FxPro Financial Services ltd

FxPro Financial Services ltd Review

FxPro Financial Services Ltd
Company Overview

FxPro Financial Services Ltd is a Forex broker company in the UK. The company was founded in 2006 and in 2012 switched to the agency model. The agency model allows for brokers to make money without a conflict of interest as they do not make money based off the trade outcome. FxPro won several awards over the years including "Best STP/ECN Broker" in 2012.

Account Types

FxPro Financial Services offers up to three different accounts for investors. The basic account is the trading account. This account provides access to nine trading platforms as well as the ability to trade in seven currencies.

For those who would like to get a feel for the platform and learn how to trade there is a demo account. The demo account gives new investors the ability to make trades based on real markets without putting money at risk. This allows investors to see the outcome of a trade so they can learn effective trading strategies.

The third type of account is a PAMM account and is the latest account type. PAMM accounts are for professional traders. This account allows traders with clients to manage all the client accounts simultaneously. PAMM accounts are unlimited in both the amount of trades made as well as the amount of money allowed on the account.

Commissions and Spreads

FxPro brokers earn commission based on trade volume instead of whether or not a trade is profitable. This allows investors to feel comfortable knowing that brokers truly have their best interest. FxPro's website has a chart showing the latest spreads for all types of investments currently available to users. The chart also shows price fluctuations and minimum and average spreads so that investors can make informed decisions.

Trading Software

FxPro Financial Services is available on up to nine platforms. Their software is available as a desktop download. The software is also available on the App Store and Google Play which gives investors much needed convenience. Trades can also of course be made on the website. The trading software is fully customizable allowing users to access information and make trades quickly without having to look through multiple pages and links.

Deposits and Withdrawals

The minimum deposit for FxPro Financial Services is 500 of whatever currency you wish to trade with. Withdrawals are processed the same day they are requested. The following methods are used for deposits and withdrawals:

Bank transfers
Debit or credit cards
PayPal
Moneybookers
Neteller
NetBanx
mPay

Customer Support

FxPro customer service is excellent and easily accessible. The FxPro website even offers a Trading Academy for new investors that helps them make a trade step by step. Customer service can be contacted by email or phone. Users can also chat live with a representative or request a phone call. Help is available 24 hours a day on business days.

Regulators and Safety

FxPro Financial Services Ltd is regulated by Financial Contact Authority as well as Cyprus Securities and Exchange Commission. Users of FxPro can breathe easy knowing that all client funds are segregated. FxPro is part of the Investors Compensation Fund. FxPro funds are deposited in investment banks. Clients who use FxPro will never have their balance drop below 0.

Leverage

FxPro has a 500:1 leverage. The leverage decreases as volume increases.


Key Features

Regulation: FSA, ASIC, CySEC, MiFID
Min Deposit: $500
Leverage: 500:1
Platform: FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium
First Deposit Bonus: No
Other Bonuses: No

Company Information
Broker's Name
FxPro Financial Services ltd
Headquartered in
Cyprus
Year Founded
2006
Regulating Authority
FSA, ASIC, CySEC, MiFID
US Clients Accepted
No
Telephone Number
CY Tel: +357 25 969 200; UK Tel: 44(0)207 776 9720
Fax Number
CY Fax: +357 25 969 269, UK Fax: 44(0)207 600 706
E-Mail Address
info@fxpro.com
Account Options
Type of Broker
ECN, STP
Commission
Yes
Mini Account
No
VIP Account
No
Segregated Account
Yes
Islamic Account (Swap Free)
Yes
Demo Account
Yes
Institutional Accounts
Yes
Managed Accounts
No
Maximum Leverage
500:1
Minimum Deposit
$500
Deposit Options
Credit/Debit Card, Bank Wire, PayPal, Neteller, Moneybookers
Withdrawal Options
Credit/Debit Card, Bank Wire, PayPal, Neteller, Moneybookers
More Instruments
Metals
Yes
Oil
Yes
Gold
Yes
Indices
Yes
Stocks
Yes
Commodities
Yes
ETFs
No
CFDs
Yes
Trading Platform
Platform Type
FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium
Platform Languages
Polish, French, Spanish, Italian, Portuguese, Hungarian, English, Chinese, Japanese, Korean, Arabic, German, Vietnamese, Russian, Indonesian
OS Compatibility
Mac, Windows, Mobile, Web, iPhone, iPad
Streaming News Feed
Yes
Charting Package
Yes
Trading Signals
Automated Trading
Yes
Trade From Charts
Yes
Market Commentary
Yes
E-mail Alerts
Yes
Mobile Alerts
Yes
Scalping
Yes
Hedging
Yes
Trailing Stops
Yes
Guaranteed Stop Loss
Yes
Guaranteed Limit Orders
Guaranteed Fills
Interest on Margin
One-Click Execution
OCO Orders
No
Mobile Trading
Yes
Web-Based Trading
Yes
Customer Service
Customer Support Languages
Arabic, Chinese, English, French, German, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish and Vietnamese
Customer Service Hours
24/5
Place Trades Over the Phone?
Yes
Bonuses & Rewards
No Deposit Bonus
No
Bonus for First Deposit
No
Is the Bonus Based on the Volume of the Transaction?
No
Other Bonuses
No


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Risk Warning

 

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.