FxPro Review
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
USD 50 / 5000 NGN
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
300+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FxPro Review – 34 key points quick overview:
Summary
👉 Overall, FxPro is considered low-risk, with an overall Trust Score of 90 out of 100. FxPro is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). FxPro offers four retail trading accounts: Standard Account, Pro Account, Raw+ Account, and ECN Account.
Analysis of FxPro’s Main Features
| 💻 Order Execution | 4/5 |
| 💰 Commissions and Fees | 4/5 |
| 📉 Range of Markets | 4/5 |
| 💸 Variety of Markets | 4/5 |
| 📊 Withdrawal Speed | 4/5 |
| 📞 Customer Support | 5/5 |
| 📱 Trading Platform | 4/5 |
| 📚 Education | 4/5 |
| 📈 Research | 4/5 |
| ⚖️ Regulation | 5/5 |
| 📱 Mobile Trading | 4/5 |
| ✔️ Trust Score | 90% |
Top 3 FxPro User Reviews
➡️ Stacey Hall (February 2023) “As a client of FxPro for a month, I have used the ‘cTrader’ platform without anomalies. The spreads are highly competitive, with interbank rates, and the execution is commendable. The slippage has been bidirectional. The platform boasts professional-class features and excellent order and position management tools. I have not made any withdrawals to date, and therefore, I cannot evaluate that aspect of their services.”
➡️ Paige Thompson (February 2023) “I have recently developed an interest in algo trading and believe this type of trading has the significant potential over manual trading. FxPro, as a broker, has proven to be the best in applying trading bots, owing to its provision of reliable VPS services for a reasonable monthly subscription fee.”
➡️ Jude Floyd (January 2022) “It has come to my attention that few FxPro clients have written about the efficiency of the broker’s support services. This can be attributed to the broker’s exceptionally efficient services and clients rarely requiring assistance. I recently contacted the support team with a question and was assisted promptly.”
FxPro at Glance:
| 🏛️ Headquartered | London, England |
| 🏙 Global Offices | United Kingdom, Cyprus, South Africa, the Bahamas, Mauritius |
| 👍 Local Market Regulator in Nigeria | 37.1 billion USD (as of December 2022) |
| 💰 Foreign Direct Investment in Nigeria | 39.16 billion USD (as of June 30) |
| 💵 Foreign Exchange Reserves in Nigeria | 41.96 million USD (March 31) |
| 🏢 Local office in Lagos | No |
| 🗣 Governor of SEC in Nigeria | Olufemi Lijadu (Chairperson) |
| ✔️ Accepts Nigerian Traders? | Yes |
| 🗓 Year Founded | 1989 |
| 📞 Nigerian Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook • YouTube • Telegram |
| ⚖️ Regulation | FCA, CySEC, SCB, FSCA, FSC |
| 1️⃣ Tier-1 Licenses | Financial Conduct Authority (FCA) |
| 2️⃣ Tier-2 Licenses | • Cyprus Securities and Exchange Commission (CySEC) • Financial Sector Conduct Authority (FSCA) |
| 3️⃣ Tier-3 Licenses | • The Securities Commission of the Bahamas (SCB) • The Financial Services Commission (FSC) |
| 🪪 License Number | • United Kingdom – 509956 • Cyprus – 078/07 • Bahamas – SIA-F184 • South Africa – FSP 45052 • Mauritius – GB21026568 |
| ⚖️ CBN Regulation | No |
| 💵 Regional Restrictions | The United States, Canada, Iran |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 4 |
| 💻 PAMM Accounts | Only MAM |
| 💧 Liquidity Providers | Unknown |
| ✔️ Affiliate Program | Yes |
| 📈 Order Execution | Market Execution |
| 📊 Starting spread | No |
| 💰 Minimum Commission per Trade | 0.01 lots |
| 💵 Decimal Pricing | 5th decimal after the comma |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 📊 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers an NGN Account? | No |
| 🤝 Dedicated Nigerian Account Manager? | No |
| 📈 Maximum Leverage | 1:30 |
| 📊 Leverage Restrictions for Nigeria? | No |
| 💵 Minimum Deposit (NGN) | 0 NGN / 0 USD |
| ✔️ Nigerian Naira Deposits Allowed? | No |
| 💰 Active Nigerian Trader Stats | 200,000+ |
| 👤 Active Nigerian-based FxPro customers | Unknown |
| 🔄 Nigeria Daily Forex Turnover | 2.13 billion USD (March 31) |
| 💰 Deposit and Withdrawal Options | • Bank Transfers • Credit/Debit Cards • Neteller • PayPal • Skrill • UnionPay |
| 👤 Minimum Withdrawal Time | 1 – 7 business days |
| ⏰ Maximum Estimated Withdrawal Time | 7 business days |
| 💵 Instant Deposits and Instant Withdrawals? | No |
| ✔️ Segregated Accounts with Nigerian Banks? | No |
| 💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader • FxPro App |
| 📊 Tradable Assets | • Forex • Futures • Indices • Shares • Metals • Energies • Cryptocurrency CFDs |
| 💰 Offers USD/NGN currency pair? | No |
| 💵 USD/NGN Average Spread | No |
| ✔️ Offers Nigerian Stocks and CFDs | No |
| 🗣 Languages supported on the Website | English, Spanish, French, German, Italian, Polish, Czech, Hungarian, Swedish, Bulgarian, Finnish, Lithuanian, Danish, Croatian, Estonian, Norwegian, Romanian, Russian, Dutch, Portuguese, Indonesian, Malay, Vietnamese, Thai, Arabic, Korean, Chinese (Simplified), Chinese (Traditional), Mongolian, Japanese |
| ✅ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes, Next Generation |
| 🗣 Customer Service Hours | 24/5 |
| 📞 Nigerian-based customer support? | No |
| 💵 Bonuses and Promotions for Nigerians | No |
| 📚 Education for Nigerian beginners | Yes |
| 💻 Proprietary trading software | Yes, App |
| 👤 Most Successful Nigerian Trader | Uche Paragon ($16 million+ Net Worth) |
| 💵 Is FxPro a safe broker for Nigerians? | Yes |
| ✅ Rating for FxPro Nigeria | 8/10 |
| ✔️ Trust score for FxPro Nigeria | 90% |
| 👉 Open Account | Open Account |
Advantages that FxPro has over competitors
➡️ FxPro provides multiple trading platforms, including MT4, MT5, and cTrader.
