FxPro Broker Review

FxPro Broker Review

Cryptocurrency brokers

FxPro is a brokerage firm founded in 2006 that quickly expanded into a global broker. In 2012, it went through a critical expansion at an exponential rate, establishing it as one of the top brokers today. In 2015, it was named “Best Broker” by the Financial Times.

FxPro Background and Security

FxPro offers services on CFDs trading on a total of six assets: currencies, shares, futures, spot indices, spot energies, and spot metals. This broker provides the best possible standards when it comes to trade execution, top-class liquidity, and no dealing desk interference. 

FxPro UK Limited is licensed to operate and regulated by the Financial Conduct Authority since 2010. Its office in Cyprus, FxPro Financial Services Limited operates under the regulation of the Cyprus Securities and Exchange Commission since 2007 and the Financial Sector Conduct Authority since 2015. It also has an arm in The Bahamas, the FxPro Global Markets Limited, which is regulated by the Securities Commission of The Bahamas. 

FxPro UK LTD is also a registered international trade supplier of “Invest in Great Britain and Northern Ireland.” So far in the 15 years that this broker has offered its services to the markets, it won 75 international awards and garnered 7 global sponsorships. It is guaranteed to offer quality services with high-grade security measures.  

FxPro Broker Review

FxPro Trading Platforms

FxPro provides a wide range of trading platforms that clients can freely choose from. It seamlessly integrates MetaTrader4 and 5 into its services, along with its own FxPro Trading Platform and the young and upcoming cTrader. 

Each of these platforms does provide a different approach in trading and some may be more favourable to traders than others. It all boils down to preference. For starters, MT4 is considered a classic in foreign exchange markets because of its fast execution, high functionality, and user-friendly interface. It is the most popular platform especially for forex traders and even prompted its developer, MetaQuotes to create a subsequent platform. Its successor, MT5 is a multi-asset platform that was created with the vision of complementing MT4. It offers the same high-level functionality and fast execution, along with the opportunity to trade in cryptocurrencies, energies, and futures. 

On the other hand, FxPro’s own trading platform was developed as part of the broker’s expansion plan. It features a convenient and intuitive interface that aids even the most novice traders. This proprietary forex trading platform specifically caters to the needs and preferences of FxPro’s clients. The last platform, cTrader, is a new and young platform that was only recently launched to the public. Still, it already has a loyal following of investors whose main takeaway for a platform is the ability to provide high-grade market analysis and access to full market depth. 

FxPro Broker Review

FxPro Analysis & Trading Tools

FxPro provides basic research and educational tools such as an Economic Calendar, Online Education or e-courses, Market News, and Trading Central. The Economic Calendar is a minute-by-minute reportage of significant financial and economic updates, including the price movements of each asset. It allows traders to formulate a trading plan that will help them strategize each of their trades. This tool contains previous economic events, reports to be released, forecasts, and volatility.

The Market News, on the other hand is a more thorough reporting of the most important market events such as the movement of the USD. It provides insights, expert market analysis, and updates. The Online Education is divided into two levels: Beginners and Advanced. Basically, it factors its set of electronic courses to two groups of traders. Beginners will learn the basics of trading, forex terminologies, and even strategies. Meanwhile, Advanced focuses on knowledge review and further expansion of trading knowledge. The last tool, Trading Central, is the industry’s leading provider of technical analysis, serving over 100 financial institutions in 30 countries. It covers from trading ideas to strategy assessment. 

In the area of forex tools, it has Algorithmic Trading, FxPro VPS, and FxPro Calculators. The former helps traders turn their own trading strategies into algorithms that automatically run their trades. The FxPro Virtual Private Server provides efficient trading around the clock without down time once traders upload their algorithms on it. Meanwhile, the Calculators help traders calculate the margin, pip value, swap, profit, and commissions to get a clearer picture of their trades’ possible turnout.

FxPro Conclusion

FxPro is a multi-awarded brokerage firm that operates in five jurisdictions. It is a reputable broker that has a big client base and high-grade security measures.  It offers an extensive range of services from its platforms, to its accounts, and to its analysis and trading tools. It is continuing to expand its brand and establishing more offices around the world. This broker has much to offer and many traders would find it beneficial to trade with it.