FxPro is a global forex broker that was founded in 2006. It’s a well-regulated broker with licenses from various regulatory bodies around the world. FxPro is licensed and regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the South Africa Financial Sector Conduct Authority (FSCA), and the Bahamas Securities Commission (SCB).
Main Highlights of FxPro
– FxPro is a well-established broker with over 15 years of experience in the industry.
– They offer a wide range of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.
– FxPro provides multiple trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, catering to different trading preferences.
– They offer competitive spreads and a transparent pricing structure.
– FxPro ensures a fast and reliable trading environment with multiple liquidity providers and advanced trading infrastructure.
– The broker provides access to educational resources and a dedicated customer support team.
Here are some of the main features of FxPro:
| Features | FxPro |
|---|---|
| Foundation Year | 2006 |
| Regulation | FCA (UK), CySEC (Cyprus), FSCA (South Africa), SCB (Bahamas) |
| Trading Platforms | FxPro MT4, FxPro MT5, FxPro cTrader, FxPro Edge |
| Minimum Deposit | $100 |
| Maximum Leverage | Up to 1:500 (Varies by region due to regulatory restrictions) |
| Spreads | From 0 pips |
| Trading Instruments | Forex, Futures, Indices, Shares, Metals, Energies |
| Account Types | FxPro MT4, FxPro MT5, FxPro cTrader, FxPro Edge |
| Demo Account | Yes |
| Customer Support | 24/5 in 17 languages |
Comparison Table Between FxPro & Competitors
Let’s compare FxPro to two other forex brokers – eToro and XM. Note that some aspects like spread can vary and should be checked on the broker’s website for the most up-to-date information.
| Features | FxPro | eToro | XM |
|---|---|---|---|
| Foundation Year | 2006 | 2007 | 2009 |
| Regulation | FCA, CySEC, FSCA, SCB | FCA, CySEC, ASIC | ASIC, CySEC, IFSC |
| Trading Platforms | FxPro MT4, FxPro MT5, FxPro cTrader, FxPro Edge | eToro Platform | XM MT4, XM MT5 |
| Minimum Deposit | $100 | $200 | $5 |
| Maximum Leverage | Up to 1:500 | Up to 1:30 | Up to 1:888 |
| Spreads | From 0 pips | Spread from 1 pip | From 0 pips |
| Trading Instruments | Forex, Futures, Indices, Shares, Metals, Energies | Stocks, ETFs, Indices, Commodities, Currencies, Cryptocurrencies | Forex, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs |
| Account Types | FxPro MT4, FxPro MT5, FxPro cTrader, FxPro Edge | Retail, Professional | Micro, Standard, XM Zero |
| Demo Account | Yes | Yes | Yes |
| Customer Support | 24/5 in 17 languages | 24/5 | 24/5 multiple languages |
Keep in mind that the choice of a forex broker should depend on an individual’s trading goals, investment size, risk tolerance, and other factors, so always do a thorough research before selecting a broker.
Summary Table of FXPro features
| Features | Rating (out of 5) |
| Trading Instruments | 4.5 |
| Trading Platforms | 4 |
| Spreads | 4.5 |
| Customer SUpport | 5 |
Fees and Pricing Structure
– FxPro offers three types of accounts:
1. FxPro MT4 account with floating spreads and market execution.
2. FxPro MT5 account with floating spreads and market execution.
3. FxPro cTrader account with tight spreads and market execution.
– The minimum deposit for all account types is $100 or equivalent.
– Spreads vary depending on the account type and trading instrument. On average, the spreads start from 0.6 pips for major currency pairs.
– FxPro charges a small commission for cTrader accounts.
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Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Safety Features
– FxPro is regulated by reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa.
– They employ advanced encryption technology to ensure the security and privacy of clients’ personal and financial information.
– FxPro keeps client funds segregated in reputable banks and offers negative balance protection.
– The broker follows strict regulatory requirements and conducts regular audits to maintain transparency and safety for its clients.
FAQs
1. Is FxPro a regulated broker?
– Yes, FxPro is regulated by the FCA, CySEC, and FSCA.
2. What trading platforms does FxPro offer?
– FxPro offers MetaTrader 4, MetaTrader 5, and cTrader.
3. What is the minimum deposit required to open an account with FxPro?
– The minimum deposit for all account types is $100 or equivalent.
4. Does FxPro charge any commissions?
– FxPro charges a small commission for cTrader accounts, but not for MT4 and MT5 accounts.
5. Are client funds safe with FxPro?
– Yes, FxPro keeps client funds segregated in reputable banks and offers negative balance protection.
Conclusion
Overall, FxPro is a reputable broker with a long-standing presence in the industry. Their wide range of trading instruments, competitive spreads, and choice of trading platforms make them a popular choice for traders. The safety measures in place, such as regulatory oversight and secure fund management, provide confidence to clients. Their customer support team is readily available to assist with any queries or concerns. With a solid reputation and comprehensive offerings, FxPro is a broker worth considering for both beginner and experienced traders.
