FxPro review: FxPro is a popular online broker offering trading services to clients all over the world. The company was founded in 2006 and has since become one of the most recognizable brands in the industry. The company offers a wide range of trading instruments, including forex, stocks, commodities and cryptocurrencies.
One of the outstanding features of the exchange is an advanced trading platform available for both desktop and mobile devices. The platform offers advanced charting tools, real-time market data and a host of other features that make trading easy and convenient. FxPro also offers a range of trading accounts to meet the needs of different traders, including demo accounts, micro accounts and standard accounts.
When it comes to customer support, the company stands out for its commitment to providing excellent service. The company offers 24/7 customer support via email, phone, and chat. Clients can also access a range of educational resources, including webinars, trading guides, and market analysis to help them make informed trading decisions.
Trading Terminals:
| 💵 Currency: | USD, EUR |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | 1:200 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | United Kingdom |
Overall FxPro Review
Overall, FxPro is a highly reputable and trusted broker that offers an extensive range of trading services and features to help clients achieve success in the financial markets. Whether you are a novice or a seasoned trader, the company has something to offer, making it a broker well worth considering for all your trading needs. One of the key strengths of FxPro is its state-of-the-art trading platform, which is available on both desktop and mobile devices. This platform offers advanced charting tools, real-time market data, and a host of other features that make trading convenient and straightforward, even for beginners.
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Best customer reviews of FxPro
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The trading platform is intuitive and easy to use, and the advanced charting tools and real-time market data make trading easy. But what really sets FxPro apart is their customer support. Whenever I have a question or problem, their team is always there to help, whether it's by phone, email or chat. They are competent, friendly and always go out of their way to ensure that my issue is resolved quickly.
Ukraine
One of the outstanding features, in my opinion, is their proprietary FxPro Edge trading platform. The platform offers an intuitive interface and a number of advanced trading tools that make it easy to analyze markets and make informed trading decisions. I also appreciate that FxPro offers several account types to suit different trading styles and experience levels. As a relatively new trader, I started with a demo account and then switched to a micro account before switching to a standard account. This allowed me to get familiar with the platform and the markets before risking large amounts of capital.
Russia
One area where I have had some problems with FxPro is their spreads, which can be higher than some other brokers. Although they offer floating spreads from 0 pips, I have found that in practice spreads can be wider than I would like, especially during periods of market volatility. Also, the swap rates charged by FxPro can be quite high, which can lead to higher profits on long-term trades.
Belarus
Expert Review
Expert Review of FxPro
The company is regulated by several reputable financial bodies, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission of the Republic of Mauritius. This regulatory oversight gives traders a degree of confidence in the safety and reliability of FxPro's services.
In addition to regulatory oversight, the exchange has a solid reputation in the industry. They have won numerous awards for their trading platform and services and are widely known as a reputable and reliable broker. They offer a number of trading instruments, including forex, stocks, indices and cryptocurrencies, and their trading platform is user-friendly and feature-rich.
The trading platform also offers several account types to fit different trading styles and experience levels, and their support team is usually responsive and friendly. They offer phone, email, and chat support, and their educational resources are pretty good: webinars and trading guides help traders develop their skills and knowledge.
Financial expert and analyst at TradersHero.com
Risk Warning! Traders should also be aware of the specific risks associated with the instruments they are trading, such as the risks associated with forex or the risks associated with trading cryptocurrencies. It's important to conduct thorough research and analysis before entering into any trade and to have a sound risk management strategy in place.
Copy Trading
Investment Programs
The exchange offers a copy trading feature called FxPro SuperTrader. This feature allows traders to automatically copy the trades of successful traders, known as Strategy Providers. Strategy Providers are carefully selected by FxPro based on their performance, risk management, and trading style.
FxPro SuperTrader is a copy trading feature offered by FxPro that allows traders to automatically copy the trades of successful traders, known as Strategy Providers.
To use FxPro SuperTrader, traders can browse the list of available Strategy Providers, view their trading history and performance, and then select one or more to copy. Once a Strategy Provider is selected, their trades are automatically copied into the trader's account.
Copy trading can be a useful tool for traders who are new to the markets or who do not have the time or expertise to conduct their own research and analysis. However, it's important to note that copy trading still carries a degree of risk, and traders should carefully evaluate the performance and risk management strategies of any Strategy Provider before copying their trades.
Remember, while social trading can offer opportunities for profit, it also involves risks. Past performance does not guarantee future results, and losses are possible. Stay informed, exercise discretion, and make informed decisions based on your own risk appetite and trading objectives.
The key difference between FxPro SuperTrader and other copy trading platforms is that SuperTrader offers a carefully curated list of Strategy Providers who are rigorously vetted by FxPro based on their performance, risk management, and trading style. This helps to ensure that traders have access to high-quality trading strategies and reduces the risk of copying trades from unreliable or inexperienced traders. Additionally, SuperTrader offers a range of advanced copy trading features and tools, such as the ability to adjust copy trading preferences and monitor the performance of Strategy Providers in real-time.
