FxPro Review
Overall, FxPro is very competitive regarding its trading fees and spreads. FxPro is a multi-regulated forex broker headquartered in London. FSA, CBCS, FSC, FSC BVI, FSCA, CEC, and FCA regulate FxPro. FxPro has an overall Trust Score of 90% out of 100% and is currently not regulated by the Central Bank of Rwanda.
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
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 100 / 108820 RWF
Regulators
CySec, FSCA, FCA
Trading Desk
FxPro Trading Platfrom
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
FxPro Review – 32 key points quick overview:
- ✅ Summary
- ✅ FxPro at a Glance
- ✅ Analysis of FxPro’s Main Features
- Top 3 FxPro User Reviews
- FxPro Geographic Reach and Limitations
- FxPro Regulation and Safety of Funds
- FxPro Awards and Recognition
- FxPro Account Types and Features
- How to open an Account with AvaTrade in Rwanda
- How to open an Account with FxPro
- How to close My Account with FxPro
- FxPro MAM / PAMM Features
- Social Trading with FxPro
- Broker Comparison
- FxPro Trading Platforms
- FxPro Investment Programs
- Broker Comparison for Range of Markets
- FxPro Trading and Non-Trading Fees
- FxPro Deposits and Withdrawals
- How to Deposit Funds with FxPro
- FxPro Fund Withdrawal Process
- FxPro Education and Research
- FxPro Bonuses and Promotions
- How to open an Affiliate Account with FxPro
- FxPro Affiliate Program Features
- FxPro Customer Support
- FxPro Corporate Social Responsibility
- FxPro Cashback Rebates Features and Conditions
- FxPro Web Traffic Report
- Our Final Verdict on FxPro
- FxPro Alternatives
- FAQ
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.
FxPro at a Glance
| 🏙 Headquartered | London, England |
| 🏛 Global Offices | United Kingdom, Cyprus, South Africa, the Bahamas, Mauritius |
| 💻 Local Market Regulator in Rwanda | The National Bank of Rwanda (BNR) |
| 💸 Foreign Direct Investment in Rwanda | 1.3 million USD (2023) |
| 🔄 Foreign Exchange Reserves in Rwanda | 212 million USD |
| 🏛 Local office in Kigali? | No |
| 👨⚖️ Governor of SEC in Rwanda | None, John Rwangombwa is the Governor of the National Bank of Rwanda |
| ✔️ Accepts Rwandan Traders? | Yes |
| 🗓 Year Founded | 2006 |
| ☎️ Rwandan Traders 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 |
| ⚖️ BNR Regulation | None |
| 🏛 Global 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 | From 0.4 pips on US Futures |
| 💸 Minimum Commission per Trade | None |
| 💵 Decimal Pricing | 5th decimal pricing 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 RWF Account? | No |
| 👥 Dedicated Rwandan Traders Account Manager? | No |
| 📊 Maximum Leverage | • 1:30 (FCA, ASIC) • 1:200 (FSCA, SCB) |
| 📈 Leverage Restrictions for Rwanda? | None |
| 💵 Minimum Deposit (RWF) | 108,000 RWF ($100) |
| ✔️ Rwandan franc Deposits Allowed? | No, only GBP, EUR, USD, CHF, AUD, JPY, ZAR, NGN, DKK, NOK, and SE |
| 📊 Active Rwandan Traders Trader Stats | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR |
| 👥 Active Rwandan Traders-based FxPro customers | Unknown |
| 🔄 Rwanda Daily Forex Turnover | 1.5 billion USD (November 2022) |
| 💰 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? | Yes |
| 🤝 Segregated Accounts with Rwandan Traders Banks? | No |
| 💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader • FxPro App |
| 💵 Tradable Assets | • Forex • Futures • Indices • Shares • Metals • Energies • Cryptocurrency CFDs |
| 💸 Offers USD/RWF currency pair? | No |
| 📊 USD/RWF Average Spread | N/A |
| ✅ Offers Rwandan Traders 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 |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Rwandan Traders-based customer support? | No |
| 💰 Bonuses and Promotions for Rwandan Traders | Yes |
| 📚 Education for Rwanda beginner traders | Yes, App |
| 📱 Proprietary trading software | No |
| 🏅 Most Successful Rwandan Trader | Unknown |
| ✔️ Is FxPro a safe broker for Rwandan Traders? | Yes |
| 🎖 Rating for FxPro Rwanda | 8/10 |
| 🥇 Trust score for FxPro Rwanda | 90% |
| 👉 Open An Account | 👉 Open 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
➡️ Grace Lee (February 2023) “They are extremely efficient in processing deposits and withdrawals. They frequently accomplish these tasks on the same day, particularly if I utilize PayPal. While their execution is not the absolute best, I have found it quite satisfactory. Additionally, their customer support is excellent. I believe that with time, they will become one of the largest brokers in the market.”
