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FxPro Broker Review 2018

FxPro is one of the more well-known forex brokers in 2018, not only because of its massive advertising and numerous sponsoring activities. FxPro was founded in 2006 and, according to our FxPro broker review 2018, has customers in more than 150 countries. Even the enormous popularity and success of the broker's products is taking away the question of whether customers have to fear FxPro fraud or rip-offs.

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Although FxPro does not have a branch in Germany, our FxPro broker review 2018 says there is a German-speaking customer support team that helps traders gain positive FxPro broker review 2018. More than 60 currency pairs, commodities and CFDs on equities and indices are tradable. The group of companies includes FxPro UK Ltd and FxPro Financial Services Limited. The latter is based in Cyprus and regulated by CySEC. FxPro UK Ltd is headquartered in London and regulated by the UK Securities and Exchange Commission.

FxPro offers its clients access to the Forex market through a variety of trading platforms such as FxPro's in-house FxPro cTrader or MetaTrader 4, both of which are also available in a browser-based Webtrader version. This is also the case with MetaTrader 5, which can also be used by FxPro for successful trading.

Mobile trading with MetaTrader via iPhone or Android smartphone is also possible without any problems. This means that FxPro dealers can also gain experience on the road at any time. More than 60 currency pairs plus commodities, CFDs on stocks and indices are tradable. The use of automated trading systems is possible. An additional facilitation for traders, as a result of which the broker review 2018 has drawn attention to the broker's good portfolio.

With FXPro, customers gain experience in trading over 60 currency pairs as well as numerous commodities, stocks and indices on the basis of CFDs using the proven MetaTrader 4 or its successor, the MetaTrader 5, the MT4, as well as the in-house FxPro cTrader, is available as a browser-based version, as well as a mobile trading app for iOS and Android, which also applies to the MT5.

In the cTrader account, spreads start at 0 pips, but fees are charged in the form of commissions. The FxPro broker review 2018 also does not conceal this in the interests of investors. FxPro charges $45 per million US dollars traded. A fair value, as the comparison within the industry shows. Spreads above the MetaTrader are at least 0.4 pips. The maximum leverage is 1:500, at which point the broker informs the trader as a prophylaxis against rip-offs and fraud that the high leverage is a financial risk for traders.

When trading on the cTrader, the spread starts at 0 pips, but customers must pay a commission of USD 45 per million US dollars traded - the spread on regular MT4 trading with a maximum leverage of 500:1 starts at 0.4 pips.

Experience has shown that FxPro offers an unlimited demo account to familiarize yourself with the FxPro cTrader and MT4 platforms. It is possible to open a real trading account online. An FxPro deposit can be made to FxPro Financial Services Limited by bank transfer or credit card (VISA and MasterCard) as well as debit card and PayPal, Neteller and Skrill. Customers of FxPro UK Ltd. can choose between card payments and bank transfer.

A FxPro withdrawal is possible in the same way. The minimum deposit for opening an MT4 Forex trading account is 100 Euro, the same applies to the MT5 and cTrader trading account (or equivalent in GBP, CHF, AUD, JPY, PLN or ZAR).

The offer for FxPro customers includes the possibility to open an account directly with one of the three independently regulated companies - in Cyprus or England. FxPro UK Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority. FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and operates in accordance with the Markets in Financial Instruments Directive (MiFID).

There is no bonus credited to new customers who make their first deposit on FxPro's trading account. In order to attract new customers and strengthen the relationship with existing customers, the broker has to come up with other strategies, as our FxPro broker review 2018 proves. Traders who do not want to forego this additional offer will find a bonus offer at AvaTrade.

Deposits to FxPro's trading account are made by bank transfer, credit card, Neteller, Skrill or PayPal - and withdrawals are basically the same once the trader has gone through the verification process. At least 100 Euro should be deposited - especially positive: This amount applies to all accounts.

However, traders never have to fear for their money at any time: FxPro is reliably regulated. There is no bonus for new and existing customers. If you don't want to do without this additional offer, you'll find it at AvaTrade.

Innovative online brokers often offer free demo accounts for an unlimited period of time: In the context of a demo account, beginners can gain initial experience in forex or CFD trading, while advanced traders and even professionals can benefit from such a risk-free trading account. Advanced traders use their demo account to test new trading strategies without real losses, while professionals can use their demo account to test different trading platforms for efficiency and ease of use.

