Since then, the company has executed more than 445 million orders and was voted the U.K.’s most trusted forex brand by Global Brands Magazine in 2017. FxProās flexibility in deposit and withdrawal methods, coupled with efficient processing times, contributes to its positive rating. However, itās recommended to review the withdrawal processing times for each method before making a decision.
The FxPro brand holds regulatory licenses in the United Kingdom under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, as well as in South Africa, the Bahamas, and Seychelles. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how scammed by xcritical CFDs work and whether you can afford to take the high risk of losing your money. The availability of different account types and the ease of verification contribute to its positive ranking.
In this section, we delve into FxProās commitment to trustworthiness, regulatory compliance, fraud prevention, and the security of client funds. Today, the company operates in more than 170 countries and has more than 2,188,000 client accounts and ā¬100 million of tier 1 capital. FxPro says it is known throughout the industry as a trustworthy and reliable broker. However, pricing is higher than the industry average at FxPro, and its proprietary FxPro Edge app is a limited platform option that isnāt xcritically available for mobile.
This allows traders to follow market developments on the go in real time. Conditional orders are easy and straightforward to set up with various types on offer. Traders can also specify when the order will expire, providing another degree of control. We also take an in-depth look at each brokerās commissions xcritical website and fees, such as bid/ask spreads ā including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
FxPro Review 2024
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. Due to the availability of MetaTrader, cTrader, and its own proprietary FxPro Edge web platform, traders at FxPro have a diverse selection of platform options that support a variety of trading styles. FxProās primary drawback is its higher-than-average pricing, which just canāt compete with the lowest-cost forex brokers, even on its lowest spreads available via its cTrader platform offering.
- Traders can also specify when the order will expire, providing another degree of control.
- FxPro’s pricing is higher than the industry average, putting it at a disadvantage compared to industry peers like Pepperstone or IC Markets, who both also offer the full MetaTrader and cTrader suites.
- These measures demonstrate FxProās commitment to effectively supporting traders.
- To enhance security and transparency, FxPro ensures fund segregation, keeping client funds separate from operational funds.
Elevating Your Trading Experience
Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
They also offer some basic daily fundamental research and work with Trading Central to offer technical analysis. Two areas where FxPro has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering. These tools seem to be available even for traders who do not have an account with FxPro. FxPro offers a range of account types tailored to cater to the diverse needs of traders, ensuring accessibility and flexibility in trading. FxPro offers a diverse range of account types to cater to various trader needs. They provide a demo account for risk-free practice and strategy refinement.
App support
FxPro does not seem to offer any discounts for higher-volume traders on the couple commission types it does charge. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. FxPro provides numerous options for algorithmic trading, including platforms and execution methods which allow it to cater well to the needs of active traders that use automated trading systems. As a result, FxPro earned Best in Class honors for Algo Trading and MetaTrader in our 2024 Annual Awards. FxPro is a well-capitalized, trustworthy broker that offers multiple platform options, multiple trade execution methods, and can cleanly execute large orders for professional traders. FxProās trading platforms are designed with user-friendliness in mind, ensuring both beginners and experienced traders can navigate and execute trades effortlessly.
Compare FxPro Competitors
Moreover, FxPro offers instrument-specific insights, which offer a deeper understanding of factors influencing the price movements of different assets. Additionally, traders can access comparative analysis of user trading behaviors to gauge market sentiment and make more informed decisions. FxPro supports the popular MetaTrader platforms ā MT4 and MT5 ā for desktop trading. These platforms offer advanced charting, technical analysis tools, automated trading capabilities, and access to a wide range of trading instruments. Unlike other brokers, FxPro offers streaming mobile news with major news headlines that can impact markets.