FxPro Review 2024 (Expert Review)
FxPro Review Summary
FxPro is a highly regarded online brokerage firm. Its services are designed for both new and seasoned investors. The company's website is user-friendly and offers a range of trading tools. Customers can choose from a variety of platforms, including MetaTrader 5. Those who use professional trading accounts are able to obtain greater leverage and access to advanced charting tools. The firm also recommends that traders protect their personal information by not sharing it with others and to never give out their password to a stranger. The firm uses secure direct-portals for all of its transactions.
FxPro review
FxPro Platform Features
๐บ๏ธ Country of regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
๐ฐ Trading fees | No |
๐ฐ Inactivity fee | Yes |
๐ฐ Withdrawal fee | No |
๐ฐ Minimum deposit | 100 |
๐ Time to open a FxPro account | 1-3 Days. *A FxPro demo account can be opened in a few minutes, but live FxPro trading account creation times will vary depending on how long it takes to process your FxPro KYC documents. |
๐ณ Wire Transfer | Yes |
๐ Depositing with electronic wallet | Yes |
๐ฑ Number of base currencies supported | 8 |
๐ฎ Demo account provided | Yes |
๐๏ธ Financial Instruments offered | Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, |
FxPro review
FxPro Financial Regulation
FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB).
FxPro review
FxPro Pros And Cons
Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using FxPro include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using FxPro can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.
FxPro review
FxPro Advantages
One of the main advantages of using FxPro is around the clock service and support as well as research offerings. Not only this, but FxPro has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of FxPro with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with FxPro makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. FxPro offers stock quotes and trade information, making it easy for users to view how their investments are doing.
- FxPro has been in business over 10 years.
- FxPro offers Stock Trading.
- FxPro offers Cryptocurrency Trading (Availability subject to regulation).
- FxPro offers PayPal as a payment method.
- FxPro offers Neteller as a payment method.
- FxPro offers Skrill as a payment method.
- FxProoffers Islamic Accounts.
- FxPro offers Bitcoin Trading.
- FxPro offers a Apple Mac desktop trading platform.
- FxPro offers Spread Betting.
- FxPro offers Hedging.
- FxPro offers Scalping.
FxPro review
FxPro Disadvantages
Although FxPro has a lot of good points FxPro does not offer the below.
- FxPro does not offer ECN trading (See FxPro alternatives who offer ECN trading here)
- FxPro does not offer the MetaTrader 4 platform (See FxPro alternatives who offer the MetaTrader 4 platform here)
- FxPro does not offer the MetaTrader 5 platform (See FxPro alternatives who offer the MetaTrader 5 platform here)
- FxPro does not offer the cTrader platform (See FxPro alternatives who offer the cTrader platform here)
Risk Warning: 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider.
FxPro review
Things to understand when trading with FxPro
Trading with FxPro involves risk. You should only risk capital with FxPro that you can afford to lose. Understand your risk tolerance with FxPro, and have a trading strategy that FxPro is able to help you execute. FxPro is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments FxPro give you access too.
FxPro review
FxPro Trading Fees
Trading fees on FxPro are taken in the form of the spreads FxPro offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on FxPro. FxPro fees vary depending on the financial instruments traded and can include, FxPro overnight funding fees, spreads, margins and FxPro inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your FxPro account charged by your 3rd party payment provider if your FxPro base currency is different from your FxPro withdrawal method.
Name | FxPro | IC Markets | Roboforex |
Account Fees | No | No | No |
Withdrawal Fees | No | No | Yes |
Deposit Fees | No | No | |
Inactivity Fee | Yes | No | No |
riskwarning | Try Now 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
FxPro review
FxPro Financial Instrument Fees
FxPro fees for Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, are listed below.
FxPro review
FxPro Stock Trading Fees
The majority of FxPro trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A FxPro stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.
FxPro review
FxPro Forex Fees
Commission on FxPro Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for FxPro Forex fees is based on their trade size. To calculate FxPro Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.
