We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. FxPro provides numerous options for algorithmic trading, including platforms and execution methods which allow it to cater well to the needs of active traders that use automated trading systems. As a result, FxPro earned Best in Class honors for Algo Trading and MetaTrader in our 2024 Annual Awards.

Traders simply need to select the instrument, decide which price to alert (bid or ask), and then choose to alert when the price is higher or lower than a selected level. The trader can even create a customized pop‑up message to deliver as well. Use our country selector tool to view available brokers in your country. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Education

1. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
2. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
3. FxPro is best for forex and CFD traders who want a wealth of choices in trading markets.
4. The trader can even create a customized pop‑up message to deliver as well.
5. FxPro competes among the top MetaTrader and cTrader brokers, featuring multiple account options and multiple execution methods, and platforms.

Unlike other brokers, FxPro offers streaming mobile news with major news headlines that can impact markets. This allows traders to follow market developments on the go in real time. Conditional orders are easy and straightforward to set up with various types on offer. Traders can choose between market, limit, stop, and stop‑limit orders. Traders can also specify when the order will expire, providing another degree of control.

Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. FxPro has one of the highest counterparty credit ratings in the industry, scoring 96 on a 100-point scale, where a high score indicates a lower risk of default or bankruptcy. They also participate in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent.

Compare FxPro Competitors

FxPro prides itself on its “five‑star customer service,” specifically its multilingual, 24‑hour Monday‑through‑Friday (24/5) customer service team. Its live phone support operates in several locations, which include the United Kingdom, Cyprus, Monaco, Bahamas, and the United Arab Emirates. Simulated demo‑account trading is available but only after providing personal identification documents.

More by FxPro

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our full explanation and accounting of our research and testing process to learn more about how we test. Founded in 2006, FxPro has executed more than 600 million orders since its inception and has serviced 1.8 million clients in over 173 countries. The FxPro brand holds regulatory licenses in the United Kingdom under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, as well as in South Africa, the Bahamas, and Seychelles.

FxPro has an educational page providing beginners with content to learn about trading, CFDs, finance, and other topics relevant to the company’s offerings. FxPro also has an advanced education section for those who already know the basics. For more content, their YouTube channel also has a short educational playlist. FxPro also provides a glossary of CFD terms, which is not something every broker provides.

They also offer some basic daily fundamental research and work with Trading Central to offer technical analysis. Two areas where FxPro has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering. These tools seem to be available even for traders who do not have an account with FxPro.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The range of symbols available at FxPro will largely depend on your chosen trading platform. For traders that choose to use MetaTrader’s suite of platforms, FxPro offers over 400 CFDs, including forex, shares, indices, metals, and cryptocurrencies, compared to xcritical reviews roughly 100 for its cTrader offering. There are also thousands of shares available to trade in FxPro’s BnkPro app, though it isn’t yet fully available globally. The following table summarizes the different investment products available to FxPro clients.

This allows the company to minimize risk and costs without interfering with orders in any way. FxPro does not seem to offer any discounts for higher-volume traders on the couple commission types it does charge. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. FxPro’s primary drawback is its higher-than-average pricing, which just can’t compete with the lowest-cost forex brokers, even on its lowest spreads available via its cTrader platform offering.

Can I Use FxPro in the U.S.?

FxPro offers clients a wide range of desktop trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Trading Platform. The desktop browser experience is in line with the industry average and allows traders to easily execute trades with clear and transparent pricing. Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MetaTrader 5 and will simply cancel offsetting orders. FxPro’s research and insights tools are above average for the industry. Like many brokers, FxPro offers a macroeconomic calendar to track important releases that can impact markets.

FxPro’s education section provides written materials along with a handful of educational videos. FxPro has built a good foundation of educational content, yet the quantity and scope of available materials falls behind what is offered by education leaders such as IG, Saxo, and FXCM. FxPro is in the contracts for difference (CFD) and spread betting market in the U.K. Since then, the company has executed more than 445 million orders and was voted the U.K.’s most trusted forex brand by Global Brands Magazine in 2017. Our editors independently research and recommend the best products and services. You can learn more xcritical scam about ourindependent review processand partners in ouradvertiser disclosure.

It offers clients negative balance protection under new EU xcriticals that prevent clients from losing more money than they have deposited. FxPro scores quite well when it comes to reputation and trustworthiness. Most importantly, it is regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. FxPro also advertises that it has one of the highest counterparty credit ratings in the industry, scoring 96 on a 100-point scale, where a high score indicates a lower risk of default or bankruptcy.

FxPro competes among the top MetaTrader and cTrader brokers, featuring multiple account options and multiple execution methods, and platforms. It provides its own proprietary FxPro Edge app available for web and mobile alongside access to the BnkPro app and Invest Web platform. FxPro is a well-capitalized, trustworthy broker that offers multiple platform options, multiple trade execution methods, and can cleanly execute large orders for professional traders. FxPro also offers a Virtual Private Server (VPS) that enables clients to upload and run MetaTrader 4 Expert Advisors and algo bots 24 hours a day without needing to keep a trading terminal running. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Traders can choose multiple time frames to monitor and can easily add multiple trading indicators, such as moving averages. After setting up a chart, the mobile app allows traders to easily trade from the chart, with easy trade sizing and buy and sell directional orders. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.