Global Forex Broker Regulatory Inquiry APP

Score

7.72 /10
Good

FxPro

United Kingdom

15-20 years

Regulated in United Kingdom

Market Making(MM)

MT4/5 full license

Global Business

High potential risk

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Comparison

Quantity 18

Exposure

Open Account
Website

Score

License Index 8.50
Business Index 8.79
Risk Management Index 0.00
Software Index 9.87
Regulatory Index 8.47
The WikiFX Score of this broker is reduced because of too many complaints!
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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Contact number

English

+44 (0) 203 151 5550

English

+357 25 969 200

English

+1 242 603 2224

English

+971 (0) 4 44243023

Broker Information

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Company Name

FXPRO UK Limited

Company Abbreviation

FxPro

Platform registered country and region

United Kingdom

Company website

Twitter

Facebook

Instagram

YouTube

Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2023-06-05
  • The number of the complaints received by WikiFX have reached 18 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

FxPro · Benchmark
Average transaction speed(ms)
417.2 Good
The highest transaction speed(ms)
93 Great
The highest speed of opening positions(ms)
93 Great
The highest speed of closing position(ms)
172 Good
The lowest speed of opening positions(ms)
1593 Good
The lowest speed of closing position(ms)
1730
Ranking: 95 / 121
Test user 156
Transactions 1,045
Ocuppied margin $182,865 USD
Data Source WikiFX Data provide
Updated: 2023-06-02 01:06:00
Pyramid scheme complaint
Expose

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • Washington
    • 434***
    • GBPUSD
    • 06-01 18:26:09
    • Taipei
    • 104***
    • USDJPY
    • 06-02 18:37:35
    • Bangkok
    • 694***
    • USDJPY
    • 06-02 22:32:03

    Stop Out

    1.15%

    Stop Out Symbol Distribution

    6 months

    Sources
    FxPro · Company summary
    FxPro Basic Information
    Company Name FXPRO UK Limited
    Founded 2006
    Headquarters London, UK
    Regulations FCA, CySEC
    Tradable Assets Forex, Stocks, Futures, Indices, Metals, Energies, Cryptocurrencies
    Account Types Demo Account, Live Account
    Minimum Deposit $100
    Maximum Leverage 1:200
    Deposit & Withdrawal Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, China UnionPay, mPay, FasaPay, Webmoney
    Trading Platforms MetaTrader 4, MetaTrader 5, cTrader, FxPro Trading Platform
    Customer Support Multilingual customer support through Phone, Email, Live Chat
    Education Resources Webinars, Articles, Videos, eBooks, Tutorials
    Bonus Offerings None

    Overview of FxPro

    Founded in 2006, FxPro is a reputable UK-based forex broker that provides online trading services to a global audience. With over 70 financial instruments available for trading, FxPro offers its clients a diverse range of products, including forex, shares, indices, futures, and spot metals. The broker provides clients with access to multiple trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its proprietary platform, FxPro trading platform, FxPro trading App, and cTrader.

    In addition to its trading services, FxPro provides clients with a range of educational resources, including webinars, video tutorials, and market analysis tools. The broker offers 24/5 customer support in over 20 languages, ensuring that clients can receive assistance in their preferred language at any time of the day or night. FxPro also provides its clients with a range of payment options, including credit/debit cards, bank transfers, and various e-wallets, making it easy to deposit and withdraw funds from their trading accounts.

    basic-info

    Is Fxpro legit or a scam?

    Yes, FxPro is regulated by several reputable financial regulatory bodies in different jurisdictions where it operates. These regulatory bodies ensure that FxPro adheres to strict standards of financial stability, security, transparency, and fair trading practices.

    FxPro UK Limited is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with registration number 509956.

    regulation

    FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 078/07.

    regulation

    Pros and Cons

    Pros Cons
    Regulated by FCA and CYSEC Limited account types and trading instruments
    Multiple choices of trading platforms to choose from Limited educational resources for beginners
    Multiple account funding and withdrawal options Inactivity fee charged after 6 months of inactivity
    Negative balance protection for retail clients Limited availability in certain countries
    Multiple base currencies available for accounts No fixed spread accounts
    Limited customer support availability on weekends

