FxPro Guide – Read our In-Depth FxPro Review
This FxPro review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this FxPro review does not apply to US users.
If you are a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will get adept at all the concepts of brokerage as you continue trading. For starters, you have to choose the right agent who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan will generate hefty returns. FxPro is just one such platform which will take you and your investment to great heights. It's crucial to know all about FxPro until you trust them with your cash.
Our entire FxPro Review covers everything you need to know about trading using FxPro. A good agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your agent before you choose them. It is a frequent misconception that all agents will be exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
FxPro is a broker which has paved its way successfully into the brokerage world. In this review, we have tried to collate some of the vital facets of FxPro. This review will allow you to know whether FxPro is a good fit for your own investments or not. We've tried to breakdown all the features and charges for your advantage.
FxPro Review, Table Of Contents
- Who are FxPro?
- Benefits Of Trading With FxPro
- Everything you should know about trading with FxPro
- Is FxPro Safe To Trade With?
- Pro's & Con's Of Trading With FxPro?
- Compare Brokers Similar To FxPro
- Regulation And Licencing In More Detail
- FxPro Awards
- Minimum Deposit Required For A Live Account With FxPro
- FxPro Commission And Fees Explained
- Compare broker fees against FxPro
- FxPro Withdrawal Fees Explained
- FxPro Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With FxPro?
- Alternatives To FxPro
- Frequently Asked Questions About FxPro
Who are FxPro?
FxPro is a foreign exchange broker headquartered in UK and provides a range of tools for trading. Since its beginning in 2006, FxPro has emerged as a top player in the industry of online brokerage. FxPro has an extremely competitive and full-featured trading site that is focused on currency, indices, metals, sharesand commodities.
Over the past 15 years, FxPro has grown into one of the leading online brokers.
After establishing in 2006, their consumer base is becoming as large as 10,000+ clients.
FxPro is a favorite for many dealers because of its negative balance protection. Our FxPro review discovered that they're an superb alternative for automated trading solutions. It's best suited for investors that are searching for a variety of assets. Social and automated trading solutions are the heart at FxPro.
Technology plays a significant role at FxPro. FxPro offers trading on MT4, MT5, cTrader, Tablet & Mobile apps. FxPro is fair, transparent, and also a well-regulated broker by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The trader resource department at FxPro is very enlightening for new dealers as it permits them to have a closer look in the financial markets. FxPro caters to all types of traders and are a must-have broker for any well-diversified approach to trading.
If you feel that FxPro is not right for you then at the bottom of this FxPro review you wil find a lot of alternatives to FxPro.
Everything you ought to know about trading using FxPro
FxPro is a lively platform that provides various procedures of online trading. These tools cover the financial markets substantially. Most of the broker platforms offer less procedures than FxPro
If you would like to trade with FxPro, you will require a minimum deposit of $100. This deposit is compulsory if you want to begin trading using FxPro. This 2021 FxPro review will guide you safely about trading with them.
FxPro is as versatile as another brokerage platform. FxPro is excellent for traders who want a manageable assortment of low-cost services. The programs offered by FxPro are third-party, white-label offerings. All traders may pick from MT4, MT5, cTrader, Tablet & Mobile apps.
Along with everything, FxPro has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade must be kept available. The agents offer premium customer service that rewards customers with advantages.
Many unprofessional brokers attempt to pressurise customers into larger financing for superior services. FxPro, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further benefits will become available.
FxPro accounts are available all over the world and provides excellent service everywhere they have customers. There are some select few countries where FxPro accounts are not available. Traders in the following countries cannot open or use a FxPro account:
Is FxPro Safe To Trade With?
Launched in 2006, FxPro has been in operation for 15 years, they are headquarted in UK.
FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA). These bodies have rules that make sure that trading platforms have steps in place to keep investor's assets secured. This means that FxPro users don't need to worry about their money as it is segregated and safely stored in banks that are established. SSL encryption secures every user's personal information as well.
You can make use of an option for Two Factor Authentications (2FA) with FxPro for heightened security. An SMS for the confirmation code will be sent to your phone. You'll be asked to input this code to log into your accounts.
Another concern with financial brokers with respect to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more prevalent in the case of Market Maker agents who compete with customers on the platform.
