FxPro Review – Is it a Scam or Legit Broker (2024)

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this FxPro Review, we are going to take a look at the offer that this broker prepared for its traders. FxPro is regulated by the CySEC in Cyprus, by the FCA in the UK, by the FSCA in South Africa and by the SCB in Bahamas. FxPro operates on the financial market since 2006. When it comes to trading platforms, the broker features MT5, cTrader, FxPro Edge and WebTrader and MetaTrader 4. The FxPro minimum deposit is 100 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money

Basic information from this FxPro Review

Website address: FxPro.com
Operated by: FxPro Financial Services Ltd.
Licensed and authorised by regulatory bodies: CySec FCA SCB FSCA
Supported languages: English, German, Spanish, French, Italian, Russian and many more (21 languages in total)
Customer support available via: E-mail, phone, live-chat and request call-back
Contact details: [email protected] +44 (0) 203 151 5550
Available deposit methods: Bank transfer, Visa, Maestro, Mastercard, American Express, Neteller, PayPal, Skrill, UnionPay
Available withdrawal methods: Bank transfer, Visa, Maestro, Mastercard, American Express, Neteller, PayPal, Skrill, UnionPay
Minimum deposit: 100 USD
Min. trade in lots: 0.01
Spreads: Variable
Tradable assets:
Might be a CFD.
Forex (70), stocks, commodities, indices, cryptocurrencies (5)
Mobile app: Yes
MetaTrader 4: Yes
Other trading platforms: MT5, cTrader, FxPro Edge and WebTrader
Social trading: No

Random reviews of competing FX & CFD brokers: LetsTrade, OnePlusCapital, APlusTrader and TryMarkets

More information about the broker

(text provided by the company representative)

FxPro is an award-winning broker and the official partner of the McLaren F1 Team with different subsidiaries regulated by the UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority of South Africa (FSCA) and the Securities Commission of the Bahamas (SCB).

The broker offers the ability to trade on more than 260+ CFD financial instruments covering Forex, Futures, Indices, Shares, Metals and Energies with clients benefitting from the broker’s no-dealing desk, ultra-fast execution pricing model with most orders executed in under 11.06ms with transparent details on slippage and execution stats provided online. The broker also offers Spread Betting accounts.

Users can trade from a variety of different trading platforms which include MetaTrader 4, MetaTrader 5, cTrader and the broker’s own FxPro Trading Platform for mobile and web. This all-in-one, integrated platform offers 50+ technical indicators, a customizable layout and other advanced trading features.

FxPro also offers a wide range of trading tools, research and education. This includes FxPro Calculators, the FxPro Direct App, FxPro VPS, FxPro Market News, an economic and earnings calendar, YouTube webinars and technical analysis and trading signals by Trading Central. The broker also offers customer support via Email, Call-back and Live Chat 24 hours a day, 5 days a week.

FxPro is a globally regulated broker and through different subsidiaries is authorised and regulated by the following:

  • FxPro UK Limited authorised and regulated by the UK Financial Conduct Authority (FCA).
  • FxPro Financial Services Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
  • FxPro Financial Services Limited is authorised and regulated by the Financial Sector Conduct Authority of South Africa (FSCA).
  • FxPro Global Markets Limited is authorised and regulated by the Securities Commission of Bahamas (SCB).

The broker offers further protection to clients, as detailed below:

  • Segregating client funds from company funds, held in banks such as Barclays Bank, Julius Baer and Royal Bank of Scotland.
  • Offering a negative balance protection policy.
  • Having financial reports audited by PWC.
  • FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS).
  • FxPro Financial Services Limited is a member of the Investor Compensation Fund (ICF).

FxPro offers users the ability to trade on more than 260+ financial CFD instruments covering Forex, Futures, Indices, Metals, Energies and Shares from the US, UK, France and Germany. The broker also has an impressive range of exotic Forex pairs.

