FxPro

UK based broker FxPro is another popular Great Forex Broker that offers online trading services. Founded in Cyprus the company expanded into the other European countries and is regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities & Exchange Commission (CySEC). The broker claims to have clients in more than 150 countries and offices in the UK and Cyprus.

FxPro gives clients the possibility of trading forex, shares, indices, futures, spot metals and spot energies.

Trading Platforms

Trade can be done with the most popular platforms MetaTrader 4 and 5 (MT4 and MT5), cTrader (desktop and web-based), FxPro Markets (web version of cTrader-based) and their mobile versions. Currency pairs and metals can be traded from all platforms but all instruments (including shares) are available on MT4 only.

MetaTrader platforms provide trade with fixed and floating spreads, automated trade with expert advisors, and instant market execution. The web-based cTrade gives information of market depth, no re-quotes trading and algorithmic trading through cAlgo. FxPro Markets allows accounts managing, single tap order execution and instruments volume information.

Account types

  • Standard – it requires a minimum deposit of USD500;
  • Premium – it requires a minimum deposit amount of USD50,000 and offers no transaction fees, dedicated account manager and daily market analysis.

FxPro offers 1:500 maximum leverage applicable in forex trading and this could increase the risk of loss. However, there is negative balance protection and clients cannot lose more money than they have in their account.

Market Maker or STP ?

Although the broker offers No Dealing Desk (NDD) execution and claims there are no re-quoted market orders, the company’s order execution policy shows that FxPro will re-quote ‘instant orders’ if the requested price originally specified by the client is not available. It is also written that during the low liquidity and high volatility, the order will be executed ‘close to or a number of pips away from the client’s requested price’, which means slippage exists. Clients must be aware of the lack of guaranteed stop loss orders. That means customer’s orders are executed at the first available price, especially during important news announcement. This could lead to greater than expected losses.

FxPro doesn’t act as a market maker and forwards client orders directly through to the dealing desks of the institutional dealers where it gets its liquidity from (Straight-Through Processing or STP).

The company’s site provides some trading tools such as forex calculators, economic and earnings calendars and technical analysis.

17 COMMENTS

  1. After having been with FXPRO for about a year now, I can definitely say with confidence they are the best forex broker I have tried yet. I highly recommend them, this broker offers high quality of services and always improve them.

  2. The main advantage of this broker is reliability. They are on the market for a quite long time and I never heard that they didn’t pay something to someone. Perhaps, if evaluate by separate parameters, they will not be the best, but if you evaluate everything in aggregate, I think fxpro is one of the best brokers nowadays. I am completely satisfied with this broker.

  3. I joined them a few months ago and surprisingly satisfied with fxpro services. They offer a lot of trading instruments. Spread is not high. Stable execution without strong slippages or requotes.

  4. Good and round clock support. Really enjoying having business with them: good range of tools, instant depositing/withdrawal, good trading platform.

  5. Just started testing this broker. The registration process was quick, the conditions are written transparently. At first sight, the platform is user-friendly and intuitive.

  6. A good broker! To date, I think the functions are sufficient for me. I am very pleased with them, payments are always on time.

  7. Opened an account in FxPro four months ago and did not regret! I made a good profit for this period of time. They provide a lot of convenient services, modern fast platform, high-quality analytics, and the staff is polite and helpful. Withdraws without any issues and in time.

  8. I’ll right away clutch your rss feed as I can not find your e-mail subscription hyperlink or newsletter service. Do you have any? Kindly allow me recognise so that I may just subscribe. Thanks.

  9. I have been with them for a few years. The conditions are similar to other big companies, but with some advantages. There are no restrictions on the strategies, very comfortable mobile platform, good analysis. All in all, fxpro is a well-balanced broker and the best in my practice.

  10. I don’t have any complaints about their services. Smooth withdrawals and great customer service. I am completely satisfied with this broker.

  11. I’ve had an excellent experience with FxPro right from the start, 5 years ago, till now. Everything works easily and quite well. The customer support is really awesome.

  12. Fxpro is a very professional and reliable broker for professional traders. Very happy with the speed of execution and the pricing. The service is really perfect. They offer very good modern and fast platforms. And they often withdraw the profits. If you are looking for a trustworthy broker, I think Fxpro is the right choice.

  13. I have been trading with FxPro for last year and I’m happy, that I chose them. Trading conditions are very suitable for me. The customer support is fast and very helpful. Trading software is user-friendly, all orders are executed really fast. All transactions are carried out within the terms indicated on their website. I highly recommend FxPro to everyone.

  14. I work with them because it is FCA and CYSEC regulated well-known broker. Over the years with them, I have never had problems with execution, support, or withdrawals. One of the best brokers in Europe.

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