FxPro Review
- Overview
- Our Insights
- Detailed Summary
- Our Insights
- Security Measures
- Our Insights
- Account Types
- Our Insights
- How To Open an Account
- Our Insights
- Trading Platforms and Software
- Our Insights
- Fees, Spreads, and, Commissions
- Our Insights
- Which Markets Can You Trade?
- Our Insights
- Leverage and Margin
- Our Insights
- Deposit and Withdrawal
- Educational Resources
- Our Insights
- Customer Reviews
- Pros and Cons
- In Conclusion
Overall, FxPro is a trustworthy and highly regulated Forex Broker that is very well-known for its competitive spreads and innovative trading tools. The Broker offers access to a Beginner Friendly Demo Account and has a trust score of 94 out of 99.
🛡️Regulated and trusted by FCA, CySEC, FSCA, SCB, and, the FSA
🛡️2982 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.
🔎 Broker | 🥇 FxPro |
📌 Year Founded | 2006 |
📍 Amount of staff | 500+ |
⭐ Publicly Traded | None |
🛡️ Regulation | FCA, CySEC, ASIC |
🌎 Country of regulation | UK, Cyprus, Australia |
↪️ Account Segregation | ✅Yes |
🚨 Negative balance protection | ✅Yes |
📈 Investor Protection Schemes | FSC, FSCS, and others |
🅰️ Institutional Accounts | ✅Yes |
🅱️ Managed Accounts | ✅Yes |
📉 Minor account currencies | Multiple |
📊 Minimum Deposit | 100 USD |
⏰ Avg. deposit processing time | Instant to 1 business day |
⏱️ Avg. Withdrawal processing time | 1-5 business days |
💴 Fund Withdrawal Fee | None |
💶 Spreads from | 0.0 pips |
💵 Commissions | Variable |
💷 Number of base currencies | 6 |
💳 Swap Fees | Variable |
⏹️ Leverage | Up to 1:500 |
⏺️ Margin requirements | Variable |
☪️ Islamic account | ✅Yes |
🆓 Demo Account | ✅Yes |
🖥️ Order Execution Time | Milliseconds |
💻 VPS Hosting | ✅Yes |
📊 CFDs Total Offered | 2000+ |
💹 CFD Stock Indices | ✅Yes |
🍎 CFD Commodities | ✅Yes |
💱 CFD Shares | ✅Yes |
💴 Deposit Options | Bank transfer, Credit/Debit cards, e-wallets |
💶 Withdrawal Options | Bank transfer, Credit/Debit cards, e-wallets |
➡️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
↪️ OS Compatibility | Windows, macOS, iOS, Android |
⚙️ Forex trading tools | Economic calendar, trading signals, charting tools |
🥰 Customer Support | Responsive |
🗯️ Live chat availability | ✅Yes |
💌 Support Email | [email protected] |
☎️ Support Contact | Varies by Region |
🐦 Social media | Twitter, Facebook, LinkedIn, |
📍 Languages | English, Spanish, German, French, Italian, Arabic, Chinese, Japanese |
✏️ Forex course | ✅Yes |
📔 Webinars | ✅Yes |
📚 Educational Resources | Tutorials, articles, videos |
📒 Affiliate program | ✅Yes |
📑 IB Program | ✅Yes |
🗃️ Sponsor notable events/teams | ✅Yes |
🗄️ Rebate program | ✅Yes |
📌 Account Types | Standard, Raw+, Elite |
🅰️ Cent Accounts | None |
🅱️ Micro Accounts | None |
😊 Suited to Beginners | ✅Yes |
😎 Suited to Professionals | ✅Yes |
🌟 Suited to Active Traders | ✅Yes |
*️⃣ Suited to Scalpers | ✅Yes |
🌞 Suited to Day Traders | ✅Yes |
🚀Open an Account | 👉 Click Here |
Overview
Founded in 2006 by Charalambos Demosthenous in Cyprus, FxPro is a global online brokerage known for its competitive spreads and innovative tools. Regulated by the FCA, CySEC, FSCA, and SCB, FxPro operates in multiple markets, including Mauritius. The firm emphasizes client education through online courses and demo accounts, allowing traders to practice risk-free before live trading.
