FxPro Forex Review UAE

Established in 2006, with its headquarters in London, U.K., FxPro is a worldwide forex broker providing online trading services for a variety of financial instruments. It equips its clients with sophisticated trading tools, extensive market analysis, educational materials, and top-notch customer support. Catering to over 170 countries, it offers support in multiple languages to accommodate its global customer base’s needs. In this FxPro review in UAE, we will learn about the platforms features, advantages, and what it offers to its clients in the UAE.

FxPro forex broker has extended its services in the United Arab Emirates. It offers trading services to both individual and institutional clients. Established to provide a high-level trading experience, FxPro provides access to a wide range of financial markets, including forex, futures, indices, shares, metals, and energies. It is known for its advanced trading platforms, competitive pricing, and superior order execution. FxPro’s operations in UAE adhere to strict regulatory standards, ensuring a secure and transparent trading environment for its clients. With its robust technology infrastructure and customer-centric approach, FxPro remains a preferred choice for traders in the UAE.

Check out our Binary Options Trading in UAE review here.

FxPro UAE Account Types

• The Standard Account caters to varying trading styles and preferences. It allows for trading with floating FX Spreads starting from 1.2 pips on MT4/MT5 platforms and provides micro lot options. A minimum deposit of $100 is required to open this account.
• The Pro Account lets you trade forex on MetaTrader 4 with low spreads beginning at 0.6 pips, with a minimum deposit of $1000.
• The Raw+ Account offers VIP benefits like zero spreads for most of the trading day and a low commission of up to 3.5 USD per lot per side on MT4/MT5 platforms. A minimum deposit of $1000 is required to open this account.
• The Elite Account allows for trading with zero spreads for most of the day and a low commission capped at $3.5 per lot per side. It also offers the possibility of getting up to 21% of your commissions. This account is available on MT4/MT5 platforms and requires a minimum deposit of $30k.

FxPro Demo Account

FxPro broker offers a demo account for users in the United Arab Emirates (UAE). This demo account allows potential traders to practice and understand forex trading without risking any real money. It provides a simulated trading environment with real-time market conditions, where users can test their trading strategies, learn how to use FxPro’s platform, and get familiar with the world of forex trading. FxPro FREE demo account UAE is an excellent tool for novice and experienced traders to enhance their trading skills and knowledge.

FxPro Islamic Account

FxPro Islamic Account UAE is a specialized trading account designed to cater to the needs of Muslim traders in the United Arab Emirates. This account is fully compliant with the principles of Islamic finance, adhering to the Sharia law that prohibits the collection or payment of interest (Riba). The FxPro Islamic Account, also known as a swap-free account, allows traders to engage in forex trading, CFDs, futures, and other financial instruments without incurring swap or rollover charges on overnight positions. It provides a platform for traders to pursue trading strategies while respecting their religious beliefs. FxPro forex ensures transparency, ethical trading, and exceptional execution to provide a fair and reliable trading environment.

FxPro Review UAE – Tradeable Instruments

• Forex – Trade in 70 different types of currencies – major, minor, and exotic. The Forex market is the largest and most active financial market globally, and FxPro offers favorable trading conditions for this market.
• Commodities – In addition to Forex, FxPro also offers the ability to trade futures contracts for a variety of commodities, including agricultural products like wheat, corn, and soybeans, energy resources like crude oil and natural gas, and indices.
• Indices – For those interested in trading indices, FxPro allows clients to trade CFDs on major and minor indices from various countries, including the US, UK, Japan, and more. These indices represent the performance of the world’s most influential economies and can be traded as Spot or Future contracts.
  
• Shares – Traders can buy and sell shares from public companies across the US, UK, and EU markets, which provides an opportunity to diversify and grow their portfolios.
• Metals – FxPro offers metal commodities such as Gold, Silver, and Platinum. These assets are often viewed as safe havens and can assist with risk management.
• Energies – In the energy sector, FxPro provides the opportunity to buy and sell UK & US Crude Oil & Natural Gas Spots and Future contracts. These markets are known for their large fluctuations and market scale, which can offer significant profit potential.
• Cryptocurrencies – FxPro also caters to the growing cryptocurrency market, offering the ability to trade Bitcoin, Ethereum, Doge, Tether, and other crypto and altcoin CFDs.
• CFDs – Lastly, FxPro offers Contracts for Difference (CFDs), allowing traders to speculate on the price changes of various assets. This includes Forex, Shares, Futures, Spot Indices, Spot Metals, and Spot Energy. One of the benefits of trading CFDs is that traders do not have to own the assets, which can present numerous opportunities for profit.

Trading Platforms

FxPro Web Version

Mobile App

MetaTrader 4

MetaTrader 5

FxPro MT5 (MetaTrader 5) UAE builds on the high standards set by its predecessor. It provides all the necessary tools for easy navigation of the financial markets and can be tailored to fit your unique trading style.

