FxPro

Why to choose FxPro?

Here is why to choose FxPro or simply skip it, up to you to choose!

FxPro started its operation in 2006 as an online forex broker and since then enhanced its service dramatically, by its aim and follow of a client-centric approach. In fact, FxPro now serves retail and institutional clients from around 170 countries through over 2 Million Trading accounts which made it one of the leading Forex Brokerages

FxPro has been in business for a very long time and is a highly regulated Broker. Account opening is simple, offers a variety of account types, a good selection of trading platforms, is inexpensive, and uses multiple pricing models. High-quality research and teaching are offered by FxPro, and newcomers are welcome.

On the other hand, proposal requirements vary by jurisdiction, and some places do not accept deposits.

Is FxPro safe or a scam?

No, FxPro is not a scam. FxPro is considered to be a safe broker to trade. It is regulated and licensed by several top-tier financial authorities including FCA, CySEC. Therefore, it is secure and low-risk to trade FX and CFD with FxPro.

Is FxPro legit?

Finally, because FxPro is an established brokerage firm in numerous jurisdictions, it is authorized and controlled not only by one regulator but by several, adding additional levels of protection and always working in favor of traders.

FxPro Group Limited is the holding company that consists of – FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets MENA Limited and FxPro Global Markets Limited. The group headquarter is in the UK, however, broker serves offices in the UK, Cyprus, Monaco and Bahamas. As a licensed broker FxPro subject to strict European laws, providing its financial services guaranteed by legal regulatory agencies such as CySEC and FCA.

How are you protected?

First and foremost, the broker’s regulation maintains its legitimacy. A reputable authority regularly audits the broker’s performance and protects the client’s deposit with a number of protections. Client funds are stored in segregated accounts of European investment-grade banks, while the trader is a participant in the compensation of investors in case of FxPro insolvency, as well trade with negative balance protection.

Leverage

Leverage specification at FxPro offers a dynamic forex leverage model with various levels as the regulatory requirements of a particular entity set and obliged broker to follow. You can choose a level that is appropriate for you and modify to your strategy because, as we previously discovered, FxPro provides trading access through three primary trading platforms that automatically adapt the trading positions of its clients.

The maximum leverages offered by FxPro entities are detailed below since conditions vary according to entity regulatory obligations and applicable rules and ranges between

1:30 for European Clients up to 1:200 for International traders

Account types

FxPro Accounts offer one account with a full package of advantages proposed by FxPro, also Micro Accounts and Swap-free accounts are available too. Demo account for practices remain available with Live account through easy switch between Live and Demo account right from the platform.

Fees

FxPro trading fees are built into the FxPro tight spread, which is a difference between bid and ask price. However,
to get the complete picture, look into all broker fees, such as extra commission fees for deposits or withdrawals and
non-trading fees. See FxPro fees below.

You should consider also FxPro overnight fee charged by the broker in addition to the spread, for Forex pairs the cost or income is calculated as the interest rate. Or differential between the Tomorrow Next Deposit Rate of the 2 currencies in question, plus the commission charged by the broker.

You may either gain or lose on a swap or rollover based on the sort of position you take, whether it is long or short and what instrument you choose.

Spreads

FxPro offers both variable and fixed spread (Find brokers with fixed spread), while fixed available only through the MT4 platform, yet FxPro cTrader offers market execution with an average spread Eur/Usd 0.3 and 45$ commission per 1$ million traded.

Overall, FxPro spreads and costs considered to be low among the industry offering, for instance check and compare FxPro fees with its peer FP Markets.

Instruments

At the development stage FxPro started as a forex broker and then spread further into providing CFDs on 6 asset classes, with over than 430 instruments. We see within our FxPro Review that the broker still continues its development by adding on more instruments hence influence the company’s growth too.

The FxPro Cryptocurrencies offering speculation on CFDs with the most popular cryptos, which is a great advantage too.

Trading Platforms

Let’s look more closely at the individual FxPro product and see why international traders like this choice.

The platforms range, first and foremost, provides the truly powerful software through a choice to fit your needs and demands, either by the industry-leading FxPro MetaTrader4 or its newest version FxPro MetaTrader5. Or maybe to stick with the super technological platform FxPro cTrader or to use the proprietary platform FxPro Edge for Spread Betting.

Education

At FxPro, beginners are warmly welcomed, which is why the broker provides them with expert education resources and courses tailored to their level of experience. Additionally available are instructive films, webinars, ebooks, and other crucial materials, as well as fundamental, technical, and other analysis reports.

Besides, you will get exclusive trading tools FxPro included into its proposal that offers Economic Forex Calendar, Technical Analysis performed by Trading Central, 8 FxPro calculators and more.

Customer Support

In order to give you the help any trader may require, FxPro has a dedicated multilingual customer service team that is available 24 hours a day, 5 days a week. Actually, FxPro has positive ratings and the community and traders alike are pleased with the company’s service quality, which is undoubtedly a bonus.

Additionally, FxPro is accessible 24/7 in a number of nations thanks to its existence and operation of support service offices, so you may get in touch with them via any appropriate channel, such as live Chat, international lines, and emails.

Conclusion

Overall, FxPro is a very customer-friendly broker that, in addition to its good reputation and reliability, gives an advantage to traders of various levels of competence thanks to strict regulation. Trading circumstances are favorable, costs are reasonable, and the organization of the company’s analytical and educational resources is absolutely astounding