FxPro

0
FxPro

The provider proposes the complete suite of Meta Trader 4 and 5 services. The broker was first established and activated in 1999. The chosen approach of this MarketFx brokerage is a client-centric. Thus, they put customers at their top priority. Residents from more than 170 countries can use this platform.Currently, the number of activated accounts almost achieves the mark of 900,000. It is one good proof that the platform is safe and is not a scam.

Is FxPro Legal and Secure Enough to Start Trading?

One tier-1 and a couple of tier-2 jurisdictions monitor and control FxPro. Despite the fact CFDs are considered high-risk assets, the broker is associated with relatively low risks. Among the licenses, we can name such authorities as FCA, CySEC, DFSA, and FSCA that provided them and keep an eye on the activity of FxPro.
As for today, the responsible company’s head office is located in the United Kingdom. There are also offices in Dubai, Cyprus, and the Bahamas. Severe EU laws and regulations affect FxPro.
In fact, the Financial Conduct Authority (FCA) from the United Kingdom has most of the control. This way, we can say that FxPro is a secure and regulated entity. You may trade using Meta Trader 4 and 5 on this platform. FxPro is only compatible with desktop and browser. The funds of the users are saved in segregated accounts of EU investment-grade banks. The negative balance protection is present.

We can add that this broker is not publicly traded and doesn’t operate a bank. The trust score is 89/99. FxPro has also received 60+ global rewards in trading, such as Best FX Provider and Most Trusted MarketFx Brand UK, which proves its reputation and security. New users keep on registering actively every day.

Features, Advantages, and Disadvantages

Multiple-account pricing options are one of the primary benefits of FxPro. Some of them are multi-execution approaches.
Of course, FxPro has client care and support, just like other services involved in online trading. It is better to contact the company’s reps via the live chat to get answers ASAP. If you want to discuss really important and urgent issues face-to-face, you can ask for a call-back. However, it might take more time to receive a response. It is also possible to send them a message in email.
The support works 24/5, which is a standard for most MarketFX brokers. Most users prefer the local FAQ part, which has the explanations of the basic things that one should know about FxPro. The company focuses on the best-in-class user experience. The members of client support are experienced and skilled in the field of trading, so they will still provide better help in case of an extraordinary situation.
The main pitfall is a narrow range of tradeable goods as well as restricted market research. It does not mean, however, that the education at FxPro is poor or incomplete. Also, some may say that the fees on this platform are not competitive sufficiently to overbeat such giants as CMC Markets, for instance.

Pricing and Commissions at FxPro

There are two major types of accounts for the users of FxPro. The first one is a market account; the second option is an instant execution account. It is easy to cater to a full range of MarketFX investors.

The execution approach is something that makes FxPro stand out from many other brokers. It means that a trader can select either fixed or variable spreads. The variable spread is for Meta Trader 4 and 5 platforms, with EUR/USD spreads of 1.58 for accounts on market execution (1.51pips).
It is believed that this provider has the best spreads on the native platform. The all-in spreads are about 1.27 pips (0.37 spread + 0.9 commission). The minimum deposit amount at the start is $100, but experts recommend making it $500. It has an Active Trader and VIP discounts for its loyal clients. Here is what you can trade via FxPro:

  • 70+ currency pairs
  • Indices
  • Stocks & bonds
  • Silver
  • Cryptocurrencies like Bitcoin
  • Gold
  • CFDs

The dynamic leverage at FxPro is 1:500 max. For those who are new, the provider has added a demo account. It is possible to test trading strategies and earn basic knowledge.

Research and Learning Opportunities

FxPro has a large section dedicated to learning and training. Both dummies and professional traders can benefit from the offered educational opportunities. For instance, it is possible to find out more about the world of MarketFx from the following materials:

  • How-to guides
  • Online tutorials
  • Video guides
  • Webinars
  • Tech analytical reports
  • Fundamental analysis
  • Special events like online conferences
  • Trading exams
  • Psychology of the market, etc.

The newcomers will especially benefit from local education. FxPro offers exciting interactive courses. For those who are not new to the business, the company has added an Advanced category to the educational section on their official website. You can always take a test and decide whether you are ready to trade real assets based on its results.