The Company
FxPro is an award-winning pure NDD broker that offers trading in on a range of instruments, including currency pairs, shares, spot indices, futures, spot metals and spot energies, on a selection of trading platforms. It provides its clients with access to top-tier liquidity, excellent trading conditions and the highest level of customer protection possible, including negative balance protection.
What is more, FxPro demonstrates a long-term commitment to transparency, as it regularly publishes trades execution statistics (slippage & requotes data). This brokerage is excellent choice for both savvy and novice traders. Beginners can take advantage of the broker's educational resources – video tutorials, webinars, live hangouts, etc. For more advanced traders, there are additional analytical tools like Trading Central and Autochartist.
FxPro is the collective brand name of FxPro UK Ltd., an entity regulated by the UK Financial Conduct Authority (FCA), and FxPro Financial Services Ltd., which is licensed by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Board (FSB) of South Africa. In October, 2017 the broker was granted a license to operate in the UAE from the Dubai Financial Services Authority (DFSA). Both FCA and CySEC apply certain rules and requirements to regulated firms, thus ensuring a good level of credibility. Cypriot and UK brokers must hold at least €730 000 in order to prove their good financial standing, and are required to keep customer funds in segregated accounts, separated from the company’s operating funds.
As a further guarantee to clients’ funds, all companies regulated in UK and Cyprus are covered by compensation schemes as additional guarantee to clients’ funds. All deposits with a UK regulated forex broker up to £50,000 per client are guaranteed by the Financial Services Compensation Scheme (FSCS) - UK’s statutory compensation scheme for clients of authorized financial services companies. Similarly, Cypriot Investment Firms are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default. What is more, FxPro Financial Services Limited is also licensed by the Financial Services Board (FSB) as a Financial Services Provider. South Africa is lately gaining popularity as a forex broker destination.
Company Overview
Company Name
|
FxPro Group Limited
|
Headquarters
|
13/14 Basinghall Street , City of London , EC2V 5BQ , United Kingdom
|
Website
|
www.fxpro.co.uk
|
Regulation
|
Cysec , FCA , FSB , BaFin
|
Trading Instruments
|
Forex , Futures , Indices , Shares , Metals , Energies
|
Trading Platform
|
MT4 / MT5(desktop , mobile) , cTrader
|
Deposit /
Withdrawal
|
Visa/Mastercard , Neteller , Skrill , Paypal , Bank Transfer
|
Bonus
|
No Bonus
|
Services
|
CashBack , VPS , FxPro Quant
|
Customer Service
|
Live Chat
|
Trading Accounts
Account type/Platform
|
Minimum deposit
|
Minimum trade size
|
Maximum leverage
|
Average Spreads
|
Execution type
|
MT4
|
$100
|
0.01
|
1:500
|
fixed 1.6 pips
variable 1.4 pips |
Instant
market |
MT5
|
$100
|
0.01
|
1:500
|
1.4 pips
|
Market
|
cTrader
|
$100
|
0.01
|
1:500
|
0.3 pips +$4.5*
|
Market
|
*Commission is calculated per standard lot of 100 000 currency base units (per side).
Depending on the trading platform used, FxPro offers three basic account types – MT4, MT5, and cTrader (NDD). All three account types offer dynamic leverage up to 1:500 and micro tradeable lots. Besides, FxPro offers its in-house built FxPro Markets platform.
In addition, the brokerage provides swap-free (Islamic) accounts to clients of the Muslim faith, as well as VIP services to high-net-worth individuals and those actively trading large volumes. VIP clients benefit from free VPS service, no deposit fees, and receive trade recommendations, exclusive news reports and margin level alerts via email and SMS.
*Risk Warning: Forex and CFD trading involves significant risk to your invested capital.
