FxPro

Company information

fxpro website

Company name
FxPro
Website
fxpro.com
Company Headquarters
London, UK
Commissions
N/A
Account Minimum
$100

FxPro

Ratings :
4.3/5
FxPro was founded in 2006 bagging an experience of 15 years trading which led them to be among the best global trading platforms. They have built a reputable status for themselves in a highly competitive brokerage industry with their broad range of clients belonging from over 170 countries across the globe. FxPro is a NDD (non-dealing desk) broker offering majority of assets for trading including CFDs and Spread Betting on FX, futures, spot indices, shares, spot metals, spot energies and cryptocurrencies.

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Trustworthy

FxPro is well reputed and ranked among top brokerage companies. They are acknowledged with more than 85 international awards by the year 2020 such as Best FX provider 2021, Most trusted broker (Global) 2021 and Best Broker (UK) 2021. City Index works under a few legal entities and laws around the world; which of these will serve you relies upon the country you preside in. The investment protection account sum you're qualified for relies upon the country from where you are trading and investing from.

This company is secure in terms of regulations which includes;

  • FxPro UK Limited, authorized and regulated by the Financial Conduct Authority (registration no. 509956).
  • FxPro Financial Services Ltd, authorized and regulated by the Cyprus Securities and Exchange Commission (license no. 078/07) and authorized by the Financial Sector Conduct Authority (‘FSCA’) (authorization no. 45052).
  • FxPro Global Markets Ltd, authorized and regulated by the SCB (license no. SIA-F184).

In addition to all that, their clients from the UK and the EEA are protected under the Financial Services Compensation Scheme (FSCS) and Investors Compensation scheme respectively.

Expense & Charges

According to the experts their FxPro is a trustworthy broker for professional traders but is not widely known for its pricing as compared to others in the industry. However they are the best choice when it comes to its ability to execute large orders, which can be placed with no minimum distance away from the current market price. The minimum deposit for all three trading platforms is $100 and the MT4 account comes with fixed spreads if desired while the cTrader offers the lowest spreads.
FxPro offers an average spread of 1.51 (August 2020) for EUR/USD pair on standard accounts. FxPro offers its most competitive spreads on its cTrader platform, which uses commission-based pricing. FxPro's effective spread to trade EUR/USD is roughly 1.27 pips, based on 0.37 average spread + 0.9 pip commission equivalent on cTrader, using August 2020 data. Moreover, they also offer active traders discounts.

Trading Platform

FxPro offers 4 trading platforms MetaTrader, cTrader and its own proprietary FxPro Edge web platform, to their clients from which they can choose based on their needs, trading style and preferences.
Both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available for web and desktop with additional features for MT4 which is the suite of trading tools from Trading Central. Moreover, their cTrader platform is the most advanced one being very fast and convenient, offers spreads from 0 pips with full market execution, no restrictions to stop/limit levels and in-depth market information.
FxPro Edge is a light customizable web-based platform that has robust charts and a responsive design. It has a very good foundation for being a new platform available for all demo users with benefits such as limited risk account at no additional cost, no commission, tight spreads, tax-free (tax laws are subject to change and depend on individual circumstances).

Learning Material

Educational offerings of FxPro have good foundations with written materials and educational videos available on the website. They offer well designed interactive courses for beginners and advanced level learners. Their educational section is divided into sections such as Basics, Fundamental Analysis, Technical Analysis, Trading test, video tutorials, webinars and events.
An interesting thing they did for their written material is featuring mini cards which explain topics in under six sentences making it brief and short. Moreover, you can track your educational progress to keep updated about what you have completed and what not.
FxPro provides good quality written articles along with daily market updates, analysis on the blog and content from third-party providers. They also have different types of video content through their YouTube channel such as tutorials, webinars, promotional videos.

Customer Support

FxPro checks all the contact methods offering the best live chat option along with options to request a call back. Customers can contact them through phone and emails with the choice to even drop by at their located offices if possible. They offer multilingual customer care to reach a wider audience. A great thing about their customer care is that their FAQs section covers majorities of the questions but they do have a qualified assistance team for additional support.

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