FxPro Review 2024

What is FxPro?

FxPro is a leading online trading platform that offers a wide range of financial instruments for trading. It is recognized for its state-of-the-art trading tools, high liquidity, and advanced trade execution. History and Achievements FxPro was conceived in 2002 and established in 2006. Over the years, it has achieved exponential expansion and has been voted as the ‘Best Broker’ by the Financial Times from 2010 to 2019. It has also been awarded the ‘Most Trusted Broker 2021’ at the Ultimate Fintech Awards. Regulations and Compliance FxPro is regulated by several financial authorities worldwide. FxPro UK Limited is authorised and regulated by the FCA since 2010. FxPro Financial Services Limited is authorised and regulated by the CySEC since 2007 and by the FSCA since 2015. FxPro Global Markets Limited is authorised and regulated by the SCB. Trading Instruments FxPro offers Contracts for Difference (CFDs) on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energy. It provides its clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. Company Profile FxPro has a company capital of €100,000,000 (actual Tier 1) and has been successful for over 20 years in the industry. It has received more than 105 international awards and has 9 global sponsorships. The company offers 4 trading platforms and more than 2100 financial instruments. Execution Model FxPro is known for its ultra-fast and award-winning execution, helping clients to execute with precision. Most orders are filled in less than 13 ms, and up to 7,000 orders are executed per second. In conclusion, FxPro is a well-established and highly regarded trading platform in the forex industry, offering a wide range of trading instruments, advanced trading tools, and excellent customer service.

What is the Review Rating of FxPro?

What are the Pros of FxPro?

FxPro is a leading online forex and CFD broker that offers a range of advantages for traders of different levels and preferences. Here are some of the pros of FxPro that make it a popular choice among forex traders:. No dealing desk intervention: FxPro is a No Dealing Desk (NDD) broker, which means that it does not take the opposite side of your trades or interfere with your execution. This allows you to enjoy fast execution speeds, low latency, and transparent pricing. Multiple platform options: FxPro supports four superior trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and its own proprietary solution, FxPro Edge. You can choose the platform that suits your trading style, whether you prefer desktop, web, or mobile trading. Wide range of instruments: FxPro offers thousands of CFDs across six asset classes: forex, stocks, indices, commodities, futures, and cryptocurrencies. You can trade over 70 currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. You can also access hundreds of stocks from major economies such as the US, UK, France, and Germany. , as well as popular cryptocurrencies such as Bitcoin and Ethereum. Strong customer support: FxPro has a well-performing customer service that provides fast and relevant answers in many languages. You can contact them via phone, email, live chat, or social media channels. FxPro also has an interactive learning center for beginners with tests, courses, video tutorials, and webinars. Awards and recognition: FxPro has won more than 100 industry accolades for its competitive trading conditions and innovative products. Some of the awards include Best Broker 2021 (UK), Ultimate Fintech Awards Best FX Provider 2021. , Best Trading Platform 2020 (Investors Chronicle & Financial Times), and Best in Class for Algorithmic Trading in 2023. . FxPro is a trusted broker that has been operating since 2006 and is regulated by four reputable authorities: the Financial Conduct Authority (FCA) in the UK; the Cyprus Securities and Exchange Commission (CySEC) in Cyprus; the Financial Sector Conduct Authority (FSCA) in South Africa; and the Financial Services Commission (FSC) in Mauritius. If you are looking for a reliable partner to trade forex and CFDs online, you may want to consider FxPro as one of your options.

What are the Cons of FxPro?

Here are some of the cons of FxPro:. Higher-than-average pricing: FxPro’s primary drawback is its higher-than-average pricing, which just can’t compete with the lowest-cost forex brokers, even on its lowest spreads available via its cTrader platform offering. Limited platform option: FxPro’s proprietary platform, FxPro Edge, has established a good foundation for a new web-based platform, but still can’t compete with the best proprietary trading platforms. Fewer symbols for forex and CFD traders: FxPro offers fewer symbols for forex and CFD traders than the leading multi-asset brokers. Segmented client experience: The BnkPro app for banking and payments offers thousands of global stocks to trade, but is segmented away from the FxPro client experience through the BnkPro brand. Inactivity fee: FxPro charges an inactivity fee. High stock CFD fees: FxPro has high stock CFD fees. High VPS service fee: The FxPro VPS service is another important feature for Forex traders who handle their accounts with automated trading solutions, but the monthly fee of $30 is relatively high. Please note that while FxPro has these cons, it also has many pros and is considered a highly trusted broker. It’s important to consider both the pros and cons when choosing a forex broker. Always do your own research and consider your individual trading needs before making a decision.

What are the FxPro Current Promos?

Forex broker promotions, including bonuses, are designed to make trading more attractive to clients and to encourage them to stay with the broker for a long time. Sometimes, these promotional offers can be very generous, such as an extra $100 added to a trader’s account. However, it is important to note that, as of the latest information available, FxPro does not offer a Sign-Up Bonus, welcome bonus, no-deposit bonus, or the advantage of a no-deposit bonus when traders register a real account for the first time. Despite the lack of these specific promotions, FxPro is recognized as a trustworthy and reliable broker in the industry. They offer a wide selection of trusted, award-winning platforms and account types to choose from. Traders can trade CFDs on a wide range of instruments, including popular FX pairs, Futures, Indices, Metals, Energies, and Shares. It’s also worth mentioning that FxPro provides free and unlimited access to personal account managers, forex market research, daily forex webinars, video tutorials, forex trading signals, daily technical analysis, daily market outlook, and 24/5 live customer support in over 30 languages. While FxPro may not offer specific promotional bonuses, their comprehensive services and resources provide a valuable trading experience for their clients.

