FxPro is one of the most well-known online brokers around. FxPro is our best Cryptocurrency CFDs broker for 2021. Established in 2006, and regulated by some of the most prestigious financial regulators (FCA, CySEC, FSCA), as well as flexible account types across MT4 and MT5. Its services cater to clients from over 170 countries.
FxPro maintains client funds in tier 1 accounts at top global banking institutions, featuring security and transparency. FxPro has been honored with over 112 international awards and considers itself the world’s number one CFDs broker, providing exceptional cutting-edge trade execution using level II pricing technology.
Overview of FxPro
FxPro is a leading online broker that offers a wide range of financial instruments and services to clients worldwide. With over 16 years of experience, FxPro has established itself as a trusted and reliable brokerage for traders of all levels.
Headquartered in London, FxPro is regulated by top-tier authorities such as the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
This strong regulatory framework ensures that FxPro adheres to stringent standards of transparency, security, and client protection. Over the years, FxPro has expanded its reach to serve clients in over 170 countries, making it a truly global player in the financial markets.
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History and Background of FxPro Financial Services Limited
In 2006, a Russian businessman opened FxPro, focusing exclusively on Forex trading in London. The company slowly but surely expanded its portfolio to cover CFDs over a wide array of asset types, such as futures, metals, and share trading.
FxPro Global Markets Limited played a crucial role in the company’s expansion and regulatory oversight, being part of the FxPro Group and regulated by authorities such as CySEC and the Securities Commission of The Bahamas. The significant milestone in the history of FxPro was that it increased its international presence by opening offices in Russia, Austria, France, and Spain.
Some of the many accolades won by this broker include, for example, ‘Forex Provider of the Year’ at the 2010 Financial Times Investors Chronicle Investment Awards.
In addition to deals with the McLaren F1 Team and football teams such as Fulham FC & Aston Villa, sponsorships have also been a key visibility factor for FxPro. FxPro has received more than 105 international awards for the excellence of its services. Since 2006, it has served more than 7.8 million customers in 173 countries.
Regulation and Safety
FxPro is a company with a long-standing reputation for safeguarding client funds and maintaining good corporate governance. The following are the notable regulatory agencies under which the broker operates:
| Region | Regulatory Authority | Details |
|---|
| United Kingdom (FCA) | Financial Conduct Authority (FCA) | Oversees FxPro UK Limited, ensuring transparency and fair conduct in operations. |
| European Economic Area | Cyprus Securities and Exchange Commission (CySEC) | FxPro Financial Services Ltd. complies with EU financial regulations, providing secure operations across the EEA. |
| South Africa (FSCA) | Financial Sector Conduct Authority (FSCA) | FxPro Financial Services Limited in South Africa operates under FSCA, ensuring fair market practices. |
| Bahamas (SCB) | Securities Commission of The Bahamas (SCB) | FxPro Global Markets Ltd. is regulated by the SCB, ensuring compliance with financial standards outside the UK, EU, and South Africa. |
FxPro has established strong client protection procedures, including negative balance protection and fund segregation. The level of investor protection provided by FxPro also varies depending on the regulatory jurisdiction.
For example, clients in the UK are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000, while clients in the EEA are covered by the Investor Compensation Fund (ICF) up to €20,000. Additionally, retail investor accounts benefit from these protection measures, ensuring a secure trading environment.
Trading Platforms
FxPro offers multiple top-tier trading platforms to give clients enhanced flexibility. The platforms supported include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, FxPro Edge, FxPro Quant, and WebTrader.
| Platform | Devices Supported | Key Features | Best Suited For |
|---|
| MetaTrader 4 | Windows, Mac OS, iOS, Android, Web | 24 analytical tools, 50+ technical indicators, chart-based execution, one-click trading, VPS support | Novice and professional traders |
| MetaTrader 5 | Windows, Mac OS, iOS, Android, Web | 38 technical indicators, 44 chart types, 21 timeframes, Depth of Market tool, integrated economic calendar | Advanced traders needing more robust tools |
| cTrader | Windows, Mac OS, iOS, Android, Web | 55+ technical indicators, 6 chart types, 28 timeframes, reduced spreads, improved order protection, full DoM | Traders seeking tight spreads and high execution speed |
| FxPro Edge | Web, Mac OS, iOS, Android, Windows | 6 chart types, 15 timeframes, 50+ technical indicators, customizable interface, fast execution time | Customizable trading for all trader levels |
| FxPro Mobile App | iOS, Android | One-click trading, trading from charts, volatility push notifications, account management features | Traders on the go requiring real-time updates |
These platforms provide a range of features and tools, including real-time market data, technical analysis, and risk management tools. Whether you are a novice trader or an experienced professional, FxPro’s trading platforms cater to all trading styles and strategies.
