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FxPro

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    What do you need to know about the FxPro broker?

    FxPro is a British broker that offers clients to trade with a minimum percentage and commission. At the same time, there is no minimum deposit, so you can start with any available amount.

    Date grounds

    2006 year

    Regulation and jurisdiction

    FCA (UK)
    CySec (Cyprus)
    FSCA (South Africa)
    SCB (Bahamas)

    Official website of the company

    fxpro.com

    Contact details

    +44 (0) 20 7776 9720
    +44 (0) 203 151 5550
    [email protected]
    Karyatidon 1, Ypsonas 4193, Cyprus
    26, Boulevard des Moulins, Monaco, 98000
    13-14 Basinghall str.,
    City of London, EC2V 5BQ, UK

    Pros
    • Acceptable minimum deposit is $100
    • Wide variety of currencies available to fund your account
    • A demo account is available to test the trading platform
    Cons
    • Complicated and lengthy procedure for registering a personal account
    • Funds insurance is not provided
    • Lack of 24/7 support for traders
    • Anonymity of the organization's founders
    Trading platform
    • Author platformFxPro Trading Platform for PC and FxPro Trading App
    • FxPro cTrader
    • FxPro MetaTrader 4
    • FxPro MetaTrader 5
    Accounts
    • Standard account
    • Pro account
    • Raw+ account
    • Elite account
    Account currency

    USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR

    Deposit/withdrawal

    Credit cards Visa/Mastercard/Maestro
    Electronic wallets
    International payment systems
    WireTransfer

    Minimum deposit amount

    100$

    Leverage

    1:500

    Margin Call/Stop out

    25%/20%

    History of the company and regulation of its activities

    FxPro is a brand owned by a British company headquartered in London. The activity of the broker is controlled by regulators:

    CySEC is a Cypriot non-profit organization that regulates the work of many Russian and foreign companies.

    FCA is the UK Financial Conduct Authority.

    The company is an official partner of the McLaren team (Formula 1) as a sponsor of the Watford football club. Currently, the broker’s clients, as stated on its website, are 870 thousand people. Among the main advantages that traders appreciate are low commissions and a small spread, and the ability to trade on convenient trading platforms on 6 different asset classes.

    Trading conditions and account types.

    The company offers to open a demo or live trading account based on the following platforms:

    • MT4;
    • MT5;
    • cTrader.

    For users who are ready to invest large amounts, premium accounts are available, which provide additional features (dedicated server line, personal manager, no commissions for replenishing the balance and withdrawing funds, exclusive analytics, etc.).

    How to get a FxPro global login and register on the broker’s website.

    To register and create an account, the user enters the site and enters the following data:

    • surname, name;
    • E-mail;
    • password (created by yourself);
    • Country of Residence.

    They also indicate the residence address with the city and postal code and fill in the fields with the date of birth and mobile phone. Then you also need to specify:

    • employment status;
    • field of activity;
    • the level of education;
    • data on annual income, source of funds;
    • assets that the user intends to trade on Forex;
    • presence/lack of trading experience.

    The last step is to select the parameters for the future account:

    • trading platform (MT4, MT5, or cTrader);
    • account currency (US dollars, euros, pounds, South African rands, yens, Australian dollars, Swiss francs, and Polish zlotys are available);
    • confirmation of consent to the distribution by email.

    Along with registration, a trader can immediately go through the procedure for verifying his document. To do this, you need to upload a scan or high-quality color photo of the passport (front page and page with the address), as well as a document confirming the place of residence. This can be a utility bill or a bank statement for the last six months.

    Documents are checked within 1-2 business days, after which the client receives a notification in his personal account confirming the data provided. A verified account gives you all the options to use your account, including withdrawals.

    Trading platform overview.

    For Forex trading, a trader can choose 1 of 3 trading platforms:

    • classic MT4 terminal;
    • its improved version of MT5;
    • own development of the broker terminal cTrader.

    Classic terminals MT4 and MT5.

    The MT4 terminal is one of the most common trading platforms, which is popular among both experienced and novice traders. It has a simple interface that can be mastered in a matter of hours.

    The main part of the window is occupied by a chart with an asset (you can open from 1 to 4 windows at the same time), on the top panel there is a menu with the main control buttons, on the left – a window with assets. The terminal already has a set of basic indicators that can be customized to your liking. It is also possible to install other indicators downloaded from the network. Thanks to this, a trader can create a template with his own trading strategy, which can be applied to any asset in 1 click.

    Web versions of MT4 and MT5 terminals.

    Online versions of these terminals are also available on the broker’s website. The trader clicks on the button and enters his login and password, after which a window with a terminal opens on the screen, which no longer needs to be installed. This is especially convenient in cases where the user is monitoring charts from a work computer, on which third-party software cannot be installed.

