FxPro Review
Overall, FxPro is very competitive regarding its trading fees and spreads. FxPro is a multi-regulated forex broker headquartered in London. FSA, CBCS, FSC, FSC BVI, FSCA, CEC, and FCA regulate FxPro. FxPro has an overall Trust Score of 90% out of 100% and is currently not regulated by the Central Bank of Uganda.
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
USD 100 / 369232 UGX
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FxPro Review – 17 key points quick overview:
- AvaTrade Overview
- Regulation and Safety of Funds
- Account Types and Features
- Account Registration
- AvaTrade Vs Exness Vs JustMarkets – Broker Comparison
- AvaTrade Trading Platforms
- AvaTrade Range of Markets
- AvaTrade VS Exness VS JustMarkets Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- The process to Withdraw Funds from an AvaTrade Account
- AvaTrade Education and Research
- Bonuses and Promotions
- AvaTrade Affiliate Program
- Verdict on AvaTrade
- AvaTrade Pros and Cons
- Frequently Asked Questions
Summary
👉 Overall, FxPro is considered low-risk, with an overall Trust Score of 90 out of 100. FxPro is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). FxPro offers four retail trading accounts: Standard Account, Pro Account, Raw+ Account, and ECN Account.
Top 3 FxPro User Reviews
➡️ Dean Kelly (February 2023) “In my experience, FxPro offers a high-quality trading environment, characterized by favourable trading conditions such as tight spreads, fast execution without slippage, a well-designed website, comprehensive analytics, and an intuitive personal account interface. Although the broker does not provide promotions, bonuses, or contests, I have used FxPro as my primary broker for the past 12 years. While I occasionally explore other brokerage options, I have yet to identify a compelling reason to switch.”
➡️ Gugu Ntshangase (February 2023) “I commenced my trading career with FxPro when it was still North Finance before its merger and rebranding as Fxpro.com. With 13 years of experience with this broker, I consider them among the best in the industry.”
➡️ Colin Lombard (January 2023) “I have been utilizing FxPro as my broker since 2010 and have encountered no issues with trade executions. Over the past six months, I have executed approximately 700 trades, with FxPro offering the added convenience of instantaneous funds withdrawal via the FxPro MasterCard.”
Advantages that FxPro has over competitors
➡️ FxPro rates well in terms of reputation and dependability. Importantly, they are regulated in the United Kingdom, whose regulators are believed to be safer than those in the EU.
➡️ FxPro provides a variety of desktop trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, to its clientele. The desktop browser experience is comparable to the average in the industry. It enables traders to conduct transactions effortlessly with transparent pricing.
➡️ FxPro enables traders to view other clients’ positions, providing a sense of market positioning.
➡️ The availability of simulated account trading is contingent upon presenting identification documents.
➡️ FxPro gives traders a real-time audio squawk box that informs them of market-moving events, which is a significant advantage.
➡️ In addition, there is a news feed containing the most recent market headlines and a connection to Trading Central WebTV.
➡️ FxPro provides an excellent mobile offering, with iOS and Android apps available.
➡️ FxPro, unlike other brokers, provides streaming, mobile news with important market-moving headlines.
➡️ FxPro, like many other brokers, provides a macroeconomic calendar to track market-moving news.
➡️ FxPro provides algorithmic trading using cTrader, a comprehensive algo and technical indicator coding platform that enables traders to develop algorithmic trading strategies and custom indicators.
Who will Benefit from Trading with FxPro?
👉 FxPro is ideal for forex and CFD traders who desire various trading market options. Their choice of forex pairs and ability to trade equity indices, cryptocurrencies, commodities, and futures distinguishes them from others in the industry.
👉 Nonetheless, frequent traders and professionals may find that the fees reduce profits.
Trading with FxPro Pros and Cons
Pros
➡️ Regulated in one tier-1 and two tier-2 jurisdictions, making it a safe (low-risk) broker for trading Forex and CFDs.
➡️ Offers a variety of pricing options across its account types, including fixed and variable spreads.
➡️ Best known for its MetaTrader and cTrader platform offerings, available for desktop, web, and mobile.
➡️ Provides fully-transparent execution methods that vary by account type.
➡️ Fewer than 1% of client orders are requoted.
Cons
➡️ FxPro’s pricing is not competitive enough to challenge industry leaders.
➡️ FxPro’s proprietary platform, FxPro Edge, is a good foundation for a new web-based platform but cannot compete with the best proprietary trading platforms and is not available as a mobile app yet.
➡️ Offers fewer symbols for forex and CFD traders than the leading multi-asset brokers.
➡️ The BnkPro app offers thousands of global stocks to trade but is not yet fully rolled out.
