FxPro

FxPro Review: Is FxPro any good?

FxPro Broker Overview and General Information

FxPro was established in 2006 under FXPRO UK Limited and FxPro Financial Services Ltd., with headquarters in the United Kingdom, Cyprus and the Bahamas. It offers a wide range of trading services and is registered with multiple regulatory bodies. FxPro is a No Dealing Desk broker, meaning that traders’ trading orders are sent directly to a central location, without going through the broker’s main server or intermediary. It also protects client funds by separating client deposits from the company’s own funds and keeping them in separate bank accounts. FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Investors Compensation Fund (ICF), providing additional protection to investors.

Licenses that FxPro Broker holds

If you ask whether FxPro broker is good or not, you must first consider the license factor, which has the following licenses:

• Financial Conduct Authority (FCA UK) Registered Name FxPro UK Limited License Number 509956

• Cyprus Securities and Exchange Commission (CySEC) Registered name FxPro Financial Services Ltd License number 078/07.

• Financial Sector Conduct Authority (FSCA) Registered Name FxPro Financial Services Ltd License Number 45052

• Securities Commission of The Bahamas (SCB) Registered Name FxPro Global Markets Ltd License Number SIA-F184

Trading products and services

FxPro offers a wide range of trading products including:

• Forex

  Trade over 70 major, minor and exotic currency pairs with excellent trading conditions, giving investors access to the global Forex market.

• Future

  Trading futures contracts on agricultural commodities, energy, and indices is a good option for investors looking for diversification in their portfolio.

• index

  Trade CFDs on major and minor indices from around the world, including spot and futures, ideal for speculating on global stock market movements.

• share

  Trading shares of thousands of public companies from the US, UK and EU is a great opportunity for investors looking to gain access to stock exchanges.

• metal

  Trade precious metal commodities such as gold, silver, platinum. Suitable for speculative investment or hedging against market volatility.

• energy

  Trading spot or futures on UK & US crude oil or natural gas gives investors easier access to global energy markets.

• Electronic money

  Trading CFDs on Bitcoin, Ether, Doge, Tether and other coins is an attractive option for investors who want to gain exposure to the cryptocurrency market and speculate on the price fluctuations of various coins.

Trading platforms and tools

FxPro supports four trading platforms: MT4, MT5, cTrader and the broker's own proprietary platforms.

MetaTrader 4 (MT4)

• User groups: Suitable for all levels of traders.

• Key Features: Supports automated trading via Expert Advisors (EAs), a wide range of order types, and advanced chart analysis tools. Available on desktop, web, and mobile.

• asset: You can trade in six asset classes including Forex, Stocks, Indices, Metals, and Energies.

• Action: Both immediate and market execution are available.

• Spreads and Costs: Spreads start at 0.6 pips for major currency pairs. No commission on Standard accounts.

MetaTrader 5 (MT5)

• User groups: Suitable for more experienced traders.

• Key Features: More order types, more time frames, and more advanced technical analysis tools than MT4 has with netting and hedging modes.

• asset: Offers a wider range of assets than MT4, including additional stocks.

• Action: Market execution with speed and improved DOM tools

• Spreads and Costs:Similar to MT4 but with more advanced features for professional trading.

cTrader

• User groups: Ideal for traders who want advanced trading features.

• Key Features: Advanced chart analysis tools, customizable interface, and support for cBots automated trading systems. Low spreads but fixed commissions.

• asset: Forex and metals

• Action: Market execution with very low latency and high execution speed.

• Spreads and Costs: Very low spreads with fixed commissions, ideal for high-frequency trading.

FxPro Platform

• User groups: For those who need an all-in-one solution

• Key Features: A highly customisable web platform that supports trading across all CFD asset classes directly from the FxPro app.

• asset: It has a wide range of assets including Forex, Stocks, Indices, Metals, Energies and Futures.

• Action: High-speed market execution and no dealer intervention.

• Spreads and Costs: Competitive spreads and no commissions, suitable for a variety of trading strategies.

FxPro Account Types

FxPro offers three account types:

Standard

• Maximum leverage 1:10000

• FX Spreads 1.2 to 1.5 pips

• Gold average spread 30 cents

• Bitcoin average spread $40

• Minimum deposit $100

Raw+

• Maximum leverage 1:10000

• FX Spreads 0 to 0.2 pips (+3.5$/side)

• Gold average spread 15 cents (+3.5$/side)

• Bitcoin average spread $20

• Minimum deposit $500

Elite

• Maximum leverage 1:10000

• FX Spreads 1.2 to 1.5 pips (+$3.5/side)

• Gold average spread 15 cents (+3.5$/side)

• Bitcoin average spread $20

• Minimum deposit $30K in 2 months

FxPro Pros and Cons Review

Pros :

• There are many types of instruments available for trading.

• High level of security and trust

• Excellent customer service 24 hours / 5 days a week

Cons :

• There is no Copy Trade system.

• No bonus for new customers

• The minimum deposit is quite high.

• Deposits and withdrawals take a long time and are only available on business days.

• Commissions in some types of accounts are quite high.

Office location and contact channels

• Head office location

  • 13-14 Basinghall str., London, EC2V4BQ, United Kingdom

• Contact channels:

  • Telephone number: +44 (0) 20 7776 9720

  • Email: thsupport@fxpro.com

  • Website:https://www.fxpro.co.th/

FxPro Broker Overview: Is it any good?

FxPro Broker is one of the most popular and trusted forex brokers among investors in many countries. With over 15 years of experience in the industry and being regulated by many leading agencies.

However, there are still some disadvantages, such as no Copy Trade system and no bonus for new customers. The minimum deposit is quite high. The website is complicated and deposits and withdrawals can take a long time and can only be done on business days, which may be an important consideration for some investors.

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FxPro Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.