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User Review
5 (1 vote)

Summary

FxPro is an online trading company that has been in business for more than 15 years. So far, it has executed 250,000,000 trades purchased by 100,000s of online traders from different parts of the world. Headquartered in 13/14 Basinghall Street, City of London, EC2V 5BQ, United Kingdom, this company has five offices in different parts of the world, employs more than 200 people, and has partnered with the external auditor PricewaterhouseCoopers (PwC).

Pros

• Choose from 4 state-of-the-art trading platforms
• Licensed and well-regulated Forex broker
• Wide range of trading tools to maximize trader profits
• Hundreds of instruments across six classes of assets
• Winner of 55+ industry awards

Cons

• No bonuses and promotions
• No educational material for beginners

The company’s most special feature is the sponsorship deals it has signed with AS Monaco FC, World Rally Championship, AFC Champions League, Watford FC, Fulham FC, Beda FxPro Sailing Team, Virgin Racing F1 Team, BMW Sauber F1 Team, and the Intercontinental Rally Challenge.

It is the winner of over 55 international and UK awards, such as the following:

  • Best FX Service Provider (2018) from City of London Wealth Management Awards
  • Best FX Provider (2018) from Online Personal Wealth Awards
  • Most Trusted Forex Brand of UK (2017) from Global Brands Magazine
  • Best Forex Provider (2017) from Wealth Management Awards and Investors Chronicle & Financial Times Investment
  • Named Best MT5 Broker (2015 & 2016) at UK Forex Awards

With over 15 years of industry experience to its credit, the company has traders from 170+ countries all over the world. It enables trading in over 250 instruments, including CFDs on futures, shares, forex, spot metals, spot energies, and spot indices.

The company offers four sophisticated trading platforms—MT4, cTrader, MT5, and Edge. Some of the hottest features of the online trading service include fast execution of orders (less than 13 milliseconds), 24/5 customer support, and trading services in 17+ languages.

Is FxPro Reliable?

The parent company FxPro Group Limited holds companies such as FxPro UK Limited, licensed by the Financial Conduct Authority (FCA); FxPro Financial Services Limited, licensed by the Cyprus Securities and Exchange Commission (CySec); FxPro Global Markets Limited, licensed by the SCB; and FxPro Global Markets MENA Limited, licensed by the Financial Sector Conduct Authority.

FxPro – A Trusted Broker

The company encourages its registered users to trade responsibly and warns them about the risks associated with trading. According to its Invest Responsibly page, spread betting and CFDs are complex instruments associated with high risks. About 79% traders lose their money while trading spread betting and CFDs.

The company warns traders that they tend to take higher risks to avoid losses. Since emotional effect of loss is greater than the emotional effect of gain, investors tend to hang on to investments that have lost value, but sell those that have gained value, it explains.

Open a Demo Account – Your Risk-Free Opportunity to Learn How to Trade

If you are interested in trading, but do not know much about it, you can get started with a demo account. All you have to do is click on the “or open a Demo Account” link at the bottom of the Register Now and get started link. FxPro will open a real money account too along with your demo account. But you can use your demo account as long as you like.

FxPro registration

Whenever you feel that you have learned enough to start trading with real money, you can shift to your real money account.

When you click on the “Register Now and get started” button or the “or open a Demo Account” at the bottom of it, you will be taken to an online registration page. You have to select your country of residence from the dropdown box, input your name, enter your email, and create your password. Finally, you have to click on the light green Register button at the bottom to create your account.

FxPro – Types of Accounts

The company offers three trading solutions, which traders can choose according to their requirements and trading habits. They can open demo accounts for each of these three trading solutions.

FxPro account types

Professional Trading

This type of account comes with benefits such as negative balance protection, higher leverage, segregation of funds, and no intervention from the dealing desk.

Live Trading Account

A live trading account gives traders access to 250+ trading instruments across six classes of assets. The associated benefits are access to a wide range of trading platforms, free analysis and trading tools, and a dedicated account manager. Holders of this account can choose from several banking methods and deposit at least $100 in their accounts.

VVIP Trading Account

This is an exclusive trading account meant for seasoned traders who trade huge volumes. Benefits such as free VPS, invites to exclusive events, daily market analysis, dedicated account manager, and fee free deposits and withdrawals are associated with this type of account.

Trading Platforms on Offer

Trading platform

FxPro offers a number of trading options, including mobile applications as well as web-based applications.

