FxPro

FxPro

Forex Broker

  • Company name: FxPro Financial Services Limited
  • Founded: 2006
  • Offices: UK, Cyprus, South Africa
  • Regulators: FSCA No.45052, FCA, CySEC
  • Broker type: Pure STP

Trading info

  • Min. Deposit: $100
  • Leverage: 500:1
  • Min. Spread: 0.6 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard
  • Currency pairs: 70+

Trading platform

  • Platform: MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge
  • Web based: Yes
  • Mobile: Yes

Open Account

8.5 TradeForexSA
Pros
  • FSCA Regulated
  • $100 minimum deposit
  • Negative balance protection
  • No dealing desk execution
  • Very secure deposit and withdrawal features
  • Mobile platform version
  • Hedging allowed
Cons
  • The “platforms within a platform” features can be complicated for beginners
  • Occasional platform freezes reported
Summary
With MT4, MT5, cTrader and browser-based platform, a low $100 first deposit, and outstanding customer service, we appreciate FxPro. FxPro is well-regulated, including the FSCA, offers segregated accounts, and offers competitive spreads to match profitability with security.
Account Types8.5
Client Support & Onboarding8
Free Services8.5
Deposit & Withdrawal9

Account Types

FxPro has four main platforms available, and there is one account type associated with each platform – MT4, MT5, cTrade, and FxPro Markets. FxPro does have a demo account, regardless of the type of platform you choose.

MT4 Account

The MetaTrader 4 platform account has a minimum deposit of $100. However, there are a lot of features to take advantage of here, like hedging, trailing stops, pending orders, OCO orders (one-cancels-others), one-click trading, mobile trading, automated trading, and much more. Plus you’ll receive high leverage – 1:500 on Forex and Futures.

MT5 Account

The MT5 account is for traders want to move on to the new version of the platform.  While most traders have continued to stay with the MT4 platform, nothing is holding you back from keeping the MT4 platform at FxPro.  The only significant difference between the MT4 and MT5 accounts is that the MT5 account does not have a fixed spread option.

cTrader Account

The cTrader account is the equivalent of “high-rollers” territory on FxPro, with all of the features of an MT4 account, plus you can trade via API, receive overnight interest rates, track orders better, and trade 54 currency pairs. With the cTrader account, clients can trade forex, spot indices, spot energies and also spot metals. The spreads are variable instead of fixed, but the spreads are tightest with this account.

FxPro Markets

This browser-based account has the same trading conditions as the MT5 account (without floating spreads).  The platform does not offer algorithmic trading, but if you are an advanced trader in need of this functionality, you are probably already using MT4.

FxPro Mobile Trading Platform

Unique Selling Points

  • Spreads available from 0 Pips (EUR/USD)
  • Multiple platforms available
  • The streamlined Trader Dashboard feature
  • Incredible support options across the board
  • A total of 10 trading platforms
  • Segregated accounts
  • Phone trading available
  • Mobile platform version with MT4 Mobile
  • Hedging allowed

Awards

Some of the recent awards include:

  • Best FX Service Provider 2018 – City of London Wealth Management Awards
  • Best FX Provider 2018 – Online Personal Wealth Awards
  • Best Forex Provider 2017 – Investors Chronicle & Financial Times Investment and Wealth Management Awards
  • Best MT5 Broker, 2017 – UK Forex Awards

For a full list of awards, click here.

Compare FXPro

FXPro Vs. XM

 FXProXM
FundingBank wire, Visa/MastercardBank wire, Visa/Mastercard, Skrill , Neteller
RegulatedFSCA No.45052, FCA, CySECEU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker TypePure STPMarket Maker
Currency Pairs70+55+
Minimum Spread0.6 pips0.0 pips
Minimum Deposit$100$5
Max Leverage500:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit FXProVisit XM

FXPro Vs. Pepperstone

 FXProPepperstone
FundingBank wire, Visa/MastercardBank wire, Visa/Mastercard, Paypal, Skrill, Unionpay
RegulatedFSCA No.45052, FCA, CySECAFSL No.414530, ASIC
Broker TypePure STPECN/STP
Currency Pairs70+62
Minimum Spread0.6 pips0.0 pips
Minimum Deposit$100$200
Max Leverage500:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit FXProVisit Pepperstone

The Breakdown

FxPro takes trading more seriously than some. They offer four quality platforms giving you far more options to choose from. Their website is also overflowing with valuable information on the market and links to quality Forex-specific sites.  Along with their quality support, FxPro has received numerous awards.

Founded in 2006, operating out of Cyprus, but headquartered in London, FxPro makes a big impression on traders.  FxPro is geared toward traders who already have a little experience with the MT4 and cTrader platforms.

 

Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director at TradeForexSA, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. 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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