    Market Intruments

    FXPro offers a diverse range of trading instruments to its clients, including Forex currency pairs, indices, commodities, shares, and futures. The broker offers over 70 currency pairs, including majors, minors, and exotic pairs, with competitive spreads starting from 0 pips. In addition, FXPro provides traders with access to a variety of indices, such as S&P 500, NASDAQ, DAX, and FTSE 100, among others. The broker also offers commodities such as gold, silver, oil, and gas, along with futures contracts on indices, energies, and metals. Lastly, FXPro provides traders with access to more than 150 stocks of some of the largest companies globally, such as Apple, Amazon, Google, and Facebook, among others. Overall, FXPro offers its clients a broad range of instruments to trade with, making it a suitable broker for traders of all levels and preferences.

    products
    Pros Cons
    Diverse range of markets including forex, commodities, stocks, indices, and cryptocurrencies Limited selection of exotic currency pairs
    Access to advanced trading platforms including MT4, MT5, and cTrader and its proprietary trading platform Overnight swap fees can be high on certain assets
    Multiple account types to suit different trading needs Limited educational resources for traders
    Negative balance protection for all account types No guaranteed stop-loss orders
    No social trading platform
    Limited selection of cryptocurrency assets compared to some competitors

    Account Types

    FXPRO offers two types of accounts: a live trading account and a demo account. The live trading account offers instant execution with no requotes, negative balance protection, and a variety of trading platforms to choose from.

    FXPro offers a free and 180-day life span demo account that enables traders to test their trading strategies and get a feel for the platform's features and functionality without risking any real money. The demo account comes with virtual funds that can be used to trade various financial instruments, including forex, commodities, indices, and shares.

    With FXPro's demo account, traders can familiarize themselves with the platform's trading tools and resources, such as the advanced charting package, market news and analysis, and risk management tools. Traders can also practice their trading skills and test out new trading strategies in a risk-free environment.

    account-types
    account-types

    How to open an account?

    The process of opening an account with FXPro is a streamlined and uncomplicated endeavor, which aims to provide a smooth onboarding experience for traders.

    • First, you need to visit the broker's website and click on the 'Register' button.

    open-account
    • Then, you will then be directed to a page where you need to fill out a registration form with your personal information, including your full name, email address, phone number, and country of residence. You will also need to create a unique username and password.

    open-account
    • Once you have submitted your registration form, you will be prompted to verify your email address by clicking on a verification link that will be sent to your inbox. After verifying your email, you can then proceed to complete the verification process by providing additional information, such as your ID and proof of address.

    • Once your account has been verified, you can then proceed to fund it with the minimum required deposit. FXPro offers a variety of payment methods, including bank transfers, credit/debit cards, and e-wallets. You can choose the payment method that best suits your needs and preferences.

    • After funding your account, you can then start trading by logging into the FXPro trading platform with your account credentials. If you are new to trading, it is recommended that you first practice on the demo account to get a feel of how the platform works before risking your real money.

    Leverage

    FXPro offers competitive leverage ratios for different trading instruments to help traders maximize their trading potential. For forex majors, gold, and futures spot, as well as futures of energy (UK Oil, Natural Oil), the broker offers a high leverage of up to 1:200. This means that traders can control a large amount of capital with a relatively small deposit. However, traders should be aware that high leverage also increases the risk of potential losses.

    For other instruments such as indices and shares, the leverage ranges from 1:20 to 1:50, depending on the specific instrument.

    leverage

    Here's a table comparing the maximum leverage offered by FXPro, IC Markets, Exness, FP Markets, and FBS across various asset classes:

    roker Forex majors & Gold Forex minors & exotics Futures Spot & Futures Energy Indices & Metals Stocks & ETFs Cryptocurrencies
    FXPro 1:200 1:50 1:200 1:100 1:05 1:05
    IC Markets 1:500 1:500 1:200 1:100 1:20 1:05
    Exness 1:2000 1:2000 1:200 1:200 1:20 1:02
    FP Markets 1:500 1:500 1:100 1:100 1:20 1:05
    FBS 1:3000 1:3000 1:100 1:500 1:20 1:03

    Spreads & Commissions (Trading Fees)

    FXPRO offers variable spreads that can vary depending on the market conditions and the asset being traded. The spreads offered by FXPRO may appear to be on the higher side, with the EUR/USD pair starting from 1.5 pips, GBP/USD from 2.1 pips, WTI spreads from 60 pips, Gold from 36 pips, and BTC from 6251 pips. However, it's important to note that different brokers may offer different spreads depending on their business model, and it's always essential to compare the spreads of different brokers before deciding on one.

    In terms of commissions, FXPRO offers commission-free trading for most instruments, except for share CFDs, which are subject to a commission of 0.05% of the transaction value.

    spread-commission

    Here's a table that compares the spread on some of the most popular trading instruments provided by FXPRO with other well-known brokers in the market.

