FxPro Philippines

FxPro is a renowned forex broker that is also operating in the Philippines. Recognized globally for its top-notch services, FxPro broker provides Philippine traders with access to the global financial market. They offer a range of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. With FxPro, Filipino traders can trade a variety of financial instruments such as forex, futures, indices, shares, metals, and energies. The broker is highly regarded for its transparent pricing, fast execution speeds, advanced trading tools, and excellent customer support. FxPro is regulated by several international regulatory bodies, ensuring a secure and fair trading environment for its clients in the Philippines. We will learn more about the broker’s platform features, advantages, and more in this FxPro Philippines review.

FxPro Review Philippines

FxPro Account Types

FxPro offers a range of account types to cater to different trading needs. Each account type comes with its own set of features and benefits.

  • Standard Account: This is the most basic account type offered by FxPro. It is designed for traders who are new to the forex market or those who prefer trading with smaller amounts. The minimum deposit required to open a standard account is $100. It offers floating FX spreads starting from 1.2 pips, which are competitive in the forex market. Traders can execute their trades via the popular MetaTrader 4 or MetaTrader 5 platforms. Additionally, micro lot trading is available with this account type, which allows traders to trade in smaller increments and manage their risk effectively.
  • Raw+ Account: The Raw+ account is a step up from the standard account. It requires a minimum deposit of $1,000. This account type is designed for more experienced traders looking for a VIP trading experience. It offers zero spreads, which means traders can execute trades without paying any spread fees. Additionally, the Raw+ account charges a lower commission compared to other account types. Like the standard account, trades can be executed on the MetaTrader 4 or MetaTrader 5 platforms.
  • Elite Account: The Elite account is the top-tier account offered by FxPro. It caters to professional traders and requires a minimum deposit of $30,000. Like the Raw+ account, it offers zero spreads and low commissions. However, one unique feature of the Elite account is that traders can earn rebates of up to 21% of their commissions. This can result in significant cost savings for high-volume traders. The Elite account also supports trading on the MetaTrader 4 and MetaTrader 5 platforms.

FxPro Demo Account

The FxPro Demo Account offers a plethora of features designed to cater to Filipino traders. It provides real-time pricing, allowing users to make informed trading decisions based on the most recent market rates. With 8 base currencies to choose from, it offers a global trading experience. The demo account comes with up to 100k in virtual funds, allowing users to practice and refine their trading strategies without any financial risk. Users can conveniently top-up their accounts via FxPro Direct, ensuring seamless and uninterrupted trading. The FxPro Demo Account is available across all platforms, ensuring accessibility and ease of use for all users. With a life span of 180 days, it provides ample time for users to familiarize themselves with the platform and develop their trading skills.

FxPro PAMM Account

FxPro offers PAMM (Percentage Allocation Management Module) Accounts on both MT4 and MT5 platforms, allowing fund managers the ability to manage multiple accounts from a single interface. This system empowers fund managers with easy client management tools, and flexible allocation methods, enabling them to earn from trading activities. Furthermore, FxPro PAMM accounts do not require any plugins, simplifying the setup process. The platform also includes various risk management tools that help to safeguard against market volatility and potential losses. In addition, it provides trading flexibility, allowing users to trade a wide range of instruments. To support growth, FxPro also offers marketing support to help managers attract more clients to their PAMM accounts.

Financial Assets Available at FxPro Philippines

FxPro is a trusted international forex broker that also has a presence in the Philippines. They offer a wide range of financial instruments for trading. Here’s a brief explanation of each type of instrument:

  • Forex: This is the exchange of one currency for another at an agreed price. FxPro offers a wide range of currency pairs for trading, including all the major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as several minor and exotic pairs.
  • Shares: FxPro offers contracts for difference (CFDs) on shares of various multinational corporations. This allows traders to speculate on the price movements of these shares without actually owning them.
  • Energy: This refers to trading in energy commodities like oil and gas. FxPro offers CFDs on these commodities, allowing traders to speculate on their price movements.
  • Crypto: Cryptocurrencies like Bitcoin, Ethereum, and Litecoin are also available for trading at FxPro. These digital assets are highly volatile and can offer significant profit opportunities for savvy traders.
  • Indices: These are a measure of the performance of a section of the stock market. FxPro offers CFDs on various global indices like the S&P 500, FTSE 100, and DAX 30.
  • Futures: These are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price. FxPro offers futures trading on various assets.
  • Metals: Trading in precious metals like gold, silver, and platinum is also available at FxPro. These assets can serve as a hedge against inflation and currency fluctuations.

