The FxPro mobile trading app was launched in 2006, and only six years after its inception it witnessed exponential expansion. The mobile trading platform offers access to a wide range of assets. On top of that, mobile users can download the broker’s dedicated apps for Android and iOS. Interestingly, FxPro operates in over 170 countries. However, the broker continues to grow, eyeing opportunities to enter additional markets.
FxPro is one of the leading mobile trading apps, and the broker has collected over 70 accolades, attesting to the quality of its service. It is hardly surprising that FxPro has become a favourite trading venue for mobile clients, as it boasts an extensive catalogue of trading instruments. If you decide to set up an account with FxPro, you will have the opportunity to trade over 250 financial instruments on the MetaTrader 4, MetaTrader 5 and cTrader platforms. In addition to that, the broker has its own proprietary platform.
| General Information about FxPro | |
|---|---|
| Min. Deposit | $100 |
| Supported Languages | N/A |
| Supported Currencies | N/A |
| Website | https://www.fxpro.com/ |
| Phone Number | +1 242 603 2224 |
| Support Email | musupport@fxpro.com |
| Headquarters Address | Lyford Manor, Western Rd, Nassau, Bahamas |
| Trading Information | |
|---|---|
| Trading Platforms | cTrader, FxPro Edge, MetaTrader 4, MetaTrader 5 |
| Demo Account | |
| Hedging | |
| Scalping | |
| US Traders | |
| Arabic Traders | |
Mobile account types at FxPro
The FxPro mobile trading app offers several different accounts depending on the platform you decide to use. Before we delve into the various accounts, we would like to explain that investors can still open a demo, retail, professional or swap-free account.
Investors who hold a demo account can try this mobile trading app for free. The broker will fund your account with up to $10,000 in virtual funds. However, traders should keep in mind that the demo account expires 180 days after its creation and cannot be reactivated. Swap-free (Islamic) accounts are available on request, which should be submitted to customer support via email.
| Market | Leverage |
|---|---|
| Crypto CFDs | 1:500 (SCB | Retail Account) |
| Crypto CFDs | 1:500 (SCB | Retail Account) |
| Metal Futures | 1:200 (SCB | Retail Account) |
| Metals CFDs | 1:20 (CySEC | Retail Account) |
| Spot Metals | 1:10000 (SCB | Retail Account) |
| Stock CFDs | 1:25 (SCB | Retail Account) |
| Index Futures | 1:50 (SCB | Retail Account) |
| Spot Indices | 1:500 (SCB | Retail Account) |
| Commodities CFDs | 1:10 (CySEC | Retail Account) |
| Commodity Futures | 1:50 (SCB | Retail Account) |
| Crypto CFDs | 1:2 (CySEC | Retail Account) |
| Energy Futures | 1:200 (SCB | Retail Account) |
| ETF CFDs | 1:5 (CySEC | Retail Account) |
| ETF CFDs | 1:25 (SCB | Retail Account) |
| Forex CFDs | 1:30 (CySEC | Retail Account) |
| Forex CFDs | 1:30 (FCA | Retail Account) |
| Forex CFDs | 1:10000 (SCB | Retail Account) |
| Indices CFDs | 1:20 (CySEC | Retail Account) |
| Spot Energy | 1:200 (SCB | Retail Account) |
| Stock CFDs | 1:5 (CySEC | Retail Account) |
FxPro MetaTrader 4 Instant Account and FxPro MetaTrader 4 Account
If you set up an MT4 account with fixed spreads and Instant Execution, you will have access to several trading instruments, including Forex, metals, indices, energies, futures and shares. What is more, experienced investors can make use of contracts for difference (CFDs). Thanks to this instrument, clients can speculate on price movements without actually buying or selling the underlying assets.
The minimum trade size varies for the different instruments. Micro lots start from 0.01 for Forex, metals and futures; indices and energies feature micro lots of 1, while for shares the micro lot is 10. Investors can set a minimum stop-loss level of 1 pip. The stop-out level is 50%. Furthermore, hedging is available with this account.
The MetaTrader 4 platform is available in 37 languages and allows up to four pending order types. Investors will find the following chart types: line, bar and candlestick. Trading with expert advisers (EAs) is also supported.
FxPro MetaTrader 5 Account
Investors who opt for the FxPro MetaTrader 5 account can trade various instruments, including Forex, metals, indices, energies and futures. If you wish to trade these instruments via CFDs, the broker offers this opportunity. However, keep in mind that CFDs are complex instruments and you can lose significant amounts of money if you do not have the necessary expertise.
The trade size starts from a micro lot of 0.01 for Forex, metals and futures, while indices and energies have a micro lot of 1. Traders can set a stop-loss level starting from 1 pip; this applies to most majors – check the specifications. A hedging strategy is also available upon request.
This platform features three chart types: line, bar and candlestick. It is available in 49 languages for clients who are not fluent in English. Other noteworthy features include the integrated economic calendar and detachable charts.
