Introduction and Comments

Website: https://www.fxpro.com/

FxPro was established in 2006 as a global CFD and forex broker. It is a no-dealing desk interventionbroker with over 445 million clients’ orders being executed.

Clients have the option to perform their trades using the award-winning MetaTrader4 and MetaTrader5 platforms, or they can take advantage of the newer cTrader platform, which is also gaining popularity among traders from around the world. Finally, spread betting clients can take advantage of the newest offering from FxPro, which is the FxPro Edge platform. The innovative web-based platform allows traders to take advantage of tax-free spread betting with no commissions and tight spreads.Spread betting only for UK clients.

FxPro has a fairly long history, being established in 2006 and growing rapidly since. The broker now services both retail and institutional clients from over 170 different countries. It is a safe broker, with licenses from four different regulators, and tier-1 capital in excess of €100 million.

Traders have the ability to trade 6 different asset classes. The trading platforms ensure rapid execution, and re-quotes on less than 1% of all trades. That aside, FxPro does have a disclaimer that:

• 78.87% for UK (FxPro UK Limited)
• 79.27% for Europe (FxPro Financial Services Ltd)
• 84.69% for Global (FxPro Global Markets Ltd)

of its clients lose money when trading forex and CFD products.

Quick Look at FxPro

As part of the research process to write this review, we set up a demo account with FxPro and a

As part of the research process to write this review, we set up a demo account with FxPro and accessed their website and their mobile trading platform. The process of opening a demo account was straight-forward and quick.

Rather than look at the MetaTrader4 /5 platforms, which have been widely reviewed, we decided to test the cTrader platform. The cTrader platform offers smaller spreads starting at just 0.2 pips average for the EUR/USD pairing but charges a commission of $4.50 per 1 lot traded.

The cTrader platform has a professional display and clear interface. It is intuitive and user friendly making it easy for beginner traders to navigate.

Placing orders was a breeze, and so was adding analysis tools to the charts. This makes the platform suitable for both new and experienced traders.

Other features we liked in the cTrader platform was the addition of live chat, the ability to set alerts, the option to turn one-click trading on and off and the extensive customisations that are available to traders.

FxPro Regulations & Licenses

FxPro Account types

FxPro has competitive spreads and costs, and compare favourably with most other brokers. They also pride themselves in avoiding re-quotes in most cases. In 2020 there were requotes on just 1.14% of all orders, and 0.54% of those were positive requotes.

The minimum deposit to trade with is $100 for all accounts/platforms. Clients will not be charged any fees for deposit, although the client’s bank or credit card company may assess their own fees.

Spreads are variable and average spreads for the EUR/USD pair are 0.3 pips on the cTrader platform, 1.44 pips on the MetaTrader5 platform, and 1.44 pips (market execution) or 1.64 pips (instant execution) on the MetaTrader4 platform.

Commissions are only charged for FX pairs and spot metals on the cTrader platform. The commission charges are $45 per $1 million traded.

FxPro also charges swap/rollover charges on positions held overnight. It is possible to receive a swap credit as well. Swap charges are automatically debited/credited at 21:59 GMT on Monday-Thursday. On Friday the swap/rollover is charged three times to account for the weekend. It is possible to open a swap free account at, however these accounts incur commission charges.

Deposits & Withdrawals

FxPro accepts deposits via wire transfer, credit cards (Visa, Maestro, MasterCard) or through eWallets such as PayPal, Skrill, Neteller or UnionPay, and there are no fees for any deposits being made. Deposits must come from accounts that are in the same name as the FxPro account holder’s name. Credit card deposits are credited within 10 minutes; however bank deposits can take far longer based on bank transfer times.

FxPro does not charge any fees/commission on deposits/withdrawals, however a fee will be applied for withdrawal from E-wallets if the client has not traded.

Withdrawals are also done via bank transfer or credit card and no third-party transfers are allowed. Both bank transfers and credit card withdrawals require 1 day for processing. There are no fees charged for any withdrawals.

*Bank transfers fees may apply depending on the bank involved.