➡️ Helen Edwards (February 2023) “Recently, I became obsessed with algorithmic trading. This sort of trading appears to have considerably more potential than manual trading. FxPro is the best broker for utilizing trading robots. Not only because it provides access to a dependable VPS service for an affordable monthly charge.”
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%
➡️ 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 accept clients from these countries:
➡️ The United States
➡️ Canada
➡️ Iran
Popularity among Rwandan traders who choose FxPro
👉 FxPro falls within the top 100 brokers for Rwandans in 2023.
FxPro Regulation and Safety of Funds
FxPro Regulations in Rwanda
👉 The National Bank of Rwanda (BNR) 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 Rwandan Traders and Client Funds
| ✔️ Security Measure | ℹ️ Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes, ICF – this does not cover Rwandans |
| 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 uses multiple safeguards to protect its traders’ personal information and trading capital. Among these characteristics are the following:
➡️ Reputable oversight agencies oversee FxPro’s operations. By doing so, you may rest assured that your broker is operating openly and fairly and that your money is safe.
➡️ FxPro guarantees its clients will never experience a loss greater than their initial deposit. In addition, the broker will close all open positions if there is a gap in the market or significant volatility, protecting the client from losses that could surpass their account amount.
➡️ Client monies are held in segregated bank accounts at FxPro, meaning they are not mixed in with the company’s general operating cash. For this reason, even if the broker goes bankrupt, the client’s money will be safe.
➡️ For added account protection, FxPro provides two-factor authentication (2FA). To access their accounts, users using 2FA will also be required to enter a verification number that was either produced by the app or received by SMS.
➡️ FxPro takes the privacy and security of its customers’ personal and financial data very seriously, which is why we employ encryption technology. Because of this, the broker’s servers and the clients’ devices can communicate securely.
FxPro Awards and Recognition
👉 FxPro has won several awards in recent years. However, the latest indicated on the FxPro website is for 2021, and these are as follows:
➡️ Best Broker in the United Kingdom 2021: Ultimate Fintech Awards.
➡️ Best Forex Provider 2021: Online Personal Wealth Awards.
FxPro Account Types and Features
| 💻 Live Account | 💰 Minimum Dep. | 📊 Average Spread | 💸 Commissions | 💵 Average Trading Cost |
| Standard | 108,000 RWF ($100) | 1.2 pips | Only the Spread | 12 USD |
| Pro | 1 million RWF ($1,000) | 0.6 pips | Only the Spread | 6 USD |
| Raw+ | 1 million RWF ($1,000) | 0.0 pips | $3.5 per side | 7 USD |
| ECN | 3.2 million RWF / $30,000 (in 2 months) | 0.0 pips | $3.5 per side | 7 USD |
FxPro Live Trading Account Details
Standard Account
👉 The Standard account is well-suited for traders who prefer fixed spreads. This account is free of commission charges and provides fixed spreads that begin at 1.2 pips.
| 💻 Minimum Deposit | 108,000 RWF ($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
👉 The Pro account caters to more experienced traders who value narrower spreads and greater flexibility in trading conditions. This account offers variable EUR/USD spreads from 0.6 pips without commission fees.
