WikiFX Review: Is FxPro Reliable?

Please continue to read if you want to know whether FxPro is a reliable forex broker.

In this article

WikiFX provides inquiry services in the forex field.

WikiFX evaluates the reliability of FxPro based on the facts.

What is WikiFX?

To explore whether FxPro is a scammer, we evaluated this broker based on various aspects, such as regulatory status.

1. Evaluate the reliability of FxPro based on its general information and regulatory status

To understand FxPro better, we explore it by analyzing two main perspectives:

A. General Info of FxPro

B. Regulatory Status

A. General Info of FxPro

About FxPro

Founded in 2006, FxPro is a reputable UK-based broker, offering trading on forex, indices, shares, futures, energy, metals, and crypto. The broker offers over 70 currency pairs, including majors, minors, and exotic pairs, with competitive spreads starting from 0 pips.

Account Type & Minimum Deposit

• Apart from demo accounts, FxPro offers three types of live accounts: Standard, Raw+, and Elite accounts.
• The Standard Account is designed for traders seeking a straightforward and cost-effective trading experience. With a minimum initial deposit of $100.
• The Raw+ Account caters to traders seeking tighter spreads and more transparent pricing. With a minimum initial deposit of $1000.
• The Elite Account is designed for high-volume traders and requires a minimum initial deposit of $30,000 within two months.

All account types support trade sizes from 0.01 lots and provide access to the MT4/MT5 platforms with a swap-free option for Islamic accounts.

Leverage

FxPro offers leverage of up to 1:200. It's recommended to use leverage wisely and only trade with funds you can afford to lose.

Trading Platform

FxPro provides a variety of robust and user-friendly trading platforms to choose from, including the popular MT4 and MT5, as well as their FxPro Trading Platform and the advanced cTrader platform.

Deposit&Withdrawal

The minimum deposit is $100. Clients can deposit funds through various methods, including bank transfer, broker-to-broker transfer, VISA, MasterCard, Maestro, and MasterCard. Withdrawals can also be made using the same methods.

It is important to note that while the broker does not charge deposit and withdrawal fees, bank transfers may attract fees from the bank or intermediary bank, and credit card withdrawals may incur a 2% fee on the withdrawal amount.

B. Regulatory Status

What is a Legitimate License?

• The legitimate license is the business license issued by the financial regulatory institution of each country/region.
• Holding a license means that the broker is recognized and regulated by the regulatory authority, therefore your money is under protection to some extent.
• Whether a forex brokerage firm holds a legitimate license or not is one of the important factors in evaluating the reliability of forex brokers.
• The regulation's content and the difficulty of obtaining a license vary by country and agency issuing the license.

The legitimate license of FxPro

According to WikiFX, FxPro operates under a strong regulatory frame.

2. The feedback from X

To figure out whether X is a scam or not, we did a survey about this broker on X.

• FxPro has an official account on X and it has around 39k followers.
• There are many market analyses related to this broker on X. and most posters are positive toward it.

3. Recent Events

In December 2024, FxPro launches BankPro, a game-changing private digital bank with multi-currency accounts, Visa Platinum cards, and seamless investment & trading features.

FxPro Launches BankPro: Digital Banking with Trading and Forex

FxPro launches BankPro, a game-changing private digital bank with multi-currency accounts, Visa Platinum cards, and seamless investment & trading features.

News 2024-12-12

相关内容

4. Special survey about FxPro from WikiFX

A. Scoring Criteria

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

FxPro has been given by WikiFX a decent rating of 8.77/10.

B. Field Investigation

• To help you fully understand the broker, WikiFX also investigates the brokers by sending surveyors to the brokers physical addresses.
• On WikiFX, you can visually check the physical addresses of brokers by pressing the “Survey” button.
• WikiFX did make an on-site survey on FxPros address in the UK in 2023 and found its office.

5. Conclusion

All over, FxPro is a sophisticated broker that offers excellent trading services to its global clients. It is regulated and welcomed by many traders. It may be a good choice for you to start your trading journey. However, we still want to remind you of the potential risk in the forex trading. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX App to find the most trusted broker for yourself.