FxPro

Company Information

FXPro is a leading Forex and spreads betting broker. Moreover, for those interested in cryptocurrencies like Bitcoin, the broker is one of the few brokers that also offer cryptocurrency CFDs. This broker has been offering its services since 2006 and very successful. Besides, it has expanded greatly and is steal increasing, as it already has over 1.3 million customers. The headquarters is located in London. They have established the highest standards of safety for their clients’ funds. For this reason, client funds are kept in major international banks and are fully segregated from the company’s own funds. Additionally, FXPro offers over 285 different instruments to trade, including over 75 currency pairs.

Markets

FxPro offers CFDs on six types of assets: forex, shares, spot indices, futures, spot metals and spot energies. So any customer may choose what to trade, as they offer rather wide range of services. Simply put, you can trade assets you got used to trade or you can always try something new.

Trading accounts

As it is expected from a renowned broker, clients can choose between the variety of account types. As they tried to satisfy all the needs of their clients. Anyway, you can choose among the following account types.

• Demo account

is a very good variant for the beginners to start trading without a risk of losing real money. The FXPro demo account duration period is unlimited, so you test as long as you want. The demo account typically expires after 30-days, but you can open multiple demo accounts if you wish to do so.

• MT4 account

is a trading without a commission fee account. This also gives the good opportunity to trade with one of the best platform. If you are looking for an FxPro hedging account, this is also a great choice. Spreads are low and can be fixed.

• MT5 account

is an account using MetaTrader 5 platform, which is the better versions of the MetaTrader 4 platform. It provides many of the same excellent features as MT4 and the FxPro MT5 account also provides for a commission-free trading environment. This and competitive spreads make it another excellent choice for those in search of one of the most trusted and reliable trading platforms in the business.

• cTrader account

is an account type using cTrader platform, which is rather popular platform as well. The FxPro cTrader spread is also something which can be greatly appealing to all traders. This starts from a highly-competitive 0 pips.

• Edge account

is an account at the new platform, developed by the broker itself. It is supported by the broker. FxPro Edge spread betting is the main purpose of this trading platform.

• VIP account

an account type with extra conditions. In order to open this account your trading volume of frequency has to exceed a certain amount. However, once you have done, with a VIP account you get some extra opportunities, like improved leverage and spreads as well as access to dedicated support and account managers.

• Joint account

an account type for more than one person, which allows you to cooperate with partners or create an account for a company.

• Islamic account

is Islamic account meeting your needs provided you are following shariah law. The FxPro swap free account will ensure you are in compliance with everything you need to have a proper Islamic account.

Open an account

Taking into account the fact that FXPro is regulated by the Financial Conduct Authority, you have to pass the verification process, which may cost you 10-15 minutes of your time. Make sure you have near a scanned copy of your passport, driving license, or a national ID, as well as a utility bill or bank statement from the past three months showing your address. You will have to answer a few basic questions to find out about the trading experience. Remember, before your personality is confirmed, which may take up to several days, you cannot start trading.

Minimum deposit

The minimum deposit with FXPro is 100$. It should be mentioned, that the broker itself recommends starting with 1000$ on its official website. To do so or not to so, you should decide for yourself. Although, the beginners may start with a smaller amount, and a more confident trader may make a higher deposit.

Trading Platforms

FXPro has several platforms at your service. The broker offers five different platforms, so you have a great choice of services. Simply put, you can choose among the following platforms:

• MetaTrader 4
• MetaTrader 5
• cTrader
• FXPro Trading Platform
• FXPro Edge

MetaTrader 4 is the most popular forex trading platform in the world. MT4 also supports robots and scalping and is very easy in use. MetaTrader 5 gives you more advanced tools. Basically, it is an updated version of the MT4. The main perk of using this platform is that it supports stock and share CFD trading. FXPro is one of a handful of brokers that offer the cTrader platform developed for traders looking for a STP/ECN solution. You can read more about the difference between MetaTrader 4, MetaTrader 5 and cTrader platforms here.

The FxPro Platform is a great option for those who wish easy manage their funds and trade the full range of CFD asset classes directly from the FxPro app, without having to install any other applications. FxPro Edge gives you the flexibility of Spread Betting while also taking advantage of some of the tightest spreads across all of our platforms. FxPro Edge offers hundreds of instruments across six asset classes, tax-free.

Our verdict

FXPro is one of the few brokers that offer both of the MetaTrader platforms, and even some extra as well so that customers will find the right platform for sure. As you can see, FXPro’s minimum spread for trading EUR/USD is 1.4 pips – which is relatively high compared to the average EUR/USD spread of 0.70 pips. Besides, FXPro supports a wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Romanian, Turkish, Czech, Slovak, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese. As with most brokers, the features do vary depending on the trader, accounts, and instruments. The final word of what to choose and with whom to trade is always yours.