Risk Warning
Best Copy Trading Platforms
Conditions
Trading Conditions for FxPro Traders
Trading Terminals:
FxPro offers flexible trading conditions to accommodate traders with different trading styles and experience levels. Their account types include the MT4, MT5, and cTrader accounts, which each have different features and benefits. For example, the MT5 account offers hedging and netting options, while the cTrader account offers advanced order types and execution modes.
In terms of trading costs, the exchange offers competitive spreads starting from 0 pips on some accounts, as well as low commissions on some trading instruments. They also offer leverage of up to 1:2000, which can potentially increase the trading power of traders' capital. However, it's important to note that high leverage can also increase the risk of potential losses.
Finally, FxPro provides a range of trading tools and resources to help traders make informed trading decisions. Their trading platforms offer a variety of analytical tools and indicators, and they also provide market insights and analysis on their website. Traders can also benefit from FxPro's educational resources, including webinars and trading guides, to help them develop their skills and knowledge.
| 💵 Currency | USD, EUR |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | 1:200 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, Bank payments, Electronic payments (Skrill, AstroPay, Neteller, AdvCash) |
| 🏦 Broker Type: | ECN, Market Maker, Dealing |
| 📞 Customer Service | Forums, Call Back, Phone, Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | United Kingdom |
Risk Warning
Comparison
Comparison of FxPro with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
FxPro Accounts, Commissions & Fees
FxPro offers a number of account types to meet different trading needs. The MT4 account is designed for traders who prefer the popular MetaTrader 4 platform and offers variable spreads from 1.2 pips. The MT5 account, on the other hand, is designed for traders who prefer the newer MetaTrader 5 platform and offers floating spreads starting at 0.3 pips. The cTrader account is for traders who prefer a more streamlined trading experience and offer spreads starting at 0 pips, but charge a commission instead.
In terms of commissions, FxPro charges competitive spreads starting at 0 pips on some accounts, as well as low commissions on some trading instruments. Exact trading fees vary by account type and trading instrument, so traders should research the specific details of each account before making a decision.
Each account type has different minimum deposit requirements, as well as different leverage levels and trading costs. Traders can choose the account type that best suits their needs and trading preferences. In addition to their standard trading accounts, FxPro also offers a demo account for traders who want to practice their trading strategies and test their skills in a risk-free environment. The demo account offers the same features and functionality as the live trading accounts, but with virtual funds.
| Account type | Standard | PRO Account | Raw+ | Elite |
|---|---|---|---|---|
| Min deposit | $100 | $1000 | $1000 | $30k for 2 months |
| MT 5, MT 4 | ✅ | ✅ | ✅ | ✅ |
| cTrader | ✅ | ✅ | ✅ | ✅ |
| Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| Comissions FX | from1.2 points (included in the spread) | from 0.6 points (included in the spread) | from 0 points (spread from zero + 3.5$/side) | from 0 points (spread from zero + 3.5$/side) |
| Comissions Gold | Spreads starting from 25 cents Average Spread 30 Cents (included in spread) | Spreads from 20 Cents Average Spread 25 Cents (Spreads from zero + 3.5$/side) | Spreads from 10 cents Medium Spreads 15 Cents (Spreads are zero + $3.5 per side) | Spreads from 10 Cents Medium Spreads 15 cents (Spreads from Zero + $3.5 per side) |
| Comissions Bitcoin | Spreads from 30 USD Average Spread 40 USD (Included in spreads) | Spreads from 15 USD Average spreads 20 USD (Included in spread) | Spreads from 15 USD Average spreads 20 USD (Included in spread) | Spreads from 15 USD Average spreads 20 USD (Included in spread) |
| Trade volume | from 0.01 | from 0.01 | from 0.10 | from 0.10 |
| Margin Call / Stop Out | 25%/20% | 25%/20% | 25%/20% | 25%/20% |
| Swap Free Account | ✅ | ✅ | ✅ | ✅ |
Each account type has different minimum deposit requirements, as well as different leverage levels and trading costs. Traders can choose the account type that best suits their needs and trading preferences.
Overall, FxPro's range of trading accounts is designed to provide traders with flexibility and choice. With a variety of account types and features, as well as a demo account for practicing, traders can select the account that best suits their trading needs and preferences.
Risk Warning
Final review
Detailed review of FxPro
FxPro is a reputable online trading broker that provides a range of trading services and features to help clients succeed in the markets. They offer a variety of trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies, which traders can access through their advanced trading platforms, including MetaTrader 4 and 5, cTrader, and FxPro Edge.
For novice traders, FxPro is an excellent choice as a forex broker due to their user-friendly trading platforms and educational resources.
In addition to their range of trading instruments and platforms, FxPro offers a variety of account types to suit different trading styles and experience levels. Their MT4, MT5, and cTrader accounts each offer different features and benefits, such as variable or floating spreads, market or instant execution, and minimum deposit requirements. This allows traders to select the account that best suits their needs and preferences.
In terms of funding and withdrawals, the exchange offers a variety of options, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Most funding options are processed instantly, while withdrawals typically take 2-3 business days to process.