The FxPro Wallet is an alternative offered that allows clients to keep funds available for trading but segregated from the trading account. Clients may also keep multiple currencies in the FxPro Wallet and then fund multiple trading accounts in various currencies.

FxPro Trading Platforms

FxPro offers four different trading platforms to clients. The MetaTrader4, MetaTrader5, cTrader and the FxPro Platform (EDGE) are all used for CFD trading, while the FxPro Edge platform also offers spread betting to UK clients, giving traders tax-free access to the markets. All of the platforms have mobile versions, web-based versions, and downloadable desktop versions.

cTrader

cTrader has more advanced features than the MetaTrader platforms, giving clients plenty of analysis capabilities, but a more streamlined and modern display. It's also highly customisable, giving traders the option to rearrange modules, conduct analysis, and change the look and feel of charts.

cTrader also adds several features such as the FXStreet Economic Calendar, which gives clients real-time information about global economic events and indicators. It also includes the powerful Autochartist Market Analysis tool, which can help identify potential trading opportunities.

The cTrader platform was developed for efficient trade execution, and it delivers that with lower spreads and blazing fast execution speeds.

Assets Available

With a large number of assets across 6 different asset classes, clients can access over 2100 forex pairs, and over 2100+ different assets in total. In general traders are going to find that all the popular assets are available from FxPro.

Notification and Alerts

All of the FxPro platforms offer alerts and notifications based on price levels. In addition, clients of FxPro can access the Trading Central platform, which has been providing market analysis since 1999. It’s typically a paid service, but is available free of charge to FxPro clients. The system analyzes support and resistance levels, gives short and long-term trading signals and forecasts price movements in thousands of assets.

Key benefits of Trading Central:

Reduction of any trader’s day to day burden of analysing large amounts of data, due to automatic level-building and trend detection;

• Hundreds of intraday trading ideas for various tools that are difficult to manage manually;
• Long-term forecasts for pivot levels directly within the MetaTrader4 / MetaTrader5 platforms.
• Opportunity to spot an idea from several indicators simultaneously.
• Automatic detection of Japanese candlestick patterns.

Trading Tools and Analysis

Clients also get access to professional level market analysis through the free Trading Central account provided funded clients. Trading Central uses both automated price analysis and professional market analysts to provide some of the most accurate and up-to-date forecasts available. Trading Central specialises in the technical analysis, so traders have an opportunity to use in-depth graphical analysis and mathematical indicators to confirm the key price levels, as well as special candlestick charts to confirm trend reversal or acceleration.

Education and Training

FxPro has an extensive education center that contains everything from basics to advanced tutorials. Traders can learn about fundamental analysis, technical analysis, trading psychology, and even take trading tests to test their knowledge.

Customer Support

FxPro provides its clients with excellent customer service that can be reached via online chat, by email call-back request, or directly on the phone. The customer support is available in 21 different languages, which is one of the largest numbers we’ve seen from brokers.

Recently we have not had much success with customer service teams at brokers, so it was refreshing to get a response immediately from the online chat platform, and within an hour when we emailed the support team.

In addition to the live support there’s also a help center to answer the most basic and common questions.

The customer support team operates 24/7 Monday through Friday, and we found them to be highly responsive and knowledgeable.

Independent Opinion & Rating

There’s a very good reason why FxPro has won over 90 awards from various industry groups, and that’s because they do an excellent job in offering their client’s a non-dealing desk environment for trading forex and a variety of other asset types. They are best known in the UKand are building a good reputation therewith the addition of the FxPro Edge spread betting platform, which gives UKbased traders a way to generate profits tax free.

We like the fact that FxPro offers both MetaTrader4 and MetaTrader5, but we also liked the cTrader platform, and feel it is a good choice for those who aren’t already tied to MetaTrader products.

We also like the Trading Central, which helps to validate trade ideas, and we believe makes traders who use them fully more accurate, and thus more successful.

We agree that FxPro is a top-rated forex and CFD broker and would recommend them to any trader looking for a pleasant experience and competitive spreads.