Frequently Asked Questions
What is FxPro?
FxPro is a global online brokerage established in 2006, offering a wide range of trading products and platforms, including forex, CFDs, and more.
What is the minimum deposit required to open an account?
The minimum deposit to open an account with FxPro is 100 USD.
Does FxPro offer demo accounts?
Yes, FxPro provides demo accounts for traders to practice and develop their skills in a risk-free environment.
Does FxPro offer negative balance protection?
Yes, FxPro offers negative balance protection to ensure that traders cannot lose more than their deposited amount.
Our Insights
FxPro, founded in 2006 by Charalambos Demosthenous in Cyprus, stands out as a trusted global brokerage offering competitive trading conditions and a diverse range of financial instruments. With robust regulatory oversight from top authorities including the FCA, CySEC, FSCA, and SCB, traders benefit from a secure and well-regulated trading environment.
FxPro’s commitment to client education and support through comprehensive resources and demo accounts further enhances its appeal for both new and experienced traders.
Detailed Summary
🔎 Broker | 🥇 FxPro |
📌 Year Founded | 2006 |
📍 Amount of staff | 500+ |
⭐ Publicly Traded | None |
🛡️ Regulation | FCA, CySEC, ASIC |
🌎 Country of regulation | UK, Cyprus, Australia |
↪️ Account Segregation | ✅Yes |
🚨 Negative balance protection | ✅Yes |
📈 Investor Protection Schemes | FSC, FSCS, and others |
🅰️ Institutional Accounts | ✅Yes |
🅱️ Managed Accounts | ✅Yes |
📉 Minor account currencies | Multiple |
📊 Minimum Deposit | 100 USD |
⏰ Avg. deposit processing time | Instant to 1 business day |
⏱️ Avg. Withdrawal processing time | 1-5 business days |
💴 Fund Withdrawal Fee | None |
💶 Spreads from | 0.0 pips |
💵 Commissions | Variable |
💷 Number of base currencies | 6 |
💳 Swap Fees | Variable |
⏹️ Leverage | Up to 1:500 |
⏺️ Margin requirements | Variable |
☪️ Islamic account | ✅Yes |
🆓 Demo Account | ✅Yes |
🖥️ Order Execution Time | Milliseconds |
💻 VPS Hosting | ✅Yes |
📊 CFDs Total Offered | 2000+ |
💹 CFD Stock Indices | ✅Yes |
🍎 CFD Commodities | ✅Yes |
💱 CFD Shares | ✅Yes |
💴 Deposit Options | Bank transfer, Credit/Debit cards, e-wallets |
💶 Withdrawal Options | Bank transfer, Credit/Debit cards, e-wallets |
➡️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
↪️ OS Compatibility | Windows, macOS, iOS, Android |
⚙️ Forex trading tools | Economic calendar, trading signals, charting tools |
🥰 Customer Support | Responsive |
🗯️ Live chat availability | ✅Yes |
💌 Support Email | [email protected] |
☎️ Support Contact | Varies by Region |
🐦 Social media | Twitter, Facebook, LinkedIn, |
📍 Languages | English, Spanish, German, French, Italian, Arabic, Chinese, Japanese |
✏️ Forex course | ✅Yes |
📔 Webinars | ✅Yes |
📚 Educational Resources | Tutorials, articles, videos |
📒 Affiliate program | ✅Yes |
📑 IB Program | ✅Yes |
🗃️ Sponsor notable events/teams | ✅Yes |
🗄️ Rebate program | ✅Yes |
📌 Account Types | Standard, Raw+, Elite |
🅰️ Cent Accounts | None |
🅱️ Micro Accounts | None |
😊 Suited to Beginners | ✅Yes |
😎 Suited to Professionals | ✅Yes |
🌟 Suited to Active Traders | ✅Yes |
*️⃣ Suited to Scalpers | ✅Yes |
🌞 Suited to Day Traders | ✅Yes |
🚀Open an Account | 👉 Click Here |
Frequently Asked Questions
Are there any fees for withdrawing funds?
FxPro does not charge a fee for withdrawals, though fees may vary depending on the payment method used.
What leverage does FxPro offer?
FxPro offers leverage of up to 1:500.
