FxPro Detailed Overview
Company Background and Development History
Founding and Mission: Established in 2006, FxPro is committed to delivering an exceptional trading experience for retail and institutional clients. Its mission is to empower traders with a fair and transparent trading environment through technological innovation, superior customer service, and stringent regulatory standards.
Global Business Presence: FxPro operates offices in the UK, Cyprus, Monaco, and the UAE, serving clients in over 170 countries.
Background
Development Milestones
Since its inception, FxPro has expanded its trading products and services, earning prestigious industry awards such as "Best Forex Provider" by Investors Chronicle (2020) and "Best Forex Trading Platform" by Forex Awards (2021), reinforcing its leadership in the market.
Markets
Trading Products and Market Coverage
FxPro offers CFDs on six asset classes: forex, stocks, spot indices, futures, spot metals, and spot energies, including CFDs on stocks, spot metals, energies, indices, and futures contracts.
Forex Trading
FxPro offers trading on over 70 currency pairs, including major, minor, and select emerging market currencies.
Stock CFDs
Access to over 2,000 global stocks from major companies in the US, UK, France, and Germany.
Spot Commodities
Includes gold, silver, Brent crude oil, and West Texas Intermediate (WTI) crude oil.
Cryptocurrency CFDs
Supports CFD trading on major digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple.
Futures Markets
FxPro facilitates trading in futures contracts for commodities, energies, and indices.
Trading technology
Trading Platforms and Technology
FxPro supports the widely used MT4 and MT5 platforms, offering diverse trading instruments and automated trading capabilities. FxPro Edge is a proprietary web-based platform offering spread betting (available in the UK) with an intuitive interface and advanced charting tools. Spread betting is a tax-efficient trading option for UK clients. cTrader is designed for high-frequency traders and provides sophisticated charting and rapid order execution.
FxPro provides no-dealing-desk execution, with most orders filled in under eight milliseconds.
- MetaTrader 4 (MT4)
- The widely used platform, offering diverse trading instruments and automated trading capabilities.
- MetaTrader 5 (MT5)
- Offers a broader range of instruments and advanced analytical tools.
- FxPro Edge
- A proprietary web-based platform with an intuitive interface and advanced charting tools; spread betting is available in the UK.
- cTrader
- Designed for high-frequency traders, with sophisticated charting and rapid order execution.
- TradingView
- Charting-focused platform with integrated trading features.
- Mobile Trading
- All platforms are accessible via iOS and Android mobile apps.
Accounts & trading costs
Account Types and Trading Conditions
- MT4 Accounts
- Suitable for most traders, offering flexible spreads, commission options, and support for Expert Advisors (EAs).
- MT5 Accounts
- Ideal for traders requiring a broader range of instruments and advanced analytical tools.
- cTrader Accounts
- Features tight spreads and low-latency execution, tailored for high-frequency trading and scalping strategies.
- Professional Accounts
- Available to qualified professional clients, offering higher leverage options.
- Account Currencies
- Supports multiple base currencies, including USD, EUR, GBP, CHF, AUD, and CAD.
- Leverage Policy
- Leverage varies by region and account type, up to 1:500 for eligible clients.
Trading Costs and Fees
- Spreads
- FxPro's spreads vary by account type and market conditions, with competitive rates on major currency pairs. Professional accounts may incur commissions but offer tighter spreads.
- Commissions
- cTrader accounts charge commissions on forex and precious metals trades, while MT4 and MT5 accounts are generally commission-free. Raw+ accounts charge $3.50 per side per lot on forex.
- Overnight Interest (Swap Fees)
- Overnight positions incur swap fees based on interbank market rates.
- Other Fees
- FxPro typically waives account maintenance and deposit/withdrawal fees, though an inactivity fee may apply to dormant accounts.
Regulation & fund security
Regulation and Fund Security
Multi-Jurisdictional Regulation: FxPro is regulated by several top-tier authorities, including:
- Financial Conduct Authority (FCA), UK: Ensures client fund safety and high-standard financial services (FXPRO UK Limited, FRN 509956).
- Cyprus Securities and Exchange Commission (CySEC): Guarantees compliance for financial services within the EU (FXPRO Financial Services Ltd, licence 078/07).
- Dubai Financial Services Authority (DFSA): Provides a regulated trading environment for Middle Eastern clients.
- Securities Commission of The Bahamas (SCB): Ensures compliance for operations in the Caribbean and Latin America.
Client Fund Segregation: FxPro adheres to strict client fund segregation policies, storing client assets separately from company operational funds to ensure their security.
Negative Balance Protection: FxPro offers negative balance protection, preventing clients from incurring losses beyond their account balance during extreme market volatility.
Culture
Corporate Social Responsibility and Culture
Charitable Initiatives: FxPro supports various social responsibility projects, including children's hospitals, education, and sports programs.
Sports Sponsorships: FxPro has sponsored Premier League football clubs such as Fulham, Aston Villa, and Watford.
Environmental Commitment: FxPro is dedicated to reducing carbon emissions and supporting sustainability initiatives.
Risk management
Risk Management and Trading Tools
Risk Management Tools: Includes stop-loss orders, limit orders, and trailing stops to help traders manage risks.
Automated Trading Tools: Supports Expert Advisors (EAs) and algorithmic trading for automated strategies.
Risk Warnings: FxPro clearly discloses the high risks associated with CFD trading and advises clients to invest only within their risk tolerance.