FxPro – Forex Broker Rating and Review 2021

FxProFxPro Financial Services Ltd website
Status
Regulation CySEC, FCA, FSCA, 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 15 active years, it confidently became one of the world's leading Forex and CFD broker. An impressive list of more than 80 international awards is constantly being updated, and the number of loyal customers is increasing on a daily basis. FxPro is regulated by CySEC, FCA, FSCA, SCB. The commany offers a range of assets including CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies and cryptocurrencies.

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 2020, FxPro has gained 80+ international awards. The most recent ones include "Best Forex Trading Platform, 2019", "Best FX Provider, 2020" and "Best in Class MetaTrader Broker, 2020".
.

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 4 licenses of the world's leading financial regulators and by our global presence in Cyprus, the Bahamas, Great Britain and Monaco.

FxPro Group Limited is the holding company of:

  • FxPro UK Limited, authorised and regulated by the Financial Conduct Authority (registration no. 509956).
  • 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: 200 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


Payment methods include Bank Transfer, Broker to Broker, Credit Cards - Visa, Maestro, MasterCard and American Express, 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
PAMM
Commissions
Digits after the dot in quotes 5
Minimum position size 0.1
Pip spread on majors 0.5-1.3
Spread Type variable
Maximum Leverage 200
ECN, $ 100
STP, $
Standard account, $ 100
Mini account, $
Popular payment methods Credit Cards, Wire Transfer, PayPal, Neteller
Account currencies EUR, USD, GBP, CHF, JPY, PLN, AUD, ZAR
Available assets CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies, *cryptocurrencies available only for SCB clients
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, FSCA, SCB
Foundation 2006
Bitcoin Forex Brokers

FxPro is a well-known broker with a huge amount of credibility. The broker works perfectly, trading conditions are one of the best you can find among others, regulated brokers. Don't read bullshit about frauds and money withdrawal delays. Just think how many people complain about bad service but lost money only because of their greed and fear.

Tim   4 March, 2021  

This broker offers a good platform, flexible trading conditions, fast withdrawals and good support. Never had problems with FxPro!

Marshall   2 March, 2021  

What I like about FxPro is that the company pays a lot of attention to customer comfort. The broker has many services for this purpose. In particular, it is a convenient mobile app, a wallet for protecting the deposit from trading risks and other possibilities. I will focus more on the wallet. I have never found such a service to protect my deposit from risks before. What is the essence of the FxPro Wallet? This is a separate depository for your funds from which you can transfer money to accounts in the company. For example, you've open one account in cTrader and one in MT5. Then, you deposit $500 into the Wallet and move the required amount to the desired account without risking the entire deposit. It's really convenient.

Christian Lindholm   27 February, 2021  

I am new to trading, registered with FxPro three months ago. I like this broker. It has many platforms, even for mobile! This is surprising. I trained for a long time on a demo account, but recently I discovered a real one. I only used cTrader (for a computer) and EDGE (for a mobile). I found out that you can create automated trading with a broker using VPS Hosting. Tell me how to register it?

Romai Dare   26 February, 2021  

I opened three accounts with this broker and trade on respectively three platforms: cTrader, Metatrader 4, and Metatrader 5. I use cTrader for scalping because here I can count on the tightest spreads. I hold long-term positions on Metatraders. I chose market execution for MTs. By the way, the quality of execution on three accounts is very good. I'm going to test my first withdrawal soon.

Emmanuel Bernard   25 February, 2021  

I have been using the platform from the brokerage company FxPro for over a year. I can confidently recommend the platform to everyone, both beginners and professionals. It is an excellent platform with a functional interface. Also, there are many functions and support from specialists. By the way, I recommend cTrader for beginners, a convenient scalping application. But, you need to start with a demo account so as not to waste your money.

Xavier Maurice   24 February, 2021  

What's the main benefit of your VIP account?

Augustin Maillet   23 February, 2021  

I think that FxPro platform is suitable for starting a career as a trader. It is a practical and optimized platform for trading for beginners and professional traders. I've been using FxPro for over half a year, and I like it for a lot of features.

Vitor Damovich   21 February, 2021  

I have a positive trading experience with this company. I opened an MT4 account with market execution and trade gold, silver, major currency pairs, and crude. The broker executes my orders very fast and without requotes. As for withdrawals, I have no problems too. I receive money on my credit card on time.

Bruno Uchoa   19 February, 2021  

Just good brokerage, without any significant disadvantages. Everything there is quite typical, so I can't even highlight nothing unusual. The best thing I like here is fast withdrawals. Thats why I chose FxPro.

Austin   17 February, 2021  

All Reviews & Comments
FxPro Rating and Review

FxPro Rating

89 %   11 %


FxPro Reviews Rating

Reviews Rating FxPro - 5

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