FxPro, domiciled in Cyprus, is forex broker that caters to both experienced and beginner traders. Established in 2006, FxPro has established itself as one of the leading forex brokers in the industry. They offer a wide range of options and features. Navigating through the website moves at a fast speed and opening either a live or demo account is quick and easy. In this FxPro Review, We will cover most of the important information that traders need to know before deciding their broker.
Depending on the trading platform, FxPro offers three basic account types for each MT4, MT5, and cTrader. Every FxPro trading accounts offers dynamic leverage up to 1:500 and micro tradable lots. on top of that, FxPro offers its in-house built FxPro Markets platform. In addition, the brokerage provides swap free Islamic accounts to clients of the Muslim faith, as well as VIP services to selected individuals and those actively trading large volumes. VIP clients benefit from free VPS service, no deposit fees, and receive trade recommendations, exclusive news reports and margin level alerts via email and SMS.
The Company & Safety of funds
FxPro is an award-winning pure NDD broker that offers to trade in on a range of instruments, including currency pairs, shares, spot indices, futures, spot metals, and spot energies, on a selection of trading platforms. It provides its clients with access to top-tier liquidity, excellent trading conditions and the highest level of customer protection possible, including negative balance protection.
FxPro is the collective brand name of FxPro UK Ltd., an entity regulated by the UK Financial Conduct Authority (FCA), and FxPro Financial Services Ltd., which is licensed by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Board (FSB) of South Africa. In October 2017 the broker was granted a license to operate in the UAE from the Dubai Financial Services Authority (DFSA).
Spreads and Commissions
FxPro’s fixed spreads are quite low, which is great. 1.6 pips on EUR/USD, while most fixed spread brokers provide spreads around 2 pips. FxPro’s variable spreads, on the other hand, are on average typically around 1.4 or 1.2 pips for the EUR/USD pair on commission-free accounts. The lowest spreads with FxPro are available on cTrader accounts which are as low as 0.3 pips, however, if we count in the commission of $9 round trip, average trading costs per standard lot traded amount to around 1.2 pips.
FxPro supports MT4, MT5, cTrader, and proprietary FxPro Markets platform. FxPro Markets is the latest addition to the broker’s suite of trading platforms, available for both web and mobile devices. It is a comprehensive, all-in-one trading solution, enabling clients to create and manage their trading accounts, deposit funds, and trade the markets.
Deposit & Withdrawals
Deposits can be made through bank transfer, credit and Debit Card, PayPal, Neteller, Skrill, Webmoney, FasaPay and MonetaRU, CashU, Netbanx, and mPay. To withdraw your funds, log into FxPro Direct and make a withdrawal request of the desired amount.
From this FxPro Review, we have listed important information for traders to see. Overall, FxPro has solutions for everyone and makes it quite simple to trade in the forex market. We found that FxPro’s features weren’t noticeably unique, but they were presented in a useful, professional way that can provide services to all types of traders in many different countries quite adequately.