Expert Investor
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Author: Jessica Green
Financial Analyst
Jessica Green

FxPro Review

9.6
Superb
  • 70+ Pairs
  • A+ Mobile App
  • Fast Payouts
  • Low Deposit
Deposit Methods: AMEX PayPal MasterCard Skrill
AMEX Klarna Neteller Skrill

Editors Summary

FxPro has a very competitive offering when it comes to the Forex trading market. With over ten years' experience in the industry and FCA (UK) and CySEC (Cyprus) licensing they can certainly be trusted. There is also a free demo account allowing you to get to grips with the platform before you invest. Whether you are new to trading or have the benefit of more experience, FxPro offers everything a trader would expect.

Pros And Cons
Over 70+ pairs to trade now
Dual-licensed under FCA and CySEC
Five purpose-built trading platforms
Open to 150 countries, 22 languages
Demo platform requires verification
Trader education is rather lacking
Our Expert Rating
Accounts
10.0
Trades
9.0
Bonuses
10.0
Mobile
9.8
Banking
9.4
Features
9.2
Support
9.8
Overall
9.6
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Introduction

Introduction

Founded in 2006 and based in the UK and Cyprus, FxPro has continued to grow and evolve, now offering their services in 150 countries. Their commitment is to their clients and the service that they provide, and they continually strive to refine the Forex trading service that they offer. Their website echoes their mission to be transparent and innovation.

With multiple accounts, based around the trading platforms that they offer, their service to both new customers and high net worth individuals is technically advanced. The mobile trading experience is perfect for those who like to trade on the move, and there are several trading features available.

While FxPro seems to tick all of the boxes on the surface, how can you be sure that this is the right broker for you? Our team will provide you with everything you need to know about this particular broker. From the trading experience to the incentives and bonuses offered, we research every aspect of trading with FxPro so that we can provide you with a detailed overview.

Account Types

10.0
Account Types

When you arrive at the website and look at the range of trading accounts, you will discover that they offer three different formats; trading accounts, a demo account and a Premium Account. The trading accounts are based on the trading platforms so are named as per the platform that you will trade on:

MT4 Account

The MT4 Account, as the name suggests, operates on the MT4 platform. Each of the FxPro trading accounts except the VIP account requires a recommended deposit of $500. For this, you get spreads of 1.4 pips and up to 1:500 leverage.

MT5 Account

The MT5 Account is for those trading on the MT5 platform. Again, a deposit of $500 is recommended with spreads of 1.4 pips and up to 1:500 leverage.

cTrader Account

The cTrader Account operates on the cTrader platform. As with the MT4 and MT5 versions, a deposit of $500 is recommended with average spreads of 0.3 pips and up to 1:500 leverage.

Market Account

There are some differences with the Market Account to the other accounts, but again you can enjoy up to 1:500 leverage with a recommended deposit of $500 and attractive spreads.

Premium Account

There are significant benefits to opening a VIP Account. They are designed for high net worth individuals and require a $50,000 deposit. For this, you will receive very competitive spreads and leverage, a dedicated account manager, no deposit or withdrawal fees, daily market analysis and invitations to exclusive events.

Demo Account

Like most brokers who want to offer the best possible service to their clients, FxPro provides a free demo account to try before you risk your capital. Based on a simulated version of the live platform, it will allow you to get to grips with trading before you start live trading.

Supported Languages

Trade Features And Payouts

9.0
Trade Features And Payouts

The main features that most traders look for, aside from the ease of use and overall trading experience, is what money they will make on their trades and if the broker is competitive with other brokers.

Leverage

Leverage can vary dramatically between brokers. While some offer 1:50 with some as low as 1:25 others, like FxPro, offer leverage of up to 1:500. This should be observed as the maximum you can achieve and be careful when risking your investment. FxPro does provide negative balance protection, though.

Spreads

The spreads depend on the currency pairs you are trading in and the amount of money you are trading with. If you have a VIP Premium Account, you will achieve much better spreads than those with a Standard Account. Pips range from 0.3 pips to 1.4 as an average across the trading accounts.

Stop Loss

Stop Loss is a useful feature that allows you to exit the trade when the position has been reached. Most brokers offer it as a helpful feature which means that you don't have to be online to close your trades. If you click the SL option, it will close for you and if a TP (Take Profit) is an option you can select this as well.

