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. FxPro is regulated by CySEC, FCA, FSB, DFSA, 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 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, cryptocurrencies
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

One of the most popular companies that 100% justifies its status. It all starts with info provided by the company. Check its website to understand what I'm talking about. That's the most transparent company I've ever seen. It provides info about slippages stats, requote stats and explains the execution method in details. That means that I, as a common trader, can get all this info to understand the estimated number of slippages/requotes and, as a result, I can adjust my trading strategy to maximize my profits.

Jules Fournier   30 November, 2020  

In terms of functionality and services I will leave everything without a long comment. Everything is usual. Everything works. But I liked that the company shares the internal moments, which are important for clients. The site has information on how prices are formed in the trading terminal, how the withdrawal is carried out - this is important information for clients.

Roy Jemison   27 November, 2020  

Never had any issues with the services so far. Happy to recommend FxPro. One of the most reliable brokers nowadays.

Charles   23 November, 2020  

I have a deep interest in FxPro. I joined this company just a month ago and hope to continue. Before I opened an account with the broker I studied a lot of reviews about it in the network. I opened an account with cTrader. I like this user-friendly and cutting-edge platform. I'm sure that in many regards it outperforms legendary Metatrader. Since I'm going to continue with the broker, I would like to know whether it's possible to open a joint account with a broker or not? The matter is that my wife is also interested in trading and we'd like to try family trading.

Nikodem Zawadzki   21 November, 2020  

What trading platforms are available there?

Nico Juntti   13 November, 2020  

MT4, MT5, Ctrader and FxPro Trading Platform

Max   16 November, 2020

What I favor in FxPro is its platform diversity. What's more, this diversity offers interesting opportunities. For example, if you prefer cla ssical trading solutions and no commission, you can open MT4/MT5 trading accounts. You can also use their custom-made platform, named after the broker. As for me, I opened a cTrader account due to very tight spreads (0.37 pips) and a cutting-edge terminal, which is more intuitive than Metatraders.

Karl-Wilhelm Lohmann   6 November, 2020  

Is Dom a really crucial feature in FxPro cTrader?

Jan Macurova   30 October, 2020  

All functions in the trading terminal can be useful for you, if it corresponds to your approach to work in the market and allows you to stick to the strategy. And cTrader in this sense is a widely functional solution, which is highly appreciated by many traders.

Peter Sunde   6 November, 2020

Every person has certain wishes in the market. And I found a company that helped me to believe in myself. Here I learned how to conduct technical analysis in the market, mastered the calculations to determine the size of an order and control my capital.

Harry Kirchner   30 October, 2020  

I'm trading with FxPro for 2 months now, that's my first brokerage so sorry if I would sound a little creepy, I just want to get first-hand info. In short words, I'm satisfied with brokerage and execution speed is also quite fast but I (I'm using MT4), but I recently found info that cTrader offers even faster execution. Is that true? And what's the difference between MT4 and cTrader at all?

Otto Hafner   27 October, 2020  

There is a difference between MT4 and cTrader. In FxPro, spreads in the cTrader are tighter than in MT4. But there is no commission in MT4, and in the cTrader it is. The commission isn't high, but it exists. By the way, there are slightly fewer assets in cTrader. If I'm not mistaken, there are no stocks and futures. So consider this point if your strategy contains trading on the stock market.

Jim van Luyssel   16 November, 2020

I always wanted to work for a company that will support traders and provide not only access to the market, but also some tools and analytics for more accurate work. And this company in this sense met my expectations, because here I can really work on technical and fundamental analysis, there are calculators for making settlements, here you can find new information about the strategies that interest you, etc. In other words, you always have the opportunity to get new knowledge and practice.

Xavier Favreau   19 October, 2020  

All Reviews & Comments
FxPro Rating and Review

FxPro Rating

89 %   11 %


FxPro Reviews Rating

Reviews Rating FxPro - 5

Reviews & Comments

FxPro
30 Nov, 2020   Quick Bitcoin Price Recovery Looks in Doubt

Bitcoin may have a tough time charting a V-shaped recovery to recent highs in the short term, with on-chain activity showing increased selling pressure in the market...

BTC/USD forecasts
FxPro
27 Nov, 2020   Bitcoin plunges by nearly $3000 after closing in on its all-time record

Bitcoin has plunged by close to $3,000 in less than 24 hours after hitting highs not seen since the end of 2017. The price of bitcoin was trading at $19,374 at 1:45 p.m...

BTC/USD forecasts
FxPro
25 Nov, 2020   Bitcoin climbs past $19000 and closes in on record price

Bitcoin climbed past $19,000 Tuesday as the world's best-known cryptocurrency continues its 2020 surge. The price of bitcoin was trading about 4.25% higher for...

BTC/USD forecasts
FxPro
24 Nov, 2020   FxPro

Direct Interbank FX Market access with FxPro cTrader ECN. Tight Spreads from 0 pips on GBP/USD and EUR/USD. Instant trading with no re-quotes. Market and Limit orders with no restrictions.

Featured brokers
FxPro
24 Nov, 2020   Bitcoin at $100000 in 2021? Outrageous to some, a no-brainer for backers

Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. It's a wager...

BTC/USD forecasts
FxPro
23 Nov, 2020   Economic optimism causes dollar retreat

The dollar index remains close to an important support line of around 92, where it is pressed by rising demand for risk assets. In addition to the widespread expectations of speedy...

Forex Reviews
FxPro
20 Nov, 2020   Bitcoin rebounds to $18K after crucial support level holds

Bitcoin (BTC) has seen a tremendous run, particularly since September, with BTC price surging from $10,500 to $18,400 - a rally of 75% in less than three months...

BTC/USD forecasts
FxPro
19 Nov, 2020   Why Bitcoin price just flash crashed 6% after rejecting at $18.5K

The price of Bitcoin (BTC) dropped sharply after approaching $18,500 on Binance and Coinbase. The plunge took place as large sell orders were spotted on both spot...

BTC/USD forecasts