Does FxPro provide VPS hosting?
Yes, FxPro offers VPS hosting for traders.
Does FxPro have an affiliate or partnership program?
FxPro has an Affiliate Program and Introducing Broker (IB) Program, and it sponsors various events and teams.
Our Insights
FxPro is a prominent online brokerage known for its innovation and competitive trading features. Established in 2006, it has expanded globally, adhering to rigorous regulatory standards across multiple markets.
With a focus on quality and client education, FxPro provides a range of trading platforms, robust protection mechanisms, and valuable resources, making it a reliable choice for traders looking to develop their skills and engage in various financial markets.
Security Measures
FxPro prioritizes client security by strictly separating client funds from operational capital, ensuring investments are held in individual accounts at major global banks. It complies with stringent regulations from bodies like the FCA and CySEC, maintaining high operational integrity. FxPro also uses advanced SSL encryption to protect personal and financial data from unauthorized access. Additionally, negative balance protection is provided to shield clients from losses exceeding their initial deposit, crucial in volatile markets.
Frequently Asked Questions
How does FxPro protect client funds?
FxPro ensures client funds are kept separate from its operational capital by holding investments in individual accounts at major global banks. This separation helps safeguard client money from potential financial issues within the company.
What regulatory bodies oversee FxPro?
FxPro is regulated by several esteemed agencies, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and others.
How does FxPro ensure operational integrity?
FxPro adheres to strict regulatory standards set by its overseeing agencies, maintaining exceptional operational integrity and client safety.
What encryption technology does FxPro use to protect personal data?
FxPro employs advanced Secure Socket Layer (SSL) technology to encrypt all personal and financial information exchanged between clients and its servers, preventing unauthorized access.
Our Insights
FxPro excels in safeguarding client funds and personal data through rigorous security measures and regulatory compliance. With separate accounts for client funds, advanced SSL encryption, and negative balance protection, traders can confidently engage in the markets knowing their investments are well-protected.
Account Types
Standard Account
The Standard Account offered by FxPro presents an extensive selection of trading products free from commission expenses, catering to traders who prefer uncomplicated pricing formats.
With a minimal investment of $100, traders can engage in forex and indices markets at 1.2 pips on prime currency pairs.
The absence of charges combined with micro-lot trading (0.01 lots) establishes an inclusive platform for all skill levels; especially beneficial to novice financial market traders intending small investments into trade activities.
Pro Account
The Pro Account by FxPro is ideal for seasoned traders who favor a more economical trading experience and narrower spreads. By depositing $1,000 at the onset, one can avail of starting spreads as low as 0.6 pips on popular currency pairs without any additional commissions to pay.
This account primarily caters to investors grappling with large amounts of trade voluminous transactions; they may leverage up to 1:500 while accessing a vast array of diverse trading products.
Raw+ Account
FxPro offers a budget-friendly option for traders called the Raw+ Account, which boasts raw spreads that begin at 0.0 pips partnered with a $3.5 commission per side.
To open one requires a minimum deposit of $1,000, and it appeals particularly to scalpers and high-volume traders who benefit from near-zero spreads on essential Forex pairs.
Consequently, this account’s pricing strategy can greatly decrease transaction costs when trading in huge volumes or regularly, making it highly competitive among its counterparts within the industry space.
ECN Account
Intended for elite traders, FxPro’s ECN Account demands a substantial deposit of $30,000 within 60 days. With spreads starting from an impressive 0 pips and a charge of $3.5 per side trade, this account is reserved for seasoned investors seeking optimal pricing and exceptional liquidity to support extensive trading activities.
Featuring institutional-grade execution speeds and efficiently catering to diverse product choices, the ECN environment ensures superior performance standards, befitting experienced professionals with sizable portfolios.
Demo Account
The Demo Account at FxPro is an excellent instructive and practice tool for traders who want to develop their skills. It simulates real-market situations using virtual funds, enabling risk-free trading practices.
The account only expires in 180 days, allowing traders to use all of FxPro’s platforms and products. This account particularly benefits novice traders by introducing them to the trading environment or experienced ones to test out strategies easily.
Islamic Account
The Islamic Account provided by FxPro caters to Sharia-compliant traders. It offers a swap-free option, where administration fees are charged instead of overnight interest payments after a specific duration.