What are the FxPro Highlights?

FxPro is a well-known name in the forex industry, recognized for its reliability and trustworthiness. It is regulated by multiple authorities, including the FCA, CySEC, FSCA, and SCB. FxPro offers a wide range of trading instruments, including popular FX pairs, Futures, Indices, Metals, Energies, and Shares. This allows traders to experience global markets at their fingertips. FxPro has been providing online trading services since 2006 and currently serves clients in 173 countries worldwide. The company has received over 105 international awards for the quality of its services. FxPro offers a variety of account types to cater to different client needs. These include the Standard account, Pro account, Raw+ account, and Elite account. FxPro is also known for its MetaTrader and cTrader platform offerings, which are available for desktop, web, and mobile. The company provides fully-transparent execution methods that vary by account type. However, it’s worth noting that FxPro’s pricing is higher than average, which may not be competitive enough compared to other forex brokers. In summary, FxPro is a highly trusted forex broker that offers a wide range of trading instruments and account types, backed by multiple regulations and a strong reputation in the industry.

Is FxPro Regulated and who are the Regulators?

Yes, FxPro is indeed a regulated entity. It operates under the supervision of several regulatory bodies across different jurisdictions, ensuring a high level of compliance and security for its clients. FxPro Financial Services Ltd is regulated by the Cyprus Securities and Exchange Commission (‘CySEC’) and by the South Africa Financial Sector Conduct Authority (‘FSCA’). This means that FxPro adheres to the stringent regulations set by these authorities, providing a secure trading environment for its clients. In addition to CySEC and FSCA, FxPro is also regulated by the Financial Conduct Authority (FCA). The FCA is a highly respected regulatory body in the UK, known for its rigorous oversight and consumer protection measures. FxPro UK Limited received its regulation from the UK Financial Services Authority (FSA) on 18 August 2010. This license was renewed by the FCA on 1 April 2013, after the FSA was dissolved and divided between the Prudential Regulation Authority (PRA) and the FCA. Furthermore, FxPro’s commitment to transparency and fair trading practices is reflected in its claim of being a trustworthy and reliable broker. In conclusion, FxPro’s multi-jurisdictional regulation provides a robust framework that protects the interests of its clients, making it a safe and reliable choice for forex traders worldwide.

Did FxPro win any Awards?

FxPro, a UK-regulated broker company, has been recognized for its excellence in the forex industry with numerous awards. FxPro’s Awards and Recognition FxPro’s Trophy Cabinet is a testament to the company’s commitment to providing top-tier services and products that set it apart in the industry. The company has been the preferred choice of traders, not only for its superior trading conditions but also for the wide range of services, products, and platforms it offers. Key Awards. FxPro was named the Best Broker in 2021 by the Ultimate Fintech Awards. The company was recognized as the Best FX Service Provider in 2023 by the City of London Wealth Management Awards. FxPro’s trading platform was awarded the Best Trading Platform in 2020 by the Investors Chronicle & Financial Times. The company has also been recognized multiple times as the Best FX Provider. Additional Accolades FxPro has received over 85 international awards, including being named the Best Forex Provider in 2022 by the Online Money Awards. The company was also recognized for its contribution to investor education. Company Overview FxPro has been operating since 2006 and has become one of the world’s leading Forex and CFD brokers. The company serves clients in over 170 countries and offers a range of assets including CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies, and cryptocurrencies. Conclusion FxPro’s numerous awards and recognitions underscore the company’s commitment to excellence and innovation in the forex industry. The company continues to strive for growth and distinction, ensuring its Trophy Cabinet will continue to expand with new awards.

How do I get in Contact with FxPro?

FxPro, a leading forex broker, offers multiple channels for customers to get in touch with their dedicated customer service team. Email Support You can write to them at support@fxpro.com. For sales inquiries, you can email them at info@fxpro.com. Phone Support FxPro provides toll-free local calls at 08000 463 050. Their reception operates from 7:30am to 4:30pm GMT and can be reached at +44 (0) 20 7776 9720. For sales inquiries, you can call +44 (0) 203 151 5550. Live Chat Support FxPro also offers live chat support for instant help. Physical Locations FxPro has offices in multiple locations:. United Kingdom: FxPro UK Ltd, 13-14 Basinghall str., City of London, EC2V 5BQ, UK. Cyprus: FxPro Financial Services Ltd, Karyatidon 1, Ypsonas 4193, Cyprus. Monaco: Administrative Office, 26, Boulevard des Moulins, Monaco, 98000. Bahamas: FxPro Global Markets Ltd, Lyford Manor, Western Road, Lyford Cay, New Providence, N7776, The Bahamas. United Arab Emirates: Dubai office, 2 Al Asayel Str - Building 2 - Office 101 1st floor - Bay Square Business Bay, PO BOX No. 9832, Dubai. Their dedicated multi-lingual customer service teams work 24/5, providing the highest possible level of support for all your trading needs.

Where are the Headquarters from FxPro based?

