FxPro Review 2024

FxPro General Information

FxPro has been operating since 2006. For 15 active years, it confidently became one of the world's leading Forex and CFD broker. An impressive list of more than 85 international awards is constantly being updated, and the number of loyal customers is increasing on a daily basis. FxPro is regulated by CySEC, FCA, FSCA, SCB. The commany offers a range of assets including CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies and cryptocurrencies.

According to an internal research, 70% of FxPro traders are ready to recommend the company to their colleagues and acquaintances. Such strong relationships are based on the absence of a conflict of interest.

FxPro is an NDD broker, which means that all orders are executed without dealing intervention and with ultra-low latency data centres in London and Amsterdam. Our trading servers are co-located and connected to Tier-1 banks that provide liquidity through our proprietary aggregator Quotix. As a result, we are able to offer the best "bid and ask" prices possible in conjunction with dynamic leverage and 24/5 support.

FxPro Awards

By 2020, FxPro has gained 85+ international awards. The most recent ones include Best FX provider 2021, Most trusted broker (Global) 2021 and Best Broker (UK) 2021.

Each prize is an appraisal of the hard work that’s been put in by developers and data analysts of the company. Their main task was to create flawless easy to use products that are in demand by traders around the world and they have exceeded all expectations.

Clients who have been trading with FxPro for years are very familiar with our reliability, that’s backed by our 4 licenses of the world's leading financial regulators and by our global presence in Cyprus, the Bahamas, Great Britain and Monaco. FxPro Group Limited is the holding company of:

• FxPro UK Limited, authorised and regulated by the Financial Conduct Authority (registration no. 509956).
• FxPro Financial Services Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) and authorised by the Financial Sector Conduct Authority ('FSCA') (authorisation no. 45052).
• FxPro Global Markets Ltd, authorised and regulated by the SCB (license no. SIA-F184).

Furthermore, traders from the UK and the EEA are protected under the Financial Services Compensation Scheme (FSCS) and Investors Compensation scheme respectively.

FxPro Trading Platforms

The company provides access to financial markets via 4 of the world's most popular trading platforms. Clients can register trading accounts as well as a Demo account in USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR currencies. With a leverage of up to SCB 1:200 and Pro Clients 1:500. Spreads on the EUR/USD start from 1.2 pips in the MT4 Trading Platform and Spreads start from 0.2 pips in the cTrader platform.

FxPro offers the following trading platforms:

• FxPro MT4 Desktop, FxPro MT4 WebTrader, FxPro MT4 MultiTerminal, FxPro MT4 for Mobile
• FxPro MT5 Desktop, FxPro MT5 WebTrader, FxPro MT5 for Mobile
• FxPro cTrader Desktop, FxPro cTrader Web, FxPro cTrader for Mobile
• FxPro Edge

Demo accounts are available on MT4, MT5, cTrader and FxPro Edge[2] to allow beginners to learn how to trade and enable advanced traders to test their strategies in a risk-free environment. Demo accounts are free and unlimited, available to all and can be recharged at any time.

Trading Costs

There is no commission fee for opening and closing positions on the MT4 and MT5 platforms, with FxPro applying a small mark-up to the spread. MT4 spreads start from 0.6 pips. cTrader clients are charged a commission fee of 45USD for every 1 million USD traded upon opening a position, and 45USD upon closing the position, when trading forex and spot metals. Spreads on cTrader start from 0 pips.

Advanced Trading Tools

FxPro Tools is an all-in-one application designed to help traders access the markets at any time by providing real-time market information on a variety of instruments. The app is available on Android and iOS devices, Apple Watch and Apple TV, and as a browser extension for Google Chrome, Safari, Mozilla Firefox and Opera. From the app, traders can access the FxPro Trader’s Dashboard and economic calendar, perform calculations using the trading calculators available, monitor the markets and set price alerts, as well as access daily market analysis straight from the FxPro Blog.

FxPro offers many other advanced trading tools, including FxPro Quant, a visual strategy builder which gives traders the opportunity to turn their strategies into trading algorithms without the use of complex coding languages. Quant won the “Best Product of the Year” award at the 2013 UK Forex Awards, and is particularly useful, since it features a user-friendly drag-and-drop interface, allowing anyone to enter the world of algorithmic trading by creating strategies for the MT4 or cTrader platforms.

FxPro also offers low latency VPS. This service is particularly useful for traders that use EAs, since VPS allows you to trade around the clock with no down time and without the need to keep your PC on.

FxPro Vault / FxPro Wallet

All FxPro clients are entitled to their personal FxPro Vault/FxPro Wallet upon registration, which they can use at no cost at all. The Vault/Wallet is a pioneering personal money and risk management tool that allows traders to deposit and withdraw funds with ease. It works as a central account, in which you deposit your funds and then make transfers to your trading accounts with a few simple clicks. In this way, client funds are readily available for trading, yet also completely protected against the impact that market movements may have on trading accounts.

Education

For beginners, the ‘Getting Started’ page on the main FxPro website offers a useful overview of trading basics and key forex terms. The FxPro Help Centre offers a comprehensive FAQ section, as well as user guides and video guides to assist with using any FxPro product or service. Technical analysis is also available via advanced trading tools such as Trading Central, while the FxPro blog provides traders with in-depth fundamental analysis and market news. Traders can also register for regular webinars organised by FxPro, which cover all important aspects of trading.

The FxPro Customer Support is also available 24/5 to help clients with any queries that they might have. Traders can contact the Support Desk by phone, via live chat or email, or request a call back. 

Advantages

• CFDs and Spread Betting[2] on 6 asset classes including Forex, Shares, Spot Indices, Futures, Spot Metals, Spot Energies
• Award-winning order execution with no dealing desk intervention subject to FxPro’s Order Execution Policy
• Tight spreads, competitive pricing and deep pool of liquidity
• Wide range of trading platforms
• Many deposit and withdrawal options
• Negative Balance Protection, offered subject to the Order Execution Policy
• Exclusive tools, educational resources and market analysis

Reliability

FxPro is dedicated to providing its clients with top-class products and services, having gained consistent recognition from independent organisations and respected financial media. Year after year, FxPro has been honoured with highly coveted titles including “Best FX Broker” for 2013, 2014, 2015, 2016 and 2017 at the prestigious Shares Awards.