| 💻 Minimum Deposit | 1 million RWF ($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
👉 The Raw+ account is designed for traders willing to pay a fee to avail themselves of the tightest spreads possible. This account offers spreads from 0 pips and commissions of $3.5 per lot per side.
| 💻 Minimum Deposit | 1 million RWF ($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
👉 The ECN account is specifically tailored for traders who wish to transact directly with liquidity providers. It grants access to spreads and execution suitable for institutions, with variable spreads starting at 0 pips and a commission rate of $3.5 per lot per side.
| 💻 Minimum Deposit | 3.2 million RWF / $30,000 (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
👉 Free demo accounts are available for the trading platforms MetaTrader 4, MetaTrader 5, and cTrader. Demo accounts are ideal for first-time traders because they provide a risk-free environment to experiment with different trading methods and get a feel for the platform.
👉 You can practice trading Forex, CFDs (contracts for difference), commodities (CFDs), indices (CFDs), and stocks (CFDs) in a live environment that mirrors real-time market circumstances with the demo account.
👉 Furthermore, once Rwandans have mastered a trial account, they can easily transition to a real money account.
FxPro Islamic Account
👉 FxPro provides a swap-free Islamic account that complies with Sharia law rules.
FxPro Professional Account
👉 FxPro currently only offers four live trading accounts. Therefore, there is no dedicated account for Professional traders.
FxPro Spread Betting Account
👉 FxPro does not offer spread betting to traders outside the United Kingdom.
FxPro Base Account Currencies
👉 The Rwandan traders who sign up with FxPro can choose any of the following currencies as their account’s base currency: USD, EUR, GBP, CHF, PLN, AUD, JPY, or ZAR.
👉 Suppose Rwandans make deposits or withdrawals in a currency other than the trading account’s base currency. In that case, the exchange rate will be applied.
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
👉 To minimize losses when the price of a CFD moves in an unprofitable direction, traders can utilize Stop-Loss Orders, which are always connected to an open, market, or pending order.
👉 Once the price of the CFD reaches the Stop-Loss level, the entire position will be automatically closed. The FxPro platform checks long positions with the BID price and short positions with the ASK price to confirm if the provisions of the Stop-Loss Order have been met.
Requotes
👉 During moments of high volatility or low liquidity, such as major news releases or the release of important economic data, slippage can occur, which is a normal component of trading, especially in the currency market.
👉 However, FxPro takes great measures to protect traders from market instability. As a result, they offer a comprehensive trade management system that minimizes the risk of negative slippage and ensures best-price execution, providing customers with added security and peace of mind.
How to open an Account with AvaTrade in Rwanda
👉 AvaTrade’s account registration procedure is straightforward and can be completed in a matter of minutes. Visitors to AvaTrade’s official website can quickly sign up for an account by choosing the proper option for account registration on the homepage.
👉 Trades must be completed online, verified by email and paperwork submitted for verification before Rwandan traders may start trading.
👉 Traders will be able to fund their accounts and begin trading within minutes of this procedure is completed. Additionally, AvaTrade’s courteous customer support staff is there to help traders in any way possible.
How to open an Account with FxPro
👉 To register an account with FxPro, Rwandan traders can follow these easy steps:
➡️ Go to www.fxpro.com and click the “Register” button at the top right corner of the homepage.
➡️ Fill out the registration form with your personal information, including your name, email address, phone number, and country of residence.
➡️ Choose the type of account you want to open, such as demo, Standard, Pro, Raw+, or ECN account.
➡️ Submit the registration form and wait for FxPro to approve your account.
➡️ Remember that you may need to provide additional documentation to verify your identity.
➡️ Once your account is approved, log in using the provided credentials and fund your trading account through available deposit methods.
➡️ Select your preferred trading platform and market instruments to start trading.
How to close My Account with FxPro
👉 To close a live trading account with FxPro, Rwandan traders can follow these steps:
➡️ Log in to your FxPro Direct account using your username and password.
➡️ Click on the “Settings” tab.
