FxPro is a well-regulated ECN forex broker that offers forex and CFD trading. The broker is credible with licenses from several top-tier regulatory bodies plus it offers competitive trading fees and features. Below are quick links to the main sections of this Fxpro review which we feel will be helpful to help you navigate easily.

FXPRO FOREX BROKER DESCRIPTION

FxPro launched in 2006 as a forex broker with the slogan « trade forex like a pro.” They became regulated by the FCA (UK) in 2010 and are regulated in the UK, South Africa, and the Bahamas. The broker offers forex trading services to hundreds of thousands of clients from over 170 countries.

Their main offers are Contracts for Difference (CFDs) on major assets such as forex, indices, metal, energy, shares, and futures. They recently introduced CFDs on sought-after asset cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

They offer support for MetaTrader 4, MetaTrader 5, and cTrader. They also offer their proprietary trading platform called FxPro Platform.

This FxPro broker review further explains all you need to know about this broker.

SUPPORTED COUNTRIES

FxPro offers CFDs and forex trading services in over 170 countries from all continents. Supported countries include the United Kingdom, Cyprus, South Africa, the Bahamas, and other countries from various continents.

However, there are regions where residents may not access FxPro trading services. The broker does not offer services to residents in the United States of America, the Islamic Republic of Iran, and Canada. They also do not operate in regions where their services would contradict local laws or regulations.

Other countries on the restricted list include Afghanistan, Bosnia and Herzegovina, Myanmar, Côte d’Ivoire, Cuba, Democratic People’s Republic of Korea (DPRK) (North Korea), Congo, Iran, Iraq, Liberia, Libya, Myanmar, Northern Mariana Islands, Palestine Occupied Territory, Puerto Rico, Somalia, Sudan, South Sudan, Syria, Tunisia, Trinidad and Tobago, Vanuatu, Yemen, and Zimbabwe. Citizens of these countries will have to go to supported regions before they can access FxPro services.

CUSTOMER SERVICE RATING

FxPro is rated “excellent” on Trustpilot with a 4.4 rating based on 321 reviews. Positive FxPro reviews praise the broker’s support for trading bots and their reliable and affordable VPS service.

Other positive reviews mention the support for MT4 (MetaTrader 4) and the ability to make deposits using preferred methods. However, some user FxPro reviews show that there is room for improvement in terms of customer support.

FXPRO TRADING PLATFORMS

FxPro broker supports MetaTrader 4, MetaTrader 5, and cTrader. It also offers its proprietary FxPro trading platform. These platforms are available for Android, iOS, and Windows devices.

FxPro

The Fx Pro Broker Platform allows clients to trade from charts and supports 1 click trading. It offers over 50 indicators, sound price alerts, 4 pending order types, detachable charts, and an integrated economic calendar. However, it does not support EA trading, trailing stop, or coding languages. Furthermore, it doesn’t show the Depth of the Market (DoM) and market sentiments for minor currency pairs. It is available on iOS and Android.

MT4

MetaTrader 4 or MT4 offers a lot of features such as EA Trading, chart trading, 1 click trading, 30 indicators (you can add custom also), 4 pending order types, trailing stop, price alerts via sound email and notification, support for 37 languages and support for MQL4 coding language. On the other hand, it does not support an integrated economic calendar, market sentiments, or Depth of Market (DoM). It is available for PC, Mac, Android, laptop, Web, and Windows.

MT5

MetaTrader 5 offers all the features of MT5 and includes additional features such as Depth of Market (DoM), over 35 indicators, support for 49 languages, detachable charts, and support for MQL5 instead of MQL4. It is available for PC, Mac, Android, laptop, Web, and Windows.

cTrader

cTrader offers the most feature of the four available trading platforms on Fx Pro. The features include EA trading, chart trading, Depth of Market (DoM), 1 click trading, over 55 indicators, 6 pending order types, trailing stop (with advanced take profit and breakeven stop loss), market sentiments on major and minor pairs, support for 22 languages and C# coding language. It also provides an integrated economic calendar and detachable charts. The platform is accessible via Microsoft Windows 2008/7/8/10 operating systems.

TRADING DENOMINATIONS ON FXPRO

There are 8 distinct base currencies in which FxPro broker accounts can be denominated. These denominations are EUR, USD, GBP, CHF, JPY, PLN, AUD, and ZAR.

COMPANY STRUCTURE

FxPro Group Limited owns FxPro. Subsidiaries under FxPro Group Limited are FxPro Financial Services Limited, FxPro UK Limited, and FxPro Global Markets Limited. One of the subsidiaries, FxPro UK LTD, is a registered international trade supplier of ‘Invest In Great Britain and Northern Ireland’ by the United Kingdom Department For International Trade.

The group has its headquarters in the United Kingdom and offices in different continents worldwide. It maintains a staff force of over 200 employees and has won over 100 awards.

On many forex broker reviews, FxPro review articles hail it as one of the best forex brokers for beginners and cTrader users.

