FxPro calls itself the best broker in the world. It offers to carry out transactions with oil, gold, currencies and CFD contracts. The company promises zero fees and 24/7 technical support. It provides the opportunity to trade micro lots and make transactions with a huge number of financial instruments. In today’s review, we will tell you how market trading works and whether it is worth investing in this project.
What are the advantages of the broker
The official website says that since its inception, the company has been actively developing, serving retail and institutional clients. It currently operates in 170 countries and continues to grow. The broker offers to carry out transactions with contracts for difference in prices. Derivatives allow you to trade currency pairs, stocks, spot indices, metals and energy resources. A registered client allegedly gets access to first-class liquidity and improved trade execution.
FxPro describes its advantages over competitors:
- The company provides 2,100 instruments for making trade transactions. A market player gets ample opportunities to diversify his capital.
- Variety of accounts and trading platforms. The client can choose one of 5 accounts and work on the most favorable terms.
- Excellent sponsorship. Partners receive favorable terms of cooperation. They can earn a large amount by attracting new players.
- 90 industry awards. The company claims to have been repeatedly awarded for the best brokerage service.
FxPro is a company that is regulated in several jurisdictions. She publishes information about FCA CySEC licenses on her website, but these claims need to be confirmed. The exchange intermediary calls himself a reliable broker and an ardent supporter of transparency. It allegedly sets high standards for the security of client funds, but you can find a lot of negative comments on the network.
Company work platforms
FxPro allows you to trade through several trading platforms:
- FxPro is the company’s own platform, created to meet client needs. It can be downloaded both on a smartphone and on a personal computer. Its system has more than 50 technical and graphical tools, removable chart windows, useful trading widgets.
- Metatrader 4 is a terminal that has established itself as an industry standard. It contains all the features required by the modern market player. The trader can place orders and manage positions. This program contains a simple interface and fully customizable graphics. The user can add his own Expert Advisors, indicator programs.
- Metatrader 5 is an improved version of the familiar terminal. The trader receives an integrated economic calendar and Depth of Market. It can use 3 types of graphic visualizations and 21 time intervals.
- cTrader is a platform that allows you to trade with reduced commissions. The tools include a trailing stop, a news feed, a market sentiment indicator, and a custom time zone. The client can analyze its own statistics.
Each of these platforms provides for a direct output of transactions to the interbank market. The company describes favorable conditions for cooperation, but before starting trading activities, it is necessary to check the reputation of FxPro. A review of honest comments will help identify a scam and choose a reliable company.
What feedback do FxPro clients leave?
Users complain about poor customer support. They argue that the level of training of employees leaves much to be desired. Consultants do not provide any useful information, they are not familiar with professional terms. It is very difficult for traders to cooperate with a firm that has hired inexperienced managers.
Among the shortcomings of the project is the lack of payments. The trader cannot withdraw funds, he is forced to pay a large tax. Users believe that the office uses a well-established divorce scheme. They allow you to make a small profit, after which they offer to switch to a larger number of transactions by replenishing your account in the FxPro system. Reviews clearly speak of criminal fraud.
Is FxPro a broker?
The project in question has a very dubious reputation. There are positive comments on independent resources, but most of the reviews are negative. In this regard, we do not recommend registering on the FxPro website. Scammers lure gullible newbies with beautiful promises that have nothing to do with reality.
