FxPro, a forex and CFDs broker, was established in 2006. It has gained popularity globally and attracts 2 million traders from 170+ countries. Known for its historical records, such as 635 million successfully filled-up orders and a partnership with McLaren F1 Team, the broker provides traders with best-in-class user experience, tight spreads, and more than 2100 tradable assets. It follows regulations, trustworthiness, and security of client deposits.
FxPro Company Information
FxPro is a worldwide Forex and CFD broker. With 2 million customers from 170 + countries. Having FxPro implemented 635 mln and the biggest sponsorship deal, F1 team – McLaren has represented it as the market’s reliable actor.
Authorized by cyber security authorities in CYSEC and the Financial Sector Conduct Authority in FSCA, the broker promises safety, honesty, and integrity. The FxPro makes you an online trader no matter where you are situated by providing you with an easy-to-use platform, tight spreads, and exposure to over 2,100+ assets.
Overview
As a long-established global forex and CFD broker, having Received an award for the best CFD Broker by the Learn & Invest Award, FxPro has gained a solid reputation with over 2 million traders in 170+ countries.
The company is a well-known brand behind 635 million executed orders and McLaren’s F1 team sponsorship. Its operational interface is user-friendly, and it provides competitive spreads for a market with so many asset opportunities, about 2.1 thousand of them.
License and Regulatory Compliance
FxPro, a reputable broker, is regulated by esteemed financial authorities, including CySEC and FSCA. FxPro prioritizes client fund security by utilizing segregated accounts and safeguarding funds from misappropriation and commingling. This commitment enhances the safety of clients’ investments, providing an additional protection.
Spreads and Commissions
FxPro offers competitive spreads on various instruments, contributing to cost-effective trading. The broker primarily charges fees through spreads for CFDs and forex trading. The commission may vary based on the chosen account type and trading activity.
Compared to industry averages, FxPro’s competitive spreads enhance its cost-effectiveness, providing traders with a favorable pricing structure. The transparent fee structure and minimized account maintenance charges contribute to the broker’s positive standing regarding cost efficiency.
Leverage
- Leverage Options: FxPro offers different leverage options, allowing traders flexibility based on their risk tolerance and trading strategy.
- Leverage Limits: While providing leverage options, the broker also implements limits to ensure responsible trading practices. This helps mitigate potential risks associated with excessive leverage usage.
- Margin Requirements: FxPro specifies margin requirements, outlining the minimum amount traders must maintain in their accounts to support leveraged positions. This approach contributes to risk management and helps protect clients from significant losses.
Order Execution and Trading Speed
FxPro has built its reputation by performing perfectly at the speed of execution, executed precisely. Using the broker’s modern technology, the trade processing is effective and fast, and traders obtain precise trade execution.
Payment Options
| Process | Details |
|---|---|
| Deposit Process | Traders will typically be listed on their platform using different ways, e.g., Credit cards, bank transfers, and e-wallets, to make the first deposit. Just log into the FxPro account and move to the deposit section. After that, select the suitable payment method and follow the instructions to proceed with the transaction. |
| Accepted Payment Methods | FxPro accepts payments through credit cards, bank transfers, and popular e-wallets, providing flexibility for traders to choose the method that suits them best. |
| Withdrawal Process | For transaction applications starter, please enter your FxPro account, select the withdrawal section, and follow the provided directions. Decide what amount you would like to withdraw, join, and finish the transaction. |
| Processing Times and Fees | Almost immediate. Where the broker already charges no withdrawal fee, you should be familiar with third-party payment processors that can have some form of fee! Traders should consider these points while initiating a withdrawal process to avoid the hassle that additional or hidden fees can accompany. |
Market Analysis and Trade Signals
FxPro analysts designed in-depth regular market analysis reports and trading signals to guide traders on market situations. Such instruments include fundamental and technical analysis, market dynamics, and key trading alerts.
Traders can use market analysis and trading signals to gain knowledge of the market trend, where to enter and exit into the trade, and the market sentiment, among many other things. Such data will take away the risk of an investor blindly trusting and relying on any information because it will allow them to develop a more successful trading strategy while managing the risk effectively.
Account Types and Their Features
FxPro offers various account types tailored to diverse trader needs, including standard and professional accounts. There are demo and Islamic accounts available.
Minimum Deposit Requirements
The minimum deposit requirements vary based on the chosen account type. Standard accounts typically require a minimum deposit of $100.
Customer Support and Assistance
FxPro offers multiple methods for contacting customer support, including live chat, email ([email protected]), and phone (+44 (0) 203 151 5550).
FxPro has amazing customer support feedback. They are well known for fast response times and high-quality assistance.
Trading Instruments
FxPro popular instruments include: forex, indices, cryptocurrency. Foreign currency trading is done by a currency pairing system.
- Cryptocurrencies: People who do business with crypto can check crypto pairs, including options like Bitcoin and Ethereum. Besides that, the platform is also used for commodity trading, which creates an opportunity for the traders to speculate on price fluctuations of commodities, including gold, oil, and agricultural goods.
- Indices and Futures: FxPro platform can include a range of indices in their portfolios, helping them to manage the risk of overall market performance. Also, contract trading, including commodities, indices, and other property-based contracts, is accessible in futures.
KYC Process
KYC (Know Your Customer) verification might include any of the following:
Proof of Identity (POI):
- Valid Passport,
- ID or driver’s license
Proof of Residence (POR)
- Utility Bill (e.g.,electricity, water, gas)
- Bank Statement
- Rental Agreement
- Government Issued Residence Certificate
Bonus and Promotions
No bonus available at this time.
Verdict
The broker’s commitment to regulatory compliance, fraud prevention, and client fund security enhances trust. While it really has a good offer in providing an enjoyable trading experience, the limited educational resources and a minimum deposit requirement of $100 might be too much for some traders. Inactivity fee also can be a big turn down for traders that have a buy and hold strategy. FxPro is a reputable choice for beginners and experienced investors seeking a comprehensive and secure trading environment.
FAQ
Is FxPro a regulated broker?
Yes, FxPro is regulated by reputable financial authorities, including CySEC and FSCA.
What is the minimum deposit at FxPro?
The minimum deposit requirement at FxPro is $100, which may vary based on the chosen account type.
How can I contact FxPro’s customer support?
You can reach FxPro’s customer support through live chat, email ([email protected]), or phone (+44 (0) 203 151 5550).
Does FxPro offer a demo account?
Yes, FxPro provides a demo account.
