XPro Markets Review

Overview

Have you ever wondered why financial trading is so difficult? The answer to this is quite simple, unawareness of traders. Many traders join the market without analysing the market, having good skills and knowledge. 

One of the essentials of this market know-how is brokers. A good and trustworthy broker makes trading convenient. But in the eagerness to trade many go for wrong brokers. 

The broker is well established in the market within a short period of time. Introduced in 2022 it has acquired a good name among traders. It offers various services, tools, research facility, is FSCA regulated and ensures excellent support for traders. 

Here, we have the XPro Markets review to help traders research and find out the offerings of the broker. So, let’s dive in and have a look at the details of XPro Markets. 

Details	XPro Markets
Official Website	www.xpromarkets.com
Established In	2022
Headquarters In	South Africa
Regulation	Financial Sector Conduct Authority (FSCA)
Ownership	Ukuchuma Services Ltd
Minimum Deposit	$250
Maximum Leverage	1:400
Trading Platforms	MetaTrader4 and WebTrader
Trading Instruments	Forex, Indices, Commodities, Shares and Cryptocurrencies
Demo Account	Available
US Clients	Not Allowed
Cryptocurrencies	BTC, BNB, XRP and ADA

What is XPro Markets?

XPro Markets is a young financial service providing company. It was founded in 2022 under the brand name of Ukuchuma Services Ltd. The broker is registered as a CFD broker as per its registration details. 

The aim of the brokerage firm is to meet the demands of traders from all levels. They can trade in more than 160 various CFDs. 

The CFDs could be from FX market, equities, indices, commodities and cryptocurrency futures. Besides, the facility of the broker of customised accounts is top-notch.  

To learn more about the broker and its unique services let’s have more information through the XPro Markets review. 

Is XPro Markets A Scam? Must-Read Before Trade

XPro Markets is not a scam but a legitimate financial broker. The website of the broker is operated by Ukuchuma Services(PTY) Ltd. It is a South African Investment firm. The registration number of the firm is 2020/735868/07. Also, the company has its registered office in Sandown Sandton Gauteng, South Africa. 

Besides, the broker is working under the rules of the company and it has regulation of the Financial Sector Conduct Authority (FSCA). Its FSP licence number is 32535. 

It ensures a secure environment for traders and their funds. The various services and high security features make sure traders have their data and funds safe. Thus, one can trust the brand and its services for smooth and successful trading.

Here, we have the documents that traders can access on the legal page of the broker’s website:

• Anti-money laundering policy
• Complaint procedure for clients
• Refund and cancellation policy  

XPro Review: Pros And Cons

Pros	Cons
Regulated broker	Does not allows US clients
Offers leverage	Fewer trading assets
Spreads start from 0.9 pips
Instant account opening
Latest technology to trade
Execution speed of 0.04 sec
News alerts
Demo account facility
CFDs on more than 250 assets
Zero fees and commission
Customised trading accounts

 

At XPro Markets traders can enjoy a range of trading services with regulation of FSCA authority. Also, traders have leverage facility of 1:400, spreads at the platform begin from 0.9 pips and the account opening process is simple. 

Other than this, users are provided with the latest technology, news alerts and demo account facility to learn and trade efficiently. They can access 250+ assets with the CFD option. 

Also, the trading fees and commissions on the trade are zero. Users can have customised trading accounts with great facilities. 

However, the broker does not provide services in the US and has less number of assets compared to other brokers.

Xpro Market Review 2023: Deposit Methods & Minimum Requirements 

XPro Market promises its clients with secure deposit methods. The minimum requirement at the brokers is $250 (EUR/USD/JPY). Traders can deposit the given currencies to trade online and make efficient transactions. 

Users of the platform are provided with the following methods to deposit their funds: 

• Credit/Debit cards
• Wire Transfers
• APMs

Traders have to sign up with the broker, open their trading accounts and then deposit funds through the deposit method that suits them. It makes trading quick and easy for online traders/investors. 

In addition, the commission on the trading or deposit of funds is zero from the broker’s side. 

How Can You Withdraw Funds?  

Withdrawal of funds is as simple and similar to deposit of funds at XPro Markets platform.

It could be $10 from EUR/USD/JPY for a Credit Card. The amount of withdrawal can be $100 EUR/USD/JPY for Wire Transfer. Whereas, traders that use e-wallets may withdraw any amount as long as it covers the fees. 

Traders can request the withdrawal of funds by logging in their trading account. They can then go to the deposit and withdraw tab and click on withdrawal. Traders can enter the withdrawal amount and use the payment method they find suitable.

