Is FxPro Good?: The Review of FxPro Pros and Cons [Summary of Overview Information from Real Trading Experiences]

Important Details of FxPro Broker
Broker Name FxPro
Website fxpro.com
Year of Establishment 2006
Regulatory Organization FCA, CySec, FSCA, SCB
Minimum Deposit $100
Deposit and Withdrawal Speed Deposit: Immediate, Withdrawal: 8 Hours interval
Deposit and Withdrawal Rate  0%
Leverage Maximum 1:500
Spread EURUSD 12, USDJPY 12, GBPUSD 19
Platform MT4, MT5, WebTerminal, cTrader, FxPro (EDGE)

FxPro is ranked 6th in The Best Forex Broker Ranking 2022

FxPro Information

Year of Establishment : 2006

Head Office

Exness’s Head Office is located in London, United Kingdom

Address: 13-14 Basinghall St, London EC2V 5BQ, United Kingdom

Trading Products

  • Forex:
  • Gold:
  • Petroleum:
  • Index:
  • Cryptocurrency:
  • Stock: –
  • Other Commodities:
  • Bond: –

Broker type

FxPro is a NDD (No Dealing Desk) broker.

Bonuses and Promotions

The company has no policy to provide bonuses and promotions.

Company Clarification

Whether to open an account with FxPro or not is up to the customer’s decision, in the credibility of the company and in the experience that customers actually use the service and trade with FxPro, the company does not want to use bonuses and promotions to attract customers.

Contact Details

  • Live chat : fxpro.com
  • Email : [email protected]
  • Tel
    • United Kingdom : 08000 463 050

    • Cyprus : +357 25 969 200

    • Monaco : +44 (0) 203 151 5550

    • Bahamas : +1 242 603 2224

    

Trading Platform

  • MT4 : Windows, Android, iOS andLinux
  • MT5 : Windows, Android, iOS and Linux
  • WebTrader
  • cTrader
  • FxPro Trading Platform

FXPRO Review

fx pro logo

FxPro has a “Very Good” credit rating, rated by Creditsafe and Duedil, which is rated higher than the well-known brokers such as; Plus500, Forex.com and ETX Capital.

FxPro has quite a number of licenses. It has a wide range of trading platforms and is also a sponsor of famous English football teams like Watford FC, Fulham FC and Aston Villa FC.

Advantages

There are various trading platforms

MT4, MT5, WebTrader, cTrader and FxPro Trading Platform.

Has high credit scores

FxPro has received a good rating from creditsafe and DueDil with quite a high score (Higher than big brokers like Forex.com, FXCM and Pepperstone))

Live chat 24/5

Live chat is available 24 hours a day, from Monday to Friday.

Sponsors famous football teams

FxPro is the sponsor of the famous soccer team, such as; 

  • Watford FC (2017-2019)
  • Fulham FC (2012-2013)
  • Aston Villa FC (2010-2011)

Fast trading

Quickly sends orders, open-close orders, and adjusts the Take profit and Stop loss points without delay.

Having relatively a lot of licenses

1. FCA (Financial Conduct Authority)

2. CySec (Cyprus Securities and Exchange Commission)

3. FSCA (Financial Sector Conduct Authority)

4. SCB (Securities Commission of The Bahamas)

EEA Registrations (License to conduct financial business in the European Economic Area)

Disadvantages

Too many account types

FxPro has too many account types to choose from. The details of each account type are not very different, causing confusion for customers.

Open up to 5 accounts

If adding or removing an account, it is a must to notify the support staff.

No bonuses and promotions

The company does not have a policy of providing bonuses and promotions of any kind to its customers.

No copy trading system

The Copy Trade system is not supported.

Is FxPro service fee high or low? (SPREAD, COMMISSION, SWAP)

FxPro categorizes different accounts using their trading platforms, with the lowest service fee account type being cTrader.

However, compared to other brokers, FxPro spread fee is considered to be at a fairly high level.

Sample Spread of FxPro – MT4, Fix Spread (MT4), Market Execution (MT4), MT5 and cTrader

Average Spread over the 7 major currency pairs of FxPro

Swap Fee over 7 major currency pairs of FxPro

Swap Fxpro

Commission Fee of each type of FxPro account

  • MT4: No Commission Fee
  • Fix Spread (MT4): No Commission Fee
  • Market Execution (MT4): No Commission Fee
  • MT5: No Commission Fee
  • cTrader : 9 USD/lot (Round Swap)

Is FxPro reliable and reputable ?

