FxPro Review 2024: Pros, Cons, & Fees

fxpro review

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. FxPro offers both commission-free and commission-based accounts with competitive spreads. Spreads for major pairs start from 0.6 pips on commission-based accounts and slightly wider on commission-free accounts.

fxpro review

Elevating Your Trading Experience

Choosing the right platform depends on your trading style, experience level, and desired features. FxPro allows you to demo all platforms before opening a live account, allowing you to find the perfect fit. The infrastructure which is in place ensures clients can use the format they prefer. There is Live Chat, phone and email and the nice addition of a “Feedback” button. In an effort to protect client cash balances FXPro have built relationships with highly regarded banks such as Barclays Bank PLC, Julius Baer and Royal Bank of Scotland.

Is FxPro regulated?

So far the company has expanded its services and now offers it to customers from more than 150 countries. Aside from that, the broker keeps getting various international and local awards like ‘Best FX Provider’ in Online Personal Wealth Awards or ‘Most Trusted Forex Brand UK’ from Global Brands Magazine. They uncovered several methods through which you could make deposits and withdrawals with the broker. The fact that the broker manages to offer all of these options in tandem with their own spread-betting platform is a fact that our UK review team, in particular, were impressed by. With that in mind then, the UK review team would recommend carefully selecting which trades you want to make prior to doing so with the broker. This should mean that you are knowledgable and ensure to get the best deal possible for your money from the more than 150 markets available in this category.

FxPro Educational Resources

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 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. 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.

  1. Most importantly, it is regulated in the United Kingdom, which is reputedly safer than some regulators in the EU.
  2. New users who do persevere with the onboarding process are pretty much ready to transfer from Demo to Live account trading as and when they want to.
  3. These spreads are published on each broker’s website and checked on the 1st of each month.
  4. Finally, there is a free indicator download to enhance your technical analysis capabilities.
  5. Traders can access hundreds of trading ideas each session as Trading Central covers over 8,000 assets.
  6. Yes, FxPro has a lucrative rebate program that offers Introducing Brokers from 40% of the spread back on accounts.

How can I ensure my trading account is secure with FxPro?

fxpro review

The broker also offers competitive spreads, zero fees on deposits and withdrawals, and a very profitable affiliate program. It’s important to note that this minimum deposit is necessary to start trading with FxPro, so if you’re not able to meet this requirement, you will not be able to start trading with them. Keep in mind that FxPro offers various account types and funding options, so you can choose the one that best suits your trading needs. The Elite Fx Trading Pro account has the highest deposit requirement ($30k in 2 months) and offers the same leverage, charges, and spreads as the Raw + account.

We aim to help you find the best broker according to your own needs. This tool contains the dates, times, currencies, events and analysts’ consensus on https://traderoom.info/ the percentage impact of the events on the corresponding currencies. You can click on the event of interest to view more details, analysis and history.

FXPro is a well-established broker and offers a range of different account types. Some of those accounts are paired with one of the trading platforms and that in turn means the T&C’s will vary. A key differentiator is the ability to offer four popular and agile trading platforms.

The minimum deposit to open an individual account with FXPro is $500. However, depending on the trading platform and the account type, the minimum deposit could go as high as $50,000. FXPro offers a range of account types for individuals, joint account holders, corporates and traders engaging in spread-betting. FXPro also allows clients to open up to five trading accounts in up to eight base currencies. Yes, FXPro is one of the most reputed brokers in the industry, serving retail and institutional clients in more than 170 countries. Established in 2006, FXPro, the subsidiary of FXPro Group Limited is a multi-regulated CFD broker offering high-speed order execution from four trading platforms covering six asset classes.

All methods are extremely fast and deposits are done instantly, though they do of course take a bit longer with wire transfers. At FxPro, withdrawal requests are handled in a single business day; however, the withdrawal method may affect how long it takes for funds to post to your account. FxPro’s instructional materials are available on their website; however, certain resources may require registration or an active trading account. If your account exceeds the required margin amount, FxPro will issue a margin call, and trades may be forced to be liquidated to avoid additional losses.

FxPro offers various trading options due to its wide choice of financial products, including Forex pairs, futures, indices, shares, metals, and energy. FxPro offers a leverage model that adjusts according https://traderoom.info/fxpro-overview/ to the trading circumstances of its clients. By providing additional market exposure, leveraging allows traders to take larger positions than their initial investment would otherwise permit.