Fx Pro is a Cyprus headquartered online forex broker well known for its sponsorship of fxpro.com in various sporting areas including Formula 1, World Rally, Football and Golf. Fx pro offers brokerage services for Spot Forex, Metals and Futures, Indices and CFD’s & Equities. Fx Pro has managed to create a major brand recognition due to heavy advertising on both online and offline media although in reality its services are very much similar to any other licensed forex broker listed on markets247.com with the difference that economies of scale achieved through a large clientele coming through mass media has allowed Fx pro to offer its services on a multinational and multilingual level with equally high quality customer service and dealings in Spanish, German, Portuguese, Hungarian, Italian, Russian, Japanese, Korean, Arabic and French.
The FxPro.com website can be classified as high quality and of the top voted compared to other forex brokers due to enhanced and extensive features which include but are not limited to a variety of forex educational courses and straight through clear cut presentations of offerings and education. Nevertheless it has been modified on numerous occasions during the past year to increase functionality and usability which has made it slightly too fidgety and even slow to load and even annoying in many cases. At Fx Pro traders have the opportunity to start learning trading with a FxPro demo account before they select to enter real money trading which is offered through a variety of trading platforms which are originally based on the offerings of the MT4 with small customizations in terms of features and usability.
Fx pro offers a total of 7 trading platforms which can be accessed and used for trading in the forex market by the use of one account. The combination of platforms includes a standard downloadable terminal fit for PC’s a web based platform fit for Mac users and customers trading remotely and a number of mobile versions of its platform fit for Iphone’s, Blackberry phones, smart phones and PDA’s which allow trading on the go.
- FxPro Financial Services Ltd is licensed and accredited by the following Commissions and Associations
- CySec, Cyprus Securities and Exchange Commission
- MiFID, European Union’s Markets in Financial Instruments Directive
- FSA, Financial Services Authority UK
FxPro Webtrader
The FxPro Webtrader is the custom delivered trading terminal Fxpro offers to its traders offering trading in all its main products with limited access to solely English language. The Fxpro webtrader is the non downloadable solution the broker offers its customers and allows trading from multiple locations through a web based log in which is ideal for Mac users and traders accessing their account from multiple locations on different computers.
FxPro Metatrader
The FxPro Metatrader can be found under the label Client Terminal or FxPro client terminal and offers traders access to the forex markets through a MT4 Metatrader terminal which Fxpro uses with the license of Metaquotes. The Fxpro Metatrader does not offer any additional offerings rather than the usual features offered by the MT4 although it has been branded by the company for marketing reasons. The Fxpro Metatrader is an ideal solution for both beginner and experienced traders as it is a sure pick amongst more than 300 online forex brokers due to its extensive offerings and its extensive range of multilingual capabilities and its compatibility with a range of trading and charting programs which circulate amongst the trading community.
FxPro Demo Accounts
FxPro demo accounts come with a $100,000 virtual balance and are non maturing meaning that a new trader you will have the luxury of practicing and experimenting in the forex market with the help of the free support and guidance offered by fxpro.com for as long as you wish before you decide to switch to a real money trading account. FxPro demo accounts are offered through the FxPro Metatrader described above and have absolutely no differences what so ever from the real money format of the same trading platform.
FXPro Accounts
FxPro Accounts allow you to access a full range of markets including Spot Forex, CFDs on spot gold and silver, CFDs on futures contract for light/sweet crude oil, natural gas, wheat, soybean and corn, CFDs on the most popular US and European equities and CFDs on the most popular futures on equity indices. Minimum deposit is set at 500 USD with leverage from 1:1 to 1:500 for more trading opportunities. Forex spreads start from 0.5 pips EUR/GBP, 0.8 pips EUR/USD, and 0.8 pips GBP/USD. Fractional forex prices are quoted to the fifth decimal point, for example EUR/USD1.33225 / 1.33240. Fxpro accounts allow traders full control over risk and include trailing orders and stop Losses/Take Profits. Account offer negative balance protection – automated risk – management system. Fxpro allows expert advisor usage and additionally does not restrict scalping.
Fx Pro Dealing Desk
Fx pro maintains a fully operational dealing desk as implied by EU laws and regulations which has the duty of monitoring and quoting prices after comparing prices with other markets, monitoring spreads, offering customer service and telephone trading to customers and finally announcing and circulating last minute market sensitive news as delivered by major news agencies including Reuters and Bloomberg.
FXpro Spreads
Fxpro Spreads start from 0.5 pips for the EUR/GBP and move to 0.8 pips for the EUR/USD and the GBP/USD currency pairs. FxPro’s policy does not allow spread enlargement during major news releases.
Bonuses
No official bonus or promotional schemes are available during this time by fxpro.com to new or existing customers.
FxPro Managed accounts
FxPro does not offer managed accounts at this time.
FXCM Mobile Trading Accounts
Fx Pro offers mobile trading with the synchronization of one account to its iphone compatible terminal, its blackberry terminal or its smart phone and PDA terminal.
Funds Deposit and Withdrawal
Fx pro accepts deposits through direct Bank Wire transfer, through all major credit cards and a number of electronic wallets including Paypal, Neteller and Moneybookers. All methods besides bank wire transfers are funded in less than 1 hour during trading hours. Bank wire transfers which are optimal for VIP accounts due to volume of funds require 3-5 business days to reflect in you FxPro Account.
FXPro Review
Fx Pro is a reputable and a well known broker for online trading although its core offerings are not any much different from the vast majority of forex brokers you might have heard of from advertisements or word of mouth; nevertheless it is well said that they have managed to place their service in very high perception as it is well wrapped and fancy overall due to the many added benefits which overall add value to its brand name. The added features at Fx Pro might not seem to be of any of use to more experienced traders which are strictly interested in trading and nothing but that but they do come for free and do not really harm being available. Traders can be sure of seriousness in handlings of a large corporation with offices in more than 6 countries employing more than 150 qualified professionals which ensure your online forex trading experience is of high quality.