and requotes. And they do not prohibit trade with advisors and scalping. This is very important for me.

Rus   17 October, 2019  

Compared to other Forex brokers, I think that FxPro is better at least because of their good costumer support and conditions. They will not leave you unattended and very easy to start an account.

Andrew   17 October, 2019  

I started trading with fxpro as a beginner 2 years ago. Until now, I'm still with this broker, because they are giving a lot of opportunities for profitable trading. You can try trading forex without any risk and check their trading conditions on free demo-accounts. And they offer a lot of studying materials to improve your trading skills. IMHO, FXPRO is professional and honest broker. Reliability that is proved by the time.

Valerian   4 October, 2019  

FxPro is an old reliable broker that works without muddy schemes like many other brokers. For three years of trade with them, disputes did not arise. They do not drain customers' deposits, always withdraw profit on time. Support is up to par. I give them 8 on a 10 point scale. I hope that in the future everything will be at least no worse.

George   3 October, 2019  

Now, by and large, all companies are very similar in terms of the proposed trading conditions. I settled on Fxpro primarily because they have been on the market for a long time, for more than 10 years already they have serious regulation and a number of solid prizes and awards. They provide good performance and, unlike most, normally withdraw profit.

Jack   30 September, 2019  
All Reviews & Comments
FxPro Rating and Review

FxPro Rating

89 %   11 %


FxPro Reviews Rating

Reviews Rating FxPro - 5

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