FxPro Review

MIN. DEPOSIT $100
Up to 500:1
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Summary of site here. Great site! Look for more reviews soon.

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Details

BrokerFxPro
Website URLhttp://www.fxpro.co.uk/
Founded2006
HeadquartersLondon, united Kingdom
Support Number+44 (0) 203 151 5550 (International); 08000 463 050 (local, toll free)
Support Emailinfo@fxpro.co.uk
Support TypesPhone, Live Chat, E-mail, Call Back
LanguagesEnglish, Russian, Spanish, French, German, Polish, Italian, Hungarian, Portuguese, Indonesian, Malay, Vietnamese, Arabic, Hindi, Urdu, Chinese, Japanese, Korean, Thai, Czech
Minimum 1st Deposit$100
Minimum Trade Amount0.01 lots
Maximum Trade Amount10,000 lots
BonusNo
PayoutUp to 500:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA); CySEC
Account TypesFxPro MetaTrader 4, FxPro MetaTrader 5, FxPro cTrader, FxPro SuperTrader
Deposit MethodsBank Transfer, Visa, MasterCard, PayPal, Skrill, Neteller, WebMoney, China UnionPay
Withdrawal MethodsBank Transfer, Visa, MasterCard, PayPal, Skrill, Neteller, WebMoney, China UnionPay
Types of AssetsForex, Futures, Indices, Shares, Metals, Energies
Account CurrencyUSD, EUR, GBP, CHF, JPY, AUD, PLN
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Pros

  • Great design
  • easy trading

Cons

  • Poor services
  • bad support

Full Review

Company Information

FxPro is, without any doubt, one of the largest UK online brokers with an amazing reputation in the world of financial services. The company was founded in 2006 in Cyprus and just a year after that, it launches its online platform. The owner of this enterprise is Denis Sukhotin, who initially named his firm EuroOrient Securities & Financial Services Ltd., but, later on, decided to shorten it into something more memorable. FxPro grew rapidly and by 2010 the broker had numerous representative offices in Spain, France, Russia, and Austria. It was given an official license by the UK’s Financial Conduct Authority in this same year and opened an office in London, which later became the headquarter. In 2012, FxPro completely transformed its internal structure and started to follow the NDD (no dealing desk) model aka agency model. In other words, the newly adopted system passes all the trades directly to the liquidity providers.

 

FxPro mainly operates with CFD (contracts for difference) on Forex, shares, futures and precious metals. The main audience of this online broker consists of retail clients and nowadays there are nearly 200 employees working for this financial giant. The company is a very active sponsor of various sports events and forums. Some of the most famous ones are BMW Sauber F1 in 2009, shirt sponsorship of Aston Villa and Fulham in 2010, official partner of AS Monaco FC Club and AFC Champions League in 2011 and many others. On top of this, FxPro has won some of the most prestigious rewards in the industry, such as Best Forex Trading Platform for 2013, Best FX Broker and Best FX Service Provider for 2014.

 

Trading Information

The online broker offers a wide range of opportunities for dedicated traders. Every registered user can trade stocks, currencies, indices, commodities, and CFDs. The spreads on most instruments are quite attractive even for the most delicate professional traders. The leverage can go up to 1:500 and the good thing is that customers have the option to adjust their leverage according to their risk management and even reach a value of 1:1. Forex spreads are floating and surely competitive. For example, EUR/USD can be a trader from 0.8 pips without any additional commissions or fees. Traders are allowed to use EAs (Expert Advisors) in their strategy as well as many other helping tools, some of them exclusively provided by FxPro. The betting options on almost every trading category are countless, and most customers will be well satisfied with the long selection of choices.

 

Trading Platforms

When it comes to trading platforms, FxPro offers a wide range of choices for almost every specific need. They offer a total of four different forex platforms for all registered traders to choose from – MetaTrader 4 and 5, cTrader and SuperTrader are available for both demo and trading accounts. FxPro supports MT4 and MT5 as well as cTrader for mobile. Android and iOS users can easily download their desired app and start trading from their mobile device right away.

 

One of the special platforms is surely the FxPro Super Trader, which is a fully automated investment software. The products allow you to copy the best strategies of leading traders and monitor the finest performances on a daily basis. It’s all web-based and easily accessible.

 

Security and Customer Services

As a large and reputable financial institution, FxPro has numerous security advantages over the tons of competitors in the niche. The broker is perfectly regulated by some different authorities. The UK branch of the company is strictly regulated by FCA, and the other divisions are overseen by CySEC. Every client investment is insured and protected against a negative balance. Also, the online broker uses an advanced segregated system of accounting, which means that FxPro uses a large number of global banks to deposit the funds.

 

The customer service is exemplary. FxPro’s representatives are available 24/5 to assist every client in 17 different languages and around various time zones. Also, the financial giant has many offices around the globe to support their clients locally. All kinds of contact methods are supported including live chat, several phone lines, and email. There is a large database of FAQs that can further help the clients.

 

Deposits and Withdraws

There are quite an extended range of deposit and withdrawal methods supported by FxPro. The most famous e-wallets are available as well as credit/debit cards and bank transfers. Almost all the options are instant, except bank transfers, and you don’t have to wait long to jump straight to the trading. You can easily review all the transaction choices in the table as well as all the currencies that the broker accepts. Some fees apply to bank transfers, most credit/debit cards and some of the e-wallet options (PayPal, Skrill, and Moneta). The percentages range from 1% to 4%, so make sure to choose your desired payment method carefully.

 

Deposit Bonus and Loyalty Programs

Unfortunately for those who love promotions and various bonus systems, FxPro does not offer any kinds of freebies. The broker counts on its tight spreads and perfectly handled trading platforms to attract new customers and convert them into loyal clients. In fact, there is something for the dedicated traders who choose FxPro. The online broker offers a special type of account, VIP account, for the serious financial players. It has  numerous benefits, such as free VPS, margin alerts, various news updates and analysis from professional traders and most importantly – no deposit fees.

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