Looking for a global forex broker but don’t know where to start? FxPro has you covered. The broker has been around since 2006 and has established a reputation as one of the most robust yet easy to use in the world. Read on to find out about FX Pro.
FXPro Review: Login to a New Kind of Trading Program
When you visit the FxPro website, you’ll see what we mean. Before you even begin to sign up for an account, you’re prompted to choose from over 20 languages.
The company is based in Cyprus but works on a global scale. If you’re in the United States, Iran or Canada unfortunately you can’t use the program. But over 150 other countries are invited to take advantage of forex trading with FxPro.
FxPro has offices in the United Kingdom, in Dubai, the Bahamas and, of course, in Cyprus. The company is formally FxPro Financial Services limited and is regulated by the Cyprus Securities and Exchange Commission. That said, you can be assured that FxPro is legitimate and not a scam.
Ready to learn about what FxPro has to offer, and what FxPro reviews say? Here’s what the broker can do for you and your portfolio.
What is MetaTrader 4? The software was released in 2005 and it’s become one of the most popular forex electronic trading platforms in the industry. The software isn’t just a basic trading platform. Instead, its popularity is in part due to its versatility and customization options. The end user can actually write his own script, telling MetaTrader 4 exactly when to alert or initiate trades.
The MetaTrader 4 software integrates seamlessly with FxPro. As a result, with FxPro you can take control of your portfolio by charting your assets, managing your positions and even placing orders automatically.
What’s more is that you can download FxPro MT4 to your phone. It works with both Android and Apple devices, whether they be mobile phones or your tablet. You can trade forex on the go.
FxPro offers a number of account types. You can begin with a demo account if you’d like to get a feel for the system. Then, begin to trade in real time with your live trading account.
VIP accounts are offered to some individuals who meet the net worth and portfolio worth requirements. These customers have access to fee free deposits as well as SMS alerts, trade recommendations and exclusive news updates.
FxPro United Kingdom
FxPro is available to investors in the United Kingdom; FxPro UK Limited was incorporated in 2009. People who have used FxPro United Kingdom are overall satisfied with the service, but there was one common complaint.
Users said that the spreads on the demo accounts were very good. However, when they converted to a live account they weren’t satisfied with the spreads.
That said, the biggest reason for this was the speed at which the platform works. Users said that if they were able to act quickly, they could take advantage of great spreads.
Overall, FxPro United Kingdom traders were happy with the service, and were especially impressed with customer service. They claimed the customer service line was prompt and helpful and resolved any issues in a skillful manner.
Reviews from Australia were similar to those from the UK. Australian users were mostly impressed by the speed at which their accounts were opened.
Some of the most convincing reviews were from those people who had only just begun to trade. They said that the platform was easy to use and that the tools were simple to understand.
More advanced users loved that the platform and transactions were fully customizable, and that withdrawals were quick and easy. Most importantly, these investors loved that client funds are kept separate from company funds – a huge advantage for any brokerage.
FxPro Singapore reviews, as those from other parts of the globe, spoke volumes about the level of service customers received. First, customers were happy with the number of currency pairs offered. There are 69.
Secondly, many investors loved the flexibility they had in opening an account. FxPro recommends that you open an account with $500 (USD). However, you can begin to trade with a deposit of as little as $100.
Of course, Forex is the primary product of FxPro. But the platform also offers metals, energies, shares and futures, and investors loved that there were so many options.
What You Need to Know about FxPro
If you’re interested in opening an account with FxPro, you’ll need to know a few things.
First of all, as mentioned if you live in Canada, the US or Iran you’ll have to look elsewhere for a broker. FxPro is available to over 150 countries, but none in North America.
Secondly, you can open a demo account before you start trading. It’s quick and simple to sign up, and once you’re in you can play around with the spreads. You can experiment with customizable options and make yourself feel comfortable.
Then, when you’re ready, transfer your information into a live account. That, too, is simple. Once your account is verified, you’re ready to begin trading.
What we recommend is that you do take advantage of the demo account. When you use FxPro, there are a few platforms you can choose from. You’ll have the option to use MT4, MT5 or cTrader. Play with each of them to determine which one you’re most comfortable with before opening a live account.
You won’t pay high commissions with FxPro. The cost to trade equals $45 USD per million dollars of trade. That, in short, amounts to $4.50 per lot. Those commissions are charged in both directions, so you’ll pay $4.50 to open a position and $4.50 to close.
Should You Use FxPro?
With the number of platforms available to investors, it can be hard to choose just one. If you’re up in the air about whether you should choose FxPro for your Forex trading, rest assured that we can recommend it.
You’ll enjoy low commissions and the personalization that comes with the MT4 software. The company is regulated, so your investments are as safe as investments can be. And you’ll have a full range of products to choose from.
Play around with a demo account and decide for yourself. Then, enjoy the low commissions and versatility of a Forex account with FxPro.