XPro Markets is a new CFD broker that’s been established in 2022 in South Africa. It is regulated by the Financial Sector Conduct Authority of South Africa, which is definitely a positive for the broker and its clients. With all the major financial asset classes, and over 160 individual assets available to clients, XPro Markets can be a good choice for both new and experienced traders.

We were also impressed by the range of research and educational tools at XPro Markets, which includes access to the well known Trading Central service. This gives clients access to all the research they should need to conduct a successful trading strategy.

With four account tiers there’s a good entry point for all levels of traders as well. The base Classic account features a low 250 (USD/EUR) minimum deposit, which nearly anyone serious about getting into trading should be able to meet.

The available asset classes are forex, stocks, commodities, indices, and the increasingly popular cryptocurrency futures. Clients can take advantage of the two different trading platforms available to trade these assets. XPro Markets offers both the well-known and popular MetaTrader 4 platform, as well as its own web trader. This should give prospective traders access to a solid platform no matter their trading style. And the addition of a demo account allows for testing the trading conditions of each platform prior to risking any real money.

So, read on to find more details regarding the trading opportunities and conditions available from XPro Markets.

Regulations

As mentioned above, XPro Markets is fully authorised and regulated by the Financial Sector Conduct Authority of South Africa (FSCA). This regulation comes under FSP license Number 32535. The operating entity behind XPro Markets is Ukuchuma Financial Services (PTY) LTD.

Along with regulation, the broker also provides negative balance protection to each and every client, which is obviously welcome. Having a third-party regulator means client funds remain segregated, and that clients have some protections in the event the broker becomes unable to meet its obligations. It also means the broker is required to comply with the regulatory framework that’s designed to make trading safer and more secure for individuals.

Account Types

XPro Markets is following the trend seen at many brokers lately by offering many different account tiers. That said, they haven’t gone overboard with this, and are offering four tiers of accounts, which seems fairly modest to us. Each tier provides some increased perks, with the most important being decreased spreads for the higher tier accounts.

The account tiers offered are the Classic, Silver, Gold, and VIP tiers. Minimum deposits begin at 250 (USD/EUR) for the Classic tier, however the minimum deposit amounts for the other three tiers are not disclosed on the broker website.

Below is a breakdown of the account tiers and their features:

CLASSIC TIER

· Min. Deposit 250 (USD/EUR)

· Spreads that begin at 2.5 pips for the EUR/USD pairing

· Mobile Trading

· Support in 19 languages

· Education Tools and Webinars

· Leverage (Currencies 1:400)

· Minimum trade volume 0.01 lots

· Maximum trade volume 50 lots

SILVER TIER
All the above, plus:

· Spreads that begin at 2.5 pips for the EUR/USD pairing

· Trading signals delivered via SMS from MTE

GOLD TIER All the above, plus:

· Spreads that begin at 1.8 pips for the EUR/USD pairing

· Full Account Overview - Monthly

· VIP Webinars

· Dedicated Account Manager

VIP TIER All the above, plus:

· Spreads that begin at 0.9 pips for the EUR/USD pairing

· Full Account Overview – Weekly

· Dedicated Senior Account Manager

Available Assets

XPro Markets gives its clients access to all the asset classes you would expect from a modern online broker. All told there are more than 160 individual assets offered, which gives every trader plenty of options in the markets. Traders will find their favourite trading assets, and will also be able to suitably diversify their investments. These are the major asset classes available:

· Forex, with all the major pairs, many minor pairs, and even some exotic pairs.

· Shares, including most of the largest global companies such as Apple, Tesla, and JPMorgan.

· Commodities, with metals, energies, and a wide selection of agricultural commodities.

· Indices, including the S&P 500, Nasdaq, Nikkei 225, and Germany’s DAX.

· Cryptocurrency futures, including Bitcoin, Ethereum, Litecoin, and others.

Trading Platforms

XPro Markets has two different trading platforms available. MetaTrader 4 is the desktop and mobile platform and the web-based platform is the in-house XPro Markets web trader.

MetaTrader 4 (MT4)

MetaTrader 4 is well known as one of the top platforms for trading financial markets. With a history spanning two decades it has become one of the most used trading platforms. It features some of the most powerful charting capabilities, and one of the broadest arrays of indicators found anywhere. The desktop version of MT4 is available for Windows PCs and the mobile version can be installed as an app on both iOS and Android devices. With MT4 traders get access to all the following benefits at XPro Markets:

· Access all 160+ available CFD assets

· Free Trading Analysis tools

· More than 30 available technical indicators

· Customisable and EAs appropriate

· Easy to use MT4 interface

· Multiple executions and order types

· Customisable Push Notifications and Alerts

XPro Markets Web Trader

If you prefer to do your trading in a browser XPro Markets has their own proprietary web trader that can be accessed from any internet-connected device through a web browser. It is not only convenient, but it is also quite powerful, so traders aren’t giving much up by using the web trader rather than the MT4 platform. And the XPro Markets web trader has these following features:

· Instant access to high-liquidity markets

· Free Trading Analysis tools

· No download required

· User-Friendly Web Interface

· 3 Clicks Transactions

· Stop Loss and Take Profit Calculators

· New Limit Order Provided

Whether choosing the MT4 platform or the web trader, clients will be able to analyze and trade all their favorite assets.

Banking

XPro Markets makes funding an account easy by offering various methods. Those include debit or credit card deposits, wire transfers from your bank account, and APMs (Alternative Payment Methods). APMs include the popular e-wallets Neteller and Skrill. In each case, the minimum allowed deposit is 250 (USD/EUR).

The same withdrawal options are available, but prospective traders should know that the first withdrawal will not be processed until the traders account has been fully verified. The verification process includes the following:

Proof of Identity (POI) – Photo identification via passport (both pages need to be visible), Identification (ID) card (front & back), or driver’s license (front & back).

Proof of residence (POR) – Provide the relevant documents to confirm that you are a resident of a country acceptable to XPro Markets via: Bank or credit card statement (electronic pdf copies accepted), recent utility bill, (water, electricity or telephone bill, internet, council tax). We do not accept Mobile Phone Bills.

Complete the Appropriateness Assessment – Ensure all of your answers are accurate and up-to-date.

Verify your payment method:

Credit card – send a colour photo of both sides of your credit card. Ensure the first 12 digits of your credit card number in front and back, and the CVV code on the back is covered.

E-wallet (Skrill) – Please send a screenshot of your e-wallet with the name, email, ID of the e-wallet made from your computer.

Even after all this, the XPro Markets website says that withdrawals take 8-10 business days to reach the client account.

Customer Service

XPro Markets provides customer support on a 24/5 basis via online chat, web form, or telephone. Customer support agents are capable of responding in 19 different languages

Phone: +27870948672
Email: inquiries@xpromarkets.com

In Conclusion

With protection via regulation, negative balance protection, a small minimum deposit requirement, and a solid array of available assets XPro Markets should be suitable for any trader, whether just starting out or already established.

The extensive identity verification and long withdrawal period is somewhat concerning however, although there’s nothing technically wrong there, it is disconcerting to wait so long to receive your funds.

The inclusion of the award-winning MT4 trading platform is certainly welcome, as is the addition of Trading Central for research and education.

All it takes to find out is to register an account with XPro Markets and then trade on a demo to see what the trading conditions are like.