FxPro is a leading online CFD broker and forex trading platform launched in 2006 and headquartered in the UK. The company is owned by the FxPro group and operates the company through various subsidiaries around the world.
FxPro is also a company that offers specialized online trading services, ie 24 hours a day and 5 days a week to the market. A trader can trade with more than 250 financial instruments across up to seven different asset classes.
The Financial Conduct Authority Approves And Manages FxPro. The FCA is a non-legislative autonomous body but is legally enforceable by the UK Financial Services and Markets Act 2000. FxPro is also approved and managed by the Cyprus Securities and Exchange Commission and settles the “Speculants in People” Standard.
cTrader is a powerful trading platform with integrated charting and trading tools as well as fast trade execution. It is developed by ‘Spot ware Systems Ltd’ which is a fintech company with headquarters in Cyprus.
If traders want raw speed to trade, FxPro cTrader is the right platform. Fxpro made it for ECN trading types. FxPro cTrader also allows traders to be in a position to access other markets at different rates such as inter bank interest rates. Another major future of FxPro cTrader is being able to support depth-of-market viewing and algorithmic trading.
The brokerage company has proven to be a reliable and professional company over the years of operation. A large number of users who have signed contracts with brokerage companies attest to the reliability of the company. In addition, the brokerage firm has also won numerous recognitions and various awards for the high-quality services provided to its clients.
Research shows that no other brokerage firm comes close to achieving FxPro. As a further assurance and proof of reliability, traders from the Middle East and the UK are covered by the Investor Compensation Scheme in the UK and the Financial Services Compensation Scheme in the Middle East.
Trading with a broker that clients can rely on is essential to success. There are scams and scams in the forex trading industry. The brokerage firm has the largest regulatory independent database available on its website. Companies have created a confidence score of 1 to 100 which they call a confidence score.
FxPro has comprehensive customer support. The support team is available 24 hours five days a week. They can be contacted by mail, telephone, live chat, and other means. For the brokerage firm to handle its diverse client base, the support services are localized and multilingual. There are more than 30 countries currently supported by their customer service at the local level. Another support provided is a support resistance indicator, which can see past patterns and can predict future patterns of price points on stock charts.
FxPro’s three main accounts include a premium account, a standard account, and a demo account.
This account is provided free at FxPro for traders who want to try the FxPro platform at no cost. It has a virtual balance of $500,000. Using a demo account, a trader can access various platforms such as MetaTrader 5, cTrader, and MetaTrader 4.
The standard account has four different subcategories including FxPro market, FxPro cTrader, FxPro MT5, and FxPro MT4. For FxPro MT4, the minimum deposit is $500 and the leverage is in a 1:500 ratio. Instruments for this account contain metals, indices, energies, futures, and forex. It is backed by expert advisors and has market execution.
Premium accounts allow investors who have at least $50,000. Premium account holders can enjoy several additional benefits not enjoyed by standard account holders.
However, what is most attractive in premium accounts is that it has lower spreads which can be enjoyed by traders who have accounts with it especially when they trade using large volumes.
Is Fxpro legit? Yes, Fxpro is an official broker and the company is regulated by different authorities in different jurisdictions. Is Fxpro regulated? Of course. For example in the UK, the platform is regulated by the UK FCA (Financial Conduct Authority) and is managed through FxPro UK Limited.
For European operations, FxPro is managed by an investment firm called FxPro Financial Limited and regulated by the Exchange Commission and Cyprus Securities. In South Africa, companies are regulated and permitted to operate by the FSB (South African Financial Services Council).
In the Middle East, the company operates under a subsidiary under the name FxPro Global Markets Limited. It is located in Dubai and is regulated by the Dubai Financial Authority. Globally, the Bahamas Securities Commission and FxPro Global Markets regulate and manage FxPro.