FxPro says that due to the high volumes of their clients’ trades, it can internally match a great deal of their order flow. This allows the company to minimize risk and costs without interfering with orders in any way. FxPro does not seem to offer any discounts for higher-volume traders on the couple commission types it does charge. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. The MetaTrader platforms support algorithmic trading through Expert Advisors (EAs) and offer copy trading services, allowing traders to follow and copy the strategies of experienced traders. Additionally, FXPro provides its own web trader and app for traders’ convenience and seamless trading experiences.
What is the maximum leverage offered by FxPro?
FxPro’s trading platforms and tools are comprehensive and highly recommended for traders seeking versatility and advanced technology. The offering includes MetaTrader 4, MetaTrader 5, cTrader, and a proprietary platform, all of which provide a robust trading experience. Moreover, FxPro offers instrument-specific insights, which offer a deeper understanding of factors influencing the price movements of different assets.
Once you log in you have $500,000 in virtual cash to play around with. You can download various demo platforms, including MT4, MT5 and cTrader. A margin call may also be issued if you do not maintain sufficient capital in your live account.
cTrader
- FxPro’s research and insights tools are above average for the industry.
- Plenty of fresh research and analysis updated several times during each trading day makes the FxPro Market news section a quality read during a trading break.
- It shows the ‘currency movers’ which shows the movement of different currencies.
- In October 2021, FxPro greatly expanded its CFD offerings to list over 2,000 different opportunities for CFD trading, including popular assets in Asia, Africa, Europe, and the United States.
- Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
The Fundamental Analysis and the Technical Analysis sections follow the same format, are split into Beginner and Advanced and come with cards as well as videos. The progress bars give traders an idea of where they are on their educational path. FxPro has always been a keen supporter of transparency and fairness in the Forex industry, and it has made every effort to eradicate conflicts of interest between broker and client. The Traders Dashboard within the client portal shows the top currency movers over set time periods and can be a valuable source of trading ideas. FxPro provides flexibility in its range of payment methods, which include bank wire, credit card, digital wallet, crypto, and local transfer methods. Deposits and withdrawals at FxPro are processed relatively fast, and no fees are charged.
FxPro provides a comprehensive trading experience characterized by user-friendly features, competitive spreads, and an extensive array of assets. Although there is room for improvement in their educational resources, FxPro’s strengths position it as a viable option for traders in search of a versatile trading environment. Before deciding, it’s advisable to conduct thorough research to ensure that the broker’s offerings align with your specific goals and preferences. FxPro’s focus on user satisfaction and commitment to transparency make it a noteworthy broker to consider in your trading journey.
When choosing a broker, trust and safety are paramount considerations. In this section, we delve into FxPro’s commitment to trustworthiness, regulatory compliance, fraud prevention, and the security of client funds. People who write reviews xcritical have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Streamlined and User-Friendly
Founded in 2006, FxPro has executed more than 600 million orders since its inception and has serviced 1.8 million clients in over 173 countries. The FxPro brand holds regulatory licenses in the United Kingdom under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, as well as xcritical in South Africa, the Bahamas, and Seychelles. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Popular features like one-click trading and trading from the chart are available. The app also has an economic calendar, allowing users to stay on top of key fundamental data. When checking account security, I verified that 2-factor authentication is available.
They have their trading app that is easy to use as well as the usual MT5, MT4 and cTrader (although they don’t offer TradingView). FxPro is an NDD forex broker regulated by the FCA, FSCA, SCB, and CySEC offering the choice of the MT 4, MT5, or cTrader. We check its range of CFDs with low EUR/USD spreads from 0.5 pips and strong customer support backed by strong FxPro reviews. FxPro generates its revenues from a combination of spreads and commissions. Commission-free EUR/USD spreads average 1.2 pips in the MT4 trading platform. Commission-based spreads average 0.2 pips in the cTrader platform for a $7.00 per round lot commission.