FxPro Guide – Read our In-Depth FxPro Review
This FxPro review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this FxPro review does not apply to US users.
If you are a new entrant in the realm of trading and brokerage, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll get adept at all of the concepts of broker as you keep trading. For starters, you have to choose the right broker who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan will create hefty returns. FxPro is just one such platform that will take you along with your investment to great heights. It is important to understand all about FxPro until you trust them with your money.
Our full FxPro Review covers all you need to learn about trading with FxPro. A good agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire way to ensure profits; thus, you must carefully assess your broker before you select them. It's a frequent misconception that all agents are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
FxPro is a broker which has found its way successfully into the broker world. In this review, we've tried to collate some of the important aspects of FxPro. This review will help you to understand whether FxPro is a fantastic match for your investments or not. We have attempted to breakdown all of the features and charges for your convenience.
FxPro Review, Table Of Contents
- Who are FxPro?
- Benefits Of Trading With FxPro
- Everything you should know about trading with FxPro
- Is FxPro Safe To Trade With?
- Pro's & Con's Of Trading With FxPro?
- Compare Brokers Similar To FxPro
- Regulation And Licencing In More Detail
- FxPro Awards
- Minimum Deposit Required For A Live Account With FxPro
- FxPro Commission And Fees Explained
- Compare broker fees against FxPro
- FxPro Withdrawal Fees Explained
- FxPro Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With FxPro?
- Alternatives To FxPro
- Frequently Asked Questions About FxPro
Who are FxPro?
FxPro is a foreign exchange broker headquartered in UK and provides a variety of tools for trading. Since its establishment in 2006, FxPro has emerged as a leading player in the industry of online broker. FxPro has a highly competitive and full-featured trading website that is focused on forex, indices, metals, shares, commodities.
Over the past 15 years, FxPro has grown into one of the leading online brokers.
After establishing in 2006, their consumer base is becoming as large as 10,000+ clients.
FxPro is a favorite for many dealers because of its negative balance protection. Our FxPro review found that they are an superb alternative for automated trading solutions. It is best suited for investors that are looking for a variety of assets. Social and automated trading solutions are the core at FxPro.
Technology plays a significant role in FxPro. FxPro features trading on MT4, MT5, cTrader, Tablet & Mobile apps. FxPro is honest, transparent, and also a well-regulated agent by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA). Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The trader resource department at FxPro is quite enlightening for new dealers as it allows them to have a closer look in the financial markets. FxPro caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.
If you feel that FxPro is not right for you then at the bottom of this FxPro review you wil find a lot of alternatives to FxPro.
What you ought to know about trading with FxPro
FxPro is a lively platform that provides various procedures of trading. These instruments cover the financial markets substantially. The Majority of the brokerage platforms provide fewer procedures than FxPro
If you would like to exchange with FxPro, you'll require a minimum deposit of $100. This deposit is compulsory if you want to start trading using FxPro. This 2021 FxPro review will direct you safely about trading with them.
FxPro is as versatile as another brokerage platform. FxPro is ideal for traders that want a manageable selection of cheap services. The programs offered by FxPro are third-party, white-label offerings. All traders can pick from MT4, MT5, cTrader, Tablet & Mobile apps.
Along with everything, FxPro has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept available. The agents provide premium customer service which rewards customers with benefits.
Many unethical brokers try to pressurise consumers into larger funding for superior services. FxPro, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the greater advantages will become available.
FxPro accounts are available all over the world and provides quality service wherever they have customers. There are only a select few countries where FxPro accounts are not available. Traders in the following countries cannot open or use a FxPro account:
Is FxPro Safe To Trade With?
Launched in 2006, FxPro has been operating for 15 years, they are headquarted in UK.
FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA). These figures have rules that make sure that trading platforms have steps in place to maintain investor's resources secured. This means that FxPro users do not need to be worried about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's personal information as well.
You are able to make use of an option for 2 Factor Authentications (2FA) with FxPro for increased security. An SMS with the confirmation code will be sent to your phone. You'll be required to enter this code to log into your account.
Another concern with financial brokers with regards to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. Nonetheless, this is more widespread in the example of Market Maker agents who compete with users on the platform.
Pro's & Con's Of Trading With FxPro
Every online trading platform will have some ups and downs, and no FxPro review would be complete without having a balanced approach. This FxPro review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- FxPro is trusted by 10,000+ clients
- FxPro offers Negative Balance Protection
- FxPro doesn't charge withdrawal fees
- FxPro doesn't charge deposit fees
- FxPro doesn't charge CFD fees
- FxPro offer trading on MT4, MT5, cTrader, Tablet & Mobile apps
- FxPro offer 250 trading instruments
- FxPro trades major forex pairs
- FxPro trades minor forex pairs
- FxPro trades exotic forex pairs
- FxPro offers trading on cryptocurrencies
- FxPro can communicate in Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese
- FxPro does not offer Guaranteed Stop Loss
- FxPro charge inactivity fees
FxPro Review - Compare Brokers Similar To FxPro
|FxPro||Credit Financier Invest||BNP Paribas||Directshares|
|Regulated By||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)||Swiss Financial Market Supervisory Authority (FINMA)||Financial Conduct Authority (FCA)||The Portuguese Securities Market Commission (CMVM)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
FxPro Review - Regulation And Licencing In More Detail
FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA).