FxPro Geographic Reach and Limitations
👉 Most of FxPro’s market share is concentrated in these areas:
➡️ Vietnam – 8.75%
➡️ United Kingdom – 8.68%
➡️ Brazil – 8.66%
➡️ Pakistan – 6.81%
➡️ Malaysia – 6.75%
➡️ Germany – 6.73%
➡️ Thailand – 5.78%
➡️ Kenya – 5.74%
➡️ Italy – 5.70%
➡️ South Africa – 5.54%s
FxPro Current Expansion Focus
👉 FxPro is primarily concerned with delivering trading solutions to traders in the United Kingdom, Africa, and Europe.
Countries not accepted by FxPro
👉 FxPro does not accept clients from these countries:
➡️ The United States
➡️ Canada
➡️ Iran
Popularity among Ugandan traders who choose FxPro
👉 FxPro concentrates its services in several regions worldwide, including Africa, which makes FxPro one of the top 300 brokers for traders in Uganda.
FxPro Regulation and Safety of Funds
FxPro Regulations in Uganda
👉 FxPro is not currently regulated by Uganda’s Capital Markets Authority (CMA). However, FxPro is well-regulated by several reputable market regulators in other countries, as per the table in the following section.
FxPro Global Regulations
| 💻 Registered Entity | 📉 Country of Registration | 📈 Registration Number | 📱 Regulatory Entity | 📈 Tier | 💰 License Number/Ref |
| FxPro UK Limited | United Kingdom | 06925128 | FCA | 1 | 509956 |
| FxPro Financial Services Limited | Cyprus | HE 181344 | CySEC | 2 | 078/07 |
| FxPro Global Markets Limited | The Bahamas | – | SCB | 3 | SIA-F184 |
| FxPro Financial Services Limited | South Africa | HE181344 | FSCA | 2 | FSP 45052 |
| Prime Ash Capital Limited T/A FxPro | Mauritius | – | FSC | 3 | GB21026568 |
How FxPro Protects Ugandan Traders and Client Funds
| 💰 Security Measure | ℹ️ Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes, ICF – this does not cover Ugandans |
| Compensation Amount | 20,000 EUR |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Security while Trading
👉 FxPro implements several safety measures to ensure that traders can securely trade with the broker online, including:
➡️ Requiring all passwords to meet specific complexity and length requirements.
➡️ Implementing 2-Step Verification for added security.
➡️ Sending automated email confirmations when traders modify their passwords.
➡️ Using the highest level of data encryption for all applications and websites.
➡️ Employing a dedicated team of professionals to monitor security and respond to incidents or suspicious activity with online payments.
➡️ Appointing a Data Protection Officer to oversee GDPR compliance.
➡️ Regularly undergoing external audits to ensure safety and security standards are met.
FxPro Awards and Recognition
👉 FxPro has received the following rewards and recognition:
➡️ Best Broker in the United Kingdom 2021: Ultimate Fintech Awards.
➡️ Best Forex Provider 2021: Online Personal Wealth Awards.
➡️ Best Trading Platform 2020.
➡️ Best Broker 2014-2020: Financial Times and Investors Chronicles Awards.
➡️ Best Forex Trading Experience 2018: UK Forex Awards.
FxPro Account Types and Features
👉 The availability of multiple trading platforms and account types is a benefit of trading with FxPro. FxPro provides numerous premium trading platforms, including cTrader, Metatrader 4, Metatrader 5, and bespoke solutions.
👉 FxPro offers a range of trading conditions to facilitate a more customized trading experience.
👉 FxPro offers over 2100 CFD assets in six categories, superior execution, advanced online trading tools, and trading strategies. These qualities make FxPro an alternative ideal for traders with various needs.
| 💻 Live Account | 💵 Minimum Dep. | 📊 Average Spread | 💰 Commissions | 💸 Average Trading Cost |
| Standard | 370,000 UGX ($100) | 1.2 pips | Only the Spread | 12 USD |
| Pro | 3.7 million UGX ($1,000) | 0.6 pips | Only the Spread | 6 USD |
| Raw+ | 3.7 million UGX ($1,000) | 0.0 pips | $3.5 per side | 7 USD |
| ECN | 111.3 million UGX ($30,000) | 0.0 pips | $3.5 per side | 7 USD |
FxPro Live Trading Account Details
Standard Account
👉 Trading with the Standard Account at FxPro allows you to avoid commissions and trade using only bid and ask prices. You can trade various assets, including currencies, metals, indices, energies, futures, cryptocurrencies, and stocks, with no additional fees other than the spread.
| 💰 Minimum Deposit | 370,000 UGX / $100 |
| 📊 Forex Spread | From 1.2 pips on EUR/USD, GBP/USD, USD/JPY |
| 💵 Gold Spread | From 25 cents, with an average of 30 cents |
| 💸 Crypto Spread | From 30 USD, with an average of 40 USD |
| 💵 Commission Fees | None, only the spread is charged |
| 💻 Maximum Leverage | 1:500 |
| 📈 Minimum Trade Size | 0.01 lots |
| 📉 Maximum Trade Size | Unlimited |
Pro Account
👉 Investors who prefer to trade using only bid-and-ask prices without paying extra commissions should consider signing up for the Pro Account at FxPro. This account allows you to trade in the same markets and with the same assets as FxPro MT4 and MT4 Instant.