Pro's & Con's Of Trading With FxPro
Every online trading platform has some pros and cons FxPro review would be complete without showing both sides. This FxPro review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- FxPro is trusted by 10,000+ clients
- FxPro offers Negative Balance Protection
- FxPro doesn't charge withdrawal fees
- FxPro doesn't charge deposit fees
- FxPro doesn't charge CFD fees
- FxPro offer trading on MT4, MT5, cTrader, Tablet & Mobile apps
- FxPro offer 250 trading instruments
- FxPro trades major forex pairs
- FxPro trades minor forex pairs
- FxPro trades exotic forex pairs
- FxPro offers trading on cryptocurrencies
- FxPro can communicate in Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese
- FxPro does not offer Guaranteed Stop Loss
- FxPro charge inactivity fees
FxPro Review - Compare Brokers Similar To FxPro
|FxPro||Swissquote||Forex EE||Brightwin Securities And Finance|
|Regulated By||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)||Financial Conduct Authority (FCA)||Ministry of Economic Affairs in Estonia||Unregulated|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk|
FxPro Review - Regulation And Licencing In More Detail
FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA).
FxPro, as a company, has a strong collection of rules for ensuring fair trading on its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, client information is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
FxPro Review - Awards
- At the time of writing this FxPro review, they had not received any awards.
FxPro Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on FxPro is $100. This is a decent amount for those just starting out. You can create more complex deposits as you cooperate. But, ensure that you know how to make the most of your cash before investing larger sums.
FxPro Review - Commission And Fees Explained
FxPro is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 types of fees for this purpose.
The first kind of charges to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you are paying a spread, financing speed, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are those that are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, FxPro does not charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees billed by FxPro are relatively lower. As a result, you are charged more for non-trading activities on your trading account, like withdrawal and deposits. These are not related to the sale and purchase of assets.
This FxPro review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against FxPro
|FxPro||Swissquote||Forex EE||Brightwin Securities And Finance|
|CFD Fees||charge commissions on cTrader only||No|
FxPro Review - Withdrawal Fees ExplainedFxPro doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from your FxPro account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily have to have any cash on your account.
In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn money is going to be sent into the card. FxPro will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you are opting to withdraw in.
FxPro Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head when open an account with FxPro. An inactivity fee is an amount charged to registered dealers that have not engaged in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee differs from 1 broker to another and is not generalized. If a traders account does not have a purchasing or selling trade, it is maintained by the broker as an inactivity charge. The traders need to pay this commission under terms and conditions that they had agreed while enrolling.
FxPro charges an inactivity fee if you don't make any trades for a while.
Even if no charges have been indicated by FxPro, it's better for you to close the account if you are inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is exposed to a lot of circumstances and needs to be revealed clearly by the broker beforehand.
FxPro Review - Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be charged by the broker. Most brokers don't charge too much money for this particular operation.
FxPro doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the FxPro trading platform is easy. You simply need to finish a single-user profile survey to begin depositing money into your trading account. You'll need to give an identity evidence and evidence of residency to deposit substantial sums.
FxPro Review - Compare Broker Deposit Methods
|FxPro||Swissquote||Forex EE||Brightwin Securities And Finance|
What Can You trade With FxPro?
Note: FxPro offers many different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may differ based on the country of residence of the client.
FxPro has a wide variety of over 250 instruments available for you to trade with.
If trading forex pairs is of interest to you then FxPro offer over 70 forex pairs.
Compare FxPro, Swissquote, Forex EE & Brightwin Securities And Finance below.
Alternatives To FxPro
If, after studying this FxPro review, FxPro doesn't quite fulfill your requirements check out these FxPro alternatives.
We have scoured the web to find the best alternatives to FxPro. Click on the hyperlinks below to find out more.
Frequently Asked Questions about FxPro
Can I try FxPro before I buy?
Yes, you can most certainly try FxPro before you buy. FxPro provides demo accounts for the ease of new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register to get a demonstration account on FxPro, you will set out with a decent amount of virtual money. It is to establish a sense of security and confidence in you before you decide to invest your own money.
With this virtual FxProdemo account, you are able to experiment in any way, to whatever length you desire. You might even open positions, test different trading strategies, and much more.
FxPro specifies on its official site that you can exchange real time stocks with your demo account.
Is FxPro safe?
It is possible to drop all your worries because we believe that FxPro is completely safe to use. It is in compliance with all the rules of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA).
Nevertheless, FxPro doesn't provide assured stop-loss protection.
Why does FxPro ask for my passport?
The reason that FxPro asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, FxPro has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, FxPro must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with FxPro?
The process to start trading withFxPro is perhaps simple enough to be a cakewalk. You need to begin by signing up on the FxPro website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with FxPro is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with FxPro.
The best way to kickstart your trading career with FxPro is to open a demo account facility before risking any real money
What funding methods do FxPro accept?
There are a number of ways to fund your accounts with FxPro. The process is effortless and quick, with various payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every country. The monies FxPro
Is my money safe with FxPro?
Yes, your cash is safe and secure with FxPro. As you already know, FxPro operates with good conformation to. It has established lots of measures to protect all its investors.
FxPro protects its customers' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you wish to further protect your account, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to get your account.
Is FxPro trading good?
Yes, trading via FxPro is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. Moreover, you could even obtain access to a vast collection of educational resources and assistive material to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does FxPro support?
FxPro operates around the globe. However, due to regulations there are some countries that FxPro cannot accept clients from
Is FxPro legit?
FxPro is a legit company headquarted in UK since 2006. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA). FxPro is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is FxPro a good broker?
FxPro is a great broker, and its users can vouch for this. The highlight of this platform is its fast order execution on trades.
You'll discover the clean design of the platform along with the commendable features a pleasure to work with.
Is FxPro a trustworthy broker?
Yes, FxPro is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for FxPro?
The minimum deposit to open a live account with FxPro is $100
How long do FxPro withdrawals take?
Normally, withdrawal of money from FxPro is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from FxPro to show in your bank account.
Are FxPro regulated?
FxPro are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)
Is FxPro a market leading broker?
FxPro is indisputably one of the industry leaders. It supports over 10,000+ registered users and over 15 years of expertise on its record. They are one of the world's top trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and broad selection of tools plus resources so that you can put money into capital markets.
Is FxPro a con?
No, FxPro is not a con. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) and must adhere to their rules. Thus, it is safe to say that FxPro is not a scam.
Can you make money with FxPro?
Using FxPro, several traders earn a lot of money. But on average, through continual trading, you can make between 2% - 10% profit a month.
This can look like a little number, but within the entire year, this adds to a significant amount of gains. Even though FxPro supply you all of the tools to earn money, they cannot guarantee that you will gain.
Does FxPro have fees?
Yes. To start trading with FxPro, you need to deposit $100. Certain commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was FxPro founded?
FxPro was founded in 2006 in UK. FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA).
How many people use FxPro?
FxPro is a globally recognised agent with 10,000+ clients.
Where is the FxPro head office?
FxPro has its head office in UK
Does FxPro offer negative balance protection?
Yes, FxPro has Negative Balance Protection. It's especially offered when the market volatility keeps customers from letting their account go in the red. In such a scenario, FxPro provides the ability to reset a clients account balance to zero.
You are able to go through the important stipulations on FxPro's site to comprehend their policies.
Does FxPro offer guaranteed stop loss?FxPro unfortunately, does not offer guaranteed stop loss. FxPro gives an opportunity for its traders to close their trade in their given price. Aside from this, FxPro doesn't offer guaranteed stop loss.
Does FxPro allow scalping?Yes, FxPro do allow scalping. Several traders throughout the world choose FxPro due to their scalping services. They offer trading on MT4, MT5, cTrader, Tablet & Mobile apps which let this.
Does FxPro allow hedging?
Yes, FxPro does allow hedging.
Can you trade energies with FxPro?
Yes, you can trade energy stocks with FxPro
Can you trade agricultural shares with FxPro?
Yes, you can trade agricultural stocks with FxPro
Can you trade cryptocurrency with FxPro?
Yes, you can trade cryptocurrency with FxPro
Can you trade metals with FxPro?
Yes, you can trade metals with FxPro
Can you trade UK Shares with FxPro?
Yes, you can trade UK shares with FxPro
Can you trade US Shares with FxPro?
Yes, you can trade US shares with FxPro
Can you trade Japanese Shares with FxPro?
Yes, you can trade Japanese shares with FxPro
Can you trade German Shares with FxPro?
Yes, you can trade German shares with FxPro
Does FxPro accept bank transfers?
Yes, FxPro accepts bank transfers for depositing money.
Does FxPro accept credit cards?
Yes, FxPro accepts credit cards for depositing money.
Does FxPro accept PayPal?
Yes, FxPro accepts PayPal for depositing money.
Does FxPro accept Skrill?
Yes, FxPro accepts Skrill for depositing money.
Does FxPro accept Payoneer?
No, FxPro does not accept Payoneer.
Does FxPro accept Neteller?
Yes, FxPro accepts Neteller for depositing money.
Does FxPro offer Live Chat customer support?
Yes, FxPro offers customer support through live chat.
Does FxPro offer phone customer support?
Yes, FxPro offers customer support over the telephone.
Does FxPro offer email customer support?
Yes, FxPro offers customer support through email.
What languages can FxPro communicate in?
FxPro has the ability to communicate and support customers who speak: Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese
Does FxPro have a wikipedia page?
No, FxPro does not have an official wikipedia page.
Does FxPro offer demo accounts?
Yes, FxPro offers demo accounts so you can learn their systems before risking any real money.