This account is crucial for individuals who adhere to Islamic finance principles and need access to global markets without ethical constraints affecting their choices. The same range of products and platform features as normal accounts are available with this account type.
Frequently Asked Questions
What is the Standard Account at FxPro?
The Standard Account offers a wide range of trading products with no commission fees and a minimum deposit of $100. It features spreads starting from 1.2 pips on major currency pairs and micro-lot trading (0.01 lots), making it ideal for beginners and those preferring straightforward pricing.
What are the features of the Pro Account?
The Pro Account is designed for experienced traders and requires a minimum deposit of $1,000. It offers tighter spreads starting from 0.6 pips on popular currency pairs and no additional commission fees. Traders can leverage up to 1:500 and access a broad selection of trading products.
What is the Raw+ Account?
The Raw+ Account provides raw spreads from 0.0 pips with a commission of $3.5 per side. It requires a minimum deposit of $1,000 and is particularly beneficial for scalpers and high-volume traders seeking minimal transaction costs.
What does the ECN Account offer?
The ECN Account is tailored for elite traders, requiring a substantial deposit of $30,000 within 60 days. It features spreads starting from 0 pips and a $3.5 commission per side. It provides institutional-grade execution speeds and liquidity, suited for large-scale trading activities.
Our Insights
FxPro offers a range of account types to cater to different trading needs. From the beginner-friendly Standard Account with no commissions to the Pro Account with lower spreads for experienced traders, and the Raw+ and ECN Accounts providing advanced features for high-volume and elite traders, each account type is designed to suit various trading strategies and levels.
Additionally, the Demo Account offers a risk-free way to practice, while the Islamic Account ensures compliance with Sharia law.
How To Open an Account
To register an account with FxPro, follow these steps:
1. Step 1: Start the Registration Process.
Begin the process by going to the FxPro website and browsing the registration page After submitting the initial form, check your email for a confirmation pin.
2. Step 2: Complete The Questionnaire.
You will next be prompted to complete a questionnaire about your financial knowledge and trading experience. Choose your favorite trading platform from the alternatives available.
3. Step 3: Meet regulatory requirements
To meet regulatory requirements, submit a clear copy of your government-issued ID or passport. You will get confirmation from FxPro after your papers have been successfully verified and your account approved.
Finally, after your account has been funded, you may begin trading by accessing FxPro’s wide variety of financial products via your preferred platform.
Frequently Asked Questions
How do I start the account opening process with FxPro?
Begin by visiting the FxPro website and navigating to the registration page.
What should I do after submitting the initial registration form?
Check your email for a confirmation pin that you will need to proceed.
What information will I need to provide during registration?
You will need to complete a questionnaire about your financial knowledge and trading experience.
How do I choose a trading platform?
During registration, you can select your preferred trading platform from the options provided.
Our Insights
Opening an account with FxPro is straightforward: visit their website, submit the registration form, verify your email, complete a financial questionnaire, choose a trading platform, and provide ID verification. Once approved and funded, you can start trading with access to a wide range of financial products.
Trading Platforms and Software
MetaTrader 4
MT4 remains a dominant force within the trading industry, recognized for its robust features and flexibility.
Its vast array of technical analysis options, algorithmic functionalities, and intuitive user interface are automated trading systems called Expert Advisors (EAs), which facilitate strategy automation and backtesting.
FxPro takes pride in offering improved functionality on the already exceptional MT4 platform with one-click trades and effective charting tools to boost trader performance capabilities – both novice and experienced alike.
MetaTrader 5
MetaTrader 5, an improved version of MT4, provides a highly advanced trading platform equipped with brand-new features and enhanced capabilities.
With expanded offerings including extended timeframes, pending order types, various technical indicators, and more sophisticated charts than ever before. The economic calendar is also easily accessible on the platform, adding to its functionality.
FxPro’s implementation of MetaTrader 5 offers traders access to diverse financial markets via an updated, user-friendly interface while opening up new opportunities for additional trade instruments and position hedging – making it a great prospect for those seeking top-notch multi-asset platforms.
cTrader
The trading community is witnessing a remarkable innovation in the form of FxPro’s cTrader platform, equipped with advanced technical analysis and charting features presented via its sleek UI.
