fxpro broker review

This account type is available for MetaTrader 4, MetaTrader 5, and cTrader platforms. The main features of this account are 30% discounts for commissions and spreads. Though to operate this account a user has to have at least a $50,000 balance, while all the other account types have a $100 minimum requirement.

What Is the Minimum Deposit for FxPro?

FxPro EdgeFxPro Edge is the latest update of the platforms range offered in FXPro. The main goal of the platform is to provide customers with access to Spread Betting, which is available for users from the UK. There is a certainly big number of instruments available in the platform, so it is competitive to its analogs, offered in FxPro. The platform is highly customizable and is web-based so as for other web platforms of the broker, there is no need to install anything on PC. On the platform, there is available a long range of instruments and asset classes, starting from the currency pairs to Brent oil and DAX. The platform is a very good choice for traders that do not have a developer’s background but still want to automate their trading.

What Can You Trade with FxPro?

FxPro is a well-rounded broker that can cater to a wide range of traders – from beginners to seasoned professionals. The broker has several trusted licenses from FCA and CySEC that add a certain level of security to the client’s funds. FxPro does not charge any additional fees for deposits but so may do the bank or the used payment system.

Does FxPro offer the MetaTrader Trading Platform?

A share, also known as stock, is a type of security that allows an investor to own a part of a company. Shares are traded on the equity markets, which are centralized stock exchanges that maintain central records of volume and price data, unlike Forex that trades over the counter. Following the standard practice of brokers, FxPro does not charge any deposit fees. From the table above, the spreads offered by FxPro MT4 Accounts are quite higher than those offered by the big names in the industry — for example, IC Markets, IG Markets, and Fusion Markets. Yes, FxPro ranks among the most trusted brokers, operational since 2006, compliant with four regulators, and home to over 2.1M traders.

fxpro broker review

FxPro also has an advanced education section for those who already know the basics. For more content, their YouTube channel also has a short educational playlist. FxPro also provides a glossary of CFD terms, which is not something every broker provides. That said, FxPro is a decent broker but https://traderoom.info/ you can find other brokers with better spreads. 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.

Account types and conditions

As an NDD forex broker, FxPro executes clients’ orders anonymously without any intervention in the exchange rates. NDD forex brokers guarantee that there are no requotes of prices and spreads are kept low. Additionally, besides having direct market access to the interbank market, there is no conflict of interest between the forex broker and the FX trader. It is mainly designed for spread betting, and it allows traders to trade hundreds of financial instruments across different asset classes — Forex, shares, spot metals, spot energies, and spot indices. The platform features an intuitive user interface, which is fully customizable, allowing users to tweak it to suit their preferences. The broker makes its proprietary trading platform available in desktop, web, and mobile versions.

Some of the topics covered are; financial markets, trading sessions, chart types, pips, lots, leverage, margin and CFDs. Other educational courses are; fundamental analysis, technical analysis, trading psychology, etc. There are a few video tutorials on how to register an account, verify profile, download trading platforms and fund accounts. Previously recorded seminars are available on the company’s YouTube channel. FxPro offers a compelling value proposition for both beginner and experienced traders. With its diverse range of instruments, competitive spreads and commissions, multiple platform options, and excellent customer support, FxPro makes trading forex readily accessible.

fxpro broker review

Within the client portal, traders with funded accounts can access analysis from third-party research provider Trading Central. FxPro shines in the research offering with high-quality in-house analysis and a range of proprietary and third-party tools. Materials can cater to both novice and advanced traders, and fresh content is added multiple times daily. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money.

Limitations include no hedging on MetaTrader 5 and ID requirement for demo account access. The mobile app is highly rated for its security, customizability, and real-time news updates, enhancing the trading experience on the go. We’re regarded as the go-to authority on broker reviews content because among other things we only investigate regulated forex brokers.

If you are primarily looking to trade forex, there should be enough instruments to keep you busy. You can always try the broker out with a free demo account to see if they can meet your needs. FxPro is a well-capitalised, trustworthy broker with a great variety of platform options, trade execution methods, and the ability to execute big orders https://traderoom.info/fxpro-overview/ for professional traders. They have some robust tools for market analysis including the brilliant Trading Central. Beginners are well looked after with a generous selection of educational content and free demo accounts. There are flexible account types (including fixed spreads) and convenient payment options for you to choose from.

fxpro broker review

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

  1. This account type is available for MetaTrader 4, MetaTrader 5, and cTrader platforms.
  2. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.
  3. I like how the website is translated into over 25 languages to cater to the international community.
  4. With the $100 minimum deposit and intuitive proprietary platform, FxPro is a good place for first-time traders to start.
  5. Besides the high-quality education material, FxPro is lacking in Webinar arrangements.
  6. Another unique feature is the FxPro Wallet – an innovative tool that makes it easier for clients to make deposits and withdrawals.

With the FxPro negative balance protection policy, clients can’t lose more than their initial deposit. FxPro clients are protected from any losses beyond their initial investment. FxPro enforces its negative balance protection policy across all its financial products (forex, CFDs, and spread betting). While the negative balance protection policy is more common to be enforced in Europe due to the ESMA rules, FxPro treats all of its clients the same regardless of their jurisdiction. FxPro has an award-winning customer support service available around the clock whenever the markets are open. In 2014, FxPro was named the Best Forex Customer Service Brand, Europe, by Global Brands Magazine.

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