FxPro Review 2023 from buzai232's blog

FxPro Review 2023
Founded in 2006, FxPro has established a reputation as a global Forex broker that is here to stay. The brokerage had remarkable success and now serves retail traders as well as institutional clients from over 170 countries. FxPro is a well-regulated company with licenses from five different regulators and continues to grow. During our FxPro review we found that that the broker currently offers CFDs on six different asset classes, boasts Tier 1 capital in excess of €100,000,000 and serves traders with lightning gas execution times of less than 14 ms while execution just shy of 7,000 trades per second. That being said, the broker is obligated to divulge that approximately 77 percent of traders lose money when trading with FxPro.To get more news about fxpro review, you can visit wikifx.com official website.

FxPro appears to be a true NDD (no dealing desk broker) which offers excellent market access to all types of traders. According to the latest data available for 2020, 80.48% of trades were executed at quote price, 9.60% experienced positive slippage and 9.93% negative slippage. 98.86% of trades were executed without a re-quote, 0.54% with a positive re-quote and 0.60% with a negative re-quote. A comprehensive educational and research department complement the reliable trading environment traders enjoy. The remainder of this FxPro review will focus on specific details of what the company offers (or doesn't offer) it's traders. Read on to see if FxPro is right for you.
Regulation and Security
FxPro UK LTD is authorized and regulated by Financial Conduct Authority under registration number 509956. Client funds remain segregated, and traders are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. The FCA is one of the most respected regulators in the world and clients of FxPro 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 funds are protected by the Investor 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 regulation in all EU member countries is also applicable.

FxPro Financial Services LTD is also authorized and registered by the South African Financial Sector Conduct Authority under authorisation number 45052. FxPro Global Markets LTD is authorised and regulated by the Securities Commission of The Bahamas under license number SIA-F184.

There is no question that the regulation offered by FxPro is respectable and should provide a solid sense of security for traders worldwide. FxPro traders also enjoy negative balance protection in case leveraged positions are exposed to natural market events which would otherwise result in a negative balance.
FxPro generates its revenues from a combination of spreads and commissions. Spreads on the EUR/USD start from 1.5 pips in the MT4 Trading Platform and 0.2 pips in the cTrader platform where commissions apply. Traders can check detailed commissions for each asset on the cTrader platform on the company's website. FxPro is upfront and transparent on all trading costs involved; swap rates, positive as well as negative also apply and are passed on to traders.

Swap rates can easily be checked from inside the MT4 trading platform for full transparency at all times.

In the cTrader platform, traders can access all the information from the deal ticket by clicking on the "Information" button when placing a market order. We did notice that the commission for this broker is on the high side of the spectrum.