Is FxPro a Scam? Reviews

Starting to trade with FxPro, you will first need to open an account and deposit funds. The process is simple and can be done entirely online. Once your account has been approved, you can then make a deposit using one of the many methods available.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. This tool contains the dates, times, currencies, events and analysts’ consensus on the percentage impact of the events on the corresponding currencies.

FxPro Account Opening Process

Broker FxPro has been working for a long time and has a whole army of traders. I believed in this company many years ago and opened an account here, but only after a while I realized the value. FxPro withdraws money quickly and without any problems.

It is a well-established brand, but it is not listed on any https://traderoom.info/ and does not disclose financial information. FxPro occasionally offers forex webinars, but we couldn’t find any upcoming ones at the time of our review. You can change leverage levels, which is great. Changing leverage is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as the preset leverage levels may be too high. At FxPro you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices.

This section also helps users garner knowledge on opening and closing trade positions at the right time. And, this is of utmost importance as timing is very important to ensure profits. Traders can customize FxPro Edge to meet their trading needs as it has a simple widget-based UI. This platform enables a trader to trade directly from the ticker and chart offerings.

Today, the company operates in more than 170 countries and has more than 2,188,000 client accounts and €100 million of tier 1 capital. FxPro says it is known throughout the industry as a trustworthy and reliable broker. It is regulated by the FCA, CySEC, FSCA, and SCB. To trade on FxPro, you need to open a live trading account. Visit the website of Fxpro at and click on the ‘Open Trading Account’ or ‘Register’ button. FxPro is a good broker because they are regulated in multiple jurisdictions by Tier 1 and Tier 2 financial regulators.

Supported Platforms for FxPro

In fact, it’s something I sincerely cherish in FxPro broker. This is definitely not my first broker, so I know the limbo around here. It may not be my last broker as well, because I want to change things often. But It looks like I can trade here for quite some time, since broker supports so many features. I want to discover the most of it so we’ll see.

• On this platform allows you to use the Built-in Economic Calendar and Unpinning of charts.
• Withdrawals will be done via the FxPro Wallet, a personal risk management tool that works as a central account.
• This range of tradable products is large enough for traders to never run out of investing ideas.

To be honest, I don’t understand everything first time. I am aware of my problem, and that is why I appreciate companies that are patient with their customers. I cannot say much about discounts right now as I have not been part of any but I know that there are certain account types that come with the VPS free of charge. That is something you might want to take a look at. I recommend searching the official site for information about it.

Is FxPro regulated?

A comprehensive suite of automated trading solutions, called EA in the MetaTrader universe, are also available with countless more being created. When it comes to online Forex trading, MT4 has established itself as the market leader and with available additions it can indeed become a powerful gateway to financial markets. FxPro appears to be a true NDD which offers excellent market access to all types of traders. According to the latest data available for 2020, 80.48% of trades were executed at quote price, 9.60% experienced positive slippage and 9.93% negative slippage. 98.86% of trades were executed without a re-quote, 0.54% with a positive re-quote and 0.60% with a negative re-quote.

These trading costs are lower than those found on other accounts but are still higher than other similar brokers. Trading is offered on Forex, metals, indices, and energies. A lot of brokers out there are just offering basic MetaTrader programs.

MT4 trading platform

If you’re trading Forex, spot indices, shares, spot energies, and spot metals Edge will surely give you an edge (pun intended…) when it comes to prices and order execution speed. Like all FxPro accounts, the Edge account has no commissions and super low prices all-around, so it is probably worth keeping an eye out for as it goes through further development. Truly laudable customer support, which ticks all the boxes. Been trading with FxPro for around a year and overall would say my experience with them is quite positive. But it’s worth noting that it’s really very rare here, and it can happen purely for objective reasons.

If the clients’ accounts have any other currency, an equivalent fee of $45 for that currency applies. Clients incur commission charges whenever they open or close trade positions. Simply put, this section offers free online basic forex courses where most of the key topics are explained in simple terms with the aid of interactive cards.

Deposits and Withdrawals

For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. FxPro has an educational page providing beginners with content to learn about trading, CFDs, finance, and other topics relevant to the company’s offerings. FxPro also has an advanced education section for those who already know the basics. For more content, their YouTube channel also has a short educational playlist. FxPro also provides a glossary of CFD terms, which is not something every broker provides.

So altogether $6000 USDT I fxpro broker reviewed at the end of the trade the advisor said I made a mistake and I have to deposited $5000 USDT more to finish the trade. Now they scammed me all my money and I can’t withdraw any. There is always a bit of frustration when you start trading with a broker, because something is always missing. In the case of this broker, it really is not. You can simply find like 5 brokers’ features under the roof of a single platform. Many traders trade here and I read mostly good reviews aout it.

Charting via the MT4 app has 9 timeframes, 30 technical indicators, 24 drawing tools and 3 chart types. The FxPro Direct app is available for iOS and Android and allows users to manage their accounts, deposit/withdraw funds, contact live support and trade. The app has a minimalistic, user-friendly interface.

Overall we rated this as a good albeit basic app, which is well suited to beginners and casual traders. Overall, we rated Edge as a great platform that is suitable for beginners and can cater to the needs of most traders. Charting on the Edge platform is robust with a wide range of chart types, time frames, indicators and drawing tools.

Here, trades are done quickly, spreads are tight, and the tools for manual trading are great. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. Each one of these is graded, and an overall score is calculated and assigned to the broker.

• The MetaTrader Web Platform is a slightly stripped down version of the desktop platform.
• But i’m up to switch my style a little bit and now trying to trade via mobile.
• The best conditions I’ve seen so far, amazing customer support.
• FxPro welcomes all with open arms and teaches them all that they need to know about trading.
• Trading here has been literally life-changing.

Thus if you want to apply algo trading you can choose another platform to do so. Concluding the FxPro review, we admit a safe broker to trade with reliable trading solutions. FxPro provides expanded trading strategies and a certain way of dealing with markets and traders that gained a reliable and respected reputation.

FxPro offers the choice of Metatrader MT4 and MT5 platforms as well as cTrader. All trading platforms are available as desktop versions for PC and Mac as well as mobile apps and as WebTrader. Brokerage is good, it works really nice, offering strict regulations, Trading central analysis and a lot of assets. Yes, spreads are higher, but, to be fair, I understand what I’m paying for.

In general, as for me, the main advantage of this broker is a good balance between price and quality. Overall, quite a good broker due to low spreads and diverse offerings. The execution also good without strong slippages or requotes.