FxPro Review
Highlights: In 2006, FxPro was established. Since then, it has become one of the most prominent online brokers in the world. FxPro is a leading provider of contract for difference (CFDs) for various asset classes, such as forex, futures, and stocks. Its clients can benefit from a wide range of liquidity and trade execution solutions. […]
Highlights:
- In a variety of forex pairs, stocks, indices and commodities, FXPro offers competitive spreads.
- Supplemented by third party analysis from Trading Central, FxPro offers high quality proprietary content and tools.
- Clients of FxPro will find an impressive range of instruments across a variety of asset classes, including CFDs on commodities and index futures.
- Client funds are held in segregated accounts. However, there is no compensation fund or third-party insurance coverage in the event of insolvency.
- Beginners can benefit from well-designed courses, a demo account and reliable customer service. The proprietary Edge platform is intuitive and user-friendly, making it suitable for new traders.
- Advanced traders will benefit from the advanced cTrader and MetaTrader platforms, competitive spreads, algorithmic trading and multi-account management.
In 2006, FxPro was established. Since then, it has become one of the most prominent online brokers in the world.
FxPro is a leading provider of contract for difference (CFDs) for various asset classes, such as forex, futures, and stocks. Its clients can benefit from a wide range of liquidity and trade execution solutions.
With a wide range of products and services, FxPro is able to meet the needs of its customers. It also offers a variety of deposit protection policies. These policies, which are not subject to regulation, ensure that clients can keep their money in the bank.
Besides a wide range of products and services, FxPro also provides its clients with 24-hour multilingual customer support. This ensures that they can get the help they need to become better traders. The company’s holding company, FxPro Group Limited, is a registered and regulated financial services company.
Besides being regulated by the Cyprus SEC, FxPro’s various subsidiaries are also subject to the supervision of the country’s financial sector regulators.
FxPro Details
| Company Name | FxPro Group Limited, FxPro Financial Services Ltd, FxPro UK Limited, FxPro Global Markets Limited |
| Country | United Kingdom, Cyprus, Bahamas |
| Year Open | 2006 |
| Headquarters | United Kingdom, Cyprus, Bahamas |
| Offices | Monaco |
| Employees | 200+ |
| License | SIA-F184, 509956, 078/07 |
| Regulatory Authorities | CySEC, SCB, FCA UK |
| USA Clients | No |
| Japanese Clients | Yes |
| European Clients | Yes |
| Canadian Clients | No |
| Restricted Countries | USA, Iran, North Cyprus, Canada, North Korea, Zimbabwe, Cuba, Sudan, Cote D Ivoire, Syria, Iraq, Yemen, Congo, Liberia, Libya, Somalia, Puerto Rico, Afghanistan, Bosnia and Herzegovina, Ethiopia, Guyana, Lao people’s Democratic Republic, Trinidad and Tobago, Tunisia |
Regulatory Authority
| Agency | Financial Conduct Authority UK |
| Short Name | FCA UK |
| Country | United Kingdom |
| Min Capitalization | GBP 730,000 |
| Government Enforced Segregated Accounts | Yes |
| Description | FCA regulates the financial services industry in the UK.FCA aims to make sure that financial markets work well so that consumers get a fair deal. This means ensuring that, the financial industry is run with integrity, firms provide consumers with appropriate products and services, and consumers can trust that firms have their best interests at heart. |
| Agency | Securities Commission of The Bahamas |
| Short Name | SCB |
| Country | Bahamas |
| Min Capitalization | N/A |
| Government Enforced Segregated Accounts | No |
| Description | The Securities Commission of The Bahamas (“the Commission”) is a statutory body established in 1995 pursuant to the Securities Board Act, 1995. That Act has since been repealed and replaced by new legislation. The Commission’s mandate is now defined in the Securities Industry Act, 2011 (SIA, 2011). The Commission is responsible for the administration of the SIA, 2011 and the Investment Funds Act, 2003 (the IFA), which provides for the supervision and regulation of the activities of the investment funds, securities and capital markets. The Commission, having been appointed Inspector of Financial and Corporate Services effective 1 January 2008, is also responsible for administering the Financial and Corporate Service Providers Act, 2000To effectively oversee and regulate the activities of the investment funds, securities and capital markets, to protect the investors while strengthening the public and institutional confidence in the integrity of those markets. |
| Agency | Cyprus Securities and Exchange Commission |
| Short Name | CySEC (MiFID) |
| Country | Cyprus |
| Min Capitalization | EUR 730,000 |
| Government Enforced Segregated Accounts | Yes |
| Description | The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory Authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in the Republic of Cyprus.CySEC is to exercise effective supervision to ensure investor protection and the appropriate development of the securities market. |
Account Options
| Account Types | MT4 Instant Execution, MT4 Fixed, MT4 Market Execution, MT4 FxPro Edge, MT5, cTrader |
| Min Deposit | 100 USD |
| Max Leverage | 30:1 for clients under CY and UK jurisdictions, 200:1 for clients under BS jurisdiction, 500:1 for Professional clients under any jursidiction |
| Min Trade Size | 0.01 Lots |
| Max Trade Size | 10,000 Lots |
| Spreads | FxPro Spreads |
| Spread Types | Fixed spreads, Variable spreads |
| FX Pricing Decimals | 5 |
| Commission | FxPro Commissions |
| Rollover (Swaps) | FxPro Rollover (swaps) |
| Stop Out Level | 50% |
| VPS (Virtual Private Server) | Yes |
Trading Options
| Execution Options | Market Execution, Instant Execution |
| Instruments | Forex, Metals, Energies, Indices, Shares, Futures, Cryptocurrencies |
| OCO Orders | No |
| Trailing Stops | Yes |
| One Click Trading | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| News Trading Allowed | Yes |
| Expert Advisors Allowed | Yes |
| Islamic Accounts | Yes |
| Copy Trading | No |
FxPro Pros FxPro Cons
| Robust platformsExcellent range of tradable instrumentsCompetitive spreadsFast order executionSpread betting (UK only)Research from Trading CentralFast deposits and withdrawalsFixed and variable spread accounts | Limited protection at offshore entityFxPro Edge Platform is only available in the English languageInactivity fee |
