By partnering with a trustworthy broker like FxPro, you can enjoy peace of mind and focus on your trading activities.If FxPro violate any regulatory rules their regulated status could be stripped. If you qualify for a professional account, you will also get the following benefits Negative Balance Protection, which is significant because most other brokers don’t offer this with professional accounts. This can be useful given you are trading with High Leverage Forex Brokers. Professional traders will, however, lose access to the Financial Services Compensation Scheme. FxPro is a fast-performing broker since traders need less than 12 milliseconds to execute orders.
Raw Account Spreads
The MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move. All have a typical 100 USD minimum deposit (or equivalent) and have segregated client money and negative balance protection. FxPro’s range of financial instruments is broad compared to other brokers, including a large range of share CFDs and Forex pairs.
Desktop Trading Platform
A comprehensive range of CFDs is available, from major forex pairs and metals to shares, indices, energies, and cryptocurrencies. Aside from the advantages as explained before, FxPro has a high minimum deposit. Also, there are not many types of payment and withdrawal methods available at FxPro. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.
If you want to make profits, you must trade with a brokerage service that aligns with your investing goals. Within the fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment online broker could help you in minimising any potential losses and maximising any profits. It’s crucial that you learn about any broker until you trust them with your money. CFDs and Spread Betting are complex instruments and come with a high risk of losing money rapidly due to leverage. The broker has superior trading tools, including analytical and research ones, which are at their best.
- We want to ensure you have all the knowledge necessary to use the FxPro trading tools confidently, from depositing and withdrawing funds to executing trades.
- It’s worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of FxPro trades.
- The ability to trade via desktop, mobile, or web ensures I can stay connected to the markets wherever I am.
- Of course, this amount would be lower depending on the leverage you apply.
The Trustpilot Experience
Our broker reviews are reader supported and we may receive payment when you click on a partner site. TradingFinder.com offers information for educational purposes only and is not responsible for any financial losses or decisions made based on its content. We may earn revenue through advertising, partnerships, or product sales, but this does not affect our independence or transparency. Trading involves risk, and past performance does not guarantee future results. I’ve tested several brokers before, but FxPro stands out for its reliability and consistent performance.
MT4 Instant & MT4 Fixed account of FxPro
For example, spreads on the Standard account start from 1.4 pips, while the Raw+ account offers spreads from 0.0 pips with a commission. While FxPro does not directly offer social or copy trading, traders can use third-party services that integrate with its platforms for copy trading strategies. Yes, FxPro offers Islamic (swap-free) accounts that comply with Sharia law. These accounts are available upon request and are designed for traders who wish to avoid overnight swap charges. Indian traders can access FxPro’s services and platforms, although they should verify local regulations before trading.
It is your responsibility to monitor the status of your account(s) and to take actions that you deem necessary. The maximum amount of virtual funds you can open your account with is 100k of the account currency and there are 8 account currencies to choose from. Demo trading can be very beneficial for both experienced and novice traders. Novice traders get used to trading platforms and learn essential skills without risking actual money. Whereas professionals test and backtest their strategies in a safe environment.
FxPro’s Trading Instruments
Stop-loss orders are especially important for FxPro traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an FxPro trader should use a stop-loss order can vary depending on the specific trade and market conditions. Stop-loss orders are a popular risk management tool traders use on platforms such as FxPro . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position. Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider
Its videos cover topics such as Trade Habits, Currency Pairs, and Market Players. FxPro provides a limited selection of education and market analysis compared to other similar brokers, but it offers a good demo account. FxPro’s deposit and withdrawal fees are low compared to other brokers, though FxPro charges a fee on certain withdrawal methods if no trading has occurred. With over 800,000 clients across the world, FxPro is known for its fast no-dealing desk execution, flexible trading conditions, and excellent client support.
As mentioned above, if you are a large volume trader you will want to try the FxPro VIP account. This typically comes with a high deposit amount of $30,000 or more in 2 months but can allow access to discounts of as much as 30% on market spreads and cTrader commissions. The starting spread of 0 pips on their cTrader account is very low, and the commission charged is $7 per lot for a round-turn trade which is in line with the other top brokers. Some of the difficulties at FxPro you will note that their education section is very limited.
Before you trade, AskTraders.
Moreover, FxPro enhances user flexibility by providing its own web trader and app, ensuring https://traderoom.info/fxpro-overview/ traders can access their accounts conveniently from various devices. These account types provide traders with flexibility in terms of trading platforms, minimum deposits, spreads, and available assets. Negative balance protection is important for traders using leverage on platforms like FxPro. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance.
- FxPro ranks among the leading Forex brokers offering deep liquidity, fast NDD order, and competitive trading costs in its commission-based cTrader account.
- However, I am limited to debit/credit card and bank transfers for my GBP base account.
- Payment options include wire transfers, credit/debit cards, PayPal, Skrill, and Neteller.
- The bases established by FxPro to provide customer service to its customers are spread across 22 different countries, and you can request a call from them for any support on a 24/5 basis.
FxPro Phone Support
CTrader is a modern-looking software, with a slick and user-friendly interface. The platform offers more tools and timeframes than MetaTrader’s software and it’s easier to calculate trading sizes. MetaTrader 4 and 5 are super reliable and both platforms are well-established as MT4 was developed in 2005 and MT5 was released 5 years later.