fxpro-broker-service-review-in-numbers fxpro-broker-service-review-in-numbers

FxPro, established in Cyprus in 2006 and regulated by top financial authorities like CySEC, FCA, and SCB, operates in over 170 countries and has garnered over 85 international awards. The broker offers a vast selection of over 2,100 trading assets, including currencies, stocks, and cryptocurrencies, through platforms like MT4, MT5, and cTrader, and is known for its high safety standards, segregating and insuring clients’ funds. Despite its comprehensive services, including negative balance protection and various account benefits, FxPro’s $100 minimum deposit may not appeal to beginner traders. The broker excels in technological infrastructure, offering fast order execution, a wide range of trading tools, and a robust educational system, making it a commendable choice for traders prioritizing regulation, diverse trading options, and a secure trading environment.

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FxPro Broker: Comprehensive Review

FxPro, established in July 2006 in Cyprus, has evolved into a reputable brokerage firm catering to retail and institutional clients in over 170 countries. Holding licenses from multiple financial regulators, including CySEC (Cyprus), Bahamas SCB, FCA (UK), and South African FSCA, FxPro ensures a regulated and secure trading environment. Praised with over 85 awards like “Best Forex Trading Platform” and “Best Trading Platform,” the broker stands out for its trading tools and asset variety, offering over 2,100 trading assets, including 70+ currency pairs, futures, stocks like Twitter, Apple, Google, and cryptocurrencies, depending on the account type.

Account Details:

  • Currencies: USD, EUR, GBP, CHF, AUD, PLN, ZAR, JPY
  • Minimum Deposit: $100 (USD, EUR, GBP, CHF)
  • Leverage: Up to 1:500, varying by jurisdiction (e.g., 1:30 for currency pairs in certain regions)
  • Spread: Starting from 0.0 pips
  • Instruments: Over 2,100 assets (currencies, stocks, indices, futures, metals, energies, cryptocurrencies)
  • Margin Call / Stop Out: 25/20

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Advantages of Trading with FxPro

  • Negative Balance Protection: Automated transaction monitoring and risk management ensure clients’ capital does not go into a negative balance.
  • Fund Insurance: Participation in an investor compensation fund insures client funds.
  • Accessibility: Full package of services available regardless of account balance, with special features for VIP account holders like a personal manager and Free VPS.
  • Robust Capital: Company capital exceeds 100 million euros.
  • Swap-free Accounts: Available for clients with specific religious beliefs (e.g., Islamic traders).
  • Educational and Research Support: Access to a comprehensive educational and research department.

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Disadvantages of FxPro

  • Higher Entry Barrier for Beginners: The $100 minimum deposit might deter first-time traders seeking a lower entry point.

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Who Should Trade with FxPro?

FxPro is a suitable choice if:

  • Regulation Matters: You value the extensive regulation FxPro offers.
  • Diverse Deposit and Withdrawal Options: You prefer multiple funding methods including standard bank transfers, Visa, Mastercard, and various digital wallets.

However, consider alternatives if:

  • You Plan a Minimal Initial Investment: Other brokers may offer lower or no minimum deposit requirements.

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Technological and Market Edge

FxPro distinguishes itself with superior technical capabilities, showcasing average order execution speeds of 14-30 ms, significantly faster than the market average. The broker boasts narrow spreads for major pairs like EUR/USD, with a reliable performance even during volatile market periods. This efficiency is partly due to prestigious liquidity providers like Barclays, Citibank, and RBS.

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Platform Diversity and Trading Conditions

FxPro caters to a broad spectrum of traders by offering platforms like cTrader, MT4/MT5, and FxPro Edge. These platforms support custom indicators, scripts, and Expert Advisors (except for FxPro Edge). Additional tools include market sentiment indicators, volatility of currency pairs, Trading Central analytics, and a news feed with streaming information. The broker emphasizes instant processing of withdrawal requests and credits money promptly, ensuring a positive initial experience.

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Account Types

FxPro offers diverse account types, including:

  • FxPro MT4 Instant (with fixed and floating spreads)
  • FxPro MT5
  • FxPro cTrader

Each account type caters to different trading preferences, with options for Forex, metals, indices, energies, futures, shares, and cryptocurrencies.

Find out more about FXPro’s Account Types

Commissions & Fees

FxPro maintains competitive pricing with narrow spreads and zero commissions for trading stocks. The broker’s website provides detailed information about the fees associated with different account types.

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Safety and Regulatory Compliance

FxPro’s operations are overseen by renowned financial services commissions, ensuring a high standard of security and trustworthiness. The broker partners with leading investment banks for liquidity and segregates clients’ funds in esteemed banks like Barclays, Citibank, and RBS. PwC, a reputable external auditor, further reinforces the broker’s commitment to transparency and regulatory compliance.

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Customer Support and Additional Services

FxPro takes pride in its multilingual customer support, available 24/5, catering to traders’ queries and needs proficiently. Additional services include a VPS server for uninterrupted trading, a two-tiered educational system, and a comprehensive mobile app for trading on the go.

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FxPro emerges as a robust brokerage choice, balancing innovation, market responsiveness, and client-centric services. The broker’s technological prowess, extensive asset offerings, and commitment to trader education and support make it a compelling option for traders at all levels. While the minimum deposit might be high for some, the benefits and services provided by FxPro align with the needs of serious traders seeking a professional and reliable trading environment.

Go to FxPro Official Website

FAQs about FXPro’s service

What is FxPro and where is it registered?
FxPro is a global forex broker, registered in Cyprus in July 2006 and licensed by top financial regulators including CySEC, Bahamas SCB, FCA, and South African FSCA.
What range of trading assets does FxPro offer?
FxPro offers a wide range of over 2,100 trading assets, including more than 70 currency pairs, futures, stocks (like Twitter, Apple, Google), and cryptocurrencies, with the specific assets available varying by account type.
What are the account specifications and trading conditions with FxPro?
FxPro offers accounts in multiple currencies with a minimum deposit of $100, leverage up to 1:500 (subject to jurisdiction), and spreads from 0.0 pips. The broker ensures high safety standards, with clients’ funds kept in segregated accounts in large international banks.
What should traders consider before choosing FxPro?
Traders should consider FxPro’s comprehensive regulatory framework, diverse deposit and withdrawal options, and the minimum deposit requirement of $100, which may be high for beginners.
How does FxPro ensure fast and reliable trading?
FxPro boasts average order execution speeds of 14-30 ms, significantly faster than the market average, largely due to partnerships with major liquidity providers like Barclays, Citibank, and RBS.
What trading platforms and tools does FxPro offer?
FxPro offers MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge platforms, supporting custom indicators, scripts, and Expert Advisors (except for FxPro Edge). It also provides tools like market sentiment indicators, Trading Central analytics, and a news feed with streaming information.
How does FxPro address the security of client investments?
FxPro’s activities are regulated by major financial commissions, ensuring strict adherence to safety and security measures. Clients’ funds are held in segregated accounts, and the broker’s operations are audited by PwC.
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