The FxPro is part of a bigger company called FxPro Group, which was established in 2006. Besides the FxPro, the Fxpro Group involves many other sub companies such as FxPro Global Markets limited, FxPro Finacia services Ltd and FxPro Global Markets MENA. Each of these sister companies work in different jurisdictions and on different markets, but still all have the FxPro brand in common.
The companies reasoning for the way of during business is so they can work within a lot of different regulatory requirements set by different geographical regions. This then ensures the clients safety and protection no matter the trader physical location.
As already stated the trading platforms are operated by many sister companies working with different jurisdictions. The management strategies give way for them to have several business and regulatory licenses all issued by different agencies. If you are located in Europe you, as a trader, will be under the laws and regulation of the FxPro Financial Services Limited, which has the MiFID compliant license under the number 07/807 which is issued by The Cyprus securities and Exchange Commission aka CySEC.
The UK based company FxPro UK Ltd is regulated and restricted according to the laws and guideline of the Financial Conduct Authority (FCA).Traders located in Dubai will be services by the FxPro under department; FxPro Global Markets MENA Ltd, this section of FxPro is regulated by the Dubai Financial Services Authority. And for all using the platform based anywhere else, the service is provided on FxPro Global Markets Ltd, which is under the oversight of the Securities Commission of the Bahamas (SCB) with the license number SIA-F184. With all of the oversight and vigorous security nitpickery, any users, anywhere in the world can feel safe and secures that they will be treated fairly and if not, they will have a place to file a complaint with a recognized regulatory agency.
An extra layer of protection and safety is provided for UK based users of their platform. Since when you operate from the UK the brokerage has to comply with the UK’s Financial Services Compensation Scheme, which means that a trader in case of insolvency of their funds, can file compensations letter with a demand of maximum £50,000 pounds sterling. If not in UK and just based in Europe, clients will be in the protective stable of a similar scheme run by an investor’s fund which is tied to CySEC, here the maximum compensation is €20,000 Euros if FxPro should not uphold their part of the contract.
It is almost impossible not to feel in good hands when dealing with this brokerage, considering the combination of huge amount of regulatory oversight and the Compensation Schemes ability to compensate any money stuck if contracts are breached.
FxPro offer their trader a great range of platforms, which gives a great freedom to choose what fits you the best. This trait is one of the positives that attract traders from all levels of the spectrums of expertise.
As many other brokerages FxPro offers the platform Metatrader, both the 4 and 5 versions. This is the most used platform by many brokers since it have been tried and tested many times over and have proven itself both reliant and efficient. This platform offers a great variety of trading tools and has the ability to make analysis in such depth that the trader has a good opportunity to stay ahead of the market and the competition. The MT4s automated trading enabled by expert advisors are a mush used tool by many staring trader. The platform also has the great feature of negative balance protection, which guarantees that you will never lose more than you put into it.
Another heavily used platform used and offered by a lot of brokers, cTrader, is also available at FxPro. The platform excels by being designed specifically for CFD trading, allowing the user to have multiple charts open at the same time, giving a great insight in the market. As it is known Bid and ASK can be pulled from many different places, but the FxPro cTrader will always give you the best quotes available anywhere.
The platform is open of the newest shoots from the trunk of trading platforms. This platform differs by being web based and therefore has a greater chance of finding the most competitive pricing levels, plus it gives clients fantastic executions on their trades. This platform was developed to meet the wishes of all the traders who did not want to either download or install trading software and it is always nice to not having to take up space on your desktop, installing new software. The features of the platform are advanced charting options, one click trading plus a grand variety of technical indicators.
If you are a programming-type of trader, FxPro have made platforms just for you. On the platform you have the possibility of writing code to control your trading strategies and apply home written algorithms to pull data from the market and take the best decisions on behalf of that. The 2 platforms available for this kind of trading are cAlgo an FxPro Quant. These platforms are for the top traders with an in-depth knowledge of programming, but once mastered you can completely control all parameters which in the end can make better and more individual strategies.
In the busy days of today, many traders will always be on the way somewhere or unable to reach a desktop from their location. FxPro saw this and made a mobile platform the trader on the road. The app platform is compatible with ios, Android and Windows devices of all kinds, both mobile, tablets and other similar devices. This makes trading on the go a breeze for FxPro clients, giving them independence from desktop computers.
FxPro offers 4 different account types which are associated to the different platform they offer. All the difference in features available on the accounts is linked to the platforms. The types and features are as follow;
There are no differences in the availabilities of deposits, withdrawals and minimum- deposits or trades for any of these accounts. Which mean no minimum deposit requirement to open an account, when that’s said FxPro recommends the new clients put in $500, when getting started. Since the platforms where explained in the segment above, there is little more to say about the account types.
FxPro offer all the normal tradable assets. In their portfolio are CFDs for currency pairs, Futures, Stocks, Spot Market Indices, Spot Metals and Spot Energies. As goes for the spread on the trades, FxPro are not in control of those, this is solely up the platforms on which you have an account and which asset the client wants to trade in. the minimum spread for a MT4 account is 1.2 pips, as for a MT5 account and FxPro cTrader account minimum is set at 1.4 pips and 0.3 pips. The market account will give you a minimum of 1.2 pips.
As mentioned above FxPro does business in all parts of the world and can be considered a quite international brokerage. Because of this the have also made the customer service available in many different languages, for than a dozen actually. They offers immediate help to their clients 24/7 5 days a week through telephone, email and live chat. And if you are in no hurry the offer a call back service as well, so they will call you back when they have time to sort out your issues.
Both deposits and withdrawals go through the same channels. Transfers can be made broker to broker or through eWallets, creditcards, and bank wire transfers. The selections of eWallets you can use are PayPal, UnionPay, Neteller and Skrill.
Accepted; Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries
Not accepted; Iran, United States, Canada, Zimbabwe, Myanmar, New Zealand, Iraq