FxPro review
FxPro Cryptocurrency Fees
Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. FxPro cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. FxPro cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).
FxPro review
FxPro Non Trading Fees
FxPro non-trading fees include a variety of FxPro brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the FxPro trading platform. The most common non-trading fees include FxPro withdrawal fees, FxPro deposit fees and FxPro inactivity fees.
FxPro review
FxPro Deposit Fees
FxPro does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, FxPro does not do this.
FxPro review
FxPro Inactivity Fees
FxPro does charge clients an inactivity fees for dormant FxPro trading accounts. A FxPro inactivity fee is a sum charged on FxPro brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.
FxPro review
FxPro Withdrawal Fees
FxPro does not charge withdrawal fees. Withdrawals fees vary between FxPro and FxPro alternatives depending on where you are located and how much money you are withdrawing.
FxPro review
FxPro Account Fees
FxPro does not charge account fees. Account fees charged differ between FxPro and other brokers. An account is a fee that FxPro and other brokers assesses on all accounts for the ability to keep an account on their platform.
FxPro review
FxPro Account Opening
The FxPro account registration process is simple, user-friendly, and quick. Within 1-3 Days most FxPro trading accounts are ready for live trades. Our FxPro account was validated in 1 day, but live FxPro trading account verification times will vary depending on the time it takes to process your KYC documents and FxPro trading account application. A FxPro demo account can be opened in a few minutes.
FxPro trading accounts are available in over 192 countries. FxPro is restricted in the following countries.
Apart from the restricted countries a FxPro trading account can be opened globally.
The FxPro trading platform is available for residents in US. Some financial instruments FxPro offer may be restricted in your country.
- Fast FxPro account opening.
- FxPro accounts can be opened and KYC can be verified digitally.
- FxPro minimum deposit is 100 USD / GBP / EURO.
- FxPro trading account verification may be held up for longer than a day if there is an issue with verifying your account.
FxPro review
FxPro Deposit And Withdrawal
FxPro Account Base Currencies
A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.
USD, GBP, EUR, CHF, JPY, AUD, PLN, ZAR are supported by FxPro as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.
FxPro offers the following account USD, GBP, EUR, CHF, JPY, AUD, PLN, ZAR.
When trading make sure your FxPro trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. FxPro has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.
Name | FxPro | IC Markets | Roboforex |
Number Of Currencies | 8 | 10 | 4 |
Base Currencies | USD, GBP, EUR, CHF, JPY, AUD, PLN, ZAR | USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD | USD, EUR, XAU |
riskwarning | Try Now 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
FxPro review
FxPro Deposit Fees and Deposit Methods
Investors can log in to their FxPro trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their FxPro trading accounts from an existing bank account or send the funds through a wire transfer or online check.
FxPro Deposit Fees
Making a deposit on your FxPro account is free.
FxPro Deposit Methods
There are several methods through which you can deposit money into your FxPro account. One can use a credit or debit card and FxPro accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your FxPro account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your FxPro account. Funding methods for FxPro include Bank, Wire Transfers, Credit cards, Debit Cards, Visa, Maestro, MasterCard, American Express, eWallets, PayPal, Skrill, Neteller, UnionPay.
FxPro review
FxPro Withdrawal Fees and Withdrawal Methods
You can withdraw cash from your FxPro brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open FxPro positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your FxPro account.
Name | FxPro | IC Markets | Roboforex |
Funding Methods | Bank, Wire Transfers, Credit cards, Debit Cards, Visa, Maestro, MasterCard, American Express, eWallets, PayPal, Skrill, Neteller, UnionPay | Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking, | Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer, |
Withdrawal Fee | No | No | Yes |
Deposit Fee | No | Varies | No |
riskwarning | Try Now 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
FxPro Fees When Withdrawing Your Account Balance
FxPro do not charge withdrawal fees. Some withdrawal fees are out of the control of FxPro and may be due to 3rd party payment providers and your account base currency.