➡️ Select “My Profile” from the dropdown menu.
➡️ Scroll down to the bottom of the page and click the “Close Account” button.
➡️ Follow the instructions on the screen to complete the account closure process.
👉 Please note that before you can close your account, you must ensure that all your open positions have been closed and that any funds remaining in your account have been withdrawn.
👉 This is because once you have closed your account, you can no longer access it. Furthermore, any account history, including trade and transaction records, will no longer be available.
FxPro MAM / PAMM Features
👉 The acronym “MAM” refers to a program that enables financial managers to oversee multiple clients’ accounts with a single set of controls. Rwandans might anticipate the following benefits from FxPro’s MAM solution:
➡️ Adaptability: FxPro’s MAM system allows trades to be split among many sub-accounts, each with its risk profile and trading approach.
➡️ Individual Rwandans can customize every aspect of the solution to their needs, from the fees charged to the percentage of profits kept from each deal that goes to the beneficiaries.
➡️ Because of FxPro’s MAM solution’s intuitive interface, money managers can make trades rapidly and with minimal effort.
➡️ Interoperability: The solution can be used with MT4 and MT5 trading platforms, making it simple to include into pre-existing trading methods.
➡️ On-the-fly account tracking: Residents of Rwanda can track their investments without waiting for the daily, weekly, or monthly performance reports that are otherwise standard.
➡️ Safeguarding financial assets and sensitive customer information is a top priority for businesses in Rwanda, and FxPro’s MAM solution helps them do just that with features like two-factor authentication and secures data transmission.
Social Trading with FxPro
👉 FxPro does not currently offer Social Trading for Rwandan traders.
Broker Comparison
| 🥇 FxPro | 🥈 SuperForex | 🥉 FXTM | |
| ⚖️ Regulation | FCA, CySEC, SCB, FSCA, FSC | None | CySEC, FSCA, FCA, FSC Mauritius |
| 💻 Trading Platform | • MetaTrader 4 • MetaTrader 5 • cTrader • FxPro App | • MetaTrader 4 • SuperForex App | • MetaTrader 4 • MetaTrader 5 • FXTM Trader |
| 💵 Withdrawal Fee | No | Yes | Yes |
| ✔️ Demo Account | Yes | Yes | Yes |
| 💰 Min Deposit | 108,700 ($100) | 1,000 RWF ($1) | 10,800 RWF ($10) |
| 📊 Leverage | 1:500 | 1:2000 | 1:2000 |
| 📈 Spread | 0.0 pips EUR/USD | From 0.0 pips | 0.0 pips, Variable |
| 💸 Commissions | $3.5 per side | From 0.013% | From $0.4 to $2 |
| 🛑 Margin Call/Stop-Out | 100%/50% | 80%/40% | • 40% to 50% (M) • 60% to 80% (S/O) |
| 📲 Order Execution | Market | Market, Instant | Market, Instant |
| ✔️ No-Deposit Bonus | No | Yes | No |
| ✅ Cent Accounts | No | Yes | No |
| 💻 Account Types | • Standard Account • Pro Account • Raw+ Account • ECN Account | • Standard Account • Swap-Free Account • No Spread Account • Micro Cent Account • Profi STP Account • Crypto Account • ECN Standard Account • ECN Standard Mini Account • ECN Swap-Free Account • ECN Swap-Free Mini Account • ECN Crypto Account | • Micro Account • Advantage Account • Advantage Plus Account |
| ⚖️ BNR Regulation | No | No | No |
| 💵 RWF Deposits | No | No | No |
| ✔️ Rwandan franc Account | No | No | No |
| 📞 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 🛍 Retail Investor Accounts | 4 | 11 | 3 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 pips | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited | None | 100 lots |
| 📊 Minimum Withdrawal Time | 1 business day | Instant | Instant up to 24 hours |
| ⏱ Maximum Estimated Withdrawal Time | 7 business days | 2 to 4 working days | Up to 5 working days |
| ✔️ Instant Deposits and Instant Withdrawals? | Yes, Deposits | Yes, Deposits | Yes, Deposits |
FxPro Trading Platforms
👉 FxPro offers Rwandans the following platforms:
➡️ Because of its user-friendly design, innovative charting capabilities, a wealth of indicators, and support for automated trading, MetaTrader 4 has earned a reputation as one of the industry’s top platforms. You can use it on your computer, smartphone, or web.