➡️ Negative balance protection is available, ensuring traders cannot lose more than their account balance.
➡️ FxPro offers various trading instruments such as Forex, commodities, futures, CFDs on stocks, ETFs, and indices.
➡️ Educational resources such as webinars, seminars, and online trading academies are available.
➡️ FxPro provides various account types catering to different trading styles and needs.
➡️ Competitive spreads and commissions are offered.
➡️ FxPro provides payment options, including credit/debit cards, bank transfers, and e-wallets.
➡️ Excellent multilingual customer support is available 24/5.
➡️ FxPro has won numerous industry awards for its trading services.
➡️ Reputable bodies, such as FCA, FSCA, and CySEC, regulate FxPro.
➡️ FxPro offers traders multiple platforms, such as MT4, MT5, and cTrader.
➡️ Traders using FxPro have negative balance protection, a feature unavailable to other brokers.
➡️ FxPro offers traders access to an extensive range of trading instruments, including Forex, commodities, futures, CFDs on stocks, ETFs, and indices.
➡️ Educational resources such as webinars, seminars, and online trading academies are available with FxPro.
➡️ FxPro caters to different trading styles and needs with various account types available.
➡️ FxPro offers competitive spreads and commissions, which may be more attractive to traders than higher fees charged by other brokers.
➡️ Payment options, including credit/debit cards, bank transfers, and e-wallets, give traders more flexibility when depositing and withdrawing funds.
➡️ FxPro’s customer support is multilingual and available 24/5.
➡️ FxPro has won numerous industry awards for its trading services, indicating its high-quality trading solutions.
➡️ FxPro is regulated by reputable bodies such as FCA and CySEC, providing traders with confidence in their trading experience
Who will Benefit from Trading with FxPro?
👉 FxPro is a supportive community for traders of all skill levels, offering a wide range of accounts and platforms that facilitate easy comparison of asset prices and fees.
👉 Even with its advanced charting tools, the cTrader platform’s intuitive layout makes parameterizing charts and placing trades a breeze on desktop and mobile devices.
👉 In addition, FxPro’s onboarding process is simple, no matter your location or payment preferences. However, certain features that advanced users may appreciate are missing, such as a guaranteed stop-loss trade type and extensive educational resources.
👉 Additionally, selecting the optimal platform (MT4, MT5, cTrader) and account type can be challenging.
👉 However, once new traders familiarize themselves with the simple spread-betting platform FxPro Edge, the automated market news reporting, and the ability to view other clients’ positions, they can enjoy these benefits even as beginners.
Trading with FxPro Pros and Cons
Pros
➡️ FxPro offers a diverse portfolio of tradable instruments.
➡️ Nigerian traders can choose from tailored accounts to ensure that their needs and objectives are met.
➡️ There are competitive variable spreads charged.
➡️ Third-party tools are available.
➡️ The order execution is fast and dependable.
➡️ Deposits and withdrawals are fast and reliable.
Cons
➡️ Nigerian traders have limited protections as the CBN does not regulate FxPro.
➡️ Nigerians do not get a no-deposit bonus when they sign up.
➡️ Some account types have much larger minimum deposit requirements.
➡️ There are limited options for deposits and withdrawals.
➡️ There is no NGN-denominated account offered.
FxPro Geographic Reach and Limitations
👉 Most of FxPro’s market share is concentrated in these areas:
➡️ Vietnam – 8.75%
➡️ United Kingdom – 8.68%
➡️ Brazil – 8.66%
➡️ Pakistan – 6.81%
➡️ Malaysia – 6.75%
➡️ Germany – 6.73%
➡️ Thailand – 5.78%
➡️ Kenya – 5.74%
➡️ Italy – 5.70%
➡️ South Africa – 5.54%s
FxPro Current Expansion Focus
👉 FxPro is focused on providing trading solutions to traders in the United Kingdom, Africa, and Europe.
Countries not accepted by FxPro
👉 FxPro does not provide trading services in the following areas:
➡️ The United States
➡️ Canada
➡️ Iran
Popularity among Nigerian traders who choose FxPro
👉 FxPro is one of the Top 200 forex and CFD brokers for beginners and professional traders.
FxPro Regulation and Safety of Funds
FxPro Regulations in Nigeria
👉 The Central Bank of Nigeria does not currently regulate FxPro. However, FxPro is well-regulated by several reputable market regulators in other countries, as per the table in the following section.
FxPro Global Regulations
| 💵 Registered Entity | 💸 Country of Registration | 💰 Registration Number | ⚖️ Regulatory Entity | 📈 Tier | 📉 License Number/Ref |
| FxPro UK Limited | United Kingdom | 06925128 | FCA | 1 | 509956 |
| FxPro Financial Services Limited | Cyprus | HE 181344 | CySEC | 2 | 078/07 |
| FxPro Global Markets Limited | The Bahamas | – | SCB | 3 | SIA-F184 |
| FxPro Financial Services Limited | South Africa | HE181344 | FSCA | 2 | FSP 45052 |
| Prime Ash Capital Limited T/A FxPro | Mauritius | – | FSC | 3 | GB21026568 |
How FxPro Protects Nigerian Traders and Client Funds
| 📱 Security Measure | ℹ️ Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes, ICF – this does not cover Nigerians |
| Compensation Amount | 20,000 EUR |
| SSL Certificate | Yes |
| 2FA (Where Applicable) | Yes |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Security while Trading
👉 FxPro takes the following precautions to ensure that traders can remain safe while they trade with the broker online:
➡️ FxPro requires that all passwords be of a specific complexity and length.