FxPro Withdrawal Methods
Log into your FxPro trading account, which is connected to your bank account. Go to the section that says โfundsโ or โaccountsโ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your FxPro account to your bank account. To withdraw money from your FxPro account you can use credit or debit cards. FxPro processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as FxPro processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.
FxPro review
FxPro Trading Platforms
As there are a number of tradable financial instruments available on the FxPro trading platform. Before investing in the FxPro platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The FxPro platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. FxPro offer livechat, phone, and email support.
If you struggle with technology, you need to consider the level of support on FxPro is available. Another thing to consider is your financial goals. Make sure that a FxPro account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.
There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a FxPro account. Ensure that FxPro allows you to focus on the type of trading that you want to focus on.
Make sure FxPro is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using FxPro, think about how easy it is to use for your personal needs. Does the FxPro platform offer real-time updates or delayed updates that are more informed? Remember to check if FxPro is well regulated, and what tradeable financial instruments FxPro has. Security is very important when it comes to trading with FxPro.
FxPro Web Trading Platform
A FxPro web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through FxPro which acts as a financial intermediary. FxPro is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.
Mobile Trading Platform
Both Android and iOS devices are supported by the FxPro mobile trading platform.
FxPro Apple IOS Trading Platform
A FxPro iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.
FxPro Google Play Android Trading Platform
A FxPro Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.
FxPro review
FxPro Mobile Trading User Experience
FxPro mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. FxPro mobile trading refers to trading using a mobile phone.
Leading brokerages like FxPro offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire FxPro portfolio. All an investor needs is a Web-enabled smartphone and a trading account with FxPro. Once you have download the FxPro trading app, you are ready to begin.
FxPro review
FxPro Desktop Computer Trading Platform
A FxPro computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The FxPro desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The FxPro desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.
FxPro MetaTrader 4
MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.
FxPro MetaTrader 5
MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.
FxPro cTrader
cTrader is a trading platform allowing CFD and currency pair trading. cTrader offers advanced technical analysis charting tools and very fast market order execution. cTrader is available on multiple devices. cTrader offers more complex configurable trading tools for more advanced traders.
FxPro PC Trading Platform
One needs a computer with high performing hardware if their plan is to be a full time trader using FxPro. A trading computer with access to a FxPro PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.
FxPro Apple Mac Trading Platform
Apple Macs and MacBooks can easily handle the most important requirements when using the FxPro trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the FxPro trading platform is very user friendly on a Mac device.
FxPro review
FxPro Trading Look And Feel
The FxPro user interface (UI) is what FxPro traders will see and interact with first when trading with the FxPro trading platform. The FxPro is well designed. The goal of the FxPro trading UI is to make the FxPro user's experience intuitive. The FxPro application has good user experience and a good level of customer satisfaction.
FxPro Security
FxPro is a secure trading platform. FxPro offers traders security via 2 factor authentication, SSL encription when trading with FxPro. FxPro trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with FxPro. Rate limitation on FxPro suspicious account activities is another layer of protection that is provided for FxPro trading accounts, for example multiple failed login attempts with FxPro. You have the option to further safeguard your account by using FxPro Two-Factor Authentication (2FA), which provides an extra layer of security.
The FxPro trading infrastructure is constantly watched and guarded by a trained team at FxPro In addition, FxPro never send sensitive information without first encrypting on the FxPro trading platform using transport layer security (TLS) and SSL.
FxPro review
Placing A Buy Or Sell Order On FxPro
Available FxPro order types. # market, limit, stop, stop limit, Good until end of day / canceled.
FxPro Market Order
A FxPro market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. FxPro market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. FxPro market orders are popular as they are a fast and reliable method of either entering or exiting a trade.
FxPro Limit Order
A FxPro limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.
