- 1 FXPro Basics
- 2 Our Opinion About FXPro
- 3 Regulation And Safety
- 4 Regulation in Kenya
- 5 Fund Safety
- 6 FXPro Forex Awards
- 7 FXPro: Legit Or Scam?
- 8 FXPro Trading Assets
- 9 FXPro Trading Instruments
- 10 FXPro Account Types
- 11 MT4 Account
- 12 MT4 Instant Account
- 13 MT5 Account
- 14 cTrader Account
- 15 FXPro (EDGE)
- 16 FXPro Demo Accounts
- 17 FXPro Islamic Account
- 18 FXPro PAMM Account
- 19 Base Currencies
- 20 FXPro Leverage
- 21 FXPro Spreads
- 22 FXPro Commission
- 23 FXPro Registration: How To Open An Account
- 24 FXPro Registration: How To Verify An Account
- 25 FXPro Deposits
- 26 Deposit Methods
- 27 FXPro Minimum Deposit
- 28 Deposit Times – How Long Does It Take
- 29 FXPro Withdrawals
- 30 Withdrawal Methods
- 31 Withdrawal Times
- 32 Withdrawal Fees
- 33 Maximum Withdrawal
- 34 Trading Platforms
- 35 Trading Tools
- 36 FxPro VPS Services
- 37 Forex Education
- 38 FXPro Trading Hours
- 39 FxPro Customer Support
- 40 Our Verdict
- 41 FXPro Forex Broker Review FAQ
|🏛️ Based in||Limassol, Cyprus|
|⚖️ Regulation||CySEC, FCA, FSCA|
|💰 Minimum Deposit||$100 (40,000 Naira)|
|💳 Deposit Options||VISA, MasterCard, Bank Wire, AdvCash, Neteller, Skrill, GenialBanco, & more.|
|💳 Withdrawal Options||VISA, MasterCard, Bank Wire, AdvCash, Neteller, Skrill, GenialBanco, & more.|
|📌Open an account||Start Trading With FXPro|
Our Opinion About FXPro
FXPro is an online forex broker. They are a regulated forex company and well-known for providing an excellent online trading experience. They offer a secure trading experience and a high level of forex trading support. They are also very well-respected by people working in the industry and they have won more than 50 forex awards in recognition of their excellent trading services.
FXPro has great trading accounts. They give traders in Kenya access to all the top financial markets – including forex, stocks, and cryptocurrencies. FXPro also offers traders in Kenya the opportunity to trade with low minimum deposits, low spreads, and zero commissions. These are great trading conditions for both new and experienced forex traders.
When it comes to technology. FXPro has some of the best trading tools on the market. They give you access to all the top forex trading platforms – including the MT4 and MT5 trading platforms. They also have many other helpful trading tools, chart indicators, calendars, and calculators to help you plan your trades. This means that, if you trade with FXPro, then you should have everything you need to start trading forex and become a successful forex trader.
Regulation And Safety
FXPro is a regulated forex broker. They have secured licences from various reputable financial authorities. For example, FXPro UK Limited has been authorised and regulated by the FCA since 2010. The FxPro Financial Services Limited company has been authorised and regulated by CySEC since 2007, and by the FSCA since 2015. Also, FxPro Global Markets Limited has been authorised and regulated by the SCB for many years. This means that they operate under close supervision and abide by their international regulatory requirements.
Regulation in Kenya
Forex traders in Kenya can register under the FxPro Global Markets Ltd subsidiary, which is regulated by the SCB. As such, traders in Kenya can benefit from many important protections. For example, FXPro will ensure that your net equity never falls below 50 percent. They will also ensure that you benefit from negative balance protection.
As a licensed forex broker, FXPro has robust client fund safety measures in place. They operate based on a segregated account policy. This means that they separate client funds from their own company funds and keep them in separate bank accounts. This ensures that FxPro can’t use client funds for company purposes. In addition, FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Investor Compensation Fund (ICF). This means that, if FXPro ever goes bankrupt, then some traders will also benefit from additional client fund protection.
FXPro Forex Awards
FXPro has a great reputation and is a highly-regarded company in the forex industry. They won over 50 industry awards. They have won awards for best forex provider, awards for best forex broker, awards for the best forex trading tools, and awards for the best forex platforms. Its most recent awards include Best Broker 2021 UK (Ultimate Fintech Awards), Best Forex Provider 2021 (Online Personal Wealth Awards), and Best Trading Platform 2020 (Investors Chronicle & Financial Times).
FXPro: Legit Or Scam?
FXPro is a legit broker. They have been providing forex trading services for several years and are a well-known forex brand. They are also trusted by many traders worldwide and have a large, growing client base in Africa. They are licensed by some of the top regulatory authorities in the world and abide by all international regulatory guidelines. In addition, they offer great trading accounts, fair trading conditions, and reasonable trading costs. They also have convenient payment options and a good level of client fund protection. In our opinion, they are a reliable forex broker.