Established in 2006, FxPro has grown to become a leading player in the world of forex trading. The company’s headquarters are strategically located in the heart of London’s financial district. The exact address of FxPro’s headquarters is 13-14 Basinghall Street, City of London, EC2V 5BQ, UK. This location places FxPro in close proximity to many of the world’s leading financial institutions and provides it with access to a robust infrastructure that is critical for its operations. In addition to its UK headquarters, FxPro has a strong international presence with offices in various jurisdictions. These include:. Cyprus: FxPro Financial Services Ltd, Karyatidon 1, Ypsonas 4193, Cyprus. Monaco: Administrative Office, 26, Boulevard des Moulins, Monaco, 98000. Bahamas: FxPro Global Markets Ltd, Lyford Manor, Western Road, Lyford Cay, New Providence, N7776, The Bahamas. United Arab Emirates: Dubai office, 2 Al Asayel Str - Building 2 - Office 101 1st floor - Bay Square Business Bay, PO BOX No. 9832, Dubai. . FxPro’s multilingual customer service teams work 24/5, providing the highest possible level of support for all trading needs. This commitment to customer service, combined with its strategic locations, positions FxPro as a truly global forex broker.

What kind of Customer Support is offered by FxPro?

FxPro, a leading player in the forex trading industry, offers a comprehensive customer support system to cater to the diverse needs of its global clientele. Contact Channels FxPro provides multiple channels for customers to reach out for support. These include:. Live Chat Support: For instant help from their support team. Request a Call Back: Customers can request a call back at their convenience. Email Support: Customers can write to support@fxpro.com. Multilingual Support FxPro’s dedicated customer service teams are multilingual and work 24/5, providing the highest possible level of support for all trading needs. Global Presence FxPro has a strong global presence with offices in the United Kingdom, Cyprus, Monaco, Bahamas, and the United Arab Emirates. Each office is equipped to handle customer queries and provide support. Awards and Ratings FxPro’s commitment to excellent service is reflected in their high customer ratings. They have a rating of 4.5/5.0, as verified by LiveChat in November 2023. In conclusion, FxPro’s customer support system is designed to provide a seamless and efficient service experience to its customers. Their multilingual support teams, multiple contact channels, and global presence ensure that customers’ trading needs are met promptly and effectively.

Which Educational and Learning Materials are offered by FxPro?

FxPro provides a wide range of educational and learning materials for both beginners and advanced traders. These resources are designed to help traders understand the financial markets, trading strategies, and the tools available for trading. For Beginners: FxPro offers interactive educational materials for novice traders. These online lessons are designed to provide basic knowledge on financial markets, fundamental and technical analysis, as well as market psychology. The topics are divided into small cards with illustrations for more convenient learning. For Advanced Traders: FxPro also provides advanced knowledge through their technical analysis section. This includes trading signals for all FxPro clients and technical analysis by Trading Central. Trading Central is a leading provider of unbiased technical analysis for market professionals. Trading Tools: FxPro provides its customers with advanced forex trading tools. This includes a Trader’s Dashboard, FxPro Calculators, and a FxPro VPS. The FxPro VPS allows traders to upload their trading algorithms to a Virtual Private Server and trade around the clock with no downtime. News & Analysis: FxPro offers powerful informational support through their FxPro Market News. This includes sharp analytics for active traders and an Economic Calendar for world major data publications. Webinars & Events: FxPro organizes webinars and events to provide additional learning opportunities. Algorithmic Trading: FxPro allows traders to turn their own strategies into trading algorithms that can automatically run on their MT4 and cTrader platforms. In conclusion, FxPro provides a comprehensive suite of educational materials and learning tools to support traders at all levels. Whether you’re a beginner looking to understand the basics of forex trading, or an experienced trader seeking advanced strategies and technical analysis, FxPro has resources to assist you.

Can anyone join FxPro?

FxPro, a leading online broker, offers trading services to both retail and institutional clients. However, the eligibility to join FxPro is subject to certain conditions and regulations. One of the key regulations that governs FxPro’s operations is the Markets in Financial Instruments Directive (MiFID II). This directive, which came into force on 3rd January 2018, aims to strengthen investor protection and improve the functioning of financial markets. It allows investment firms to provide investment and ancillary services within the territory of another member state, provided that such services are covered by the investment firm’s authorisation. Client funds at FxPro are kept in major banking institutions such as Barclays Bank PLC, Julius Baer, and Royal Bank of Scotland. The company ensures a diversification of client funds among banks while monitoring credit risk regularly. Importantly, client funds are only kept in jurisdictions where segregation of client funds is supported by the local legal framework. FxPro offers Negative Balance Protection to all clients as part of the Client Agreement. This means that clients may never lose more than their total deposits. All client funds deposited with FxPro are fully segregated from the company’s own funds and are kept in separate bank accounts. This ensures that funds belonging to clients cannot be used for any other purpose. FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Investor Compensation Fund (ICF). Eligibility for these schemes depends on the status and the nature of the claim. It’s important to note that if you are an experienced trader, you may re-categorise as an elective professional and waive some of the regulatory protections afforded to retail clients. In this case, you will not be subject to the leverage restrictions applicable to retail traders. However, you may not be entitled to regulatory investor compensation. FxPro also offers VIP Accounts for high net worth individuals who trade large volumes. These accounts come with benefits such as up to 30% discount on market spreads, access to free VPS, and up to 30% lower commission on cTrader accounts. In conclusion, while FxPro offers a range of services and account types to cater to different types of traders, eligibility to join FxPro is subject to certain conditions and regulations. Potential clients are advised to refer to FxPro’s legal documentation and compensation policy for further details.

Who should sign up with FxPro?

