FXPro Benefits and Drawbacks (2022)
FX-Pro is a web trading broker specializing in fiat and crypto trading on the Forex market. However, it still allows a wide range of assets for trade. It’s a reliable site and a highly rated broker used worldwide. However, trading crypto guarantees impressive returns with the utmost security and low risk on investments. This article offers insight into FX-Pro and reviews its feature details, trade and whether or not it’s a go-to crypto trading broker on the Forex market.
FX-Pro: An Overview
FX-Pro is a global Forex broker offering various currencies trading services and has racked massive popularity on the international stage. The FX broker was first established in 2006 and has transcended the national scale to becoming a sought-after Forex broker. It typically operates across 170 countries, including the UK, South Africa and Australia. It’s highly regulated and is a top-end crypto trading broker guaranteeing higher returns and reliable security.
Who Can Trade on FX-Pro?
Anyone can trade on FX-Pro, including people with varied skills and expertise. Beginners can still find their way around the site by creating an account at FX-Pro https://www.fxpro.com/trading/cryptocurrencies, subject to passing the basic compliance checks. Besides, the site offers numerous resources with the information needed and a demo account to familiarize them with seamless trading. It’s possible to trade CFDs on cryptocurrencies while gaining from the fast order executions and tight spreads.
This broker offers four reliable trading platforms, including the conventional MT4 and MT5, Edge and cTrader. These platforms allow you to access thousands of assets in various classes, and crypto trading is a notable mention. These platforms offer reasonable trading costs, trade sizes, CFD instruments and min stop levels. It also allows hedging and stop-outs for all FX-Pro entities. It also provides a free interactive trading course on CFDs, perfect for beginners looking at trading with CFDs.
Requirements for Opening an FX-Pro Account
Since FX-Pro is a highly regulated Forex trading platform, there are a few compliance check requirements that you need to satisfy. These include the essential requirements and steps subject to account approval, including:
- Filling your country of residence and provide a name, password and email address.
- Residential address, nationality and phone number
- Employment information
- Financial information
- Selecting a trading platform, default leverage and a cryptocurrency of your preference
- Uploading copies of your national ID, driver’s license or passport, or perhaps, taking a selfie to verify your identity.
Once everything checks out, you’ll wait for verification by the broker, and you’re all set on trading your crypto on the Forex market.
Accounts, fees, spreads and leverages
The minimum deposit amount on FX-Pro is $100, but don’t expect any deposit fees since this broker doesn’t charge any. You can make your deposits via various methods, including UnionPay, PayPal, Skrill or Neteller. The crypto leverage is at 1:20, and you can trade cryptocurrency CFDs in pairs with USD, and you can choose to go either long or short.
FX-Pro offers three account types, including the MT4, MT5 and ctrader. While these accounts provide leverage of 1:2 on crypto trading, they also allow for micro lot trading at 0.01. Besides, the MT4 and MT5 accounts offer demo accounts to give you the grips on trading. FX-Pro also provides Islamic accounts in line with the international laws for inclusivity. Worth mentioning is the competitive spreads this forex trading broker charges on its platforms with zero commissions. However, for assets traded in $1 million crypto value, they charge about $45.
FX-Pro Security and Client Support
FX-Pro is licensed and highly regulated by over 30 regulations globally. Besides, the site has SSL encryption for online security to prevent imminent data thefts or malicious activity. Fair to say, your investment is safe for as long as you use the site. Besides, the client support is top-notch, and you can use their numerous communication channels to lodge complaints or make an enquiry 24/7. You can request a callback, start live chat support or use the email email@example.com.
FX-Pro Crypto Trading Pros
- Incredible customer service and support
- Free deposits and withdrawals
- It has a simple account opening process
- Excellent site security and protection
- You get the necessary resources to get started
FX-Pro Crypto Trading Cons
- Inactivity fees
- It May be unavailable in a few countries due to jurisdiction
Thanks to its simple user interface and swift account opening, trading crypto is much easier with FX-Pro. Its customer support is top-end and guarantees you maximum investments protection. Therefore, trading with FX-Pro can be a worthy choice if you’re more particular with crypto.