The distinguishing aspect that sets it apart from competitors is Level II pricing providing complete market depth for greater transparency. Additionally, traders can leverage algorithmic capabilities to create bespoke trading robots or indicators using this cutting-edge tool.
Integrating cTrader has enabled FxPro to cater more effectively to discerning clients seeking faster order execution and a wider variety of trade types suitable for modernized sophisticated operations.
Proprietary App
The FxPro App is a trading solution that caters to the demands of today’s mobile-first environment. It provides traders with all the features from its desktop versions, such as real-time market data and account management tools in a portable format.
The app is designed for ease of use so traders can efficiently execute transactions anywhere they go while accessing advanced charting capabilities.
By prioritizing user experience, FxPro demonstrates its commitment to technological innovation and enhancing convenience for traders.
Proprietary Trading Platform
For traders seeking a tailored trading encounter, FxPro provides its unique trading platform. This advanced system blends the most exceptional tools, analytics, and execution speeds that FxPro has to offer.
Custom platforms aim to provide an uncomplicated yet distinctively different way of executing trades than traditional offerings. To address diverse client needs, brokers like FxPro utilize self-created systems to provide bespoke solutions for client’s specific demands.
Frequently Asked Questions
What is MetaTrader 4 (MT4)?
MetaTrader 4 (MT4) is a popular trading platform known for its robust features, including extensive technical analysis tools, algorithmic trading with Expert Advisors (EAs), and an intuitive interface. FxPro enhances MT4 with one-click trading and advanced charting tools.
What are the key features of MetaTrader 5 (MT5)?
MetaTrader 5 (MT5) is an advanced version of MT4 offering extended timeframes, new order types, additional technical indicators, and sophisticated charting capabilities. It also includes an economic calendar and improved functionality for multi-asset trading and position hedging.
What makes cTrader unique?
cTrader stands out with its advanced technical analysis tools, Level II pricing for complete market depth, and the ability to create custom trading robots and indicators. It offers fast order execution and a modern interface tailored for sophisticated trading strategies.
What can I do with the FxPro App?
The FxPro App provides a mobile-friendly trading experience, allowing traders to manage accounts, access real-time market data, and execute trades on the go. It includes features from the desktop platforms and offers advanced charting capabilities in a portable format.
Our Insights
FxPro provides a variety of advanced trading platforms to suit different needs: MetaTrader 4 for its robust features and automation, MetaTrader 5 for its enhanced capabilities and multi-asset trading, cTrader for its advanced analysis and transparency, and proprietary solutions for customized trading experiences. The FxPro App offers a mobile-friendly option with essential trading tools and real-time data.
Fees, Spreads, and, Commissions
Spreads
The spread structure of FxPro is highly competitive and can vary depending on the financial instrument and account type traders use.
The Pro Account, meant for high-volume trading, has ultra-low spreads starting at 0.6 pips. In contrast, wider spreads are often found in the Standard Account that caters to retail investors but involves no commissions, thus making pricing easier to understand.
FxPro offers effective real-time market circumstances without false markups, making it a favorite among traders who seek transparency and honesty regarding pricing strategies.
Popular currency combinations like EUR/USD have a lower possible start, around 1.2 points. However, more obscure instruments may feature larger margins between the bid and ask prices (spreads).
Commissions
Commission fees do not apply to the Standard or Pro Accounts. Instead, the broker cost is factored into the spread. This strategy provides transparency for traders who use these account types.
However, the Raw+ and ECN Accounts have a distinct cost structure. Traders who choose these accounts may take advantage of zero-pip spreads, which might appeal to those looking for extremely low pricing.
However, charges are charged individually, beginning at $3.5 per side, depending on the financial item being exchanged. This pricing structure is intended to appeal to traders who value narrow spreads and are ready to pay a commission for the benefit.
Overnight Fees
An excavation fee will be charged when a position is kept open overnight. The amount of cost varies depending on the type of instrument and the nature of the position (long or short).
FxPro is transparent about its pricing structure derived from interbank interest rates for currency exchanges. Traders must remain cautious as these fees may add up considerably if positions are held for extended periods.
