FxPro Review 2023: Detailed Informations

Since it began in 2006, FxPro has handled trades worth more than 455 million.

FxPro Main Highlights

🚀 Minimum deposit:	100$
⚖️ Leverage:	1:500
🛡️ Regulations & Licenses:	CySEC, FSCA, FCA, SCB
💵 Deposits/Withdrawals:	PayPal, Skrill, Neteller, Credit cards
💻 Trading platform:	Trading terminals, MetaTrader 4, MetaTrader 5, CTrader, FxPro edge
🌙 Islamic Account:	Yes
🔗 Main domain:	fxpro.com

A Look at FxPro

FxPro is a reliable and secure trading platform offering users the latest tools, high liquidity, and a range of instruments. It is regulated by the FCA, CySEC, FSCA, and SCB, and provides negative balance protection. FxPro was voted the most trusted Forex broker in the UK by Global Brands Magazine in 2017 and won the Best Forex Provider Award at the Online Money Awards in 2022.

It offers multiple account types for CFDs and spread betting, making it suitable for both novice and experienced traders.

Trading with FxPro is easy to use and can be used by both beginners and experienced traders. They offer trading robots that use technical analysis to help create successful trades.

The platform has a user-friendly interface that makes it easy to access charts, market prices, and more. Additionally, FxPro covers most of the Forex markets, making it ideal for different trade needs.

FxPro Account Types

FxPro offers three different account types to suit different trading needs.

Live trading account

Live trading accounts, also known as retail investor accounts, give you access to more than 400 investments you can trade. With this type of account, you can use up to 30 or 200 times more money than what you have in your account.

You can use MT4, MT5, and cTrader with this account. To open this account, you need to deposit at least $100. This account is best for people who are new to trading.

Professional trading account

The professional trading account is designed for experienced traders. To be eligible for this type of account, traders must pass a test concerning market knowledge. It provides safety from negative balance and offers high leverage of up to 500:1.

VIP account

VIP trading accounts offer features like bigger trading amounts, unrestricted access to VPS, and lower commissions for cTrader platform users. They also provide up to 30% discounts on market spreads.

Top Features of FxPro

Trading assets

FxPro provides a wide range of investment options, including forex, cryptocurrencies, stocks, indices, futures, metals, and other commodities.

This trading platform provides access to more than 430 investment products, as well as CFDs and spread betting, allowing traders to make the most of their trading experience. It offers a range of features, such as a forex calendar, market indicators, and other tools, to help traders quickly and easily implement their trading strategies.

Margin requirements

The margin requirement is not always the same with different brokers. They often update the margin requirement on their website, and traders can also use the FxPro calculator to figure out the requirement by selecting the leverage, currency pair, trade size, and account currency.

FxPro Regulations and Licenses

FxPro Group Limited is the company that oversees all FxPro operations. Depending on where traders live, the regulations and licensing for FxPro’s trading platform may vary.

For example, FxPro Global Markets Ltd operates with the oversight of the Seychelles Financial Services Authority. FxPro Financial Services Ltd is regulated by the Cyprus Securities and Exchange Commission and the Financial Sector Conduct Authority.

FxPro, a UK forex broker, is regulated by the Financial Conduct Authority (FCA). Its Canadian operations are regulated by the Investment Industry Regulatory Organization of Canada (IIROC). Reviews show that FxPro is a secure and well-regulated trading platform.

FxPro Trading Platforms

FxPro provides access to a variety of trading platforms, including the widely used MT4, cTrader, and the latest MT5.

MT4 platform

FxPro’s MetaTrader 4 trading platform is available for both Windows and Mac desktops, and can also be accessed through a web browser.

The platform offers up to nine different timeframes and up to 50 technical indicators depending on the type of account. It also allows traders to implement custom indicators and trading bots. However, there are some restrictions on stop loss and limit orders.

MT5 platform

MT5 is a trading platform for both Windows and Mac computers that can be used in a web browser. It has more features than MetaTrader 4, such as 21 timeframes and multiple order types, and it allows traders to open up to 100 charts simultaneously. This makes it easier for traders to access information on multiple markets at once.

cTrader platform

cTrader is particularly popular among traders due to its lack of restrictions on stop loss and limit orders.

Additionally, it provides in-depth market research and lightning-fast order execution speeds. FxPro also has its own browser-based platform, which features 50 technical indicators, 6 chart types, and up to 15 timeframes. It also allows for custom layout configurations.

FxPro mobile app

FxPro Direct is FxPro’s proprietary mobile trading app, designed to give users the same tools and information as the web version. It is compatible with both Android and iOS devices, making it easy for clients to trade on the go.

Mobile trading is a key feature of FxPro, allowing users to access their preferred markets and customize charts and layouts for a secure and efficient trading experience.

FxPro Deposits & Withdrawals

When using FxPro, you must use the same payment method for both depositing funds and withdrawing them. This applies to methods like PayPal, Skrill, Neteller, and credit cards. If you use a wire transfer, the money will be sent back to the same bank account from which you sent it. There is a 2.6% withdrawal fee for withdrawing funds without trading.

Tools by FxPro

FxPro is an online broker for trading foreign currencies, contracts for difference (CFDs), and spreads. They provide tools and resources for both beginners and experienced traders.

Education tools

The Education section of the FxPro brokerage firm’s website provides materials for both beginners and experienced traders. This includes a library of videos that cover the entire trading process. The goal of this section is to help traders make informed decisions and have a successful trading experience.

Basics

The Basics section is perfect for absolute beginners who want to learn the fundamentals of trading. It contains free online courses that explain key topics in an easy-to-understand manner, with interactive cards and illustrations to help visualize the concepts.

The courses provide a comprehensive understanding of the financial markets and include self-checking tests to help users evaluate their progress. Upon passing the tests, users can even download the study materials for future reference. After completing the courses, visitors can open a demo account by simply creating their FxPro login ID.

Technical analysis

This section is perfect for people who already have a basic understanding of trading. It provides them with more advanced knowledge to help them make profitable trades and come up with better strategies. If you understand the basics of trading, you can use this section to get helpful advice.

Fundamental analysis

The courses in the education section of fundamental analysis can help traders understand how to use the economic calendar, news feeds, and price chart changes to make successful trades.

It also will help them learn when is the best time to open and close their trades to gain the most profit. Timing is a crucial factor for traders, and these courses can help them make the best decisions.

Psychology

Sometimes, even experienced traders may miss out on a potentially profitable trade due to fear of loss. It is important to have a balanced attitude when trading, as this helps traders make decisions without being influenced by emotions. To measure their progress, traders can take online tests.

Tutorials

The video tutorials are meant for traders of all levels. This section is updated regularly to keep traders informed of any relevant market changes. Those who don’t have the time to read the course materials can watch these videos. However, they may not be enough to help professional traders deal with more complicated issues.

Events & webinars

A user account is needed to join FxPro’s webinars and events. After creating an account, you will be given access to FxPro’s YouTube channel.

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