➡️ 2-Step Verification is used.
➡️ There are automated email confirmations when traders make changes to their passwords.
➡️ There is the highest level of data encryption on all applications and websites.
➡️ FxPro has a resolute team of professionals who constantly monitor security and are prepared to respond to incidents or suspicious activity with online payments.
➡️ There is a dedicated Data Protection Officer who monitors GDPR compliance.
➡️ FxPro is audited regularly by external parties.
Pros and Cons Regulation and Safety of Funds
| ✔️ PROS | ❌ CONS |
| FxPro is well-regulated in several areas, including the UK, via the Tier-1 FCA | FxPro is not regulated in Nigeria |
| FxPro employs strict security protocols to ensure the safety of traders | Nigerians might be restricted from certain protections, such as compensation |
| FxPro is a member of a compensation fund that provides investor protection in case of bankruptcy | |
| FxPro has a dedicated team that monitors all activity to ensure fast response to incidents |
FxPro Awards and Recognition
👉 FxPro has received the following rewards and recognition:
➡️ Best Broker in the United Kingdom 2021: Ultimate Fintech Awards.
➡️ Best Forex Provider 2021: Online Personal Wealth Awards.
➡️ Best Trading Platform 2020.
➡️ Best Broker 2014-2020: Financial Times and Investors Chronicles Awards.
➡️ Best Forex Trading Experience 2018: UK Forex Awards.
FxPro Account Types and Features
👉 A benefit of trading with FxPro is the variety of available trading platforms and account types. FxPro offers a variety of premium trading platforms, such as cTrader, Metatrader 4, Metatrader 5, and proprietary solutions.
👉 FxPro provides a variety of trading conditions to allow for a more individualized trading experience.
👉 FxPro provides more than 2100 CFD assets in six categories, quality execution, advanced online trading tools, and trading systems. These features make FxPro a suitable option for traders with diverse requirements.
| 💻 Live Account | 💰 Minimum Dep. | 📊 Average Spread | 💵 Commissions | 💸 Average Trading Cost |
| Standard | 46,000 NGN ($100) | 1.2 pips | Only the Spread | 12 USD |
| Pro | 460,000 NGN ($1,000) | 0.6 pips | Only the Spread | 6 USD |
| Raw+ | 460,000 NGN ($1,000) | 0.0 pips | $3.5 per side | 7 USD |
| ECN | 13.8 million NGN (in 2 months) | 0.0 pips | $3.5 per side | 7 USD |
FxPro Live Trading Account Details
Standard Account
👉 The Standard Account is perfect for avoiding commissions and trade using only the bid and ask prices. There are no fees other than the spread for trading currencies, metals, indices, energies, futures, cryptocurrencies, and stocks.
| 💵 Minimum Deposit | 46,000 NGN ($100) |
| 💸 Forex Spread | From 1.2 pips on EUR/USD, GBP/USD, USD/JPY |
| 💻 Gold Spread | From 25 cents, with an average of 30 cents |
| 💰 Crypto Spread | From 30 USD, with an average of 40 USD |
| 💵 Commission Fees | None, only the spread is charged |
| 💸 Maximum Leverage | 1:500 |
| 📈 Minimum Trade Size | 0.01 lots |
| 📉 Maximum Trade Size | Unlimited |
Pro Account
👉 You should sign up for a Pro Account if you are an investor who prefers to make trades using only the bid and ask prices without paying any additional commissions. Like FxPro MT4, MT4 Instant allows you to trade in the same markets and with the same assets.
| 💵 Minimum Deposit | 460,000 NGN ($1,000) |
| 💸 Forex Spread | From 0.6 pips on EUR/USD, GBP/USD, USD/JPY |
| 💻 Gold Spread | From 20 cents, with an average of 25 cents |
| 💰 Crypto Spread | From 15 USD, with an average of 20 USD |
| 💵 Commission Fees | None, only the spread is charged |
| 💸 Maximum Leverage | 1:500 |
| 📈 Minimum Trade Size | 0.01 lots |
| 📉 Maximum Trade Size | Unlimited |
Raw+ Account
👉 To profit from rapid changes in the financial markets, traders who want the tightest spread possible should open a Raw+ Account. This account offers zero-pip spreads and a $3.5 commission per side on Forex trades to traders.
| 💵 Minimum Deposit | 460,000 NGN ($1,000) |
| 💸 Forex Spread | From 0.0 pips on EUR/USD, GBP/USD, USD/JPY |
| 💻 Gold Spread | From 10 cents, with an average of 15 cents |
| 💰 Crypto Spread | From 15 USD, with an average of 20 USD |
| 💵 Commission Fees | From $3.5 per side |
| 💸 Maximum Leverage | 1:500 |
| 📈 Minimum Trade Size | 0.01 lots |
| 📉 Maximum Trade Size | Unlimited |
ECN Account
👉 For fast-paced strategies like scalping and day trading, the ECN Account is popular among more experienced traders looking for the lowest spreads.
| 💵 Minimum Deposit | 13.8 million NGN (in 2 months) |
| 💸 Forex Spread | From 0.0 pips on EUR/USD, GBP/USD, USD/JPY |
| 💻 Gold Spread | From 10 cents, with an average of 15 cents |
| 💰 Crypto Spread | From 15 USD, with an average of 20 USD |
| 💵 Commission Fees | From $3.5 per side |
| 💸 Maximum Leverage | 1:500 |
| 📈 Minimum Trade Size | 0.01 lots |
| 📉 Maximum Trade Size | Unlimited |
FxPro Demo Account
👉 Nigerians interested in trading can open a FxPro demo account for free on any platform that supports them. A demo account with FxPro can be used with any of their trading platforms and comes loaded with $500,000 in virtual currency.
