Tight spreads and fast execution
Many platform options
Does not accept US traders
FxPro has been one of the best forex brokers since its founding in 2006. The company has a broad client base, high volume turnover, and a global presence serving customers in more than 150 countries around the world, although the company does not accept U.S. based clients at this time.
FxPro UK Limited is regulated and authorized by the Financial Conduct Authority or FCA under registration number 509956. FxPro Financial Services is regulated and authorized by the Cyprus Securities and Exchange Commission or CySEC under licensed number 078/07 and by Financial Services Board or FSB under authorisation number 45052.
The company’s official website is located at www.fxpro.co.uk and a screenshot of its home page appears below:
In terms of its standing within the industry, FxPro has been granted awards by more than 20 organisations over the past 10 years, with titles such as Best FX Broker, Best Trading Platform, Best FX Service, Best FX Tools and Best FX Services Provider, to name only a few.
FxPro offers its clients a wide array of trading options and is always searching for the latest technologies to enhance its customers’ trading experience. To get an idea of the level of service FxPro gives its clients, you can choose from 20 different languages on FxPro’s welcome page before accessing their other numerous service offerings.
In addition to a standard forex live trading account, FxPro offers several different account types depending on the client’s needs. VIP packages are available for select high net worth individuals who actively trade large volumes. VIP customers get a free VPS service, and are exempt from deposit/withdrawal fees. Other services available to VIP traders include: exclusive news reports and margin level alerts sent via e-mail and SMS.
FxPro also offers their customers competitive spreads, with MT4 traders able to trade EUR/USD with spreads from 0.6 pips, leverage up to 500:1 and no commissions. cTraders can partake spreads from 0.0 at 500:1 leverage. In addition, traders can get fractional prices and use expert advisors, which can add up to a more profitable trading experience.
FxPro provides several other unique trading tools to clients, such as FxPro Quant, which is a program that helps in the development of expert advisors. Other features include the FxPro Vault, where traders can separately allocate funds to be used in future trades, and the FxPro Dashboard, where a trader can monitor other traders’ activities.
Supported Trading Platforms
FxPro offers a variety of different trading platforms to fit the needs of any trader, regardless of their level of expertise. For the serious forex trader, the company’s trading platforms include FxPro MetaTrader 4, FxPro MetaTrader 5, FxPro cTrader and FxPro SuperTrader.
In addition to the popular MetaTrader 4 and 5 platforms, FxPro offers several proprietary platforms with significantly more flexibility than MT4. Also, FxPro makes mobile applications of their trading platforms available for iPhone, iPad, iPod Touch, Apple Watch, Apple TV and Android devices.
The screenshot below shows the functionality of one of FxPro’s trading platforms.
Deposits and Withdrawals
To begin trading with FxPro, the recommended minimum initial amount is $500, although a client may choose to make deposits of $100 at a time. Demo accounts for MT4, MT5 and cTrader are available with a maximum demo balance of $500,000 and leverage ratios ranging from 1:1 to 500:1.
Deposits can be done through a credit/debit card, bank wire transfer and electronic payment services including: Neteller, Paypal, Skrill (formerly Moneybookers), FasaPay (Indonesia), Webmoney (Russia), Moneta, CashU, Netbanx (China), and Boleto (Brazil).
For withdrawals, the client must first log into FxPro Direct to make a withdrawal request.
Customer support is available 24/5 from Monday until Friday during forex market trading hours. It is available in 19 different languages. The company’s Contact Us page on their website contains the phone numbers and email addresses of every department, ensuring that a client’s inquiry arrives at the right location.
With respect to educational products, FxPro offers a Trading Academy where new traders can learn the basics of forex trading and prepare for using their skills in a live account. In addition, the company has an extensive video library, which contains general information on trading strategies and tips, in addition to tutorials on how to use their trading platforms.
FxPro has a ten year track record in the online forex broking business and has won multiple awards for its leadership and expertise in the field of forex trading. Furthermore, FxPro’s regulatory compliance and fund segregation ensures the safety of their clients’ deposits, and the company prides itself on its transparency and superior trading services. With its wide selection of trading platforms, account types and negative balance protection, FxPro ranks alongside some of the best online brokers in the business.
Also, while traders focused primarily on the forex market will have plenty of currency pairs to choose from and competitive dealing spreads, FxPro also offers an execution service in futures, indices, stocks, precious metals and energy commodities.