| 💰 Minimum Deposit | 3.7 million UGX / $1,000 |
| 📊 Forex Spread | From 0.6 pips on EUR/USD, GBP/USD, USD/JPY |
| 💵 Gold Spread | From 20 cents, with an average of 25 cents |
| 💸 Crypto Spread | From 15 USD, with an average of 20 USD |
| 💵 Commission Fees | None, only the spread is charged |
| 💻 Maximum Leverage | 1:500 |
| 📈 Minimum Trade Size | 0.01 lots |
| 📉 Maximum Trade Size | Unlimited |
Raw+ Account
👉 The Raw+ Account at FxPro is ideal for traders who want to take advantage of rapid changes in the financial markets by offering the tightest possible spread. With this account, traders can benefit from zero-pip spreads and pay only a $3.5 commission per side on Forex trades.
| 💰 Minimum Deposit | 3.7 million UGX / $1,000 |
| 📊 Forex Spread | From 0.0 pips on EUR/USD, GBP/USD, USD/JPY |
| 💵 Gold Spread | From 10 cents, with an average of 15 cents |
| 💸 Crypto Spread | From 15 USD, with an average of 20 USD |
| 💵 Commission Fees | From $3.5 per side |
| 💻 Maximum Leverage | 1:500 |
| 📈 Minimum Trade Size | 0.01 lots |
| 📉 Maximum Trade Size | Unlimited |
ECN Account
👉 Experienced traders looking for the lowest spreads may be interested in the ECN Account at FxPro, popular for fast-paced strategies like scalping and day trading. This account offers competitive spreads and is designed to meet the needs of experienced traders.
| 💰 Minimum Deposit | 111.3 million UGX / $30,000 (in 2 months) |
| 📊 Forex Spread | From 0.0 pips on EUR/USD, GBP/USD, USD/JPY |
| 💵 Gold Spread | From 10 cents, with an average of 15 cents |
| 💸 Crypto Spread | From 15 USD, with an average of 20 USD |
| 💵 Commission Fees | From $3.5 per side |
| 💻 Maximum Leverage | 1:500 |
| 📈 Minimum Trade Size | 0.01 lots |
| 📉 Maximum Trade Size | Unlimited |
FxPro Demo Account
👉 Ugandans who want to trade can register a free FxPro demo account on any platform that supports them. A FxPro demo account can be utilized with any of their trading platforms and includes $500,000 in virtual currency.
👉 Furthermore, a trial account allows you to test different trading techniques and become acquainted with the market without risking money.
FxPro Islamic Account
👉 FxPro offers swap-free accounts to Muslim traders in Uganda who cannot pay or receive swaps. However, fees may apply when a set number of days have elapsed and a specific instrument has been traded.
FxPro Professional Account
👉 FxPro presently does not provide a dedicated account for Professional Traders in Uganda.
FxPro Spread Betting Account
👉 Because Spread Betting is not permitted in Uganda, the following is strictly informative.
👉 FxPro UK Limited provides Spread Betting to all UK-based clients via its proprietary Spread Betting Platform, FxPro Edge. FxPro Edge is a trading platform that allows clients to trade tax-free* across hundreds of instruments and six asset classes.
👉 FxPro Edge’s widget-based user interface can be customized to match your trading needs. You can also trade directly from the chart, ticker or by constructing your own quick trade setups. Over 50 technical indicators, price alerts, and more will also be found.
FxPro Base Account Currencies
👉 Ugandan traders who open an account with FxPro can select USD, EUR, GBP, CHF, PLN, AUD, JPY, or ZAR as their base currency.
👉 However, Ugandans will be charged currency conversion fees if they deposit or withdraw in a currency other than the trading account’s base currency.
FxPro Basic Order Types
👉 FxPro’s basic order types are as follows:
➡️ Market Orders
➡️ Pending Orders
➡️ Take Profit
➡️ Stop-Loss Orders
Market Orders
👉 A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position. CFDs are purchased at the ASK price and sold at the BID price.
👉 Furthermore, with FxPro, Market Orders are available for all accounts. In addition, Stop Loss and Take Profit Orders can accompany Market Orders.
Pending Orders
👉 Pending Orders are requests to buy or sell a CFD at a pre-defined price in the future once a certain price is reached. FxPro offers four Pending Orders: Buy Limit, Buy Stop, Sell Limit, and Sell Stop.
👉 These orders are executed when the price reaches the specified level. However, executing at the requested price may be impossible under certain trading conditions. FxPro has the right to execute the order at the first available price in such cases.
👉 Stop Loss and Take Profit Orders can be attached to a Pending Order and are valid until cancelled. In addition, Pending Orders are available for all accounts with FxPro.
Take Profit
👉 Take Profit Orders are intended to secure profit when the price of a CFD reaches a specific level. The execution of this order results in the complete closure of the entire position and is always connected to an open, market, or pending order.
