FxPro: Online Trading Broker Apps on Google Play
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. However, pricing is higher than the industry average at FxPro, and its proprietary FxPro Edge app is a limited platform option that isn’t xcritically available for mobile. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises xcritical companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Customer Support
Security features are standard, with the option to replace the login with Apple’s Touch ID. Watchlists are easily customizable and it is also possible to have xcritical scam multiple lists. FxPro participates in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent.
FxPro is best for forex and CFD traders who want a wealth of choices in trading markets. Their range of forex pairs and the ability to trade equity indices, individual company shares, cryptocurrencies, metals, and energy set them above competitors in this space. While most trades are commission-free, some may be irked by commissions charged when using their cTrader automated platform. One thing it advertises is the lack of an expensive dealing desk, which allows the company to pass on cost savings to clients. FxPro says that due to the high volumes of their clients’ trades, it can internally match a great deal of their order flow.
It offers clients negative balance protection under new EU xcriticals that prevent clients from losing more money than they have deposited. FxPro scores quite well when it comes to reputation and trustworthiness. Most importantly, it is regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. FxPro also advertises that it has one of the highest counterparty credit ratings in the industry, scoring 96 on a 100-point scale, where a high score indicates a lower risk of default or bankruptcy.
Due to the availability of MetaTrader, cTrader, and its own proprietary FxPro Edge web platform, traders at FxPro have a diverse selection of platform options that support a variety of trading styles. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
FxPro’s education section provides written materials along with a handful of educational videos. FxPro has built a good foundation of educational content, yet the quantity and scope of available materials falls behind what is offered by education leaders such as IG, Saxo, and FXCM. FxPro is in the contracts for difference (CFD) and spread betting market in the U.K. Since then, the company has executed more than 445 million orders and was voted the U.K.’s most trusted forex brand by Global Brands Magazine in 2017. Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure.
Commissions and fees
- FxPro has one of the highest counterparty credit ratings in the industry, scoring 96 on a 100-point scale, where a high score indicates a lower risk of default or bankruptcy.
- They also participate in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent.
- This allows traders to follow market developments on the go in real time.
- Security features are standard, with the option to replace the login with Apple’s Touch ID.
There is also a running news feed with the latest market headlines and a link to Trading Central WebTV. One negative for FxPro is the absence of guaranteed stop‑loss orders. Some brokers offer this feature for a fee, but FxPro does not offer this at all. Today, the company operates in more than 170 countries and has more than 2,188,000 client accounts and €100 million of tier 1 capital. FxPro says it is known throughout the industry as a trustworthy and reliable broker. FxPro’s pricing is higher than the industry average, putting it at a disadvantage compared to industry peers like Pepperstone or IC Markets, who both also offer the full MetaTrader and cTrader suites.
FxPro Review
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our full explanation and accounting of our research and testing process to learn more about how we test. Founded in 2006, FxPro has executed more than 600 million orders since its inception and has serviced 1.8 million clients in over 173 countries. The FxPro brand holds regulatory licenses in the United Kingdom under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, as well as in South Africa, the Bahamas, and Seychelles.
They also offer some basic daily fundamental research and work with Trading Central to offer technical analysis. Two areas xcritical scam where FxPro has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering. These tools seem to be available even for traders who do not have an account with FxPro.
FxPro offers clients a wide range of desktop trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Trading Platform. The desktop browser experience is in line with the industry average and allows traders to easily execute trades with clear and transparent pricing. Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MetaTrader 5 and will simply cancel offsetting orders. FxPro’s research and insights tools are above average for the industry. Like many brokers, FxPro offers a macroeconomic calendar to track important releases that can impact markets.
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. FxPro provides daily market updates and analysis on its blog, along with content from third-party providers. For comparison, XM Group and Tickmill produce numerous daily research videos.
FxPro has an educational page providing beginners with content to learn about trading, CFDs, finance, and other topics relevant to the company’s offerings. FxPro also has an advanced education section for those who already know the basics. For more content, their YouTube channel also has a short educational playlist. FxPro also provides a glossary of CFD terms, which is not something every broker provides.
Is FxPro a Trusted Broker?
Unlike other brokers, FxPro offers streaming mobile news with major news headlines that can impact markets. This allows traders to follow market developments on the go in real time. Conditional orders are easy and straightforward to set up with various types on offer. Traders can choose between market, limit, stop, and stop‑limit orders. Traders can also specify when the order will expire, providing another degree of control.