FXPro Review 2020

FXPro Rated 4/5

FXPro Guide

FXPro are an online broker founded in 2006 offering Forex trading trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading.

FXPro are a global broker and have multiple offices around the world including a head office in UK.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of FXPro we break down the pros and cons. What FXPro are able to offer, what countries FXPro are available in. Who FXPro are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with FXPro

  • Regulated by: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)
  • Headquarters Country : UK
  • Foundation year 2006
  • Min Deposit : 100
  • Used by over 10,000 traders
  • FXPro is not available in the following countries : US, IR
Open FXPro's Website

Your capital is at risk

FXPro are reputable enough to have a wikipedia page link. Wikipedia content is highly moderated for accuracy. It is very hard to get a Wikipedia page. Open FXPro's Wikipedia page

At the bottom of this review you can also learn about some pretty good alternatives to FXPro

With this review we hope to help you see if FXPro is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FXPro that will help you get off to a good start in the world of online trading.

FXPro Review Table of Contents

FXPro what you should know

FXPro offer five ways to trade: Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

FXPro provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention.

With FXPro you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FXPro platform.

FXPro are able to accommodate various levels of traders whether you are experienced or a beginner.


Are FXPro safe?

When choosing a broker like FXPro the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2006, and in operation for 13 years FXPro have a head office in UK.

FXPro is regulated. This means FXPro are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXPro, this will be honored. If FXPro violate any regulatory rules their regulated status could be stripped.

Any payments funded to FXPro accounts by traders are held in a segregated bank account.

For added security FXPro use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with FXPro. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FXPro

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker FXPro XTB Pepperstone eToro
Year Established 2006 2002 2010 2006
Head Office UK Poland Australia Cyprus, UK
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes Yes Yes No
Guaranteed Stop Loss No Yes No No
Learn More Visit FXPro Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FXPro Pros and Cons

What we like about FXPro

  • Used by over 10,000 traders
  • Established in 2006
  • Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)
  • Min. deposit from $100

What we don't like about FXPro

FXPro Financial Regulation and Supervision in more detail

We have checked and FXPro is regulated and supervised by reputable organisations. You are able to check every FXPro supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FXPro. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FXPro traders and provide a safe trading environment.

FXPro is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FXPro you should be sure they're legitimate online agent.

FXPro Awards

FXPro have won numerious industry awards over the 15 plus years they have been operating as a financial broker. We list the most notible awards and mentions for FXPro below.

  • Global Forex Awards Best European Value Broker 2019
  • Global Brands Magazine Best Spread Betting Provider UK 2018
  • Global Brands Magazine Best Execution Provider Global 2018
  • City of London Wealth Management Awards BEST FX SERVICE PROVIDER 2018 Winner
  • Online Personal Wealth Awards BEST FX PROVIDER 2019
  • Financial Times and Investors Chronicles awards Best Broker 2018
  • Online Personal Wealth Awards Best FX Provider 2019
  • UK Forex Awards Forex Provider of the Year 2015
  • Shares Awards Best FX Broker 2013 - 2018

FXPro General Fees

  • FXPro doesn't charge withdrawal fees
  • FXPro does charge inactivity fees
  • FXPro does charge deposit fees
Broker FXPro XTB Pepperstone eToro
Min Deposit 100 0 200 200
Withdrawl Fees No varies No Yes
Inactivity Fees Yes No Yes Yes
Deposit Fees Yes No No No
CFD Commission Fees charge commissions on cTrader only Yes Yes No

FXPro Commissions

  • FxPro charge commissions on cTrader only.

What can you trade with FXPro?

You can trade a wide variety of instruments with FXPro over 250 instruments infact.

If you are looking at trading currency pairs FXPro offer over 70 currency pairs.

Compare FXPro with XTB and Pepperstone below.

Your capital is at risk

Broker FXPro XTB Pepperstone eToro
Instruments Available 250 1,500 100 100
Platforms MT4, MT5, Mac, cTrader, ProTrader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit FXPro Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 70 50 70 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit FXPro Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 10 21 16 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs Visit FXPro Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 156 1696 60 957
UK Shares Yes Yes No Yes
US Shares Yes Yes No Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes No Yes

Trading on FXPro web platforms and other applications

FXPro is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

FXPro is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

An FXPro IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

FXPro also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See FXPro's platforms

FXPro Trading benefits :

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection

FXPro Trading Accounts Offered :

The following account types are available to FXPro clients under CySEC, FCA and SCB:

  • MT4 account with fixed spreads and Instant Execution.
  • MT4 account with floating spreads and Instant Execution.
  • MT4 account with floating spreads and Market Execution.
  • cTrader account with floating spreads and Market Execution.
  • MT5 account with floating spreads and Market Execution.
The following account types are available to clients under DFSA:
  • MT4 account with fixed spreads and Instant Execution.
  • MT4 account with floating spreads and Market Execution.
  • cTrader account with floating spreads and Market Execution.

Can I try FXPro before I buy?

FXPro offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do FXPro accept?

FXPro offer the below funding payment methods. learn more about FXPro

  • Credit cards
  • Bank Transfer
  • PayPal
  • Neteller
  • UnionPay
Broker FXPro XTB Pepperstone eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with FXPro?

When opening a trading account with FXPro, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXPro trading platforms here.

Performing trades with FXPro

With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, FXPro may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As a nice bonus, FXPro are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

FXPro also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by FXPro here.

Education resources at FXPro

To trade effectively with FXPro, it's important to get a have a good understanding of the XTB trading tools and the markets.

FXPro offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FXPro.

Take time to look around the FXPro platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FXPro

FXPro support a wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese

FXPro have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

FXPro customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at FXPro

We tested the FXPro live chat and it works well. We sent messages to FXPro livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with FXPro support in multiple languages in multiple countries. FXPro where able to quickly resolve our customer issues.

Email Support at FXPro

We sent several emails to FXPro and answer times overall were excellent. The fastest response from FXPro was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with FXPro, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from FXPro.

Phone Support at FXPro

We called FXPro and the call was answered very quickly. The call was answered in less than 1 minutes.

The FXPro phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FXPro team by calling in varying languages. FXPro made an effort to make sure our queries were answered.

Overall great phone support from FXPro.

See how FXPro Support Compares Against Other Brokers

Broker FXPro XTB Pepperstone eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit FXPro Visit XTB Visit Pepperstone Visit eToro
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What you will need to open an account with FXPro

As FXPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore FXPro's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FXPro you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxpro.co.uk/ on 12th August 2018.

Watch this FXPro Informational Video

FXPro Bottom Line

  • FXPro have a good track record of offering Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.
  • FXPro has a history of over 15 years.
  • FXPro has a reasonable sized client support call center of at least 10.
  • FXPro are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) . This means FXPro fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FXPro have regulation from a Tier 1 reputable country.
  • FXPro has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FXPro have an international presence in multiple countries. This includes local FXPro seminars and training.
  • FXPro are able to hire people from various locations in the world who can better communicate in your local language.

FXPro Risk Disclaimer

Your capital is at risk

FXPro not quite right?

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FXPRO Frequently Asked Questions

Can I try FXPro before I buy?

FXPro do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do FXPro accept?

FXPro offer the following funding payment methods accept Credit cards, Bank Transfers, PayPal, Neteller, Wire Transfer, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with FXPro?

When opening a trading account with FXPro, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FXPro trading platforms here.

Is my money safe with FXPro?

FXPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) . One of the most important criteria for traders when choosing a broker like FXPro is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FXPro, this will be honored. If they violate any regulatory rules their regulated status can be stripped.