Ever since our establishment, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries – and we are still growing. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. The leverage available to you may differ depending upon your jurisdiction and the instrument/platform you are trading with. It is worth mentioning that the spot FX market is also an OTC market dominated by the large international banks.
Award-Winning NDD Execution
- All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
- However, there is an inactivity fee of $10 after six months of account dormancy.
- The latest version of MetaTrader offers more timeframes and limit stop orders.
FxPro competes among the top MetaTrader and cTrader brokers, featuring multiple account options, cost structures, and trading platforms. It provides its own proprietary FxPro Edge app, available for web and mobile, alongside access to the BnkPro app and Invest Web platform. However, it is worth noting that there are no cent accounts, which could be helpful for beginner traders wishing to trade in actual markets with minimal risks.
What security features are available on the App?
Swap is calculated by taking the difference between the respective interest rates in the currency pair being traded and adding FxPro’s commission fee for rolling over the position to the next trading day. Margin and leverage settings may vary between your demo and live account and you should not expect any success with the Demo Account to be replicated in your live trading. It performed better than average in almost every category of our review, reflecting its depth of experience over 25+ years. Licensed by multiple top-tier regulators and with a worldwide presence, FxPro earned a high trust rating in my review. Overall, I rate FxPro’s support as reliable and well-suited for both new and experienced traders.
If you already have a registered account with FxPro Direct Web, you can download our application for free from Google Play or AppStore and log in with the same details that you use for FxPro Direct Web. Please note that in order for the withdrawal to be successful, you should transfer your funds to your FxPro Wallet. Liquidity, in simple terms is the ability to trade (buy and sell) an instrument and is considered good when there are many market participants interested in Buying and Selling the instrument at any volume. The easier it is to sell or buy the instrument at any given volume, the better the liquidity.
The reason that in this example your profit is less by $20, is due to the fact that you have been charged a 2pips spread. Therefore, you will notice that trades start in a minus figure, as you need to cover the spread before you begin make profit. