FxPro Review

FxPro

Name FxPro
Regulation Yes
Demo Account Yes
**Islamic Account Yes(swap free)
Minimum Deposit 100$
*Max Leverage 1:500
Owners FxPro Group Limited
Address Karyatidon 1, Ypsonas 4180, Cyprus
Overall Rating

*Regarding the new ESMA rules, the maximum leverage for EU citizens is up to 1:30.
FxPro will allow leverage of 1:500 only for FxPro Global (FSB regulated) clients.
**In observance of the Shariah Law, FxPro offers swap-free accounts to clients of the Muslim faith. To apply for a swap-free account, please send an email request to FxPro Back Office Department.


FxPro Overview

FxPro Group Limited is the holding company of FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets MENA Limited, and FxPro Global Markets Limited.

FxPro Group Limited was founded in 2006 and is headquartered in Ypsonas, Cyprus.

FxPro offers her client to trade with the popular Meta Trader platform’s(MT4 and MT5) from MetaQuotes, available on the web, iPhone & Android, tablet, iPad and for download on Windows and Mac OS.
In addition, FxPro offers the Spotware Systems platforms: cTrader(windows), WebTrader, and cAlgo.

FxPro is regulated in the United Kingdom, Cyprus(EU), Dubai, South Africa, and the Bahamas.

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Regulation

  • FxPro UK Limited is authorized and regulated by the Financial Conduct Authority (registration no. 509956).
  • FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (license no. 078/07) and authorized by the Financial Services Board (‘FSB’) (authorization no. 45052).
  • FxPro Global Markets MENA Limited is authorized and regulated by the Dubai Financial Services Authority (reference no. F003333)
  • FxPro Global Markets Ltd is authorized and regulated by the SCB (license no. SIA-F184).

Tools & Training

Under FxPro Help Center we found some useful information for both newbies and experienced traders.

FAQ

Go ahead and explore the Frequently Asked Questions section, you will find really good questions regards FxPro in general, Account types, Trading platforms, and Online trading.

FxPro FAQ page

Trading Academy

FxPro states that: “FxPro Trading Academy has been designed to prepare a complete beginner for the challenges of trading on the world’s currency markets”.

So, we took a quick look at the course. It’s recommended to take a look at FxPro glossary to understand some terms better, it will make it more easy for you. and those are the main points to notice at this course:

  • Why Trade Forex – This part explains the advantages of Forex trading.
  • Forex Basics – A very important part that explains the basics of the Forex market. Exchange rates, currency pairs, buy and sell, bid and ask, pips and tics, volume and leverage, all of those terms explanation will be found on that part.
  • The Art Of Chart – Explanation of price charts and their usage, also, you will find in that part the chart duration and chart types explain.
  • The Sun Never Sets on Forex Traders – Explain about the 3 Forex trading sessions.

 

Articles

Some articles about chart indicators, chart indicators help traders to make smarter decisions regarding their trading positions.
On this part, you will find explain regarding 6 different major indicators such as: Average Directional Movement Index (ADX), Stochastic Oscillator, Relative Strength Index (RSI), Bollinger Bands (BB), Moving Average (MACD), and Parabolic Stop & Reverse System (Parabolic SAR).

Webinars and Seminars

We are very disappointed that we couldn’t find any upcoming webinars or seminars, It seems like FxPro stopped it.

Watch and Learn

We found here a link to FxPro YouTube page that not seems to be active.


Platform & Assets

FxPro offers three different platforms to trade with, the Meta Trader 4 (MT4), Meta Trader 5(MT5) and the cTrader(from Spotware Systems), all of them are available in a web-based versions, smartphone versions for both Android & iOS and desktop, the Meta Trader 4/5 are available for download on Mac OS and Windows, the cTrader is available for download only on Windows.

cTrader - Prices are illustrative
cTrader – Prices are illustrative

FxPro Quant Strategy Builder – an easy way to create algo trading strategies for both MT4 and cTrader with a user-friendly interface.