👉 In addition, the FxPro platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Take Profit Order have been met.
Stop-Loss Orders
👉 Stop-Loss Orders are used to minimize losses if the price of a CFD begins to move in an unprofitable direction. If the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed.
👉 Stop-Loss Orders are always connected to an open, market, or pending order. The FxPro platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met.
FxPro – Slippage and Requote Policy
Slippage
👉 Slippage is common in the forex market during periods of high volatility or low liquidity, as well as when significant economic data or news announcements are released.
👉 FxPro acknowledges slippage as an integral part of trading and has implemented measures to protect traders from market volatility.
👉 The broker provides a sophisticated trade management system that helps mitigate the risk of negative slippage and ensures that trades are executed at the best price.
Requotes
👉 Regarding requotes, FxPro’s MT5 and cTrader platforms utilize Market Execution, meaning there are no requotes. However, during extreme market volatility, traders may experience requotes on FxPro MT4 Instant accounts.
👉 To prevent requotes, traders can check the “Standard Deviation” box at the bottom of the “Order” window, which allows them to set a pip range and avoid requotes if the market price deviates from their clicked price.
How to open an Account with FxPro
👉 To register an account with FxPro, Ugandan traders can follow these easy steps:
➡️ FxPro needs clients to fill out an intake form including their email address, name, phone number, country of residence, and date of birth.
➡️ The client will receive an email with a confirmation PIN.
➡️ Potential traders are then questioned about their financial knowledge and trading experience.
➡️ Traders will choose their trading platform (MT4, MT5, FxPro Edge, or cTrader), default leverage, base currency, and communication language.
➡️ People must send a copy of their National ID or Passport, complete with the signature page, and a copy of a recent utility bill or bank statement with their name and address that is no more than three months old.
➡️ FxPro will make additional inquiries to determine the eligibility of prospective traders based on the information given.
How to close My Account with FxPro
👉 To close a live trading account with FxPro, Ugandan traders can follow these steps:
➡️ Go to the FxPro website and sign into your account.
➡️ At the top of the website, select the ‘Support’ tab.
➡️ ‘Contact Us’ should be selected from the drop-down menu.
➡️ Select the most convenient way to contact the FxPro support team. You can, for example, utilize the live chat option, send an email, or fill out the contact form.
➡️ Give us your account information, including your account number and other pertinent information. Say that you want to close your account and ask for help.
➡️ The FxPro support team will next walk you through cancelling your account. Before proceeding, they may need additional information or evidence to verify your identification.
➡️ You should receive confirmation from the FxPro support team once your account has been successfully closed.
➡️ It is crucial to note that before cancelling your account, FxPro may force you to liquidate any open trades or clear any outstanding amounts. As a result, it is advisable to ensure that your account is in good standing before beginning the account closure procedure.
FxPro MAM / PAMM Features
👉 Traders can expect the following from FxPro MAM Solutions:
➡️ FxPro Multi Account Manager (MAM) is for money managers to execute orders for multiple clients
➡️ MAM allows money managers to trade and manage multiple accounts from a single master account
➡️ Features include allocation methods, lot sizes, and reporting system
➡️ Allocation methods include percentage, lot, and equity allocation
➡️ Money managers can tailor trading conditions and commission structures to each client
➡️ A master account is required to use the MAM feature and add individual accounts
➡️ The adaptable trading conditions and reporting system make it an efficient tool for money managers to manage multiple accounts.
Social Trading with FxPro
👉 FxPro does not currently offer Social Trading for Ugandan traders.
Broker Comparison
| 🥇 FxPro | 🥈 Tifia | 🥉 ACY Securities | |
| ⚖️ Regulation | FCA, CySEC, SCB, FSCA, FSC | VFSC, FSC | ASIC, VFSC |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • cTrader • FxPro App | • MetaTrader 4 • MetaTrader 5 • Tifia Forex Analysis App | • MetaTrader 4 • MetaTrader 5 |
| 💰 Withdrawal Fee | No | Yes | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 370,000 UGX ($100) | 3,700 UGX ($1) | 190,000 UGX ($50) |
| 📈 Leverage | 1:500 | 1:1000 | 1:500 |
| 📊 Spread | From 0.0 pips EUR/USD | From 0.0 pips | Variable, 0.0 pips |
| 💰 Commissions | $3.5 per side | $8 | From $5 |
| ✴️ Margin Call/Stop-Out | 100%/50% | 100% | 100%/50% |
| ✴️ Order Execution | Market | 50% | STP |
| 💳 No-Deposit Bonus | No | Yes | None |
| 📊 Cent Accounts | No | Yes | No |
| 📈 Account Types | • Standard Account • Pro Account • Raw+ Account • ECN Account | • A Start Account (Micro) • ECN Classic Account • ECN Pro Account | • Standard Account • ProZero Account • Bespoke Account |
| ⚖️ CMA Regulation | No | No | No |
| 💳 UGX Deposits | No | No | Yes |
| 📊 UGX Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 3 | 3 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📈 Maximum Trade Size | Unlimited | 100 lots | Depends on the region and trading instrument |
FxPro Trading Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ FxPro App
MetaTrader 4
👉 MetaTrader 4 (MT4) is a popular trading platform traders have used for over a decade. FxPro provides an MT4 version with advanced trading tools and features, including different charting options, customizable indicators, and algorithmic trading capabilities.
