FxPro Review

In this personal review, you will find information about FxPro spreads, FxPro account types, FxPro regulation and more. Regulated by FCA,CySEC and SCB, FxPro is headquarted in London and one of the most prominent forex brokers in the industry.  In addition to standard MetaTrader 4, FxPro is offering MetaTrader 5, cTrader and its own trading platform called Markets. This is the biggest edge of FxPro over other forex brokers; the variety of trading platforms. They are investing a lot for company awareness and image. Those of you who follow English Premiere League must have realized that FxPro is front shirt sponsor for one of the teams in the league.

Is FxPro Reliable?

FxPro is a UK based forex broker and regulated by FCA which the financial watchdog in the UK. I shall mention that FCA is one of the most serious and strict regulators known worldwide.

In addition to FCA, the Company is under the regulation of Cyprus CySEC, the United Arab Emirates DFSA and the Bahamas SCB. In Europe, after leverage has been reduced to 30: 1, FxPro seems to have acquired DFSA and SCB licenses as a workaround solution in order to be able to offer higher leverage. Therefore, FxPro is actually supervised by four different regulators in total which makes FxPro a highly reliable forex broker.

Another important point with respect to the reliability is that FxPro keeps investor deposits in segregated bank accounts. In this way, in case of bankruptcy of the forex institution, the investors can claim his money back through these segregated accounts.

FxPro Account Types

FxPro offers its customers three different account types; MT4, FxPro MT5 and FxPro cTrader. The spread for EURUSD on the MT4 account type could go down be as low as 0.6 pips. Spreads on MT5 account type are higher compated to MT4 where average spread for EURUSD is 1.4 pips. Expert Advisors are allowed for both MT4 and MT5 account types. On cTrader account type, the spread for EURUSD could drop to 0.0 pips. However, a commission of $ 4.5 is charged for every 1.0 lot order on cTrader accounts. All there account types offered by FxPro are STP account types. Therefore, the company does not have a dealing desk (NDD) and does not profit from the loss of customer trades. FxPro places mark-up premium on spread and sends customer orders directly to the market.

FxPro Customer Support

Arabic, Chinese, English, French, German, Hungarian, Romanian, Turkish, Czech, Slovak, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish and Vietnamese are among the languages that FxPro offers customer support in. The broker’s website has educational materials, both webinars and written resources, in order to improve investor’s trade performance and make more successful transactions. Opening a new trading account at FxPro is very straightforward and you can start trading in a very short time after submitting online registration form.

FxPro Trading Platforms

The trading platforms offered by FxPro to clients are MetaTrader 4, MetaTrader 5 and cTrader. In addition to the opportunity to download and trade through these platforms on your computer, you can also trade in the forex market through these platforms on web browser and mobile devices.

FxPro Withdrawal and Deposit Methods

Traders who open an account at FxPro can withdraw and deposit funds by seven different ways. These methods include credit card, international bank transfer (SWIFT), PayPal, Skrill, Neteller and China UnionPay. In addition to these methods, FxPro offers the possibility of transferring funds from / to another broker. So you can transfer money directly from FxPro to other forex brokers that offer this B2B transfer option.

FxPro – How to Open Account

FxPro offers an online easy and swift registration form for opening an account. By clicking on this link you can directly access the registration form and start the registration process.

At the time of registration, you are given the option to choose the regulator that is going to oversee your account. You can select SCB for high leverage. We would like to remind you that the leverage in CySEC and FCA accounts is 30: 1. In the first step of the registration form, you enter your current e-mail address in Enter Your Email section, the password you want in the Create Password section, your name in the Name box, your name in the Last Name box, select your country in the Country of Residence list and then click on Next Step.

In the second step, enter your full address in the Residential Address section. This address must be the same as the one on the invoice that you would use to verify your forex account following registration. At Personal Details section, you should choose your birth date from the Date of Birth box, type your phone number in the Phone box and select your nationality in the Nationality list. Click on the Next Step button.

In the third step, there are questions about whether you are qualified to trade in forex market. After selecting the appropriate answers to the questions, you can move to the last step by pressing the Next Step button. In the last step, you can select the account type from the Account Type list, the desired percentage of leverage from the Leverage list, the currency of your forex account from the Account Currency Base list, and the currency of your FxPro cash account from the FxPro Vault Currency list. If you select Yes in the Verify your profile now section, you will now need to upload a valid ID / passport / driver’s license and a valid utility bill for proof of address for account verification. If you select No, you can do verification later.

After selecting your preferred language in the Preferred Language list, you have to click the checkboxes under the Confirmation section. Then click the Complete button to complete the account opening process. Now, you should be directed to the client panel. If you have not verified your account at the time of registration, you will be able to confirm your account by uploading copy of your ID / passport / driving license and a valid utility bill through this client panel.

Now, you are all set in order to download the trading platform, fund your account and start trading in the forex market.

FxPro Final Word

All in all, FxPro is a well-established, reliable and trader friendly forex broker. The Boker offers something for traders with different trading style and experience. Managed by a team of expert financial professionals, FxPro has won various awards for its services and leadership in the forex industry since its foundation in 2006. Fxpro is highly recommended forex broker for investors who are willing to trade in forex market.