In summary, FxPro provides a diverse range of financial instruments for trading, making it a good choice for traders in the Philippines looking for a versatile forex broker.

FxPro Trading Platforms

FxPro forex broker offers a range of advanced trading platforms to traders in the Philippines. This includes:

  • FxPro Mobile App: This is a mobile application developed by FxPro for traders who want to manage their trading accounts and trade on the go. It is designed with a user-friendly interface and provides real-time market updates. It is available for both Android and iOS devices.
  • MetaTrader 5 (FxPro MT5): This is one of the most advanced trading platforms available in the market today. It offers a host of features such as advanced charting tools, multiple order types, and the ability to trade directly from charts. It also has automated trading capabilities.
  • MetaTrader 4 (FxPro MT4): This is another popular trading platform offered by FxPro. It is known for its ease of use and wide range of tools and features. It is suitable for both beginner and experienced traders. It also supports automated trading and provides access to a wide range of markets.
  • cTrader: This is a powerful trading platform that offers a level of depth not seen in other platforms. It is designed for advanced traders and offers a range of sophisticated features such as level II pricing, detachable charts, and automated trading capabilities.
  • FxPro WebTrader: This is a web-based trading platform that does not require any downloads or installations. It is accessible from any device with an internet connection. It provides access to all the trading instruments offered by FxPro and allows users to manage their accounts and trades easily.
FxPro Philippines Trading Platforms

Trading Tools

FxPro Trader’s Tools are a set of tools offered by FxPro broker to assist traders in making informed decisions. The tools can range from economic calendars, financial news updates, real-time market data, and much more.

  • Trader Calculators: FxPro offers various types of calculators to help traders plan their trades more efficiently. These may include a pip calculator to determine the value per pip in your base currency, a margin calculator to determine the amount of funds needed to maintain open positions, and a profit calculator to calculate the potential profit or loss of a trade.
  • Technical Analysis: Traders use this method to forecast the future direction of prices by studying past market data. FxPro provides various charting tools and indicators to help traders conduct technical analysis. This can include tools for identifying trends, patterns, and volatility, among others.
  • FxPro VPS: VPS stands for Virtual Private Server. FxPro VPS is a service that allows traders to run their automated trading strategies on a cloud-based system that is available 24/7. This can be particularly useful for traders who use algorithmic trading systems or those who want to ensure their trades are executed even when their computer is turned off.

Fxpro Deposit Options in the Philippines

FxPro broker provides its users in the Philippines with various deposit options for their convenience. Here is a more detailed overview of these options:

  • Credit/Debit Cards: FxPro accepts deposits from all major credit and debit cards. This is one of the most common and convenient ways to fund your trading account. The process is straightforward and funds are usually available in your account almost instantly.
  • eWallets: For those who prefer to use digital wallets, FxPro supports many popular eWallets. This option is also a quick and easy way to deposit funds. Some of the eWallets supported by FxPro include PayPal, Neteller, and Skrill.
  • Bank Transfer: If you prefer to do it the traditional way or you’re dealing with larger sums of money, you can use a bank transfer. This might take a bit more time to process than the previous options, but it is a very secure way to transfer funds.
  • FxPro Wallet: This is a unique feature provided by FxPro to its clients. The FxPro Wallet allows you to keep your funds in one place, separate from your trading accounts. This means that your balance remains unaffected by any open positions you may have, and you can make instant deposits to your trading accounts at any time.

Before choosing your deposit method, it is important to check for any fees associated with the transaction. Some methods may incur fees while others are free of charge. Additionally, always ensure to follow the necessary security measures when making online transactions. The FxPro minimum deposit amount varies per account type.

    Fxpro Withdrawal Options

    FxPro online forex broker that has a strong presence in the Philippines. The broker offers several withdrawal options to Filipino traders to make the process as convenient as possible.

