Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.14% 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.

Pros
  • Excellent account opening process
  • Free withdrawals and deposits
  • Great customer service
  • Support multiple languages
Cons
  • Charge inactivity fee
  • High trading fees for few stock CFDs

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FxPro established a position of global forex broker through its remarkable success over the years. It was founded in 2006, and now it serves more than 170 countries. The broker offers CFDs for six separate asset classes, has Tier 1 capital of over €100 million, and gives traders lightning-fast execution times of under 11.06 milliseconds, while trades are executed at just under 7,000 per second.

Regulation:

FxPro is licensed and regulated by multiple regulatory authorities or jurisdictions. Below are the regulators that are associated with FxPro. 

Financial conduct authority ( FCA):

FxPro UK Limited is regulated by FCA under the reg. No 509956.

Cyprus securities and exchange commission (CySEC):

FxPro financial services ltd is regulated and authorized by CySEC under license no 078/07. It has an investment firm in Cyprus.

Financial sector conduct authority (FSCA):

FxPro financial services ltd is regulated and authorized by South African FSCA under authorization number 45052. 

Securities commission of Bahamas (SCB):

FxPro global markets ltd is regulated and authorized by SCN under license no. SIA-F184. 

Available financial instruments:

Following financial instruments are offered by FxPro:

Currency pairs (forex):

You can get access to more than 70 currency pairs and the lowest spreads of 0.2 pips by trading with FxPro. Leverage of 1:30 is offered for European and UK clients, and for international clients, available leverage is 1:200.

Commodities:

Commodities available for trading at FxPro include Brent crude oil, West Texas crude oil, and natural gas. You can get leverage of 1:10, and international clients can get leverage of 1:100 by trading commodities.  

Precious metals:

You can trade over gold, silver, and platinum with FxPro. For silver and gold, you can get leverage up to 1:200, while up to 1:50 for platinum. 

For European and UK clients, the highest leverage is 1:20 for gold and 1:10 for the rest. 

Indices:

FxPro gives access to nearly 20 major stock markets that include few high liquids of the world. You can trade at a leverage of 1:20 and 1:50 for international clients. The broker provides diversity in selecting indices to access the United States, Spain, the EU, Australia, China, Germany, France, the United Kingdom, Swiss, Netherlands, Norway, Hong Kong, Japan, and more.

Stocks:

Due to its global market access, you can get plenty of opportunities in trading stocks and shares. 

International clients can trade in more than 100 listed companies from the UK, French, Germany, and US stock markets. You can get leverage of up to 1:25.

Cryptocurrencies:

You can trade over different cryptocurrencies such as ETH, XRP, LTC, BCH, and BTC. You can trade with a leverage of 1:2 for cryptos and 1:20 for international clients. 

Trading platforms:

The exceptional benefit of trading with FxPro is the ability to trade in various platforms and account types. FxPro offers trading in professional and famous platforms as well as customized platforms designed according to your needs. Trading platforms at FxPro are :

FxPro EDGE:

FxPro provides an opportunity for spread betting for all the FxPro UK customers who live in the UK through the betting platform: FxPro EDGE. It is a wholly customizable platform that allows its clients to trade over a hundred instruments across the six asset classes.

FxPro EDGE allows you to trade directly from the ticker, the chart, or let you create your desired trade setups. It also has price alerts, over 50 technical indicators, and much more. 

MetaTrader 4

It is a renowned industry-based platform that professional brokers use for its recognizability and reliability. In addition, it is the best platform for new traders due to its user-friendly UI. It is usually slower than the cTrader but has all the essential features you can wish for as a new trader. 

MetaTrader 5:

It is the latest version of Metatrader with upgraded features and erased inconvenient bugs while keeping the simple design.  

MT5 has an advanced set of technical indicators divided into five categories that also include the “custom” category. The custom category allows this platform to be easy to use for technical analysis. MT5 also provides expert advisors and powerful trading scripts for traders who like auto-trading. 

Hedging is not possible with MT5, which means if you offset an order, it will be canceled. Apart from the drawback, MT5 is a feature-rich, fast version of its predecessors while having the same UI style that makes it a convenient platform. 

cTrader

It is a fast, widely spread platform with more tools than Meta traders. It is preferred by professional traders who can make use of complex ultra features.

cTrader can be customized to be used by ECN brokers such as FxPro. It has an intuitive, simple design that makes it easier to use than other platforms. It also offers auto-trading for tech-savvy investors who want to make their trading algorithm.  

Mobile Platforms

The mobile platform of FxPro is somehow similar to the desktop version. The Mobile version of MT4 and MT5 almost feels the same as the desktop version giving a clean and user-friendly experience to traders. 

Moreover, the mobile platform of cTrader performs the same as the web-based platform in usability and design. That makes it versatile and easy to use for all types of traders. 