👉 Furthermore, the platform provides a user-friendly layout that makes it easy for traders to navigate and execute deals.
MetaTrader 5
👉 MetaTrader 5 (MT5) is the most recent version of the MetaTrader platform and is available to FxPro customers. The multi-asset platform allows traders to trade currencies, equities, futures, and other financial products.
👉 Technical analysis indicators and automated trading options are available in MT5. Furthermore, the platform provides hedging and netting, allowing traders to manage their positions per their strategy.
cTrader
👉 cTrader is a trading platform that specializes in Forex and CFD trading. It boasts a modern, user-friendly interface that allows traders to make deals quickly and efficiently. Advanced charting tools, trading signals, and algorithmic trading options are available in cTrader.
👉 The program also supports manual trading and allows traders to use custom indicators and strategies.
FxPro App
👉 The FxPro App is a mobile trading platform allowing traders to access their FxPro accounts while on the go. The FxPro app is available for both iOS and Android devices. Furthermore, the program has features such as real-time quotations, charting tools, and one-click trading.
👉 Furthermore, the FxPro App enables push alerts, keeping traders updated on market happenings and price fluctuations. Furthermore, the app includes a user-friendly layout that allows traders to explore and manage their accounts easily.
FxPro Investment Programs
👉 FxPro does not offer a separate investment program for Ugandans.
Which Markets can You Trade with FxPro?
👉 Ugandan traders can expect the following range of markets from FxPro:
➡️ Forex
➡️ Futures
➡️ Indices
➡️ Shares
➡️ Metals
➡️ Energies
➡️ Cryptocurrency CFDs
Financial Instruments and Leverage offered by FxPro
| 🔧 Instrument | 💰 Number of Assets Offered | 📈 Max Leverage Offered |
| Forex | 70 | 1:500 |
| Share CFDs | 21 | 1:50 – 1:100 |
| Indices | 19 | 1:50 – 1:100 |
| Cryptocurrency | 2,000+ | 1:25 |
| Metals | 8 | 1:50 – 1:200 |
| Energies | 3 | 1:20 |
FxPro Trading and Non-Trading Fees
Spreads
👉 FxPro uses variable spreads on some accounts, which are then marked up so that the company can take its fee from the spread. On the other hand, accounts that do not have a spread are paid a fixed commission cost.
👉 The spread rates that traders can expect with FxPro change based on the account type, and the following table provides the standard spread for each account type:
➡️ Standard Account – 1.2 pips EUR/USD
➡️ Pro Account – 0.6 pips EUR/USD
➡️ Raw+ Account – 0.0 pips EUR/USD
➡️ ECN Account – 0.0 pips EUR/USD
Commissions
👉 According to FxPro, Standard and Pro Accounts do not have to pay commission fees because the charge for the broker is incorporated into the spread.
👉 Raw+ and ECN Accounts, on the other hand, offer zero-pip spreads, and traders can anticipate paying commissions beginning at $3.5 per side, depending on the financial instrument.
Overnight Fees, Rollovers, or Swaps
👉 When a position is left open overnight, FxPro charges swap/rollover fees to cover the cost of funding the trade. The swap is then applied to the client’s account at 11 p.m. (UK time) and converted to the account’s base currency.
👉 On the FxPro, MT4, and cTrader platforms, swap fees are charged once every workday, except on Fridays, when they are charged three times because of the weekend rollover (Friday-Monday). Ugandans need to remember the following:
➡️ All instruments traded on the MT5 platform are charged swap costs daily.
➡️ FxPro has accounts that do not use swaps but must meet certain requirements.
➡️ Future contracts do not allow swaps.
➡️ Swap prices are looked at and changed often.
Deposit and Withdrawal Fees
👉 FxPro does not charge any deposit or withdrawal fees.
Inactivity Fees
👉 FxPro does not currently confirm the existence of an inactivity fee on dormant accounts.
Currency Conversion Fees
👉 Transaction fees may apply if Ugandan traders deposit or withdraw funds in a currency other than their base account currency.
Other Trading / Non-Trading Fees
👉 There are currently no other trading or non-trading fees indicated for FxPro.