FXPro Trading Assets
FXPro offers trading on several financial markets. They offer a great choice of trading instruments, and there are plenty of products to choose from. You can trade 7 major asset classes including forex, shares, indices, futures, metals, energies, and cryptocurrencies.
FXPro Trading Instruments
- Forex: There are plenty of currency pairs to choose from. They offer 70+ forex trading instruments including major, minor, and exotic forex pairs.
- Shares: There are many shares to choose from too. They have over 1000+ CFD shares including major brands such as Meta, Twitter, Google, Tesla, and Apple.
- Futures: They offer trading on a large range of Future CFDs including commodities, indices and energies. The leverage on futures is up to 1.:50
- Indices: They provide spot trading on a wide range of indices including the S&P500, the Nasdaq100, the FTSE100, and the Dow Jones 30.
- Spot Metals: FXPro provides spot trading on many metals, including gold, silver, and platinum. They offer leverage up to 1:200 on gold and silver, and 1:50 on platinum.
- Spot Energies: FXPro offers spot trading on several different spot energies such as Brent and WTI. The maximum leverage is up to 1:100,
- Cryptocurrencies: FXPro provides trading on many different cryptocurrencies including Bitcoin, BitcoinCash, and BitcoinGold. The maximum leverage is up to 20:1.
FXPro Account Types
As you can see, FXPro has a great range of trading accounts. As part of our FXPro forex broker review, we checked to see what trading conditions are available. What’s great about all their trading accounts is that they all come with deep liquidity, fast trade execution, and no dealing desk intervention. They also have low cost trading with competitive spreads. Let’s take a look.
|Type||Spreads||Min. Deposit||Max. Leverage||Commission|
|MT4||From 1.7 pips||$100||1:200||$0|
|MT4 Instant||From 1.8 pips||$100||1:200||$0|
|MT5||From 1.6 pips||$100||1:200||$0|
|cTrader||From 0.3 pips||$200||1:200||$9 per lot|
|FXPro Edge||From 1.7 pips||$100||1:200||$0|
The MT4 Account is a great choice for new traders. It comes with great trading conditions including an average spread of 1.71 pips on EUR/USD and there are no commissions. It also comes with good leverage, and you can trade with up to 1:200, depending on which instrument you choose. The FXPro minimum deposit for this account is $100 and the base currency is USD. The account is only available on MetaTrader4.
MT4 Instant Account
The MT4 Instant Account has an average spread of 1.84 pips on EUR/USD and there are no commissions. It also has high leverage of up to 1:200, depending on which instrument you want to trade. It comes with instant trade execution, and you can trade in micro lots. The FXPro minimum deposit for the MT4 Instant Account is $100 and the base currency is USD. This trading account is only available on MetaTrader4.
The MT5 Account is another great choice for new traders. It comes with similar benefits including an average spread of 1.65 pips on EUR/USD and zero commission trading. It also comes with decent leverage, and you can trade with up to 1:200, depending on which instrument you pick. The FXPro minimum deposit for an MT5 account is $100 and the base currency is USD. The account is only available on MetaTrader5.
The cTrader Account comes with good pricing. It has an average spread of 0.31 pips on EUR/USD and a $9 per lot commission fee. It also comes with a great range of trading instruments. You can choose from forex, metals, indices, and energies. The leverage is fairly standard, you can access up to 1:200, depending on which trading instrument you choose. The FXPro minimum deposit for the cTrader account is $100 and the base currency is USD. The account is only available on cTrader.
The FXPro Edge Account comes with low pricing. It has an average spread of 1.71 pips on EUR/USD, as well as zero commission trading. There is a large choice of trading assets. You can choose from forex, metals, indices, and energies. The leverage is similar across all accounts. That means you can trade with up to 1:200 in leverage on the FXPro Edge account, depending on which trading instrument you choose. The FXPro minimum deposit for this account is $100 and the base currency is USD. The account is only available on FXPro’s proprietary Edge trading platform.
FXPro Demo Accounts
As a reliable broker, FXPro also offers a demo trading account for new traders. This is a really helpful tool to have. With a demo trading account you can work on your forex trading skills and start practising different forex trading strategies. You can also become more familiar with the financial markets and learn more about what forex trading actually involves. The account uses virtual credit, instead of real funds, and is risk-free..
FXPro Islamic Account
The FXPro online trading accounts also come with Islamic swap-free trading versions. If you’d prefer a swap-free version, you can choose this option when opening your online trading account. It’s worth keeping in mind though that additional commission fees may apply on swap-free versions.