👉 In addition, a demo account allows you to try various trading strategies and familiarize yourself with the market without investing any money.
FxPro Islamic Account
👉 For Muslim traders in Nigeria who cannot pay or receives swaps, FxPro provides accounts without swaps. Once a certain number of days have passed, and a particular instrument has been traded, however, fees may apply.
FxPro Professional Account
👉 FxPro does not currently offer a dedicated account for Professional Traders in Nigeria.
FxPro Spread Betting Account
👉 Because Spread Betting is not allowed in Nigeria, the following is purely for informational purposes.
👉 FxPro offers Spread Betting to all UK-based clients of FxPro UK Limited through its proprietary Spread Betting Platform, FxPro Edge. FxPro Edge is a fully customizable trading platform that enables clients to trade tax-free* across hundreds of instruments and six asset classes.
👉 You can customize the widget-based user interface of FxPro Edge to meet your trading needs. Additionally, you can trade directly from the chart, the ticker, or by creating your own quick trade setups. In addition, you will find over 50 technical indicators, price alerts, and much more.
FxPro Base Account Currencies
👉 When Nigerian traders register an account with FxPro, they can choose USD, EUR, GBP, CHF, PLN, AUD, JPY, and ZAR as the base currency.
👉 However, this means Nigerians will be subject to currency conversion fees if they deposit or withdraw in any currency other than the trading account’s base currency.
FxPro Basic Order Types
👉 FxPro’s basic order types are as follows:
➡️ Market Orders
➡️ Pending Orders
➡️ Take Profit
➡️ Stop-Loss Orders
Market Orders
👉 A Market Order is a request to buy or sell a Contract for Difference (CFD) at the prevailing market price as promptly as possible, opening a trade position. CFDs are purchased at the ASK price and sold at the BID price.
👉 Furthermore, with FxPro, Market Orders are available for all accounts. In addition, Stop Loss and Take Profit Orders can accompany Market Orders.
Pending Orders
👉 Pending Orders are requests to buy or sell a CFD at a pre-defined price in the future once a certain price is reached. FxPro offers four Pending Orders: Buy Limit, Buy Stop, Sell Limit, and Sell Stop.
👉 These orders are executed when the price reaches the specified level. However, executing at the requested price may be impossible under certain trading conditions. FxPro has the right to execute the order at the first available price in such cases.
👉 Stop Loss and Take Profit Orders can be attached to a Pending Order and are valid until cancelled. In addition, Pending Orders are available for all accounts with FxPro.
Take Profit
👉 Take Profit Orders are intended to secure profit when the price of a CFD reaches a specific level. The execution of this order results in the complete closure of the entire position and is always connected to an open, market, or pending order.
👉 In addition, the FxPro platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Take Profit Order have been met.
Stop-Loss Orders
👉 Stop-Loss Orders are used to minimize losses if the price of a CFD begins to move in an unprofitable direction. If the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed.
👉 Stop-Loss Orders are always connected to an open, market, or pending order. The FxPro platform checks long positions with the BID price and short positions with the ASK price to determine if the provisions of the Stop-Loss Order have been met.
FxPro – Slippage and Requote Policy
Slippage
👉 Slippage is an integral part of trading and is prevalent in the forex market. It takes place during periods of high volatility or low liquidity, as well as during major news announcements or the release of significant economic data.
👉 FxPro takes every precaution to protect traders from market volatility. Clients benefit from a highly sophisticated trade management system that mitigates the risk of negative slippage and ensures execution at the best price.
Requotes
👉 FxPro MT5 and FxPro cTrader platforms use Market Execution, so requotes are non-existent. Nonetheless, during extreme market volatility, you may experience requotes on FxPro MT4 Instant accounts.
👉 Furthermore, checking the ‘Standard Deviation’ box at the bottom of the ‘Order’ window will prevent requotes by allowing you to set the available pip range if the market price deviates from the price you clicked.
Pros and Cons FxPro Account Types and Features
| ✔️ PROS | ❌ CONS |
| FxPro offers a choice between account types, allowing Nigerians to choose an option that suits their trading needs and objectives | Nigerians cannot register an NGN-denominated trading account |
| Traders can expect competitive conditions across account types | The spreads on the Pro and Standard Accounts are marked up |
| There are commission-free options offered on the Standard and Pro Accounts | There is a high minimum deposit on most trading accounts |
| Traders can use leverage up to 1:500 | |
| There is no maximum trade size with FxPro |
Overall Rating
- 4.7/5
Min Deposit
USD 50 / 5000 NGN
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
300+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
How to open an Account with FxPro
👉 To register an account with FxPro, Nigerian traders can follow these easy steps:
➡️ FxPro requires clients to provide their email address, name, phone number, country of residence, and date of birth via an intake form.
➡️ An email containing a confirmation PIN will be sent to the client.
➡️ Prospective traders must then answer questions about their financial acumen and trading experience.
➡️ Traders will select their preferred trading platform (MT4, MT5, FxPro Edge, or cTrader), leverage default, base currency, and communication language.
➡️ Individuals must submit a copy of their National ID or Passport with the signature page and a copy of a recent utility bill or bank statement with their name and address that is no older than three months.
➡️ FxPro will use the provided information to determine the suitability of prospective traders by conducting additional inquiries.
How to close My Account with FxPro
👉 To close a live trading account with FxPro, Nigerian traders can follow these steps:
➡️ Log in to your FxPro account on their website.
➡️ Click on the ‘Support’ tab at the top of the page.
➡️ Select ‘Contact Us’ from the drop-down menu.
➡️ Choose the most convenient method of contacting the FxPro support team. For example, you can use the live chat feature, email, or fill out the contact form.
➡️ Provide your account details, including your account number and other relevant information. Explain that you wish to close your account and request assistance.
