FxPro is a contract for difference broker established in the UK by Denis Sukhotin in 2006. It primarily offers trading platforms, educational resources, financial calendars, market news and analysis, and trading tools. FxPro's services are available to non-EU residents but not to residents of the United States, Canada, the United Kingdom, Iran, North Korea, and Cuba.
Company Background
FxPro is a brokerage firm offering trading services, with its domain registered on March 26, 2002. The company is registered as FxPro Financial Services Ltd, with registration number 07807, founded in 2006, located at Karyatidon 1, Ypsonas 4193, Cyprus, and has an office at 13/14 Basinghall Street, City of London, EC2V 5BQ, United Kingdom. It also has branches in Monaco, the Bahamas, the United Arab Emirates, and Cyprus, among other countries and regions.
Regulatory Information
According to information published on FxPro's official website, the platform is regulated by several authorities, including the Cyprus Securities and Exchange Commission (CySEC), the South African Financial Sector Conduct Authority (FSCA), the Securities Commission of the Bahamas (SCB), the UK Financial Conduct Authority (FCA), the German Federal Financial Supervisory Authority (BaFin), the French Prudential Supervision and Resolution Authority (ACPR), the Spanish National Securities Market Commission (CNMV), and the Financial Services Commission (FSC) of Mauritius.
Among these, the UK Financial Conduct Authority (FCA) is a widely recognized financial regulatory body in the UK, known for its stringent and effective regulation in the global financial market. The FCA plays a pivotal role in ensuring financial market stability and fairness and in protecting consumer interests. Through a series of strict rules and measures, the FCA promotes the overall health and sustainable development of the financial industry.
Trading Products
- Futures Trading: FxPro allows investors to participate in the futures market, offering trading opportunities on various commodity futures. Investors can trade based on commodity price fluctuations. Available futures include but are not limited to gold futures, crude oil futures, and soybean futures.
- Index Trading: FxPro enables investors to trade based on the price trends of specific financial indices. Investors can trade according to index price fluctuations. Available indices include but are not limited to the S&P 500, Dow Jones Industrial Average, and Nasdaq indices.
- Stock Trading: FxPro allows users to trade a wide range of global stocks. Investors can trade based on stock price movements. Available stocks include but are not limited to Apple, Microsoft, and Alphabet, Google's parent company.
- Metal Trading: FxPro enables investors to engage in the metals market, providing trading opportunities on various metal commodities. Investors can trade based on metal price variations. Available metals include but are not limited to gold, silver, and copper.
- Energy Trading: FxPro allows investors to participate in the energy market, offering trading opportunities on various energy commodities. Investors can trade according to energy price changes. Available energy products include but are not limited to crude oil, natural gas, and coal.
Trading Software
FxPro offers a variety of trading instruments including forex, futures, indices, stocks, metals, and crude oil through the FxPro trading platform, MT4, MT5, and cTrader.
The FxPro mobile platform provides multiple solutions for traders to manage accounts, allowing trading across various platforms using just one application! The online web-based platform allows clients to use their FxPro EDGE accounts conveniently through a browser with an advanced, customizable interface and cutting-edge trading add-ons.
MetaTrader 4 (MT4) and MetaTrader 5 (MT5), developed by MetaQuotes Software, are two popular trading platform software widely used in forex trading and financial markets, providing traders with robust trading functions and analytical tools. Both MT4 and MT5 are powerful trading platforms suited to different levels of users. MT4 is ideal for beginners and standard traders, while MT5 is better suited for professionals needing more features and broader market coverage.
cTrader is a popular forex trading platform developed by Spotware Systems Ltd. It offers a range of advanced trading tools and features, designed to provide traders with a faster, more transparent, and more convenient trading experience.
Account Registration
FxPro's official website provides a link to register for a live account, with the specific registration method as follows:
First, open the FxPro website and click on “Register” at the top right corner of the homepage.
Complete the registration by following the steps and filling in the required information (such as email, identity information, and password).
Account Types
FxPro offers three different types of trading accounts: Standard account, Raw+ account, and Elite account, each requiring a minimum deposit of $100 to cater to a variety of trader needs.
Standard account: Suitable for all types of traders, with floating spreads starting from 1.2 points on MT4 or 5 points, and offers small trades.
Raw+ account: Enjoy VIP treatment, zero spreads (90% of trading days) + low commissions (up to $3.5 per lot per side).
Elite account: Just like the Raw+, you will benefit from zero spreads and receive up to a 21% commission rebate!
Deposit and Withdrawal Methods
FxPro allows deposits via BANK, VISA, Mastercard Maestro, among others, with a minimum deposit amount of $1000. Additionally, FxPro permits other companies to contact them for setting up agency services with FxPro. Its affiliated companies include FxPro UK Ltd, FxPro Global Markets Ltd, Prime Ash Capital Limited, and Invemonde Trading Ltd. When withdrawing, it is vital to adhere to the platform's withdrawal rules, including but not limited to minimum withdrawal amounts, withdrawal fees, withdrawal timings, and withdrawal methods. Keeping informed and following these rules ensures a smooth withdrawal process and helps to avoid unnecessary troubles and costs.
Customer Support
FxPro supports multiple languages including English, Spanish, French, German, Italian, Simplified Chinese, and Traditional Chinese, offering services through various channels like telephone support, email support, and online chat. Traders can contact the customer support team directly at +44 (0) 203 151 5550 for immediate assistance. Investors can also send inquiries or requests to [email protected].
Conclusion
FxPro is registered in the UK and is regulated by several financial authorities, including the UK's Financial Conduct Authority (FCA). It offers a wide range of trading products such as futures, stocks, indices, metals, and energy, supports various account types and trading software, and provides convenient deposit and withdrawal methods. Encyclopedia of Trading here reminds investors that understanding the workings of the market is crucial before starting trading. Traders should thoroughly consider their financial status and investment goals and assess their risk tolerance. Ensuring that investment strategies align with risk preferences is essential.
Currently, FxPro is marked as "normal operation" in the Encyclopedia of Trading.