Available for desktop, web, and mobile devices, these platforms ensure that you can trade efficiently and effectively, no matter where you are.
H2 Trading Platforms
FxPro in 2024 offers a variety of trading platforms designed to meet the requirements of different traders:
MetaTrader 4
A complete trading experience is provided by FxPro’s MetaTrader 4 (MT4) on Windows, Mac OS, iOS, Android, and the Web. Its strong features and intuitive UI have made it a favorite among traders since 2005.
In addition to 24 analytical tools, MT4 comes with more than 50 preinstalled technical indicators and choices for chart-based execution and one-click trading.
Users can take advantage of mobile trading via the MT4 app and personalize their trading environment using MetaEditor.
Additionally, the platform interfaces with FxPro VPS to enable seamless EA automation and supports Webtrader for browser-based access. To improve your trading, get MT4 from FxPro for Windows and Mac.
MetaTrader 5
MetaTrader 5 is the advanced version of MetaTrader 4. A powerful trading experience is available on the Web, Mac OS, iOS, Android, and Windows platforms with FxPro’s MetaTrader 5 (MT5).
It has more than 38 technical indicators, 44 different kinds of charts, 21 timeframes, and more sophisticated features like an integrated economic calendar and the Depth of Market tool.
With the help of FxPro VPS, MT5 allows 1-click trading and EA automation. Get MT5 for Windows and Mac to trade thousands of CFD instruments and take advantage of improved features for an even better trading environment.
cTrader
An enhanced trading experience is available on Web, Mac OS, iOS, Android, and Windows through FxPro’s cTrader platform. More than 55 technical indicators, six different kinds of charts, and 28 timeframes are among the key characteristics.
Take advantage of reduced spreads, cheap commissions, improved order protection, and complete depth of market (DoM).
You can use your browser or a mobile device to access cTrader, which offers customized charting and one-click trading. Use cTrader’s cutting-edge trading tools and excellent execution by downloading it for Windows and Mac.
FxPro
The customized online interface, sophisticated widgets, and detachable chart panes of FxPro’s trading platform provide a smooth experience. Features include six different chart types, fifteen timeframes, more than fifty technical indicators, and an execution time of less than 12 ms.
Trade straight from charts and trade with only one click are supported by the platform.
For account management and trading while on the road, FxPro also offers an award-winning mobile app. It provides access to the Forex, Metals, Crypto, Indices, Shares, and Energy markets and is available on the Web, Mac OS, iOS, Android, and Windows platforms.
Mobile Trading
FxPro’s mobile trading app allows clients to trade on-the-go, with access to a range of features and tools. The app is available for both iOS and Android devices and provides a user-friendly interface, one-click trading, and trading from the chart.
This ensures that traders can manage their accounts and execute trades seamlessly, even when they are away from their desktops.
FxPro Mobile App
The FxPro mobile app is a versatile tool that caters to the needs of most traders while on the go. The app features an interactive economic calendar, account management capabilities, and volatility push notifications to keep traders informed of market movements.
With over 10 million downloads, the app is highly popular and trusted by traders worldwide. Available for both iOS and Android devices, the FxPro mobile app ensures that you never miss a trading opportunity, no matter where you are.
Account Type
FxPro offers three main account types under the FxPro account: Standard, Raw+, and Elite.
| Account Type | Minimum Deposit | Leverage | Spreads (Forex) | Spreads (Gold) | Spreads (Bitcoin) | Commission | Additional Features |
|---|---|---|---|---|---|---|---|
| Standard Account | $100 | Up to 1:200 (1:10,000 for professionals) | Starts at 1.2 pips (avg. 1.5 pips) | 25 cents | $30 | None | Suitable for beginners; no commission |
| Raw+ Account | $500 | Same as Standard | Starts at 0 pips | 15 cents | $30 | $3.5 per side | Tighter spreads for lower trading costs |
| Elite Account | $30,000 within 2 months | Same as Raw+ | Same as Raw+ | 15 cents | $30 | $3.5 per side | Includes rebates starting from $1.5 per lot |
| Demo Account | N/A | N/A | N/A | N/A | N/A | None | Virtual funds up to $100,000; risk-free trading |
All accounts are available on MT4/MT5, offer swap-free options for Islamic accounts, and have a 60% margin call with 50% stop out.
The Elite account is ideal for high-volume traders, Raw+ for those who prefer lower spreads with commissions, and Standard for beginners with lower deposits.
