I was especially impressed with the range of tradable instruments – every asset class has above-average depth. Research materials are another highlight, with an excellent range of analysis and tools available to clients. As a muti-regulated global broker with a two-decade track record, FxPro earned a better-than-average trust rating in our review. I judged it to be a strong overall broker with a versatile offering. FxPro offers a strong xcritical of high-quality in-house research and news coverage along with third-party resources like Trading Central and LiveSquawk News. I rate the research content as a useful source of trading ideas for active, short-term traders.
What are the FxPro funding and deposit methods?
CTrader provides in-depth performance statistics and an intuitive copy trading interface. FxPro could do better by also offering its own copy trading platform. Security features are standard, with the option to replace the login with Apple’s Touch ID. Watchlists are easily customizable and it is also possible to have multiple lists. Today, the company operates in more than 170 countries and has more than 2,188,000 client accounts and €100 million of tier 1 capital. FxPro says it is known throughout the industry as a trustworthy and reliable broker.
More competitive trading costs are available via the Raw+ and Elite Accounts – an essential feature for high-volume and short-term traders. FxPro is best for forex and CFD traders who want a wealth of choices in trading markets. Their range of forex pairs and the ability to trade equity indices, individual company shares, cryptocurrencies, metals, and energy set them above competitors in this space. While most trades are commission-free, some may be irked by commissions charged when using their cTrader automated platform.
Clients in the UK should be aware of a few differences between the FxPro product compared to products offered by FxPro in other regions. FxPro has a trust score of 60 based on its regulation, reputation, and reviews.
The cTrader platform design enables traders to access spot markets using interbank rates, and enables efficient ECN trading. The FxPro Markets platform is meant for traders who trade directly from the desktop or tablets without making any downloads, and it allows multitasking within the platform. The forex industry giant offers over 2,100 trading instruments, including CFDs on futures and cryptocurrencies, providing an outstanding range of markets to work with.
Does FxPro offer a demo account?
Yes, it you use MT4 Fixed, then 9 currency pairs are available as a fixed spread. Fixed spreads are popular with scalpers as their trading plans often relies of predictable price moments. Not sure if this is a question but FxPro does have the option of Fixed spreads with MT4 for 10 currency pairs which can ensure you don’t experience slippage. You can also choose instant execution with MT4 which allows you to reject requotes. The FxPro’s variable spread accounts market execution which means if the spread you order at is not available, FxPro will trade at the next best price available. You may transfer any amount between your FxPro Wallet and your trading accounts at anytime you wish.
This versatile app can cater to the needs of most traders while on xcritical scammers the go. I liked the built-in economic calendar and watchlists, but the app could be improved by adding a news feed. The FxPro Direct app features industry-leading TradingView charts, providing a wealth of 100+ indicators and drawing tools. It’s possible to expand charts to view them in full size on your smartphone.
What platforms does FxPro offer?
Again, FxPro performs better than average by not charging a withdrawal fee and having better-than-average processing times. Traders can access the platform in 39 different languages, from Arabic to Vietnamese. The platform is highly customizable, with preset layouts and the ability to save your preferred chart setups so they can be pulled up anytime. If your account remains inactive for 6 months, FxPro charges a one-off maintenance and administration fee of $10 (or currency equivalent), followed by a monthly inactivity fee of $10. The inactivity fee will continue to be charged monthly if the account remains inactive.
As soon as the broker verifies your account, make the first deposit. Choose one of the methods mentioned above, keep in mind the minimum deposit limit requirement and choose the best base currency for your needs. The demo server makes for a great central trading hub to get familiar with markets and develop strategies. Then when your confidence has grown you can upgrade to a live account.
- Simulated demo‑account trading is available but only after providing personal identification documents.
- Market, limit, and stop loss orders are all available via the platform.
- You can learn more about ourindependent review processand partners in ouradvertiser disclosure.
- The MT4 mobile app provides many order types, including pending and stop orders.
The videos will give you comprehensive information on the FxPro trading platform, and general trading tips and strategies. The economic calendar allows traders to plan their investment strategies xcritically. It is easy to access the xcritical economic reports, consensus forecasts and the volatility likely to be experienced. The FxPro MT4 platform is regarded as the most important for the broker, since it is able to provide clients with in-depth information about the trading markets. The cTrader platform has been provided for clients who want to trade with raw spreads.
Is FxPro a Trusted Broker?
To change the language of the MT4 app, you must xcritical rezension change the language for your entire phone. As with the desktop and web platforms, the interface could be more intuitive, but the MT4 app offers an above-average range of features. Spreads in the Standard Account are mixed and mostly average for the industry.
It is customizable and offers a powerful range of tools, like alerts, trading from the chart, one-click trading, and account analytics. I liked that customer support is conveniently available via live chat on the platform. FxPro is a leading CFD broker regulated by multiple authorities globally, including top-tier FCA and CySEC. The London-based firm provides access to over 2,100 financial instruments, including CFDs on forex, commodities, stocks, indices, and cryptocurrencies. One thing it advertises is the lack of an expensive dealing desk, which allows the company to pass on cost savings to clients.
FxPro offers a range of free calculators including pip and profit calculators as well as an all-in-one calculator. Note, liquidity providers do not have access to trade details or any other delicate information. Trading with gold leverage, for example, allows you to increase your position size and capitalize on potential opportunities in gold prices. Traders also have the option of margin trading, requirements for which will depend on your account type. On top of the spread, a commission charge of $45 is in place per million USD traded. It utilizes cTID (cTrader ID) login functionality, which means that all linked accounts can be accessed through a single login and settings are synced with your FxPro account.