Deposit and Withdrawal Fees
FxPro’s customer-centric approach means that it does not levy charges for deposits or withdrawals. This benefits traders as they can easily manage their funds without worrying about fees eroding their profits.
Nevertheless, one must keep in mind that while FxPro refrains from imposing additional costs, the financial organizations involved in facilitating these transactions might impose such fees.
Hence, traders need to verify the existence of any applicable charges with their payment service providers or banks before proceeding further.
Inactivity Fees
Traders who maintain inactive accounts for an extended duration without engaging in trading activities may face a fee. This policy encourages traders to cancel accounts or engage in more trading operations.
Further information on the terms and conditions regarding these charges is available through FxPro’s client agreement or by contacting customer service directly.
Currency Conversion Fees
A conversion fee may be charged When trading accounts in a currency other than their deposit or withdrawal currency. This charge compensates for the currency exchange procedure and is computed using the current interbank rates.
While FxPro aims to provide competitive rates, traders should be aware of currency volatility, which can affect the effective rate at which transactions are converted.
Frequently Asked Questions
What are the typical spreads offered by FxPro?
FxPro offers competitive spreads that vary by account type and financial instrument. The Pro Account features ultra-low spreads starting at 0.6 pips, while the Standard Account has wider spreads starting from around 1.2 pips for popular currency pairs like EUR/USD.
Are there any commissions on FxPro accounts?
The Standard and Pro Accounts do not have commission fees; the cost is included in the spread. However, the Raw+ and ECN Accounts feature zero-pip spreads but charge a commission starting at $3.5 per side, depending on the traded instrument.
What are overnight fees at FxPro?
FxPro charges overnight fees for positions held open after the trading day ends. The fee amount varies based on the instrument and position type (long or short), and it is derived from interbank interest rates.
Are there any fees for deposits and withdrawals?
FxPro does not charge fees for deposits or withdrawals. However, traders should check with their payment service providers or banks for any potential fees that may apply.
Our Insights
FxPro offers competitive spreads and transparent pricing across its account types, with no commissions on the Standard and Pro Accounts, and low commissions on the Raw+ and ECN Accounts. Traders benefit from no deposit or withdrawal fees, and clear information on overnight and currency conversion fees. This user-friendly approach ensures traders can manage their funds efficiently and focus on their trading strategies.
Which Markets Can You Trade?
FxPro offers the following trading instruments and products:
- Over 70 currency pairings
- 24 futures contracts
- 19 spot market indices
- More than 2000 stock CFDs are available
- Seven precious metals
- three spot energy commodities
FxPro trades over 18 cryptocurrencies, although it is worth noting that this option is not available to FxPro UK Ltd’s retail clients.
Frequently Asked Questions
What currency pairs can I trade with FxPro?
FxPro offers trading in over 70 currency pairs, providing a broad range of options for forex traders.
What futures contracts are available on FxPro?
FxPro provides access to 24 futures contracts, allowing traders to engage in various futures markets.
How many spot market indices can I trade?
FxPro offers 19 spot market indices, giving traders opportunities to invest in major global indices.
How many stock CFDs are available for trading?
FxPro provides access to more than 2,000 stock CFDs, covering a wide array of companies and sectors.
Our Insights
FxPro provides a diverse range of trading instruments, including over 70 currency pairs, 24 futures contracts, 19 spot market indices, more than 2,000 stock CFDs, seven precious metals, and three spot energy commodities. Additionally, traders can access over 18 cryptocurrencies, though this option is not available to retail clients of FxPro UK Ltd.
Leverage and Margin
FxPro provides flexible leverage options, allowing traders to take larger positions relative to their initial investment. Retail clients can access leverage up to 1:200 on major forex pairs, with potentially higher ratios for qualified professionals. While leverage can amplify profits, it also increases the risk of losses exceeding the initial investment.
For example, with a 1:200 leverage ratio on EUR/USD, a $500 margin is required to control 1 lot (100,000 units) at an exchange rate of 1.13798.
Frequently Asked Questions
What leverage options does FxPro offer?
FxPro provides flexible leverage options, with retail clients able to access leverage up to 1:200 on major forex pairs. Higher leverage ratios are available for qualified professionals.