FxPro is a well-established and well-capitalized forex and CFD brokerage company that offers a wide range of trading options. Here are some key points to consider when deciding whether to sign up with FxPro:. Diverse Trading Options: FxPro offers access to trade several asset classes, such as forex, energies, shares, metals, cryptocurrencies, and futures. Over 2100+ instruments are available on its platforms, making them ideal for multi-asset investors and traders. Regulation and Trustworthiness: FxPro operates with four industry licenses from well-known regulators. FxPro UK Limited operates under FCA’s regulations and authorization in the United Kingdom. FxPro Financial Services Ltd (Europe) operates under the supervision of the Cyprus Securities and Exchange Commission CySEC. User-Friendly Platform: The FxPro Platform is a great option for those who wish to conveniently manage their funds and trade the full range of derivative assets classes directly from the FxPro app, without having to install any other applications. Professional Traders: FxPro is a trustworthy broker that offers multiple platform options, multiple trade execution methods, and can cleanly execute large orders for professional traders. Given these points, FxPro is a suitable choice for both novice and experienced traders looking for a reliable and versatile trading platform. However, as with any financial decision, potential users should conduct thorough research and consider their individual trading needs and goals before signing up.

Who should NOT sign up with FxPro?

While FxPro is a reputable forex broker with a wide range of offerings, it may not be the ideal choice for everyone. Here are some types of traders who might want to consider other options:. Beginners and Casual Traders: FxPro’s higher-than-average pricing. may not be suitable for beginners or casual traders who are looking for a cost-effective platform. These individuals might find better value with brokers that offer more competitive pricing structures. Traders Seeking a Wide Range of Trading Instruments: Although FxPro offers a variety of trading instruments, its product portfolio is limited to forex and CFDs. Traders interested in a broader range of investment options, such as equities or commodities, may need to look elsewhere. Traders Prioritizing Customer Service: Some users have reported dissatisfaction with FxPro’s customer service. For instance, there have been instances where users were suggested to withdraw funds and close their accounts when they raised queries. Traders who prioritize responsive and empathetic customer service might prefer a broker with a stronger reputation in this area. Traders in Certain Jurisdictions: FxPro is not available in all countries. For example, traders from the United States are not able to open an account with this broker. Traders Seeking Proprietary Platforms: While FxPro’s proprietary platform, FxPro Edge, has established a good foundation for a new web-based platform, it still can’t compete with the best proprietary trading platforms. Remember, it’s crucial to thoroughly research and consider multiple factors before choosing a forex broker. Factors such as fees, available trading instruments, customer service, and geographical restrictions should all play a role in your decision-making process.

Does FxPro offer Discounts, Coupons, or Promo Codes?

FxPro, a major player in the trading and brokerage service industry, does offer various promotional deals and discounts. However, it’s important to note that these offers can vary and may not always be available. Promo Codes and Discounts FxPro has been known to offer promo codes that can provide up to 85% off. These codes are often used by stores like FxPro, especially in December. However, it’s worth noting that FxPro very rarely issues promotional discount codes. Competitor Codes FxPro also offers competitor codes that can get you up to 85% off on trading and brokerage services. These codes are a great way to save money, especially if you’re looking to try out new strategies or platforms. Amazon and eBay Deals In addition to their own discounts, FxPro also has deals and price drops available on Amazon. You can also find FxPro items at up to 30% off on eBay. FxPro CopyTrade Coupons FxPro CopyTrade, a service of FxPro, also offers coupons and discount deals. These can be quickly filtered to find exclusive or verified offers. Exclusive Bonuses FxPro also offers exclusive bonuses that can be unlocked with their promo codes. These bonuses can significantly boost your trading potential. However, it’s crucial to understand how to apply these codes and what conditions apply. Always weigh the pros and cons before using any financial offer. Terms and conditions apply, including the bonus amount, trading volume requirements, and withdrawal conditions. In conclusion, while FxPro does offer various discounts, coupons, and promo codes, the availability of these offers can vary. It’s always a good idea to check their website or other reliable coupon sites for the latest deals and discounts. Happy trading!.

Which Account Types are offered by FxPro?

FxPro offers a variety of account types to cater to the diverse needs of traders. Here are the details:. MT4 Account with Fixed Spreads and Instant Execution: This account type is ideal for traders who prefer fixed spreads. It offers instant execution, which means orders are executed at the requested price as long as the market conditions allow it. MT4 Account with Floating Spreads and Instant Execution: This account type offers floating spreads and instant execution. Floating spreads can be advantageous during times of low market volatility. MT4 Account with Floating Spreads and Market Execution: This account type offers floating spreads and market execution. Market execution ensures that orders are executed at the best available price in the market. cTrader Account with Floating Spreads and Market Execution: This account type is designed for traders who prefer the cTrader platform. It offers floating spreads and market execution. MT5 Account with Floating Spreads and Market Execution: This account type is suitable for traders who prefer the MT5 platform. It offers floating spreads and market execution. Spread Betting Account: This account type is available to clients of FxPro UK Limited that reside in the UK. VIP Account: This account type is designed for traders with high deposits. Corporate Account: This account type is ideal for companies. Islamic Account: This account type is designed for Muslim traders. Each account type offers different trading conditions based on the jurisdiction. Traders can choose the account type that best suits their trading style and requirements. Please note that the trading conditions for each account type can be found on the FxPro website.

How to Open a FxPro LIVE Account?