FXPro PAMM Account
FXPro doesn’t offer a PAMM account trading service at the moment. This means that forex traders in Kenya are unable to access managed account services with this particular forex broker. However, FXPro does have a copy trading service. This means that forex traders in Kenya are still able to learn from other traders. You can study their trading strategies and even copy their trades in exchange for a small fee.
FxPro has USD, EUR, GBP, CHF, PLN, AUD, JPY, and ZAR as base currencies.
The maximum leverage available at FXPro is 1:200. However, FXPro operates based on a dynamic forex leverage model. This means your leverage varies for each trade depending on your trade volume. For example, as the volume per instrument increases, the maximum leverage starts to decrease.
FXPro is one of the best forex brokers in Kenya when it comes to spreads. The MT4, MT5, and FxPro Edge accounts all have trading costs included in the spread. The minimum spread is therefore 1.4 for the MT4 account, 1.52 for the MT5 account, 1.41 for the Edge account. And there are no commissions. However, the cTrader Account gives you access to slightly better spreads. However, this is in exchange for a small trading commission. The minimum spread is therefore 0.31 for the cTrader account.
FXPro is also one of the best forex brokers in Kenya when it comes to commission. The MT4, MT5, and FxPro Edge accounts have all of the trading costs included in the spread. This means you get zero commission trading on all of those accounts. However, the cTrader account offers lower spreads in exchange for a small commission fee. This means that on the cTrader account you pay a $9 commission per lot.
FXPro Registration: How To Open An Account
As part of our FXPro broker review, we had a look at their online registration process. If you live in Kenya, then you can open an FXPro online trading account. The account registration process is quite straightforward and you can open an account very easily. The first step is to go to their website and fill in the form. This is so that FXPro can ask for your personal details and start creating your account. You also need to give them an email address and password. These will be your account login details.
The next step is to complete a short forex trading quiz. This is so that FXPro can find out what you know about forex trading and decide if their are suitable for you. If you pass the quiz, then you can continue with your account application. The final step is to complete the KYC (Know Your Customer) process, submit your documents, and select your account type. This is so that FXPro can complete all of their regulatory checks and approve your trading account. After that, you can add funds, using your chosen FXPro payment method, and start trading.
FXPro Registration: How To Verify An Account
To open a live trading account, you need to go through the KYC process, also sometimes known as account verification process. The KYC process is a legal requirement and enables forex companies to confirm your identity. The process is quite easy. They will ask for a proof of ID and a proof of address. You can send them copies of your National ID card, Passport or Driving License. You can also send them copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
As part of our FXPro broker review, we checked which deposit methods FXPro accepts.. There are several different deposit options for FXPro, which is very convenient. They have zero deposit fees, which keeps costs down. They process transactions quite quickly, and this makes things easier when you’re opening an account.
There are a few different options when it comes to funding your FXPro account. Their deposit methods include debit card, credit card, and bank wire transfer. Their other deposit options are PayPal, Neteller, Skrill, depending on where you live.
FXPro Minimum Deposit
FXPro is a reliable broker with low minimum deposits. The FXPro minimum deposit is $100 or the equivalent amount in other currencies. It is the same for all of their trading accounts. This means you can choose any trading account you want – depending on which trading platforms, spreads, and commissions are most convenient for you.
Deposit Times – How Long Does It Take
FXPro is very quick when it comes to handling transactions. The average deposit time for deposits made via debit card and credit card is about 10 minutes. The standard time for PayPal, Neteller and Skrill is also 10 minutes. However, the FXPro deposit time for bank wire transfers may be slightly longer, depending on who you bank with.
As part of our FXPro withdrawal review, we checked what payment methods are available. FXPro has good withdrawal methods, no withdrawal fees, and fast processing times. They are a good choice for traders who want quick, hassle-free withdrawals.
FxPro offers several convenient withdrawal methods including debit card, credit card, and bank wire transfer. It also has a few other options for including PayPal, Neteller, Skrill, depending on where you live.
FXPro is pretty quick when it comes to handling withdrawals. It takes around 10 minutes for them to process withdrawals to debit cards and credit cards. It also takes around 10 minutes for withdrawals for PayPal, Neteller and Skrill. However, the withdrawal time for bank wire transfers may be longer, depending on your bank.
FXPro is very good when it comes to non-trading fees. They do not usually charge fees for withdrawals. However, there are some circumstances in which they do ask you for extra charges. For example, if you withdraw your money without trading, then they will usually charge you a small fee.. Another example, if you withdraw your money via bank transfer, then there will usually be a bank fee too..
The maximum FXPro withdrawal amount is $10,000.
FXPro has a great range of trading platforms. You can choose between MetaTrader4, MetaTrader5, cTrader and the FXPro trading platform.
