Kenya Traders' FxPro FAQ: Questions Answered Briefly
Contents
What FxPro Is and Who Runs It
FxPro dates from 2006 and keeps its headquarters in London. The brand is operated by FxPro Group Limited and, according to FxPro, is privately owned and not publicly listed. Group offices are listed in South Africa, the UAE, the Bahamas and Cyprus, and clients are spread across more than 170 countries.
The site is independent of FxPro and built as an information and comparison resource for traders in Kenya; the broker does not run it. Where a detail is described by FxPro itself, the answer says so.
Accounts, Deposits and Payouts
Funding a live account starts at $100, and no deposit is needed for the demo. Spreads on Raw+ and cTrader begin at 0.0 pips, with a commission of $3.50 per lot per side ($7.00 round turn) added; Standard carries no commission and a spread from 1.2 pips. Leverage is listed at up to 1:200.
Cash is requested from the Withdrawal section of FxPro Direct once the account has been verified, and the amount cannot be larger than the free margin. Money normally goes back to the payment method used for the deposit; if that is not possible, an alternative is agreed with FxPro directly.
Platforms, Demo Trading and Automation
MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge and TradingView are the platforms FxPro runs. MT4 works on both Standard and Raw+ accounts, with desktop, browser and mobile versions, and Expert Advisors can run continuously on it. Windows gets a native desktop build, iOS and Android have dedicated apps, and Mac or browser users go through WebTrader.
Every platform has a demo funded with virtual money: nothing to pay and nothing to deposit, and FxPro describes it as unlimited. Expert Advisors work on the MT4 and MT5 demos, which lets a strategy be tested the way it would run live. An unused demo may in time be archived, so it is worth checking the current terms.
- MetaTrader 4 — demo mode funded with virtual money
- MetaTrader 5 — demo mode funded with virtual money
- cTrader — demo mode funded with virtual money
- FxPro Edge — demo mode funded with virtual money
- TradingView — demo mode funded with virtual money
Help and Access from Kenya
There is no FxPro branch in Kenya; traders here are served through the international operation, so contact happens inside the FxPro Direct account area or the FxPro app rather than at a local office.
FxPro describes its support as running 24/5, in multiple languages, while markets are open. Live chat in the account area usually gets a reply sooner, and email suits questions where documents need to be attached.
Questions and answers
- When did FxPro get started?
- FxPro dates from 2006, keeps its headquarters in London and works with clients in more than 170 countries.
- Is this site run by FxPro?
- No. The site is independent of the broker and acts as an information and comparison resource for traders in Kenya.
- Who operates FxPro?
- FxPro Group Limited operates the brand. According to FxPro it is privately owned and not publicly listed, with group offices in South Africa, the UAE, the Bahamas and Cyprus.
- What is the smallest deposit FxPro accepts?
- Live accounts start at $100, while the demo is funded without any deposit.
- How do Raw+ and Standard spreads differ?
- Raw+ and cTrader quote spreads from 0.0 pips plus a commission of $3.50 per lot per side ($7.00 round turn); Standard has no commission and a spread from 1.2 pips.
- Can I hold another account type as well?
- Yes. From FxPro Direct you can add an account of a different type whenever you choose.
- Is CFD trading risky?
- Yes. Because CFDs use leverage, a loss can be bigger than the margin first put up, which is why stop-loss orders and similar tools matter.
- Does FxPro have an office in Kenya?
- No. Traders in Kenya are served through the international operation, with contact handled via the FxPro app and the FxPro Direct account area, not a local branch.
- Does FxPro offer cTrader?
- Yes, alongside MetaTrader 4, MetaTrader 5 and FxPro Edge. cTrader uses raw spreads from 0.0 pips with a $3.50 per lot per side commission, and it runs on desktop, web and mobile.
- Is the demo free, and does it expire?
- It is free and funded with virtual money, and FxPro describes it as unlimited. A demo that is not used for a long time may eventually be archived, so check the current terms.
- How long does an FxPro withdrawal take?
- Payouts are usually processed within a business day. E-wallets such as Skrill, Neteller and PayPal normally land the same business day, cards usually within a business day, and international bank wires take 3–5 business days.
- Is the FxPro app free on iPhone and Android?
- Yes. Downloading costs nothing on iOS through the App Store or on Android through Google Play, though normal costs such as spreads and commissions still apply.