Forex Broker

FX Pro

A popular Forex broker that many traders have used over the years is FX Pro. Situated in Cypress, this is one of the more reputable brokers out there for you to choose from. Here are a few things that you can expect when you open an account with FX Pro.

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Overall Rating: 10/10

Safety of Funds: 9/10

Customer Service: 10/10

Convenience: 10/10

Tools: 10/10

Execution: 10/10

Minimum Account Size: $500

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FX Pro Review

FX Pro is a broker that really has a lot going for it. They're located in Cypress and they are regulated by the CYSEC. Their customer service is really good and you can generally get an account up and running within the same day.

You can even open an account with as little as $500. Just for your sake, it would probably be better for you to open a larger account so that you have enough room to make a trade, but if you want, you have the option to open the $500 account. You can even open a trading account in five different currencies, which should accommodate most traders, regardless of where they are from.

Execution and Spread

One of the nice features of this broker is that they have great execution. You can get your trades placed very quickly. This broker is a market maker so they do not actually put your order out into the market, but they simply take the opposite position of your trade. They also have five digit quotes, which helps your execution and can give you more trades when you use an expert advisor.

Another nice thing that FX Pro has going for it is that it has very competitive spreads. The Forex spread is one of the most important things that you can take into consideration when choosing a broker and they have some of the best spreads around. For example, on the EUR/GBP pair, you can get spreads as low as .5 pips.

Leverage and Lots

With FX Pro, you can also get some of the highest leverage available in the market. They let you choose your leverage and you can pick leverage anywhere from 1:1 up to 500:1. This allows you to leverage your smaller account balances and potentially make more money. You can also control your risk and trade lots as small as .1.

The Verdict

When you need a solid broker that has great spreads, FX Pro should definitely be one for you to consider. They have been around for a long time and they are considered to be safe when it comes to putting your money in an account with them. If you're looking for a broker, check them out.

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