FxPro, as a company, has a powerful set of rules for ensuring fair trading onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client data is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
FxPro Review - Awards
- At the time of writing this FxPro review, they had not received any awards.
FxPro Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on FxPro is $100. This is a decent amount for people just beginning. You can make more advanced residue as you go along. But, make certain you understand how to make the most of your cash before investing larger amounts.
FxPro Review - Commission And Fees Explained
FxPro is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of fees for this purpose.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you're paying a spread, funding speed, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those that are charged when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, FxPro doesn't charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often exchange, such as daily or weekly trading.
But, non-trading fees billed by FxPro are relatively competitive. Consequently, you're billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This FxPro review breaks down each of the relevant non-trading charges for you in detail.
Compare broker fees against FxPro
|FxPro||Credit Financier Invest||BNP Paribas||Directshares|
|CFD Fees||charge commissions on cTrader only|
FxPro Review - Withdrawal Fees ExplainedFxPro doesn't charge withdrawal fees
Withdrawal of cash is possible at any moment from the FxPro account. You can draw sums up to the sum of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always need to have any cash on your account.
In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn money will be sent into the card. FxPro will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you're choosing to withdraw in.
FxPro Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head while open an account with FxPro. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for some time. The period considered inactive is decided by the broker.
The inactivity fee also differs from 1 broker to another and isn't standardized. If a dealers account does not have a purchasing or selling trade, it is maintained by the agent as an inactivity fee. The traders have to pay this commission under terms and conditions they had agreed while registering.
FxPro charges an inactivity fee when you don't make any trades for a while.
Even if no fees are implied by FxPro, it is best that you close the account if you are inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee depends upon the type of account you've chosen. The inactivity fee is subjected to many conditions and needs to be revealed clearly by the agent beforehand.
FxPro Review - Deposit Fees Explained
When you transfer money into your trading account by your bank account, a deposit fee can be charged by the broker. Most agents do not charge an excessive amount of money for this operation.
FxPro doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the FxPro trading platform is simple. You simply need to complete a single-user profile questionnaire to start depositing money into your trading account. You'll have to provide an identity proof and evidence of residency to deposit large sums.
FxPro Review - Compare Broker Deposit Methods
|FxPro||Credit Financier Invest||BNP Paribas||Directshares|
What Can You trade With FxPro?
Note: FxPro provides many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ depending on the country of residence of the client.
FxPro has a wide variety of over 250 instruments available for you to trade with.
If trading forex pairs is of interest to you then FxPro offer over 70 forex pairs.
Compare FxPro, Credit Financier Invest, BNP Paribas & Directshares below.
Alternatives To FxPro
If, after reading this FxPro review, FxPro does not quite fulfill your needs check out these FxPro alternatives.
We've scoured the web to find the best alternatives to FxPro. Click the links below to find out more.
Frequently Asked Questions about FxPro
Can I try FxPro before I buy?
Yes, you can most definitely try FxPro before you buy. FxPro offers demo accounts for the ease of beginner traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demonstration account on FxPro, you may set out using a decent amount of virtual currency. It is to establish a sense of security and confidence in you until you choose to invest your own money.
With this digital FxProdemo account, you can experiment at all, to whatever period you desire. You can also open positions, examine different trading approaches, and more.
FxPro specifies on its official site which you are able to trade real time stocks with your demo account.
Is FxPro safe?
You can drop all your worries since we believe that FxPro is totally safe to use. It is in compliance with all the principles of Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA).
Nevertheless, FxPro doesn't provide assured stop-loss protection.
Why does FxPro ask for my passport?
The reason that FxPro asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, FxPro has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, FxPro must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with FxPro?
The process to start trading withFxPro is perhaps simple enough to be a cakewalk. You need to begin by signing up on the FxPro website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with FxPro is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with FxPro.
The best way to kickstart your trading career with FxPro is to open a demo account facility before risking any real money
What funding methods do FxPro accept?
There are multiple ways to fund your accounts with FxPro. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You have to bear in mind that PayPal is not available in all country. The currencies FxPro
Is my money safe with FxPro?
Yes, your cash is safe and secure with FxPro. As you already know, FxPro works with good conformation to. It's established lots of steps to guard all of its own investors.
FxPro protects its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can empower Two-Step Verification as well. It takes an SMS confirmation that you access your accounts.