FxPro Licenses and Regulatory Compliance

FxPro Group Limited holds licenses in different regions via its subsidiary. These licenses include

• FCA (UK) license: FxPro UK Limited is authorized and regulated by the Financial Conduct Authority (registration no. 509956).
• CysEC license: FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (license no. 078/07).
• SCB: FxPro Global Markets Limited is authorized and regulated by the Securities Commission of The Bahamas (license no. SIA-F184).
• FSCA: FxPro Financial Services Limited is authorized by the Financial Sector Conduct Authority (‘FSCA’) (authorization no. 45052).
• FxPro also has 28 EEA registrations. These include BaFin, registration no. 121095, ACPR, registration no. 72430 and CNMV, registration no. 1722

FxPro Customer Protection

FxPro considers the safety of client funds a matter of grave importance. All client funds are fully segregated from the company’s funds and warehoused in bank accounts in major European banks.

Their subsidiaries are also parties to various compensation funds designed as insurance for clients’ funds. FxPro Financial Services Limited is a party to the Investor Compensation Fund (ICF), while FxPro UK Limited is a party to the Financial Services Compensation Scheme (FSCS).

TRADING INFORMATION

According to Fx Pro reviews, the platform allows clients to trade over 70 currency pairs and benefit from tight spreads and fast order execution. They also offer free deposits/withdrawals and competitive spreads.

FxPro Leverage

FxPro offers up to 1:500, but the exact leverage available depends on your jurisdiction and the instrument/platform you are trading with. You get more leverage when your volume per Instrument is low and more when it is high. See the table below.

Deposits and Withdrawals

Deposits and withdrawals are free. However, bank transfers may attract a fee charged by the banks involved, not FxPro.

Deposits

The minimum initial amount is $1000, but clients with the Standard Account can deposit as little as $100. Deposit channels include Bank Wire transfers, Credit/Debit cards, PayPal, Neteller, Skrill, and other methods available per your country of residence. 

Accepted Credit/Debit includes Visa, Visa Electron, Visa Delta, MasterCard, Maestro International, and Maestro UK. All deposits are credited automatically to your FxPro Wallet. 

All clients may fund their wallets in USD, EUR, GBP, AUD, CHF, JPY, and PLN. Only clients of FxPro Financial Services Limited may fund in ZAR. Only clients of FxPro Global Markets Limited may fund in JPY. 

Funding in a different currency will be converted to the client’s FxPro Wallet (Vault) currency upon receipt using the exchange rate at the time of the transaction.

*Please note that Bank transfer options are not available in all countries.

Withdrawals

FxPro requires that any recent card deposits be withdrawn to the card in question before you can withdraw via other methods. After refunding card deposits, you have to refund the PayPal and Skrill deposits before you can withdraw via bank wire or another e-wallet method.

Withdrawals are usually processed within a few hours during working hours and the next day if the request is made outside working hours. Unlike deposits, the withdrawal procedure takes longer.

*There are rarely any withdrawal problems, as withdrawals can be processed automatically. 

FXPRO TRADING EDUCATION AND TRAINING

Fx Pro broker offers a variety of video courses and articles for beginners and advanced traders.

The training modules are:

• Basics
• Fundamental Analysis
• Technical analysis
• Psychology
• Fundamental Analysis 2.0 (for advanced traders)

DESKTOP TRADING PLATFORMS

• Platforms Available: MetaTrader 4, MetaTrader 5, cTrader, FxPro Trading Platform.
• Features: Standard desktop trading experience, transparent pricing, trade execution.
• Charting and Analysis: Includes various indicators and studies.
• Limitations: No hedging on MetaTrader 5; conditional orders and customizable watchlists available.
• Additional Tools: Demo account (requires ID), news feed, access to Trading Central WebTV.

MOBILE EXPERIENCE

Rating: 4.2.

• Compatibility: iOS and Android; Touch ID login for Apple devices.
• Customization: Easy-to-customize watchlists, multiple lists possible.
• Alerts: Mobile price alerts with bid/ask options and custom messages.
• News: Streaming mobile news with major headlines.
• Orders: Supports market, limit, stop, stop-limit orders; option to set order expiry.
• Charting: Multiple time frames, trading indicators; direct trading from charts.

Mobile and Desktop Key Summary

FxPro offers a range of desktop and mobile trading platforms with essential features like charting, transparent pricing, and various order types. Limitations include no hedging on MetaTrader 5 and ID requirement for demo account access. The mobile app is highly rated for its security, customizability, and real-time news updates, enhancing the trading experience on the go.

CONCLUSION

FxPro is a reputable international FX and CFDs broker. Our FxPro review has broken down how this broker provides thousands of trading instruments, supports multiple platforms, and offers other features to make it perfect for beginners and advanced traders. It is also one of the few brokers that supports cTrader, which makes it a perfect choice for people who prefer to trade using the cTrader platform.

The broker also offers competitive spreads, zero fees on deposits and withdrawals, and a very profitable affiliate program.