REVIEW - FXPro CFD Broker

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Overview

FxPro was established 2000 and over the years with a restructuring has enabled it to become the giant that it is in forex trading. From its office in London where it was established, it has managed to spread to 150 other countries around the world and also increasing its offices to four in Cyprus, Dubai, and the Bahamas.

Features

• Provision of a VPS server
• Trading signals
• OCO orders
• Support of the Autochartist system
• Web-based platform
• Cashback rebate

Trading Accounts

FxPro has a host of trading accounts under its banner that will allow a client signed in to trade. Each type of trading account has unique features designed to cater to the respective different clientele's taste and preferences.

Trading Features:

• Scalping
• Hedging
• Trading with expert advisers
• Trailing stop
• Trading 24 hours a day

Of these accounts, there are the demo account, the live trading account, and the premium account.

FxPro Demo Account

The FxPro demo account is an account that has been created to help demonstrate the execution of trades to newbies or clients with little or no information on the forex trading concept. It will take the client through the various steps of trade execution and even the client will be able to trade with real-life conditions only that they will use virtual funds.

FxPro Live Trading Account

This is the basic account type in this platform. It is designed to meet the needs of both inexperienced and professional traders. It feature are highlighted as follows.

• Instant and market execution available
• Negative balance protection
• Utilizes a host of base currencies from the euro, the United States dollar, the Australian dollar, the Great Britain pound, the South African rand and also the Japanese yen
• Granted access to a wide range of trading instruments.

FxPro Premium Account

The premium account also referred to as the VIP account is an account type that has been crafted to meet the needs of professional traders who stake in large amounts of funds for them to trade. This account has to be signed up for as a request and upon meeting the set requirements you will get the premium account. Among the requirements is that you need to have $50000 or more or currency equivalents in deposits.

Among the benefits and features that come with having this type of account are:

• An account holder will be provided for with an account manager whose task is to run our account and make necessary adjustments to maximize on trades. They may also offer advisory services pertaining to trade executions.
• No withdrawal or deposit fees incurred by the account holder as FxPro already handles this for its VIP clients.
• Gain access to a free VPS server for an enhanced trading environment.

Security of Funds

FxPro was established in the year 2006 as earlier indicated and with a presence in over 150 countries worldwide. This is due to its awesome customer relations and also the lucrative deals it brings over to the table when dealing with clients. As a result of this FxPro has managed to bag a lot of awards to its name in parameters of the best trading conditions as well as superb customer service.

FxPro has the right team of staff who work round the clock with dedication. They will answer clients' queries as well as help them where help is needed giving them a good clientele experience.

FxPro in compliance with the laws set in the countries it carries out its trading operation has the right documentation in licensing and regulation from the concerned regulatory authorities. Among the licenses it has its hands on include:

• A valid license from the financial conduct authority (FCA) from the United Kingdom.
• A license from the Cyprus Securities and Exchange Commission (CySEC).
• A valid operation license from South Africa’s financial services board (FSB).
• A license from United Arab Emirates’ Dubai financial services authority (DFSA).
• A clean bill of operation from the securities commission of the Bahamas (SCB).

In keeping up with the regulations governing it from the regulatory bodies, FxPro ensures that clients’ funds in its possession are kept safe and secure. Among the measures it has employed in keeping these funds secure include:

Operating segregated bank accounts, one for their operational funds and the other for clients' funds. This prevents the funds from causing a mix-up.

Investor protection courtesy of being a member of the financial services compensations Scheme (FSCS) which will provide aid in case of liquidation.

Partnerships with major banks that will store the clients’ funds safely.

Trading Conditions

Minimum Initial Deposit

The minimum initial deposit stands at 500 units of your base currency. This amount will serve as your base trading capital and also as your trading shield in case of losses.

Position Sizes

The minimum position size is 0.01 while the maximum position size is 10000.

Commissions

No commission is charged at all while trading.

Trading Platforms

FxPro uses among the best trading platforms that have the much-needed versatility factor in trade execution and with other amazing features packed into them. The trading platforms that it uses are the FxPro metatrader4, FxPro MetaTrader 5, FxPro ctrader and FxPro edge. Their features are as outlined.

FxPro Metatrader 4 Platform

• Supports fixed and floating spreads
• Offers dynamic leverage
• Expert advisors supported
• Negative balance protection. Offers both instant and market execution types.
• Offers tick chart trading
• Gives market depth information
• Negative balance protection
• Added timeframes, charting and drawing tools
• Lucrative spreads of 0 pips on major pairs
• Dynamic leverage
• Negative balance protection
• No requotes
• Full market depth analysis
• Tax-free
• No commissions charged
• Tight spreads

Other platforms include:

• FxPro MetaTrader 5
• FxPro Ctrader
• FxPro Edge

Promotions

The following are the currently available promotions on offer by FxPro.

• Cash rebate program where you will get a rebate as you trade.

Deposits And Withdrawals

Deposits and withdrawals are very easy to execute while dealing with FxPro. A client can use a variety of channels to transact and they include the credit or debit cards such as Visa or MasterCard, PayPal, Neteller, Skrill and also bank transfer. Transaction fees vary with the channel you are using but it takes a short processing time to be effected.

Summary

In conclusion, this is one of the best traders with the best products irrespective of your needs. A look at the FxPro customer comments and reviews show you what a credible trader it is. This is a recommended site for anyone who wants to venture into forex trading.

Reprinted from Topbrokers, the copyright all reserved by the original author.