Opening a live account with FxPro, a leading forex broker, involves a series of steps. Here’s a detailed guide:. Registration: Visit the FxPro homepage. and click on the ‘Register’ icon. You can also register through the FxPro App for iOS & Android. Personal Information: Fill in your basic personal information, including your country of residence, full name, and email address. Then set your password. ID Verification: You will be asked to upload your ID document(s) during the process. You can also upload them later via FxPro Direct. Account Funding: Once registered, you can proceed to fund your account. FxPro offers a range of convenient payment methods all with 0 funding fees. Start Trading: Start live trading over thousands of CFDs on 6 asset classes: FX, Metals, Shares, Indices, Energy & Futures. Please note that the jurisdictions available to you will depend on your country of residence. FxPro does not offer Contracts for Difference (CFDs) to residents of certain countries such as the United States of America and the Islamic Republic of Iran. For any further assistance, you can reach out to FxPro’s customer support. They offer dedicated 24/5 customer support. You can write to them at support@fxpro.com. or request a call back. Remember, forex trading involves risk and isn’t suitable for everyone. Always trade responsibly.

How to Open a FxPro DEMO account?

Opening a FxPro DEMO account is a straightforward process that allows individuals to gain hands-on experience in forex trading. Here’s a step-by-step guide:. Visit the FxPro Homepage: Navigate to the official FxPro website. Click on ‘Try Demo Account’: On the homepage, locate and click on the ‘Try Demo Account’ link. Select Account Type: Choose the preferred account type. Options include FxPro MT4, MT5, cTrader, and FxPro Edge. Fill Out Personal Details: Provide necessary personal information such as name, date of birth, address, employment status, and previous trading experience. Accept Terms and Conditions: Review and accept the terms and conditions to proceed. Create the Demo Account: After registration, log in to your FxPro Direct account page and create the demo account. Choose Platform and Set Parameters: Select the trading platform, leverage, account’s currency, and the starting amount for the demo account. Once these steps are completed, FxPro will send an email with the account details. Now, the demo account is ready for use. It’s important to note that while demo accounts present real market conditions and prices, they are simulations and may not always reasonably reflect all of the market conditions. Therefore, any success with the Demo Account should not be expected to be replicated in live trading. Remember, the primary purpose of a demo account is to provide a risk-free environment for inexperienced traders to learn and for experienced traders to test new trading strategies. Happy trading!.

How Are You Protected as a Client at FxPro?

As a client at FxPro, you are protected in several ways:. Investor Protection: FxPro offers investor protection to its clients. This means that some or all of FxPro’s clients have access to investor protection, which guarantees the return of your money if your broker goes bankrupt. Negative Balance Protection: FxPro provides negative balance protection. This means that if the balance on your account goes into negative, you will be protected. Regulation: FxPro is regulated by several entities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Securities Commission of the Bahamas. This means that FxPro operates in accordance with the rules and regulations set by these entities, providing an additional layer of protection for its clients. Segregation of Funds: FxPro takes the safety of client funds very seriously. All client funds are fully segregated from the company’s own funds and kept in separate bank accounts in major European banks. This ensures that client funds cannot be used for any other purpose. Protection Amounts: The amount of protection offered to clients depends on their country of residence. For example, clients in the UK are protected up to £85,000 by the FCA, while clients in the EEA are protected up to €20,000 by the CySEC. However, it’s important to note that clients in South Africa and all other countries do not have any protection. In conclusion, FxPro provides a comprehensive suite of protections for its clients, including investor protection, negative balance protection, regulation by several entities, segregation of funds, and varying protection amounts depending on the client’s country of residence. These measures ensure that as a client, your funds are safe and you are protected in the event of any unforeseen circumstances.

Which Funding methods or Deposit Options are available at FxPro?

FxPro offers a variety of funding methods and deposit options for its users. Here are the details:. FxPro Wallet: FxPro has introduced the FxPro Wallet, a ground-breaking money and risk management tool. This wallet allows users to transfer funds between their FxPro Wallet and trading accounts at any time they wish. Payment Methods: FxPro accepts several payment methods. These include Bank Wire transfers, Credit/Debit cards, PayPal, Neteller, and Skrill. The availability of these methods may vary based on the user’s country of residence. Processing Times: The time taken for the transfer to reach FxPro’s bank will depend on the banks involved. Credited funds will then be transferred to the user’s FxPro trading account within one working day. Fees: FxPro does not charge for bank wire transactions. However, the sending and correspondent bank may charge according to their own fee structure. Recommended Minimum Amount: The recommended minimum amount for funding is USD $1000, EUR €1000, GBP £1000, CHF ₣1000, PLN zł4000, AUD $1000, JPY ¥100,000, ZAR 17,000. Please note that customers who funded by card may only be able to withdraw up to the amount that they funded by the specific card in the last 6 months or 1 year, depending on the card processor used. For any enquiries about payment methods, users can contact FxPro at accounting@fxpro.global.

What is the Minimum Deposit Amount at FxPro?

The minimum deposit amount required to open an account with FxPro is $100 USD. However, the recommended initial deposit amount is $1000 USD. This higher initial deposit is suggested to provide a sufficient margin, allowing traders to better manage their trades and risk. FxPro offers a variety of funding methods, and the processing times for deposits can vary depending on the method used. It’s important to note that while FxPro does not charge for bank wire transactions, the sending and correspondent bank may charge according to their own fee structure. FxPro also provides a unique feature called the FxPro Wallet, which allows traders to transfer funds between their wallet and trading accounts at any time. This can be a useful tool for managing risk and protecting your funds. In the context of forex trading, having a sufficient initial deposit is crucial. It not only allows traders to take advantage of more trading opportunities but also helps in managing risk effectively. While the minimum deposit requirement at FxPro is relatively low, the recommended amount aims to ensure that traders have enough capital to withstand the fluctuations of the forex market. Please note that forex trading involves significant risk and isn’t suitable for all investors. It’s always recommended to fully understand the risks involved before starting to trade.