FxPro Deposits and Withdrawals
👉 FxPro offers Ugandan traders the following deposit and withdrawal methods:
➡️ Bank Transfers
➡️ Credit/Debit Cards
➡️ Neteller
➡️ PayPal
➡️ Skrill
➡️ UnionPay
Broker Comparison: Deposit and Withdrawals
| 🥇 FxPro | 🥈 Tifia | 🥉 ACY Securities | |
| Minimum Withdrawal Time | 1 business day | Instant | 24 to 48 hours |
| Maximum Estimated Withdrawal Time | 7 business days | Between 2 to 5 working days | 5 to 7 working days |
| Instant Deposits and Instant Withdrawals? | Yes, Deposits | Yes | Yes |
FxPro Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.
| 💻 Payment Method | 💵 Deposit Currencies | 💸 Deposit Processing | 💰 Withdrawal Processing |
| Credit/Debit Card | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | 1 – 3 days | 3 – 7 days |
| Skrill | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
| Neteller | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
| Crypto | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
| Perfect Money | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
| Indonesian Local Bank | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | 24 hours | 1 day |
| Fasapay | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
How to Deposit Funds with FxPro
👉 To deposit funds to an account with FxPro, Ugandan traders can follow these steps:
➡️ Sign in to your FxPro account or create a new one if you do not already have one.
➡️ Click the “Deposit” button in the screen’s top right-hand corner.
➡️ Select your preferred payment method from the options provided. FxPro offers a variety of payment methods, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and PayPal.
➡️ Enter the amount you wish to deposit in your account.
➡️ Follow the prompts to provide additional information to complete your deposit, such as your payment card details or e-wallet login credentials.
➡️ Review the deposit summary to ensure that all information is correct, including the amount you wish to deposit and your selected payment method.
➡️ Once you are satisfied that all information is correct, click the “Deposit” button to complete the transaction.
➡️ Wait for the funds to be credited to your FxPro account. The time it takes for the funds to be credited will depend on your chosen payment method.
How long do FxPro Deposits take?
👉 Depending on the method used, FxPro deposits can be processed immediately. However, deposits may take one to three business days to appear in the trading account, depending on the time the deposit was made.
FxPro Fund Withdrawal Process
👉 To withdraw funds from an account with FxPro, Ugandan traders can follow these steps:
➡️ Log in to your FxPro account.
➡️ Click the “Withdraw” button in the screen’s top right-hand corner.
➡️ Select your preferred withdrawal method from the options provided. FxPro offers a variety of withdrawal methods, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and PayPal.
➡️ Enter the amount you wish to withdraw from your account.
➡️ Follow the prompts to provide any additional information required to complete your withdrawal, such as your bank account or e-wallet details.
➡️ Review the withdrawal summary to ensure all information is correct, including the amount you wish to withdraw and the withdrawal method you selected.
➡️ Once you are satisfied that all information is correct, click the “Withdraw” button to submit your request.
➡️ Wait for the funds to be processed and credited to your withdrawal method. The time it takes for the funds to be credited will depend on your chosen withdrawal method.
➡️ FxPro may require additional documentation or verification before processing your withdrawal request. This is a standard security measure to protect against fraudulent activity.
How long do FxPro Withdrawals take?
👉 The time it takes to receive funds from FxPro can vary widely across withdrawal methods and individual payment providers.
FxPro Education and Research
Education
👉 FxPro offers the following Educational Materials to Ugandan traders:
➡️ 9 Online Courses
➡️ Pips and points
➡️ Lots and leverage
➡️ Margin
➡️ What is a CFD?
➡️ How to start CFD trading?
➡️ What is the financial Market?
➡️ Trading Sessions
➡️ How to trade the forex markets
➡️ Chart Types
➡️ 4 Fundamental Analysis Courses
➡️ Major Economic Indicators Part 1
➡️ Major Economic Indicators Part 2
➡️ What is fundamental analysis
➡️ Leading and lagging economic indicators
➡️ 5 Technical Indicator Courses
➡️ What is Technical Analysis
➡️ Support and Resistance Levels
➡️ What are channels, and how to put them on
➡️ Major Patterns
➡️ Trend Lines, etc.
➡️ Trading Psychology
➡️ Novice Traders’ Mistakes
➡️ Trading: from competency to skill
➡️ Blindfolded on a mountain range
➡️ Escalation of Commitment and the Skunk Cost Fallacy
Research and Trading Tool Comparison
| 🥇 FxPro | 🥈 Tifia | 🥉 ACY Securities | |
| Economic Calendar | Yes | Yes | Yes |
| VPS | Yes | No | No |
| AutoChartist | No | No | No |
| Trading View | Yes | No | No |
| Trading Central | Yes | No | No |
| Market Analysis | Yes | Yes | Yes |
| News Feed | Yes | Yes | Yes |
| Blog | Yes | Yes | Yes |
👉 FxPro also offers Ugandan traders the following additional Research and Trading Tools:
➡️ Economic Calendar
➡️ Forex News
➡️ Trading Calculators
➡️ Earnings Calculators
➡️ FxPro Market News
➡️ Technical Analysis through Trading Central
➡️ Trader’s Dashboard
➡️ FxPro Direct App
➡️ FxPro VPS
➡️ Download Centre
FxPro Bonuses and Promotions
👉 FxPro does not offer bonuses or promotions to Ugandan traders. However, there is a cashback rebates programme where traders can earn up to 30% of their spreads back.
