FxPro Broker Review

One of the most respected Forex brokers in the industry, FxPro is well regulated and has a much larger client base than most other brokers, with over 870 000 clients in 173 countries. FxPro offers a no-dealing desk execution model and trading on six asset classes, including Forex, shares, indices, futures, metals, and energies.

FxPro offers five live accounts, all with a minimum deposit requirement of only 100 USD, but trading costs that are higher than other similar brokers. Spreads start at 1.41 pips (EUR/USD) on its Metatrader accounts and 0.31 pips on its cTrader account in exchange for a commission of 9 USD round turn. Additionally, FxPro offers very little in the way of education and market analysis materials, making it a poor choice for beginner traders.

With full support for MT4, MT5, cTrader, and the FxPro proprietary trading platform, traders have a wider platform choice than is typically available at other brokers. FxPro allows hedging, scalping, and algorithmic trading on all platforms except its own. FxPro also offers a number of trading tools, including free access to Trading Central, a number of calculators, and a VPS service at an additional cost, which is in line with what is offered at other brokerages.

Additionally, its responsive customer service is available 24/5 in 18 languages, including Malay. Malaysians will also be pleased to note that FxPro offers Islamic swap-free accounts