Which Withdrawal methods are available at FxPro?

At FxPro, a leading online broker in the forex industry, clients have multiple options to choose from when they wish to withdraw money. These options are designed to provide flexibility and convenience, catering to a wide range of client needs. 1. Bank Wire Transfer: This is a traditional and reliable method of transferring money. The time taken for the transfer to reach FxPro’s bank will depend on the banks involved. Once the funds are credited, they will be transferred to your FxPro trading account within one working day. FxPro does not charge for bank wire transactions, however, the sending and correspondent bank may charge according to their own fee structure. 2. Credit/Debit Cards: FxPro accepts withdrawals to credit or debit cards. This is a convenient method for many clients. However, customers who funded by card may only be able to withdraw up to the amount that they funded by the specific card in the last 6 months or 1 year, depending on the card processor used. 3. E-Wallets: FxPro also supports withdrawals to popular e-wallets. This provides a quick and easy way for clients to access their funds. Skrill: Skrill is a widely used e-wallet that offers fast and secure transactions. Neteller: Neteller is another popular e-wallet option for online transactions. . Please note that you can only withdraw funds to accounts that are in your name. For any enquiries about payment methods, you can contact FxPro at accounting@fxpro.global. It’s also worth mentioning the FxPro Wallet, a ground-breaking money and risk management tool. With the FxPro Wallet, you can transfer funds between your wallet and trading accounts at any time you wish. Remember, the choice of withdrawal method may depend on various factors such as your location, the amount you wish to withdraw, and the time you can wait for the transaction to complete. Always choose the method that best suits your needs.

Which Fees are charged by FxPro?

FxPro, a renowned forex trading platform, charges various types of fees. Here’s a detailed breakdown:. 1. Commission Charges: FxPro charges a commission only on FX pairs and Spot Metals on the FxPro cTrader platform. The commission is calculated as $35 per million USD traded. The formula for calculating the commission per side is as follows. Commission per side. Trade size in base currency. USD conversion rate. Commission per side=USD conversion rateTrade size in base currency×.

What can I trade with FxPro?

With FxPro, traders have access to a wide range of financial instruments across several asset classes. Here are the details:. Forex Trading: FxPro offers over 70 currency pairs with ultra-fast execution speeds and tight spreads from 0.46 pips on EUR/USD. Various short-term forex strategies are permitted, including EA trading and hedging. Stock Trading: FxPro provides hundreds of stocks and ETFs from major economies including the US, UK, France, and Germany. Traders have access to high-quality research resources. CFD Trading: FxPro offers thousands of CFDs on forex, commodities, indices, shares, and futures. The broker’s analysis and charting capabilities are some of the best in the industry, with Trading Central integration, advanced order types, and access to custom indicators. Crypto Trading: Non-UK FxPro traders can access CFDs on 28 popular cryptocurrencies, including Bitcoin and Ethereum, as well as smaller tokens like Tron. Algo traders can also make use of trading bots and custom indicators within the third-party platforms. Spread Betting: UK FxPro traders can access tax-free trading opportunities on six asset classes through the broker’s EDGE spread betting platform, with leverage up to 1:30. Short-term traders can build a diversified portfolio while enjoying zero commissions on spread bets. FxPro is known for its fast execution speeds under 13ms and co-located trading servers with Tier 1 banks. It’s important to note that while FxPro offers a wide range of trading options, popular products such as real stocks or ETFs are not available.

Which Trading Platforms are offered by FxPro?

FxPro, a global leader in CFD trading, offers a variety of trading platforms to cater to the diverse needs of traders. FxPro Trading Platform: This proprietary platform is designed to accommodate clients’ needs and preferences. It provides an all-in-one solution, allowing users to manage their accounts, manage funds, and trade from the integrated platform. The platform is available for both iOS and Android. It features an interactive economic calendar, volatility push notifications, and allows users to open and manage accounts, deposit, transfer, and withdraw funds. Webtrader: This online web platform allows convenient access to FxPro EDGE Accounts directly from your browser. It has a highly customizable interface and advanced trading widgets. It offers 50+ technical indicators and charting tools, detachable chart windows, useful trading widgets, and a customizable layout. It also provides 6 chart types with 15 timeframes and dark/light themes. cTrader: This platform is available for download from the FxPro trading platform download centre. It is known for its speed, charting capabilities, and high level of customizability. MetaTrader 4 (MT4): MT4 is one of the most popular trading platforms in the forex industry. It offers advanced charting tools, numerous technical indicators, and supports automated trading systems. MetaTrader 5 (MT5): MT5 is the successor to MT4 and provides additional features such as more timeframes, additional technical indicators, and an integrated economic calendar. FxPro Edge: This is FxPro’s flagship app, which is available for mobile devices. It provides a user-friendly interface and a range of features to help traders make informed decisions. These platforms support trading in a wide range of CFD asset classes including Forex (EURUSD, USDCHF, USDJPY, etc.), Shares (Apple, Amazon, Netflix, etc.), Futures (Cocoa, Coffee, S&P500, etc.), Spot Metals (Gold, Silver), Spot Energy (Brent, WTI, etc.), and Indices (FTSE100, Euro50, etc.). Traders can choose from Standard, Pro, Raw+ or Elite account types. The platforms offer market execution with NDD* intervention and ultra-fast execution.

