Almost every forex broker claims that they’re committed to offering traders with a comprehensive range of online trading products and services. However, only a few manage to deliver what they actually claim or say. Hence, it’s important that traders choose their forex broker wisely. Typically, a broker should provide the traders with multiple trading instruments and assets such as commodities, futures, stocks, forex and indices. Apart from this, the broker must also offer a sophisticated and easy to use trading platform that allows investors to trade smoothly and efficiently. In fact, opening an account with a regulated and reliable online forex broker allows traders to enjoy safe and hassle-free trading.
It is vital that you choose a broker only after weighing the pros and cons. However, in order to do this, you will need sufficient time, understanding of the forex market and knowledge around online trading. As a trader, especially when you’re new to online forex trading, you may not have enough time to analyze different brokers. Neither can you gather much information about the broker unless you’ve created an account with them. This is exactly where you’ll require the support and guidance of a truly experienced and professional trader. A trustworthy and efficient trader can provide you with a transparent and honest picture about your preferred broker. This would further assist you in making the right trading and investment decisions.
Here, we have reviewed Fx Pro, which happens to be UK’s premier financial services provider. Based in Cyprus, the broker provides an array of trading services and solutions to beginner and advanced traders. During the review process, we found that the broker offers a gamut of trading options as well as features to its clients, allowing them to trade safely and profitably. Our review experts also discovered that the broker is regulated and monitored by the FCA, FSB and CSEC. The minimum deposit required for opening an account with the FX Pro is $100 and the broker offers both web and mobile based trading platform to traders around the globe. Read on to find a comprehensive review about the broker.
Choosing a broker has a lot to do with the kind of trading platform they offer. In fact, if the broker you’re planning to trade with does not offer an effective, speedy and feature rich trading platform, then it’s better that you pick another one. Remember, as a trader, you’ll be carrying out a number of trading activities throughout the day and thus you cannot afford to partner with an online broker that fails to offer a quick, reliable and efficient trading platform. As far as Fx Pro is concerned, the broker offers a highly advanced, sophisticated and easy to use trading platform. The broker basically offers 9 different platforms for trading. However, 4 of them are mobile based platforms that are designed to offer a great deal of comfort and convenience to the traders. The other trading platforms include the immensely popular MT4, MT5, Fx Pro Markets and Fx Pro cTrader. Each of these trading platforms is easy to comprehend and offer some of the most sought-after trading features, tools and options.
Trading conditions are also crucial for selecting a broker. In simple terms, trading conditions depends on the kind of spreads, leverage and speed of execution provided by a broker. Hence, if the trading conditions are not in accordance with your requirements, then search for another broker that is capable of providing you with appropriate trading environment and services. In the case of Fx Pro, we found that the broker offers low and consistent spreads to its clients. The default leverage for traders who create an account with the broker is set at 1:50 and it goes up as high as 1: 500, depending upon the trader’s experience and knowledge around CFD trading. Apart from this, Fx Pro offers quick, efficient and hassle-free order execution services to its clients around the globe. Below, discover more about their spreads, leverage and speed of execution.
Deposits and Withdrawals
Before selecting a broker, traders must find out whether they have a simple and quick deposit and withdrawal mechanism in place or not. While, most of the brokers accept money readily, they take a lot of time in releasing funds. In the case of Fx Pro, traders won’t face much of an issue. The broker offers fast and convenient deposit and withdrawal procedures. As a result, withdrawals are processed within one day, whereas deposits are accepted instantly (typically ten minutes). Hecne, traders can initiate trading immediately after the funds have been credited into their accounts and their account details have been duly verified by the broker. Below, learn more about Fx Pro’s deposit and withdrawal procedures and requirements.
It goes without saying that your broker should be regulated and monitored by appropriate regulatory bodies and authorities. Remember, a broker that isn’t regulated cannot be relied upon, as they can vanish from the market after accepting deposits and funds from you as well as other clients. On the contrary, a regulated broker adheres and complies with appropriate regulatory procedures as well as trading guidelines. Such brokers can be held accountable in case of any financial disputes. While reviewing Fx Pro’s regulations and licenses, we found that the broker is adequately governed and regulated by numerous regulatory authorities including FCA, CySEC, SCB, DFSA and FSB. Below, find out more about their regulations and licenses.
The customer support team plays a crucial role when it comes to resolving client issues and queries. Customer support professionals not only provide appropriate answers to client queries but also have abundant information around the functioning and processes of a company, which is precisely why one must always opt for a broker that has an advanced, strong, reliable and prompt customer support team in place. When we reviewed Fx Pro’s performance with regard to their customer support services, we found that the broker has an extremely active and sharp customer support team in place. Their customer support representatives had answers to all our queries pertaining to trading, order placement, spreads, liquidity and more. Apart from this, the broker also has several other customer support options such as phone, chat and email for its traders, which definitely implies that the broker is committed to providing its clients with best in class trading services and solutions. Below, discover more about their customer support services.
Apart from this, the broker also offers a call back feature/service to its clients who would like to receive a call back from their support team. Our review specialists also found that Fx Pro has customer support centers in twenty three different countries.
Trading education is increasingly gaining a lot of prominence among all types of traders including beginners, intermediate and advanced level traders. This is one of the primary reasons why more and more brokers are looking to provide their clients with in-depth and a wide variety of trading materials, information and resources. During our review, we found that Fx Pro does an amazing job when it comes to guiding and educating its clients around online trading, forex trading strategies and other relevant data and resources.
Through the Fx Pro Trading Academy, the broker offers its clients with adequate information around the basics of forex trading. The Trading Academy also has ample information for beginner traders and it helps them in learning more about online trading. The broker also provides traders with an innovative video library that further offers meaningful and appropriate videos around forex trading and the financial markets in general.
Fx Pro’s also offers technical analysis through the Trading Central feature on its portal. Hence, traders can acquire accurate, high-quality and advanced technical analysis as well as information around the financial and trading markets as and when required. Apart from this, trading central also offers information around Japanese Candlesticks, mathematical indicators and chartist approach and covers trading strategies for different asset classes such as Forex, Metals, Equities, Indices and Commodities.
To sum up, Fx Pro is one of the best brokers in the business. The broker offers advanced and unique trading features, tools and services to its clients enabling them in making the most of their trading time and money. The fact that Fx Pro has won several awards and recognitions including Best Forex Trading Platform 2013, Best FX Service Provider 2014 and Best Forex Broker 2015 from some of the leading media organizations such as Financial Times, Investors Chronicle and Share Magazine among others, goes a long way in demonstrating that the broker is a well known name in the world of online forex trading. Fx Pro has a comprehensive range of forex trading tools and multiple trading platforms for its clients, which definitely makes them one of the finest brokers in the industry.