- FxPro Group Limited is the holding company of FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets MENA Limited and FxPro Global Markets Limited;
- Location: FxPro Headquarters 13/14 Basinghall Street, City of London, EC2V 5BQ
- Available to non-U.S./Iran/Canada customers only;
- A track record of over 5.000 trades per second and 99.9% of their orders executed within 50 milliseconds;
- Products: Forex, Futures, Indices, Shares, Metals, Energies
FxPro Review - Is FxPro a fraud or the last legitimate trading fortress?
A leader in the forex industry ever since 2006, FxPro strives to take the lead by all means. Visitors get over 20 languages to choose from, as the company boasts an expanded volume turnover and a pretty select client base. Completely regulated and authorized by the Cyprus Securities and Exchange Commission, FxPro has won several awards that count as proof for their professionalism in the trading industry. Let’s name some: Best FX Broker, Best FX Service Provider, Best Trading Platform, Best FX Tools, Best FX Service, and more.
Well, we’ll mention full transparency and best business practices, followed by compliance with MiFiD and regulatory bodies in the UK and Cyprus. All in all, they serve clients from as far as 150 countries, providing an extensive range of trading options and striving to find new ways to use innovative technology.
Safety of Funds
The firm uses segregated funds and operates in Tier-1 accounts, collaborating with main global banks. They are an active member of the Investor Compensation Fund, and big names such as Barclays Bank PLC, Julius Baer, and Royal Bank of Scotland are among their collaborators. Credit risk is closely monitored, and the local legal framework ensures/requires client fund segregation. All clients benefit from Negative Balance Protection, so it looks like your funds are quite safe, should you choose to start trading with them.
Account and deposit types
You get to choose between MT4 account types with either Instant or Market Execution, and you can also enjoy a Fixed Spread option. Among the types of provided accounts we name MT5, cTrader and Supertrader. A big plus is the fact that they offer the possibility to start a Free Demo Account, and a small minus would be their non-acceptance of US clients, for those of you who feature the States as country of residence.
Among the main trading advantages they have over the competition, we name the following:
- Tight spreads, high liquidity, Instant Execution with no slippage and Market Execution with no re-quotes
- Usage of automated Expert Advisors and permitted scalping strategies
- 0 dealer intervention
- featured materials ranging from intuitive webinars, tutorials and videos to market chats and strategy tips for traders of all levels
The plus side with FxPro is that you get to choose: aside from the highly popular MT4, they also include MT5, FxPro Markets and cTrader. You get on-the-go support for every digital device, as all of these platforms can either be downloaded or used online. Some of their best features include in-depth market information, negative balance protection, instant market execution and tick chart trading.
Well, we must say that for an elite transactional provider, the initial registration took quite a long time. According to the platform of your choice, steps might vary, so there is a chance you create a demo-live account unintentionally. Research is a bit hidden away in the site, and in some cases we needed to separately login to the desktop vs. web-based version. Aside from minor hassle, advantages outweigh the minuses by far.
FxPro’s pricing is pretty competitive, at least the commission-based one. Every account comes with multiple execution modes, and no matter how you access their services, you get a large selection of platforms to choose from. Beginner or advanced, this might just be your best trading option.
Aside from featuring competitive spreads, they also offer unique trading features: their clients get the option to keep a certain amount of money in a sort of “safe”, and use it for future trades. They also get to access technical analysis charts and the latest Forex news, alongside with pip calculators, margin calculators and currency converters.
Their educational center is top-notch, featuring a complete video library that is bound to enhance your overall trading performance. Videos load in an instant, and the content is aimed at guidelines on how to use their platform as well as other tips and tricks from the trading biz.
With a track record of over 5.000 trades per second and 99.9% of their orders executed within 50 milliseconds, we’d say FxPro has lived up to its reputation. Aside from the industry awards, client testimonials stand as proof of their desire to continually educate their designated audience and help them take regain control over their finances. Most traders will find these services satisfactory, if not above average, so feel free to give them a try.