FxPro Stop Order
A FxPro stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
FxPro Stop Limit Order
A FxPro stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The FxPro stop-limit order triggers a limit order when a stock price hits the stop level. A FxPro stop-limit order can be helpful when trading if you are unable to watch your trades all day.
FxPro review
FxPro Alerts And Notifications
Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.
FxPro review
FxPro Trading Platform Features
Online trading platforms like FxPro are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with FxPro. The FxPro trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using FxPro.
FxPro Margin Trading
FxPro margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, FxPro margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.
FxPro review
FxPro Account Types
FxPro Demo Account
FxPro offers demo accounts that gives traders the ability to purchase and sell FxPro financial instruments in a practice environment, using fake FxPro digital money and live market conditions and data. When you practise on a FxPro demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the FxPro platform. FxPro demo accounts allow you to experience and practice a variety of market charts, FxPro trading indicators, and trading strategies using FxPro.
FxPro Standard Account
FxPro offers a standard trading account, allowing FxPro traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich FxPro trading platform.
FxPro Islamic Accounts
FxPro islamic accounts respect Islamic finance law. FxPro swap free accounts do not accumilate interest and FxPro transactions are actioned immediately. A FxPro Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using FxPro following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with FxPro Islamic accounts do not pay or receive interest rates.
FxPro review
FxPro Tradable Financial Instruments
FxPro tradable financial instruments are the financial instruments that are specifically available to trade on the FxPro trading platform. This refers to the different types of financial markets you can trade with through FxPro. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on FxPro.
Name | FxPro | IC Markets | Roboforex |
CFD Trading | Yes | Yes | Yes |
Stock Markets | 1700 | 2100 | 53 |
ETFs | No | No | |
Fractional Shares | No | Yes | |
Cryptocurrencies | Yes | Yes | No |
riskwarning | Try Now 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
FxPro review
FxPro Trading Stocks
Stock trading with FxPro is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with FxPro; if you possess the stock on FxPro, you own a piece of the corporation and may be entitled to voting rights where applicable.
Stock trading on FxPro involves purchasing and selling stocks and share using FxPro periodically in order to time trades against the stock markets, with the aim of using FxPro to profit from your stock trading. FxPro stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on FxPro. Stock traders on FxPro conduct significant study, frequently dedicating several hours every day to market monitoring using FxPro trading tools.
FxPro review
FxPro Trading ETFs
What Are ETFs
FxPro does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.
What Are Fractional Shares
FxPro does not offer fractional share trading.
Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.
FxPro review
FxPro Trading Cryptocurrencies
FxPro offers cryptocurrency trading.
Cryptocurrency trading can be conducted using FxPro to buy and sell the cryptocurrency financial instruments on FxPro. Cryptocurrency trading can also be done using a cryptocurency CFD FxPro trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using FxPro. A CFD is a high risk leveraged trade between the trader and the FxPro brokerage. No underlying assets are exchanged with a FxPro CFD contract, it is purely speculation on the crypto financial instruments price movements with FxPro. FxPro CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if FxPro CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.
The volatility of cryptocurrencies is the biggest source of risk when trading them with FxPro. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with FxPro.
Cryptocurrency trading is not offered by FxPro, so you will need to find a FxPro alternative that allows you to buy and sell the underlying cryptocurrency assets. FxPro CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a FxPro alternative and make sure you undertand the risks fully before trading.
FxPro review
FxPro Forex Trading
Forex trading with FxPro is a method through which to invest money which involves trading one currency for another in a Forex currency pair with FxPro. The main aim of FxPro Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with FxPro. As a FxPro Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like FxPro. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like FxPro. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on FxPro.
FxPro review
FxPro Commodities Trading
Commodity trading is a type of trading available on FxPro where individuals or businesses buy and sell financial instruments using FxPro related to commodities, such as metals or oil.
FxPro review
FxPro Options Trading
FxPro options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. FxPro option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.
