Reviews

FxPro

Best Overall/Most trusted

Minimum Depostit – $100

Overall Summary 5 stars

Regulation 5.00
Platforms and tools 5.00
Commission and spreads 5.00
Education and Research materials 5.00
Costumer support 5.00
Mobile trading 5.00
Overall Rating 5.00

Review

FxPro is a globally trusted broker, having more than 20 years of excellence, trading with thousands of instruments, having fast execution and deep liquidity. Having 103+ UK and International awards makes this broker the best overall broker to choose. FxPro has four trading platforms to choose from and 24/5 multilingual costumer support.

Regulatory Compliance

Founded in 2006, regulated in one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe (low-risk) broker for trading forex and CFDs. FxPro is authorized and regulated by Financial Conduct Authority (FCA) (registration no. 509956), by the Cyprus Securities and Exchange Commission (CySEC) (license no. 078/07), by the Security Commission of The Bahamas (SCB) (license no. SIA-F184), by the Financial Sector Conduct Authority(‘FSCA’) (authorization no. 45052).

Broker’s Investment offerings

FxPro is an excellent online broker offering a variety of investment opportunities for their clients. They include forex (which includes 70 major, minor, and exotic currency pairs), futures (on Agricultural commodities), indices (major and minor index CFDs) , shares, metals, energy, and cryptocurrencies CFDs. The table bellow has summarized the available markets in FxPro.

Markets

Forex Yes
(70 Forex pairs)
Futures yes
Indices yes
Shares yes
Metals yes
Energy yes
Cryptocurrencies CFDs yes

 

Trading Platforms and tools

FxPro provides their clients with a wide range of desktop, web and mobile trading platforms including FxPro platform, Meta Trader 4, Meta Trader 5 and cTrader. The platforms are characterized by high quality execution, advanced trading tools and technical indicators.

FxPro Trading Platform

FxPro Trading Platform is brand new trading platform which is great option for investors who like to manage their funds and trade the full range of available assets directly from FxPro app. The broker offers two versions of it – mobile and desktop.

Mobile:

  • Available for iOS and Android
  • Fast sign up
  • Integrated trading platform
  • Interactive economic calendar
  • Open and manage accounts
  • Deposit, transfer and withdraw
  • Volatility Push notifications

Desktop:

  • 50+ technical indicators and charting tools
  • Detachable chart windows
  • Useful trading widgets
  • Customizable layout
  • 6 chart types with 15 timeframes
  • Dark / light themes

MetaTrader 4

Platform for PC, Mac, Android, laptop, Web, Windows

MetaTrader 4 is used by millions of traders, and it is the most popular retail trading platform. It has advanced trading infrastructure and superior order execution. FxPro MT4 is chosen by beginners and advanced traders because of its powerful trading capabilities.

  • 50+ preinstalled technical indicators
  • 24 analytical charting tools
  • 3 chart types & 9 timeframes
  • 1-click trading & trade from charts
  • Trailing Stop
  • Easy to use interface
  • Fully customisable charts
  • Add custom EAs & indicators
  • News feed & broker mailbox
  • Available for Windows or Mac

MetaTrader 5

MT5 is easy to use and fully customizable to suit your trading style, with an advanced environment for EA development and additional features.
• 38+ preinstalled technical indicators
• 44 analytical charting tools
• 3 chart types & 21 time – frames
• Additional pending order types(sell stop limit & buy stop limit)
• Detachable charts
• 1-click trading & trade from charts
• Trailing stop
• Easy to use interface
• Fully customisable charts
• Add custom EAs & indicators
• Integrated Economic Calander
• DOM (Depth of Market)
• Available for Windows or Mac

FxPro cTrader

This platform trades with lower commissions. The commission is reduced to $35 per $1million traded with ultra-low spreads on FX and Metals. FxPro cTrader has advanced trading infrastructure and superior order execution which provides one of the most innovative trading experiences in the industry.

  • 55+ pre – installed technical indicators
  • 6 chart types & 28 timeframes
  • Level 2 DoM(Depth of Market)
  • No restrictions on stop / limit levels
  • Additional pending order types(sell stop limit & buy stop limit)
  • Detachable charts & linked charts
  • 1-click trading & trade from charts
  • Advanced Order Protection
  • Trailing stop
  • Fully customisable charts and interface
  • Add custom cBots & indicators
  • News feed
  • Integrated Economic Calander
  • Market Sentiment
  • Custom time zone
  • Analyze trade statistics

Spreads and Commissions

All trades in FxPro are executed in No Dealing Desk intervention (please find more information about No Dealing Desk brokers under section “What does a Forex Broker do?”). It is safe to say that FxPro’s fees are low in general. FxPro on most platforms does not charge commission fees, only a spread. FxPro clients can expect commission charges (but with lower spread) only on their cTrader platform for FX and Metal with charges of $35 per million USD traded.

Costumer support

FxPro has excellent multilingual costumer support 24/5 including phone (with option request a call back), live chat support and email support. Besides that, on their website you can find the help section with the most frequently asked questions.

Reputation

FxPro is considered the one of the most trusted and reputable forex brokers in the industry. It serves in more than 173 countries. It has won more than 105 awards for the quality of its services. It is regulated by the FCA, CySEC, FSCA AND SCB. It has excellent clients’ testimonials.

Education and research materials

FxPro offers a variety of educational for beginner and advanced traders. The educational resources include basic education course, advanced education course, basics forex course, fundamental analyses course, technical analysis course, phycology course, advanced fundamental analyses, CME Group education course. They provide their clients with the latest Forex news in the industry.

Deposit and Withdrawal Methods

FxPro offers its clients easier and more convenient funding and withdrawal method called FxPro Wallet. You can transfer funds between your FxPro Wallet and your trading account any time you need. FxPro also accepts Bank transfers, broker to broker transfer and Credit/Debit card fundings. FxPro does not charge fees for bank wire transactions. The withdrawals typically take one business day for the funds to be available and they are also free.

Broker`s Pros and Cons

Pros

  • Fully licensed and regulated.
  • Excellent trading platforms and tools, advanced technical indicators, and ultra-fast execution- orders are filled in under 13 milliseconds.
  • Excellent multilingual costumers support team
  • Excellent reputation in the industry
  • Great educational and research materials
  • Easy funding and withdrawal methods

Cons

  • Inactivity fee – after 6 months of inactivity