The Meta Trader platforms from MetaQuotes are well known as a platform who allowed to use automatic trading with expert advisors, cTrader cAlgo allows automatic trading with robots and indicators developed in C#.

Comparison Table:

FxPro MT4

FxPro MT5

FxPro cTrader

Instruments Available MT4: Forex (69 Pairs), Bitcoin, Spot Indices, Spot Energies, Spot Metals, Futures, and Shares MT5: Forex (69 Pairs), Bitcoin, Spot Indices, Spot Energies, Spot Metals, and Futures cTrader: Forex (69 Pairs), Bitcoin, Spot Indices, Spot Energies, and Spot Metals
Variable Spreads (EURUSD) Instant Average 1.4
Market Average 1.2
Average 1.4 Average 0.3
Trading Costs Forex & Metals: Spread mark-up
Futures: No commission
Shares: No commission
Indices: No commission
Cryptocurrencies: No commission
Forex & Metals: Spread mark-up
Futures: No commission
Indices: No commission
Cryptocurrencies: No commission
On Forex and Metals $45 per $1 million traded (upon opening and closing a position)
Futures: No Commission
Cryptocurrencies: No Commission
Markup may apply
Registration Link

FxPro Support

United Kingdom 
FxPro Headquarters

Local calls toll-free: 08000 463 050
Reception: +44 (0) 20 7776 972
Fax: +44 (0) 207 600 70632
Email: info@fxpro.co.uk

Cyprus
Operational Headquarters

Tel: +357 25 969 200
Fax: +357 25 969 269
Monaco
Administrative Office

Tel: +44 (0) 203 151 5550
Fax: +44 (0) 207 600 7063

United Arab Emirates
Dubai Office 
Local calls toll-free: 8000 440 316
Reception: +971 (0) 4 372 5900  7:30am – 4:30pm GMT
Bahamas
Nassau Office 

TradeProperly Final Opinion of FxPro

FxPro was founded in 2006, a very experienced broker, regulated by the FCA, CySec, FSB, DFSA, SCB.

FxPro offers the top leaders trading platforms available, the Meta Trader 4, Meta Trader 5 and cTrader platform. New traders could use the FxPro Education, where they can find guides about trading with each one of the platforms above, in addition, there is enough educational material that allows newbies to learn how to trade.

A wide variety of assets are available through the different platforms(see the chart above), such as CFDs on Forex(more than 70 pairs), Shares, Futures, Spot Indices, Spot Metals, and Spot Energies.

Regulation
Assets
Tools & Training
Platform
Experience
Beginners Friendly
Average
 

Do you have any kind of experience with this broker? Want to share your opinion? Please share your opinion by commenting below, let us know if you found this article useful or if you have any questions.

 

 

7 thoughts on “FxPro Review”

  1. I’m not really knowledgeable in the stock market or investing but these posts are very informative and very important to have bookmarked. I will be fowrarding this site to my friends and family interested in anything about investing. Thanks again for sharing, a lot of research has gone into this post and it’s appreciated! 

  2. FxPro sounds compelling. Unfortunately I am in the United States not sure if it would be available to me. I’m wondering if the Trading Academy is available to people before signing up or if you have to sign up first. I’ve never been very knowledgeable in how trading works or how to do it. If I were to consider it, I like to view some of the training before attempting it just to make sure I understood what I was doing before committing. Too bad their YouTube channel has become inactive. Thank you for the overview! 

    • Hi Lynne,

      FxPro is not available for United States residents, we are working on some reviews on regulated brokers in the United States.

      And the answer to your question is yes, the trading academy is available to everyone. 

  3. So far the best forex broker in my practice. Of course it’s not perfect and they have to grow. But I feel safe as I withdraw all the profits without delays and they don’t trade against me.

  4. Very good broker. The services on the quite high level and they often try to develop it. Client support always tries to help and there are no problems with deposits and withdrawals.

    • Hi Adam.
      Thank you for sharing with us, we are happy to hear those good things about FxPro.

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