FxPro Review 2024

Thadeus Geodfrey

Thadeus Geodfrey is an experienced and celebrated writer and self-taught trader specialising in cryptocurrencies and forex. Market analysis, identifying fraudulent brokers, and security are his cup of tea. At BrokerRaters Thadeus develops educational materials and user-guides, offer market insights, ensures our content conforms to the best standards. Join Thadeus to succeed in your trading endeavours.

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Article was updated: October 4, 2024

Estimated reading time: 3 minutes

With over 7.8 million client accounts, FxPro is undoubtedly one of the most popular and trusted brokers today. It caters to traders in 173 countries, from the UK and the UAE to Spain, Seychelles, and South Africa. But before you sign up with this broker, please note that it focuses primarily on forex and CFD trading. Also, gather more insights from our FxPro broker review.

This is a brief, unbiased review of FxPro. Our experts have compiled it after hours of research and extensive tests. Use it to determine if this broker is best suited to helping you hit your financial goals. That said, we encourage you to do additional research and review past user testimonials before making any serious commitments.

Our Opinion about FxPro

FxPro is licensed and regulated by numerous authorities, from the FCA in the UK to the FSCA in South Africa. As we’ve learned over the years, multi-licensed brokers are the most secure and trustworthy service providers. Taking that into account, FxPro is 100% secure, and you can entrust it with your data, money, and assets. That and many other qualities have enabled FxPro to bag millions of clients and over 100 awards.

We also hold FxPro in high regard since its platform has hosted diverse third-party trading platforms. They range from cTrader to MT4 and MT5. These are powerful solutions tailored for novices and advanced traders. Moreover, this broker has two proprietary platforms: the FxPro mobile app, ideal for individuals who like to trade on the go, and FxPro WebTrader, a powerful online web platform. The available proprietary solutions have excellent features and functionalities, from advanced technical indicators to support for 1-click trading.

FxPro

✔24/7 customer support
✔Thousands of financial instruments

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470 User Reviews

2,530 User Reviews

71 User Reviews

Our Rating

Total Rating:

3,071 User Reviews

Fees

Admittedly, FxPro isn’t the cheapest broker today. The company requires first-time users to make a $100 initial deposit to use a standard account, which is reasonable but can’t be termed as the lowest threshold. Also, Raw+ account holders must make an initial deposit of $500 or more. Additionally, anyone interested in the company’s Elite account offering must be ready to meet the $30k minimum deposit mandate. Please review and understand FxPro minimum deposit requirements before registering a live account.

When it comes to spreads and commissions, FxPro has juicy offerings. Everyone who opts for Raw+ or Elite gets the opportunity to enjoy sharp spreads starting from 0 pips. The numbers are higher for Standard Account owners, with the lowest spreads starting from 1.2 pips.

We have some good news for those worried about transaction fees inflating costs. FxPro doesn’t charge additional deposit or withdrawal fees. However, you may have to cover charges inflicted by financial institutions, depending on your preferred funding method.
Here’s an overview of the FxPro broker fees and charges:

Fees and Charges	Amount
Minimum deposit	$100
Spreads	From 0 pips
Transaction fees	$0
Currency conversion fee	Yes

Available Assets

Over 2,100 assets are available on the FxPro broker platform. They range from forex pairs and energy to indices, metals, and futures. Check if this service provider supports your favorite assets before signing Up. Here’s an overview of the supported product list to help you out:

• Forex: 70+ tradable pairs are available on the FxPro trading platform, ranging from CAD/JPY and EUR/GBP to GBP/CHF, GBP/CAD, and USD/JPY. Every category, from major to minor and exotic FX pairs, is available here.
• Shares: With FxPro, you can trade CFDs on global shares like ALCOA CORP, Western Union Co, and Zoetis Inc. You can start trading shares from different regions, including the EU, UK, and the US.
• Metals: If you want to trade CFDs on precious metals, FxPro is the place to be. Different products like aluminum, lead, and copper are offered here.
• Futures: FxPro clients have access to CFD futures on agricultural commodities like wheat, energy products like natural gas, and indices. Popular products range from Cocoa U24 and Coffee Z24 to Gas U24.
• Energy: CFDs on spot energy products like natural gas, Brent oil, and WTI are offered to FxPro users. You can trade these instruments or use them to diversify your portfolio.
• Indices: After signing up with FxPro, you’ll get access to CFDs on myriad indices, from the Nikkei 225 Index to the Dow Jones Industrial Average and spot indices like the Australia 200 Spot Index and the China H Shares Spot Index.
• Crypto: FxPro offers you the opportunity to trade CFDs on Bitcoin, Doge, Ether, and many other crypto assets. If you are a cryptocurrency enthusiast and want to profit from cryptos without owning the underlying crypto assets, consider trading cryptocurrency CFDs with this terrific broker.

Security

If you are fretting over FxPro’s security, rest easy. This broker is authorized and monitored by multiple international bodies, making it one of the most secure brokers today. It is registered and licensed by the FCA in the UK, CySEC in Cyprus, and the FSCA in South Africa. Additionally, the broker is regulated by the SCB and the FSA in the Bahamas and Seychelles, respectively.

As a multiregulated entity, FxPro complies with numerous rigorous rules and standards tailored to optimize the security and safety of your data and assets. For instance, the company keeps client funds segregated from proprietary resources and offers investor protection in some jurisdictions, including investor protection.

In addition, the FxPro broker secures all web platforms and apps with top-tier data encryption technologies. The company also has a remarkable team of experts that constantly monitor FxPro systems and are always on standby to address every suspicious activity or incident. What’s more, FxPro users get the opportunity to optimize security with 2-step verification, strong passwords, and more.

Conclusion

To summarize what we’ve covered in our FxPro review, this service provider is secure, credible, and reliable. That said, it’s only available in some countries. Please check if it caters to traders in your region before making the final decision. And if you are a newbie, research, read, and understand the risks of online trading before jumping off the deep end.

Thadeus Geodfrey

Thadeus Geodfrey is an experienced and celebrated writer and self-taught trader specialising in cryptocurrencies and forex. Market analysis, identifying fraudulent brokers, and security are his cup of tea. At BrokerRaters Thadeus develops educational materials and user-guides, offer market insights, ensures our content conforms to the best standards. Join Thadeus to succeed in your trading endeavours.

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