Since 2006, the brokerage firm FxPro provides trading services in the foreign exchange market. During this time, the company managed to form a positive image and reputation. The main features of cooperation with this broker are favorable trading conditions and all kinds of bonuses.
The first thing that distinguishes this company from its competitors is its tremendous experience. FxPro provides the ability to trade CFDs. Financial assets are classified into currency pairs, company stocks, stock indices, futures, metals, and energy.
Clients get direct access to the most famous liquidity providers directly, without any DC intervention. We will now analyze the terms of cooperation with a broker and determine the main advantages and disadvantages.
About the FXPRO Broker
FxPro has been providing services since 2006, and a year later, the first license was obtained from the CySec Commission. Three more years later, the company was successfully licensed by the British auditor FCA. In 2015, another certificate of quality and reliability was received, this time from the FSB regulator.
During its work, FxPro has won more than 40 different awards. The broker is famous for the courageous introduction of innovative products into trading, which positively affects trading effectiveness. The organization successfully works with retail and institutional clients. Regional offices were opened in Cyprus and Great Britain.
Types of trading accounts
On the official website of FxPro, each potential client can familiarize himself with the conditions for opening a trading account.
- MT4 – leverage 1: 500 – 1: 1, spread from 1.2 to 1.4.
- MT5 – leverage 1: 500 – 1: 1, spread 1.4.
- cTrader – leverage 1: 500 – 1: 1, spread 0.3.
- Markets – leverage 1: 500 – 1: 1, spread 1.2.
The FxPro broker’s account classification system is somewhat different. The conditions are determined depending on which platform the client chooses. The minimum deposit is $500. The investor also chooses the currency. The following options are available: US dollar, euro, yen, pound, Australian dollar, Swiss franc, zloty.
For beginners who want to practice, we strongly recommend opening a demo account. For this, you need to register on the site and establish a balance.
You can also open a Premium account, which has the following advantages:
- There are no commissions for depositing and withdrawing funds.
- Qualified help from a personal manager.
- Free virtual server
- Additional subscription to analytical reviews.
- Favorable conditions for attending seminars and conferences.
Client funds protection
Investors’ capital is completely safe. This can be entirely linked to the following measures:
- Diversification of funds. The company’s finances are kept separate from investors’ money; by the way, this is a mandatory requirement of European regulators. This way, clients can be sure that their capital is not used to achieve any third-party goals.
- Broker FxPro is a member of the FSCS compensation program. Therefore, even if the company is declared bankrupt, clients will still receive the invested funds and income.
- Funds are held in leading banks such as Barclays, Bank America. This suggests that any manipulation is wholly excluded.
The specificity of order execution
Like other brokers, FxPro guarantees 100% transparency. However, in this particular case, we are talking about real actions, not empty words.
Client orders are executed anonymously, and DC does not interfere in this process. This rule is fixed as an integral part of the order execution policy. Statistics show that more than 7000 trades are executed within 1 second; that is, most of the transactions are completed in less than 42 ms.
Slippage is the leading problem trader’s face. However, the broker in question managed to reduce delays to a minimum; the proposed statistical calculation confirms this.
Small volumes of trades made by clients (regardless of direction) allow FxPro to carry out orders within the company directly. This technology helps to minimize financial risks, while DC does not affect the execution procedure.
Customer support and service
If the client has any questions, it is necessary to contact those. The support works around the clock, five days a week. Communication with operators is carried out using a convenient online chat located in the official website’s lower right corner. You can also send a written request to the contact email address or request a call back using a unique form.
Customer support managers work quickly on customer problems, so the investor will most likely receive an answer to his question in less than a minute.
The company also maintains its blog, which publishes new reviews on all financial assets and markets. Naturally, this is a handy tool, especially for traders who have not yet mastered fundamental analysis basics.
The investor training program is divided into two courses: for beginners and experienced traders. Thus, the choice of the specifics of training directly depends on the level of your knowledge.
Most of the beginner’s course consists of the fundamental aspects of trading. In particular, the mechanism of functioning of the Forex currency market is being studied. The trading instruments offered by the broker are examined in detail. It is demonstrated how you can earn money with their help. Then practice on a demo account begins.
