FxPro Review
FxPro is a forex and CFDs broker that was established in 2006. To better serve its international clientele base, FxPro has established offices in major cities around the world. With its quality 24/5 customer support service, traders at FxPro can be assured that all their trading needs will be catered to by this broker. The broker offers both true NDD (subject to Order Execution Policy) and dealing desk access a the trader prefers.
Advantages
- A highly regulated broker in multiple jurisdictions.
- A wide selection of multi device platforms.
- Wide range of trading tools and research available.
- 6 different classes of instruments across FX, Stocks, Indices, Energies and more.
FxPro Trading Platforms
The main types of trading accounts which FxPro has provided for its clients are the FxPro MT4 account, the FxPro MT5 account and the FxPro cTrader account. For UK based traders, they also have the option to open a FxPro Edge trading account. This account will allow investors to invest in the market in the form of spread betting.
FxPro MT4
FxPro provides MT4 as one of their trading platform, which is known as the world’s most prominent trading platform, which is adopted by many of the brokers around the globe. It provides a variety of features like a charting package with a wide array of technical indicators. Also, it has language-customization, which is why traders are widely using it across the world in different countries with different languages.
FxPro MT5
It is the upgraded version of the sibling MT4, which already has gained a lot of prominence in all over the world in terms of trading platforms. However, MT5 has upgraded and added additional features such as in-depth markets information, more time frames, etc. So, even this one isn’t an exception if you’re experienced.
FxPro cTrader
For those traders who want to trade with raw spreads, FxPro provides them with their in-house cTrader platform. There are tons of features that it has offered to its traders, with this platform, such as depth markets, algorithmic trading, and VIP services are available. Whereas, in this platform, there are no fixed spreads, and there is a lot more than it has to offer.
FxPro Edge
It is the far more advanced level that FxPro has to offer to its traders. Edge is the platform where you can trade and enjoy the flexibility of Spread Betting while taking the fullest advantages of the tightest spreads across the whole platform with all six assets that it offers. The good news is that everything with this platform of trading is provided tax-free. It is a web-based platform that enables the traders to place their orders directly without any need to download the software etc.
FxPro Account Types
These are the accounts that FxPro offers:
| FxPro MT4 | FxPro MT5 | FxPro cTrader | |
|---|---|---|---|
| Free Demo | Yes | Yes | Yes |
| Micro Accounts | Yes | Yes | Yes |
| Fixed Spread Available | Yes | No | No |
| VIP Services | Yes | Yes | Yes |
| Initial Deposit | $100 | $100 | $100 |
| Variable Spreads (EURUSD) | Market Execution: Avg. 1.58 | Market Execution: Avg. 1.51 | Market Execution: Avg. 0.37 |
| Trading Costs | Forex & Metals: Spread mark-up |
Forex & Metals: Spread mark-up |
Forex & Metals: $45 per $1 million traded |
| Instruments Available | Forex, Spot Indices, Spot Energies, Spot Metals, Futures and Shares | Forex, Spot Indices, Spot Energies, Spot Metals and Futures | Forex, Spot Indices, Spot Energies and Spot Metals |
| Mobile App | Yes | Yes | Yes |
| Web App | Yes | Yes | Yes |
Deposits/Withdrawals Options
Deposits can be made via bank transfer, credit/debit Card, PayPal, Neteller, Skrill, Webmoney, FasaPay and MonetaRU (for Russian-speaking countries), CashU, Netbanx and mPay (for Chinese clients). To withdraw funds, a trader must log into FxPro Direct and make a withdrawal request.
Customer Service
With customer support bases in 23 countries, traders using
In addition, FxPro’s Contact Us page is among the best we’ve seen, with different boxes that contain the phone number and email of each department, so that you can rest assured that your inquiry will arrive at the right place.
The platform and customer support is available in close to twenty different languages.
Conclusion
All in all, FxPro has something for everyone and makes it easy to trade Forex. We found that FxPro’s features weren’t especially unique, but they were presented in a useful, professional way that can serve all types of traders more than adequately.
Trade Responsibly: Trading CFDs involves significant risk of loss.