Deposit & Withdrawals

FxPro offers a variety of different commission-free deposit and withdrawal methods that differ based on which jurisdiction an account is opened. Funds can be deposited into a FxPro Wallet using bank transfer, credit/debit card, PayPal, Skrill, Neteller and UnionPay.

The FxPro Wallet allows users to transfer funds fast and easily, as well as manage multiple trading accounts in multiple currencies. The deposit and withdrawal methods – while commission-free – vary depending on which jurisdiction an account is opened.

  • FxPro UK – Bank transfer, credit/debit card
  • FxPro Cyprus – Bank transfer, credit/debit card, PayPal, Skrill, Neteller, UnionPay
  • FxPro Bahamas – Bank transfer, credit/debit card, Skrill, Neteller, UnionPay

 

Most deposit options have instant funding within ten minutes. Withdrawals are processed within one working day. More details can be found on the broker’s webpage and transactions can be done in the FxPro client portal area.

Web & Desktop Trading Platforms

FxPro offers an impressive range of trading platforms which include MetaTrader 4, MetaTrader 5, cTrader and its own FxPro Trading Platform.

FxPro MetaTrader 4

The FxPro MetaTrader 4 trading platform is available for Windows and Mac desktop and via Web.

  • Access 3 chart types
  • View 9 timeframes
  • Access 50 technical indicators
  • Use custom indicators and trading robots (EAs).

FxPro MetaTrader 5

The FxPro MetaTrader 5 trading platform is available for Windows and Mac desktop and via Web.

  • Access 21 timeframes
  • Open 100 charts at any given time
  • Access multiple order types
  • View market depth information

FxPro cTrader

The FxPro cTrader platform is available for Windows desktop download and via Web.

  • Full market depth
  • No restrictions on stop/limit levels
  • Order filled in milliseconds

The broker also offers its own brand-new FxPro Trading Platform via Web browser.

FxPro Trading Platform

The FxPro Trading Platform is available via Web.

  • 50+ technical indicators and charting tools
  • Trading widgets available
  • 6 chart types
  • 15 timeframes
  • Customisable layouts

Mobile Trading Platforms

FxPro offers users the ability to access mobile trading on the go for Android and iOS systems from the MetaTrader 4, MetaTrader 5 and cTrader mobile apps as well as the mobile version of the FxPro Trading Platform. The app download links can be found on the broker’s website, the client portal area or in the Google PlayStore or Apple AppStore.

The FxPro Trading Platform for mobile offers the following features:

  • Fast sign up process
  • Integrated trading platform
  • Inbuilt, interactive economic calendar
  • Trade account management from the app

Customer Support

FxPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.

They also offer a FxPro Help Centre with FAQs covering Safety, About the Company, Accounts, Verification, MT4 & MT5 Platform, cTrader Platform, FxPro Direct, FxProApp, VPS, Deposit/Withdrawals and other categories.

Contact Information:

Frequently Asked Questions

🧐 Is FxPro a Scam?

FxPro is a broker licensed and regulated by the CySec, FCA, SCB and FSCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that FxPro is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the FxPro minimum deposit?

In order to start trading with FxPro, you have to deposit at least 100 USD.

📵 What deposit and withdrawal methods FxPro supports?

FxPro allows funding your account via Bank transfer, Visa, Maestro, Mastercard, American Express, Neteller, PayPal, Skrill, UnionPay.

⚖️ Would you recommend me choosing FxPro?

We don’t have our own personal experience with FxPro. However, because the broker is regulated by the CySec, FCA, SCB and FSCA, there is a high chance that it is not a scam. With that being said, it still does not mean that FxPro is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

1 Comment

  • In my years of trading, FxPro has consistently stood out for its innovation and client-centric approach. The inclusive trading strategy competitions provide an exciting opportunity to test skills and learn from others. FxPro’s dynamic risk scenario simulations have been invaluable in assessing the potential impact of market events on my portfolio. This broker is not just about trading; it’s about continuous improvement and learning.

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