➡️ MetaTrader 5, an improved version of MT4, has all the same features as MT4 and more, including the ability to trade on multiple periods and support sophisticated order types. In addition, the MT5 platform can be accessed via a computer, a mobile device, or the web.
➡️ For serious trading, cTrader is the platform of choice. Moreover, cTrader has sophisticated charting capabilities, a wide variety of order types, and the ability to engage in algorithmic trading. Moreover, cTrader can be accessed from any computer, the web, or a mobile phone.
➡️ With the FxPro App, traders can access various markets, sophisticated charting tools, real-time market news and analysis, and more while on the go. The software also has an easy-to-use interface and can facilitate algorithmic trading.
FxPro Investment Programs
👉 FxPro does not offer a separate investment program for Rwandans.
Which Markets can You Trade with FxPro?
👉 Rwandan 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 | 📈 Number of Assets Offered | 📉 Max Leverage Offered |
| Forex | 70 | 1:500 |
| Futures | 21 | 1:50 – 1:100 |
| Indices | 19 | 1:50 – 1:200 |
| 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 | 🥈 SuperForex | 🥉 FXTM | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | No | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | No |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | Yes | No | No |
FxPro Trading and Non-Trading Fees
Spreads
👉 The money received by the FxPro is the difference between the asking price and the highest bidder, or the spread. Traders working with FxPro should expect the following spread rates, which are common for each account type:
➡️ 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
👉 For both Raw+ and ECN Accounts, the spread is always 0 pips. As a result, commissions for traders could start as low as $3.5 per side, depending on the financial instrument.
Overnight Fees, Rollovers, or Swaps
👉 Traders using the MetaTrader and cTrader platforms will be subject to overnight expenses in rollover fees, which will be made clear to them.
👉 Buying or selling one currency in exchange for another incurs interest, called a rollover fee in the foreign exchange market, equal to the difference in the two currencies’ overnight interest rates.
👉 For more information on these rates, Rwandans can go online. Rwandan traders must also be familiar with spreads and include them in their trading strategy if they plan to hold positions for longer than a day.
👉 In addition, residents of Rwanda can estimate their potential financial outlay with the help of the FxPro Swap fee calculator.
Deposit and Withdrawal Fees
👉 Deposit and withdrawal fees do not apply.
Inactivity Fees
👉 FxPro might charge inactivity fees on a dormant account. These fees typically range from $5 to $15.
Currency Conversion Fees
👉 Your FxPro account may incur inactivity penalties if inactive for a prolonged period. The typical cost of such things is between $5 and $15.
FxPro Deposits and Withdrawals
👉 FxPro offers Rwandan traders the following deposit and withdrawal methods:
➡️ Bank Transfers
➡️ Credit/Debit Cards
➡️ Neteller
➡️ PayPal
➡️ Skrill
➡️ UnionPay
Broker Comparison: Deposit and Withdrawals
| 🥇 FxPro | 🥈 SuperForex | 🥉 FXTM | |
| Minimum Withdrawal Time | 1 business day | Instant | Instant up to 24 hours |
| Maximum Estimated Withdrawal Time | 7 business days | 2 to 4 working days | Up to 5 working days |
| Instant Deposits and Instant Withdrawals? | Yes, Deposits | Yes, Deposits | Yes, Deposits |
FxPro Deposit and Withdrawal Details – Payment Methods, currencies, processing time, etc.
| 💰 Payment Method | 💵 Accepted Currencies | 💰 Deposit Processing | 💵 Withdrawal Processing |
| Bank Transfer | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | 1 – 3 days | 3 – 7 days |
| Credit/Debit Cards | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
| Neteller | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
| PayPal | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
| Skrill | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
| UnionPay | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR | Instant | 1 day |
How to Deposit Funds with FxPro
👉 To deposit funds to an account with FxPro, Rwandan traders can follow these steps:
➡️ Use your credentials to sign in to your FxPro account.