FxPro Trading

FxPro video explanation on how trade

ACCOUNT TYPES

There are three main types of accounts that FxPro offers: FxPro MT4, FxPro (EDGE), and cTrader. In total, FxPro has five account types that share similar features such as no dealing desk, minimum trade size, and stop out at 50%. Besides similarities, there are some differences also. Features and tools of account types are as follows:

 MT4 Instant:

CFD instrument:

Forex, Metals, Futures, Shares, Indices, Energies

Platform available:

  • Metatrader 4 desktop 
  • MT4 mobile app for Android/ iOS
  • MT4 Webtrader 

Trading costs:

  • All instruments: Spread only (no commission) 
  • Fixed spread for MT4 applies to seven major pairs
  • Rollover/swaps are used if you keep the trade open overnight 

FxPro MT4

CFD instrument:

Forex, Metals, Futures, Shares, Indices, Energies

Platform available:

  • Metatrader 4 desktop
  • MT4 mobile app for Android/iOS
  •  MT4 Webtrader  

Trading costs:

  • All instruments: Spread only (no commission) 
  • Rollovers/Swaps are applied if you keep the trade open overnight

FxPro MT5

CFD instrument:

Forex, Metals, Futures, Indices, Energies

Platform available:

  • Metatrader 5 desktop 
  • MT5 mobile app for Android/ iOS
  • MT5 Webtrader

Trading costs:

  • All instruments: Spread only (no commission) 
  • rollovers/Swaps are applied if you keep the open trade overnight 

cTrader

CFD instruments:

Forex, Energies, Metals, Indices

Platform available:

  • Desktop app
  • cTrader mobile app for Android/iOS
  • A cTrader web trader

Trading costs:

  • Metals and FX: Reduced Spread with $45 for each $1 million traded (upon closing and opening a position). 
  • Energies and indices: Spread only (no commission) 
  • Rollovers/Swaps are applied if you keep the trade open overnight 

FxPro (EDGE)

CFD instrument:

Forex, Metals, Futures, Shares, Indices, Energies

Platform available:

  • FxPro EDGE web
  • FxPro mobile app for Android/ iOS 
  • MT4 platform ranges

Trading costs:

  • All instruments: Spread only (no commission) 
  • Rollovers/Swaps are applied if trade remains open overnight

Opening an account:

The account opening process at FxPro is fully digital, straightforward, and fast. You can fill the online application form within 10 minutes. Your account will be verified within two hours. 

In addition, you need to follow the given steps to open an account at FxPro:

  1. Fill in your full name, email address, and country of residence.
  2. Add your date of birth, nationality, residential address, and phone number.
  3. Enter your employment information
  4. Give some financial information (net worth, annual income, reason for account opening, and source of wealth)
  5. Choose your desired trading platform, base currency, preferred language for emails, and default leverage. 
  6. Tell your financial knowledge and trading experience.
  7. Verify your residency and identity. Upload a copy of your driving license, national ID, or passport to verify your identity. Provide bank statements or utility bills (issued within six months) to confirm your residency. 
fxpro

Account base currencies

You can select from 8 base currencies at FxPro, such as CHF, PLN, AUD, USD, EUR, GBP, JPY, and ZAR.

Fees

Fees and spreads depend on the account type you select and the market from where you trade. 

MT4 instant account fees:

It is a commission-free account but has fixed spreads for seven significant pairs.

MT4 account fees:

This account has variable spreads but commission-free.

cTrader fees:

It has reduced spreads for metals and FX and charges $45 for every $1million traded (upon closing and opening a position). No commission is taken on trading energies, and indices just spread.

FxPro EDGE fees:

This account is also commission-free but available only for UK customers. It has variable spreads and is best for spread betting.

Islamic account:

This account is designed for investors who want to trade according to sharia law. It is swap-free, which means it doesn’t take rollover interest on overnight positions.

Withdrawal and deposit fees:

FxPro minimum deposit:

$100 is the minimum deposit amount at FxPro. However, the recommended amount as an initial amount is $1000. 

Bonus and promotions:

FxPro doesn’t offer any deposit bonus. However, if you become a VIP account holder, you can enjoy 30% off on your fees. You need to have $50k to qualify.

Payment methods:

FxPro offers fast and free deposits and withdrawals through different channels, including debit/credit card, bank transfer, and electronic wallets. 

Besides debit/credit cards and bank transfer, many electronic wallet options are also accepted for depositing money, such as: 

  • Skrill
  • Paypal
  • Union pay 
  • American express
  • Neteller
  • Maestro

Final thoughts:

FxPro has gained phenomenal growth in the past decade due to its excellent trading conditions. It offers a transparent pricing approach and expanding asset base in six classes.

Either you are a new trader or an experienced trader, FxPro caters itself to provide outstanding trading experience to its users. Charges are applied for VPS hosting; that is the only unfortunate fact about this broker. Fees or commissions are low, which gives overall success to the broker. 

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DISCLAIMER The information contained on this website is provided for informational purposes only and is not intended to substitute for professional financial, legal or tax advice. You should consult a professional before acting on any information you find here. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. Any references to third party products, rates, or websites are subject to change without notice. Please do the appropriate research before participating in any third party offers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage © Copyright 2021 Cryptostec