FxPro – ForexMinute Review

Overview

FxPro is one of the leading brokerages in the Forex industry – both in terms of reputation and awareness. Formed in 2006 by parent company FxPro group Limited, the company’s grown to be one of the most trustworthy and tightly regulated in the space. The company has offices across the globe, with the headquarters being in the UK.

Support

clients gain access to a wide range of support options, including a 24 hours a day, five days a week customer support line accessible via both email and telephone, and a live chat feature accessible via the company’s website. Live chat is available in a variety of languages – each accessible through the Geo specific version of the site in question.

Platform

FxPro offers clients free access to its branded MT4 platform – generally regarded as the industry standard in the Forex space. Through the platform, traders have access to Forex, metals, stocks, indices, energy and agricultural commodities. EA trading is available, and micro-lots are an option. According to the company’s website, the updated MT5 platform will soon be available – meaning 21 different timeframes and the ability to have up to 100 charts open at any given time will become a possibility. For those traders who want something a little different, FxPro offers access to the cTrader platform – a newcomer to the space that is designed specifically for traders that trade CFD’s.

Website

the company’s website is one of the most in-depth and detailed websites we have seen. Potential clients can find information about pretty much every aspect of FxPro accounts, conditions and terms – direct from the published content. There is also a wide range of tools, including traditional training aids and educational media – something which will go into in a little bit more depth shortly.

Account Types

FxPro has four main account types. The first is a floating spread account available in the MT4 platform, with which spreads vary throughout the day according to the best prices offered by the company’s liquidity providers. The second is a fixed spread account, with which spreads remain fixed throughout the day, variable according to which pay you are trading. Third comes the FxPro cTrader account which offers floating spread market execution through the aforementioned cTrader platform. Finally, users can gain access to an FxPro SuperTrader account; an account that offers beginner traders in particular the ability to allow algorithms to dictate entries and exits while the trader focuses on risk management and strategy selection.

Tools

A variety of trading tools can be accessed directly from the company’s website. These include an economic calendar – useful for news traders and keeping an eye on any potential market moving releases, a range of calculators including margin size, pip value and risk exposure, and a range of mobile tools – useful for those looking to trade on the move.

Education

One thing that sets FxPro apart from its competitors is its range of educational media and content – accessible by clients via the company’s website. These educational offerings include webinars, seminars and expose as well as a variety of freely available technical analysis through both trading Central and auto Chartist.

Conclusion

FxPro is – without a doubt – one of the leading brokers in the Forex space. The company’s range of platform offerings, educational material, account types and conditions is varied enough to suit any trader, both beginner and experienced alike, and its tightly regulated set up means clients can be secure in the knowledge that their funds are safe and easily accessible. We highly recommend FxPro.