FxPro is a forex broker in the forex market claims its main purpose is to give its clients competent trading conditions, endorse the adoption of decent and straightforward trading strategies across the Forex industry.
We learned that this broker is currently trying to regain its clients’ trust after an incident in the past made it lose this trust from them.
They do not reveal what the incident is at the moment.
FxPro Forex Broker Trading Platforms
In a bid to gain back their clients’ reliances again, Fxpro put so many efforts into combining innovation and ease of use in the platforms they have availed for their traders.
Most other reviews say that Fxpro offers 2 trading platforms, but after much research, we found out that Fxpro offers 5 trading platforms(with.only 3 explained). And this innovation earned them the award of the ‘Best Trading Platform’ from the Forex Awards in 2015.
You’ll find them below:
- FxPro MT4
- FxPro MT5
- FxPro cTrader
- FxPro Markets
- FxPro Mobile Platforms
Fx pro-MetaTrader 4 – this trading platform is recognized as the basic platform in the FOREX trading history.
It makes a combination of an instinctive user interface with a customizable setting.
It also offers all a trader needs to use during the trading session to chart assets, place orders and manage positions.
With this platform, FxPro provides a more developed trading infrastructure, active pricing and an outstanding order enactment without interventions.
Also with this platform, Fxpro allows traders access to 3 distinct chart kinds:
- nine-time frame
- A fully customizable interface and many other features.
And it also allows its users the proficiency to regulate the market with accuracy and correctly measuring their entry and exit each time.
FxPro MT5 Platform: this is a modern edition of the MetaTrader platform.
It provides users with all they need to trade the financial markets.
This trading platform is an effective tool and it allows users to manipulate their structure to suit their trading attitude, and also facilitates market analyses with a vast option of features to aid a better understanding of FOREX trading with FxPro.
The platform allows its traders to chart assets at 21 varied time frames, with low spreads from 0.6 pips, Depth market data and also allows traders the capability to have up to 100 charts accessible at any time given, the MT5 trading platform comes off as a terrific shot to take.
FxPro cTrader Platform; this one is fresh to the world of charting platforms. Many traders look up to cTrader’s growth since it strives to strengthen another category of market findings.
FxPro cTrader was particularly modeled for CFDs trading. It lets traders place orders while having entry to entire market depth.
This platform shows the entire market depth, allowing its traders to deduce the convenient rates per trade size completely. It provides clarity considering the expanse of accessible liquidity.
What FxPro Forex Broker Says It Offers
FxPro gives the MT4 and MT5, cTrader forex trading top platforms.
It also offers over 70 forex currency pairs, CFDs, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for traders’ private enterprises and trading options.
Fxpro offers users access to online FOREX trading with an FX Broker who gives some of the favorable trading conditions in the industry. With instant market performance accessible, with 8-base currencies at a user’s tendency, unidentified low latency trading with no intervention from a transaction desk.
FxPro Forex Broker Account Types
FxPro offers three different accounts:
- Demo Accounts
- Standard Accounts
- Premium Accounts.
- Demo Accounts – these accounts are widespread in FOREX trading and are used to test the waters, and to understand and adjust to the FOREX market without putting up with obstacles.
FxPro gives to its traders free of charge account for possible traders who would want to experiment FxPro platforms without risking real money.
Creating a Demo Account will immediately give the user a basic cash balance of $500,000.
- Standard Accounts – this account type has four different kinds;
– MetaTrader classic FxPro
– MT4MetaTrader classic FxPro MT
– FxPro cTrader
– FxPro Markets
And each one obliging a distinct minimum deposit to be created and giving diverse processes.
Premium Accounts – this type compels a client to have a minimum of $50,000 to be able to trade.
Clients who keep a premium account will earn access to additional advantages from the standard account holders.
But what entices traders to this premium account type is the lower spreads that the account holder will gain when trading in vast proportions.
FxPro Forex Broker Deposit and Withdrawal Methods
The Fxpro deposit methods include:
- Bank Wire
- Transfer from Existing Broker
While the withdrawal methods include:
- Bank Wire
- Transfer from Existing Broker
There are no charges for withdrawals. They are wholly free and takes one business day to process.
Nonetheless, a trader needs to understand that the full withdrawal process can also take as long as five business days to be accomplished.
Is FxPro Forex Broker Licensed?
Yes, Fxpro is a licensed broker.
Fxpro is governed by the Financial Control Authority FCA (the precursor of FSA) in the UK – one of the overseeing financial management agencies, accountable for licensing and managing financial brokerage companies.
Particularly with the device to safeguard clients by security authority as well as Segregated Account mode.
This gives clients the confidence to trade because they are sure they are secure and also, to guarantee the liquidity of the floor to compensate traders.
Hence, we are convinced that FxPro is not a scam broker.
After much research, we have found that Fxpro is not a scam broker although there are a few negative feedbacks from clients. But this is a broker we can recommend to our readers.
Even though we will advise they begin with the demo account especially for beginners.
One drawback Fxpro broker has is the absence of inevitable stop‑loss orders.
Some other brokers might offer this feature for a fee but Fxpro doesn’t offer at all.