FxPro is one of the forex companies that provide a platform for forex traders to trade on foreign currencies in the exchange market. A lot of persons are interested in becoming forex traders and hence, they are looking for good forex brokers who are trusted, reliable and transparent to trade in foreign currency and make lots of profit for themselves.
One of the forex brokers in the world of forex trading is FxPro Nigeria. FxPro was established in 2006 with its head office located in Cyprus.
FxPro has established itself as one of the top forex brokers in the world after providing an online investing trading company for forex traders to trade in commodities, indices, Futures, CFDs as well as digital currencies.
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Fxpro is a regulated company as they hold licenses in the United Kingdom (UK) under FxPro UK Limited. They are also regulated by the FCA and its entity in Cyprus, FxPro Financial Services Limited, which is regulated by CySEC.
It also has advanced further to expand its regulatory footprint with a license obtained from the Dubai Financial Services Authority (DFSA) of the United Arab Emirates (UAE). Fxpro has clients and customers from more than 150 countries of the world.
FxPro Nigeria provides several types of accounts for different customers and clients at all levels. Examples of trading account which you can try out on the FxPro Platform include; FxPro MT4 Floating Spread account, PAMM account, Fxpro MT4 Fixed Spread Account, FXPro SuperTrader Investment account.
The FxPro Super Trader Investment account and the FxPro MT4 Trading Spread account ensures that forex traders can easily gain access to the forex market without having to trade manually on the platform.
There is a demo account which is made for new traders who want to try out the FxPro trading platform. The demo account gives them a feel of what the real account looks like, but demo account users will not be able to withdraw whatever cash made on the platform unless they deposit some funds into the account.
The minimum deposit for account opening is $500 (five hundred dollars) for forex traders trading on the MT4 platform and a minimum account deposit of $1000 (USD) for traders who has cTrader accounts but account holders can still deposit a minimum of $100 at a time.
There is a PAMM account which is designed for expert forex traders to manage multiple accounts. This account should be considered by professional forex traders who can successfully manage their accounts along with the trading accounts of other forex traders.
Lastly, there is a VIP package which is made for serious forex investors and traders who are active in the forex market. People who trade in large volumes are taken as VIP clients.
The VIP package comes with so many privileges, plans and benefits which its holders stand to gain such as a free Fx Pro MasterCard, free VPS service, no deposit fees, and they stand to get news report and notifications through SMS or mail.
- Fx Pro has the demo account available for trading on MT4, MT5 and cTrader platforms.
- FxPro has a responsive customer care support.
- Fxpro offers third-party platforms such as the MT5 and MT4 trading platform.
- PAMM accounts provide traders with the opportunity of having a master account, which means that they can manage and open multiple trading accounts.
- FxPro clients are offered with tools for analysing the forex market.
- Thorugh FxPro Trading academy, FxPro has enabled beginners and new forex traders with little or no experience to have knowledge of the forex market.
- Clients can set their leverage from 1:1 to 1:500
- FxPro has an e-library which is an internet video library that educates clients and traders on how to improve their trading activities while trading on the world’s currency markets.
- Standard forex calculators such as Margin calculator, pip calculator and currency calculators are additional tools which are offered to its clients.
- They have different payment options and methods for depositing and withdrawing of account funds.
- Anybody can open any Fxpro trading account at his or her convenience because they have different trading accounts.
- Fxpro traders have the opportunity of viewing the trade transactions of other traders from their dashboard.
- MT4 traders enjoy a profitable trading experience because it offers 0.8 pips up to 1:500 leverage.
- ECN traders enjoy a leverage of up to 1:100.
- FxPro vault enables traders to save some funds for future trades.
- Forex traders can develop their own EA technology with the aid of the FxPro Quant.
- FxPro Quant enables traders to turn their tactics and strategies into trading algorithms that can run on cTrader and MT4 trading platforms.
Trust Score and Reliability
Forex fraud and scams are very common in the forex market and that is why you need this blog to give you quality reviews about the top dogs in the forex market. In this review, we will give FxPro Nigeria a trust score of 70/100 for their reliability and trustworthiness to its customers.
Payments for account deposit can be made through the use of Bank transfer, e-wallets (Skrill, PayPal, Neteller), Webmoney, Credit/debit card, FasaPay and MonetaRU (for countries that speak the Russian language) and mPay, CashU and Netbanx for Chinese clients.
Withdrawal on Fxpro trading account is made strictly on the customer’s request. In order to withdraw funds, traders must log into FxPro Direct for them to make a withdrawal request.
FxPro has 24/5 customer support. Clients and traders can contact FxPro customer service easily through the use of mail, phone call or visit their ‘contact us’ page. There are is no language barrier because FxPro platform has customer support that is available in about 20 different languages.
Merits and Pros
- FxPro doesn’t restrict Nigerian clients. It accepts clients from Nigeria.
- FxPro has a fast and speedy Meta Trader server.
- FxPro has so many trading opportunities for her clients
- The customer care service supports more than 20 different languages.
- It has clients in more than 150 countries in the world.
- FxPro is available in more than 20 countries.
- It has a fast account funding process.
- Traders get their funds quickly after making a withdrawal request.
- It educates her traders with through its video library.
- It provides good tools for forex market analysis to her clients.
- Fxpro has a demo account that is free for traders.
- Clients can maintain and run multiple accounts under the PAMM account.
- They support MT4 and MT5 trading platform.
Demerits and Cons
- Traders capitalize on market risks by setting their leverage from 1:1 to 1:500 to capitalize on risks.
- There is no special bonus, promotions or incentive for clients.
- It has a multi-step confirmation process.
FxPro is a trusted company, it has its headquarters in London, United Kingdom. Also, it has obtained its international license from the CySEC. We advise that you take cautions and keep a check on your activity on the trading platform so that you don’t invest all your money in it and risk losing your money.