➡️ The FxPro support team will then guide you through closing your account. They may ask you to provide additional information or documentation to verify your identity before proceeding.
➡️ Once your account has been successfully closed, you should receive confirmation from the FxPro support team.
➡️ It is important to note that FxPro may require you to liquidate any open positions or settle any outstanding balances before closing your account. Therefore, ensuring your account is in good standing before initiating the account closure process is best.
FxPro MAM / PAMM Features
👉 FxPro Multi Account Manager (MAM) is a professional trading tool that enables money managers to execute orders for multiple clients.
👉 The MAM account is intended for managers of multiple accounts. This feature enables the portfolio manager to trade and manage multiple accounts from a single master account.
👉 The FxPro MAM account provides a variety of features that facilitate the management of multiple accounts. It enables money managers, for instance, to place orders across multiple accounts and to configure various allocation methods and lot sizes.
👉 In addition, the FxPro MAM allocation methods include percentage allocation, lot allocation, and equity allocation.
👉 Money managers can generate reports on trades, account balances, and performance using the FxPro MAM account’s comprehensive reporting system. The reporting system also provides an overview of client activity, which can be a valuable tool for risk management.
👉 The ability to tailor trading conditions to each client is one of the advantages of the FxPro MAM account.
👉 The customization feature is useful for portfolio managers who have clients with diverse risk tolerances and investment objectives. Additionally, money managers can establish unique commission structures for each client.
👉 Money managers must create a master account with FxPro to use the MAM account feature. Then, the money manager can add individual accounts to the master account and configure the allocation method, lot size, and other trading conditions.
👉 The money manager can then trade on behalf of multiple accounts using the master account.
👉 The FxPro MAM account is an effective tool that simplifies the management of multiple accounts. In addition, the adaptable trading conditions and reporting system make it an attractive choice for money managers who wish to manage multiple accounts efficiently.
Social Trading with FxPro
👉 FxPro does not currently offer Social Trading for Nigerian traders.
FxPro Vs Axi Vs FOREX.com – Broker Comparison
| FxPro | Axi | FOREX.com | |
| ⚖️ Regulation | FCA, CySEC, SCB, FSCA, FSC | ASIC, SVG FSA, FCA, FMA, DFSA | NFA, CFTC, FCA, ASIC, FSA, IIROC, CIMA, SFC, MAS |
| 💻 Trading Platform | • MetaTrader 4 • MetaTrader 5 • cTrader • FxPro App | • MetaTrader 4 | • MetaTrader 4 • MetaTrader 5 • FOREX.com Platform |
| 💰 Withdrawal Fee | No | Yes | No |
| 📱 Demo Account | Yes | Yes | Yes |
| 💵 Min Deposit | 46,000 NGN ($100) | 0 NGN ($0) | 46,000 NGN ($100) |
| 📊 Leverage | 1:500 | 1:500 | 1:400 |
| 📈 Spread | From 0.0 pips EUR/USD | 0.0 pips | From 0.2 EUR/USD |
| 💸 Commissions | $3.5 per side | $3.5 per side | $10 per round turn |
| 📞 Margin Call/Stop-Out | 100%/50% | 90%/50% | 100%/50% |
| ➡️ Order Execution | Market | Market | Market |
| ✔️ No-Deposit Bonus | No | No | No |
| ✅ Cent Accounts | No | No | No |
| 💻 Account Types | • Standard Account • Pro Account • Raw+ Account • ECN Account | • Standard Account • Pro Account • Elite Account | • Standard Account • Commission Account • DMA Account |
| ⚖️ CBN Regulation | No | No | No |
| ✔️ NGN Deposits | No | No | No |
| ✅ NGN Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 🛍 Retail Investor Accounts | 4 | 3 | 3 |
| ☪️ Islamic Account | Yes | Yes | Yes |
FxPro Trading Platforms
👉 FxPro offers Nigerian traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ cTrader
➡️ FxPro App
MetaTrader 4
👉 MetaTrader 4 (MT4) is a widely adopted trading platform that has been in use by traders for more than a decade.
👉 FxPro offers a version of MT4 with advanced trading tools and features, including multiple charting options, customizable indicators, and algorithmic trading capabilities.
👉 In addition, the platform has a user-friendly interface, making it simple for traders to navigate and execute trades.
MetaTrader 5
👉 MetaTrader 5 (MT5) is the latest version of the MetaTrader platform and is accessible to FxPro clients. It is a multi-asset platform that permits traders to trade Forex, stocks, futures, and other financial instruments.
👉 MT5 offers advanced tools such as technical analysis indicators and automated trading options. Additionally, the platform supports hedging and netting, which allows traders to manage their positions according to their strategies.
cTrader
👉 cTrader is a trading platform designed specifically for Forex and CFD trading. It has a modern, intuitive interface that enables traders to execute trades swiftly and efficiently. cTrader offers advanced charting tools, trading signals, and algorithmic trading options.
👉 Additionally, the platform supports manual trading and allows traders to utilize custom indicators and strategies.
FxPro App
👉 The FxPro App is a mobile trading platform that permits traders to access their FxPro accounts while on the move. The FxPro app is compatible with iOS and Android devices. Additionally, the app offers various features, including real-time quotes, charting tools, and one-click trading.
👉 In addition, the FxPro App also supports push notifications, keeping traders informed of market events and price movements. Furthermore, the app has a user-friendly interface, making it simple for traders to navigate and manage their accounts.
Pros and Cons FxPro Trading Platforms
| ✔️ PROS | ❌ CONS |
| FxPro offers cTrader and MetaTrader, which are popular among Nigerian traders | There is no desktop version of the FxPro App |
| There is an innovative FxPro App for Nigerian mobile traders |
FxPro Investment Programs
👉 FxPro does not offer a separate investment program for Nigerians.
Which Markets can You Trade with FxPro?