How does leverage work?
Leverage allows traders to take larger positions than their initial investment by borrowing funds. For example, with a leverage ratio of 1:200, a $500 margin can control 1 lot (100,000 units) of EUR/USD.
What are the risks associated with leverage?
While leverage can enhance potential profits, it also increases the risk of losses that can exceed the initial investment. Traders should use leverage cautiously and be aware of the risks involved.
How is the required margin calculated?
The margin required for a leveraged position depends on the leverage ratio and the trade size. For instance, with a 1:200 leverage ratio of EUR/USD, a $500 margin is needed to control 1 lot (100,000 units).
Our Insights
FxPro offers flexible leverage options up to 1:200 for retail clients, allowing traders to manage larger positions with a smaller initial investment. While leverage can amplify potential profits, it also increases the risk of significant losses, so it’s important to use it carefully.
Deposit and Withdrawal
FxPro offers a variety of convenient methods for both deposits and withdrawals to suit your preferences. Whether you prefer using traditional bank wires, credit or debit cards, or modern e-wallets, the process is streamlined for ease and efficiency. Follow the steps below for each method to manage your funds effectively and ensure quick transactions.
Deposit Methods
Bank Wire
- Log into your FxPro Direct account.
- Navigate to the ‘Deposit‘ section.
- Choose ‘Bank Transfer‘ as your deposit option.
- Follow the on-screen steps to retrieve FxPro’s bank information.
- Use these data to request a bank wire transfer from your financial institution.
The funds are normally deposited to your FxPro account within one working day after reaching their bank.
Credit or Debit Card
- To deposit using a credit or debit card, go onto your FxPro Direct account.
- Go to the ‘Deposit’ area and choose ‘Credit/Debit Card’.
- Enter the amount you want to deposit.
Enter your card information and make the deposit.
e-wallets or Payment Gateways
- Login to your FxPro Direct account.
- Click on the ‘Deposit’ tab.
- Choose your favorite e-wallet.
- Input the deposit amount.
You will be routed to the e-wallet website to finish the transaction.
Withdrawal Methods
Bank Wire
- Login to your FxPro Direct account.
- Navigate to the ‘Withdrawal‘ area and choose ‘Bank Wire‘ as your withdrawal method.
- Fill in your account number, the bank’s SWIFT/BIC code, and other relevant information.
- Enter the amount that you want to withdraw.
Review and submit your withdrawal request, ensuring that all details are valid.
Credit or Debit Cards
- Access your FxPro Direct account.
- Go to the ‘Withdrawal‘ section and choose ‘Credit/Debit Card‘ as a withdrawal method.
- Select the card you previously used to make a deposit or input the card details to add a new one.
- Determine the withdrawal amount.
Confirm your information and submit your withdrawal request.
e-wallets or Payment Gateways
- Sign in to your FxPro Direct account.
- Select ‘Withdrawal‘, then select your favorite e-wallet.
- If you have already deposited using the e-wallet, it should be accessible for selection
- Otherwise, you may be required to input your e-wallet account information.
- Enter the amount that you want to withdraw.
Confirm your withdrawal information and submit the request.
Frequently Asked Questions
What deposit methods does FxPro offer?
FxPro provides several deposit methods including bank wire transfers, credit or debit cards, and e-wallets. You can choose the method that best suits your needs from your FxPro Direct account.
How do I deposit bank wire?
Log into your FxPro Direct account, go to the ‘Deposit’ section, select ‘Bank Transfer,’ and follow the on-screen instructions to get FxPro’s bank information. Use this information to complete a wire transfer from your financial institution. Deposits typically appear in your account within one working day.
Can I deposit funds using a credit or debit card?
Yes, you can deposit funds using a credit or debit card. Simply log into your FxPro Direct account, go to the ‘Deposit’ area, select ‘Credit/Debit Card,’ enter the deposit amount, and provide your card details to complete the transaction.
How do I deposit using an e-wallet?
To deposit via an e-wallet, log into your FxPro Direct account, click on the ‘Deposit’ tab, select your preferred e-wallet, enter the deposit amount, and follow the prompts to complete the transaction on the e-wallet’s website.