    Broker EUR/USD Spread GBP/USD Spread WTI Spread ETHUSD Spread Gold Spread
    FXPRO 1.5 pips 2.1 pips 60 pips 1.5 pips 36 pips
    XM 0.8 pips 1.7 pips 3.0 pips 8.0 pips 34 pips
    AvaTrade 1.3 pips 1.6 pips 2.2 pips 4.0 pips 40 pips
    FXTM 1.3 pips 1.9 pips 2.0 pips 12.0 pips 35 pips
    HF Markets 1.1 pips 1.4 pips 4.0 pips 3.0 pips 38

    Non-Trading Fees

    In addition to trading fees, FXPRO also charges non-trading fees that traders should be aware of. These fees include overnight interest fees, inactivity fees, and withdrawal fees.

    Overnight interest fee, also known as swap rates. This fee is charged when traders hold positions overnight and can be either positive or negative, depending on the currency pair and the direction of the trade.

    The inactivity fee is charged when a trader does not place any trades for a certain period of time. This fee is typically charged on a monthly basis and is deducted from the trader's account balance.

    FXPRO also charges withdrawal fees, which vary depending on the withdrawal method used. Withdrawals via bank transfer are typically subject to a fee, while withdrawals via e-wallets may be free of charge.

    Overall, while the non-trading fees of FXPRO are not excessive, traders should be aware of them and factor them into their trading costs.

    Trading Platform

    FXPro provides traders with a variety of robust and user-friendly trading platforms to choose from, including the popular MetaTrader 4 and 5 (MT4 and MT5) platforms, as well as their proprietary FXPro Trading Platform and the advanced cTrader platform. Each platform offers different features and advantages, allowing traders to choose the platform that best suits their individual trading needs and preferences.

    MT4 and MT5 are widely recognized as the industry standard in forex trading platforms, providing traders with a comprehensive range of analytical tools, customizable indicators, and automated trading capabilities. FXPro's proprietary trading platform, on the other hand, offers a user-friendly interface with advanced charting capabilities and built-in risk management tools.

    For traders looking for a more advanced trading experience, cTrader offers a range of sophisticated features such as level 2 pricing, advanced order types, and algorithmic trading capabilities.

    trading-platform
    trading-platform
    Broker Trading Platforms Offered
    FXPro MT4, MT5, FXPro Trading Platform, FXPro cTrader
    FXTM MT4, MT5
    Exness MT4, MT5
    FP Markets MT4, MT5, IRESS
    Pepperstone MT4, MT5, cTrader

    Deposit & Withdrawal

    The minimum deposit is $100. FXPro UK Ltd provides its clients with a diverse range of deposit and withdrawal options to facilitate seamless transactions. Clients can deposit funds through various methods, including bank transfer, broker-to-broker transfer, VISA, MasterCard, Maestro, and MasterCard Secure Code. Withdrawals can also be made using the same methods.

    It is important to note that while deposits are free of charge, some withdrawal methods may incur fees. For instance, bank transfers may attract fees from the bank or intermediary bank, and credit card withdrawals may incur a 2% fee on the withdrawal amount.

    deposit-withdrawal

    FXPro Financial Services Ltd accepts the payment methods mentioned previously, such as Bank Transfer, Broker to Broker, VISA, MasterCard, and Maestro. Additionally, FXPro Financial Services Ltd also supports e-wallet payment methods including PayPal, Neteller, and Skrill.

    deposit-withdrawal
    Pros Cons
    Multiple deposit and withdrawal options available, including bank transfer, credit/debit cards, and e-wallets such as PayPal, Neteller, and Skrill. Some deposit methods may incur fees charged by third-party providers.
    No deposit fees charged by FXPro. Withdrawal fees may apply depending on the withdrawal method and currency.
    Fast and efficient deposit and withdrawal processing times, with most deposits and withdrawals processed within 1 business day. Withdrawals may take longer for bank transfers and some other methods, particularly for international transactions.
    Secure and reliable payment processing, with advanced encryption technology used to protect sensitive financial information. Some e-wallets may not be available in certain countries or regions.
    High minimum deposit The maximum deposit and withdrawal amounts may be subject to limitations depending on the payment method and account type.

    Customer Support

    FXPRO offers customer support to its clients through various channels, including email, phone, and live chat. The customer support team is available 24/5 and can assist clients with any questions or issues they may have regarding their trading accounts, trading platforms, or other services offered by the broker.

