Expert review of Fxpro broker and client feedback.
Expert review of Fxpro broker and client reviews
Fxpro is among the top 10 brokerage companies and ranks second after ForexClub. The company has been operating since 2006. It has a staff of 200 people and works with traders from 150 countries.
Fxpro provides traders with a convenient trading platform, low spreads, analytics, 300 trading instruments, and currency pairs on shares of major global companies, agricultural commodities, energy sources, and futures. The broker operates with all countries except the USA, Iran, and Canada. The company also allows hedging and scalping, provides advisors and automated trading.
The broker’s activities are regulated by FCA, DFSA, SCB, FSCA, and CySEC. The company provides information to clients in Russian, English, Spanish, French, Italian, Japanese, German, and Chinese. The company’s website lists phone numbers and license numbers. No clear shortcomings have been identified in FxPro’s operations, as the broker considers all traders’ preferences from different countries and constantly works on improving the services offered. Since the beginning of 2019, there have been no complaints from clients, making Fxpro a trustworthy broker.
Trading Platforms
Fxpro offers a wide range of platforms: MetaTrader 4, MetaTrader 5, and cTrader. Each terminal has a browser-based, mobile (Android, iOS), and desktop version (Windows, MACOS). FxPro Edge is a special platform that allows every FxPro client to implement spread betting strategies. With FxPro Edge, you can work in a browser or install it on your smartphone (Android, iOS).
Trading Instruments
The Fxpro website has a section with applications for analysis and trading:
- For automated trading, there is a virtual server VPS (FxPro) – where you can install a trading advisor, set it to work independently, turn off your PC, and not worry about the program’s uninterrupted operation. If you have a Premium account, the VPS option is free. For all others, there is a $30 per month fee.
- For viewing quotes and receiving fresh analytical data, the FxPro Tools application has been developed – here you can track chart history, view the economic calendar, monitor price changes, analytics, and fresh company blog posts.
- For convenient management of multiple types of trading accounts and setting important alerts, the FxPro Direct program is provided. It also serves as an advanced online wallet for easy profit withdrawal, transaction viewing, and money transfers between multiple accounts.
- A currency calculator is provided for calculating the required leverage or trading order volume – it has many settings that allow you to make calculations accounting for the included commission.
You can view detailed descriptions or download your favorite trading instruments in the “Products” → “All Products” section.
Commissions, Fees, Payouts
For trading convenience, traders can deposit funds from a MasterCard/Visa card or bank cashier. Withdrawals are made through bank transfers and the Skrill system. The minimum deposit amount is $100, with a recommended amount of $500.
Customer Support
In the “Contacts” section, there are addresses, emails, phone numbers, and faxes of various FxPro broker branches in the UAE, the Bahamas, Cyprus, Monaco, and the UK. There is a toll-free phone line for residents of Russia, Ukraine, and Kazakhstan. Email and online chat support are also available – consultants work around the clock five days a week. You can also fill out a feedback form, write a review of the company’s performance, and complain about the work of dishonest consultants.
Education
There is no specific section with an educational program on the website. There are only brief instructions explaining the nuances of working with platforms, applications, and trading instruments. All the most up-to-date information is added to the FxPro Tools application. If you find it inconvenient to install it for any reason, contact customer support and request a beginner’s guide.
Features
To attract clients, Fxpro offers traders to take advantage of the affiliate program and receive $50 for each new trader attracted who makes trades worth a million dollars. Under the conditions of the second affiliate program, every trader who attracts an active client can receive $800 in their account.
Conclusion
Fxpro is a reliable licensed broker that rightfully holds a high position in our ranking. The company has years of experience, a well-earned reputation, and favorable trading conditions for both beginners and experienced traders.