$30.00

Bonus: 10%

Online since
2007
Demo Account
No
US Traders
yes
Rating
9.0

Quotex Review

$10.00

Bonus: 30%

Online since
2019
Demo Account
Yes, unrestricted
US Traders
yes
Rating
8.0
$10.00

Bonus: 100%

Online since
2016
Demo Account
Yes, no restrictions.
US Traders
no
Rating
7.0
$200.00

Bonus:

Online since
2010
Demo Account
Yes
US Traders
no
Rating
9.5

FxPro Review

Program Details

Company Name
FxPro UK Limited and FxPro Financial Services Ltd and FxPro Financial Services Ltd. and FxPro Global Markets Ltd.
Headquarters
Cyprus, UK, Bahamas, South Africa
Regulation

No

US Traders Accepted
no
Out-of-Money Reward
0%
Bonus Type
Match bonus
Bonus Size
Max Payout
Not fixed
Deposit Options
Match bonus
Deposit Currencies
USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR
Trading Platform
MT4, MT5, FxPro Edge, or cTrader
Min Deposit
$100
Minimum Trade
0.01 Forex lot
Maximum Trade
500:1 Forex lots
Trading Instruments
Match bonus
Number of Trading Instruments
70
Online Since
2006
Languages
English, Arabic, Chinese, Czech, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Malaysian, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese
Demo Account
Yes
Rating
7.5

$100.00

Description
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).FxPro’s primary drawback is its higher-than-average pricing, which just can’t compete with the lowest-cost forex brokers.

Is FxPro safe?

FxPro is considered low-risk, with an overall Trust Score of 90 out of 99. FxPro is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). FxPro is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA). Learn more about Trust Score.

Offering of investments

The range of symbols available at FxPro will largely depend on your chosen trading platform. For traders that choose to use MetaTrader’s suite of platforms, FxPro offers over 400 CFDs, including forex, shares, indices, metals, and cryptocurrencies, compared to roughly 100 for its cTrader offering. There are also thousands of shares available to trade in FxPro’s BnkPro app, though it isn’t yet fully available globally. The following table summarizes the different investment products available to FxPro clients.

Cryptocurrency: Cryptocurrency trading is available at FxPro through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.

Commissions and fees

FxPro's pricing is higher than the industry average, putting it at a disadvantage compared to industry peers like Pepperstone or IC Markets, who both also offer the full MetaTrader and cTrader suites.

Execution method: On FxPro’s MT4 offering, traders can choose variable or fixed spreads. For the variable-spread pricing, there are two types of execution-based pricing: instant and market. Instant execution is subject to requotes but no slippage, while market execution has the potential for slippage – but without requotes.

Commissions: FxPro’s most competitive spreads are available on its cTrader platform, which features commission-based pricing. FxPro's effective spread for trading the EUR/USD pair on cTrader is roughly 1.27 pips. This figure takes into account FxPro’s average spread (from August 2020) of 0.37 pips, as well as a 0.9 pip commission-equivalent.

Spreads: FxPro's floating-rate (variable spread) model is available on MT4 and MT5, featuring EUR/USD spreads of 1.58 for accounts on market execution (1.51 pips on MT5), and 1.71 for accounts with instant execution – as per FxPro’s data from August 2020.

Fixed pricing: On MT5, there is no fixed-spread offering, and only market execution is available.

Active traders: FxPro offers an Active Trader program as part of its VIP account offering, although its discounts are not as attractive as what’s available from competitors like FOREX.com, IG, and Saxo Bank.

Executing large orders: No question; FxPro's best feature is its ability to execute large orders, placed with no minimum distance away from the current market price.

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Quotex Review

$10.00

Bonus: 30%

Online since
2019
Demo Account
Yes, unrestricted
US Traders
yes
Rating
8.0
$200.00

Bonus: 120%

Online since
2011
Demo Account
Risk-free trades after deposit
US Traders
yes
Rating
8.5