Founded in 2009, FxPro has already gained a reputation of a reliable Forex broker. The following virtues of the broker made it highly popular among Forex market participants:
- Highly professional team;
- Commitment to ensuring legal fundamentals of its activity (licensing and regulation).
The broker has offices in Russia, the UK, Cyprus and Monaco.
Deposits and Withdrawals
An account can be funded using the following instruments:
- Visa, Master Card – funds are credited to the account within a day, withdrawal takes 2-3 days (commission for a deposit);
- Bank transfer;
- Paypal, WebMoney, Skrill (Moneybookers), Neteller – deposits and withdrawals take one day, often less and without commission.
FxPro charges no additional commission for bank transfer.
High level of regulation proves FxPro reliability. It is one of the few forex brokerage companies not registered in the offshore area. The broker is authorized and regulated by the following bodies:
- FCA – the Financial Conduct Authority (registration no. 509956);
- CySEC – the Cyprus Securities and Exchange Commission (license no. 078/07).
Besides, FxPro acts under the EU’s Markets in Financial Instruments Directive (MiFID). The company’s internal rules were proved to comply with investment rules of the Euro zone.
FxPro forex broker is a member of the Investor Compensation Fund, which ensures the brokers that are members of the Fund will fulfill their customer obligations.
All funds held on behalf of FxPro clients are governed by the following principles to ensure their safety:
- Segregation of funds. All client funds deposited with FxPro are fully segregated from the company’s own funds, which ensures their safety;
- Royal Bank of Scotland, Barclays Bank PLC and others are among the company partners. This is an additional proof of the customer funds safety;
- Negative balance protection. Using an automated transaction monitoring and risk management system FxPro ensures that a client’s balance will not fall below the level of its initial deposit.
Bonuses and Promotions
Despite the competitive level of commissions for deposit and withdrawal procedures, the company is now conducting a promotion which offers compensation of all commission costs borne by customers while depositing or withdrawing funds.
Trading Accounts Types
FxPro is offering a wide choice of trading accounts suitable for both professional and beginner traders. Live accounts can be opened in one of the following currencies:
To activate an account, you need to fund it. The minimum deposit is $500 USD.
FxPro Vault deposit accounts are worth special mention. This is a unique money management tool allowing customers to minimize currency risks.
Also, FxPro is widely using PAMM accounts which are of two kinds:
- Investor’s account;
- Manager’s account.
A manager can only manage investor’s funds. It is unable to withdraw them.
Trading Platforms Types
FxPro clients can trade in foreign exchange and stock markets using different trading platforms, such as MT4, MT5 and cTrader. There are also unique platforms developed by the company specialists.
In particular, FxPro cAlgo is intended for algorithmic trading. All the platforms have low spreads – from 0.5 to 1 pip and leverage from 1:1 to 1:500.
Customers can view the detailed list of platforms and their features on the company’s official website.
Multilingual (15 languages) customer support is working 24 hours 5 days a week.
Customer support team at FxPro pays a lot of attention to training beginner traders and improving customer skills. The company specialists developed a unique interactive training system available online.
FxPro website is a powerful content where you can find an answer to any question. A lot of attention is paid to analytical and methodological information.
Pros of Trading with FxPro
Another substantial advantage of the company is a wide range of trading platforms and tools allowing to implement any trading strategy.
Risk management and transaction monitoring system protects customer assets from any adverse situations. The deposit accounts system is unique among brokerage companies and allows to not only reduce risks but also earn passive income in the form of interest charges.The broker values its high reputation, which was proved by various awards and prizes of the world’s leading financial regulators.
In spite of high level of regulation, the company is committed to a policy of full transparency, with registration procedure being open and available for all. To register a live trading account, you only need to provide scanned copies of documents.
High initial deposit.
AlexFxPro: I want to thank FxPro team for its high-quality professional work and attentive (I’d even say careful) attitude towards customers.
Petr1987: It’s not a secret that most dealing desks are focused on “speedy destruction of customer deposits”. I can say with all responsibility FxPro is a strong ray of light in the realm of darkness among brokers. This company deserves high praise in all aspects of its activity.
GarryHeys: It’s a real pleasure to work with FxPro. Order execution is accurate. Over a year and a half of trading with FxPro I forgot a terrible word “slippage”. Deposits and withdrawals are made with Swiss accuracy and precision.
Tanya Soboleva: I’m very glad to work with FxPro. With strict order execution, convenient interface of trading platforms, wide choice of accounts and trading tools, trading with FxPro is a pleasure. Thank you and keep it up!
FxPro is one of the major international brokers. It is among the most reliable financial companies of the world due to its clear well-planned financial policy.
Even in case of any unpleasant moments purely of technical nature, the company always gets out of a difficult situation in a proper manner serving the interests of its customers.