FxPro

FxPro Review: Is FxPro any good?

Overview and general information about the FxPro broker.

FxPro was founded in 2006 as 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 authorities. FxPro operates on a No Dealing Desk model, meaning trader order data is sent directly to a central location without passing through a main server or intermediary. Furthermore, it protects client funds by segregating client deposits from company funds and holding them in separate bank accounts. FxPro UK Limited is also a member of the Financial Services Compensation Scheme (FSCS), and FxPro Financial Services Limited is a member of the International Consortium of Investors (ICF), providing additional protection for investors.

The licenses obtained by the FxPro broker.

If you're wondering whether FxPro is a good broker, you should start by considering its licensing status. It holds the following licenses:

• Financial Conduct Authority (FCA UK), registered name: FxPro UK Limited, license registration number: 509956

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

• The Financial Sector Conduct Authority (FSCA), registered name FxPro Financial Services Ltd, license number 45052.

• The Securities and Exchange Commission of The Bahamas (SCB) registered name is FxPro Global Markets Ltd, license number SIA-F184.

⚠️ The license information has been uploaded to the platform; however, a request for verification has not yet been submitted.License Monitoring Program (LMP)From TrustFinanceTherefore, we cannot confirm the validity or currency of the licenses. Users should exercise caution and carefully consider the information before making any investment decisions.

Trading products and services.

FxPro offers a wide range of trading products, including:

• Forex

  Trade over 70 major, minor, and emerging 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 seeking 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

  The service offers stock trading from thousands of publicly traded companies in the United States, the United Kingdom, and the European Union, providing a great opportunity for investors seeking access to publicly traded stocks.

• metal

  Trading precious metals like gold, silver, and platinum is suitable for speculative investment or hedging against market volatility.

• energy

  Spot trading or futures contracts for UK & US crude oil or natural gas provide investors with easier access to global energy markets.

• electronic money

  Trading CFDs on Bitcoin, Ether, Doge, Tether, and other cryptocurrencies is an attractive option for investors seeking access to the cryptocurrency market and to profit from the price volatility of various coins.

Trading platforms and tools.

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

MetaTrader 4 (MT4)

• User groupSuitable for traders of all levels.

• Main featuresSupports automated trading via Expert Advisors (EAs), various order types, and advanced charting analysis tools. Available on desktop, web, and mobile.

• assetYou can trade in six asset classes, including Forex, stocks, indices, metals, and energy.

• OperationThere are both immediate actions and market-oriented actions.

• Spread and costsSpreads start at 0.6 pip for major currency pairs. There are no commissions on standard accounts.

MetaTrader 5 (MT5)

• User groupSuitable for more experienced traders.

• Main featuresIt offers more order types, more timeframes, and more advanced technical analysis tools than MT4, as well as netting and hedging modes.

• assetIt offers a wider variety of assets than MT4, including additional stocks.

• OperationMarket execution with speed and improved DOM tools.

• Spread and costsSimilar to MT4, but with more advanced features for professional trading.

cTrader

• User groupSuitable for traders who want advanced trading features.

• Main featuresFeaturing advanced charting tools, a customizable interface, and support for automated trading systems, cBots offers low spreads with fixed commissions.

• assetForex and metals.

• OperationMarket execution with very low latency and high execution speed.

• Spread and costsVery low spreads with fixed commissions, ideal for high-frequency trading.

• Stock or futures trading is not supported.

• Despite its low spreads, cTrader has a fixed commission fee which may increase the cost of trading for some strategies.

• Expert Advisors (EAs) or Custom Indicators are not supported, which may limit the automated trading capabilities of some traders.