The broker doesn’t engage in stop hunting or artificial spread widening, verified through regulatory audits. The spread structure places FxPro in the middle tier, neither the xcritical website cheapest nor most expensive. Traders prioritizing costs will find better deals elsewhere, while those valuing execution quality and platform choice may find the premium worthwhile. The feature proved its worth during extreme events like the Swiss Franc unpegging and various flash crashes. While some brokers sought client contributions for negative balances, FxPro absorbed all losses.
Clients who have funded their account by card can withdraw money only up to the amount they have deposited with that particular card in the last 6 months or 1 year, depending on the processing. To become a VIP client, fund your FxPro account with $50,000+ (or the equivalent in another currency), after which an FxPro manager will contact you and explain all the details. Security is paramount, and FxPro provides several measures to protect your account, including secure login practices. FxPro dedicated support team is available to assist with any registration difficulties. Traders xcritical cheating can reach out via email (email protected) or phone for personalized assistance.
Account Registration at FxPro – Takes about 5 minutes (Demo Account)
The range of tradable instruments offered by a broker is a crucial factor for traders seeking diverse investment opportunities. FxPro delivers a comprehensive selection of assets across various categories, enabling traders to access a wide spectrum of financial markets. FxPro caters to traders of all experience levels, making it an ideal choice for both beginners and seasoned investors. The broker’s ongoing commitment to user-centric features, a variety of account types, and innovative tools position it as a suitable option for a diverse range of traders.
Traders get a customizable interface packed with practical features like one-click trading, trading from the chart, live news feeds, and custom alerts—everything you need, right at your fingertips. The selection includes the user-friendly FxPro Trading Platform, robust MetaTrader platforms, and the versatile cTrader. The FxPro Direct Mobile App adds further flexibility, enabling clients to trade, perform analysis, and manage their accounts on the go. Spreads in forex and commodities are close to industry averages, while shares and indices do better than most competing brokers.
Withdrawals process efficiently with funds returning to the original payment source. Bank wires complete within 2-5 business days, while e-wallet withdrawals often process within hours. Forex trading fees are primarily based on spreads, with varying rates across currency pairs. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. However, it is important to note that FxPro does not accept third-party payments. All funds deposited into your trading account must be under the same name as your FxPro trading account.
FxPro offers Negative Balance Protection (subject to the FxPro Order Execution Policy) to ensure that clients cannot lose more than their overall investment. Spread Betting accounts are also available to clients of FxPro UK Limited that reside in the UK. I found the Technical Analysis section particularly helpful, with modules covering trend lines, support and resistance levels, channels, and major chart patterns.
Unlike many brokers that started in forex and stayed there, FxPro expanded systematically into multi-asset trading. They were among the first to offer negative balance protection before it became mandatory, and pioneered the No Dealing Desk model in retail trading. The broker now processes billions in daily trading volume while maintaining private ownership under Sukhotin’s leadership. FxPro’s flexibility in deposit and withdrawal methods, coupled with efficient processing times, contributes to its positive rating. However, it’s recommended to review the withdrawal processing times for each method before making a decision.
Also, services for copy trading are not provided, which could benefit less experienced traders who want to replicate the strategies of more successful peers. FxPro is a well-rounded broker that can cater to a wide range of traders, from beginners to market veterans. The intuitive FxPro Trading Platform is ideal for newbies and casual traders who want to get a smooth start in the markets. Meanwhile, the availability of advanced platforms, along with fast order execution and raw spreads, make FxPro a strong choice for experienced day traders, scalpers, and algo traders. As some traders cannot earn or pay interest due to their religious beliefs, FxPro allows clients from certain Muslim countries to open swap-free accounts.
Nine forex pairs feature fixed spread options, useful for news trading or volatile conditions. FxPro offers a variety of unique features and tools aimed at improving traders’ decision-making processes and providing insights into market trends and trading practices. These features include push notifications, which keep traders updated in real-time about market events and news affecting their trading decisions. FxPro’s trading platforms are designed with user-friendliness in mind, ensuring both beginners and experienced traders can navigate and execute trades effortlessly. FxPro has been providing online trading services to clients since 1999 and it xcritically serves 173 countries worldwide.
- The materials provided allow traders to grasp the basics and deepen their trading knowledge.
- Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables.
- Some regulators enforce strict financial standards, while others are more lenient.
- Read the review further and make informed decisions when choosing a broker for your trading.
Is FxPro Safe to Trade With?
- We offer accounts on a range of platforms to facilitate your trading style and preferences.
- FxPro is a well-established broker with a robust 25-year presence in the market, anchored by its headquarters in London, United Kingdom.
- Please note that the jurisdiction under which your FxPro account will be opened depends on the country of residence.
- A ‘Take Profit’ order is used to lock in profits at a specified price, or potentially to limit further losses after a substantial gain.
- I tested the spreads at FxPro during the London open and after the New York open on 27 March 2025.
The recently expanded stock CFD selection to 2,000+ instruments addresses previous limitations in equity exposure across major global exchanges. FxPro excels in trustability and platform offerings, reflecting their focus on providing a secure, multi-faceted trading environment. The lower trading conditions score reflects their higher spread structure compared to discount brokers. FxPro supports the popular MetaTrader platforms – MT4 and MT5 – for desktop trading.
This means that especially during times of high volatility, you may receive a much different price than your specified stop level, which is referred to as ‘Negative Slippage’. For example, a trade of 2.50 lots or lower, would receive the top of the book price (the first row of prices). And for trade size above this, the overall price would be calculated according to the price tiers and volumes available at each. An average of all these prices is then taken, which is the price the order will execute at (the VWAP). Swap is calculated and charged once every weekday, however, to account for weekends, a triple charge will take place on Wednesday for FX & metals, and on Friday for other instruments. A pending order is an instruction to open a position when an instrument reaches a certain price pre-defined by you.
What commissions does FxPro charge?
Considering FxPro as your trading partner comes with unique advantages that set it apart in the competitive world of online trading. With its user-friendly platform, competitive spreads, and a wide array of assets, FxPro offers traders a comprehensive and versatile trading experience. It is very easy to fund your FxPro trading account due to the many available payment options. The broker does not charge any deposit fees, and allows clients to open accounts and deposit funds in different base currencies. The main supported currencies include EUR, USD, GBP, CHF, JPY, PLN, AUD, and ZAR, but customers from certain countries can also set up their accounts in NGN, VND, THB, MYR, or IDR.
FxPro processes most withdrawal requests within 24 hours for e-wallets and card payments. Bank transfers may take longer, typically two to five business days, depending on the bank’s processing time. Spread differences can significantly impact profitability for active traders. The limited educational resources also make FxPro unsuitable for complete beginners.
That said, we could barely find any additional fees that traders may pay outside the spreads and commissions linked to trading with FxPro’s accounts. For starters, opening an account with the broker is completely free, and even if there is no trading activity for more than three months, there will be no inactivity fee charged. Instead, the broker will deactivate your FxPro account, which can be reactivated by contacting the support team of the broker. Enjoy a wide range of trading platforms including MetaTrader 4, MetaTrader 5, cTrader and FxPro Edge. Web-based versions and mobile applications are also available so that you can access the financial markets at any time, anywhere. In conclusion, FxPro stands out as a reputable and reliable broker for traders of all experience levels.