FXPRO

FXPro, established in 2006, is a global online broker providing access to a wide range of financial instruments, including forex, CFDs on indices, metals, energies, shares, cryptocurrencies, and futures. The broker operates under multiple regulatory licenses, including CySEC, FCA, SCB, and FSCA, ensuring a level of oversight and protection for its clients. FXPro caters to various trading preferences by offering multiple platforms, such as MetaTrader 4 and 5, cTrader, and its proprietary FxPro Direct platform, alongside mobile apps for iOS and Android. This allows traders to engage in automated trading, utilize advanced charting tools, and access real-time market news.

FXPro offers a diverse range of account types designed to suit different trading styles and experience levels. While the minimum deposit requirement varies, the broker supports a variety of account base currencies. Trading costs vary depending on the account type, with commission-based accounts available alongside commission-free options. Traders can access leverage up to 1:30 for major currency pairs under European regulations, with higher leverage options available under other jurisdictions. FXPro provides customer support through live chat, phone, email, and a ticket system, supporting multiple languages and maintaining a 24/5 availability during market hours.

FXPro also provides access to various educational resources such as trading guides, ebooks, articles, webinars, and video tutorials, aiming to support traders in improving their knowledge and skills. The broker supports multiple deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets, with processing times varying depending on the method. Overall, FXPro positions itself as a reputable and versatile broker with a strong regulatory framework, catering to a global clientele with diverse trading needs.

Account Types & Requirements

FXPro offers a range of accounts including MT4, MT5, cTrader and Edge accounts. The minimum deposit requirement varies and depends on the region. Account base currencies include EUR, USD, GBP, CHF, AUD, PLN, ZAR, JPY and may vary depending on the registered entity.

Fee Structure Overview

Spreads are variable and depend on market conditions and the account type. EUR/USD spreads can range from 0.6 pips and up. Commission-based accounts (e.g., cTrader) charge commissions around $4.5 USD per $1 million traded (round turn). Commission-free accounts (e.g., MT4, MT5) build the cost into the spread. Overnight swap rates apply to positions held overnight. Withdrawal fees may apply depending on the payment method. Inactivity fees can be incurred. Check with FXPro directly for their current policy.

Order Execution & Liquidity

Not specified

Trading Instruments Catalogue

FXPro offers a wide variety of forex pairs, generally over 70, including majors, minors, and exotics. Other instruments include CFDs on Indices, Metals, Energies, Shares, Cryptocurrencies, and Futures. Major pairs include EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, NZD/USD. Exotic pairs include EUR/TRY, USD/SGD, USD/ZAR, USD/MXN.

Research & Trading Tools

FXPro offers an economic calendar, market news, technical analysis, and trading calculators. Trading signals and copy trading availability are not specified if directly offered, but the availability of MT4/MT5 allows integration with third-party providers.

Educational Resources

FXPro provides training materials, eBooks, articles, webinars, and seminars. Video tutorials are available on platform usage, trading strategies, and market analysis. Demo accounts are available on all platforms.

Customer Support Availability

FXPro offers customer support through live chat, phone, email, and a ticket system. It operates primarily 24/5 during market hours. Supported languages include English, Arabic, Chinese, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Vietnamese.

Funding & Withdrawal Methods

FXPro accepts bank transfers, credit/debit cards (Visa, Mastercard), and e-wallets: PayPal, Skrill, Neteller (availability may vary by region), and local bank transfers (depending on region). Deposits are typically processed quickly, often within a few minutes for e-wallets and credit/debit cards. Bank transfers can take longer (1-3 business days). Withdrawals are usually processed within 1 business day. Minimum withdrawal amounts vary based on the payment method.

Regulatory Trust Scorecard

FXPro is regulated by CySEC (License Number: 078/07), FCA (Registration Number: 509956), SCB (License Number: SIA-F184), and FSCA (License Number: 45052).

User Experience & Mobile App Insights

FxPro WebTrader is a web-based version of MT4 and MT5, accessible from any browser. Mobile apps are available for both iOS and Android for MT4, MT5, and cTrader and are generally regarded as good, with full trading functionality.