    Clients can contact the customer support team via email, and they can expect to receive a response within 24 hours. Phone support is available in multiple languages, and clients can find phone numbers for their respective countries on the broker's website.

    FXPRO also offers a live chat feature on its website, which allows clients to connect with a customer support representative in real-time. Live chat is available in multiple languages and is a quick and convenient way for clients to get their questions answered or issues resolved.

    In addition to the above channels, FXPRO has an extensive FAQ section on its website that covers a wide range of topics related to trading, account management, and other services provided by the broker. Clients can access the FAQ section by clicking on the “Support” tab on the broker's website.

    customer-support
    customer-support
    customer-support
    Pros Cons
    Multilingual customer support available via live chat, email, and phone No 24/7 customer support
    Customer support available in over 20 languages No social media support
    A FAQ section supported

    Educational Resources

    • Video tutorials: FXPro offers a wide range of video tutorials covering various topics such as trading strategies, technical analysis, and market news.

    • Webinars: The broker hosts webinars featuring expert traders, covering a wide range of topics and providing clients with the opportunity to ask questions and interact with other traders.

    • Trading tools: FXPro provides its clients with a range of trading tools, including economic calendars, market analysis, and trading calculators.

    • Ebooks: The broker offers a range of ebooks covering topics such as trading psychology, technical analysis, and trading strategies.

    • Glossary: FXPro has a comprehensive glossary of trading terms, providing clients with definitions of commonly used terms and concepts.

    • Trading academy: The broker has a trading academy that offers a range of courses covering beginner, intermediate, and advanced topics. These courses are designed to help traders improve their skills and knowledge.

    • Market insights: FXPro provides clients with daily market insights, covering the latest market news, analysis, and commentary.

    educational-resources
    educational-resources

    Conclusion

    Overall, FXPro is a well-regulated and reputable online forex broker with several advantages and disadvantages. The broker offers a wide range of trading instruments and allows trading on multiple platforms, including MT4, MT5, cTrader, and its proprietary platform.

    While the broker's leverage is relatively high, its trading fees, including spreads and commissions, may be considered somewhat expensive. The broker also offers a variety of deposit and withdrawal options, with a minimum deposit of $100.

    FXPro's customer support is reliable and efficient, with several contact options, including email, phone, and live chat. Additionally, the broker offers various educational resources, including webinars, articles, and tutorials, to help traders enhance their trading skills and knowledge.

    FAQs

    Q: Is FXPro a regulated broker?

    A: Yes, FXPro is a regulated broker. It is authorized and regulated by several top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.

    Q: What trading instruments are available at FXPro?

    A: FXPro offers a wide range of trading instruments, including forex, commodities, indices, futures, and shares. Clients can trade over 70 currency pairs, as well as gold, silver, crude oil, and other popular commodities.

    Q: Does FXPro offer a demo account?

    A: Yes, FXPro offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.

    Q: What payment methods does FXPro accept?

    A: FXPro accepts a wide range of payment methods, including bank transfers, credit/debit cards, and e-wallets such as PayPal, Skrill, and Neteller.

    Q: What trading platforms does FXPro offer?

    A: FXPro offers several trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and its own proprietary trading platform. Clients can choose the platform that best suits their trading needs and preferences.

    Q: Does FXPro offer educational resources for traders?

    A: Yes, FXPro offers a range of educational resources for traders, including video tutorials, webinars, and articles. The broker also provides access to market analysis and research tools to help traders make informed trading decisions.

    News

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    NewsWikiFX Review: Is it ok to invest in FxPro?

    2023-05-17 17:37

    FxPro, an online forex broker currently caught our eye. Is it ok to invest in FxPro? This article may give you some clues.

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    2023-05-17 17:37
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    FxPro UK Revenue Drops 48% in 2021, Turns To Loss

    NewsFxPro UK Revenue Drops 48% in 2021, Turns To Loss

    2022-09-26 15:29

    WikiFX has uncovered that retail FX and CFDs broker FxPro UK Limited, the FCA-regulated arm of Cyprus-based broker FxPro, has continued to witness a fall in activity, resulting in a net loss in 2021.

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    2022-09-26 15:29
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    FxPro UK Revenue Drops 48% in 2021, Turns To Loss
    Strategies for the Best Scalping Indicators

    NewsStrategies for the Best Scalping Indicators

    2022-05-10 15:56

    Scalping is described as a trading method in which traders aim to benefit from tiny price swings, generally after completing a deal and becoming successful. Such traders often trade with a tight, pre-planned exit strategy since a single large loss may easily wipe out their numerous tiny wins earned through hard labor. Scalpers depend on various aspects, including scalping indicators, live feed, direct-access brokers, and the ability to execute several trades, to make their trading method effective.

