Editors' Choice

FxPro

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Summary

FxPro is an established and respected brokerage firm in the sector. The company has 1.3 million registered investors worldwide and has completed sponsorship agreements such as Watford FC and McLaren F1. FxPro Group Limited serves with a total of 4 separate companies.

  • FxPro UK Limited is located in UK. It is regulated by the most reliable regulatory organization, the Financial Conduct Authority (FCA). License number: 509956
  • FxPro Global Markets MENA Limited is headquartered in Dubai. Inspected by the Dubai Financial Services Authority (DFSA). License number: F003333.
  • FxPro Financial Services Ltd is a company located in Cyprus. This company hold two licenses. Cyprus Securities and Exchange Commission (CySEC) (License no: 078/07) and Financial Sector Conduct Authority (FSCA), License no: 45052.
  • FxPro Global Markets Ltd is located in the Bahamas and supervised by the Securities Commission of the Bahamas (SCB). License number: SIA-F184

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Trading Accounts

Account Types & Features


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Registering an Account

It is possible to open an account from all countries except USA, Canada and Iranian citizens. Since FxPro is controlled by several different control mechanisms, when you try to open a new account you’ll be directed to the correct website according to your browsers language and location.

The first step is to enter your country, name, email address and password.

You are then redirected to the correct site according to your country. If it is the case, you will receive a warning as follows.

After you are redirected to the correct site, you enter your address, date of birth, telephone and citizenship information.

After completing the thirds step, you will need to fill in your personal information to the form.

 

Then you’ll be asked to answer a few more questions to determine your market experience

In the last step, you select your account type, leverage and account currency. You can upload your identity and address verification documents in this step, or you can upload them later at your account. Verification documents are the same documents as all other companies. You can send your ID, driver’s license or passport photos for your identity verification. And for address verification you can send an invoice such as electricity, natural gas, internet, water which should state your name and same address you provide to the company.

Open an Account


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Deposit and Withdrawal

FxPro does not charge any fees for deposits and withdrawals, but your bank may charge commissions for these transactions. You can see all deposit and withdrawal options in the section below. Although most commonly used methods around the world are supported, we can observe that the options are slightly less than their competitors.


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Trading Platforms

FxPro supports 4 different platforms and their mobile versions. Metatrader 4 and 5 and mobile are supported , which are widely used worldwide. We can also see the Ctrader and FxPro edge platforms among the supported platforms. MT4 and MT5 accounts are STP accounts, you don’t pay commission, you only pay spread. CTrader accounts work with ECN order execution. In these accounts, based on your trading volume you’ll be charged some commission for ECN service, but these accounts typically have lower spreads.

Trading Platforms


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Products, Spread and Commissions

When we look at the number of products that can be traded, we must say that FxPro is ahead by far. The company has a wide range of products including forex, metals, futures, stocks, indices and some cryptos. In the gallery below you can see the tradeable products and their spreads. When we compare the spreads, it’s not too bad but we can say that we’ve seen better ones. The average spread is around 2-3 pips in major parities, as we have mentioned before, we made better reviews. Spread values ​​are given in points, so if you see 10, it means 1 pip.

Tradeable Products and spread


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Bonuses

There is a refund option for some accounts, but FxPro does not offer any campaigns and promotions as required by supervisory agencies. During the review period, we did not find any bonus advertisements on their website.


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Customer Service

FxPro support teams are specially trained to deal with a wide range of customer issues. Offices are located in London and Cyprus. You can contact them via email, live chat, telephone and fax. The customer service department provides services in up to 20 different languages ​​and operates 24 hours a day, 5 days a week. Our test support request was answered within the same day and our live chat request was answered within 4 minutes. The verification documents were approved the next day.


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Conclusion

FxPro is one of the most experienced, award-winning companies in the forex market. The firm is known as a trusted institution in the eyes of its investors. The company also sponsors the Premier League and Formula 1 teams. When it comes to transaction volume and number of traders registered, it’s easy to say that FxPro is one of the leading institutions in the world. We should mention that the company provides the widest product range in the market.

Register a Live Account

Tags:

Specification: FxPro

Location
Regulators

FCA, CySec, SCB, DFSA, FSCA

Trading Platforms

MT4, MT5, MT Webtrader, MT Mobile, Ctrader

Tradeable Products

Forex, CFDs

ECN Order Processing

Yes

Number of Products

276

Leverage

1:500

Islamic Swap-Free Account

Yes

Minimum Deposit

100$

Money Transfer Options
Multilingual Customer Support

Yes

Micro Lot Trading (0.01)

Yes

Spread Index

2.16

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Expert Score 8.5
Regulation Reliability
9.5
Expenses
8
Spreads
8
Diversity of Products
10
Promotions
0
Money Transfer Options
7.5
PROS:
  • Regulated by the best authorities
  • A lot of products to trade
  • Trading platforms are strong
CONS:
  • Spreads are a little higher
  • Lack of promotions and educational content
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