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FXPro Broker Review

By Jeffrey Cammack Created: Friday, April 19th, 2019 Updated: Tuesday, May 21st, 2019
Average Score

2/5

Min. Deposit $100
Max. Leverage 500:1
Min. Spread 0.6 pips
Regulators MAS
Regulator Origin MAS
Broker Type Pure STP

Summary

A low $100 minimum deposit and strong regulation from CySEC, FCA and the FSCA, has put FXPro at the front of the pack for a few years now.  FxPro delivers instant market execution, a fixed spread option, and trading in commodities, metals, and shares in addition to Forex.

FxPro has won more than 55 awards for being Best FX Service, Best FX Broker, Best FX Tools, and Best FX Trading Platform since 2006.  In short, FxPro is in the top tier of global Forex brokers and is certainly a hard act for other brokers to follow.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses None
Beginner Friendly Good
About our review process

Trading Conditions

Minimum deposit $100
Base currencies USD, GBP, CHF, EUR, PLN, AUD, JPY
Number of FX Pairs 70+
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD 1.9
GBP / USD 2.4
USD / JPY 1.6

Company Details

Company name FxPro Global Markets Ltd
Founded 2006
Website Visit site
Type Pure STP
Regulators MAS
Office locations UK, Cyprus, South Africa

Deposit & Withdrawal Methods

Supported Platforms for FXPro

FXPro Broker Detailed Review

Account Types:

Besides a demo account, there are two live accounts available at FxPro.  All accounts allow for 8 base currencies including AUD.

Standard

This account is for the retail trader interested in taking their first step into forex trading.  With negative balance protection, a minimum deposit of just $100, and instant market execution, this account should be a good choice for most traders who want to take advantage of the FxPro platform.

Premium

With the premium account come more tailored features, including a dedicated account manager, daily market analysis, exclusive events, and no withdrawal fees.  This account is for the trader who is either trading often or in high volumes and carries a $50,000 minimum account balance.

Trading Platform

You can choose your trading platform and as well as the in-house developed FXPro system or you can stick with the popular MetaTrader4, MT5 or cTrader.  All have a low latency connection to the market and allow for a good analysis of technical indicators and market sentiment.

Regulation

FXPro has strong regulators for the business from around the world.  Client Investment accounts are segregated from operating capital and deposited in major banks.  When Australian clients sign up with FxPro, the accounts will be set up under the FCA license.

Spreads and Leverage

The spread is lowest at 0.6 pips.  The leverage changes with investment product so you would need to check that out when you apply for an account.  The maximum leverage available is 500:1.

Customer Support

Should you need customer support, you have it available 24/5, in 18 languages, beginners-ready and well-trained reps.  All available through phone, email, and live chat from their website.

Educational Material

The brokerage has an FXPro Academy which includes trader designed webinars. You can obtain tutorials and videos and the usual market commentary and tips on trading strategies as well.  This is one of the best educational services I know to be run by a broker – if you are a beginner or signing up for the demo account, this feature will serve you well.

Deposits and Withdrawals

Visa and Mastercard are accepted as well as bank transfers.

Overview

A company that can manage 5000 trades per second and executes 99.9% of orders in 50 milliseconds is considered fast. FXPro is the leader in Forex trading, cleverly set up by financial experts ten years ago.  Low latency, lower minimum deposits, education available, and MT4/MT5 platform support – spot on.  You don’t need much more than this.

Compare Brokers

FXPro Admiral Markets FXTM IC Markets
Funding Mastercard, Visa, Maestro, UnionPay, Neteller, Skrill, Bank Transfer Bank wire, Visa, Mastercard, Skrill , Neteller Bank wire, Visa, Mastercard, Skrill, Western Union, Neteller Mastercard, Visa, UnionPay, Neteller, Skrill, Paypal, Bank Transfer
Regulated MAS ASIC FCA ASIC
Broker Type Pure STP ECN/STP ECN/STP True ECN
Currency Pairs 70+ 40+ 59 60
Minimum Spread 0.6 0.1 0.1 0.1
Minimum Deposit $100 $200 $10 $200
Max Leverage 500:1 500:1 Flexible 200:1
Visit Website Visit FXPro Visit Admiral Markets Visit FXTM Visit IC Markets
Expert Review Read review Read review Read review Read review

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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