Is FxPro a scam?
Detailed review
Page content
1. Terms of trading with FxPro
2. Platform fxpro
2.1 Broker Quotes
3. FxPro demo account
4. FxPro mobile application
5. Bonuses at FxPro
6. Deposit and withdrawal of earnings from FxPro
7. Complaints on FxPro.
8. The regulator of the broker FxPro
8.1 User agreement fxpro.com
9. Is FxPro a scam?
10. Conclusion
11. reviews
The largest company on the market of Forex brokers FxPro has been providing its services for more than 13 years. Since 2006 you can notice a rapid and successful development, expansion of the spheres of activity: from standard brokerage services to trading currency pairs, futures, stocks, stock indices, metals (including precious ones) and energy sources. Having received the first license from the United Kingdom of Great Britain and Northern Ireland regulator, FxPro was able to enter the European economic market. Then, having firmly established itself in the European market and having increased the flow of the clientele, he opened representative offices all over the world: Dubai, Russia, Cyprus and other countries.
Clients can freely access 70 currency pairs, almost 30 indices and over 150 stocks from companies including such giants as Google, Apple, Twitter and others. FxPro also offers 20 financial instruments with no fees and leverage dynamics, such as 1:500 leverage, with the possibility of combining floating and fixed spreads. And for VIP-clients we offer particularly interesting trading conditions. Impressive data and tempting offers, but, most importantly, is it a reliable trader? Can it be trusted, can it be invested? Is it possible that forex broker FxPro is a scam? Let us check https://tradersunion.com !
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Terms of trading with FxPro
Trading conditions, legal entities and approvals directly depend on the territorial location of the brokerage company's representative office. FxPro offers its clients different ways of trading via terminals to choose from. There is a mobile application and a virtual version for practically each of the trading platforms. The deposit recommended initially is $500. But the account can also be opened in an offshore branch, reducing the entry amount to $100.
Is FxPro a scam? Reviews
The speed of making and executing trades, how fast the opening and closing will be depends directly on the choice of account and execution, which corresponds to the type of account chosen. According to traders' observations, MT5 and cTrader have a higher speed of order processing and response. For new clients the company offers trading educational materials: articles for those who are making their first steps on the brokerage market, articles for more in-depth study on their own, glossary of terms. Free seminars and webinars are held periodically on the website.
Platform
FxPro has four main types of platforms and accounts, where each client can find the most profitable offers on the website, let's consider them in detail:
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FxPro MT4. Includes about 70 currency pairs, 6 metals, futures, stocks, indices and commodities. Execution is through Market Execution or through Instant. Available leverage ranges from 1:1 to 1:1500. Spreads are either floating (from 1.2 pips on Market Execution) or fixed (from 1.4 pips on Instant Execution). There's also dealing (by phone) available to open and close different trades. No commission.
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FxPro MT5. Includes currency pairs, commodities and metals, energy sources. Trading platform - Metatrader 5 (special trading terminal). Spreads are floating, starting at a minimum of 1.4 pips on market execution (average spread is usually slightly above the minimum spread). There are no commissions.
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FxPro cTrader. Includes currency pairs, indices, metals and commodities. Execution occurs via Market Execution. Quotes are in 5 digits. Spreads are dynamic, starting at a minimum of 0.3 pips and widening to 0.9 pips on Market Execution. There is an opportunity for clients to open a demo account on this type of account. There is a commission.
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FxPro Markets. Includes currency pairs, precious metals. We provide a leverage of 1:1500. Spreads are floating.
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In order to simplify and facilitate transactions, the broker offers additional tools to make trading more comfortable:
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FxPro Direct - a mobile application in which the client can get acquainted with the current information and the state of the financial market. Possibility to choose platforms and wallet management (depositing and withdrawal of funds from the trading account).
FxPro trading with a broker
Find out trading conditions
Inside trader's panel in the personal cabinet - the possibility to control own positions in real-time mode. Also, get quick information on the events happening in the world currency market.
Trading Central (up-to-date analytics). Profotech analysis from agencies directly in the trading platforms. Get up-to-date information about when to enter and open new positions.
FxPro Tools. Mobile application for real-time monitoring of financial assets. Application includes economic news, take-profit and loss-stop levels calculation.
cTrader Automate. Mobile application for testing Expert Advisors and indicators, with the ability to edit code.
Broker Quotes
Evaluating the spreads of the broker FxPro, we can conclude that the quality of trading is at the highest level. Slippage in transactions passes quickly, the speed of execution is high, often to the side of the client, which is a definite plus. Slippage size is sufficient and tangible, the volatility in the spreads is at a pleasantly high level. Quotes for currency pairs (with fixed spreads) can only be viewed on the FxPro MT4 platform. The accuracy of all quotations for the major pairs is up to the 5th digit.
FxPro Demo Account
FxPro is very receptive to newcomers in financial markets. In addition to providing manuals to get acquainted with the brokerage activity, there is an opportunity to open a demo account. What can be interesting about this service? The client is given an account with virtual funds (demo balance) in the amount of 500,000. All major platforms are available. Once you are almost in the real world of trading, you can try yourself as a successful broker, get acquainted with the functions, consider the system of deals, the way of conducting transactions, try out new knowledge by opening an account.
