fxpro Review crypto broker 2024

Our veredict

FxPro is a reputable broker offering a range of trading services, including cryptocurrency CFDs. It is well-regulated by top-tier financial authorities like the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). This ensures a secure trading environment, which is crucial for new and experienced traders alike. FxPro supports trading in major cryptocurrencies through CFDs, allowing users to speculate on price movements without owning the underlying assets. This feature is particularly beneficial for those looking for short-term trading opportunities and leverage.

However, FxPro does have its drawbacks. The platform does not support trading of physical cryptocurrencies, which may be a limitation for users who prefer to own the actual digital assets. Additionally, FxPro is not available to residents of the USA and Canada, which restricts access for traders in these regions. While FxPro excels in security and user support, the potential high fees for inactivity and the absence of physical crypto trading options could be significant downsides for some users.

Pros

Regulated by Multiple Authorities: FxPro is regulated by top-tier financial authorities such as the FCA and CySEC, ensuring a secure and trustworthy trading environment.
No Deposit Fees: FxPro does not charge any fees for deposits, making it cost-effective to fund your trading account.
Wide Range of Crypto CFDs: FxPro offers a broad selection of cryptocurrency CFDs, including Bitcoin, Ethereum, Litecoin, and Ripple, providing traders with diverse trading opportunities.

Cons

3,5

Threenvest Score

Fees

4/5

Regulated

FCA, CySEC

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At Threenvest, we are unwaveringly committed to providing you with unbiased ratings and information. Our editorial team operates independently, free from any advertising influence. We use meticulous, data-driven methodologies to evaluate financial products and companies, ensuring that all assessments are conducted on a level playing field.

To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose fxpro?

Choosing FxPro for cryptocurrency trading offers several advantages that cater to both novice and experienced traders. First, FxPro is highly regulated by reputable authorities such as the FCA and CySEC, ensuring a secure and trustworthy trading environment. This high level of regulation protects your funds and maintains the integrity of the platform.

Secondly, FxPro provides a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. These platforms are well-regarded for their advanced features, user-friendly interfaces, and comprehensive analytical tools. This allows traders to execute trades efficiently and make well-informed decisions based on real-time data and sophisticated charting options.

Lastly, FxPro’s strong focus on customer support and user experience makes it a reliable choice. The broker offers 24/5 customer service through various channels, ensuring that help is readily available whenever needed. Additionally, the platform’s extensive educational resources and demo accounts provide an excellent starting point for beginners to learn and practice trading without financial risk.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert on our site, I recommend FxPro for cryptocurrency trading due to its strong regulatory compliance and advanced trading platforms like MT4, MT5, and cTrader. The broker offers robust security measures, ensuring that your funds are safe, and provides excellent customer support available 24/5. For those looking to trade crypto CFDs with leverage, FxPro’s reliable and efficient platforms make it a solid choice.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.