FxPro Review

• Regulated and trusted. Tested via live trading.
• 3 572 people choose this broker.

 

Fully transparent and quality execution and some of the best terms in the industry.

FxPro is among the best MetaTrader brokers, offering a variety of account options and execution techniques. The company offers its own unique FxPro Edge app for online and mobile devices, as well as access to the BnkPro and Invest online platforms.

FxPro’s main drawback is its above-average pricing, which cannot compete with the cheapest forex brokers, even with the lowest spreads offered by the cTrader platform.

 

The main advantages and disadvantages of FxPro

PROS:

• The minimum deposit is $30
• FxPro broker was founded in 2006 and is regulated in 4 jurisdictions of different levels, including FCA (Financial Conduct Authority) level 1 jurisdiction.
• Quality and fully transparent execution.
• Supports all types of accounts with different pricing.
• Supports Meta Trader and cTrader platforms available for all devices, cTrader platform offers accounts with lower spreads.
• Convenient mobile application for working on the CFD market with fast and high-quality order execution. Available for iOs and Android.
• In 2024 FxPro became the best broker for algorithmic trading and today has more than 105 awards for excellence in the industry.
• Customer support 24/7 on multiple languages

CONS:

• Pricing is above average compared to brokers in its class.
• FxPro has fewer Forex and CFD symbols

 

Investment opportunities:

Forex trading ( CFD or spot )	Available
Forex pairs	70
US Stocks (no CFD)	Not available
Stocks international trading	Available
Cryptocurrency ( derivative)	Available
Cryptocurrency ( without CFD)	Not available
Assets	2100+
Disclaimer	Retail traders from any broker’s UK business, as well as UK citizens (apart from professional clients), are not permitted to access cryptocurrency CFDs.

Open Account with FxPro

Commissions and Fees

FxPro’s commissions are above average, there are variable and fixed spreads on MT4.

On the cTrader platform, the prices are lower and the platform operates on commissions.

Floating spread is available in MT4 and MT5.

FxPro offers VIP accounts for active traders with up to 30% discount.

Executing big orders: Without a doubt, FxPro excels at executing big orders that are made at any minimum distance from the current market price.

 

Minimum Deposit $30

Average Spread EUR/USD Standard 1.51

All-in Cost EUR/USD – Active      1.27

Active Trader or VIP Discounts  Yes

ACH or SEPA Transfers                  Yes

Skrill (Deposit/Withdraw)            Yes

PayPal (Deposit/Withdraw)         Yes

Bank Wire (Deposit/Withdraw) Yes

Visa/Mastercard (Credit/Debit) Yes

 

Mobile trading applications

 

1.FxPro Edge proprietary application for trading, account management and receiving major market news.

2.Mobile applications of third-party developers:

MetaTrader (MetaQuotes) and cTrader (Spotware).

3.BnkPro application for stock trading.

 

Trading platforms

1.FxPro Edge – proprietary web platform with excellent charts (53 indicators) and convenient design.

2.MetaTrader (MT4, MT5) – standard set of popular trading platforms, available for web and desktop computers.

3.cTrader platform (76 indicators and a variety of charting tools) and cAlgo desktop application for algorithmic trading.

 

Market analysis and news

FxPro platform provides a huge amount of quality content, both in-house and third-party. These are articles on market overview, technical analysis, webinars and training materials on the platform.

FxPro Edge proprietary platform has a built-in economic calendar and an updated news module.

 

Education

The educational part of the FxPro platform has among other things mini-cards that explain the basic concepts necessary for a trader to trade effectively. There is also a function to track the progress in learning.

The educational section has an investor’s glossary, instructional videos for beginner traders, but no videos for advanced traders. There is room for growth for the platform in expanding the number of educational videos.

 

Is FxPro Safe?

Yep, it’s got the green light from several financial regulators: the Cyprus Securities and Exchange Commission (CySEC) licence no. 078/07, the Financial Conduct Authority (FCA) registration no. 509956 .FxPro Global Markets Limited is authorised and regulated by the Securities Commission of The Bahamas (SCB) license no. SIA-F184, is also authorised by the Financial Sector Conduct Authority (FSCA) (authorisation no. 45052).

 

Bottom line 

FxPro is a reliable, well-capitalized broker that provides a variety of platform options, trade execution techniques, and the ability to process big orders for experienced traders in an orderly manner.

But FxPro charges more than the industry average, and its in-house FxPro Edge software is only accessible on a restricted number of platforms and isn’t available on mobile devices at this time.

FxPro offers a wide range of algorithmic trading alternatives, including platforms and execution techniques that enable it to effectively meet the demands of active traders that employ automated trading systems. Consequently, FxPro was recognized in our 2024 Annual Awards for Algo Trading and MetaTrader as Best in Class.

 

Trade Safe with FxPro

DISCLAIMER

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

 

 

Want to tap into passive income from forex trading? Discover our cutting-edge automated copy trading system, “Market Crowd Hunter (MCH).”

 

Parameters:

Max Leverage	30:1, 500:1 Pro clients
Assets	2100+
CFDs	Forex, Futures, Shares, Commodities, Indices, Energy, Cryptocurrencies
Customer Type	Beginners, Experienced Traders
Country/Region	UK, Europe, Australia, Middle East, Asia
Platforms	Web Trader, Mobile App, Desktop Trader, MT4 (Not available for UK), MT5, cTrader
Deposit Options	Credit/Debit Cards, Electronic Wallets, Bank Transfer
Regulated by	FCA, CySEC, SCB, FSCA
Customer Service	Phone, Email, Live chat
Disclaimer	74% of retail CFD accounts lose money.