Hello Wootfi.com Visitors Today We Covered Fxpro Review. Please Read Our All review to know more about Fxpro Broker .
About Fxpro
FxPro offers Contracts for Difference (CFDs) on 6 asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals and Spot Energy. Thyey provide the clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention.
FxPro UK Limited is authorised and regulated by the FCA since 2010. FxPro Financial Services Limited is authorised and regulated by the CySEC since 2007 and by the FSCA since 2015. FxPro Global Markets Limited is authorised and regulated by the SCB.
FxPro at a glance
| Account currency | USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
| Minimum deposit | 100$ |
| Trading Fees | Low |
| Founded Year | 2006 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | No proprietary app currently available |
| Customer Support | Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa. |
| Leverage | SCB 1:200, Pro Clients 1:500 |
| Official Website | Click Here To Visit |
How To Create Account At FxPro
Fxpro offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
FxPro Fees
FxPro, like many other brokers, does not charge commissions on most deals. Similar to most online brokers, FxPro charges trading fees for certain types of assets. They also charge non-trading fees. Typically, the trading fee structure varies and is determined by the type of product, trade size, among others.
Trading Fees
Spot Metals, FX pairs on cTrader for instance are some of the commodities where clients are charged with a standard commission. FxPro also charges a trading fee of $45 for every million USD traded. If the clients’ accounts have any other currency, an equivalent fee of $45 for that currency applies. Clients incur commission charges whenever they open or close trade positions.
Deposit & Withdrawal
If you hate losing a substantial chunk of your funds through hidden transfer fees, don’t worry, FxPro has $0 transfer fees for depositing and withdrawing funds. What’s more, there are six transfer methods available, namely, Credit Card, Bank wire transfer, PayPal, Skrill, UnionPay or Neteller.
Another handy feature is that you can make a deposit using different currencies, namely, USD, KWD, EUR, AED, RMB, and SAR. That means you won’t be charged for the conversion as long as you use one of these six currencies.
The only case when you’ll be charged is if you want to withdraw money from an account that hasn’t made any trades whatsoever. In this case, you will incur a fee of up to 2.6% if you are using Skrill, and as little as 2.0% if you’re using Neteller.
The minimum initial deposit at FxPro is $100 but it is recommended to new users to start with $500 or more so they can enjoy the full array of trading features on the platform.
One of the fees you should watch out for is the inactivity fee. Accounts that have not made any trades in the past 3 months will be charged a $15 dormant account fee, followed by a monthly $5 fee as long as the account remains inactive.
FxPro Trading Platforms
MetaTrader Suit
MT4 and MT5 platforms together make for the FxPro Metatrader suite. Creating a user account with FxPro provides access to both MT4 and MT5 where both have varied features.
MetaTrader 4 or MT4 Platform
Traders can use the FxPro MetaTrader 4 trading platform on both Windows and Mac desktops and via a web browser. FxPro’s MT4 provides traders access to trade charts where one can view up to nine timeframes.
MetaTrader 5 or MT5 Platform
Similar to MetaTrader 4, MT5 is available via web browser for both Windows and Mac. However, unlike the former, MT5 enables clients to access over 21 timeframes and multiple order types. FxPro’s MT5 also allows traders to simultaneously open up to 100 chart types. Thus, clients can have access to information on multiple markets at any given time.
Is FxPro Regulated?
FxPro Group Limited is the holding company of all FxPro operations. Needless to say, the regulation and licensing of the trading platform vary according to the traders’ jurisdiction. For instance, FxPro Global Markets Ltd operates under SCB regulation. FxPro Financial Services Ltd is regulated by Cyprus Securities and Exchange Commission (CySec) and Financial Sector Conduct Authority (FSCA).
For UK forex brokers traders, FxPro operates in compliance with the Financial Conduct Authority (FCA) regulation. FxPro Canada is regulated by the IIROC (Investment Industry Regulatory Organization of Canada.) Thus, many FxPro broker reviews deem it as a highly regulated and safe trading platform.
High Grade Features Which Offer By FxPro
Browse the full range of platforms
At FxPro we understand that different clients have different needs. Therefore, we offer a wide selection of trusted, award-winning platforms and account types to choose from.
Trade with the world’s #1 FX broker!
With 15+ years of excellence and innovation, they provide high-quality access to financial markets, through advanced execution model. Discover the world of online trading with CFDs on thousands of instruments in 6 asset classes.
Trade Like A Pro!
Trade CFDs on a wide range of instruments, including popular FX pairs, Futures, Indices, Metals, Energy and Shares and experience the global markets at your fingertips.
Ease of use
FxPro Direct is FxPro’s proprietary mobile app, which supports trading for users that have a CFD account, but is mainly optimized for account management. It features charts, but with no drawing tools and virtually no indicators (other than volume data). The FxPro Edge platform is only available for mobile as a browser-based experience – it can’t be installed as a standalone app. While FxPro Edge provided a smooth user experience, the option to download the platform for Android and iOS would be a welcome addition.
FxPro Customer Support
While researching for this FxPro review, we discovered that the platform offers 24/5 customer support, including phone support. They also have email and live chat options. The client can also request a callback.
As per most of the FxPro reviews, they have an above-average customer service in comparison to other brokers. England residents even have access to a toll-free number, while other country residents can use the following number for phone support in English: +44 (0) 203 151 5550. For customer support via email, FxPro broker service account holders can write to [email protected]. Readers are advised to note that FxPro offers customer service in over 20 languages.