How to open an Affiliate Account with FxPro
👉 To register an Affiliate Account, Ugandans can follow these steps:
➡️ To become a partner with FxPro, visit their website and select the “Partners” link.
➡️ To become a part of our partnership program, please follow the link.
➡️ Please provide your name, email address, phone number, and country of residence in the registration form.
➡️ Decide which partnership (Broker Introduction, Affiliate, etc.) interests you.
➡️ Provide the supplementary data your selected type of partnership demands, such as your company name and website for Affiliate accounts.
➡️ Accept the partnership agreement’s stipulations and click the “Register” button.
➡️ Your affiliate account login information and a confirmation email will be sent shortly after you sign up.
➡️ You can earn money by referring customers to FxPro through your affiliate account.
FxPro Affiliate Program Features
👉 Ugandans can expect the following from the FxPro Affiliate programme:
➡️ FxPro’s advanced tracking and reporting tools make it simple for partners to keep tabs on referrals, commissions, and other crucial indicators. In addition, the company offers highly competitive commission rates to earn more from referrals.
➡️ Partners may reach out to a dedicated account manager for help whenever they need it. In addition, they have access to various promotional tools, including banners, landing pages, and other creatives, to spread the word about FxPro.
➡️ Different partners have different demands. Thus, FxPro provides several partnership alternatives to meet their requirements, including Introducing Broker, Affiliate, and White Label.
➡️ FxPro is a highly regarded online broker due to its excellent offerings, which include cutting-edge trading platforms, reasonable prices, and helpful support staff.
➡️ FxPro’s partnership program provides partners with all the materials they need to build a successful partnership and earn considerable income from client referrals.
FxPro Customer Support
| 📞 Customer Support | ✔️ FxPro Customer Support |
| Operating Hours | 24/5 |
| Support Languages | Multilingual |
| Live Chat | Yes |
| Email Address | [email protected] |
| Telephonic Support | Yes |
| Local Support in Uganda? | No |
| The overall quality of FxPro’s Support | 5/5 |
FxPro Corporate Social Responsibility
👉 FxPro is a worldwide company employing people from many different cultural backgrounds. Furthermore, FxPro feels its charity efforts will have a greater impact if employees are allowed to donate to the organizations they care about.
👉 Furthermore, FxPro works hard to foster long-lasting partnerships within the local communities in which it does business.
👉 Since then, FxPro has become actively associated with many charitable organizations, including the United Nations Children’s Fund (UNICEF), the American Red Cross, and numerous domestic and foreign medical centers, clinics, and benefits.
Additional Features of FxPro
Financial Reports
👉 FxPro does not currently publish its financial reports.
FxPro Future Vision
👉 FxPro does not currently publish its objectives for 2023 onwards.
FxPro Risk Warning and Disclaimer for traders
👉 FxPro warns that CFDs are high-risk due to leverage and a difficult tool. Thus, before putting any money into CFDs, fully grasp how they function.
FxPro Cashback Rebates Features and Conditions
👉 Overall, FxPro offers forex rebates of up to 30% of the spread on the MT4 (Instant, Standard, and Fixed), FxPro Edge, MT5, cTrader, and Spread Betting (not available in Uganda) Accounts as follows:
| 💻 MT4 (Instant, Standard, Fixed) | 💰 FxPro Edge | 📈 MT5 | 📉 cTrader | 📊 Spread Betting | |
| Forex | 30% of the Spread | 30% of the Spread | 30% of the Spread | 30% of the spread + 24.50% per million USD traded | 10% of the execution spread or Bet Spread |
| Indices | 30% of the Spread | 30% of the Spread | 30% of the Spread | 30% of the Spread | – |
| Cryptocurrency | 30% of the Spread | 30% of the Spread | 30% of the Spread | – | – |
| Precious Metals | 30% of the Spread | 30% of the Spread | 30% of the Spread | 30% of the Spread + 24.50% per million USD traded | – |
| Energies | 30% of the Spread | 30% of the Spread | 30% of the Spread | 30% of the Spread | – |
| Shares | 30% of the Spread | 30% of the Spread | – | – | – |
| Soft Commodities | 30% of the Spread | 30% of the Spread | 30% of the Spread | – | – |
| Futures | 30% of the Spread | 30% of the Spread | 30% of the Spread | – | – |
| Payment Frequency | FxPro Offers monthly Cashback to traders | FxPro Offers monthly Cashback to traders | FxPro Offers monthly Cashback to traders | FxPro Offers monthly Cashback to traders | FxPro Offers monthly Cashback to traders |
FxPro Cashback Forex Conditions and Additional Notes
➡️ Earnings, trading activity, new sign-ups, deposits, withdrawals, and other promotional data are all summarized on the FxPro partner dashboard.