For this reason, traders of all levels of experience should use the FxPro demo account: All they have to do is provide their name, e-mail address, password and the country in which they live. All that remains to be done is to determine certain parameters such as the preferred trading platform, account currency, leverage and balance, choose whether to trade through FxPro or FxPro UK and finally download the preferred trading platform. After logging in with the access data sent to the customer by e-mail, risk-free trading can finally begin via the demo account without deposit and real losses.

A demo account can be useful for beginners as well as experienced traders and even for professionals, as they can gain risk-free initial experience in CFD or Forex trading, get to know new trading platforms and test different trading strategies without having to invest real capital. Such a demo account is also available at FxPro - only a few details are required before trading with virtual capital can start.

From Monday to Friday, FxPro offers its customers 24 hours a day support in 20 languages, including German, of course. The account managers can be reached by e-mail, telephone or directly online via the so-called live chart. Another positive feature is the market news and daily reports available, allowing traders to experience FxPro even faster. In addition, the company's own chief strategist regularly publishes his opinion on market developments in his own blog. Trading beginners are supported on the homepage with training materials (tutorials) and webinars.

As our FxPro broker review 2018 shows, the company brings along a German-speaking customer support, which can be reached by mail, telephone or live chat. In addition, market news and daily reports as well as an informative blog and a comprehensive educational offer for beginners are available to the customer.

In the meantime, FxPro has joined most of the other online brokers who offer their customers an extensive educational program. Some of these advanced training courses are designed primarily for inexperienced beginners, while some others can also be used by advanced traders who wish to gain more in-depth knowledge of forex or CFD trading. From this point of view, FxPro's educational sector in Forex Broker is rather small compared to that of Forex Broker.

FxPro is limited to providing customers with training in the form of webinars, seminars and expos. While the latter is less likely to contribute to further education, but rather to promotion, webinars and seminars are now only held at irregular intervals.

Until the next webinar or seminar is held, traders will be able to view the webinars already held at the provider's video library. It also hosts not only past webinar recordings, but also weekly briefings and video clips on various topics such as the use of FxPro's trading platforms and trading features.

The FxPro Help Centre also provides customers with an extensive FAQ, the Trading Academy, a financial glossary, written guidelines and practical tools such as a trading calculator and a currency converter. However, the company's customers should note that the entire Help Centre is available in English only - sufficient English language skills are essential if you want to gain experience with the extensive Help Centre at FxPro.

In the course of time, FxPro has been able to adapt its offer to both beginners and advanced users with a need for further training: Webinars, seminars and presentations on expos promise valuable information for day-to-day trading. However, as these programs are rarely available on a regular basis, traders should instead turn to the English-language Help Centre, which provides webinar recordings, written guides, and more.

FxPro has held a licence from CySEC since March 2007. Subsequently, the broker decided to relocate his registered office to Great Britain. The company was first regulated by the UK Financial Services Authority (FSA). When this was dissolved and a large part of the responsibilities were transferred to the Financial Conduct Authority (FCA), it took over the regulation of the broker. In the meantime, FxPro has seen several changes in the licensing process.

However, this is in principle to be seen as very advantageous. A broker who decides to leave the Cypriot tax authority behind and instead chooses the British regulator is taking a big step towards seriousness and professionalism. Of course, a regulated broker in Cyprus is not necessarily dubious, but those who really want to hold their own in the serious financial services business will sooner or later have to make their way into the international financial centre of London.

This also means, of course, that the broker stores customer funds separately from his own assets and is also a member of the FSCS Deposit Protection Fund. This means that even in the event of insolvency, customers will receive back up to L50,000.

The company also takes data protection seriously. This is made clear in the data protection regulations. Here, the company clearly specifies that it will only pass on customer data for the purpose of investigations. In addition, customers wishing to make withdrawals must verify their identity in order to prevent abuse or money laundering.

In addition, the company protects all important transactions between customers and brokers with modern 128 SSL encryption.

There is no doubt about the seriousness of FxPro. The broker has deliberately decided against licensing by Cyprus in favour of a UK regulation that is considered to be clearly strict. Data protection regulations and technical standards are also completely trustworthy and leave no room for criticism.

FxPro is a reputable broker who is convinced by its transparent trading model and acts as an NDD broker, which ensures a fair and fast order processing, so fears about a potential FxPro rip-off are unfounded. The FxPro offering is clearly aimed at beginners and advanced forex traders. The minimum deposit of 100 is relatively cheap.

FxPro's goal is to become the world's most popular forex broker 2018 and the first choice for forex traders who need a user-friendly market access and world-class trading infrastructure. FxPro has already received a number of international awards, including the 2012 World Finance FX Awards and the Forex Expo Awards 2011 for Best Institutional Broker. However, the broker has received numerous other awards since then.