Advantages and disadvantages of the FxPro broker
10 min read
24 July 2021
Zaine Allen
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
A REVIEW OF FxPro
We are the representative of the FxPro broker and our link is valid for FxPro Global Markets LTD.
Advantages and disadvantages of the FxPro broker
10 min read
A REVIEW OF FxPro
We are the representative of the FxPro broker and our link is valid for FxPro Global Markets LTD.
30 Jule 2021
Zaine Allen
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
CFD trading is one of the trading methods in which an individual enters into a contract with a CFD broker instead of directly purchasing the underlying asset. This financial derivative allows a trader to speculate on price fluctuations, taking into account the rapidly growing global financial markets. CFD trading is not prohibited in India but because of insufficient regulation within the country, local investors usually trade via offshore brokers. A lot of brokerage companies accept traders from India. And, here is FxPro review, one of the famous platforms for CFD trading.
About FxPro
The FxPro broker has been working since 2006. This company has several subsidiaries - FxPro UK Limited and FxPro Financial Services Limited, FxPro Global Markets LTD Limited and FxPro Global Markets Limited. All of them provide access to online trading in world markets. The company offers a wide range of financial assets for trading: currency, futures, CFD contracts on stocks, metals, indices. For today, the FxPro capital is €100M.
7
global sponsorships
< 7000
orders executed per second
international awards
85+
<14 ms
Most orders filled in
asset classes
15+
successful years in the industry
6
company capital (actual Tier 1)
€100 MLN
4
trading platforms
The broker handles 7,000 trades per second with average trade speed 11.06ms. Clients have access to 75 currency pairs, almost 30 indices and more than 150 options of stocks from companies, including such giants as Google, Apple, Twitter and others. Leverage is offered to all traders and depends on the type of asset as well as the lot size.The broker's website has a complete list of all assets and leverage available so you can check it in advance.
FxPro is a true NDD intervention broker offering excellent market access for all types of traders.
FxPro is a true NDD intervention broker offering excellent market access for all types of traders.
We are the representative of the FxPro broker and our link is valid for FxPro Global Markets LTD.
Regulation
All branches of FxPro are fully legitimate and operate under the following licenses:
- FxPro UK Limited is authorized and regulated by FCA (Financial Conduct Authority)
- FxPro Financial Services Ltd is authorized and regulated by the CYSEC.
- Financial Sector Conduct Authority (FSCA).
- FxPro Global Markets Limited is authorized and monitored by the Securities Commission of the Bahamas (currently, the regulator does not provide for the presence of such a fund in FxPro Global Markets Limited).
Traders’ funds are completely safe, thanks to the following measures:
- Diversification of fundsThe company's finances are kept separate from investors' money. Actually, it is a mandatory requirement of all European regulators. Thus, clients can be sure that their capital is not being used to achieve any third-party goals.
- Broker FxPro is a member of the FSCS compensation programHence, even if the company is declared bankrupt, clients will still receive the invested funds, as well as the income received (the FSCS compensation scheme applies only to retail customers of FxPro UK Limited).
- Funds are held in leading banks such as Barclays, Bank of AmericaIt guarantees that any manipulation is completely excluded.
Trading conditions
- Year of foundation: 2006;
- Licenses: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), FxPro Global Markets Limited is authorized and monitored by the Securities Commission of the Bahamas (SCB);
- FxPro official website: www.fxpro.com;
- Platforms: MT4, MT5, FxPro cTrader, FxPro Edge;
- Instruments: CFDs on six asset classes;
- Depositing finance: Bank transfer, Visa / Mastercard, e-wallets (WebMoney, etc.);
- Minimum recommended initial deposit: 1000 USD;
- Leverage: up to 1: 200;
- Commissions: None;
- Accounts: Basic and for VIP-users;
- Floating spread: from 0.6;
- Additional benefits: Training, analytics, demo account;
We are the representative of the FxPro broker and our link is valid for FxPro Global Markets LTD.
Registration
You will have to register on the platform to start trading with FxPro.
The procedure is fast and simple:
The procedure is fast and simple:
- Fill out a registration form on the official site of the broker, choosing the FxPro subsidiary you want to work through.
- Enter your personal information – name and residential address.
- During the registration process, you will be offered to answer a few simple questions that will help you evaluate your trading experience.
- The next step is to select the leverage, currency and account type.
- Now you need to verify your identity and you can start trading.
Clients from some other countries are not accepted. If registration from your country is not possible, you will learn about it at the registration stage.
We are the representative of the FxPro broker and our link is valid for FxPro Global Markets LTD.
Accounts
Roughly, the broker offers a free training account and a real trading account to its users. But based on the platform you choose, the trading account can be of four types:
cTrader is a multifunctional terminal for experienced high-volume traders. It provides access to the following tools - currencies, raw materials, indices and metals. A distinctive feature is the minimum spread from 0.3 pips. You can test the cTrader terminal by opening a Fx Pro demo account for free.
cTrader
It is a more modern version of the trading terminal with attractive trading conditions. The following instruments are available: currencies, raw materials, metals, oil, etc. Commissions and spreads are also floating and start from 1 point.
Metatrader account 5 (MT5)
Here you can choose from over 75 currencies, commodities, stocks, major indices and several metals. Orders are processed using Market Execution funds (at the market price at the moment of opening a deal), or instant execution. The maximum leverage is 1: 200. Commissions and spreads are floating, starting from 1 pip. There is a special service - you can open deals by contacting the manager.
Metatrader account 4 (MT4)
FxPro Edge CFD
FxPro Edge CFD is a trading account offering the largest companies' stocks trading. Commissions are very affordable - from $1.2 per lot. You can trade shares, energy resources and indices.