Is FxPro trading good?
Yes, trading via FxPro is a pleasant and good experience indeed. It is an excellent and intuitive platform with useful features for your simplicity. In addition, you can also obtain access to a huge collection of educational resources and assistive material to kickstart your trading experience.
If you remain skeptical, you can open a eToro demo account and evaluate the trustworthiness of the platform for yourself.
Which Countries does FxPro support?
FxPro operates across the world. However, due to regulations there are some countries that FxPro cannot accept clients from
Is FxPro legit?
FxPro is a legit company headquarted in UK since 2006. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA). FxPro is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is FxPro a good broker?
FxPro is a great agent, and its own users may vouch for this. The highlight of the platform is its fast order execution on transactions.
You will find the clean design of the platform and the admirable features a pleasure to work with.
Is FxPro a trustworthy broker?
Yes, FxPro is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for FxPro?
The minimum deposit to open a live account with FxPro is $100
How long do FxPro withdrawals take?
Normally, withdrawal of money from FxPro is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from FxPro to show in your bank account.
Are FxPro regulated?
FxPro are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)
Is FxPro a market leading broker?
FxPro is indisputably one of the business leaders. It supports over 10,000+ registered users and over 15 years of expertise on its record. They're among the world's leading trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this status to its incredible platform and broad range of resources plus tools so you can invest in capital markets.
Is FxPro a con?
No, FxPro is not a con. They are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) and must adhere to their rules. Thus, it is safe to say that FxPro is not a scam.
Can you make money with FxPro?
Through FxPro, several traders make a lot of cash. But on average, through continual trading, you also can create between 2% - 10% profit a month.
This may seem like a little number, but over the entire year, this adds to a significant amount of gains. Even though FxPro supply you all of the tools to earn money, they can't guarantee that you will gain.
Does FxPro have fees?
Yes. To begin trading with FxPro, you have to deposit $100. Certain commissions while trading also apply. Any processing fees from your bank might need to be incurred by you.
When was FxPro founded?
FxPro was founded in 2006 in UK. FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA).
How many people use FxPro?
FxPro is a worldwide recognised broker with 10,000+ clients.
Where is the FxPro head office?
FxPro has its head office in UK
Does FxPro offer negative balance protection?
Yes, FxPro has Negative Balance Protection. It is specially offered while the industry volatility prevents clients from allowing their accounts go in the red. In such a scenario, FxPro provides the ability to reset a customers account balance to zero.
You can go through the important terms and conditions on FxPro's site to comprehend their policies better.
Does FxPro offer guaranteed stop loss?FxPro regrettably, does not provide guaranteed stop loss. FxPro gives an opportunity to its traders to close their trades at their specified price. Apart from this, FxPro doesn't offer guaranteed stop loss.
Does FxPro allow scalping?Yes, FxPro do permit scalping. Many traders across the world choose FxPro due to their scalping services. They offer trading on MT4, MT5, cTrader, Tablet & Mobile apps which allow this.
Does FxPro allow hedging?
Yes, FxPro does allow hedging.
Can you trade energies with FxPro?
Yes, you can trade energy stocks with FxPro
Can you trade agricultural shares with FxPro?
Yes, you can trade agricultural stocks with FxPro
Can you trade cryptocurrency with FxPro?
Yes, you can trade cryptocurrency with FxPro
Can you trade metals with FxPro?
Yes, you can trade metals with FxPro
Can you trade UK Shares with FxPro?
Yes, you can trade UK shares with FxPro
Can you trade US Shares with FxPro?
Yes, you can trade US shares with FxPro
Can you trade Japanese Shares with FxPro?
Yes, you can trade Japanese shares with FxPro
Can you trade German Shares with FxPro?
Yes, you can trade German shares with FxPro
Does FxPro accept bank transfers?
Yes, FxPro accepts bank transfers for depositing money.
Does FxPro accept credit cards?
Yes, FxPro accepts credit cards for depositing money.
Does FxPro accept PayPal?
Yes, FxPro accepts PayPal for depositing money.
Does FxPro accept Skrill?
Yes, FxPro accepts Skrill for depositing money.
Does FxPro accept Payoneer?
No, FxPro does not accept Payoneer.
Does FxPro accept Neteller?
Yes, FxPro accepts Neteller for depositing money.
Does FxPro offer Live Chat customer support?
Yes, FxPro offers customer support through live chat.
Does FxPro offer phone customer support?
Yes, FxPro offers customer support over the telephone.
Does FxPro offer email customer support?
Yes, FxPro offers customer support through email.
What languages can FxPro communicate in?
FxPro has the ability to communicate and support customers who speak: Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese
Does FxPro have a wikipedia page?
No, FxPro does not have an official wikipedia page.
Does FxPro offer demo accounts?
Yes, FxPro offers demo accounts so you can learn their systems before risking any real money.