FxPro Review 2024 | Is FxPro a Scam or Legit Forex Broker?

FxPro Review and Analysis

Overview

Founded in 2006, FxPro has executed more than 370 million orders since inception. With retail and institutional clients in over 170 countries, the FxPro brand holds regulatory licenses in the United Kingdom (UK) under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, South Africa, the Bahamas, Dubai, and the United Arab Emirates.

Investor Protection & Regulations

FxPro is one of the most extensively regulated forex and CFDs broker in the industry. The broker in its quest to offer clients a safe and secured trading environment has subjected itself through its various subsidiaries to regulatory oversights in 5 different jurisdictions.

Tradeable Products

As a global broker, FxPro offers its clients a diverse range of financial instruments to trade with. These instruments covers 6 different asset classes namely 70+ forex pairs, 20+ futures, 150+ stocks, 7 metals, 24+ indices and 3 energies.

Fees and Commissions

FxPro is an ECN/STP broker, meaning access to the interbank market, so, their spreads are low and they can offer over 3,500 tradable instruments. The typical spread for the benchmark EURUSD currency pair is 0.1 pips.

Trading Platform

There are 3 main types of trading platforms available at FxPro. They comprise of the MT4 & MT5, cTrader and FxPro Edge trading platforms. The platforms also have different versions to suit different operating systems.Traders at FxPro can also enjoy the popular MT4 wherever they are, by downloading and installing the MT4 mobile trading app and onto their mobile devices. This app allows them to monitor markets and trade with charts.

Account Types

FxPro has several types of trading accounts available for its clients. They consist of 3 different accounts designed for each different of trading platforms that FxPro have. These include the MT4 Account, the MT5 account and the cTrader account with spreads at 1.2, 1.5 and 0.5 respectively

Deposit and withdrawal

There are several payment options which traders at FxPro can use to fund or withdraw from their trading accounts at FxPro. Funds can be transferred by bank transfer, credit cards or ewallets. FxPro does not charge fees

Usability

The broker offers an outstanding selection of platforms, tools and assets to suit every trader’s appetite.

Customer Support

Customer support at FxPro is available around the clock on a 24/5 basis. There are multiple ways to connect with the support team. In addition, the support services are available in various languages.

Education and Research

Despite the wide range of tools offered by FxPro, we noted that the broker is lacking in the trader’s education section on tit’s website. Educational resources are only available in the form of short video and articles.

Overall Conclusion – Final Thoughts

Overall with the products and tools provided by FxPro, most traders will find that this broker has adequately met all their trading need no matter what level of trading they find themselves.