FxPro cTrader Account
cTrader accounts allow investors to trade Forex, metals, indices and energies. The trade size corresponds to that of the accounts already discussed above. The difference is that FxPro cTrader accounts do not offer a minimum stop-loss level and the trading costs are higher. Hedging is also available.
cTrader is a sophisticated platform that was introduced in 2011. What is unique about this platform is its feature-rich environment. It has an intuitive, visually appealing interface and offers sophisticated functionalities such as multiple indicators and timeframes.
Investors should be informed that cTrader spreads start from as low as 0 pips on majors, and the commission is 4.50 per lot of the base currency of the pair traded, charged when you enter and when you exit the trade. This platform features 22 different languages and over 55 indicators. When it comes to chart types, you will find line, bar, candlestick and dot charts. FxPro cTrader registrants can also benefit from EA trading.
FxPro Edge Account
FxPro Edge account holders can trade Forex, metals, indices, energies, futures and shares. The micro lot for Forex, metals and futures is 0.01. Indices and energies feature micro lots starting from 1, while the micro lot for shares is 10. The minimum stop-loss level is 1 pip from the current/entry price for most majors – check the specifications – and hedging is also on offer.
Traders should note that the FxPro Edge account works on multiple platforms, meaning they can access it both on their mobile device and via the MT4 platform. FxPro Edge features over 50 indicators. It is important to mention that this platform does not offer trading with an expert adviser (EA). The chart types included are line, bar, candlestick, Heiken Ashi, HLC and dots.
Trading Instruments
FxPro offers over 250 trading assets. Investors who decide to set up an account via the mobile app of the brokerage will have the opportunity to trade various instruments, including foreign currency, shares, indices, futures, and metals. Traders should keep in mind that the trading instruments might vary for the different countries due to regulatory restrictions.We would like to inform our readers that mobile investors can trade CFDs, but they should be extremely careful when using this instrument as the site of the broker states that 78.90% of retail investor accounts lose money when trading CFDs.Foreign Currency
As its name suggests, the FxPro mobile trading platform specializes in forex trading and offers more than 70 currency pairs. Some major currency pairs include AUD/USD, GBP/USD, NZD/USD, USD/CAD, and more. The mobile trading app also provides minor currency pairs such as EUR/GBP, EUR/JPY, EUR/NOK, GBP/CAD, and others.
If you wish to trade exotic currency pairs, the platform offers multiple options, including NZD/SGD, CHF/SGD, NOK/SEK, AUD/NZD, and more. The maximum leverage for forex majors is 1:30, while forex minors come with a maximum leverage of 1:20.
Shares and Indices
Trading shares is a lucrative niche, and for this reason FxPro has not missed the opportunity to include it in its portfolio. Mobile investors can trade shares of more than 150 leading companies such as McDonald’s, Mastercard, Microsoft, Netflix, Nike, and others. Experienced investors can also trade CFDs on these shares. It is important to mention that investors can benefit from leverage of up to 1:5 when trading shares.
Index trading is another preferred asset class among seasoned investors. Indices represent a highly liquid market. If you decide to trade indices via FxPro’s mobile platform, you should know that the broker offers more than 20 spot indices. In addition, traders can speculate on index price movements through CFDs.
Trading Futures
Trading futures is not as popular as trading forex, but it can certainly diversify your portfolio. To attract more investors, FxPro has included 20 futures contracts in its catalog. These instruments enable investors and traders to exchange a specified asset at a predetermined date and price. In other words, regardless of the current market situation, the seller is obligated to sell the asset at the agreed-upon price. Commodity futures can be traded with leverage of up to 1:10.
Metals and Energies
The FxPro mobile trading app allows investors to trade spot metals such as gold and silver. You can leverage your positions up to 1:20 when trading gold and silver. Silver and platinum can be leveraged up to 1:10. This mobile trading platform features seven spot metals.
As for energies, FxPro’s mobile clients have three options: Brent crude oil, natural gas, and WTI crude oil. Investors can access energy futures with leverage of up to 1:10.
FxPro mobile fees and spreads
When looking for the best mobile trading app, it is important to consider spreads and fees, as these are among the main factors that set one broker apart from another. In the case of FxPro, mobile traders should know that spreads vary depending on the platform you choose. If you opt for MT4 or MT5, the broker does not charge any commission on the available instruments, meaning that traders are charged only the spread.
On the other hand, the cTrader platform features a commission fee of $45 for every $1 million you trade upon opening a position, and a further $45 when you close it. The swap fee for trading Forex is calculated from Monday to Friday at 22:00 UK time and the rate is tripled on Friday due to the upcoming weekend.
You can easily calculate the swap fee for Forex instruments by multiplying the pip value by the swap value in points. The swap fee for all other instruments is calculated by multiplying the lot size by the swap value and by the number of nights.
As for spreads, the broker offers floating and fixed options on the different platforms. The average fixed spread for MT4 account holders is 1.6 pips and the variable spread is 1.4 pips. The fixed spread can vary slightly depending on the time of day.