👉 Nigerian traders can expect the following range of markets from FxPro:
➡️ Forex
➡️ Futures
➡️ Indices
➡️ Shares
➡️ Metals
➡️ Energies
➡️ Cryptocurrency CFDs
Financial Instruments and Leverage offered by FxPro
| 🔧 Instrument | 1️⃣ Number of Assets Offered | 📈 Max Leverage Offered |
| Forex | 70 | 1:500 |
| Futures | 21 | 1:50 – 1:100 |
| Indices | 19 | 1:50 – 1:100 |
| Shares | 2,000+ | 1:25 |
| Metals | 8 | 1:50 – 1:200 |
| Energies | 3 | 1:200 |
| Cryptocurrency CFDs | 30 | 1:20 |
Broker Comparison for Range of Markets
| FxPro | Axi | FOREX.com | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | No | No |
Overall Rating
- 4.7/5
Min Deposit
USD 50 / 5000 NGN
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
300+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FxPro Trading and Non-Trading Fees
Spreads
👉 FxPro employs variable spreads, marked up to take its fee from the spread on some accounts, while accounts without a spread are charged a flat commission fee.
👉 The spread rates that traders can anticipate with FxPro vary depending on the account type, and the standard spread for each account type is as follows:
➡️ Standard Account – 1.2 pips EUR/USD
➡️ Pro Account – 0.6 pips EUR/USD
➡️ Raw+ Account – 0.0 pips EUR/USD
➡️ ECN Account – 0.0 pips EUR/USD
Commissions
👉 Regarding commissions, FxPro states that Standard and Pro Accounts do not incur commission fees because the broker fee is included in the spread.
👉 On the other hand, Raw+ and ECN Accounts feature zero-pip spreads, and traders can expect to pay commissions starting from $3.5 per side, depending on the financial instrument.
Overnight Fees, Rollovers, or Swaps
👉 FxPro applies swap/rollover fees when a position is held open overnight to account for the cost of funding a transaction. Then, at 11 pm (UK time), the swap is applied to the client’s account and converted to the account’s base currency.
👉 Swap fees are charged once every workday on the FxPro, MT4, and cTrader platforms, except on Fridays when they are charged three times due to the weekend rollover (Friday-Monday). It is important to note that:
➡️ Swap costs are charged daily for all instruments traded on the MT5 platform.
➡️ FxPro offers swap-free accounts, but they come with certain requirements.
➡️ There are no swaps on future contracts.
➡️ Swap prices are reviewed and adjusted regularly.
Deposit and Withdrawal Fees
👉 FxPro does not charge any deposit or withdrawal fees.
Inactivity Fees
👉 FxPro does not currently confirm the existence of an inactivity fee on dormant accounts.
Currency Conversion Fees
👉 Transaction fees may apply if Nigerian traders deposit or withdraw funds in a currency other than their base account currency.
Other Trading / Non-Trading Fees
👉 There are currently no other trading or non-trading fees indicated for FxPro.
FxPro Deposits and Withdrawals
👉 FxPro offers Nigerian traders the following deposit and withdrawal methods:
➡️ Bank Transfers
➡️ Credit/Debit Cards
➡️ Neteller
➡️ PayPal
➡️ Skrill
➡️ UnionPay
Broker Comparison: Deposit and Withdrawals
| 🥇 FxPro | 🥈 Axi | 🥉 FOREX.com | |
| Minimum Withdrawal Time | 1 business day | Instant | Instant |
| Maximum Estimated Withdrawal Time | 7 business days | Between 1 to 3 Days | Between 1 to 2 working days |
| Instant Deposits and Instant Withdrawals? | Yes, Deposits | Yes | Yes |
FxPro Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.
| 💰 Payment Method | 💸 Deposit Processing | 💳 Withdrawal Processing | 💲 Withdrawal Fees |
| Credit/Debit Card | 1 – 5 working days | 1 – 5 working days | Free |
| Bank Transfers | 1 – 2 working days | 1 – 2 working days | 15 GBP for international withdrawal |
| PayPal | 1 – 2 working days | 1 – 2 working days | Free |
How to Deposit Funds with FxPro
👉 To deposit funds to an account with FxPro, Nigerian traders can follow these steps:
➡️ Sign in with your FxPro credentials.
➡️ Click the “Deposit Funds” button in the upper right corner of the page.
➡️ Select the payment method you wish to use to make a deposit. FxPro provides various payment options, such as bank transfer, credit/debit cards, PayPal, Skrill, and Neteller.
➡️ Enter the deposit amount and then click “Next.”
➡️ Follow the instructions displayed on-screen to complete the payment process. Depending on your chosen payment method, you may be required to enter your payment information or be redirected to a payment gateway.
➡️ After a successful payment, the funds will be deposited into your FxPro account.
How long do FxPro Deposits take?
👉 Deposits with FxPro can be instant, depending on the payment method. However, depending on when deposits are made, funds can take 1 to 3 days to reflect in the trading account.
FxPro Fund Withdrawal Process
👉 To withdraw funds from an account with FxPro, Nigerian traders can follow these steps:
➡️ To withdraw funds from your FxPro account, log in to your account to withdraw funds.
➡️ Then, click on the “Withdraw Funds” button in the page’s top right corner.
➡️ From there, select your preferred payment method from the various options offered by FxPro, such as bank transfer, credit/debit cards, PayPal, Skrill, Neteller, and others.
➡️ Next, input the amount you wish to withdraw and click “Next.” Then, follow the on-screen instructions to complete the withdrawal process.
➡️ Depending on your payment method, you may need to enter your payment details or be redirected to a payment gateway.
➡️ After submitting your withdrawal request, FxPro will process it within 1-2 business days.
➡️ Once the withdrawal is processed, the funds will be credited to your chosen payment method.
➡️ Remember that the time it takes for the funds to be credited may vary depending on your chosen payment method.
How long do FxPro Withdrawals take?
👉 Withdrawals with FxPro can take several days, depending on your withdrawal method and your payment provider’s internal processes.
