FxPro Broker Review

Since its inception in 2002, FxPro has been at the forefront of online trading, continually evolving to meet the needs of its clients worldwide. The journey began with the formation of the idea, leading to the launch of its first website in 2006. By 2008, FxPro had become the first broker to sponsor a Formula 1 team, marking a significant milestone in its history.

Over the years, FxPro has witnessed remarkable growth and transformation. In 2012 and 2015, it was recognized as the ‘Best Broker’ by the Financial Times for its outstanding services. In 2017, FxPro underwent a major brand transformation, further solidifying its position in the industry. The following year, it became a sponsor of the McLaren F1 team, enhancing its brand presence globally.

Today, FxPro stands as a leading brokerage firm, serving both retail and institutional clients in over 170 countries. Offering trading in six asset classes – forex, stocks, indices, futures, metals, and energy resources – FxPro ensures top-tier liquidity and advanced non-dealing desk execution for its clients.

Regulation and Security 

FxPro operates under the regulation of reputable authorities. FxPro UK Limited has been authorized and regulated by the Financial Conduct Authority (FCA) since 2010. FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) since 2007, and the Financial Sector Conduct Authority (FSCA) since 2015. FxPro Global Markets Limited is authorized and regulated by the Securities Commission of The Bahamas (SCB).

Trading Instruments and Platforms

FxPro offers a diverse range of trading instruments and platforms tailored to meet the needs of different traders. With over 2000 assets available, FxPro covers various markets, including forex, stocks, indices, futures, metals, energy commodities, and cryptocurrencies.

Trading Instruments

1. Forex: Trade a wide range of major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, USD/JPY, and more.

2. Stocks: Access to CFDs on stocks of major companies from around the world, such as Apple, Google, Amazon, and Microsoft.

3. Indices: Trade CFDs on popular indices like the S&P 500, FTSE 100, DAX 30, and Nikkei 225.

4. Futures: Diversify your portfolio with futures contracts on commodities like oil, gold, silver, and agricultural products.

5. Metals: Trade precious metals such as gold, silver, platinum, and palladium, offering a hedge against inflation and market volatility.

6. Energy Commodities: Trade CFDs on energy products such as crude oil and natural gas, tracking global energy markets.

7. Cryptocurrencies: Take advantage of the growing popularity of cryptocurrencies with CFDs on Bitcoin, Ethereum, Litecoin, and other digital assets.

Trading Platforms

1. MetaTrader 4 (MT4): A widely-used platform known for its user-friendly interface, advanced charting tools, and support for automated trading through Expert Advisors (EAs).

2. MetaTrader 5 (MT5): Offers enhanced features compared to MT4, including more timeframes, additional technical indicators, and an economic calendar.

3. cTrader: Known for its intuitive interface and advanced trading capabilities, cTrader provides access to a wide range of trading tools and features.

4. FxPro Trading Platform: FxPro’s proprietary platform designed to offer a seamless trading experience with advanced charting, one-click trading, and customizable layouts.

These platforms are available for trading on various devices, including desktop computers, web browsers, smartphones, and tablets, ensuring flexibility and accessibility for traders on the go. With FxPro, traders can choose the platform that best suits their trading style and preferences.

Trading Conditions

FxPro offers competitive trading conditions designed to cater to the needs of traders across different levels of experience. Here’s an overview of the trading conditions provided by FxPro:

1. Account Currencies: Traders can choose from a variety of account currencies, including USD, EUR, GBP, CHF, AUD, PLN, ZAR, and JPY.

2. Minimum Deposit: The minimum deposit requirement is $100, 5,000 RUR, 500 UAH, and from $50 when transferring from cryptocurrency wallets.

3. Leverage: FxPro provides leverage of up to 1:500, allowing traders to amplify their trading positions.

4. Spreads: FxPro offers competitive spreads starting from as low as 0.0-1.2 pips, depending on the account type and market conditions.

