FxPro trading platform review - Strong and weak sides in ZA

FxPro-trading
asset classes
international awards
15+
successful years in the industry
85+
6
company capital (actual Tier 1)
€100 MLN
< 14 ms
4
trading platforms
Most orders filled in
7
global sponsorships
< 7000
orders executed per second
Posted on 10 September 2021
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10 min read
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Over the past few years, CFDs have gained immense popularity. CFD-contracts are classified as a financial derivative that allows traders to profit from changes in prices for various financial assets without physically purchasing them. There are a lot of brokerage companies that provide individual investors with access to global markets, including stocks, cryptocurrencies, indices or commodities. Beginners often struggle with which platform to choose. And we have prepared this FxPro review to demonstrate its benefits and trading conditions.

About broker

FxPro is an international broker that has been operating since 2006. It offers CFDs across 6 asset classes: forex, shares, indices, futures, metals and energies. Broker FxPro provides clients with a wide range of markets and trading instruments. It is both a forex and CFD broker, therefore all assets are all represented through this derivative. The company offers many currency pairs, a good selection of stocks and stock indices.
FxPro-office
The FxPro brokerage company has many trading tools that simplify technical and fundamental analysis and a variety of charts. You can work on the MetaTrader 4, MetaTrader 5, Edge and cTrader trading platforms. Traders have the opportunity to trade online - on different operating systems: Windows, Mac, iOS, Android.

It was the first broker to sponsor a Formula 1 team in 2008. Fx Pro was named Best Broker 2015-2017 by the Financial Times. The geography of the FXPro clients is very extensive. The company is represented practically all over the world, from Europe to South Africa. The broker successfully serves individual clients in over 170 countries around the world and has opened 1.8M user accounts.
A little more about FxPro:
Company capital is €100M
The broker works with 12+ liquidity providers
290+ CFDs available for trading
Average trade execution time: less than 11.06 ms
FxPro minimum deposit is $100 (but it is recommended to start with $500)
About 7000 orders are executed every second
There are 4 offices around the world with 200+ employees
85+ awards received in the industry
FxPro Barclays, RBS, Citi Bank
FXPro trading platform and app

Regulation

This FxPro broker review also covers the regulation matters.

FxPro is a brand operated by FxPro Group Ltd, which has various subsidiaries, all of which are regulated:

  • FxPro UK Ltd - authorized and regulated by the UK Financial Conduct Authority (FCA);
  • FxPro Financial Services Ltd - authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Supervisory Authority (FSCA);
  • FxPro Global Markets MENA Ltd - Authorized and regulated by the Dubai Financial Services Authority;
  • FxPro Global Markets Ltd - Authorized and Regulated by the Bahamas Securities Commission.
FxPro-Licenses
Customer funds are kept in large international banks and are completely separated from the company's own funds. It guarantees that customer funds might not be used for any other purpose. The company takes the safety of its clients' funds very seriously.

Trading conditions

The broker offers its clients trading accounts with Instant Execution and Market Execution.
The minimum size of a trade in Forex is 0.01 points.
The maximum trade size is not limited. The maximum leverage depends on the instrument, platform, account type and deposit size and ranges from 1:500 to 1:1.
The average spread on EUR/USD under normal conditions does not exceed 1.5 pips, swap sizes change regularly and, depending on the difference in rates, can be either negative or positiv
The broker supports automatic and high-frequency short-term trading without imposing any restrictions on scalpers.
In addition to Forex CFDs, FxPro offers CFDs on the following instruments:

  • Futures contracts on indices of developed countries: DowJones, DAX, etc.
  • Agricultural commodity futures contracts: wheat, corn, cocoa beans, etc.
  • Oil and natural gas futures contracts.
  • American and European stocks,
  • Precious metals.
NDD order execution technology

Besides an impressive list of trading accounts and platforms, FxPro also developed an award-winning NDD execution model (No Dealing Desk Execution). This technology implies super-fast and transparent order execution.
FXPro trading platform and app

Account types

There are 2 types of accounts for trading:
BASIC

To activate this account type, you need to deposit $ 500. You will get access to leverage up to 1:500, spreads from 0.6, the ability to withdraw money within 3 working days without commissions. And all training programs are available for free, including webinars and a personal manager.
VIP

To get this account status, you need to contact the support services and have at least $ 50,000 on your balance. The privileges of the VIP account include advanced analytics, the help of the company's experts, personal bonuses, instant money withdrawals, compensation for all transaction costs and a dedicated VIP chat. Besides, a free dedicated virtual server is available to VIP clients.
There are also some account nuances, depending on the trading platform:

FxPro demo account

FxPro demo accaunt
The broker allows newcomers to open demo accounts on the MetaTrader4, MetaTrader5 and cTrader platforms. The maximum leverage for such accounts is 1: 500, and the maximum deposit is limited to 500,000 units in any of the currencies available for opening a trading account. There are no restrictions for the activities on FxPro demo. And the process of its opening takes only several minutes. The training account copies the real one in everything - with the exception of the possibility of withdrawing the earned money.

Trading Platform

The broker offers several platforms for trading.
MetaTrader 4 (MT4)
MetaTrader4 is perhaps the most popular choice for most traders. This platform is best suited for forex traders. And FxPro is primarily a forex broker. FxPro MT4 download is useful for fast, efficient and hassle-free trading. It offers a variety of charts and timeframes, as well as a wide range of technical indicators. You can even customize the interface to make the trading experiences more intuitive.

