FxPro Review and Information 2022

FxPro Review and Information 2022
Bitcoin Forex Brokers: Yes
PAMM: Yes
Automated trading: Yes
Hedging: Yes
Expert advisors: Yes
Minimum position size: 0.01
Pip spread on majors: 0.01-1.3
Broker type: Broker
Digits after the dot in quotes: 5
WWW: https://www.fxpro-finance.com/
Foundation: 2006
24 hour support: Yes
Free phone: + 4,402,031,515,550
Headquarters: London
Free education: Yes
Trading by phone: Yes
Mobile trading: Yes
Swaps: Yes
24/5 trading: Yes
Scalping: Yes
Maximum Leverage: 500
Spread Type: Variable
ECN: 100 $
Regulation: CySEC, FCA, FSCA, SCB
Trading software: cTrader, FxPro Edge, MetaTrader4, MetaTrader5
Partnership programs: Yes
Languages: Arabic,, Bulgarian,, Chinese,, Croatian,, Czech,, Danish,, Dutch,, English,, Estonian,, Finnish,, French,, German,, Greek,, Hungarian,, Indonesian,, Italian,, Japanese,, Korean,, Lithuanian,, Malay,, Norweigan,, Polish,, Portuguese,, Russian,, Spanish,, Swedish,, Thai,, Vietnamese,
Available assets: CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies, *CFDs on Cryptos are not available to retail clients of FxPro UK and: *Spreadbetting is only available to UK residents under FxPro UK
Address: 13/14 Basinghall Street, City of London, EC2V 5BQ, United Kingdom

FxPro has been operating since 2006. For 15 active years, it confidently became one of the world’s leading Forex and CFD broker. An impressive list of more than 90 international awards is constantly being updated, and the number of loyal customers is increasing on a daily basis. FxPro is regulated by CySEC, FCA, FSCA, 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 2020, FxPro has gained 90+ international awards. The most recent ones include Best FX provider 2021, Most trusted broker (Global) 2021 and Best Broker (UK) 2021.

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.

Clients who have been trading with FxPro for years are very familiar with our reliability, that’s backed by our 4 licenses of the world’s leading financial regulators and by our global presence in Cyprus, the Bahamas, Great Britain and Monaco. FxPro Group Limited is the holding company of:

  • FxPro UK Limited, authorised and regulated by the Financial Conduct Authority (registration no. 509956).
  • 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 USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR currencies. With a leverage of up to SCB 1:200 and Pro Clients 1:500. Spreads on the EUR/USD start from 1.2 pips in the MT4 Trading Platform and Spreads start from 0.2 pips in the cTrader platform.

Where commissions apply:

  • 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 traders 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 recommended to our professional clients. It allows you 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 0.2 pips – this is our most advanced platform to date.

  • Spreads from 0.2 pips
  • In-depth market information
  • No restrictions on stop/limit levels
  • Full Market Execution

FxPro Edge

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 a 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. In order to achieve this, 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.

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 430+ assets:

  • 70+ currency pairs – the most popular instruments involve major global currencies and experience the highest trading volumes as well as liquidity;
  • 2000+ 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.
  • FxPro Edge CFD 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

Payment methods include Bank Transfer, Broker to Broker, Credit Cards – Visa, Maestro, MasterCard and 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
  • 430+ trading instruments
  • 4 international licenses
  • 21 customer support languages
  • Spreads from 0 pips

Cons

  • No promotional bonuses

Risk Warning

  • 76.14% for UK (FxPro UK Limited)
  • 74.46% for Europe (FxPro Financial Services Ltd)
  • 84.67% for Global (FxPro Global Markets Ltd)

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