It takes around 8 to 10 business days to process the withdrawal request of the client. However, it may also differ with the local bank account used. 

The company does not charge any withdrawal fee from their clients. This makes trading and withdrawal of funds much easier and convenient for traders. 

What Can Be Traded On XPro Markets?

Below we have the markets that traders can access at XPro Markets. Users can have six markets types to trade and have various instruments to trade online at the platform: 

Forex

Forex market trading is to buy and sell currencies. Traders can have CFDs with the currency pairs such as GBP, EUR, USD and 45 plus currency pairs. The commission on the trade is zero. 

Besides, it is a cross trading platform that works with PCs, web and smartphones. Traders can access the market anytime. 

Cryptocurrencies

Traders who wish to trade cryptos can have Bitcoin and 30 more cryptocurrencies to trade online. The platform does not charge any trading fees from the clients, traders can have the hottest cryptos such as Ethereum, Litecoin and many more. 

It provides CFD trading options with the coins. Traders can have access to the market 24 hours and enjoy zero trading commission. It also works with cross trading platforms such as PC, web and smartphones. 

Commodities

Trading in commodities is simple at the platform. As traders can have CFDs on oil, corn, sugar, energies and 20 more commodities. The commission on the trade is zero, cross trading platforms are available and accessibility of the market is 2 hours. 

These are along with the best margin options for the clients. 

Indices

Indices is trading in shares altogether through a market manager. At the platform traders can have CFDs for ASX100, DOW30 and 15 more indices. The commission on the trade is zero. 

Traders can access the market anytime they wish and enjoy cross platform trading. 

Metals

Metals are the precious products of trading. XPro Markets offers clients with gold, silver and other precious metals. The commission on the trade is zero with free deposits. 

Users can trade with cross trade platforms and have 24 hours market access. 

Shares

Trading in shares is buying and selling of major company shares online to make money. With the brokerage traders can have CFDs on Apple, Netflix and dozens of others shares to trade. 

The trade is cross-platform and does not charge any trading commission with free deposits. Access to the market is 24 hours a day. 

XPro Account Types?  

XPro Markets offers their traders with five trading account types. Traders can use these accounts to trade in the market and make efficient trades. 

Services

Details	Classic Account	Silver Account	Gold Account	Platinum Account	VIP Account
Instruments	All assets	All assets	All assets	All assets	All assets
Swap Discount	Not available	Available	Available	Available	Available
Margin	100%	100%	100%	100%	100%
Stop-Out	20%	20%	20%	20%	20%
Minimum Volume Per Trade	0.01	0.01	0.01	0.01	0.01
Maximum Volume Per Trade	50	50	50	50	50
Negative Balance Protection	Available	Available	Available	Available	Available
Free Support	Available	Available	Available	Available	Available
Free Trading Education	Available	Available	Available	Available	Available
Full Account Overview	No	No	Monthly	Monthly	Weekly
Dedicated Account Manager	No	No	Yes	Yes	Yes
Dedicated Senior Account Manager	No	No	No	No	Yes

Leverage Facility

Details	Classic	Silver	Gold	Platinum	VIP
FX	Upto 1:400	Upto 1:400	Upto 1:400	Upto 1:400	Upto 1:400
Silver and Gold (Metals)	Upto 1:200	Upto 1:200	Upto 1:200	Upto 1:200	Upto 1:200
Indices	Upto 1:200	Upto 1:200	Upto 1:200	Upto 1:200	Upto 1:200
Commodities	Upto 1:200	Upto 1:200	Upto 1:200	Upto 1:200	Upto 1:200
Stocks/Equities	Upto 1:5	Upto 1:5	Upto 1:5	Upto 1:5	Upto 1:5

Spreads Charges

Details	Classic	Silver	Gold	Platinum	VIP
EUR/USD	2.5	2.5	1.8	1.4	0.9
Gold	2.8	2.8	2.3	2	1.4
Crude Oil	2.8	2.8	2.3	2	1.4
DAX	$0.14	$0.14	$0.13	$0.12	$0.10

Traders can go through the comparison tables that give an analysis of the services, leverage and spreads that traders can enjoy with the different account types. Also, the information tells about the brokers in a proper way.

XPro Markets: Account Opening Process

To open an account with the broker trader have to follow the given steps: 

• Traders have to first visit the website of the broker and click on create an account tab on top right corner. (website: www.xpromarkets.com).