MetaTrader4 (MT4) is a good option for new forex traders in Kenya. It has a simple design and is easy to use. It also comes with many trading tools. You can use the MT4 platform to access many markets including forex, crypto and stocks. It also has advanced charting tools, 4 order execution types, 30 technical indicators and 23 analytical objects. You can use it to carry out technical analysis and manage your trades.
MetaTrader5 (MT5) is also a nice option for new forex traders in Kenya. It has a simple setup and many built-in trading tools. As with MetaTrader4, you can use it to access all of your favourite markets. It also has a large range of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects. You can use it to look for price trends and implement your trading plans.
cTrader is a less well-known but equally powerful trading platform. cTrader comes with 6 order types, 55 technical indicators, an economic calendar, and market sentiment tools. As such, it is a great trading platform that you can easily use to analyse the markets and implement your trades. FXPro also offers their own proprietary trading platform. It has a customisable layout and the choice of two design themes. It comes with access to 6 order types, 50+ technical indicators, and many helpful charting tools. As it is their proprietary trading platform, FxPro also ensures easy access across all devices.
FXPro has plenty of free trading tools. With their trading dashboard, you get a currency movers chart, a price ticker chart, and a client position chart.. You can also get a position volume chart, a price volatility chart, and an economic calendar. These tools will help you to keep up with analyse price movements, track economic data releases, and better manage our trades. With the trading calculator pages, you can find a free ‘all-in-one’ calculator. This helps you plan trades based on the instrument, leverage, and position size.
FxPro VPS Services
FXPro provides aVPS service. This is particularly helpful for more experienced forex traders. Their FxPro Virtual Private Server (Forex VPS) lets you upload and run your MT4 Expert Advisors and cAlgo Robots 24/7. This means you can benefit from more uptime and better overall connectivity. The FXPro VPS service is provided in partnership with BeeksFX. This means you can benefit from a good service and better overall trading experience. The FXPro VPS service is only available to some traders.
As part of our FXPro review, we checked what educational resources they have to offer. They have some nice free online courses. The courses cover basic topics and trading terminology. They are a helpful resource for new traders who need to improve their online trading skills. FXPro also has video tutorials that teach you how to use their trading accounts. For example, how to register for an account, how to verify your profile, how to set up your trading platforms, and how to deposit funds.
FXPro Trading Hours
FXPro operates during standard market hours. You can open trades whenever the forex market is open. Trading hours may change slightly on public holidays.
FxPro Customer Support
FXPro has a great customer support team and excellent customer service. They have friendly, responsive staff who will help you with any questions you have about your account. They speak multiple languages and are available 24/5, Monday to Friday. You can reach them via email, phone and live chat.
FXPro is a legit forex broker with an excellent reputation. In our opinion, they are one the top forex brokers in Kenya. This is because they give you access to good trading accounts, transparent pricing, and low trading costs. They also give you access to a large number of trading instruments, as well as some of the top online trading platforms. As such, they have some of the best trading conditions in the forex industry.
As a regulated company, they also offer safe payment options, good client fund protection, and a secure online trading environment. They also place a high value on forex education and trading support. They provide access to many great learning resources and trading tools. As such, they are a great option for forex traders in Kenya.
FXPro Forex Broker Review FAQ
Yes, FXPro in Kenya is a good broker. They have a good range of account types, all of which come with a low starting deposit of just $100. FXPro has 1000+ online trading instruments including forex, stocks, indices, and commodities. They also have excellent online trading conditions and powerful trading platforms..
Yes, FXPro is a regulated online forex broker. They have licences from several reputable financial authorities. For example, FxPro UK Limited has been licensed by the FCA since 2010. The FxPro Financial Services Limited company has been licensed by the CySEC since 2007 and by the FSCA since 2015. FxPro Global Markets Limited has also been licensed by the SCB for several years.
Yes, FXPro is a safe and trustworthy forex broker. When it comes to client fund safety, offer more than the basic regulatory requirements, and implement strict client fund protection measures. For example, FXPro keeps its clients’ money in segregated accounts, separate from its own company money. This means that they do not use client funds for their own operational purposes, and you will always be able to withdraw it. In our opinion, FXPro is a safe company to trade with.
FXPro is one of the top brokers in the forex industry. They have great trading accounts and low minimum deposits. They also have a great choice of trading instruments, trading platforms, and trading tools. This means it is easy for you to test different strategies, trade across multiple markets, and keep your trading costs low. However, if you want to look at alternative options, there are plenty of other great forex brokers as well. We recommend looking at HotForex, Exinity, Pepperstone, and Instaforex.
Yes, FXPro is a good forex broker for beginners. They have lots of different account options, all of which come with low trading costs and low minimum deposits. They also have a large selection of trading tools and educational resources, all of which are available for free when you open an online trading account.
Ready to start trading? Open a trading account with FXPro?