Introduction

Brief history of the broker: Founded in 2006, FxPro has established itself as a trusted global forex and CFD broker with over 16 years of experience in the industry. It has surpassed milestones such as attaining the 1.3 million-client mark across 170+ countries and executing 370,000,000 orders.

Initial impressions: With a vast range of services and a focus on client trust, FxPro stands out as a reliable choice for traders seeking diversified trading options and a robust platform.

Licensing and Regulation

Regulatory bodies overseeing the broker: FxPro is regulated by several leading authorities, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Commission of The Bahamas (SCB), and The Financial Services Commission of Mauritius (FSCM).

Safety and protection measures for traders: FxPro ensures client fund safeguarding, with assets kept in segregated accounts from Tier 1 institutions. The company also offers protection through the Financial Services Compensation Scheme (FSCS) in case of insolvency.

Trading Platforms

Overview of platforms available: Traders can choose from MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge.

Features, customization, and user interface: FxPro provides a user-friendly experience with features like customizable watchlists, various indicators, and studies for charting.

Mobile trading options: The mobile app is compatible with iOS and Android, featuring advanced charting tools, push notifications, and a custom favorites list.

Account Types

Overview of available account types: FxPro offers multiple account types, with differences in spreads, execution type, and instruments available. These include MT4, MT5, and cTrader.

Minimum deposits, leverage, spreads for each account type: The minimum deposit across all accounts is $100, with varying spreads starting from 0 pips depending on the platform.

Tradable Assets

FxPro boasts a vast array of tradable instruments, including 70+ forex pairs, 24+ indices, spot metals, energies, shares, futures, and cryptocurrencies.

Spreads & Fees

The average spread starts from 0.5 pips, depending on the trading platform and account. cTrader users encounter a commission charge of $35 for each $1 million traded.

Deposit and Withdrawal

Available payment methods: FxPro supports multiple payment options, including bank wire, credit card, Neteller, Skrill, PayPal, and more.

Speed of processing and potential fees: FxPro is notable for eliminating all deposit fees from all payment methods since 2018.

Minimum and maximum limits: The recommended deposit is $500, but users can start with as low as $100.

Withdrawals typically have no fees, except for global transfers. It’s essential to note the minimum and maximum limits for each method.

Customer Support

Methods of communication: Support is accessible via LiveChat, phone, and email.

Availability: They offer 24/5 customer support.

Quality and response time: With its “five-star customer service,” FxPro ensures timely and quality assistance to its users.

Educational Resources

FxPro provides an educational page catering to both beginners and advanced traders. This includes videos, written lessons, a glossary, and a short educational playlist on their YouTube channel.

Pros and Cons

Pros: High security and trust levels, diverse trading platforms, low spreads, excellent customer service, and a broad range of tradable instruments.
Cons: No anonymous demo account, absence of guaranteed stop loss, and limited market news and analysis.

Conclusion

FxPro establishes itself as a reliable broker suitable for both novice and experienced traders. Their emphasis on client security, diverse trading options, and exceptional customer support makes them a top choice in the forex and CFD trading sector.