FxPro Experience & User Reviews
What we liked about FxPro
FxPro has a blazing fast order execution. Period. If you want to trade in volatile environments (political news or economical data like US non farm payrolls) FxPro is the right choice for you. What we like is the choice for Traders between the FCA (max. 1:30 leverage) and the SCB (max. 1:500 leverage) regulation. FxPro is a relieable Broker and is regulated by the FCA, CySEC, FSCA, DFSA and SCB.
What we disliked about FxPro
FxPro has slighty above average fees for most trading instruments. On top their website interface with the split account sign-up structure is confusing for new traders. Currently FxPro lacks the ability to trade cryptocurrencies.
BrokerCheck Review of FxPro
FxPro currently offers around 280 tradable assets. Currently no available crypto currency pairs. FxPros’s biggest plus point is the swift order execution. As 99,9% of customers orders are executed in under 42ms. For Heavytraders, FxPro is probably not the best choice, as the fees are slightly above average for certain assets. The account opening/capitalisation could have been made a bit easier for clients. The trading platforms are Metatrader 4 and Metatrader 5 followed by FxPro Trading Software. FxPro offers a rich portfolio of learning materials. Overall, we would recommend FxPro for Traders, who are really keen on a swift order execution. Currently 21% of retail traders are successful at FxPro, which is in the average for most brokers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this Broker.