As for training for experienced traders, for the most part, it is aimed at studying the features of specific financial assets. Exclusive strategies are explored.
Also, the broker’s clients will be able to use the following trading instruments:
- Calculator – allows you to make essential calculations in real-time, for example, determine the level of Stop-Loss, Take-Profit.
- Trader’s Panel is a service with an intuitive interface for online analysis of a specific market or financial asset.
- Technical analysis from Trading Central – the investor receives the most accurate signals for making transactions, simplifying trading.
- Economic Calendar – the most important upcoming events in the field of economics and politics are published here.
Fxpro Deposit and withdrawal of funds
The broker offers traditional methods of depositing and withdrawing funds:
- Bank transfer.
- Credit or debit card.
- Internet banking.
- Electronic payment systems.
The company does not charge commissions if the investor uses electronic payment systems, plastic cards, or is a client of Promsvyazbank.
Withdrawal requests are made in your FxPro account. The duration of the transfer directly depends on which method the investor preferred. On average, funds are credited to the account balance within 10 minutes and withdrawn within one business day.
After carefully analyzing the trading conditions and reviews about FxPro, we can conclude that this is a truly professional broker with many years of experience. Therefore, cooperation with such a company will be the right decision for both beginners and experienced traders.
Separately, it is worth noting the maximum security since the company has licenses from three auditors with an international name at once.
|📛 Broker Name :||FxPro|
|🏢 Company Name :||FxPro Financial Services Limited|
|📅 Foundation Year :||2006|
|📈 Regulated by :||CySEC, FCA|
|🏢 Headquarters :||United Kingdom|
|📉 Broker Type :||NDD|
|💱 Base Currency :||AUD, EURO, GBP, JPY, PLN, CHF, USD|
|🏢 US Traders :|
|💰 Min. Deposit :||$100|
|💰 Max. Leverage :||1:500|
|💰 Minimum Spreads :|
|📒 Demo Account :|
|📒 Mini Account :|
|📒 Standard Account :|
|📒 VIP Account :|
|📒 Premium Account :|
|📒 Segregated Account :|
|📒 Managed Account :|
|📒 Pamm Account :|
|📒 Affiliate Account :|
|💰 Deposit Methods :||Boleto, China UnionPay, Credit Card, FasaPay, Moneta, Neteller, PayPal, QIWI, Skrill, Union Pay, Webmoney, Western Union, Wire Transfer|
|💰 Withdrawal Methods :||China UnionPay, Credit Card, FasaPay, Moneta, Neteller, PayPal, QIWI, Skrill, Union Pay, Webmoney, Western Union, Wire Transfer|
|💰 Trading Platforms :||cTrader, MetaTrader 4, MetaTrader 5|
|💰 Fixed Spreads :|
|📈 Commission on Trades :|
|📈 Hedging :|
|📈 Scalping :|
|📈 Automatic Trading :|
|📈 Mobile Trading :|
|📈 Web Trading :|
|🚥 Signals :|
|📪 VPS Services :|
|📧 Email Alert :|
|📰 Trading News :|
|📊 Forex/Currencies :|
|📊 Commodities :|
|📊 CFDs :|
|📊 Indices :|
|📊 ETFs :|
|📊 Stocks :|
|📊 Crypto Currency :|
|🎁 No Deposit Bonus :|
|🎁 Deposit Bonus :|
|🏆 Contest :|
|🎁 Other's Promotion :|
Get Latest FxPro Promotion
|🔥 24-Hours Support :|
|🔥 Support During Weekends :|
|🌐 Web Form :|
|💬 Live Chat :|
|🤙 Call-Back :|
|✔️ Support Language :||Arabic, Chinese, Czech, English, French, German, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese|
|🌐 Website :||http://www.fxpro.co.uk|
|📧 E-mail :||[email protected]|
|📞 Telephone :||+44(0)203 151 5550|
|🖷 Fax :||+44(0)2076007063|
|📋 Address :||United Kingdom 13/14 Basinghall Street, City of London, EC2V 5BQ|