Is FxPro A Good Broker? Review & Experiences 2024.
Broker Type
CFD Broker
Founded
2002
Website
Headquarter
London
Employees
780
Email Address
support@fxpro.com
Total Assets
3000
Forex
80
Indices
30
Commodities
25
Crypto
25
Stocks
2200
Tradingview
Not available
MetaTrader 4
Yes
MetaTrader 5
Yes
Own Platform
Yes
cTrader
Yes
Mobile App
Yes
Apple Pay
Yes
PayPal
Yes
Credit Card
Yes
Crypto
Not available
Bank Transfer
Yes
Others
More Info Below
Africa
FSCA
Asia
❌ Not Available
Europe
FCA, CySEC
North America
SCB
South America
❌ Not Available
Australia
❌ Not Available
Quick & Easy: How To Open a FxPro Account
Founded in 2006, FxPro serves traders in over 170 countries. It offers CFDs on forex, stocks, indices, commodities, and cryptocurrencies. With multiple trading platforms and account options, it caters to a diverse range of traders.
Trading Platforms
FxPro provides several platforms to suit different needs:
- MetaTrader 4 (MT4) and MetaTrader 5 (MT5): Feature-rich platforms with advanced charting and automation tools.
- cTrader: Offers depth-of-market data and advanced order types.
- FxPro Edge: A user-friendly proprietary platform for straightforward trading.
Platforms are available on desktop, web, and mobile, giving traders flexibility.
Account Types
FxPro offers accounts tailored to various trading styles:
- MT4/MT5 Accounts: Variable or fixed spreads with options for instant or market execution.
- cTrader Accounts: Lower spreads with commission per trade, suitable for active traders.
- Spread Betting: Available for UK and Ireland clients.
The minimum deposit is $100, making it accessible for most traders.
Fees and Commissions
Fees vary by account type:
- Spreads: MT4/MT5 accounts average around 1.5 pips on EUR/USD. cTrader offers spreads starting from 0.3 pips, with commissions added.
- Non-Trading Fees: Inactivity fees apply after six months of no account activity.
While transparent, the overall costs may feel high compared to other brokers.
Leverage
Leverage depends on the client type:
- Retail: Up to 1:30 on major forex pairs.
- Professional: Up to 1:500, available for eligible traders.
Leverage offers flexibility but requires careful risk management.
Market Coverage
FxPro provides CFDs on:
- Forex: Over 70 pairs, including majors and exotics.
- Shares: Global equities from multiple regions.
- Indices: Major global indices like the S&P 500 and DAX 40.
- Commodities: Metals, energy, and agricultural products.
- Cryptocurrencies: Popular coins like Bitcoin and Ethereum.
The range is competitive but not exhaustive.
Customer Support
FxPro offers 24/5 support via live chat, email, and phone. While response times are generally good, the lack of weekend availability could be a drawback.
Educational Resources
FxPro provides basic materials, including articles, tutorials, and occasional webinars. These are helpful for beginners, though advanced traders might find them limited.
Pros and Cons
Pros
- Multiple Trading Platforms: FxPro offers a variety of platforms, including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Edge, catering to diverse trading preferences.
- Accessible Minimum Deposit: A minimum deposit of $100 makes FxPro accessible to a wide range of traders.
- Diverse Range of Instruments: Provides access to over 2,100 financial instruments, including CFDs on forex, commodities, stocks, indices, and cryptocurrencies, allowing for diversified trading opportunities.
- Regulated by Reputable Authorities: FxPro is regulated by multiple authorities, including the UK’s FCA and CySEC, ensuring a secure trading environment.
Cons
- Higher Trading Fees: Trading fees can be higher than some competitors, particularly for stock CFDs.
- Inactivity Fees: An inactivity fee of $15 is charged after three months of no trading, followed by $5 per subsequent month of inactivity.
- Limited Customer Support Hours: Customer support is not available on weekends, which may be inconvenient for some traders.
- Basic Educational Resources: The educational offering is not as extensive or detailed as that provided by similar companies.
Final Thoughts
FxPro is a well-rounded broker with strong platform offerings and a decent selection of markets. Its accessibility and flexibility make it a good choice for beginners and intermediate traders. However, higher fees and limited educational materials may not appeal to all.
If platform variety and a secure trading environment are priorities, FxPro is worth considering. Compare it with other brokers to find the best fit for your needs.
Start Your Trading Journey with FxPro
Open a Real Money Account
Sign up with FxPro and start trading with as little as $. Trade in real markets and take advantage of opportunities.
Open a Real AccountOR
Practice with a Demo Account
Not ready to trade with real money? Start practicing with FxPro’s demo account. Risk-free and no obligations.
Open a Demo AccountTotal Assets Compared To Other Brokers
User Feedback About FxPro
Read User Comments About FxPro
Read through the user reviews and feedback on FxPro to get insights from real users.
Read User FeedbackPROFESSIONAL
FxPro does what it says on the tin. Fast, reliable, and built for traders who know what they’re doing. No fluff, just a solid platform that gets the job done. Simple as that.
Your Opinion Matters!
Do you have 2 minutes? Help other traders to make better informed decisions and share your experiences with FxPro.