    • Credit/Debit Cards: One of the most common withdrawal methods is through credit or debit cards. This is a convenient method as most traders already have these cards. The minimum withdrawal amount using this method is usually around $100 but it could vary depending on the card type and issuing bank.
    • eWallets: FxPro also allows withdrawals through several popular eWallets. These digital wallets offer a quick and easy way to access your profits. The minimum withdrawal amount can vary depending on the eWallet service being used. Some of the eWallets accepted by FxPro include PayPal, Neteller, and Skrill.
    • Bank Transfer: If you prefer a more traditional method, FxPro also offers the option to withdraw your profits through a bank transfer. This method usually takes a bit longer compared to the others, but it’s a reliable and secure way to receive your funds. The minimum withdrawal amount for bank transfers is typically higher compared to the other methods.
    • FxPro Wallet: Lastly, FxPro also has its proprietary wallet where you can manage your funds. You can use this wallet to deposit or withdraw funds from your trading account. The FxPro Wallet allows you to keep your funds in one place, making it easier to manage your trading capital.

    It is always advised to check with FxPro’s support team for the latest information on withdrawal options and any fees associated with them, as these can change from time to time. The FxPro minimum withdrawal amount depends on the method chosen.

      FxPro Payment Methods Philippines

      Fxpro Philippines – Pro Conditions

      FxPro Pro Conditions is a package that provides a range of professional trading services to its users. Here’s a further explanation of each feature:

      • Low and Stable Spreads: The difference between the buying and selling price of a particular asset, known as the spread, is kept low. This means that traders can make transactions without worrying about fluctuating spreads that could potentially eat into their profits.
      • Low Stop-Limit Levels: The platform allows traders to set low stop-limit levels. This means you can limit your losses by setting a specific price at which your asset will be automatically sold if the market moves against your position.
      • Negative Balance Protection: This feature ensures that traders can never lose more money than what they have in their trading account. Even in the most volatile market conditions, your account will not go into negative, protecting you from additional financial liabilities.
      • Ultra-Fast Order Execution: In the world of trading, speed is everything. FxPro Pro Conditions guarantees ultra-fast order execution, ensuring that your orders are filled at the best possible prices without any significant delays.
      • Unparalleled Risk Management: The platform offers top-tier risk management tools to help traders minimize risk exposure. These tools could include various types of orders, real-time price alerts, and comprehensive market analysis.
      • Reliable and Secure: FxPro broker provides a secure trading environment. This means that your personal and financial data are protected with advanced security measures. Also, the platform is reliable, with minimal downtime, ensuring that you can trade whenever the market is open.

      These features collectively help traders execute their trading strategies effectively and efficiently while minimizing potential risks.

      Is FxPro Legal in the Philippines?

      FxPro, a prominent and popular Forex trading platform, is legally recognized and permitted to operate in the Philippines. This means that individuals and organizations based in the country can freely engage in Forex trading activities using this platform. The platform’s legality ensures that its operations are regulated and monitored according to the financial laws and regulations of the Philippines. This provides a level of security for Filipino traders, ensuring that their investments and transactions are protected under the law.

      Is FxPro safe in the Philippines?

      FxPro, a reliable and secure trading platform in the Philippines, is internationally recognized and regulated by top-tier financial authorities. It adheres strictly to the highest standards of transparency and accountability. The platform’s advanced technology offers a smooth trading experience with various financial instruments. FxPro takes robust security measures, including data encryption, secure payment options, and a stringent privacy policy. With outstanding customer service and an easy-to-use interface, FxPro stands as a safe and effective trading choice for the Philippines.

      FxPro Philippines Review – Conclusion

      In conclusion, FxPro has made a significant impact in the Philippines as a reliable and efficient online forex broker. Its advanced trading platforms, extensive educational resources, and excellent customer support have made it a top choice for Filipino traders. FxPro’s commitment to transparency and regulatory compliance, as well as its competitive pricing and execution speeds, have earned it a strong reputation in the country’s forex trading community. Thus, FxPro broker has proven itself to be not just a global leader in online trading but also a trusted partner for traders in the Philippines.