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XPro Markets is a broker from South Africa, which provides a wide range of functionality for its clients, and at the same time is not very willing to disclose information about itself. According to the intermediary, it is absolutely legitimate to work for the benefit of its clients, using the best trading platforms and unlimited educational resources. Have we been lucky enough to finally meet an adequate partner? All in order in a new review.
The main thing about the broker
If we talk about xpromarkets.com in brief, we can emphasize such moments of its activity:
| Minimum deposit | 250 dollars. |
| Platform availability | Yes, based on MT4 |
| Leverage | 1:400 |
| Specifics of activity | Trading currency pairs and CFDs |
The official website of the broker looks mediocre, one can even say low-quality. Despite this, the resource supports 19 language versions, Russian-language, including.
Terms of trading with XPro Markets
As for trading, it is possible using the popular MetaTrader4 platform. It is not the newest, but still provides quality work for customers. A wide range of useful functions, the ability to trade automatically, charting tools and much more – all this describes this working environment.
As for leverage, XPro Markets, according to online reviews, offers a ratio of up to 1:400. Such levels of this instrument are generally considered too high and dangerous for retail traders, which is why many regulators limit leverage to levels well below 1:100.
XPro Markets says it is offering spreads from 2.5 pips on the EUR/USD currency pair. This is quite a high value, but in practice it turned out to be able to reach even more than 4 points:
Customer reviews state that xpromarkets.com has created 4 types of accounts for traders:
- Classic;
- Silver;
- Gold;
- VIP.
The minimum deposit on them is $250.
Legality of existence of XPro Markets
XPro Markets is a subsidiary of UKUCHUMA FINANCIAL SERVICES (PTY) LTD, a South African investment firm authorized and regulated by the local Financial Sector Supervisory Authority (FSCA). Because of the more lenient regulation in South Africa, brokers such as XPro Markets can take advantage of some terms and conditions that would not be possible for their counterparts in Europe or Australia, for example: high leverage or the ability to offer trading bonuses and other promotions.
This is why such intermediaries must also be licensed by regulators like the FCA, CySEC or ASIC.
Broker payment methods
The broker uses Visa and MasterCard, bank transfer and e-wallets such as Skrill and Neteller. Such a variety of payment methods should protect the firm’s client well from fraud.
Bottom line
As it turns out, XPro Markets is a perfectly legitimate broker from South Africa. Despite its legality, the trading conditions leave much to be desired. In addition, the minimum deposit of 250 dollars will seem an insurmountable amount for many traders. We advise you to look for a broker with more favorable trading conditions that minimize the main risks.
