FxPro Review
4.7
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
FxPro Broker is a professional and trusted platform that offers advanced trading technology, a wide range of tradable instruments, competitive spreads, and efficient execution. With their commitment to regulatory compliance, comprehensive research tools, and dedicated customer support, FXPro Broker is an ideal choice for traders seeking a reliable and rewarding forex trading experience.
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FxPro offers varied pricing options with fixed and variable spreads
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Free deposit and withdrawal options available
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FxPro is known for its popular MetaTrader and cTrader platforms, accessible on desktop, web, and mobile
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Fast and fully digital account opening process
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FxPro offer over 70 forex pairs, over 15
Commodity assets, 18 indices, over 2000 global companies’ stocks in
addition to 22 futures, ETFs and 28 cryptocurrencies.
Overview
Year founded
Minimum deposit
Withdrawal fee amount
Available
Offerings
Platforms
available
2006
100$
0$
Forex, Indices, Futures, Shares,
Crypto, Metals, ETFs and Energies
- Kindly adjust platforms to: MT4 Desktop (Windows & MAC), FxPro
MT4 WebTrader, FxPro MT4 Multi Terminal, FxPro MT4 Mobile (iOS
& Android).
- MT5 Desktop (Windows & MAC), FxPro MT5 Mobile (iOS & Android).
- cTrader Desktop, FxPro cTrader Web, FxPro cTrader Mobile (iOS &
Android).
- FxPro mobile app for iOS/Android.
Account Opening
FxPro offers a hassle-free, straightforward, and remarkably fast account opening process. The minimum deposit required by FxPro is $100, making it an excellent option for those looking to start trading with a low amount. In addition, FxPro provides the flexibility to open corporate accounts or swap-free/Islamic accounts for religious purposes. While FxPro accepts customers from around the world, there are a few exceptions, including residents of the USA, Canada, and Israel. For clients with an account balance of at least $50,000 or equivalent, FxPro offers a VIP account that comes with exclusive benefits such as a free Virtual Private Server service and reduced prices. The account opening process at FxPro is entirely digital, ensuring speed and simplicity. The online application form can be filled out within just 10 minutes. To open an account with FxPro, you will need to provide information such as your country of residence, name, email, nationality, date of birth, and phone number. Additionally, you will be required to fill in details regarding your employment status, financial information, industry, level of education, annual income, and the source of your wealth. You will also need to specify the reason for opening the account. Furthermore, you can select your preferred trading platform from options such as MT4, MT5, or cTrader, and customize settings like default leverage and base currency. To verify your identity and residency, simply upload a copy of your national ID, passport or driver's license. Additionally, a selfie will be required for further identity verification. Utility bills and bank statements are accepted as valid proof of residency.
Safety
FxPro operates under the regulation of multiple global financial authorities Financial Conduct Authority (FCA),Cyprus Securities and Exchange Commission (CySEC), Securities Commission of The Bahamas (SCB), Financial Services Commission of Mauritius (FSCM), Saint Kits and Nevis (KNN). Ensuring a high level of oversight and security. These authorities include , solidifying its commitment to regulatory compliance. While FxPro is a well-established brand, it is not listed on any exchange and does not publicly disclose its financial information. One of the notable features offered by FxPro is negative balance protection. This means that in the event that your account balance goes into a negative state, you will be safeguarded from incurring further losses. Established in 2006, FxPro is headquartered in Cyprus.
Risk disclaimer
Trading securities carries a significant level of risk. When it comes to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is substantial exposure to various risks. These risks include, but are not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility. They can have a significant impact on the price or liquidity of a currency or related instrument. It is important to note that the methods, techniques, or indicators provided in these products may not necessarily yield profits, and there is a possibility of incurring losses. For more information on the risks associated with forex trading, please refer to further resources.
Summary
FxPro is subject to regulation by multiple authorities worldwide, ensuring a high level of oversight. Opening an account with FxPro is a swift and entirely online process, offering convenience to users. Moreover, there are numerous free deposit and withdrawal options available.
However, it's important to note some drawbacks of FxPro. The product range is primarily focused on CFDs and forex, limiting the available trading options. While the trading fees are generally low, they can be relatively high for certain stock CFDs.
To gain firsthand experience, you have the opportunity to test FxPro through its demo account, allowing you to explore the platform without any risk.