Forex broker FxPro: advantages and disadvantages

FxPro is a brokerage company licensed to provide services in financial markets and registered in Cyprus in 2006. Its activity is controlled by regulators in Cyprus, the Bahamas, and the UK. According to Finance Magnates (one of the most authoritative sources of information in the field of investments and economics), FxPro was included in the top 10 largest brokers in the world.

Broker Review

FxPro Group Limited provides services to both beginners and professional investors. Traders have access to detailed market overviews and the opportunity to work with experienced analysts.

To make their trading as comfortable and effective as possible investors can use different tools to analyze and forecast asset prices:

• economic and dividend calendars;
• market news;
• list of dividend accrual dates by different companies;
• calculators;
• statistical data.

The company pays increased attention to investors' safety. All FxPro Financial Services Limited clients' deposits are on accounts of major international banks. Traders' funds are insured and not linked to the capital of the online broker. The company has membership in the Financial Services Compensation Scheme (FSCS).

The broker gives traders the opportunity to work with popular trading platforms: MetaTrader 4, MetaTrader 5, cTrader, Edge. A wide range of financial instruments (over 300) allows investors to choose the appropriate asset for profitable online trading.

Interactive training with lectures, tests, video tutorials is provided for novice traders. For automated trading, it is possible to use paid service VPS, intended for remote installation and activation of trading robots.

In order to open an account and activate your personal cabinet, you need to register on the FxPro Group Limited official site. After authorization, you can use a demo account or make a deposit and trade with real money.

Investor support and withdrawal

VIP account holders can use the services of a personal analyst and receive market analysis every day. Round-the-clock technical support for FxPro clients is available 5 days a week. The broker claims that a full package of services is available to every registered trader regardless of their account type.

The company offers different deposit/withdrawal options: to card, via bank transfer, via popular payment systems. In their reviews, traders note the absence of hidden fees and fast transfer of funds without major delays.

Advantages of FxPro

• Opportunity to open an Islamic account.
• Protection against negative balance.
• Access to tested trading advisors.
• Availability of segregated accounts.
• Tight spreads.

Disadvantages of FxPro.

• High commissions.
• Support is not available on Saturdays and Sundays.

Contacts