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
Maximum Leverage 500
ECN, $ 100
STP, $
Standard account, $ 100
Mini account, $
Popular payment methods Credit Cards, Wire Transfer, PayPal, Neteller, Moneybookers
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, 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

Brokerage is fair, regulated and opened to the trader. I'm trading there for 2 years and I'm 100% satisfied. What I like the most, broker offers really fast execution. I was trading with other brokers as well and FxPro has the fastest order execution among all brokers are traded. I've asked FxPro support why executions are so fast and got an answer that it's cause of NDD execution. But I don't understand what is it?

Hannaham   23 September, 2020  

I respect trading - because it is a real space for experiments. After all, you can try different strategies and indicators here, and always find something new. I have been doing it here for the last years, and I can note that there are profitable spreads and you can test your knowledge with the help of original online tests.

Belan Sauer   19 September, 2020  

FxPro is a broker with a good and clear background. This broker provides tight spreads, simple and functional platform, and professional support.

David   18 September, 2020  

I recently opened an account with FxPro. A brokerage has an excellent reputation in the market, so I wanted to trade with it too. Since I don't trade often (for me it's more of a hobby), I think the trading conditions of this broker are ideal for me. On different forex forums traders write about the fact that FxPro has got excellent stats on slippages and requotes, which I think is great, as it was my big concern. From personal experience I can tell that its true. So far I'm very pleased with executions quality.

Gay Kiehn   12 September, 2020  

I would like to recommend fxpro. Very satisfied with my tradings. They have a good trading platform and awesome services.

Chris   31 August, 2020  

A top broker that has a wide variety of trading instruments, low spreads, and very fast trading execution. Very good for algorithmic tradings. Definitely, good experience!

Ant   30 August, 2020  

Fxpro is a really great broker with a good stable platform. They provide a lot of tools needed to be a successful trader. Five stars!

George   24 August, 2020  

I really enjoy their platform, it is very stable at work. Never have freezes or other problems with it. Execution is well. Very convenient and intuitive UI with the wide variety of tools. Also, I want to note that their customer service always works smoothly and there are no problems with the withdrawal of profits.

Alex   29 July, 2020  

Fxpro is not a bad company. I've made a nice profit working with them. Also, I improve my trading skills with their webinars. It's really cool and very useful!

Jeremy   15 July, 2020  

Fxpro provides a wide range of instruments, their platform is user-friendly and easy to use. Big and reliable broker.

Paul   29 June, 2020  

All Reviews & Comments
FxPro Rating and Review

FxPro Rating

89 %   11 %


FxPro Reviews Rating

Reviews Rating FxPro - 5

Reviews & Comments

FxPro
24 Sep, 2020   A harder dollar push

The US dollar returned to growth yesterday afternoon, but this time stock indices failed to accompany it. As might be expected, the simultaneous growth impulse...

Forex Forecasts
FxPro
23 Sep, 2020   The melting of the dollar reversed by top US economic officials

The two US economic policymakers, the Fed Governor and Treasury Secretary are supporting interest in US assets, strengthening both the dollar and the equity...

Forex Reviews
FxPro
22 Sep, 2020   Markets dangerously flirt with correction

The financial markets are trying to determine the future direction after a wave of decline on Monday. The dollar, which yesterday added against most competitors...

Forex Reviews
FxPro
22 Sep, 2020   The reasons behind Bitcoin's drop

Bitcoin is trading in the red near $10,400 at press time, down 4% on the day, having faced rejection near $11,000 earlier on Monday. A decline in European stocks...

BTC/USD forecasts
FxPro
21 Sep, 2020   U.K. at Critical Point in Virus Surge With London at Risk

Britain is at a "critical point" in the coronavirus pandemic, Prime Minister Boris Johnson will be told on Monday, as concern mounts that a second lockdown may be...

Forex Reviews
FxPro
18 Sep, 2020   European stocks struggle as virus worries weigh on fragile recovery

European stocks struggled for momentum in early deals on Friday, with a resurgence in coronavirus cases across the continent raising concerns about its impact...

Forex Reviews
FxPro
17 Sep, 2020   Fed Decision Leaves Forex Market Set for Dollar Short Squeeze

The lack of a killer dovish catalyst from the latest Federal Reserve meeting triggered a near-term rally in the dollar as sizable short positions in the under-pressure...

Forex Forecasts
FxPro
16 Sep, 2020   Fed may return the dollar to a slippery slope

On Wednesday, markets will be focused on US signals as fresh economic data and Fed comments can set the trend for the coming weeks or even months...

Forex Forecasts