FxPro is rated by two credit rating companies, creditsafe and DeuDil, for their reliability (security) of the business. FxPro is found to be in the “very good” category, surpassing significantly the big brokers such as Forex.com, FXCM, and Plus500.

creditsafe deudil

Year of Establishment : 2006

License Certificate (Regulator)

1. FCA (Financial Conduct Authority)

2. CySec (Cyprus Securities and Exchange Commission)

3. FSCA (Financial Sector Conduct Authority)

4. SCB (Securities Commission of The Bahamas)

EEA Registrations (License to conduct financial business in the European Economic Area)

Head Office

Exness’s Head Office is located in London, United Kingdom

Address: 13-14 Basinghall St, London EC2V 5BQ, United Kingdom

Employee Number : 51-200 people (447 persons are on LinkedIn)

Customer capital protection

FxPro completely separates the company’s funds from the customer’s fund, such deposits are kept in a separate bank account. This is to ensure that the customer’s fund is not used by the company for any other purposes.

Auditor

FxPro uses the PWC audit firm to audit its financial statements (1 of the 4 largest audit firms in the world).

Credit rating

FxPro is rated for reliability (security) of the business at a very good level from two credit rating companies; creditsafe and DeuDil.

credit rating fxpro

As evident, the credit rating of FxPro is much higher than the big brokers like Forex.com and FXCM

To what extent is FxPro popular with traders around the world ?

FxPro is the broker with the highest number of reviews on Google review (4.8 points | 443 reviews).

The overall score is at an average level.

FxPro Reputation

35% : Forex Peace Army [Score : 2.703 | 250 Reviews]
47%
25% : Trustpilot [Score : 3.9 | 124 Reviews]
53%
25% : myfxbook [Score : 3.8 | Total Votes : 404]
82%
2.5% : Google Review [Score : 4.8 | 443 Reviews]
100%
2.5% : Facebook [411K like this]
71%
2.5% : Intragram [38K Followers]
82%
2.5% : Twitter [25.5K Follows]
65%
2.5% : Youtube [26.4K subscribers]
71%
2.5% : Linkedin [15,345 followers]
76%

FxPro Services

The overall composition is quite good. There are translations on the website in more than 30 languages. Live chat service is available in more than 14 languages. The website format is easy to use, neat, and organized.

There are a few drawbacks on Live chat that have no attachment system, causing some difficulties in communication or showing some problems.

As for the support staff’s responses, it’s not very clear in the case of asking in-depth questions.

FxPro’s website is translated into over 30 languages.

Live chat support staff are available in 14 languages ​​as follows:

 

Thai, English, Chinese, Japanese, Vietnamese, Malaysia, Polish, Indonesian, Ezech, Spanish, Italian, Turkish, Russian and Korean 

It is considered that FxPro caters to investors almost all over the world.

(FxPro’s Live chat system has no attachment system, causing constraint when in need of showing some problems)

But there are some times that it’s difficult to contact support staff.

In the aspect of answering questions, it is quite clear, especially in-depth questions.

Live chat : www.fxpro.com

Tel : 

  • United Kingdom: 08000 463 050
  • Cyprus: +357 25 969 200
  • Monaco: +44 (0) 203 151 5550
  • Bahamas: +1 242 603 2224

Email : [email protected]

FxPro Trading Experience

Might cause confusion about the type of account. Overall, it’s fine, open-close orders quickly, and adjust the Stop loss and Take profit quickly.

Apichart T.

There is a large variety of trading products to choose from. Open and close orders quickly. 

Yoya Yoshida

Adjusts the SL (Stop loss) and TP (Take Profit) points with some delay.

Attawat Rx

It is a broker whose account classification is not clear. The web page and the support staff are not clear on this matter, however all account types have smoothness in trading, speed of server, speed of opening and closing orders is of a good level. The recommended account is FxPro MT4-MT5 due to the slightly lower total fee (Spread + Commission fee).

Parichat B.

The account type is quite complicated, and should be improved.

Sila T.

Used to be good and famous. Lately, spreads are high, but other than that, it’s fine if you don’t mind the high spread fee.

Uaiporn R.

Smooth on PC and Mobile, opening orders overnight is considered fast.

FxPro Conclusion

FxPro is ranked the 6th in The Best Forex Broker Ranking 2022

References

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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