FxPro enforces its negative balance protection policy across all its financial products from forex to CFDs. 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 offers higher fees due to its higher commission levels and some uncompetitive spreads. The commission-based pricing is decent, but there are other good brokers out there offering lower commissions. FxPro charges $3.5 per side for each 1 standard lot traded or a $7 round-turn commission. This forex broker aggregates the price quotes from multiple liquidity providers (more than +12 LP) and gives forex traders the chance to trade against tier-1 liquidity providers.

How to delete FXPro Account?

FxPro generates its revenues through spreads, commissions and a monthly fee for their VPS service. 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. According to FxPro CEO, Charalambos Psimolophitis, “We provide our clients with not only superior educational resources and trading tools but also with a guarantee of their funds’ safety.

The platform has C# built-in support that allows developers to use this Top-5 language for their bots implementation. Moreover, for serious and professional traders there is available FIX API support that is being an industry-standard in finance and is widely used by banks. One of its main features is that it is available not only for Windows OS but for macOS users also. Being an absolute industry standard, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals are the most popular in FxPro.

The platform is a very good choice for traders that do not have a developer’s background but still want to automate their trading. FxPro offers a really wide range of trading platforms that is why every user will find the one that suits him more. We confirm, that the instruments list is fairly full in terms of offered asset classes and will be suitable for the majority of traders that want to have all the main symbols for trading in one place. Of course in our broker reviews exist companies that offer 3,500 or even 12,000 instruments these are more likely an exception rather than the rule. Hi there, We have asked for your details, but unfortunately you haven’t provided any information, so we cannot even confirm whether you hold an account with us.

Should You Day Trade With FxPro?

FxPro offers its clients a diverse range of market analysis services. Additionally, on the company’s official YouTube channel, you can find forecasts, market reviews, and helpful videos. The classic MetaTrader 4 platform is customized to meet the broker’s requirements. It’s available in a traditional version for PCs, a fast web version, and a mobile version for smartphones/tablets on iOS and Android. For managing multiple accounts at once, there’s the MT4 Multiterminal version.

• The broker firm has proven to be reliable and professional over the years it has been operating.
• To enhance security and transparency, FxPro ensures fund segregation, keeping client funds separate from operational funds.
• FxPro also offers a virtually-funded demo account, which beginners can use to test strategies before investing their real money.
• FxPro allows traders to trade on mobile devices through Android and iOS devices.
• This is a solid service and many new traders will make it a staple of their daily trading routine.

We’ve tested hundreds of Forex brokers to find the safest, low-cost, and reliable brokers. FxPro offers various calculators which help traders to calculate commissions, the margin required, https://traderoom.info/fxpro-overview/ and the total costs of their trades. Available on both Android and iOS, FxPro’s mobile platform support is excellent compared to other similar brokers.

Major pairs are the most liquid as they’re backed by strong economies. Many novice traders avoid exotic and minor pairs for this very reason. In addition, you can trade 55 minor Forex pairs such as AUD/NZD, EUR/HUF, USD/CZK, and others. Please note that not all of the trading platforms offered can support the full range of instruments. CFD trading is a great way to speculate in the markets short term.

Trading conditions rating90%

Novice traders and investors will also enjoy FxPro’s variety of learning tools to get them off to a good start. Moreover, their users have negative balance protection, so its customers will not lose more money than they have invested. FxPro is a broker with one of the best customer services, which also includes multilingual support 24 hours, 5 days a week.

By so doing, even if an unlikely event happens and your balance goes negative, you can contact the customer support team and they’ll turn the negative to 0. Moreover, FxPro offers instrument-specific insights, which offer a deeper understanding of factors influencing the price movements of different assets. Additionally, traders can access comparative analysis of user trading behaviors to gauge market sentiment and make more informed decisions.

Compare Trading Instruments

FxPro offers 4 account types, but the commission-free Standard account features expensive spreads averaging 1.5 pips or $15.00 per 1.0 standard round lot on the EUR/USD, GBP/USD, and USD/JPY. The Pro account lowers average costs by 50% to 1.0 pips or $10.00 per lot, but traders must deposit $1,000. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector.

• The MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts.
• Each trading platform comes with its own set of trading conditions.
• This fee is common among brokers, though it’s something to be aware of if you are not an active trader.

On the upside, cTrader software is user-friendly and loved by many traders. As the name suggests, you can only use MetaTrader 5 Software for trading from your PC when using this account type. MT5 is designed for multi-asset trading whereas MT4 was solely built for Forex. FxPro MT4 account type and MT4 Instant & MT4 Fixed have a lot in common. The only difference is that in addition to other assets, you can trade cryptocurrencies against USD as CFDs. As the name suggests, the account type offers MetaTrader 4 as its main platform and mobile and web versions of FxPro Edge and MT4.

You can only use MT4 and the FxPro web trading platforms to place orders using this account. As already mentioned, CFDs are perfect for speculating short term. But if you want to keep the coins for years, it’s better to purchase actual ones to avoid swap fees.

Beyond regular hours, FxPro extends their support, ensuring that traders’ queries are addressed even during non-standard times. They offer multi-channel support, with options like live chat, email, and phone support, providing flexibility based on traders’ preferences. Additionally, FxPro enriches the trading experience with supplementary information and tools, including a comprehensive FAQ section, educational resources, and market analysis reports. These measures demonstrate FxPro’s commitment to effectively supporting traders. FxPro offers a variety of unique features and tools aimed at improving traders’ decision-making processes and providing insights into market trends and trading practices.

Some accounts have variable spreads with no commissions, while others, like the cTrader account, offer raw spreads with commission fees. Additionally, the broker’s website features a comprehensive FAQ section and a knowledge base, covering a wide range of topics from account setup to trading strategies. These resources are particularly useful for new traders who may need extra guidance. The broker also offers a range of educational resources, including webinars, video tutorials, and market analysis, to help traders improve their skills and knowledge. This review will cover the essential features of FxPro, including its trading platforms, account types, customer service, and more, to help you decide if it is the right broker for your trading needs. Metatrader platforms MT4 and MT5 which are both offered, are often considered to be the gold standard when it comes to forex trading and CFD trading alike.

These features include push notifications, which keep traders updated in real-time about market events and news affecting their trading decisions. FxPro’s trading platforms are designed with user-friendliness in mind, ensuring both beginners and experienced traders can navigate and execute trades effortlessly. FxPro provides access to the commodities market, allowing traders to speculate on the price movements of raw materials such as gold, oil, and agricultural goods. FxPro facilitates currency trading by offering an array of currency pairs, including major, minor, and exotic pairs, catering to forex traders of all levels. For those interested in the exciting world of cryptocurrencies, FxPro provides the opportunity to trade various crypto pairs, including popular options like Bitcoin, Ethereum, and more. The range of tradable instruments offered by a broker is a crucial factor for traders seeking diverse investment opportunities.

Forex

If you’re trading with MetaTrader you can download them from the MQL community forum The platform is available for both Windows and Mac and Android and iOS on mobile. Traders usually prefer cTrader when they want real direct access to the market with lower spreads and faster execution models. Besides excellent knowledge, having the right trading station is critical to developing all that you have learned. In fact, it is a great broker for EAs thanks to its great account and spread flexibility.