Which Trading Instruments are offered by FxPro?

FxPro, a global leader in the world of trading, offers a wide range of trading instruments. These instruments are designed to cater to the diverse needs of traders worldwide. Here is a detailed list of the trading instruments offered by FxPro:. Forex: FxPro offers Contracts for Difference (CFDs) on Forex. This allows traders to speculate on the rising or falling prices of fast-moving global financial markets (or instruments) such as shares, indices, commodities, currencies, and treasuries. Metals: Traders have the opportunity to trade CFDs on various metals. This includes precious metals like gold and silver, which are often considered safe-haven assets and can provide a potential hedge against inflation. Futures: FxPro provides its traders with the ability to trade CFDs on Futures. Futures trading allows traders to buy or sell a particular asset at a predetermined price at a specific time in the future. Shares: FxPro offers CFDs on Shares. This allows traders to speculate on the price movements of shares from leading global companies without owning the underlying asset. Spot Indices: With FxPro, traders can trade CFDs on Spot Indices. Spot Indices allow traders to speculate on the movements of many different global indices. Spot Energy: FxPro offers its traders the ability to trade CFDs on Spot Energy. This includes trading on the price movements of commodities like crude oil and natural gas. Cryptos: FxPro also offers CFDs on Cryptocurrencies. However, it’s important to note that Cryptocurrency CFDs are not available to retail clients of FxPro UK Ltd. Please note that trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Past performance of CFDs is not a reliable indicator of future results. Most CFDs have no set maturity date. Hence, a CFD position matures on the date you choose to close an existing open position. Seek independent advice, if necessary. Please read FxPro’s full ‘Risk Disclosure Statement’.

Which Trading Servers are offered by FxPro?

FxPro offers a range of trading servers to cater to the diverse needs of forex traders. FxPro Virtual Private Server (VPS). is one of the key offerings. The VPS service provides traders with dedicated access to a remote server, enabling them to load and run their MT4 Expert Advisors and cAlgo Robots 24 hours a day, without needing to keep their trading terminal running. This service is particularly beneficial for traders who wish to trade 24/5 with reduced latency and without the need to have their own computers switched on. The subscription to VPS costs $30 per month or is free for those who qualify for a VIP account. The FxPro VPS service is provided by BeeksFX, one of the largest global service providers of VPS solutions. It operates in data centers located in London Equinix, the same location as FxPro servers. This ensures low latency, with FxPro server located in London having a latency of just 1.18ms. In addition to the VPS, FxPro also offers the MT5 Server Selection. The MT5 webtrader platform provides advanced financial trading functions and superior tools for technical and fundamental analysis. Traders can choose their MT5 server, as stated in their email. Both servers provide impeccable execution with high-grade technology to ensure trades are processed usually in less than 13 milliseconds. These offerings make FxPro a preferred choice for forex traders looking for reliable and efficient trading servers.

Can I trade Crypto with FxPro? Which crypto currencies are supported by FxPro?

Yes, you can trade cryptocurrencies with FxPro. FxPro offers Contracts for Difference (CFDs) on several different cryptocurrencies. These include Bitcoin, Ethereum, Litecoin, BitcoinCash, and Ripple. Trading cryptocurrencies as CFDs allows you to go long or short and capitalise on price trend changes. This is done in pairs with USD. FxPro is a trusted broker that serves clients in over 170 countries. They offer competitive pricing, with tight spreads and fast order execution. Most orders are executed in under 13 ms. FxPro provides a range of useful educational material and top-notch trading tools. These include a free interactive trading course for beginners, trading FAQs, market reviews, trading calculators, and daily expert reviews from the FxPro Analyst team. Please note that Cryptocurrencies are not available to retail clients under FxPro UK Ltd. The Forex market, in which FxPro operates, is the largest and most liquid market in the world with an average daily trading volume of approximately $5 trillion. Cryptocurrencies are digital, decentralized currencies that were created to work as a medium of exchange. The cryptocurrency market offers traders a new way of investing; free from intermediaries such as governments or rating agencies. Hence, price movements on cryptos are driven by a multitude of factors such as market demand and relative news. Remember, trading involves risk and it’s important to understand these risks before starting. Always trade responsibly.

What is the Leverage on my FxPro Trading Account?

Leverage is a key aspect of forex trading and the FxPro Trading Account offers a range of leverage options to its users. The maximum leverage offered to retail clients for various financial instruments are as follows:. Forex Majors: 1:200. Forex Minors: 1:200. Spot Metals (Gold, Silver, Platinum, and Palladium): 1:200. Spot Base Metals (Aluminium, Copper, Lead & Zinc): 1:40. Spot Index Major: 1:200. Spot Index Minors: 1:100. Futures of Indices: 1:50. Energy Spot: 1:200. Futures of Energies: 1:200. Futures on Commodities: 1:50. All Shares: 1:25. Cryptos: 1:20. FxPro also offers a dynamic leverage model on the FxPro, MT4, MT5 platforms which automatically adapts to the client’s trading positions. As the volume per instrument of a client increases, the maximum leverage offered decreases accordingly. For experienced or high-volume traders, FxPro offers a leverage of 1:10k on FX & Gold across all their trading accounts. Traders that elect to become a ‘Professional Client’ can experience top-notch trading conditions with an almost unlimited amount of leverage. Changing the leverage of a trading account is relatively straightforward. Users need to log in to FxPro Direct, go to ‘My Accounts’, click on the Pencil icon next to their account number, and select ‘Change Leverage’ from the drop-down menu. Please note that in order for the leverage of the trading account to be changed, all open positions must be closed. It’s important to note that the maximum leverage available may vary depending upon the user’s jurisdiction. For instance, if a user is looking for a high leverage account, they’ll need to open an account with FxPro’s Bahamian entity, which offers a maximum leverage of up to 1:200.

