FX Pro Review

5.0

★★★★★

Trust and Safety: 5.0

Commission and Fees: 4.6

Research and Education: 4.4

Account Types: 4.6

Unique Features: 4.7

Account Opening: 4.8

Tradable Instruments: 4.6

Trading Platforms: 4.7

Customer Support: 4.5

Elevating Your Trading Experience

Founded in 2006, FxPro is a global forex and CFD broker with a longer history than many competing platforms in the industry, and a great degree of trust to go along with it. The broker’s standout reputation in the market has pushed the company past several milestones, including attaining the 2 million-client mark (in 170+ countries), 635,000,000 orders executed, and a prestigious sponsorship with the McLaren F1 team.

Pros and Cons

Pros

Four Account Types
2,100+ Tradable Assets
Regulated by Reputable Regulatory Authorities
Advanced Trading Tools Available

Cons

$100 Minimum Deposit
Limited Educational Resources Available

Trust and Safety

Upholding Security and Integrity

When choosing a broker, trust and safety are paramount considerations. In this section, we delve into FxPro’s commitment to trustworthiness, regulatory compliance, fraud prevention, and the security of client funds.

Fraud Prevention:

FxPro implements robust measures to prevent fraud and unauthorized access. By employing advanced encryption technology and rigorous identity verification processes, the broker ensures that clients’ personal information and funds are safeguarded from malicious activities.

Client Fund Security:

The security of client funds is a top priority at FxPro. The broker utilizes segregated accounts, which means that traders’ funds are kept separate from the broker’s operational funds. This practice minimizes the risk of commingling and misappropriation, enhancing the safety of clients’ investments.

Commission and Fees

Flexible and Transparent

FxPro is committed to transparent pricing, with competitive fees that reflect the value it provides to traders. Here’s an overview of the commission and fees associated with trading on the platform:

Account Minimum

The broker requires a minimum initial deposit, which varies based on the account type chosen.

Trading Fees

FxPro offers competitive spreads on various instruments, contributing to cost-effective trading.

CFD Fees

As a CFD broker, FxPro charges fees based on the spreads and overnight funding rates.

Forex Fees

Forex trading fees are primarily based on spreads, with varying rates across currency pairs.

Unique Features

Empowering Traders

FxPro offers a variety of unique features and tools aimed at improving traders’ decision-making processes and providing insights into market trends and trading practices. These features include push notifications, which keep traders updated in real-time about market events and news affecting their trading decisions. The platform also provides trend exploration tools like technical indicators, chart patterns, and trend lines to assist traders in identifying and analyzing market trends, enabling more informed entry and exit decisions. Moreover, FxPro offers instrument-specific insights, which offer a deeper understanding of factors influencing the price movements of different assets. Additionally, traders can access comparative analysis of user trading behaviors to gauge market sentiment and make more informed decisions. These unique features enhance the overall trading experience, although further advanced tools could potentially lead to an even higher rating for the platform.

FAQs

Question: Is FxPro a regulated broker?

Answer: Yes, FxPro is regulated by FSCA.

Question: Does FxPro offer a demo account?

Answer: Yes, FxPro provides a demo account for practice.

Question: What is FxPro’s customer support availability?

Answer: FxPro offers customer support through live chat, email, and phone during standard and extended hours.

Question: Are there educational resources available on FxPro’s platform?

Answer: Yes, FxPro offers a learning center with articles, videos, webinars, and expert-led seminars.