Our Insights
FxPro offers a range of convenient deposit and withdrawal methods, including bank wire transfers, credit and debit cards, and e-wallets, ensuring flexibility and ease of use for managing your funds. With efficient processing times and straightforward procedures, FxPro makes it easy to handle your transactions smoothly and effectively.
Educational Resources
FxPro offers the following educational resources:
- Nine interactive online courses geared at novices.
- Four courses explore fundamental analysis’s complexities.
- Five courses that walk traders through technical analysis topics.
- Four courses cover the mental and emotional elements of trading
Topics such as the sunk cost fallacy and the escalation of commitment are discussed, assisting traders in understanding the psychological dangers that might influence trading decisions.
Frequently Asked Questions
What educational resources does FxPro offer for beginners?
FxPro provides nine interactive online courses specifically designed for novice traders to help them get started and build foundational trading skills.
Are there courses on fundamental analysis?
FxPro offers four courses that delve into the complexities of fundamental analysis, helping traders understand market influences and economic indicators.
Does FxPro provide training on technical analysis?
FxPro offers five courses that cover various aspects of technical analysis, equipping traders with tools and techniques to analyze market trends and make informed decisions.
What resources are available on trading psychology?
FxPro provides four courses focused on the mental and emotional aspects of trading. These courses discuss psychological concepts such as the sunk cost fallacy and escalation of commitment, helping traders recognize and manage psychological biases that may affect their trading decisions.
Our Insights
FxPro offers a comprehensive range of educational resources, including courses on fundamental and technical analysis, as well as trading psychology. These tools are designed to enhance traders’ skills and knowledge, helping them make more informed and effective trading decisions.
Customer Reviews
🥇 Impressed!
I’ve been trading with FxPro for over a year, and I’ve been impressed with their range of educational resources. The courses on technical analysis have significantly improved my trading strategies. The trading platforms are user-friendly, and the customer service has been responsive whenever I’ve had questions. The only downside is that the spreads can be a bit wide on some accounts, but overall, it’s a solid choice for both new and experienced traders. – Alex
🥈 Excellent!
FxPro has been a game-changer for me. The variety of trading instruments they offer is fantastic, and their platforms are top-notch. I particularly appreciate the educational resources—they helped me understand both fundamental and technical analysis better. Deposits and withdrawals are straightforward with no hidden fees. The leverage options are also quite flexible, which has allowed me to optimize my trades effectively. Highly recommend FxPro to anyone serious about trading. – Sophie
🥉 Happy Client.
FxPro offers a decent trading experience, but some areas could use improvement. While the range of markets and instruments is impressive, I’ve faced occasional delays in processing withdrawals. The educational resources are good, but I would like to see more advanced content for experienced traders. Overall, it’s a reliable broker, but there’s room for enhancement in customer support and withdrawal speed. – Mark
Pros and Cons
✅Pros | ❌Cons |
MetaTrader 4 and 5 | Basic FXPro App |
cTrader accounts | Commissions on cTrader accounts |
Wide Range of Trading Instruments | Withdrawal Processing Times |
Diverse Educational Resources | Limited Advanced Content |
Multiple Platform Options | Spread Variability |
Flexible Leverage | Potential for Higher Risk with Leverage |
No Deposit or Withdrawal Fees | Complexity for New Traders |
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References:
In Conclusion
According to our findings, FxPro is a forex and CFD broker that serves a broad spectrum of traders, from novices to seasoned pros. FxPro offers various trading options due to its wide choice of financial products, including Forex pairs, futures, indices, shares, metals, and energy.
At FxPro, withdrawal requests are handled in a single business day; however, the withdrawal method may affect how long it takes for funds to post to your account.
Spreads are competitive, particularly on cTrader accounts, where raw spreads begin at 0 pip. On the other hand, these accounts may have greater commission costs than those of certain rivals.
With a $100 minimum deposit required to begin trading, FxPro provides most traders with an affordable starting point.
Yes, FxPro provides a free trial account with virtual funds to practice trading and become acquainted with their platforms before depositing real money.
FxPro offers a seamless trading experience with intuitive tools and reliable market analysis. Excellent service all around.
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Trading with FxPro has been smooth and efficient. Their customer support and market insights are top-notch.
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