FxPro review 2024 Pros and Cons

BROKER REVIEWS

Founded in 2006, FxPro is a global forex and CFD broker with a longer history than many competing platforms in the industry, and a great degree of trust to go along with it.

The broker’s standout reputation in the market has pushed the company past several milestones, including attaining the 2 million-client mark (in 170+ countries), 635,000,000 orders executed, and a prestigious sponsorship with the McLaren F1 team.

KEY TAKEAWAY
4 Account Types
2,100+ Tradable Assets
Regulated by Reputable Regulatory Authorities
Advanced Trading Tools Available

\Open an account for free!/Open an account
with FxPro

Summary of FxPro

Founded in 2006, FxPro is a global forex and CFD broker with a longer history than many competing platforms in the industry, and a great degree of trust to go along with it.

Regulation and Security

FxPro UK LTD is authorized and regulated by Financial Conduct Authority under registration number 509956. Client funds remain segregated, and traders are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. The FCA is one of the most respected regulators in the world and clients of FxPro can rest assured that their funds are protected, secured and insured.

FxPro Financial Services LTD is authorized and registered by the Cyprus Securities and Exchange Commission under license number 078/07. Trader funds are protected by the Investor Compensation Fund (CIF) and as an EU member, the MiFID II regulatory framework as well as the 4th EU Anti-Money Laundering Directive also apply. In addition, cross-border regulation in all EU member countries is also applicable.

FxPro Financial Services LTD is also authorized and registered by the South African Financial Sector Conduct Authority under authorisation number 45052. FxPro Global Markets LTD is authorised and regulated by the Securities Commission of The Bahamas under license number SIA-F184.

Broker Name FxPro
Country United Kingdom
International offices United Arab Emirates , The Bahamas , Cyprus , Monaco , United Kingdom
Regulation FCA (UK), CySEC (Cyprus), SCB (The Bahamas), FSCA (South Africa)
Address 13 / 14 Basinghall Street, London, EC2V 5BQ, UK

Pros and Cons

Pros

Pros of FxPro
4 Account Types
・2,100+ Tradable Assets
・Regulated by Reputable Regulatory Authorities
・Advanced Trading Tools Available

Cons

Cons of Cons
$100 Minimum Deposit
Limited Educational Resources Available

Trading Conditions

Trading Conditions
Trading platform MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge
Accounts FxPro MT4 Instant (with fixed spreads)
FxPro MT4 Instant (with floating spreads),
FxPro MT4
FxPro MT5
FxPro cTrader
Account currency
USD, EUR, GBP, CHF, AUD, PLN, ZAR, JPY
Replenishment / Withdrawal VISA/MasterCard, Maestro, UnionPay, Cryptocurrency transfers, Perfect Money, Skrill, Neteller
Minimum deposit 100(USD, EUR, GBP, CHF)
 Leverage Up to 1:500 subject to the jurisdiction
 PAMM-accounts No
Min Order from 0.01 lot
Spread from 0.0 pips
Instruments Over 2,100 assets are available: currencies, stocks, indices, futures, metals, energies, and cryptocurrencies
Margin Call 25
Stop Out 20
Liquidity provider 12+
Mobile trading Yes
Orders execution Market Execution
Trading features Scalping – for all types of financial instruments; Negative balance protection for customer accounts; 24-hour multilingual support, 5 days a week; Advisors; Algorithmic Trading.
Contests and bonuses No

Account Type

   Account Type   


Standard

Account

  Pro
Account
  Raw+
Account
  Elite
Account

Account Type

  Standard Pro Raw+ Elite
Platform MT4/5 MT4 MT4 MT4
Leverage Up to 1:1000
Instruments All
Trade size (lots) From 0.01
Charges/Cost
FX (all-inclusive spread)
1.2 pips〜 0.6 pips〜 0 pips〜 0 pips〜
Charges/Cost
Gold (all-inclusive spread)
25 cent〜 20 cent〜 10 cent〜 10 cent〜
Charges/Cost
Bitcoin(all – inclusive spread)
30 USD〜 15 USD〜 15 USD〜 15 USD〜
Min Deposit $100 $1000 $1000 $30k in 2 months

Platform Features

  FxPro Platform
MetaTrader 4
MetaTrader 5
cTrader
EA Trading × ⚫︎ ⚫︎ ⚫︎
Chart trading ⚫︎ ⚫︎ ⚫︎ ⚫︎
DoM (Depth of Market) × × ⚫︎ ⚫︎
1 click trading ⚫︎ ⚫︎ ⚫︎ ⚫︎
Indicators 50+ 50+ (can add custom also) 35+ (can add custom also) 55+ (can add custom also)
Pending order types 4 4 6 6
Trailing stop No Yes Yes Yes + Advanced take profit and breakeven stop loss
Price alerts Sound  Sound, email, notification  Sound, email, notification  –
Chart types Line, Bar, candlesticks, Heiken Ashi, HLC & dots  Line, Bar, candlesticks Line, Bar, candlesticks  Line, Bar, candlesticks & dots
Chart time frames 15 9 21  26+ tick, range & renko
Trading Central Integration No Yes with plug in Yes with plug in Yes via chart targets
Sentiment Only for majors  No No Yes 
Languages 1 37   49 22 
Coding language N / A  MQL4 MQL5  C# 
Integrated Economic calendar ⚫︎ × ⚫︎ ⚫︎ 
Detachable charts ⚫︎ × ⚫︎ ⚫︎ 

Opening an Account

Accounts are opened fast through an online application, the standard operating procedure in today’s marketplace.

After the quick application, which asks for country of residence, desired e-mail, and password, traders need to submit a copy of their ID and proof of residence document as mandated by regulators to address AML/KYC compliance.

Deposits and Withdrawals

FxPro offers a range of payment options inside its FxPro Wallet. Payment options include wire transfers, credit/debit cards, PayPal, Skrill, and Neteller.

FxPro does not charge for deposits and withdrawals, except for a 2.6% fee if traders request a withdrawal without any trading activity.The processing time ranges from instantly to just one working day. It also applies to wire transfers with restrictions based on location.

Third-party bank charges and currency conversion fees may apply. Traders can swiftly move funds between multiple trading accounts inside their FxPro Wallet.

Customer Support

FxPro customer support is best accessed through the Live Chat feature, but traders can also request a call back, contact them via phone, send an e-mail or stop by at one of their office locations.

The multi-lingual support team is available 24/5, but it is highly unlikely that many traders will require their assistance.

Conclusion

A well-regulated broker across four jurisdictions, FxPro has enjoyed phenomenal growth over the past decade thanks to its excellent trading conditions.

Traders can benefit from genuine NDD execution with tight spreads and deep liquidity.

\Open an account for free!/Open an account
with FxPro

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