To understand what account is best for you, it is essential to analyze your trading style and strategy.
- An MT4 account with fixed spreads is suitable for traders who open medium-term deals during the day and use pending orders to open positions. With its help, you can predict the size of the spread in advance and calculate the desired profit and risk ratio for setting the Stop loss and Take profit levels.
- Scalpers and news traders will find MT5 accounts with market execution most appropriate.
- Experienced traders should consider FxPro Ctrader with instant order execution and direct trades to the interbank market.
- The FxPro Edge CFD is excellent for investors and stock traders.
Trading Platforms
There are several platforms for trading offered by FxPro:
The FxPro MT4 download platform has an advanced trading infrastructure, affordable pricing policy and excellent order execution. It is the best terminal for smooth and efficient trading. The platform provides everything a trader needs for asset charting, order placement and leadership positions. MT4 is fully customizable and most often used online trading terminal.
Open MT4
Open MT4
It is a powerful web-based platform that allows traders to access global markets without Fx Pro download and necessity to install any software. It is easy to use and fully customizable to suit any trading style. MT5 allows building charts in 21 different time frames and gives you the ability to have up to 100 charts open at a time.
Open MT5
Open MT5
This platform is especially attractive to FxPro clients due to many advantages:
Open cTrade
- More than 50 indicators built directly into the terminal. You can write additional indicators yourself or download indicators written by other traders for free;
- An abundance of graphical analysis tools;
- There are 11 robots available in the Automate tab. There is a clear explanation for each code and operation. Additional advisors can be downloaded for free;
- Trade results are displayed in the Analyze tab;
- You can use Stop and Limit orders and also Stop Limit.
Open cTrade
Here are main features of FxPro trading platforms:
Mobile Application
The broker has developed a mobile application for its clients with a full range of essential functions. Using FxPro download to mobile devices, you can receive the latest market news, manage your wallet, transfer funds and replenish your account. You can do the following straight from your phone:
have round-the-clock communication with technical support;
upload documentation and manage details;
receive notifications about market volatility;
follow the latest news and market events;
quickly perform basic transactions on your account;
open a trading account;
pay for transactions, purchases, services;
make transactions at a high level of protection.
We are the representative of the FxPro broker and our link is valid for FxPro Global Markets LTD.
Deposits and withdrawals
The methods of replenishing accounts and withdrawing funds earned on the platforms will directly depend on the broker's jurisdictions chosen by clients. FxPro minimum deposit is $500. Roughly, all the subsidiaries offer the following payment channels:
bank transfer;
bank cards;
transfer from electronic wallets;
According to Fx Pro reviews, crediting of funds is instant in most cases. And the platform charges no commission for account replenishment. It is worth noting that the money withdrawal should be carried out to the same payment details that were used to replenish the account. The processing of a withdrawal request takes up to 24 hours. The withdrawal fee is not charged either. To withdraw funds, you will first need to make a transfer within your personal account from trading accounts to an internal wallet. Then from the wallet you will forward money to the final destination. The history of all transactions performed can be seen in your personal account.
Education and Analytics
The investor training program is divided into two courses: for beginners and for experienced traders. Thus, training type directly depends on the level of your knowledge.
- A course for beginners includes the basic aspects of trading. In particular, you will learn how the Forex currency market functions. You will study trading instruments offered by the broker and see how you can earn money with their help. Then you can train on the FxPro demo account.
- The training for experienced traders is aimed at studying the characteristics of specific financial assets and exclusive strategies.
The broker helps traders make profitable deals through the following analytical services:
Proper use of these services will contribute to your trading activities.
- Trader's Panel. It is a service with an intuitive interface for online analysis of a specific market or financial asset.
- Technical analysis from Trading Central. It allows traders to receive the most accurate signals for making deals.
- Economic Calendar. It displays the most important upcoming events in the sphere of economics.
- FxPro Tools. It is a mobile application for monitoring financial assets in real-time mode. You can follow economic news and make calculations of take-profit and loss-stop levels.
- cTrader Automate. It is a mobile application for testing various indicators.
Proper use of these services will contribute to your trading activities.
We are the representative of the FxPro broker and our link is valid for FxPro Global Markets LTD.
Customer Support
In case you have come across some questions or technical issues, you can contact the technical support team that works around the clock 5 days a week. Communication with operators is carried out using a convenient online chat, which is located in the lower right corner of the official website. You can also send a written request to the contact email address or request a call back using a special form on the site.
You can also visit the FxPro Help Center. It is designed in the form of answers to frequently asked questions.
Besides, the company runs its own blog, which publishes fresh reviews of all financial assets and markets. It is highly recommended for beginners.
You can also visit the FxPro Help Center. It is designed in the form of answers to frequently asked questions.
Besides, the company runs its own blog, which publishes fresh reviews of all financial assets and markets. It is highly recommended for beginners.
Wrapping Up
- A wide range of trading instruments
- High-quality website and applications
- Licenses from leading regulators
- A lot of training and analytical materials
- No technical support during weekend
- Complicated verification procedure
The FxPro trading platform has been firmly keeping a leading position in the financial market for more than 10 years. It has offices in major countries and beginning traders can benefit from interesting deals with training programs and a free FxPro demo account. As you have read in this Fx Pro review - a wide range of services and offers, a mobile application, several trading terminals and innovative investment methods - all this is available for every trader that is ready to join the platform.
We are the representative of the FxPro broker and our link is valid for FxPro Global Markets LTD.
GENERAL RISK WARNING:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% 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.