Open MT4
MetaTrader 5 (MT5 platforms)
MT5 is a more advanced version of MT4 and is designed for a wider audience. In 2015 and 2016, the broker even received a reward for this terminal - "Best MT5 Broker."

MT5 accounts are a more powerful terminal – it offers more time frames and more indicators, allowing you to use up to 100 harts at the same time.

Open MT5
cTrader
It is another platform that aims to provide the best service to traders. This platform is best suited for finding the most relevant supply and demand prices. You will also see how your orders will be executed.

Open CTrader
FxPro Edge
It is FxPro proprietary trading platform. This terminal is an excellent choice for those who want to conveniently manage their funds and trade a full range of trading CFDs from a single application. It includes both mobile and desktop versions.

FxPro Edge

FxPro Mobile Trading

FxPro mobile app
You can experience a new format of trading with app Fx Pro download on iOS and Android devices. This approach provides certain freedom to a trader and allows him to follow the market practically without stops. All FxPro platforms will be in your pocket. You can trade anywhere you go and anytime that you want. Furthermore, FxPro offers streaming market news via the app, with all events that can influence the market. It is a great advantage to follow the volatility of the markets on the move in real time.

Additional FxPro Services

There are some unique services you can find on the platform:
FxPro Quant Strategy Generator
The broker offers a service for creating your own tactics using various indicators, mathematical functions and logical operators, which allows experienced traders to create trading strategies from scratch even with no knowledge of the programming language. You can do it on MT4 and cTrader platforms.
CAlgo Algorithmic Trading Application
For users of the cTrader platform, the company offers the ability to coordinate technical indicators and algorithms to develop algorithmic trading strategies and custom indicators. In addition, you can create your own robots and test their work on historical data.

Open CAlgo
FxPro Invest Program
Comparing to other brokers, FxPro also offers a CFD investment program on a special SuperTrader platform. Thus, a trader can form his own portfolio by simply copying contracts and distributing investments in the strategies of different managers. This service assists you in making money without making individual trades. On the SuperTrader platform, you can choose any strategy using various tools for its assessment, as well as apply several strategies at once to diversify risks. The minimum deposit for using the service is $2000.

Open Invest Program
VPS server
It is a dedicated access to a server that remotely installs and runs trading robots. Thanks to this opportunity, market participants trade around the clock, 5 days a week. The delay is maximally reduced, and traders can even turn off their computer - trading will not stop. A monthly subscription to the VPS service will cost of you as $30, and it is free for VIP account holders.

Open VPS server

Deposits and withdrawals

For all financial transactions, you must first open the FxPro Wallet in your account. Funds will be credited to it, which can be then distributed across several trading accounts.

The wallet can be replenished from the personal account. The following payment methods are also available:
FxPro Webmoney
Webmoney
FxPro bank transfer
bank transfer
FxPro PayPal
PayPal
FxPro Visa and Mastercard
Visa and Mastercard
FxPro Neteller
Neteller
FxPro other payment systems
other payment systems
Finances are deposited into the account instantly. Withdrawal requests are processed within 3 business days (less for individual systems and VIP-users). There are no commissions, however banks or payment services may charge their own fees for services. For ordinary users, such losses are not compensated.

Education and Analytics

FxPro has created the Trading Academy for those who are new in trading. You will find a lot of educational materials here - video tutorials on using the terminal, features articles, a glossary, forex tutorials, a trader's calculator and answers to frequently asked questions.

On the site, you will find not only trading courses, but also tests for self-control. You will have to provide correct answers to the proposed questions and get the opportunity to FxPro download a pdf file with useful information on trading. This can be a basic checklist for opening the first trade, an electronic trader's diary, or valuable advice from our experts.
The company also offers its clients additional services to make trading more efficient:
analytics from Trading Central, a reputable technical analysis service provider;
access to Autochartist, a powerful analytics tool capable of evaluating probabilities and filtering trading signals.
In addition, the FxPro trading platform has a calendar of economic news and a schedule of corporate reports. There are also about a dozen useful calculators on the site to help the trader.
FXPro trading platform and app

Customer services

As the user reviews show, the broker provides clients with excellent technical customer support available in 25+ languages. There are several ways to get in touch with a technical specialist:
Call back
Request a call back on the site
Live chat
Ask for help via live chat feature
Email
Send an email to support@fxpro.com
Telephone
Use hotline +44(0) 203 151 5550
On the official site, you will also find physical addresses and phone numbers of FxPro offices in the UK, Cyprus, Monaco and Bahamas.
According to FxPro reviews, it will take 30 minutes to receive an answer to queries sent through the feedback form and 60 minutes when contacting technical support by email.
Once you have some query, it is recommended to visit the broker help center first. The section contains information on the most frequently asked questions. You can download a PDF guide on trading as well as watch questions answered in videos.

Key Takeaways

Pros
  • Licenses from several regulators and high protection of customer funds
  • Several convenient terminals - MT4, MT5, cTrader, FxPro edge.
  • Free and unlimited demo account
  • Instant order execution
  • No commissions for transactions
Cons
  • High minimum deposit
  • Not enough educational materials
FxPro broker
As we witnessed during this review process, FxPro belongs to those CFD and forex brokers that traders can easily trust. It is regulated and renowned all over the world. Traders receive protection from top-tier regulators, so it is completely safe to trade on this platform. As you have seen in this FxPro review, the company offers market access to all traders, regardless of their level of knowledge and experience. The broker's clients carry out trading activities in a comfortable environment and with the competent support of professionals.

GENERAL RISK WARNING:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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