FxPro is a well-known brokerage firm providing online trading services. Founded in 1999, it is regulated by multiple financial authorities. The broker offers access to various markets, including forex, stocks, commodities, and cryptocurrencies.
Key Information About FxPro
Below is a table with essential data about FxPro:
Available Platforms: MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge
Minimum Deposit: $100
Account Types: Standard, Raw+, cTrader
Fees: Spread or fixed commission
Withdrawal Methods: Bank transfer, e-wallets, cards
FxPro Licenses and Regulation
FxPro is regulated by multiple financial authorities:
FCA (UK) – strict oversight of financial firms.
CySEC (Cyprus) – European regulation under MiFID II.
FSCA (South Africa) – oversight for brokerage operations in Africa.
SCB (Bahamas) – international financial supervision.
This multi-tiered regulatory framework ensures high client protection.
Client Fund Security and Reliability
FxPro keeps client funds in segregated accounts at top-tier banks, preventing misuse. The broker also offers negative balance protection, ensuring losses don’t exceed deposits.
Trading Conditions and Spreads
Spreads vary depending on the account type and platform:
MetaTrader 4 (Standard Account) – spreads from 1.2 pips.
MetaTrader 5 – spreads from 0.6 pips.
cTrader (Raw+) – spreads from 0.0 pips + commission.
The minimum deposit is $100, making it accessible for beginners.
MetaTrader 4 – a classic platform with extensive indicators.
MetaTrader 5 – an improved version with more features.
cTrader – designed for professional traders.
FxPro Edge – a web-based customizable platform.
Deposits and Withdrawals
Funding methods include:
Bank cards (Visa, MasterCard).
E-wallets (PayPal, Skrill, Neteller).
Bank transfers.
Withdrawals take 1-3 business days, depending on the method.
User Reviews and Reputation
Most users highlight the platform’s convenience and low spreads. However, some complaints mention slow withdrawals.
Customer Support
Support is available 24/5 via:
Live chat.
Email.
Phone support.
FxPro Pros and Cons
Pros
✔ Strong regulation.
✔ Multiple platforms.
✔ Competitive spreads.
✔ Wide range of assets.
Cons
✖ Withdrawals may take time.
✖ No 24/7 support.
Conclusion: Is FxPro a Legit Broker?
FxPro is a licensed broker with a solid reputation. Its multiple regulatory approvals confirm its legitimacy. However, traders should be aware of potential withdrawal delays.