Platform Types

As described in Account Types, there are various types of trading platform available. They include:

  • FxPro MT4
  • FxPro MT5
  • FxPro cTrader
  • FxPro Edge

Choose the one that best suits your trading requirements and download the version you want. If you wish to use the MT4, MT5, cTrader or Edge, there is plenty to choose from.

Bonuses And Promotions

10.0
Bonuses And Promotions

We could find no evidence of bonuses and promotions offered by FxPro, that's not to say that they don't provide them from time to time. Ordinarily, Forex brokers at least offer some promotion whether it be a no deposit welcome bonus, a deposit bonus or a loyalty reward scheme.

Mobile Trading

9.8
Mobile Trading

This is an essential factor for many of you. With so much activity now taking place on a mobile device, you must be able to carry out their business on the go. If you are looking for an excellent mobile experience then FxPro offers what you need. Whether you choose to use the app or the mobile version of the website, you can choose between MT4 and MT5.

The account that you choose will determine which trading platform you have access to. We recommend checking out the various options before you decide on the best choice for you.

FxPro has continued to grow, now offering their services in 150 countries.

Deposits And Withdrawals

9.4
Deposits And Withdrawals

As you would expect, FxPro accepts major credit and debit cards as well as alternative forms of electronic payment. These include Neteller, Paypal, Skrill, UnionPay and Wire Transfer. In most cases you can make your deposit and start trading immediately. Some forms of payment, such as wire transfer, will take longer to clear.

In the case of withdrawals, the funds are sent back to the source of deposit. Usually it takes one working day. There are no fees for processing withdrawals however there are fees for deposits for non-UK issued credit cards.

Special Features

9.2
Special Features

When it comes to special features, there are a few to mention. Not forgetting the multiple accounts and trading platforms you can also enjoy:

  • The auto-trading platform for those who wish to automate their Forex trades
  • Any funds that you deposit are insured so your money is safe
  • You have access to the FxPro EA library with many tools available.

Customer Support

9.8
Customer Support

FxPro's expert customer support team is available 24 hours a day, 5 days a week. In addition to their well-staffed London and Cyprus offices there are also offices in Dubai, Monaco and the Bahamas. You can contact the customer support team via email, local telephone or by clicking a live chat button at the side of the website. You can also request a call-back to save time waiting in a queue.

If you do find yourself needing the customer support services to rest assured it is available in many languages and FxPro advise that providing you with a support agent who fully understands your request and needs in your native tongue isn't a problem.

Contact Details

We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.

Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.

FxPro

Conclusion

9.6
Conclusion

FxPro has a very competitive offering when it comes to the Forex trading market. With over ten years' experience in the industry and FCA (UK) and CySEC (Cyprus) licensing, they are also licensed to trade by the Dubai Financial Services Authority and the SCB. Their trade platforms are technically advanced with a commitment to continually improving. You have plenty of choice of trading accounts and can choose the mobile experience you want as well.

While there are no bonuses or promotions to speak of, you can enjoy competitive spreads and good leverage. There is also a free demo account allowing you to get to grips with the platform before you invest. If you have any questions or queries, there are plenty of options to get in touch with someone from their customer support team. Whether you are new to trading or have the benefit of more experience, FxPro offers everything a trader would expect.

Our Review Rating System (More Info)

To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

10% 10% 10% 15% 15% 20% 20% Pie Core
  • Account Types
  • Banking & Payouts
  • Bonuses & Promotions
  • Mobile Trading
  • Trade Types
  • Special Features
  • Customer Support
Expert Reviews

Frequently Asked Questions

FAQ

Is FxPro legit, will they scam me?

FxPro has been trading for several years now and offer their services in many countries around the world. In this time, they have built up the right name and reputation.

Do they have a decent mobile or tablet app?

There are several options when it comes to mobile trading. With apps in both MT4 and MT5, the user can choose their account and trading platform.

What bonus do they offer for new traders?

After thorough research, there is no evidence that there are any current bonuses offered by the broker. That's not to say that there aren't welcome bonuses from time to time.

Can I start trading on a free demo account?

All traders have access to a demo account. What this means is that you can practise trading on your desired platform, without having to deposit any funds.

What's the min. deposit and ideal trade amount?

The minimum recommended deposit is $500. If you are a VIP with a high net worth, then you can expect to deposit $50,000 for all the benefits of a Premium Account.

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Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Meet The Author
Jessica Green
Jessica Green
Financial Analyst

Jessica has written for us for 5 years and offers a unique perspective due to her having worked in the financial industry internationally. In fact, Jessica has worked in a staggering 8 countries including Germany, China and the USA.

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