Introduction
Founded in 2006, FXWPro is a global provider of online trading services. The company offers a wide range of financial instruments, including forex, CFDs, stocks, futures and options. FXWPro is headquartered in London and has offices in the United States, Europe and Asia. FXWPro is regulated by the Financial Conduct Authority (FCA) in the UK and the Securities and Exchange Commission (SEC) in the US. The company is also a member of the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). The FXWPro trading platform is available in English, Spanish, French, German, Italian, Russian and Chinese. It supports Windows, MacOS, iOS and Android devices. In this review, we will take a look at FXWPro’s regulations, platforms, instruments and user ratings.
User Rating
In this FXWPro review, we take a close look at the company’s regulation, platforms, instruments and user ratings.
FXWPro is a online broker offering forex and CFD trading. The company is based in Estonia and is regulated by the Estonian Financial Supervisory Authority (EFSA).
The broker offers two account types – a standard account and a VIP account. The minimum deposit for a standard account is $500 and the minimum deposit for a VIP account is $50,000.
The broker offers the following platforms: MetaTrader 4, MetaTrader 5, WebTrader and Mobile Trader. The broker also offers a wide range of tradable instruments including currency pairs, metals, indices and commodities.
User ratings for FXWPro are generally positive. The majority of users rate the broker 4 or 5 stars out of 5.
Regulations
When we looked at the regulatory situation for FXWPro, it was a bit of a mixed bag. The broker is registered in Vanuatu and regulated by the Vanuatu Financial Services Commission (VFSC). However, it is also registered with the UK’s Financial Conduct Authority (FCA), which provides some additional protection for UK-based clients.
In terms of regulation, then, FXWPro is certainly not a fly-by-night operation. However, we would like to see the broker being more forthcoming about its regulatory status on its website. At the moment, there is no mention of either the VFSC or the FCA on the site, which we think is something of a missed opportunity.
In terms of platforms, FXWPro offers clients the choice of MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Both of these are industry-leading platforms that offer a wide range of features and tools. MT4 is perhaps more suited to beginner traders, while MT5 offers more advanced features such as split-screen trading and market depth information.
FXWPro also offers a good selection of tradable instruments, with over 50 forex pairs available to trade alongside metals, indices and cryptocurrencies. Spreads start from just 0.1 pips on major forex pairs, which is very competitive.
All in all, we were impressed with what FXWPro has to offer in terms of
Platforms and Instruments
When it comes to forex trading, one of the most important factors to consider is the platform that you will be using. There are a variety of different platforms out there, and each has its own strengths and weaknesses. It’s important to find a platform that is suitable for your individual needs and trading style.
In addition to the platform, another important consideration is the instruments that you will be trading. There are a multitude of different currency pairs, commodities, and other financial instruments to choose from. It’s important to do your research and select the instruments that are right for you.
Finally, it’s also important to take user ratings into account when choosing a forex trading platform or instrument. While not always accurate, user ratings can give you a good idea of what other traders have experienced with a particular platform or instrument.
Customer Service and Education
Customer service is an important aspect of any online broker. It is the point of contact between the broker and the trader, and it is responsible for providing account management, technical support, and educational resources.
FXWPro.com provides customer service through a variety of channels, including email, telephone, and live chat. The customer service team is available 24 hours a day, 7 days a week.
In addition to customer service, FXWPro.com also provides a range of educational resources to help traders improve their skills and knowledge. The website offers a library of articles and tutorials on a variety of topics, as well as a demo account so that traders can practice their trading strategies in a risk-free environment.
Pros and Cons
When it comes to forex trading, there are a lot of things to consider. One of the first things you need to take into account is the broker you will use. There are many different brokers out there, each with their own strengths and weaknesses. In this article, we will be taking a look at FXWPro.com, a broker that offers a variety of different features for its clients.
One of the biggest advantages of FXWPro is that it is regulated by CySEC. This means that it adheres to strict financial regulations, which gives traders peace of mind that their money is safe. Another plus point is that FXWPro offers a variety of different platforms for its clients to trade on, including MetaTrader 4 and WebTrader. This means that there is something for everyone, regardless of their experience level or preference.
In terms of instruments, FXWPro offers a good selection, with over 50 currency pairs available to trade. This should be more than enough for most traders. However, one downside is that FXWPro does not offer any CFDs or other financial instruments beyond forex pairs.
Finally, let’s take a look at user ratings. Overall, reviewers seem to be happy with the service provided by FXWPro. The majority of complaints relate to customer support issues, but these seem to be resolved quickly by the broker. Overall, we would say that FXWPro is a good choice for those looking for a reliable
Conclusion
All in all, FXWPro is a reliable online trading platform that is suitable for both beginner and experienced traders. The company is fully regulated by the top financial authorities and offers a wide range of tradable assets, including currency pairs, stocks, indices, commodities and cryptocurrencies. The user-friendly interface and innovative features make it easy to trade on the go, while the competitive spreads and fast execution speeds are an added bonus.