FxPro Background – Success and Progress Year by Year
FxPro was founded in 2006 by a group of financial professionals and online trading experts. FxPro mission is to enable individuals to trade in an innovative and reliable environment and to provide the best personal services worldwide.
The broker headquarters is located in London and has offices in four other countries. Since it was launched 13 years ago and for the sake of complete transparency, FxPro has obtained several international licenses to operate its business according to the law as an authorized and licensed broker.
It has been able to expand quickly and strongly, as the number of orders executed through its platforms until now has reached more than 250 million trading orders. According to the latest broker’s statistics, the number of orders executed in one second is about 7000 trading order. This is mainly due to its focus on investing in technology and research.
Since its inception, the company has been able to harvest more than 50 international awards in several fields; we mention some of them:
- Best FX Service Provider 2018
- Most Trusted Forex Brand, UK, 2017
- Best FX Execution, Global, 2016
With FxPro Unique Features, Continuous Improvement is a Top Priority
FxPro focuses mainly on investing in technology and research, which has been reflected in the quality of services it provides. This has helped to create a highly efficient trading environment, which is constantly evolving. The company states in its statistics that 99.9% of clients’ orders are executed in less than 42 milliseconds without any intervention of the company.
It also focuses mainly on the clients and their needs and for that purpose, they have done everything possible to meet their desires. For example, the broker offers its clients many professional platforms through which transactions can be executed easily and with high flexibility. In order to provide a better service, FxPro collects the prices from a number of liquidity providers to gain access to deep liquidity.
They also focus on investing in their employees by holding training courses continuously; providing them with all the experience they need in order to perform their work professionally. This is clearly reflected in the high efficiency of the company’s board of directors, analysts and staff.
FxPro also offers a wide range of educational tools and general instructions which are provided to the clients in a simple and straightforward way to serve all traders at all levels. These tools include educational videos and articles via the company’s blog, as well as various webinar sessions in more than one language.
Trusted and regulated
FxPro considers transparency as one of its main objectives so; it has harnessed all possibilities to provide a fair and transparent trading environment. For this purpose, they have obtained a number of licenses to conduct their business. In addition, it is subject to supervision and control by five different financial institutions, including:
- The Financial Conduct Authority (registration no. 509956).
- The Cyprus Securities and Exchange Commission (licence no. 078/07).
- The Financial Services Board (‘FSB’) (authorisation no. 45052).
Reliability and Safety
As an organized entity, the company makes all efforts to maintain a safe and risk-free trading environment. This is shown in the following:
- All client funds deposited with the company are fully segregated from the company’s own funds and are kept in separate bank accounts. This ensures that funds belonging to clients cannot be used for any other purpose.
- FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Investor Compensation Fund (ICF).
- This broker is partnered with several major banking institutions, with client funds kept in banks such as Barclays Bank PLC, Julius Baer, and Royal Bank of Scotland. Internal limits ensure a diversification of client funds among banks, while credit risk is regularly monitored.
Withdraw and Deposit – Easy and Safe
Through FxPro, traders can deposit and withdraw money using a variety of methods to suit their needs and take account of individual differences. These withdraw and deposit methods include; credit cards, bank transfers and online wallets such as PayPal, Skrill and Neteller. Withdrawals and deposits made through the company are free of charge, except for the payment through credit cards.
In order to secure clients and protect their money, FxPro requires its clients to withdraw funds in the same way they deposited it. In addition, deposits take only 10 minutes to be completed, while withdrawals need at least one workday.
To help clients managing the risks, the broker has designed a tool for this purpose, FxPro Vault. This unique and first-of-its-kind tool is an intermediary between client funds and trading accounts; where clients can transfer part of their money to the trading account and keep the other quantity away from the account to use when needed.
More Than 280 Financial Instruments to Trade
This broker allows its clients to trade on more than 280 different financial instruments, divided into 6 asset groups including Forex. There are more than 50 major and minor currency pairs available for trading with low spreads starting at 0.6 and with a leverage up to 1: 500.
FxPro also allows its clients to trade in stocks, indices, futures and spot metals with competitive spreads and a leverage up to 1: 500. Recently, the company has listed many of the most popular Cryptocurrencies to trade through its platforms, including Bitcoin and Ethereum.
In addition, FxPro offers a variety of trading accounts to suit all clients’ requirements. They provide accounts at fixed and variable spreads. Apart from real and demo accounts, they offer premium (VIP) accounts for clients with large amounts of money that reach $ 50,000 or more.
The broker offers exclusive advantages for (VIP) accounts, including an account manager committed to serving the client and providing daily market analysis, invitations to exclusive events and seminars with special arrangements and many costs covered by FxPro. The broker also provides Islamic accounts that comply with the Islamic Sharia law for those who wish to do so.
Outstanding Customers Support
As part of FxPro strategy of supporting and empowering customers, they make every effort to achieve perfect customer service and this appears in many aspects. Technical support is available in several ways and in multiple languages (20 different languages) around the clock for 5 days a week.
An important part of customer support is the analysis they provide. FxPro offers technical analysis through Trading Central, which serves financial institutions in more than 30 different countries through alerts and trading signals of currency, stocks, indices and more. Another important part of the analyzes they provide is the fundamental analyzes through their own blog. The blog provides a daily review of financial markets through a number of articles and videos.
FxPro supports its clients at different levels of experience through the various educational tools and training programs offered by a number of market experts. These tools include various articles, e-books and videos as well as various Webinar sessions. In addition, the broker uses the best existing technologies to ensure a better and faster execution of transactions, without any technical problems.
Most Efficient Trading Software
The company’s vision is to continuously improve its products, and this is evident in the software used. The company uses a number of platforms to serve its clients including the most popular platforms MT4 and MT5, in which orders are done quickly and easily almost without any problems.
cTrader platform is another platform used by this broker. It provides for those who use it an automated trading feature, in addition to zero price spreads paying a fixed commission of $ 45 per million dollars that are been traded.
The FxPro Market platform is a platform that offers many advantages include; offering an automatic trading and providing trading volume for a number of currency pairs. This platform is characterized by high speed in executing orders, ease of using and providing the latest developments in the financial markets. FxPro platforms are available for all different devices and operating systems.
Mobile Trading – Trade Anywhere and Anytime
The broker provides mobile trading services through its all platforms; MT4, MT5, cTrader and FxPro Market. The company’s application, FxPro Market, provides traders with access and manage its various trading accounts in a simple and easy way with full knowledge of the latest developments in the financial markets using various graphs and trading signals.
FxPro offers other distinctive services that add high value to it. The most important one is Algorithm trading tool that includes FxPro Quant. This tool allows traders to convert their strategies into trading algorithms that work automatically.
One of the broker’s trading tools is the FxPro VPS. This tool allows traders to convert their algorithms on the company’s default server and trade around the clock without interruption.
Things to Improve
FxPro offers its services to a large number of traders around the world who are constantly renewing their needs. During the course of its work there have been some improvements demanded by their clients, include:
- Cancellation of credit card deposit fees which reaches up to 1.6% of the value of the deposited funds.
- Expand the customers’ service program to become a weekday instead of 5 days a week.
FxPro responded positively to these assumptions and said that credit card deposit fees are reserved for security factors and are returned to the clients if they make a withdrawal 6 months prior to the deposit date.
Through our quick review and non-biased perspective, we can say that FxPro is a leading broker in its field and is an ideal choice for those who wish to trade in the financial markets.
Take a little of your time and visit their website to get to know them closely and to find any other additional information.