Mobile traders who decide to sign up under FxPro’s MT5 platform should be informed that there is only a variable spread of 0.3 pips. Despite the low spreads, traders should take into account that the broker charges a commission of $4.5 per lot round-turn.
| Instrument | Spread |
|---|---|
| AUDUSD | AVG 0.58 pips |
| AUDUSD | AVG 2.13 pips |
| EURGBP | AVG 0.77 pips |
| EURGBP | AVG 1.52 pips |
| EURUSD | AVG 0.5 pips |
| EURUSD | AVG 1.5 pips |
| GBPUSD | AVG 0.68 pips |
| GBPUSD | AVG 1.87 pips |
| NZDUSD | AVG 1.18 pips |
| NZDUSD | AVG 2.96 pips |
| USDCAD | AVG 0.91 pips |
| USDCAD | AVG 1.79 pips |
| USDCHF | AVG 0.71 pips |
| USDCHF | AVG 1.98 pips |
| USDCNY | AVG 9.65 pips |
| USDCNY | AVG 13.68 pips |
| USDJPY | AVG 0.47 pips |
| USDJPY | AVG 1.53 pips |
Mobile banking at FxPro
As a reputable brokerage, the FxPro mobile trading app employs various banking solutions and accepts payments in multiple currencies, including EUR, USD, GBP, AUD, CHF, JPY, PLN and ZAR. The broker collaborates only with trusted and globally accepted brands to ensure that payments are processed in the fastest and safest possible way. Furthermore, the broker does not charge fees for deposits or withdrawals.
| Brand | Minimum | Fees | Processing Time |
| $100 | FREE | Instantly | |
| $100 | FREE | Instantly | |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | Instantly | |
| $100 | FREE | Instantly | |
| $100 | FREE | Instantly | |
| $100 | FREE | Instantly | |
| $100 | FREE | Instantly | |
| $100 | FREE | Instantly |
| Brand | Minimum | Fees | Processing Time |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | 1 Working Day | |
| $100 | FREE | 1 Working Day |
Deposits
Investors who prefer to trade via their portable devices on FxPro’s platform can top up their trading accounts in a snap via one of the available payment solutions, including Visa, Mastercard, American Express, PayPal, Skrill, Neteller, UnionPay and bank transfer. Some of the payment solutions are geo-targeted; for example, UnionPay is geared towards the Chinese market.
The minimum deposit required to start trading for real money is $100, but the broker advises investors to fund their accounts with at least $1,000. Some deposit methods, namely UnionPay and Neteller, have a maximum deposit limit.
Deposits usually take up to 10 minutes to be processed; however, international bank transfers might take up to five days depending on the bank you use. All transactions are placed via the Wallet of the trading app, but you can move funds from your Wallet to your trading accounts at any time.
Withdrawals
If you would like to withdraw your earnings, log in to FxPro Direct and tap the “Withdraw”/“Wallet” button. It is crucial to transfer funds to your FxPro Wallet before requesting a withdrawal. To do so, choose the “Transfer” button and select your Wallet as the source account and the target trading account.
After that, enter the amount you would like to transfer. If your trading account and Wallet are in different currencies, you can choose a preferred currency from the pop-up window that will appear.
Investors can withdraw their winnings via any of the aforementioned deposit methods. Depending on the payment solution you choose, you will receive your funds within 24 hours to seven business days. The quickest way to withdraw your profits is via the available digital wallets, while bank-dependent methods take the longest.
There is no limit on the minimum withdrawable amount, while the upper ceiling is set at $10,000 for Skrill and PayPal. As for bank cards, you cannot withdraw an amount that exceeds the sum deposited via the specific card. If you request a withdrawal without having traded, a fee of up to 2.6% will be imposed.
FxPro mobile app regulation
If trading is within your scope of interest, you should not forget that safety is of major importance. To ensure that a broker is trustworthy, it should hold a licence issued by a reputable regulator. In the case of FxPro, the mobile trading app is fully regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) and the Securities Commission of the Bahamas (SCB).
As we mentioned at the beginning of this review, the broker has been operating since 2006, which is yet another proof of its reliability. The broker’s customer-centred approach has earned FxPro a number of prestigious accolades, including Best FX Service Provider, Best in Class MetaTrader Broker, Best European Forex Trading, Best Global Trading Platform and others.
FAQ
1. What features and educational tools does FxPro mobile trading app offer?
2. Who can set up an account with this broker?
3. How can I verify my account?
4. Can I lose more money than I already invested?
5. Is there a customer support department?
Conclusion
All things considered, the FxPro mobile trading app is a good choice for both inexperienced and seasoned traders. The app is well organised, meaning that you will not have any problems navigating through its different sections even on the go. On top of that, there are various exciting trading instruments and a plethora of payment solutions. In terms of safety, investors have nothing to worry about when trading via the FxPro mobile app.