What kind of Spreads are offered by FxPro?

FxPro, a renowned player in the forex market, offers a variety of spreads across its platforms, with differences depending on the account type chosen by the trader. MT4 Raw Spread Account: This account offers spreads without markup on FX & Metals, with a commission of $3.50 per lot. The commission is charged when you enter and exit a position. Metatrader 4 & 5 Accounts: These account types come with marked-up spreads and zero commission. cTrader Platform Account: On this platform, spreads on FX & metals are lower, with a commission of $35 per $1million USD traded. It’s important to note that the spreads are floating, which means they are variable and fluctuate according to market conditions, with the exception of the ‘MT4 Fixed’ account which offers fixed spreads on 9 major FX pairs & one minor, during certain time periods. For the minimum and average spreads for each account type, traders can check the specifications for the specific instrument on the FxPro website. Overall, trading with FxPro will involve fees from $3.50 USD, spreads from 0.06 pips, and commission-free trading depending on the account traders select. It’s always recommended for traders to understand the spreads offered by their broker as it can significantly impact their trading costs and potential profits.

Does FxPro offer MAM Accounts or PAMM Accounts?

FxPro does indeed offer MAM (Multi-Account Manager) accounts. These accounts are provided through their MT4 platform and offer clients access to six allocation methods. These methods include allocation by lot, by percentage, for equal risk, proportionate to the balance, proportionate to equity, and percentage allocation of equity. Before we delve deeper into the specifics of MAM accounts, it’s important to understand the difference between MAM and PAMM (Percentage Allocation Management Module) accounts. Both MAM and PAMM accounts allow fund managers to manage multiple accounts from a single account without having to create an investment fund. The performance (profits and losses) of a MAM or PAMM account manager is distributed among the managed accounts. The clients’ managed accounts are connected to the account manager’s main account and all trades made by the manager are reflected proportionally in the clients’ accounts. The PAMM Master account balance represents the total amount of all clients’ deposits. To ensure the security of investors’ funds, client deposits remain in their own trading accounts, the manager does not have access to these accounts and therefore cannot make any withdrawals. A PAMM account features a management module that distributes the sizes of trades according to an allocation percentage. This solution is offered by many forex brokers for investors and fund managers. With a PAMM account, an investor can also allocate a percentage of his account to one or more managers. On the other hand, a MAM account allows you to use the percentage allocation method like a PAMM account, but it provides greater flexibility to allocate the trades and adjust the risk of each sub-account based on the clients’ risk profiles. For example, the manager can allocate trades on a fixed basis, which means that he can define the number of lots traded by each individual account. This fixed allocation can also be done using a LAMM (Lot Allocation Management Module) account. The manager can also change the amount of leverage applied to the sub-accounts if his clients want to take on a greater level of risk. In conclusion, FxPro does offer MAM accounts, providing a flexible and secure option for fund managers to manage multiple accounts. However, it’s not explicitly stated whether FxPro offers PAMM accounts. For more specific information, it’s recommended to contact FxPro directly.

Does FxPro allow Expert Advisors?

Yes, FxPro does allow the use of Expert Advisors (EAs). EAs are automated programs that run on your trading platform and open orders according to a pre-defined set of parameters. They are most commonly used for trading Forex due to the intraday price movements and 24/5 forex trading hours. EAs, also known as robots or cBots, are automated forex or CFD trading programs that run on the Metatrader 4 or Metatrader 5 platforms (created by Metaquotes) and use MQL programming language. cBots are automated forex trading robots that run on the Spotware developed cTrader platform and use C# programming language. Their purpose is to automatically open and/or close orders according to a pre-defined set of parameters. They also have the ability to set pending orders, add a Stop Loss, Take Profit or even a trailing stop. Some programs will identify trade opportunities but require a manual confirmation from the trader. The main benefit of using a robot is that it can run 24 hours a day without human intervention. So you don’t need to be in front of your screen, continually monitoring the markets. Using a robot removes the emotional aspects of trading manually, so fear and greed are eliminated, as the EA will place orders based on a rigid set of parameters. Because EAs run on an algorithm, they can detect things you can’t catch with the eye and save a lot of time in analyzing charts and indicators. However, the same benefits may also be detrimental; for example, an EA will not be able to make adjustments in light of live events or news, as it will trade according to a strict set of parameters. To make sure that your EA is running correctly on FxPro, you must first confirm that EAs are enabled on your platform. To do so, check that the ‘AutoTrading’ button on the main toolbar at the top of the screen is green. In case it is red, click on it to enable EAs. You must then ensure that your EA is enabled for live trading. To do this, right-click on the chart where the EA has been placed, select ‘Expert Advisors’ and then ‘Properties’. Check the box labelled ‘Allow live trading’ and click ‘OK’. Your EA should now be working properly.