Overall, FxPro's range of trading services and features, combined with their regulation and customer support, make them a reputable and popular choice for traders looking to access global markets. Their advanced trading platforms, range of account types, and copy trading services provide traders with flexibility and choice, while their variety of funding and withdrawal options make it easy for traders to manage their accounts.
Advantages:
FxPro Regulator
The Financial Conduct Authority (FCA) in the United Kingdom
Financial Conduct Authority (FCA): As a regulated broker with the FCA, FxPro must comply with their strict standards of conduct, financial stability, and client protection. This includes meeting capital requirements, maintaining transparent and fair trading practices, and providing negative balance protection to clients. FxPro's compliance with FCA regulations provides an added layer of security for clients, ensuring that their funds are protected and that they are trading with a reputable and trustworthy broker.
Regulator website: The Financial Conduct Authority
The Cyprus Securities and Exchange Commission (CySEC)
Cyprus Securities and Exchange Commission (CySEC): As a regulated broker with CySEC, FxPro must comply with their rules and regulations, which includes protecting clients' interests, providing a fair trading environment, and adhering to anti-money laundering laws. CySEC's oversight helps to ensure that FxPro operates in a transparent and secure manner, providing clients with peace of mind and confidence in the integrity of the broker.
The Dubai Financial Services Authority (DFSA)
Dubai Financial Services Authority (DFSA): As a regulated broker with the DFSA, FxPro must comply with their regulations and standards, which includes ensuring that clients' funds are segregated and protected, maintaining high levels of transparency and disclosure, and adhering to anti-money laundering laws. The DFSA's strict oversight helps to ensure that FxPro operates in a trustworthy and transparent manner, protecting clients' funds and ensuring that they are trading with a reputable broker.
The Financial Sector Conduct Authority (FSCA) in South Africa
Financial Sector Conduct Authority (FSCA): As a regulated broker with the FSCA, FxPro is required to comply with their regulations, which includes protecting clients' funds, providing a fair trading environment, and adhering to anti-money laundering laws. The FSCA's oversight helps to ensure that FxPro operates in a transparent and secure manner, providing clients with the assurance that they are trading with a reputable and trustworthy broker.
Website of the regulatory organization: The Financial Sector Conduct Authority
Risk Warning
Promotions
Bonuses Paid by the FxPro
FxPro offers various bonus programs and promotions for both new and existing clients. Here are some of the bonus programs currently available:
Deposit Bonus
FxPro offers a deposit bonus of up to 100% on new deposits made by clients. The bonus amount depends on the amount deposited, and the bonus can be withdrawn after the required trading volume has been met.
Cashback Rebate
The exchange offers a cashback rebate program that rewards traders for their trading volume. Traders can receive up to $10 per lot traded, depending on their account type and trading volume.
Refer a Friend
FxPro offers a referral bonus program where clients can earn a cash bonus for referring their friends to FxPro. The bonus amount depends on the amount deposited by the referred friend, and the bonus can be withdrawn after the required trading volume has been met.
Free VPS
The exchange offers a free Virtual Private Server (VPS) for clients who meet certain trading volume requirements. The VPS can be used to improve trading performance by providing faster execution speeds and reducing latency.
Education
Review of the FxPro Education Program
FxPro offers an extensive education program for traders of all levels, from beginners to advanced traders. The education program consists of a range of resources and tools, including webinars, video tutorials, eBooks, and articles, all of which are designed to help traders improve their trading skills and knowledge.
One of the key features of FxPro's education program is their range of webinars. These live online events cover a range of topics, including trading strategies, technical analysis, and risk management, and are presented by experienced traders and industry experts. Webinars are available in multiple languages and can be accessed by both new and existing clients.
Here's a breakdown of some of the educational programs and resources offered by FxPro:
Overall, FxPro's education program is a valuable resource for traders of all levels. The program provides traders with the knowledge and tools they need to improve their trading skills and make informed trading decisions. The program's variety of resources and tools, as well as its accessibility to both new and existing clients, make it a valuable resource for anyone looking to improve their trading skills.
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Rating and Comments
FxPro Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I have been using FxPro for a while now, and one of the things I like about the platform is the range of account types they offer. Whether you’re a beginner or an experienced trader, there’s an account type that suits your needs. The different account types also come with varying levels of fees and leverage, so you can choose what works best for you. Overall, I think FxPro does a great job of catering to different types of traders.
FxPro offers a range of educational resources for traders, including webinars, articles, and videos. While I appreciate the effort to provide educational content, I didn’t find the resources particularly useful or insightful. They felt quite generic and didn’t provide me with any actionable advice or strategies.
I had some issues with my account and reached out to FxPro’s customer support team for help. Unfortunately, the experience was not great. The representative I spoke with seemed uninterested in my problem and was not very helpful in finding a solution. It was a frustrating experience, and it definitely impacted my opinion of the platform.
I have been using FxPro for over a year now and I have to say that their trading platform is one of the best out there. It’s user-friendly and easy to navigate, and the execution is fast and reliable. I have never experienced any glitches or bugs while trading with FxPro. Overall, I am very satisfied with the trading platform.