• Next, traders have a new window open in front of them on the screen. They have to complete the procedure of five steps to become a holder of a trading account at the brokers. Initial step is to provide some personal information such as name, email address, mobile number, create a password and tick mark on the declaration below. Then click on open an account tab. 

• Following this traders have to provide some information relating to their trade experience, income tax details, employment, licence and others. 
• After that traders fill a questionnaire. It has questions relating to trade to analyse the knowledge level of the trader. 
• In the second last step traders have to upload their documents such as licence copy, government identity card or address proof for verification purpose. 

• Once verified, traders then deposit funds in their trading account and begin trading using the services at the platform. 

Available Trading Platforms

At XPro Markets traders are offered two significant trading platforms, MetaTrader4 and WebTrader. These two are most used and preferred trading platforms in financial markets. 

WebTrader

WebTrader is an easy to reach trading advantage. Traders having stable internet connection can use the platform for smooth trading. It has the following benefits available for the traders online: 

• Intuitive design
• High speed execution 
• Cutting edge technologies 
• Set of tools 
• One click trading experience
• Traders can have full control of their trade
• Multiple chart layouts
• 350+ trading assets 
• Optimised search 
• Instant market updates 

MetaTrader4

MetaTrader4 has the download option for the clients. It works with Android and iOS softwares and is one of the best trading platforms of the market. Traders who like having multiple charts and making strategies with advanced tools can go for it. 

It provides:

• Indicators
• Expert advisors
• Charts
• Tools
• Time frames
• Trading strategies 
• User-friendly 

Xpro Markets Fees, Commissions & Spreads

 Withdrawal fees 

METHOD	APPLICABLE FEES
CREDIT CARD DEBIT CARD PREPAID CARD	3.5%
WIRE TRANSFER	30 USD/EUR/GBP
E-WALLETS	3.5%/2%

INACTIVITY FEES 

Inactivity Period	Monthly Trading Inactivity Fees
0 to 1 month	0
1 to 2 months	80 USD/EUR/GBP
2 to 6 months	120 USD/EUR/GBP
6 to 12 months	500 USD/EUR/GBP
Over 12 months	1000 USD/EUR/GBP

Educational And Research Resources

XPro Markets has the following educational and research tools available for their clients. They can use these to analyse markets, improve their market understanding and skills. 

• Trading Books to get knowledge on the financial markets and instruments to trade. E-books are available online for traders to refer. They can read the books online and improve their trading skills and knowledge. 

• Trading courses are offered to clients to help them explore the financial world. They can learn about the market, its various aspects through these courses. 

• Markets are available for clients to trade in various instruments and analyse the market to get exposure to the trading. 
• Economic calendars are offered for research. These have dates of important events that could impact the prices of instruments.

• Indicators and tools are research tools that support traders in analysing the market and price movements of the assets. For example, moving average, scalping, stop-out order and take profit. 

Customer Support

The team at XPro Markets is always ready to guide their clients. They have professional staff with good knowledge of the financial markets. To connect with the team traders have the following ways: 

• Live chat
• [email protected] 
• Contact numbers: +27870948672 and +27101573383
• Support form 

Conclusion

With the XPro Markets review traders can analyse the brokerage services of the XPro Markets in detail. It focuses in depth on the brokers regulation, licence to trade, available instruments, trading platforms and other range of facilities. 

The broker is efficient and has a great number of trading services. These support traders to make excellent trades and use the best of trading tools to make informed decisions. 

As per our research and analysis of the broker, it is an excellent trading platform with best of trading features and services. 

FAQ

1. What is the minimum deposit amount at XProMarkets?

           The minimum deposit amount at XPro Markets is $250. 

      2. How to trace past deposits and withdrawals?

          Traders can trace them by signing in their trading account, going to My Wallet and selecting the transaction history option. 

       3. How to check trading account balance?

           The trading  account balance is visible on the dashboard  once the trader logs in. It is on the top right corner and in the middle of the page. 

        4. What should I do if my TradeArea is out of order?

             Traders in such cases get in touch with the professional customer services team. They can use any medium such as email, contact numbers, live chat or support form. 

         5. How many markets are available to trade with the broker?

            Traders can have forex, shares, cryptocurrencies, metals, indices and commodities markets to trade in financial markets. 

         6. What is the minimum spread charge at the platform?

              Spreads at the platform begin from 0.9 pip at the XPro Markets. 

         7. What is the maximum leverage available at the platform?

             The maximum leverage at the platform is 1:400. Traders can use it carefully for successful trading and profit earning. 

FAQs