Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.
FxPro is a well-regarded CFD and forex broker with solid global regulations, including the UK’s FCA and Cyprus’s CySEC. Known for its easy account setup, it offers excellent customer service in various languages and provides hassle-free deposit and withdrawal options.
FxPro focuses on forex and CFD trading, ensuring a straightforward and quick account verification process. It’s a trusted choice for traders looking for reliability and efficiency in the forex and CFD market.
Essential Broker Information
Here is the table containing important information about the broker:
| Country of regulation | Cyprus, UK, Bahamas, South Africa |
|---|---|
| Inactivity fee | Yes |
| Withdrawal fee | $0 |
| Minimum deposit amount | $100 |
| Available base currencies | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR |
| Bank card deposits | Available |
| E-wallet deposits | Available |
| Time to open an account | 1 day |
| Demo account available | Yes |
| Products offered | Forex, CFD |
Expert Opinion Summary
FxPro is a trusted CFD and forex broker with some positive highlights. The smooth account opening process and strong multilingual customer support are huge pluses. Free deposit and withdrawal options also add an overall great trading experience. High trading fees for certain stock CFDs and an inactivity fee after six months of not trading are also concerns. For these reasons, FxPro is recommended for forex and CFD traders who are looking for a fast account setup and are interested in the MT4/MT5 platform.
- Effortless Account Opening
- Customer Service Excellence
- Free Deposit and Withdrawal
- Limited Product Portfolio
- High Trading Fees for Some Stock CFDs
- Inactivity Fee
FxPro Security and Regulation
FxPro is considered safe as it has maximum regulation by three top-tier regulators including the UK’s FCA and CySEC in Cyprus. FxPro doesn’t have a banking license, it doesn’t appear on any stock exchange. But, it has a regulated environment and commitment to client protection.
Investment Opportunities
FxPro provides an investment opportunity in the forex and CFD markets. The traders can go into the trading of currencies, focusing on big pairs. FxPro has contracts for differences (CFDs) that also include such things as indices, commodities, and shares.
FxPro has a pretty solid offering of forex and CFDs.
Commissions and Fees at FxPro
FxPro has fair costs with small fees. FxPro sets a fee for inactive accounts after 6 months.
Professional traders can get a custom fee structure at FxPro. Lower spreads and sometimes a fee per transaction make it cheaper for frequent and seasoned traders.
One good thing is that FxPro doesn’t charge a fee when you take out money.
Account Minimum:
FxPro has a reasonable minimum deposit requirement of $100.
FxPro Unique Features
FxPro stands out with a hassle-free account opening, allowing traders to get started quickly.
- Multilingual Customer Service
- Professional Trading Conditions
- Free Deposit and Withdrawal Options
FxPro is authorized and regulated by top-tier financial authorities, including the UK’s FCA and Cyprus’s CySEC, instilling confidence in traders regarding regulatory compliance and financial standards.
The negative balance protection helps that traders’ losses don’t exceed their account balance.
Trading Platforms
FxPro has a big offer on trading platforms MT4. cTrader, MT5 and a custom Fxpro platform. A prominent one is the MetaTrader 4 (MT4). It’s easy to use and specially crafted for mobile trading. The desktop version doesn’t have features like price alerts and might feel a bit old-fashioned. Traders can enjoy the customizable, easy-to-understand fee report on MT4. It gives a full rundown of your trading costs.
Mobile Trading Apps
FxPro’s mobile trading app is built on the MetaTrader 4 (MT4) platform, offering traders an accessible and user-friendly experience. While lacking Touch/Face ID login features, it compensates with a good search function, simplifying asset discovery.
Placing orders is straightforward, and the inclusion of price alerts builds up real-time monitoring.
Who Is FxPro for?
FxPro is perfect for you if you trade forex and CFD markets. The practical account setup, easy-to-use front, and multi-language customer help pull in both newcomers and seasoned traders. The platform suits different skill levels, but it’s more leaned towards experienced traders.
Learning Resources
Their learning center has a comprehensive hub, and provides valuable trading insights. The educational content includes video tutorials, webinars, and written materials, creating a well-rounded approach to learning about forex and CFD trading.
The educational articles are structured to facilitate a progressive learning journey, allowing users to build their knowledge at their own pace.
FxPro video tutorials offer a practical dimension to the theoretical knowledge available in the written resources, creating a holistic learning environment.
FxPro webinars cover current market trends, analysis, and Q&A sessions. The interactive nature of webinars gives a sense of community and engagement among FxPro’s user base.
Customer Support
FxPro’s customer support is available Monday to Friday. You can contact them via email, live chat or phone.
FxPro Deposit and Withdrawals
Bank transfers, credit/debit cards, and electronic wallets. The broker doesn’t charge any deposit fees. For withdrawals, you can use the same methods used for deposits, such as bank transfers, credit/debit cards, and electronic wallets. The processing times for withdrawals may vary based on the chosen method, with electronic wallets often providing faster transactions compared to bank transfers.
Top 5 FxPro Alternatives
If you’re exploring alternatives to FxPro, consider the following reputable options:
| Broker | Description |
|---|---|
| Interactive Brokers | Interactive Brokers is known for its extensive range of tradable assets and low trading fees. With a powerful trading platform, it caters to both beginners and advanced traders. |
| IG Group | IG Group stands out for its user-friendly platform and diverse product offering, including real stocks and ETFs. It is well-regulated and suitable for traders of all levels. |
| eToro | eToro is a social trading platform, allowing users to copy the trades of successful investors. It’s ideal for those looking for a unique and community-driven trading experience. |
| Pepperstone | Pepperstone is recognized for its low fees and excellent customer service. It offers a variety of trading platforms and a straightforward account opening process. |
| XTB | XTB is a reliable broker with a strong focus on education. It provides a comprehensive range of educational materials, making it suitable for both beginners and experienced traders. |
Our Take on FxPro
FxPro has low forex fees, free deposit and withdrawal options, and regulatory strength make it an appealing choice. The limited product portfolio and inactivity fee may be an issue for some traders. FxPro leans more toward serving experienced traders. But for beginners and less experienced traders, they provide educational resources. It’s a solid option for those seeking efficiency and reliability.
Frequently Asked Questions
Can I trust FxPro?
Yes. FxPro is a trustworthy broker. It is regulated by top-tier authorities, including the UK’s FCA and Cyprus’s CySEC.
What is the minimum deposit at FxPro?
The minimum deposit at FxPro is $100.
How long is the FxPro withdrawal?
Withdrawal times at FxPro depend on the chosen method. Electronic wallets often offer faster processing times compared to bank transfers. The broker itself is known for fast withdrawal.
Which broker is better than FxPro?
Determining the “better” broker depends on individual preferences and trading needs. Alternatives like Interactive Brokers, IG Group, eToro, Pepperstone, and XTB offer different strengths, so the choice should align with your specific trading goals.
How much commission does FxPro take?
It varies. FxPro’s commission structure varies based on the trading instrument and account type. Forex fees are generally low, but certain stock CFDs may have higher fees.