➡️ On the page’s upper right corner, click “Deposit Funds.”
➡️ Choose the method of deposit payment you plan to utilize. FxPro allows payment methods:
➡️ Bank transfer
➡️ Credit/debit cards
➡️ PayPal,
➡️ UnionPay
➡️ Skrill
➡️ Neteller
➡️ Enter the deposit amount and click “Next.”
➡️ Follow the instructions on-screen to complete the payment process. You may be required to submit your payment information or transfer to a payment gateway, depending on your chosen payment method.
➡️ Cash will be deposited into your FxPro trading account upon successful payment.
How long do FxPro Deposits take?
👉 Deposits with FxPro can be instantaneous or take up to three days, depending on when you deposit and the method you select.
FxPro Fund Withdrawal Process
👉 To withdraw funds from an account with FxPro, Rwandan traders can follow these steps:
➡️ Sign in using your FxPro credentials.
➡️ Click the “Withdraw Money” button in the upper right corner of the page.
➡️ FxPro offers a variety of payment options, such as bank transfers, credit/debit cards, PayPal, Skrill, and Neteller.
➡️ Input the withdrawal amount and then click “Next.” Finally, follow the on-screen directions to finish the withdrawal process.
➡️ Depending on your chosen payment method, you may be required to enter your payment information or be redirected to a payment gateway.
➡️ FxPro will process your withdrawal request within one to two business days after submission.
How long do FxPro Withdrawals take?
👉 FxPro processes withdrawal requests within two days. However, the process may take a few days to complete, depending on the payment method you select and the payment provider’s/internal bank’s procedures.
FxPro Education and Research
Education
👉 FxPro offers the following Educational Materials to Rwandan traders:
➡️ 9 Online Courses
➡️ 4 Fundamental Analysis Courses
➡️ 5 Technical Indicator Courses
➡️ Trading Psychology
➡️ YouTube Videos on the official channel
Research and Trading Tool Comparison
| 🥇 FxPro | 🥈 SuperForex | 🥉 FXTM | |
| Economic Calendar | Yes | Yes | Yes |
| VPS | Yes | No | Yes |
| AutoChartist | No | No | No |
| Trading View | Yes | No | No |
| Trading Central | Yes | Yes | Yes |
| Market Analysis | Yes | Yes | Yes |
| News Feed | Yes | Yes | Yes |
| Blog | Yes | Yes | Yes |
👉 FxPro also offers Rwandan 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 any bonuses or promotions to Rwandan traders. Nonetheless, FxPro’s great rebates program rewards partners and customers.
How to open an Affiliate Account with FxPro
👉 To register an Affiliate Account, Rwandans can follow these steps:
➡️ Access the official website of FxPro and locate the “Partners” button at the top of the page.
➡️ Select the “Participate in Our Partnership Program” option.
➡️ 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 an Introducing Broker or Affiliate.
➡️ Provide additional information, such as your business name and website, if required for your chosen partnership type.
➡️ Click “Register” to agree to the partnering program’s terms and conditions.
➡️ You will receive a confirmation email containing your affiliate account login details.
➡️ Log in to your affiliate account and promote FxPro to earn commissions on referred clients.
FxPro Affiliate Program Features
➡️ Competitive commission rates: The FxPro Affiliate Program offers attractive commission rates, allowing affiliates to earn up to $1,000 per client referral.
➡️ Real-time tracking and reporting: FxPro’s user-friendly affiliate portal allows affiliates to monitor their referrals’ trading activities and commission earnings in real-time.
➡️ Marketing resources and tools: FxPro equips affiliates with various marketing tools and resources to help promote the platform and attract new clients.
➡️ Customized commission structures: Affiliates can negotiate customized commission structures based on their needs and preferences.