➡️ Traders eligible for rebates from FxPro will receive their payments the following month.
➡️ An “Introducer Broker” is a business partner who registers to earn commissions depending on the total volume of transactions made by customers they have recommended. FxPro offers its customers the chance to earn up to 30% of the spread, while its partners can earn up to 55% of the company’s profits.
➡️ Customers from Portugal, Spain, and Belgium are not eligible for rebates.
➡️ FxPro does not offer rebates to clients that employ the “Close By” or “Multiple Close Buy” trading strategies to avoid confusion.
FxPro Web Traffic Report
| 💻 Global Rank | 92,362 |
| 💰 Country Rank | 10,407 |
| 📉 Category Rank | 120 |
| 📈 Total Visits | 775k+ |
| 📊 Bounce Rate | 61.04% |
| 💵 Pages per Visit | 2.08 |
| 💸 Average Duration of Visit | 00:01:17 |
| 💰 Total Visits in the last three months | • November – 694K • December – 634K • January – 775K |
Our Final Verdict on FxPro
👉 FxPro, a company that positions itself as the “No. 1 forex broker in the world,” demonstrates an impressive ability to uphold its reputation.
👉 Furthermore, the combination of competitive no-commission trades and low overall fees enables FxPro to effectively compete with other prominent forex brokers in the UK and beyond.
👉 The utilization of exceptional trading platforms further enhances its standing in the industry. However, the company may benefit from allocating additional resources to develop its educational materials.
FxPro Alternatives
➡️ FBS is an international broker that was established in 2009. FBS offers a choice between flexible accounts, including a Micro/Cent Account. FBS is known for having the lowest spreads, from -1 pip on the ECN Account and major instruments.
➡️ HFM offers Ugandans access to excellent trader tools, in-house market analysis, and more. Ugandans can choose between MetaTrader 4 and 5, with access to over 1,000 CFDs that can be traded.
➡️ Trade Nation – The intuitive, well-designed web and mobile trading app from Trade Nation is an innovative platform package ideal for novice forex and CFD traders. Provides a dollar-per-point default staking size, where instead of selecting a transaction size in units, you can choose how much you wish to risk per price point or pip.
Latest Existing/Previous Customer Comments on FxPro for 2022/3
➡️ Richard Robinson (December 2022) “My experience with FxPro has been entirely positive. The broker’s services and tools meet my needs and expectations for a comfortable trading experience. After some unsuccessful experiences with other companies (which I will not name), I have come to appreciate the quality and values provided by FxPro.”
➡️ Oscar Browne (May 2022) “Since 2008, I have traded with FxPro without significant problems. I have encountered occasional hiccups, such as server freezing for a few minutes and requotes during highly volatile news sessions. Overall, I have been satisfied with my experience with FxPro.”
➡️ Isla Farrell (February 2022) “I have had an excellent experience with this broker, finding the platform fast and user-friendly. One feature that stood out to me was the ability to manage my account online by logging onto their website, enabling me to adjust my leverage in real-time.”
Recommendations according to our in-depth review of FxPro
👉 Presently, the quality of training provided by FxPro lags behind that of other reputable forex brokers. While FxPro’s research capabilities and order types are above average, there is still room for improvement.
👉 Nonetheless, these features are sufficient to meet the needs of most investors who choose to conduct trades with this award-winning broker.
FAQ
Does FxPro have Nasdaq 100?
Yes, FxPro offers Nasdaq 100 as a CFD on indices.
What financial instruments can I trade with FxPro?
FxPro offers various financial instruments, including Forex, Futures, Shares, Spot Indices, Spot Metals, Spot Energies, and Cryptocurrencies.
Is FxPro Safe or a Scam?
FxPro has a trust score of 90% based on its Tier-1, Tier-2, and Tier-3 regulations, safety protocols, and strict policies.
Is FxPro regulated?
Yes, FxPro is regulated by several financial authorities, including FSCA, CySEC, FCA, SCB, and FSC.
How can I withdraw funds from my FxPro account?
Traders can withdraw funds from their FxPro account by selecting their preferred withdrawal method from the options provided, such as bank wire transfer, credit/debit card, and e-wallets.
How can I deposit funds into my FxPro account?
FxPro offers several deposit methods, including bank wire transfer, credit/debit card, and e-wallets such as Skrill, Neteller, and PayPal.
How long does it take to withdraw from FxPro?
After withdrawing, it takes up to seven working days for funds to reflect in your bank account.
Does FxPro have VIX 75?
FxPro does not have VIX 75.
Why should I work through the SA Shares Cashback?
You can expect some of the highest commissions if you work through SA Shares to earn up to 30% Cashback Rebates from Forex Brokers such as FxPro.
This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as FxPro to ensure you get the most back from your trading activities.
Conclusion
Our Review Methodology
👉 For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
👉 Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
👉 Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with FxPro?
➡️ What was the determining factor in your decision to engage with FxPro?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
➡️ Have you experienced issues with FxPro, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct when going live.
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