• With advanced features for developing Expert Advisors (EAs), as well as the MT5 Trading Central Tools, which offer exclusive technical analysis indicators from Trading Central, you can easily identify new trading opportunities and optimize your entry and exit timings. In addition, these tools provide a summary of Trading Central’s preferred direction, target levels, and alternative scenarios based on support and pivot lines.
• Automated trading can be achieved through MetaEditor, Strategy Tester, and FxPro VPS.
• The FxPro MT5 App, compatible with iOS and Android, allows for trading on the go, adding convenience and flexibility.
• Finally, the MT5 webtrader platform now includes advanced financial trading functions and top-notch tools for technical and fundamental analysis, ensuring a smoother trading experience than ever before.

cTrader

The FxPro cTrader platform is available in the UAE and offers advanced technical features and the convenience of cTID (cTrader ID) login functionality. This allows you to access all your connected accounts with a single login and synchronize your settings across them. You can get cTrader for free today and enjoy its numerous benefits when used with the FxPro cTrader account.

• You can also trade automatically on cTrader with cTrader Automate and FxPro VPS.
• The platform is mobile-friendly, with an intuitive user interface and superior charting features for iOS and Android devices.
• For browser or Mac users, the cTrader web platform is a robust solution, offering the same advanced capabilities as the desktop platform, except for cTrader Automate. You can access your account from anywhere, at any time without needing to install any software.
• The platform also enhances your trading experience with chart targets from cTrader Trading Central, helping you identify new trade opportunities, optimize your entry/exit timings, and provide immediate insights on Trading Central’s recommended direction based on unbiased technical analysis. Chart targets are a built-in feature across all cTrader platform types.

FxPro UAE – Trading TOols

FxPro Trading Tools are advanced tools that help traders make informed decisions. They provide real-time data, market news, technical analysis charts, and more.

• Trader’s Dashboard: This FxPro feature gives a market overview. It shows data such as current prices, trading volumes, and more.
• FxPro Calculators: These calculators help traders do quick and accurate calculations for their trades. They can calculate trading parameters such as margin, pip value, swap, and more.
• FxPro VPS: This is a Virtual Private Server that FxPro offers for traders who use automated trading systems. It ensures uninterrupted, secure, and fast execution of trades.

News & Analysis

This part offers traders the latest news and analysis related to the financial market, including economic events, market trends, and more.

• The Economic Calendar displays all upcoming economic events that may impact the financial markets, including the release of economic indicators, central bank meetings, and more.
• The Earnings Calendar reveals the dates companies will publish their earnings reports, assisting traders in planning their strategies around these critical events.
• The Market Holidays list shows all the public holidays when the financial markets are shut, allowing traders to plan their trading schedules accordingly.
• The FxPro Market News section offers the most current financial market news, covering market trends, economic events, and more.
• Technical Analysis by Trading Central is a service provided by a leading technical analysis provider, offering comprehensive technical analysis reports and predictions for various financial instruments.

FxPro Deposit Options in UAE

• Credit and Debit Cards: This is one of the most common deposit options available to UAE traders on FxPro. The processing time for deposits using credit or debit cards is usually instant. However, it may take up to a few hours depending on the bank.
• Bank Wire Transfer: This deposit option is also available for UAE traders. The processing time for bank wire transfers can take up to 3-5 business days. This is because the banks involved need to process the transfer, which can take some time.
• E-Wallets: FxPro also accepts deposits through e-wallets like PayPal, Neteller, and Skrill. These deposit options are often processed instantly. However, it can take up to a few hours for the funds to be reflected in your trading account.
• FasaPay: This is an online payment gateway that is accepted by FxPro for deposits. The processing time for FasaPay deposits is typically instant.
• UnionPay: This is a Chinese payment method that is also accepted by FxPro. The processing time for UnionPay deposits is usually instant or up to a few hours.
• WebMoney: This is an online payment settlement system. The processing time for WebMoney deposits is typically instant.

Please note that while these are the most common deposit options available to UAE traders on FxPro, the availability of these options may vary depending on the regulations in the UAE. The FxPro minimum deposit varies per account type. Also, the processing times mentioned are approximate and may vary depending on various factors. It’s always best to check with FxPro for the most accurate and up-to-date information.

FxPro Withdrawal Options in UAE

FxPro, an online trading platform, offers various withdrawal options for its UAE clients to access their trading profits. These include:

• Bank Wire Transfer: A popular method that involves transferring money from your FxPro account to your bank account. It may take several business days and may incur a small processing fee.
• Credit/Debit Card: This method enables you to withdraw funds directly to the card used to fund your account. It is a quick and convenient method but may have certain limits depending on your card provider.
• Digital Wallets: FxPro account supports several digital wallets, including PayPal, Skrill, Neteller, and UnionPay, for withdrawals. These options provide a fast and secure way to access your funds, usually within 24 hours.
• FxPro MasterCard: If you have an FxPro MasterCard, you can directly withdraw your funds to your card and then use it to make purchases or withdraw cash from ATMs worldwide.
• Internal Transfer: Allows you to move funds between different FxPro accounts. This option is useful if you have multiple trading accounts with the broker.