FxPro review
FxPro Futures Trading
Futures trading with FxPro is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using FxPro to facilitate the trade. A FxPro futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on FxPro. Typically, futures contracts are traded on an exchange such as FxPro; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling FxPro trader to the contract agrees to provide it.
FxPro review
FxPro Bonds Trading
Bonds trading on FxPro is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the FxPro trader. Bonds can be bought and sold on FxPro after they are issued. While some bonds are traded publicly through FxPro, most trade over-the-counter between large broker-dealers like FxPro acting on their clients' or their own behalf. Yield is therefore based on the FxPro purchase price of the bond as well as the coupon.
FxPro CFD Trading
A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.
Name | FxPro | IC Markets | Roboforex |
Forex CFD | 70 | 61 | 35 |
Index CFD | 19 | 25 | 30 |
Stock CFD | 1,700 | 110 | 8400 |
ETF CFD | 30 | 50 | |
Commodity CFD | 30 | 20 | 20 |
Crypto CFD | Yes | Yes | No |
riskwarning | Try Now 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
FxPro review
FxPro Trading Research Tools
Taking advantage of FxPro trading research tools which are designed to help traders analyse potential investments using the FxPro trading platform. Some FxPro research tools include charts, technical analysis, and FxPro trading indicators.
FxPro Trading News
Traders can follow the markets and make wise investment decisions on FxPro by using the news to help form a strategy when it comes to choosing investments. A FxPro news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.
FxPro Economic Calendar
An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A FxPro economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.
FxPro Fundamental Data On Financial Instruments & Companies
Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. FxPro fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.
FxPro Charting
Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on FxPro are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.
FxPro portfolios
Trading portfolios are useful when trading with FxPro.
A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.
A FxPro trading portfolio is a traders collection of investments, which may include a variety of FxPro financial instruments.
FxPro review
FxPro Payment Methods
A FxPro payment method is required to fund your FxPro trading account before placing a buy or sell order on a financial instrument.
When trading with FxPro, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that FxPro do not have any control over.
Name | FxPro | IC Markets | Roboforex |
Payment Methods | Credit Card, Neteller, PayPal, Skrill, UnionPay, Wire Transfer | BPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex Money | ADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money |
riskwarning | Try Now 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Try Now Losses can exceed deposits | Try Now Losses can exceed deposits |
FxPro review
FxPro Withdrawl Methods
When trading with FxPro at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your FxPro account balance. FxPro may have minimum withdrawal limits that you will need to check before withdrawing.
You may be charged a currency conversion fee by your withdrawal method if you withdraw your FxPro account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.
FxPro Withdrawals Times
The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your FxPro account.
Withdrawal requests can take up to three business days to be processed by FxPro.
You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.
If you're having a withdrawal transferred to your digital wallet account, your FxPro should arrive in less than 24 hours.
FxPro review
FxPro Customer Support
Customer support represents the resources within the FxPro company that provides technical assistance to its customers after they use the FxPro service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.
FxPro offer email, livechat, phone, customer support.
FxPro Email Support
FxPro offers email support.
Email support is a a convenient method of FxPro customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from FxPro regarding your support request.
FxPro Livechat Support
FxPro offers livechat support.
FxPro live chat support is a way for customers to obtain help from FxPro through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.
FxPro Telephone Support
FxPro offers telephone support.
FxPro telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the FxPro call centre to give or take information.
FxPro Average Support Response times
Contact Method | Average Response Time |
---|---|
FxPro Live Chat | 4 minutes |
FxPro Email | 6 hours |
FxPro Phone | 5 minutes |
We tested the customer service response times of FxPro on Monday, November 18, 2024.
FxPro review
FxPro Educational Resources
FxPro educational resources are used throughout the FxPro learning environment to help and assist with customer's development and learning of trading on FxPro. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using FxPro trading tools. Educational resources like some of the resources available with FxPro are a good as part of a wider set of educational guides and information from else where online.