FxPro Education and Research
Education
👉 FxPro offers the following Educational Materials to Nigerian traders:
➡️ 9 Online Courses
➡️ Pips and points
➡️ Lots and leverage
➡️ Margin
➡️ What is a CFD?
➡️ How to start CFD trading?
➡️ What is the financial Market?
➡️ Trading Sessions
➡️ How to trade the forex markets
➡️ Chart Types
➡️ 4 Fundamental Analysis Courses
➡️ Major Economic Indicators Part 1
➡️ Major Economic Indicators Part 2
➡️ What is fundamental analysis
➡️ Leading and lagging economic indicators
➡️ 5 Technical Indicator Courses
➡️ What is Technical Analysis
➡️ Support and Resistance Levels
➡️ What are channels, and how to put them on
➡️ Major Patterns
➡️ Trend Lines, etc.
➡️ Trading Psychology
➡️ Novice Traders’ Mistakes
➡️ Trading: from competency to skill
➡️ Blindfolded on a mountain range
➡️ Escalation of Commitment and the Skunk Cost Fallacy
👉 Furthermore, FxPro offers more videos on its dedicated YouTube channel.
Research and Trading Tool Comparison
| 🥇 FxPro | 🥈 Axi | 🥉 FOREX.com | |
| Economic Calendar | Yes | Yes | Yes |
| VPS | Yes | Yes | Yes |
| AutoChartist | No | No | Yes |
| Trading View | Yes | No | Yes |
| Trading Central | Yes | Yes | Yes |
| Market Analysis | Yes | Yes | Yes |
| News Feed | Yes | Yes | Yes |
| Blog | Yes | Yes | Yes |
👉 FxPro also offers Nigerian traders the following additional Research and Trading Tools:
➡️ Economic Calendar
➡️ Forex News
➡️ Trading Calculators
➡️ Earnings Calculators
➡️ FxPro Market News
➡️ Technical Analysis through Trading Central
➡️ Trader’s Dashboard
➡️ FxPro Direct App
➡️ FxPro VPS
➡️ Download Centre
FxPro Bonuses and Promotions
👉 FxPro does not offer bonuses or promotions to Nigerian traders. However, FxPro’s attractive rebates program rewards partners and their clients.
How to open an Affiliate Account with FxPro
👉 To register an Affiliate Account, Nigerians can follow these steps:
➡️ Go to FxPro’s website
➡️ Click on the “Partners” tab at the top of the page.
➡️ Click on the “Join our Partnership Program” button.
➡️ Fill out the registration form with your personal information, including your name, email address, phone number, and country of residence.
➡️ Select the type of partnership you are interested in, such as Introducing a Broker or Affiliate.
➡️ Fill out the additional information required for your chosen partnership type, such as your business name and website for Affiliate accounts.
➡️ Agree to the terms and conditions of the partnership program and click on the “Register” button.
➡️ You will receive a confirmation email to access your affiliate account with your login credentials.
➡️ Log in to your affiliate account and promote FxPro to earn commissions on referred clients.
FxPro Affiliate Program Features
👉 Nigerians who become affiliates of FxPro can expect some of the following features:
➡️ FxPro’s commission rates are highly competitive, allowing partners to earn more from referrals.
➡️ Advanced tracking and reporting tools are available to FxPro partners, making monitoring referrals, commissions, and other critical metrics effortless.
➡️ Partners benefit from access to a dedicated account manager who can offer support and assistance as needed.
➡️ A diverse range of marketing materials, including banners, landing pages, and other creatives, are accessible to partners to help them promote FxPro to their target audience.
➡️ FxPro offers various partnership options, such as Introducing Broker, Affiliate, and White Label partnerships, catering to the needs of different partners.
➡️ FxPro is a top-rated online broker that provides high-quality products and services, including advanced trading platforms, competitive pricing, and exceptional customer support.
➡️ Overall, FxPro’s partnership program equips partners with the necessary tools, support, and resources to establish a prosperous partnership and earn a substantial income by referring clients to FxPro.
Overall Rating
- 4.7/5
Min Deposit
USD 50 / 5000 NGN
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
300+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FxPro Customer Support
| Customer Support | FxPro’s Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🗣 Support Languages | Multilingual |
| 💬 Live Chat | Yes |
| 📧 Email Address | [email protected] |
| 📞 Telephonic Support | Yes |
| ✔️ Local Support in Nigeria? | No |
| 🥇 The overall quality of FxPro’s Support | 5/5 |
FxPro Corporate Social Responsibility
👉 As a global organization with a diverse, multi-ethnic workforce, FxPro believes that the impact of its charitable work is significantly enhanced when employees are allowed to support the charities of their choice.
👉 In addition, FxPro strives to develop strong, long-lasting relationships with the communities in which it operates.
👉 As a result, FxPro is now involved in various charitable organizations and has recently pledged support to UNICEF, the Red Cross, local and international hospitals, care facilities, and charitable fundraising events.
FxPro Cashback Rebates Features and Conditions
👉 Overall, FxPro offers forex rebates of up to 30% of the spread on the MT4 (Instant, Standard, and Fixed), FxPro Edge, MT5, cTrader, and Spread Betting (not available in Nigeria) Accounts as follows:
| 💻 MT4 (Instant, Standard, Fixed) | 📱 FxPro Edge | 💵 MT5 | 💸 cTrader | 💰 Spread Betting | |
| Forex | 30% of the Spread | 30% of the Spread | 30% of the Spread | 30% of the spread + 24.50% per million USD traded | 10% of the execution spread or Bet Spread |
| Indices | 30% of the Spread | 30% of the Spread | 30% of the Spread | 30% of the Spread | – |
| Cryptocurrency | 30% of the Spread | 30% of the Spread | 30% of the Spread | – | – |
| Precious Metals | 30% of the Spread | 30% of the Spread | 30% of the Spread | 30% of the Spread + 24.50% per million USD traded | – |
| Energies | 30% of the Spread | 30% of the Spread | – | – | – |
| Shares | 30% of the Spread | 30% of the Spread | – | – | – |
| Soft Commodities | 30% of the Spread | 30% of the Spread | 30% of the Spread | – | – |
| Futures | 30% of the Spread | 30% of the Spread | 30% of the Spread | – | – |
| Payment Frequency | FxPro Offers monthly Cashback to traders | FxPro Offers monthly Cashback to traders | FxPro Offers monthly Cashback to traders | FxPro Offers monthly Cashback to traders | FxPro Offers monthly Cashback to traders |
FxPro Cashback Forex Conditions and Additional Notes
👉 Customers from Spain, Portugal, and Belgium do not qualify for rebates.