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    User Reviews

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    Write a review

    atillaelmas27
    0-3months
    Hello The company refuses to pay my balance of $21,047 that I earned from my investments and references in the image. I think that this behavior of a regulated company with various licenses will be sanctioned. Please help me . I am not getting the required return from FxPro.
    2023-05-25 20:43
    Reply
    0
    0
    atillaelmas27
    0-3months
    Hello The company refuses to pay my balance of $21,047 that I earned from my investments and references in the image. I think that this behavior of a regulated company with various licenses will be sanctioned. Please help me . I am not getting the required return from FxPro. ATILLA ELMAS
    2023-05-24 03:01
    Reply
    0
    0
    atillaelmas27
    0-3months
    I want to inform everyone that the FX Pro company, which I opened an IB account about 1.5 months ago, does not make the 21047 USD payment that it should make yesterday, this company cannot be trusted xxxxxxxxxxxxxxxxxxxxxxx
    2023-05-03 23:35
    Reply
    0
    0
    丝艺名剪&彬
    more than one year
    In my opinion, FxPro is one of the best brokers that offer the cTrader platform, a good alternative to the MetaQuotes products. Here, trades are done quickly, spreads are tight, and the tools for manual trading are great.
    2023-02-17 11:10
    Reply
    0
    0
    平安幸福
    more than one year
    I find it hard to believe that fxpro is also a fraudulent company. Being a company with a history of almost two decades, it has ripped off many people.
    2023-02-14 10:16
    Reply
    0
    0
    A黑桃
    more than one year
    This is the best fit for me of all the brokers I have traded. The deposit threshold is only $100, and the cTrader platform is super easy to use. How time flies, three years have passed, and I will continue to invest in this platform in the future.
    2023-02-13 18:26
    Reply
    0
    0
    ゞ→唯ㄨ﹎
    more than one year
    FxPro can definitely be called the top5 in my mind!AWESOME! I feel that they are really perfect! The choice of trading assets, trading platforms and payment methods are the richest brokers I have traded. The customer service is also very professional, and they are always able to patiently answer my questions. Five-star praise!
    2023-01-31 10:28
    Reply
    0
    0
    Hany01065209988
    3-6months
    Beautiful ‎
    2022-12-28 19:35
    Reply
    0
    1
    FX1161331972
    more than one year
    I have traded with the Puhui platform for two or three years, and it is no exaggeration to say that everything is very good! The transaction cost is low, the trading platform is very smooth, and the customer service is very responsible, and can help me withdraw money in time every time. As an old trader for many years, I can say responsibly that this platform is reliable!
    2022-12-15 09:51
    Reply
    0
    1
    walidi
    3-6months
    where do I start? I'm new
    2022-12-08 18:00
    Reply
    0
    0
    khan053
    6-12months
    Hello
    2022-12-07 14:30
    Reply
    1
    0
    Rajin
    6-12months
    How are you
    2022-11-16 18:23
    Reply
    0
    0
    Rajin
    6-12months
    hi
    2022-11-16 18:22
    Reply
    0
    0
    Bigboy
    more than one year
    I am a real user, I have been using Ic pepper and fxpro for more than 3 years. And never had a single deposit or withdrawal problem. Due to notice that deceived person Usually these are scammers, social trading influencers, Introduce Brokers, which are not really active. He only pretends to use it. Highly recommend if you want to become a trader. Don't be fooled into making consistent profits. But do it yourself, maybe 1 year, 3 years, 5 years and more. if you are dedicated enough you can do it And don't deposit your own money with someone else. That's a scam!!
    2022-11-02 03:12
    Reply
    0
    3
    hlwmymnyt
    6-12months
    #Unexperienced
    2022-10-13 03:36
    Reply
    0
    0
    Tayyab ali
    6-12months
    hello
    2022-10-06 21:12
    Reply
    0
    2
    omar92393
    6-12months
    great
    2022-10-05 01:54
    Reply
    0
    0
    ali raza 9055
    6-12months
    Hello
    2022-09-30 21:13
    Reply
    0
    3
    ali raza 9055
    6-12months
    hallo friends
    2022-09-30 12:58
    Reply
    0
    4
    มิ้นท์
    6-12months
    Hello, I hope everyone can do good things. The human world can create a good environment. Is it our own actions?
    2022-09-22 06:13
    Reply
    0
    4
    18
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