Some of the FxPro trading guides and information that we found useful included forex trading courses, market psychology webinars, platform tutorials, daily news.
FxPro Trading Platform Tutorials
FxPro offer a range of learning resources and tutorials and guides made available to registered FxPro users. The FxPro guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate FxPro users on basic trading principles.
FxPro Trading Videos
FxPro offer a selection of online trading videos.
Trading videos on FxPro help new and even more experienced investors gain insights into FxPro technical analysis tools and how the different financial markets work when trading on FxPro.
FxPro trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some FxPro training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using FxPro to trade live financial markets.
FxPro Webinars
FxPro offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of FxPro clients who participate by asking questions, replying to polls, and using other interactive technologies available on the FxPro trading platform.
FxPro review
FxPro Financial Regulation When Trading
Financial regulations on FxPro protect consumers' investments. Regulations prevent financial fraud and limit the risks that FxPro as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. FxPro financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.
Is FxPro Regulated?
FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB).
FxPro is licensed by financial regulators in certain jurisdictions. You can find out if brokers like FxPro are licensed in your country, if they have had run-ins with regulators, or received serious complaints from FxPro investors, directly with financial regulators in your country.
FxPro Regulatory Protection Limits
When registering with FxPro you must check with regulatory body your FxPro trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your FxPro account is over seen by. FxPro client funds are stored in segregated 3rd party bank account in accordance with FxPro financial regulators.
Client country | Investor protection amount | Regulator |
---|---|---|
United Kingdom | ยฃ85,000 | Financial Conduct Authority (FCA) |
EU Investor Compensation Scheme | max โฌ50,000 | Directive of The European Parliament and European Commission |
Other countries | 90% of your funds, max โฌ20,000 | Bulgarian Financial Supervision Commission (FSC) |
FxPro Trading Signals
FxPro offers trading signals to FxPro clients.FxPro trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A FxPro trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the FxPro trader to then decide whether or not to act on the signal.
Make sure you understand the risks of trading signals.
How does FxPro make money?
Because FxPro acts as an intermediary, FxPro gets compensated on buy and sell transactions of financial instruments. As a result, FxPro profit is determined by the volume and number of transactions. FxPro earns revenue to fund their FxPro platforms and wide range of trading services through market spreads.
Can you buy shares on FxPro?
FxPro provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. FxPro offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and FxPro on the speculative up or down price movement on an agreed stocks price movement.
Does FxPro offer Cryptocurrency?
FxPro does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.
FxPro Lower fees, lower costs?
FxPro have reasonable trading fees and costs. FxPro may charge a deposit fee. FxPro may charge a withdrawal fee. Some withdrawal fees are out of the control of FxPro and may be due to 3rd party payment providers and your account base currency.
What about the minimum deposit?
FxPro minimum deposit is 100 USD / GBP / EUR.
How to start your FxPro account?
You can sign up for a live or demo FxPro trading account by visiting FxPro and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an FxPro account here.
How's the FxPro trading app?
FxPro allow traders to trade financial markets on iOS, Android and Windows supported mobile devices.
You can tryout the FxPro trading app here. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Is the quality of FxPro customer service satisfactory?
FxPro have average customer support offering support through email, livechat, phone, support options.
Is this broker good for new traders?
FxPro is a good trading platform for new traders as FxPro offer a good range of educational resources, good support options as well as a demo account.
How do you withdraw money from FxPro?
FxPro offer a good selection of withdrawal options. Once FxPro have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.
Best FxPro Alternatives Reviews
If FxPro isnt quite what you are looking for you can check out some of the best FxPro alternatives below.
- IC Markets Review (read our in depth 2024 review)
- Roboforex Review (read our in depth 2024 review)
- AvaTrade Review (read our in depth 2024 review)
Best FxPro Alternatives In Detail
If you would like to see FxPro compared agains some of the best FxPro alternatives available right now you can do so by clicking on the links below.
- IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
- Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
- AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)