XPro Markets-Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in South Africa, XPro Markets presents itself an CFD brokers, offering clients series of trading instruments, such as Forex, Stocks & Indices, Cryptos through the advanced MT4 trading platform. With the XPro Markets platform, four trading accounts are available, and 24 x 7 customer support is at hand to solve your problems.

Is XPro Markets safe to trade with？

XPro Markets is the trading name operated by UKUCHUMA FINANCIAL SERVICES (PTY) LTD a South Africa Investment Firm, authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP License Number 32535. UKUCHUMA FINANCIAL SERVICES (PTY) LTD registration number is 2020 / 735868 / 07 with a registered address at Office 1-14 1ST Floor Workshop17, 138 West Street, Sandown Sandton Gauteng 2196, South Africa.

However, please note the license authorized is “Finance Service Corporate” instead of some Retail Forex License like “Market Making” or “STP Broker”, which means its operation on CFD trading is beyond this authorization. Thats why its regulatory status on WikiFX is marked as “Exceed”. Besides, this broker receives a low score of 3.20/10.

If you decide to use a forex or CFD broker that is not strictly regulated, you should be aware of the risks you are taking.

Market Instruments

XPro Markets boasts that investors can get access to extensive range of trading CFDs in Forex, Stocks & Indices, Cryptos and commodities. There is a lot of leeway for investors to pick the market that works best for them or to diversify

their portfolios.

Account Types

Aside from demo accounts, live trading accounts at the XPro Markets platform come in four types including Classic, Silver, Gold and VIP accounts. All instruments can be traded with these four trading accounts, and some account features including Free Support, Free Trading Education, Educational Webinars are all applicable. However, some premium account services are designed exclusively for the Gold and the VIP accounts, such as Monthly and Weekly Full Account Overview, Dedicated Account Manager.

Margin Call: 100% Stop Out: 20%

Leverage

XPro Market allows traders to utilize leverage of up to 1:400, which is much above the levels considered appropriate by many regulators to protect retail traders. However, bear in mind that leverage can magnify your gains or losses by the same factor, so use it with caution. As the ratio of borrowed funds to available resources increases, so does the level of risk taken on by the investor.

Spreads & Commissions

When it comes to trading, the spread is set by the accounts you use. Simply put, the more money you have in your trading account, the lower your spreads will be.

Swap Fees

Each day, if you keep a position open overnight, you will be charged a swap cost. Since the costs associated with various assets are not constant, the following table should be consulted as necessary while developing a sound financial plan. It is important to know that costs are tripled on Wednesdays but waived on weekends.

Trading Platform

XPro Market offers its customers a choice between two trading platforms: MT4 and Webtrader. MT4 is one of the most widely used trading platforms worldwide, giving traders access to all the tools and resources they could possibly need on any device running Windows, Mac OS X, iOS, Android, or a web browser.

Deposit & Withdrawal

No details are given about the minimum deposit required. Deposits can be made to XPro Market with Visa, MasterCard, Wire Transfer, or APMs, but they are the only payment methods currently supported.

Educational Resources

XPro Market gives its clients access to some educational resources, such as Trading Central, Live Market Summary, Chart Analysis, Economic Calendar, Trading Ebook, and more.

Customer Support

XPro Market relies heavily on its Frequently Asked Questions section and chatbot to assist customers. The multilingual support staff is available via phone and email whenever the markets are open. Here are some contact details:

Telephone: +27870948672

Email: inquiries@xpromarkets.com

Or you can follow this brokerage on some social media platforms, like Facebook, Twitter, Youtube, Instagram, and Linkedin.

Risk Warning

Trading in complicated financial products like Contracts for Difference ('CFDs') carries substantial risks of loss of capital due to their speculative nature. Since CFDs are a leveraged instrument, you risk losing your entire investment if you trade them.

Please note the information contained in this article is for general information purposes only.