FxPro Forex: The World's Best Online Forex (FX) Broker
Regulation and Security
FxPro UK LTD is authorized and regulated by the Financial Conduct Authority with registration number 509956. Client funds remain segregated, and traders are protected by the Financial Services Compensation Scheme (FSCS) of up to £85,000. The FCA is one of the most respected regulators in the world and FxPro clients can rest assured that their funds are protected, secured and insured.
FxPro Financial Services LTD is authorized and registered by the Cyprus Securities and Exchange Commission under license number 078/07. Trader's funds are protected by the Investor's Compensation Fund (CIF) and as an EU member the MiFID II regulatory framework as well as the 4th EU Anti-Money Laundering Directive also apply. In addition, cross-border regulations in all EU member states also apply.
FxPro Financial Services LTD is also authorized and registered by the Financial Sector Conduct Authority of South Africa with authorization number 45052. FxPro Global Markets LTD is authorized and regulated by the Bahamas Securities Commission under license number SIA-F184.
There is no doubt that the regulations offered by FxPro are respectable and should provide a strong sense of security to traders around the world. FxPro traders also enjoy negative balance protection if leveraged positions are exposed to natural market events that would otherwise result in a negative balance.
FxPro Fee
FxPro generates its income from a combination of spreads and commissions. Spreads on EUR/USD start at 1.5 pips on the MT4 Trading Platform and 0.2 pips on the cTrader platform where commissions apply. Traders can check the detailed commission for each asset on the cTrader platform on the company website. FxPro is upfront and transparent on all trading fees involved; swap rates, positive or negative also apply and are passed on to the trader.
Exchange rates can be easily checked from within the MT4 trading platform for full transparency at all times.
On the cTrader platform, traders can access all the information of the deal ticket by clicking the “Information” button when placing a market order. We did notice that the commissions for this broker were on the high side of the spectrum.
What Can I Trade?
FxPro offers a total of six asset classes enabling traders to operate a diversified cross-asset portfolio. With more than 70 currency pairs, this broker shines in the Forex market; Futures and spot indices are also well represented while stock trading is limited to a selection of major names and spot metals and spot energies are kept to a minimum. The actual NDD execution model is a key selling point for FxPro, but limited stock trading may be a deterrent for some traders.
Leverage is offered to all traders and depends on which asset is traded and the lot size. The broker's website has a comprehensive list of all available assets and leverages so you can know in advance exactly what you are going to get.