Mobile application FxPro
For its clients FxPro broker developed a new mobile application with a full range of the most necessary functions. With the help of mobile device you can receive latest market news, manage your purse, transfer funds and replenish your account. Right from the phone it is available:
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to open new trading accounts with the definition of settings;
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quickly make basic operations on accounts;
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to be aware of the latest news and releases;
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Receive notifications about market volatility;
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upload documentation and manage account credentials;
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have twenty-four-hour technical support service;
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to pay for transactions, purchases, services;
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make transactions at a high security level.
Bonuses at FxPro
In order to support the successful competition on the brokerage market, FxPro holds promotions, webinars, seminars and produces a news block. Provides a free demo account for use and familiarization. FxPro believes that bonuses are an economic gimmick, misleading clients and forcing them to comply with rigid and unfavorable conditions with restrictions on the withdrawal of earned funds. The company is categorically against the bonus program, wanting to remain in an honest relationship and offering only transparent and clear conditions for profitable cooperation. Providing quality service is of paramount importance.
Depositing and withdrawing with FxPro
Methods of deposit and withdrawal of earnings will directly depend on the broker's jurisdiction chosen by the clients. Min deposit is $500. One of the most exit jurisdictions from the list is Cyprus. Deposit/withdrawal methods are as follows:
Deposit time varies from 10 to 50 minutes. The commission for deposit - is not charged! It is worth noting and will not be superfluous to remember that the withdrawal will be carried out on the same payment details that were used to replenish your account. Time to process withdrawal request - up to 24 hours. Withdrawal fees are also free of charge. In order to withdraw funds you will have to make a transfer from your trading account to your internal wallet. Then you will have to transfer funds from the internal wallet to your payment details. There, in the personal office on the official website, the client can view the history of all transactions made.
Complaints about FxPro
No matter how reliable and good a broker is, there will always be complaints. They can be customers who have encountered real difficulties or competitors who want to spoil the company's reputation in dishonest ways. When reading negative or positive fxpro review, first of all, it is important to pay attention - are they real? When the review is written by a person who obviously doesn't know the intricacies of the brokerage market, often showering the comment with terms appropriate and inappropriate - it's a clear profanation.
The financial market, especially the sphere of brokers is not just about investing money and easy profits (the whole truth about Forex). It is a filigree independent work, the knowledge of the intricacies and principles of trading and deep immersion into the economic structure with a certain knowledge of the device and making profitable deals. Not every user is ready to do it on his own, watching the quotes, which is why you can often see on the Internet traders' dissatisfied remarks about with big investments and minimal profit.
There are practically no complaints about the speed of the platform, deposits and withdrawals. There are a few reviews about the fact that a large amount of documentation is required for registration. On the other hand, this is more of a plus than a minus, as it speaks of guarantees and more confidence in the broker.
If there are any complaints about FxPro, we will be sure to post the information on social media. Sign up to stay up to date with the news.
FxPro broker regulator
Regardless of the anticipated amount invested, you should always be aware of the regulatory documentation. Money is a big responsibility. And your money is a lot of hard work and precious time invested in it. That's why getting to know the guarantees and licenses that a broker provides is a must! There were opened offices in Russia, Monaco, UK and Cyprus for clients. The company's website is translated into 17 languages.
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Check FxPro license on CySEC site
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Check FxPro license on the FCA site
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Check FxPro license on DFSA site
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Check FxPro license on SCB site
User agreement fxpro
Well studied user agreement will be the guarantor of the fact that client is aware of the platform work process details, knows his rights and possibilities as well as of the responsibility both own and from the broker's side. To be aware of the special conditions, violations, conclusion and termination of the cooperation agreement, it is necessary to carefully study all documentation offered and highlight the important points.
FxPro provides its clients with the information in full. First of all it is the client agreement itself which contains all regulating moments between the company and the client. For example, the regulation of conflicts of the parties:
FxPro disputes.
Regarding the policy of correct execution of orders itself, a separate documentation fully describing the existing processes, including terminology and the sequence of operations. There is also a separate documentation for fixed spreads, where you can find useful comments and clarifications.
Is FxPro a scam?
The broker FxPro is not the first year confidently occupies a leading position in the financial market. It has representative offices in major countries, including Europe, and has clients practically in every corner of the world. Interesting offers for the beginning brokers with training programs and free demo account. A wide range of services and offers, availability of acceptable minimum deposit and innovative ways of investing, modern available applications for increasing own funds - all this is present in full (forex trading).
Yes, there are dissatisfied clients, certainly there are complaints, just observers-critics, finally. Whether these are real clients and whether they are competent in their business is another question. But is the company worthy of attention and trust? Can we say that a broker that has firmly established itself as a top financial investment leader for the past 13 years, FxPro is a scam? Definitely not. With competent investing and constant monitoring of the financial market, users receive excellent benefits and are happy with the support service.
Conclusion
FxPro is one of the main market leaders of brokers and the top company in the forex trading environment. Low initial deposit, as many as 4 operating licenses, adherence to commitments, respectful and caring attitude towards its clients - these are the arguments and obvious advantages speak for themselves. Modern reality offers modern ways to make money. Instant changes of currencies, cost of precious metals, shares, securities - all this is a frightening and insanely interesting world of brokers. Yesterday's ordinary middle manager can become a millionaire today in an instant! Indulge in a routine of gray everyday life, existing from paycheck to paycheck, or lay a solid foundation of material wealth - the choice is yours.