👉 A client who uses the “Close By” or “Multiple Close Buy” techniques will not be eligible for rebates from FxPro.
👉 By registering as an “introducer broker,” a business associate can earn commissions on the transaction volume of clients referred. Clients can earn up to 30% of the spread, while partners can earn up to 55% of FxPro’s earnings.
👉 The FxPro partner dashboard summarizes earnings, trading activity, new sign-ups, deposits, withdrawals, and everything else you need to promote your business.
👉 FxPro pays rebates to qualifying traders monthly, immediately after the month in which they were earned.
FxPro Web Traffic Report
| 💻 Global Rank | 92,362 |
| 📱 Country Rank | 10,407 |
| 💰 Category Rank | 120 |
| 💵 Total Visits | 775k+ |
| 📈 Bounce Rate | 61.04% |
| 📉 Pages per Visit | 2.08 |
| 📊 Average Duration of Visit | 00:01:17 |
| 💵 Total Visits in the last three months | • November – 694K • December – 634K • January – 775K |
Our Final Verdict on FxPro
👉 FxPro is one of the most trustworthy and well-established brokers to trade with this year. In addition, it offers features that help both novice and experienced traders.
👉 Furthermore, FxPro is proud of its “five-star customer service,” namely its multilingual, Monday-through-Friday (24/5) customer support team.
👉 FxPro’s choice of forex pairs and ability to trade equity indices, cryptocurrencies, commodities, and futures distinguishes them from others in the industry. Nonetheless, frequent traders and specialists may find that the fees reduce profits.
FxPro Current Popularity Trend
👉 According to Google Trends, FxPro has increased in Google searches in Nigeria in the past month.
FxPro Alternatives
➡️ FOREX.com – Markets.com offers Nigerians commission-free accounts and the powerful MarketsX platform for web browsers and mobile devices. In addition, over 2,200 financial instruments can be traded, and Nigerians can expect spreads from 0.6 pips on EUR/USD.
➡️ eToro – eToro does an excellent job of balancing useful tools and features within a user-friendly web platform and mobile trading app. While being good for beginners does not imply that it is easy to make money, eToro is easier to use than more complex trading platforms.
➡️ Pepperstone – Pepperstone is ideally suited for traders who desire a manageable selection of low-cost offerings, multiple user interface and account type options, and effective customer service. Pepperstone’s fees are among the most competitive in the online brokerage industry.
Latest Existing/Previous Customer Comments on FxPro for 2022/3
➡️ Magnus Stokes (January 2023) “After using the services of 5 different brokers, I have concluded that FxPro is, by far, the most exceptional one. They offer competitive spreads, and as a standard practice, I use a 2-pip max deviation on entries and exits, which allows for acceptable requotes. In addition, while there have been instances of server downtimes, they have not been to an unacceptable extent.”
➡️ Jago Curry (April 2022) “I have withdrawn from FxPro. The process was smooth and fast, with the funds transferred via bank transfer and accompanied by confirmation emails. The efficiency was commendable. However, it is noteworthy that US indices do not trade around the clock like futures, which is unfavourable to risk management. This area calls for improvement.”
FAQ
Does FxPro have Nasdaq 100?
Yes, FxPro has Nasdaq 100.
Is FxPro Safe or a Scam?
FxPro is a safe forex and CFD broker regulated by Tier-1, Tier-2, and Tier-3 regulators worldwide.
Can I trade Forex and CFDs with FxPro?
Yes, you can trade Forex and CFDs with FxPro. In addition, the broker offers a wide range of financial instruments, including Forex, shares, futures, spot indices, metals, and energies.
Is FxPro regulated?
Yes, FxPro is regulated by several financial regulatory bodies, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Sector Conduct Authority (FSCA) in South Africa, Financial Services Commission (FSC) in Mauritius, and the Securities Commission of The Bahamas (SCB).
How long does it take to withdraw from FxPro?
It can take 3 to 7 days for funds to reflect after requesting a withdrawal from FxPro, depending on your payment method.
What trading platforms does FxPro offer?
FxPro offers multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms are available for desktop, web, and mobile devices and offer advanced charting and trading tools.
Does FxPro have VIX 75?
FxPro does not have VIX 75 but offers other CFDs on Indices, including Nasdaq, France 40, China A 50, Japan 225, UK 100, US SPX 500, and many others.
What are the benefits of trading with FxPro?
Trading with FxPro has several benefits, including access to various financial instruments, multiple trading platforms, competitive spreads, fast execution, and various educational resources and tools.
Additionally, FxPro is regulated by several financial regulatory bodies, providing clients with high security and protection.
Why should I work through the SA Shares Cashback?
You can expect some of the highest commissions if you work through SA Shares to earn up to 30% Cashback Rebates from Forex Brokers such as FxPro.
This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as FxPro to ensure you get the most back from your trading activities.
Conclusion
Our Review Methodology
👉 For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.
👉 Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.
👉 Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with FxPro?
➡️ What was the determining factor in your decision to engage with FxPro?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
➡️ Have you experienced issues with FxPro, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
👉 No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.
👉 Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all investors. Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk.
👉 In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.
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