Fees and Commissions
Across all of its platforms, FxPro provides low pricing and an open charge structure:
Commissions
When trading on FX pairs and Spot Metals through the FxPro cTrader platform, FxPro imposes a cost of $35 per million USD. This price is charged for both opening and closing positions.
Spreads
FxPro charges spreads beginning at 1.4 pips for EURUSD, 1.6 pips for GBPUSD, and 2.0 pips for AUDUSD, with other pairings varying correspondingly.
Withdrawal
It does not charge withdrawal fees, regardless of the payment type used. However, your bank or credit card company may charge their own fees.
Inactivity Fee
An inactivity or non-trading fee is a service charge imposed by a financial institution when there is no activity on a customer’s account for a specific period of time. FxPro charges a $15 one-time account maintenance cost, which is followed by a $5 monthly fee after six months of inactivity.
Deposit and Withdrawal
FxPro provides flexibility in its range of payment methods, including bank wire, credit/debit card, digital wallet, crypto, and local transfer methods. The deposit and withdrawal methods are available for all account types and can be accessed through the FxPro website or mobile app.
FxPro does not charge any fees or commissions on deposits or withdrawals, but traders may be subject to fees from banks involved in bank transfers. This ensures that traders can manage their funds conveniently and cost-effectively.
FxPro Payment Methods
FxPro offers various payment methods, including bank wire, credit/debit card, digital wallet, crypto, and local transfer methods. These payment methods are available for all account types and can be accessed through the FxPro website or mobile app.
While FxPro does not charge any fees or commissions on deposits or withdrawals, it is important to note that traders may incur fees from banks involved in bank transfers.
This wide range of payment options ensures that traders can choose the method that best suits their needs, providing flexibility and convenience in managing their trading accounts.
Market Instruments
Trades can diversify their portfolios with the variety of trading instruments that FxPro offers:
| Asset Class | Available Instruments |
|---|
| Indices | AUS200, China A50, Euro Stoxx 50, Germany 40 (DAX), and other popular indices from Europe, Asia, and America |
| Futures | Mini-sized Dow, Cocoa, Coffee, Corn, Cotton, and more |
| Metals | Lead, Silver, Copper, Aluminum, Gold, and other spot metals |
| Forex | Over 70 currency pairs including major, minor, and exotic currencies |
| Energy | CFDs on Crude Oil, Brent, and Natural Gas |
| Stocks | Thousands of international stocks via CFDs, offering exposure to top global firms |
| Cryptocurrencies | Bitcoin, Ethereum, Binance Coin, Bitcoin Cash, Cardano, Chainlink, and more available as CFDs |
Trading Conditions
FxPro provides advantageous trading circumstances that are customized to the needs of both new and experienced traders. These conditions support various trading strategies, ensuring that traders can effectively implement and analyze their approaches:
- Execution Speed: FxPro can complete up to 6,000 orders in 1.80 seconds, with the majority of orders being executed in less than 12 milliseconds.
- Slippage: Good trading conditions are ensured by the fact that more than 84% of market orders are carried out at the required price or higher.
- Order Types: You can trade with confidence since over 99% of instant orders are filled without requotes.
Customer Support
FxPro provides strong customer support that is open 24/5. There are several ways to get in touch with us: via phone at +44(0) 203 151 5550, via email at pksupport@fxpro.com, or through live chat for immediate assistance.
The customer service at FxPro is offered in 15 different languages including (English, Japanese, Korean, Chinese, Polish, Vietnamese, French, Russian, Arabic, Portuguese, Spanish, Romanian, Indonesian, Malaysian and Turkish).
Education and Research
FxPro is aware of the importance that research and education are to profitable trading. The broker provides a range of tools to help traders develop their abilities in the financial markets. FxPro offers various educational materials including webinars, videos, articles, and learning courses.
Available videos lectures include topics like “How to Verify Your Profile,” “How to Fund Your Account,” and “How to Start Trading.” You can improve your financial knowledge, make smarter decisions, and learn the basics of trading with the helpful videos available on the official FxPro website.
The articles cover essential trading concepts such as algorithmic trading, bull markets, and ETF trading, providing valuable insights and strategies to enhance trading knowledge. In this way FxPro proposes a broad range of articles to assist its customers.
Furthermore, FxPro also provides free online learning courses featuring fundamental & technical analysis, basics of trading, traders psychology, etc.
Pros and Cons
Pros
- Strong Regulation and Security: Guaranteed security and transparency, overseen by esteemed organizations such as FCA and CySEC. This make sure the broker obeys to strict regulations, providing a secure trading environment.
- Strong Regulation and Security: Guaranteed security and transparency, overseen by esteemed organizations such as FCA and CySEC. This make sure the broker obeys to strict regulations, providing a secure trading environment.
