The Forex industry is based on cooperation between brokers and traders. Both have to do their part if they are looking for optimal results. Traders need brokers who will link them to the best quotes in the market and keep their profits safe, while brokers need traders to be active and deposit regularly. If brokers want a long-term and sincere collaboration, they have to act very professional and pay out profits to traders with no excuses. The United Kingdom is known for some of the best brokers worldwide, and that is why many international traders prefer UK brokers. FxPro is also a UK broker which offers its services in Australia and the EU to the delight of many traders from these areas. The broker fosters a professional attitude just as its name suggests. What the broker has to offer will be revealed in the FxPro review below.
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The Beginnings of FxPro
FxPro has entered the Forex stage in 2006 which means that the broker has already plenty of experience to know how things go down in the business. Furthermore, the broker operates under the sharp eye of the UK FCA, Cypriot CySEC, and the Australian ASIC. All of the three organizations are known for their contribution to a healthier market and vigorous protection of traders. Traders need to understand the important role of regulators who are the ones that provide rules and order in the crazy market. The triple license of FxPro definitely contributes to the broker’s reputation because traders know that their funds are managed according to law and that the broker companies have to behave in a certain way if they want to stay in the market. FxPro is one of the popular brokers with a large client-base which only underlies the broker’s flawless business conduct.
If we observe the platform variety, it becomes clear that this broker likes to meet the expectations of every trader individually. Whereby many brokers offer one platform (which is often sufficient), FxPro offers much more.
- First of all, the one and only MT4 is part of the service package.The features, powerful software, and auto-trading options are what defines this platform.
- FxPro also offers the MT5 which comes with all the features as MT4 just in a more stylish way. One big difference between these two platforms is that the MT5 does not allow hedging since it is targeted at the US markets where hedging is illegal.
- The cTrader, the most famous web trader that enables in-depth market analysis, is also accessible with FxPro.
- The broker wraps up its platform choice with the FxPro SuperTrader which is completely automated software with sophisticated risk protocols.
- The platforms are accompanied by the appropriate FxPro mobile apps for an even easier access to your trades. The broker also offers access to different educational materials including algorithmic trading, the FxPro library, and strategy builder resources.
The broker offers an account per platform, so we have the MT4 and MT5 accounts, as well as the cTrader and the FxPro SuperTrader accounts. The lowest minimum deposit is required for the MT4 and MT5 accounts which can be opened with a $500 deposit. These accounts offer floating and fixed spreads from 0.8 pips. The leverage is 1:500, whereby ECN accounts come with 1:100 leverage (and a commission). The cTrader account is available at $1000. The broker also has a VIP section for all those big investors who deserve special treatment like fee-free withdrawals, very low spreads, VSP services and a FxPro Mastercard, and margin level alerts.
FxPro Bonus Offers
Unfortunately, FxPro does not offer any bonuses, so you will not get the chance to apply for a FxPro bonus. Lately, more and more brokers exclude bonuses from the service package which does not sit well with traders who like a treat here and then. Hereby, we would like to advise FxPro to at least include a welcome bonus for those who are new in the Forex market.
FxPro might lack a bonus policy, but therefore it accepts numerous payment options. You can deposit and withdraw via wire transfer, credit cards and various electronic payment systems like Neteller, Skrill, WebMone, UnionPay, and PayPal. The withdrawal requests are handled fast and efficient. Traders especially prefer the fast and cheap e-wallets, and therefore, they will appreciate a broker who accepts these payment methods. Wire transfers are the least popular method because of the high bank fees and extensive waiting time.
The customer support offers a Help Center with the FAQ section, and much useful information can be found in that section. Also, a FxPro blog is at the disposal of traders for further information on strategies, market news, etc. If you just joined the market, you will probably need additional help besides all these resources, and in that case, you can contact the FxPro customer service in approximately 20 languages. Call them, e-mail them, or send them a message via live chat if you should need any help.