    Mobile applications.

    The files are also available in mobile versions, which can be downloaded free from the App Store or Google Play. Before installing the application, you need to get a direct link to your phone, for which you need to enter the number in a field on the site.

    The program interface looks the same, so users will not have difficulty installing and mastering them. Thanks to the constant access to the charts, you can continuously monitor the market situation and open positions in any place where there is Internet access.

    Own platform FxPro cTrader.

    Also, the company’s specialists have developed their own trading platform, which can be downloaded for a PC or Android and Apple. The corresponding software can be installed from the App Store or Google Play. After downloading, a window opens with the program, which you can enter using your login and password, which were previously created during registration.

    In appearance, this program is in many ways similar to the MT4 terminal. However, the toolbar is not located at the top but on the right side. Below, the user can see all open rates and price changes (plus or minus). There is a window on the left side with all the current assets that can be used on Forex.

    The main advantage of this program is that, according to the developers, it allows you to open deals with virtually no delay – data processing takes place in a fraction of a second. This is especially true for scalp traders, where even the slightest price fluctuation can change the course of a trade.

    Trader education.

    The company provides training opportunities not only for beginners but also for more experienced traders. There are 2 courses for this:

    • For novice users who just need to open a free demo account.
    • For experienced traders who open a real account and start trading. The course provides not only the study of theoretical and practical materials but also access to exclusive tools for trading.

    Analytical reviews, a calendar of economic news, and other information are available.

    Customer Support: Ways to Get Feedback.

    All clients can call 8(800)100-62-34 free of charge and ask any question about trading, installing a terminal, withdrawing funds, etc. You can contact me during business hours from Monday to Friday (from 6 to 18 hours GMT).

    Another communication channel is a window on the site where you can enter your phone number, which employees will call back during business hours. You can also write a message in the chat, for which you fill out a simple form with the first name, last name, e-mail, subject, and text of the message. On the site, you can also leave a review about the work of the company by clicking on the appropriate button.

    Users can also contact the official address of the broker: 3/14 Basinghall Street, City of London, EC2V 5BQ or call the office at +44(0)20-7776-9720. Calls are made during business hours. At any time, you can send an email to [email protected].

    Pros and cons of FxPro broker.

    The FxPro broker has several advantages that traders from different countries have already appreciated:

    • The reliability of the company is connected not only to the fact that its activities are controlled by 2 financial regulators but also to the security of customer funds. All traders’ money is kept in separate bank accounts that are not linked to the broker’s own accounts. Therefore, users can always count on a money-back guarantee.
    • Almost all orders are processed in a fraction of a second, which excludes an unexpected change in quotes and loss of profit in connection with this.
    • Trading is carried out on convenient platforms – MT4, MT5 terminals, or cTrader. The interface of the programs is simple and at the same time functional, which especially attracts novice traders.
    • In addition, each user has the opportunity to open a free demo account.
    • The minimum amount on the deposit can be virtually anything, but the broker himself recommends depositing $500.
    • There is no commission for deposits and withdrawals.

    However, some users note in the FxPro review that managers are too active, and often disturb them with calls.

    FxPro

    Some also point out problems with withdrawals and even write that FxPro is scammers.

    FxPro Broker FxPro Broker review

    Expert opinion

    Eugene Rudenko

    Fxpro shows good results in the market and this inspires the trust of users. Licenses from reputable financial regulators testify to the reliability of the broker and the high quality of the services provided. Recent trends in the regulation of the FOREX market with the tightening of margin requirements reduce the attractiveness of regulated jurisdictions. However, if a trader has serious capital and is not ready to bear non-trading risks, opening an account in an English or Cypriot branch is the safest option. If you want to get higher leverage, you can safely open a trading account with FxPro Global Markets Limited, a company registered in the Bahamas.
    But always remember to be careful and follow the rules of the project so as not to lose access to the account and the funds on it.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Conclusions

    FxPro cannot be categorized as new to the market. It has passed the test of time and confirmed its reliability; for the entire existence of the FxPro brand, there has not been a single scandalous story. In terms of trading conditions, the company is not inferior to the industry leaders.
    The broker is suitable for both scalpers and fans of leisurely trading. Orders are executed very quickly, slippage is rare here.
    The entry threshold is low, so if you are still at the stage of choosing a broker, you can open a small live account here and try out FxPro. If you like it, deposit the balance to your account and continue earning.
    But still there are some negative aspects in the project. Therefore, study all the basic rules before starting work and exercise reasonable care.

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    FAQ

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    Does the opinion of a broker's clients affect its reputation?

    The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about FxPro are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.

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    How to write a review about cooperation with FxPro on the website?

    To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.

    Reviews

    All Reviews

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