Forex Review: FX Pro

  • September 2016
  • Posted By Ninoslav
  • 0 Comments

Overview

FX Pro is another mid-2000s online forex broker, first established by Denis Sukhotim and a team of seasoned financial experts. The result of their collaboration was naturally FX Pro, a forex brokerage site that now provides a ‘reliable avenue’ for traders to work their trades.

Like many forex brokers, FX Pro serves clients all around the world, which currently accounts for over 120 countries. To better accommodate their worldwide clients, FX Pro also offers plenty of robust financial instruments including contracts for differences, various commodities, futures and indices.

The thing that makes FX Pro different from comparable forex brokers is the fact that FX Pro acts as an intermediary between traders and a financial institution. This makes FX Pro a ENC/STP broker who handles trades through the cTrader platform. They do, however, use MetaTrader 4 to deal with other trades, as well.

Advantages and Features

Advantages

FX Pro, according to many traders, is a well rounded forex trading broker, with much of the ‘features’ that make a ‘good’ forex broker. Many of these advantages include:

  • A wide variety of trading platforms.
  • High leverage and lower spreads than comparable brokers.
  • ‘Hassle free’ profit withdrawals.
  • Reliability as a regulated broker.
  • Fast transactions.

Besides the aforementioned advantages, FX Pro also has well-reviewed customer service, making them well liked among many traders who choose to use their service.

Features

FX Pro, like comparable forex brokers, offers several trading platforms for a wide variety of forex traders. While all of these platforms are web-based, a few do convert well to other formats like mobile devices and client software.

Their currently used platforms include MetaTrader 4 and its Multi-Terminal Platform, cTrader, web-based versions for the aforementioned trading platforms and mobile versions for people using their mobile devices.

FX Pro also offers several accounts for forex traders. Naturally, they have accounts for cTrader users and MetaTrader 4 users. They also have a separate Corporate Trading account for, you guessed it, corporate trading. Before opening an account with FX Pro, users have to register their FX Pro Direct profile.

Of course, FX Pro also has demo accounts for people that don’t want to make the required minimum deposit of $500 USD right away.

To further reinforce their reliability as a forex broker, FX Pro only deals with financial institutions with high ratings from many international rating firms. This ensures that all of their users’ funds maintain the lowest possible credit risks in the current market.

Verdict?

Much like other comparable forex brokers, FX Pro is a robust forex broker with all of the ‘fixings’ for a good online forex broker. Choosing a good forex broker may be a matter of preference, though reliable brokers like FX Pro will always provide the service that users need.

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