- Wide Range of Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge are just a few of the trading platforms that FxPro provides. This selection allows traders to select the platform that best suits their trading style and preferences. All platform offers a unique set of advanced tools and features to cater to both beginner and experienced traders.
- Diverse Market Instruments: FxPro provides trading in cryptocurrencies, equities, commodities, FX, CFDs, and a wide range of other markets. This variety allows traders to build a varied portfolio and take advantage of opportunities in different markets.
- Competitive Trading Conditions: FxPro offers competitive spreads and leverage options, making it an attractive choice for traders looking to maximize their potential returns. Trades are executed quickly and with little slippage, which improves trading efficiency.
- Excellent Educational Resources: Many resources, such as webinars and tutorials, are available to help traders of various skill levels.
Cons
- Higher Fees for Some Accounts: While FxPro’s spreads are generally competitive, some trading commissions and fees may be greater for specific account types.
- Limited Customer Support Hours: Help is only offered Monday through Friday, not on the weekends. This could also make it challenging for traders in different time zones to contact support during local business hours.
- No Fixed Spreads: Since FxPro does not provide fixed spreads, spreads may increase during times with high volatility. Traders unprepared for these swings could face more trading expenses as a result.
- No Bonuses or Promotions: In contrast to several brokers, FxPro doesn’t employ promotions or bonuses to draw in new customers. Although this shows the broker’s commitment to open pricing and procedures, traders searching for more incentives can view this as a negative.
User Experience and Reviews
According to Trustpilot, FxPro has gained a trust score of 3.4, which is an average score out of 226 reviews.
According to attached reviews Positive comments are given to FxPro for its wide range of trading platforms, diverse teaching materials, education and general trustworthy trading environment.
User reviews for FxPro are mixed; some praise the platform’s variety, educational materials, and overall trading experience, while others mention worries about high costs and withdrawal problems. The website’s help system answers questions and provides answers as well as more details, yet some users have complained about delays and other difficulties.
Who Should Use FxPro?
The easy user interface and accessibility to MT4, MT5 and cTrader platforms makes the brokerage attractive to not only newcomers but also to seasoned traders.
Experienced investors who already have a hold on MT4 and MT5, being widely used trading platforms, might find FxPro a convenient option for trade execution, as they will be familiar with the platform features and operations.
Meanwhile, newcomers that are looking for learning basics of trading or complexities of the financial markets, might also find the broker a useful option. It is because of the comprehensive educational material available on their website.
Ideal User Profiles
The FxPro trading platform is highly suitable for traders who prefer day trading and scalping. It is because the CFD brokerage firm offers very fast trade execution speed with its high power execution engine.
Furthermore, the below-market average spread rate also makes it an attractive platform for traders with the intention to make quick profits through frequent trading.
Additionally, traders looking to earn rebates with their heavy-volume trades are ideal users of the FxPro Trading Platform.
Conclusion
FxPro is well-known forex and CFD broker, it is popular for its extensive selection of market instruments, varied trading platforms, and regulatory dependability. With competitive trading conditions and excellent customer service, it serves both new and seasoned traders. FxPro is still a great option for traders looking for a safe and flexible trading environment, despite some complaints about increasing costs for specific accounts and less support hours.
A wide range of trading techniques and user profiles can benefit from its suitability, which is further enhanced by its emphasis on education and research.
FxPro caters to forex and CFD traders by offering a variety of trading options, including CFDs across multiple asset classes, and is particularly suitable for those experienced with the MetaTrader platform. Traders that value security, a wide range of trading alternatives, and educational materials, regardless of experience level, should strongly consider FxPro.
FAQs Section
Is FxPro regulated?
Yes, FxPro is regulated by several well-established authorities, including the FCA, CySEC, and FSCA.
Which platforms does FxPro provide?
FxPro offers a variety of platforms, including cTrader, FxPro Edge, MT4, and MT5.
Do deposits and withdrawals incur any fees?
Yes, fees vary depending on the payment method used.
What is the minimum deposit requirement at FxPro?
The minimum deposit at FxPro depends on the type of account, but generally starts at $100.
Does FxPro offer educational resources?
Yes, FxPro provides a comprehensive range of educational materials, including webinars, trading guides, and market analysis tools to enhance traders’ knowledge.
Join FxPro Today – Trade with a Global Leader in CFD Trading!
Experience award-winning trading platforms, low spreads, and access to over 250 instruments, including Forex, Cryptocurrencies, Metals, and more. Start with a minimum deposit of just $100 and benefit from top-tier regulation and fund security.