Remember, each withdrawal method may have varying processing times, fees, and limits, so it’s crucial to verify the specifics and choose the method that best fits your needs. Also, note that the FxPro platform requires you to withdraw funds back to the original deposit source, as part of their anti-money laundering policy.

FxPro Minimum Withdrawal

The lowest allowable withdrawal amount on FxPro platform varies according to the chosen payment method by the user.

• A minimum of $100 is required for credit/debit card transactions,
• $500 for bank transfers,
• and $50 for e-wallet options like Skrill and Neteller.

To prevent transaction issues, customers are advised to verify these minimum limits before requesting a withdrawal.

Research and Education

FxPro broker provides a variety of educational materials for traders. These resources are designed to improve the trading abilities of traders at all levels, assist in market trend analysis, and guide in making informed trading decisions.

• Online Trading Courses: FxPro’s online courses provide insight into forex trading, technical analysis, risk management, and trading strategies.
• Webinars: Regularly scheduled webinars provide opportunities to hear from industry experts on current market trends, strategies, and trading techniques. Live interaction and question-asking are also possible during these sessions.
• E-books: A variety of e-books covering various trading topics are available, providing detailed knowledge on different aspects of trading.
• Video Tutorials: Video tutorials simplify complex trading concepts through visual explanation. Topics range from how to use the trading platform, and market analysis techniques, to advanced trading strategies.
• Articles and Market Analysis: Regularly published articles and market analysis reports from FxPro, written by experienced traders and market analysts, provide insight into the latest market trends and trading opportunities.
• Glossary: A comprehensive glossary is available to clarify the meaning of all technical terms used in forex and CFD trading.
• Economic Calendar: A useful tool to track significant economic events that can impact the financial markets.
• Customer Support: FxPro online trading platform offers multilingual customer support 24/5 to assist with any queries or issues.

FxPro UAE – Customer Support

FxPro, a respected online brokerage firm, offers a variety of customer support services in the UAE. If you have any questions or issues with your FxPro account, there are several ways to reach out to their customer support team.

• Live Chat Support: This feature allows you to instantly chat with a customer support representative, providing a fast and easy way to get answers to any questions or problems you may encounter.
• Email: You can email support@fxpro.com or info@fxpro.com for assistance with account management, technical problems, or general queries. Your concerns will be responded to promptly.
• Local Toll-Free Number: FxPro offers a local toll-free number. You can dial 08000 463 050 to speak directly with a customer support representative who can assist you with your needs.
• Mailing Address: If you need to send any documents or letters, you can mail them to FxPro’s headquarters in the UK. The address is FxPro UK HQ, 13-14 Basinghall Str., City of London, EC2V 5BQ, UK.

Is FxPro Legal in the UAE?

FxPro is legal in the United Arab Emirates (UAE). The company is fully regulated and authorized by several international financial authorities, ensuring that its operations adhere to strict regulatory standards. Residents in the UAE can therefore confidently invest and trade through FxPro’s platform, with the assurance of its legality and compliance with the UAE’s financial regulations. This provides traders with a secure and transparent trading environment.

FxPro UAE Advantages

• Wide Range of Trading Instruments: FxPro offers a broad range of trading instruments, including forex, futures, indices, shares, metals, and energies. This variety enables traders to diversify their portfolios and manage risk more effectively.
• Advanced Trading Platforms: The broker provides access to several advanced trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. These platforms offer various features like one-click trading, advanced charting tools, algorithmic trading, and customizable interfaces.
• Competitive Pricing: FxPro offers competitive spreads, low commissions, and no hidden fees. This transparency in pricing ensures that traders can maximize their profits.
• Excellent Customer Support: The customer support team is available 24/5 and can be reached via phone, email, and live chat. They offer support in several languages, which is beneficial for UAE traders who might not be fluent in English.
• Islamic Accounts: In a bid to cater to the needs of its Muslim traders in the UAE, FxPro forex offers Islamic forex accounts, also known as swap-free accounts. These accounts comply with Islamic Sharia law, which prohibits the accrual of interest.
• Educational Resources: These include webinars, tutorials, ebooks, and articles about forex trading. This is a significant advantage for new traders who are just starting their trading journey.
• High Execution Speed: FxPro forex broker boasts of ultra-high execution speed and low latency, ensuring that your trades are executed without delays.
• Negative Balance Protection: FxPro broker offers negative balance protection, which means that traders cannot lose more money than they have deposited in their accounts. This feature protects traders from potential losses during high market volatility.
• FxPro Wallet: This feature allows traders to keep their money in a vault, separate from their trading accounts. It provides an extra layer of security and makes fund management easier.

FxPro Review UAE – Conclusion

In conclusion, FxPro forex is a reliable and efficient Forex broker operating in the UAE. It offers a variety of trading options for investors and traders, making it a preferred choice for those involved in the Forex market. With its robust platform and excellent customer service, FxPro online trading platform continues to uphold its reputation as a leading Forex broker in the region.