FXPro BrokerReview of the Forex Broker FXPro

By Forex Formation

FxPro is a broker specialized in Forex and Contracts For Difference.

It was founded in 2008. The company headquarters are located in London, UK. It

has satellite offices in the following countries: ◦ Spain. ◦ France. ◦ Other

It is a ECN/STP broker type. This means that it offers direct access to its main liquidity providers, including major banks. As a STP broke there is no conflict of interest between the broker and its clients, as FxPro does not act as the counterparty to the trader. It operates as an intermediary between the customer and the liquidity providers.

Location and type of broker

FxPro is a European company which is fully regulated. Today this broker is regulated by the following financial regulators: ◦ FCA (Financial Conduct Authority Reg No. 509956)

in the UK. ◦ CySEC (Cyprus Securities and Exchange

Commission, License 078/07) of Cyprus.

Regulation of FxPro

FxPro website

Currently FxPro is able to offer services to customers in different languages, including:◦ English. ◦ Spanish. ◦ French. ◦ German. ◦ Russian. ◦ Italian. ◦ Chinese. ◦ Japanese. ◦ Others.

Languages in which FxPro offers its services

Forex Market: 72 currency pairs of the Forex spot market.

Commodities: Gold and silver in the spot market (XAU/USD and XAG/USD).

Contracts For Difference based on the following assets: ◦ Index futures and commodities. ◦ Gold and silver. ◦ 30 stocks in the U.S. market as IBM and Google.

FxPro Trading Instruments

Minimum transaction size: 0.1 lots. Maximum Leverage: 1:500. Spreads: From 0 pips for major currency

pairs like the EUR/USD and GBP/USD (cTrader platform). 1.2 pips for the major pairs with the Metatrader 4 platform.

Scalping: Yes. Hedging (hedging): Yes.

Trading Conditions (Forex)

Demo Accounts: These are practice trading accounts in which the customers can practice their strategies with virtual money without risking real money in the process.

Regular Trading Accounts: Through these accounts FxPro clients can access all services of the company, including a social trading platform. It requires a minimum deposit of $500.

PAMM Accounts: These are investment accounts managed by expert traders, through which customers of the broker can invest in the Forex market. Managers use their own capital and the investors capital to trade in the market.

Types of trading accounts

FxPro MT4: It is a downloadable platform based on Metatrader 4. It has multiple functions such as advanced graphics and built-in technical indicators.

FxPro Webtrader: A platform based on Metatrader 4. No download or installation is required and can be accessed from anywhere with an Internet connection.

FxPro cTrader: It is a downloadable platform which specializes in ECN market transactions.

FxPro cTrader Web: This platform is based on cTrader and requires no download or installation. It is specialized in ECN transactions in the market.

FxPro Supertrader: It is a social trading platform that allows the trader to follow and copy the trades that other traders (including professional traders) perform in the market.

FxPro trading platforms

FxPro MT4 Multiterminal: A platform based on Metatrader 4. This application is specialized in managing multiple trading accounts, so it is ideal for fund managers and traders which use lots of MT4 accounts.

FxPro Algo: It is a platform designed to use algorithmic trading systems in FxPro cTrader.

Applications for mobile devices: Platforms designed to trade in the market from mobile devices such as smartphones and tablets. These applications are based on both MT4 as cTrader.

FxPro trading platforms

Metatrader 4

FxPro Trading Platforms Images

cTrader (ECN Trading Platform)

FxPro Trading Platforms Images

FxPro SuperTrader (Social Trading Platform)

FxPro Trading Platforms Images

No conflicts of interest between the broker and the trader, as it is an ECN/STP broker.

Marketnews and alerts in real time. A VPS hosting service for traders who deposit

at least $1000. Several educational resources including free

webinars. This broker offers FxPro Quant, an application

to develop automated trading strategies with ease even if the user lacks programming knowledge.

Additional advantages of FxPro

The account opening with FxPro is free. The trader has to deposit funds at the time when he/she will start trading on the market.

The minimum deposit to trade with FxPro is $500.

You can open a real account with this broker via the following link: ◦ - Open a live account with FxPro

Account Opening with FxPro

For a complete review and analysis of the broker FxPro you can see the following article:

-http://forexformation.com/broker-fxpro/

You can find more information on financial markets and Forex trading strategies for beginners and advanced traders in:◦ http://forexformation.com/◦ http://www.facebook.com/Forexformation◦ https://www.google.com/+Forexformation