FX Pro Review

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Overview

FxPro was a project of a team of veterans in financial services, which was established in 2006. Fxpro is part of Financial Services Ltd, whis is regulated by the Cyprus Securities and Exchange Commission under the license number 078/07. FxPro UK Limited, FxPro Financial Services Ltd’s affiliated company

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Details

Broker FX Pro
Website URL www.fxpro.com
Founded 2006
Headquarters Cyprus
Support Number CY Tel: +357 25 969 200; UK Tel: 44(0)207 776 9720
Support Types CY Email: info@fxpro.com, UK Email: info@fxpro.co.uk, AU Email: info@fxpro.com.au
Languages Polish, French, Spanish, Italian, Portuguese, Hungarian, English, Chinese, Japanese, Korean, Arabic, German, Vietnamese, Russian, Indonesian
Trading Platform FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium
Minimum 1st Deposit $500
Minimum Trade Amount 0.01 lots
Leverage 1:100
Spread Metatrader: Variable, from 0.8 pip, cTrader: Variable, from 0.1 pips + $3 per lot commission
Free Demo Account Yes
Regulated Yes
Regulation FSA, ASIC, CySEC, MiFID
Account Types FxPro Account Info minimum deposit: $500 minimum lot size: 10k max leverage: 500:1 , FxPro cTrader ECN Account Info minimum deposit: $1000 minimum lot size: 40k max leverage: 100:1
Deposit Methods Credit/Debit Card, Bank Wire, PayPal, Neteller, Moneybookers
Withdrawal Methods Credit/Debit Card, Bank Wire, PayPal, Neteller, Moneybookers
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.3

Screenshots

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FXPro Background and History

As with a lot of other industries, size, experience and knowledge of the field are a must. As it so happens, FXPro.com covers all three. Ever since 2006, the company has been a leader on the forex market and has managed to distance itself even further from all of its competitors since then. The greeting page of the company speaks enough for its class and level of service by first requesting the given user to choose from a list of 19 different languages before granting him access to its many services. FXPro ranks among the best of the best in the forex broker world with its large global footprint, wide customer base and high volume turnover. It falls under the authorization and respective regulation of the Cyprus Securities and Exchange Commission (license no. 078/07).

Every single aspect of the company serves as a testament to its undisputed leading place on the market. Having acquired over 20 prestigious awards over the course of the last decade for areas such as Best FX Service Provider, Best FX Broker, Best FX Tools, Best Trading Platform, Best FX service and many more, the company is definitely no stranger when it comes to recognition. The firm has clients spreading over more than 150 different countries. Regulatory bodies in the UK as well as in Cyprus provide oversight, while the company also fully complies with MiFiD. There is a complete level of transparency and only the best business practices are used. FXPro gives its users a wide array of trading options to choose from and is on a constant search quest for more advanced ways of employing the latest that technology has to offer in order to boost its customers’ trading experience.

FXPro comes along with a 150-men staff dedicated to serving and complying with your personal interests. The firm is quite active in local communities, providing sponsorship to a large number of high level teams such as Fulham FC and a bunch of other sporting ventures all over the world. As stated by John Hughman, an Investors Chronicle editor, “FXPro has managed to surpass its competition by a wide margin and has presented traders with tools and platforms designed to aid retail and institutional investors in their trading activities. Reader feedback displayed that investors truly believe that the company is willing to make that extra step in order to protect its customers and supply them with products and services that truly aim to make them a profit.”

It is an unfortunate fact, but U.S. customers are not accepted by the firm at the moment.

Safety

All of the customer’s personal funds are subjected to a process of segregation from the company’s operating capital in Tier-1 type accounts with major global banks. All personal data and trading information is encrypted via the use of the latest in the field of 128-bit SSL technology.

Types Of Accounts And Deposits

You can opt in to use a free Demo account or a standard trading account but there are also VIP accounts that are sufficient for the needs of a pro trader or fund manager.

Beginner Support

FXPro has full commitment towards providing the highest quality of services when it comes to all of its aspects but especially customer support. Due to the company’s longevity on the market and its presence on the global scene, it has a number of offices all around the world that are there to support all the needs you may potentially have in different time zones and a vast array of languages. Each company representative has gone through extensive training for handling various issues and will be there to answer your questions and help you 24/7.

Advantages Of Trading With FXPro

Spot Forex is the main product offered by the firm, but CFDs are also presented to clients regarding spot gold, spot silver and for futures for various other commodities and popular stock indices. The firm follows the STP/ECN agency model and has no other dealer intervention. It provides tight spreads, no slippage, high liquidity and no-requotes. It offers Metatrader4 platforms and other proprietary versions. It permits using automated Expert Advisors and scalping strategies. All trading platforms can accommodate a number of environments and all have mobile trading options. You can have an account in USD, GBP, EUR, CHF, AUD, PLN and JPY. All of the clients’ deposits are subjected to a segregation process in Tier-1 type accounts within major banks and are further covered by the local Investor Compensation Scene (for a maximum amount of EUR 20,000) . Negative Balance Protection prevents margin calls and higher losses from occurring. You can easily deposit or withdrawal funds via payment cards, wire bank transfers, or other forms of local payment. You will be provided with daily market commentaries regarding the market, network sharing and technical analysis support in order to make sure you take the best of decisions. The customer service department is at your disposal 24/7 and covers more than 17 languages. The FXPro Academy features educational materials starting from trader-designed webinars and videos to strategy tips and tutorials for all types of traders.

Trading Platform

FXPro presents you the option of choosing an operating environment corresponding to your personal preference. Along with the widely known Metatrader4 set-ups, the company also offers a number of proprietary platforms that provide you with a higher level of flexibility. You can also use various mobile applications for operating the platform.

Conclusion

An experienced management team consisting of financial experts is responsible for creating the FXPro back in 2006 and the company has broadened its horizons by a fair share since then. It currently processes more than 5,000 trades per second, and 99.9% of the total amount of orders are carried out within a time frame of 50 milliseconds. It has acquired multiple prestigious awards for its expertise and leadership regarding the binary option market and is a strict follower of the best industry practices. The company’s mission is to educate people about the various aspects of the market, and empower them to take control of their finances by providing them with a fair and transparent service. FXPro has long reached the top level of the industry and if you desire to work alongside the best it is the best choice for your needs.

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