  • MT4 Trading Platform – This platform combines an intuitive interface with a feature-rich environment that can be easily customized. It offers traders everything they need to place orders, manage positions, and chart assets. The MetaTrader 4 platform is available for desktop, web, iOS, and Android.
  • MT5 Trading Platforms – These platforms are easy to use, and traders can easily customize them to suit their style of trading. They can use MT5 to trade on international markets without having to download any software program. They can open as many as 100 charts at a time and chart assets at as many as 21 time frames.
  • cTrader Trading Platform – cTrader is a brand-new platform, but already has a number of satisfied traders using it. It offers the best ask and bid prices and fills in the orders in milliseconds. The user interface is quite impressive, enabling traders to view full market depth. There is no need to install any software to trade on the cTrader Web Platform. It is also available for iOS and Android smartphones and tablets.
  • Edge Platforms – The Edge platform totally revolutionizes the way trading is done online. It features tight spreads, over 100 instruments, and six classes of assets, all free of tax. Traders do not need to download any software in order to use this platform. It features limited risk-free account, no commissions, and the opportunity to trade on spot energies, spot metals, spot indices, shares, and forex.

List of Available Markets

Popular FX pairs

FxPro customers can trade on the following markets:

  • Forex Trading – Trade CFDs on more than 70 pairs of currencies. Enjoy fast execution of trade orders and some of the tightest spreads in the industry.
  • Futures – You can trade CFDs on futures from all over the world.
  • Indices – The broker offers trading on CFDs on some of the top indices from Asia, America, and Europe.
  • Shares – FxPro offers trading on shares of over 150 international companies. The orders are executed very fast (less than 13 milliseconds) and dividend payments are available on long positions.
  • Metals – CFDs are available on spot metals.
  • Energies – Trading is available on spot energies such as WTI, natural gas, and Brent oil.

Tools that Assist in Trading

Registered users can gain instant access to the latest trading news, analysis, and trading tools that can help them to become better traders. The company features an economic calendar, an earnings calendar, a traders’ dashboard, technical analysis from Trading Central, webinars & events, and Fx Pro market news. The trading tools include calculators, direct apps, VPS, tools, and a download center.

FxPro Tools

  • Trading Central – This is one of the top suppliers of technical market analysis. It serves more than 100 financial institutions spread across 30 countries. Traders can use the Trading Central not only to get the best trading ideas, but also to understand their trading strategies.
  • Market News – The Blog provides access to market insights, videos, updates, alerts, and expert market analysis.
  • Economic Calendar – This tool helps serious traders make a proper trading plan based on past economic events, estimated volatility, future reports, and consensus forecasts.
  • Algorithmic Trading – The company offers a strategy builder, which traders can use to convert their strategies into algorithms that run automatically on cTrader and MT4 trading platforms.
  • FxPro Calculators – These tools enable traders to calculate pip value, cTrader commission, profit, swap, and margin.

Banking Information – How to Make Deposits and Withdrawals

The FxPro Wallet makes it very easy for traders to make deposits and withdrawals. You can easily, securely, and quickly transfer funds to and from your online trading accounts and wallets anytime they wish. This feature protects their balance from unexpected movements in the market while simultaneously keeping funds ready for trading.

This is how the Wallet works:

  • Use any of the banking methods available at the broker to load your Wallet.
  • Transfer funds from your Fx Pro Wallet to your trading account.
  • Transfer funds, including profits, back to your account.
  • Withdraw funds partially or completely from the Wallet to your credit card or bank account.

You can deposit a minimum of $500 at a time by using the following methods:

  • Bank Transfer – The time taken for the deposits to reach your account depends on the bank, but withdrawals take one business day.
  • Visa, PayPal, Skrill, UnionPay, and Neteller – Deposits take 10 minutes while withdrawals take one working day.

How to Get Help

FxPro support

FxPro offers excellent customer support 24/5 in over 17 languages such as English, French, and German. You can get support in the following ways:

  • Live Chat – Click on the Live Chat Support link to open the live chat window and instantly connect with a customer support agent.
  • Email – Send an email to [email protected]
  • Telephone – Call using the numbers +44(0)203-151-5550 (international) or 08000-463-050 (UK toll-free).
  • Feedback – Use the online feedback form to leave behind your valuable feedback.

Before attempting to contact a customer support agent, traders can check out the exhaustive Frequently Asked Questions (FAQ) section for answers to their questions.

Our Take on FxPro

Conclusion

Since it has some unique features such as the FxPro Wallet, which minimizes the high risks associated with trading, an impressive video library with educational videos for beginners, and a wide range of trading tools and platforms for seasoned traders, this company is ideal for seasoned traders as well as beginners.

We suggest that you get started with a demo account to not only learn the basics of trading, but also to explore this award-winning service without taking any risks.

FxPro Review: Is it Reliable Forex Broker? Your Complete Guide 2019
The company’s most special feature is the sponsorship deals it has signed with AS Monaco FC, World Rally Championship, AFC Champions League, Watford FC, Fu
Editor's Rating:
5