5. Trading Instruments: With over 2000 trading instruments available, traders can access CFDs on forex pairs, stocks, indices, futures, metals, energy commodities, and cryptocurrencies.

6. Margin Call / Stop Out: The margin call level is set at 100%, with a stop-out level of 50%, providing traders with risk management tools to protect their accounts.

7. Liquidity Providers: FxPro sources liquidity from international banks, ensuring competitive pricing and reliable execution.

8. Order Execution: FxPro operates as an NDD (No Dealing Desk) broker with straight-through processing (STP) order execution, ensuring fast and reliable trade execution without requotes.

9. PAMM Accounts: FxPro does not offer PAMM accounts, focusing on providing direct trading services to its clients.

10. Minimum Order Size: Traders can place orders starting from 0.01 lots, allowing for precise position sizing.

11. Payment Methods: FxPro supports various payment methods for deposits and withdrawals, including Visa/Mastercard, bank transfer, local card processing, Perfect Money, UnionPay, Skrill, Neteller, and cryptocurrencies (USDT, BTC, ETH, LTC).

Pros and Cons 

Pros:

1. Competitive Trading Conditions: FxPro offers competitive trading conditions, including tight spreads, high leverage, and a wide range of trading instruments, catering to the needs of traders.

2. Multiple Trading Platforms: Traders have access to multiple trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and the FxPro Trading Platform, providing flexibility and choice in trading.

3. Regulation and Security: FxPro is regulated by top-tier authorities such as the FCA, CySEC, and FSCA, ensuring a high level of security and trust for traders.

4. Wide Range of Instruments: With over 2000 trading instruments available, including forex, stocks, indices, commodities, and cryptocurrencies, traders have ample opportunities for diversification.

5. No Commissions and Low Spreads: FxPro offers zero commissions on trades and competitive spreads as low as 0.0-1.2 pips, reducing trading costs for clients.

6. High Leverage: FxPro provides high leverage of up to 1:500, allowing traders to amplify their trading positions and potentially increase profits.

7. Various Account Types: FxPro offers different account types to suit the needs of various traders, including fixed and floating spreads, as well as VIP accounts.

8. Advanced Trading Tools: The broker provides advanced trading tools, including technical analysis indicators, charting options, and algorithmic trading capabilities, aiding traders in making informed decisions.

Cons:

1. No PAMM Accounts: FxPro does not offer PAMM accounts, which may be a drawback for traders interested in social trading and copy trading strategies.

2. Limited Bonuses and Promotions: Unlike some other brokers, FxPro does not offer many bonuses or promotions to incentivize traders.

3. Complexity for Beginners: The variety of trading platforms and tools may be overwhelming for novice traders, requiring time and effort to learn and understand.

4. Limited Payment Options: While FxPro supports major payment methods, the choice of payment options may be limited compared to some other brokers.

5. Restrictions on Certain Countries: FxPro’s services may not be available to residents of certain countries due to regulatory restrictions, limiting its accessibility to global traders.

Conclusion on FxPro

FxPro stands out as a reputable and reliable broker with a strong track record in the financial industry. With its competitive trading conditions, multiple trading platforms, and extensive range of trading instruments, FxPro provides traders with ample opportunities to pursue their investment goals.

The broker’s regulation by top-tier authorities such as the FCA, CySEC, and FSCA ensures a high level of security and trust for traders. Additionally, FxPro’s commitment to offering no commissions, low spreads, and high leverage demonstrates its dedication to providing cost-effective trading solutions.

However, FxPro may not be suitable for all traders, as it lacks certain features like PAMM accounts and extensive bonuses and promotions. The complexity of its trading platforms and tools may also be daunting for beginners.

Still, FxPro remains a solid choice for traders looking for a reliable broker with competitive trading conditions, advanced trading tools, and a wide range of trading opportunities. Traders should carefully consider their individual needs and preferences before deciding if FxPro is the right fit for them.