➡️ Dedicated support: FxPro’s Affiliate Program provides dedicated support to affiliates. A dedicated account manager is available to assist with any queries or concerns.
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 Rwanda? | No |
| 🥇 Overall quality of FxPro Support | 5/5 |
FxPro Corporate Social Responsibility
👉 As a socially responsible organization, FxPro has participated in numerous Corporate Social Responsibility (CSR) projects to support social and environmental causes. The following are some of the CSR initiatives in which FxPro has participated:
➡️ FxPro Education Program: Collaborating with numerous colleges and educational institutions, FxPro provides students and traders with financial education and trading courses.
➡️ Philanthropic contributions: FxPro has supported various philanthropic organizations, including Doctors Without Borders, UNICEF, and the Red Cross.
➡️ Environmental initiatives: FxPro has adopted energy-efficient technology and minimized paper consumption to reduce its environmental impact.
➡️ Community outreach activities: FxPro has undertaken several community outreach initiatives to benefit local communities, such as supplying school materials to underprivileged children and funding local sports teams.
➡️ Sponsorships: FxPro has sponsored various sporting events and teams, including Premier League football club Watford FC and the Aston Martin Cognizant Formula 1 team.
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 Rwanda) 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 | 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 | 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
➡️ The FxPro partner dashboard consolidates earnings, trading activity, new sign-ups, deposits, withdrawals, and other critical information to promote business growth.
➡️ FxPro distributes rebates to qualified traders monthly, immediately after the month in which the rebates were earned.
➡️ Customers from Spain, Portugal, and Belgium are not eligible for rebates.
➡️ FxPro does not offer rebates to customers that use the “Close By” or “Multiple Close Buy” strategies.
➡️ A business associate can earn commissions depending on the transaction volume of recommended clients by registering as an “introducing broker” with FxPro.
➡️ Customers can earn up to 30% of the spread, while partners can receive up to 55% of the money generated by FxPro.
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 a respected and trustworthy forex and CFD broker providing a variety of account types, platforms, and tools ideal for traders of varying levels of experience.
👉 FxPro provides traders with competitive pricing, minimal spreads, and quick execution. Their minimum deposit requirement, however, may be higher than some traders like. In addition, there are other costs for some account kinds and services.
FxPro Alternatives
➡️ Plus500 offers competitive spreads and a user-friendly interface. Plus500 also offers a free demo account for traders to experiment before investing real money. In contrast to FxPro, they provide a smaller selection of trading instruments.
➡️ Because of its user-friendly interface and commission-free trading, IQ Option is an excellent platform for novices. The minimum deposit at IQ Option is 10,800 RWF ($10). Moreover, it provides leverage of up to 1:1000. Rwandans can trade Forex, ETFs, stock CFDs, bitcoin, and commodities via IQ Option.
➡️ IC Markets is the finest ECN broker for Rwandans. It offers over 60 tradable forex pairs, ECN and DMA pricing, a secure trading environment, and some of the greatest educational and trading materials.
FAQ
What is FxPro?
FxPro is an online broker that offers Forex, stocks, futures, and other financial instruments for trading on various platforms.
What trading platforms does FxPro offer?
FxPro offers several trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
What deposit and withdrawal methods are available at FxPro?
FxPro offers deposit and withdrawal methods, including bank transfer, credit/debit cards, and e-wallets like PayPal, Neteller, and Skrill.
Does FxPro offer customer support?
Yes, FxPro offers customer support 24/5 in multiple languages, including English, Arabic, Chinese, Spanish, and more.
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.
Is FxPro regulated?
FCA regulates FxPro in the UK, CySEC in Cyprus, FSCA in South Africa, SCB in the Bahamas, and FSC in Mauritius.
How long does it take to withdraw from FxPro?
FxPro is a safe forex and CFD broker regulated by Tier-1, Tier-2, and Tier-3 regulators worldwide.
Does FxPro have VIX 75?
FxPro does not have VIX.
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.
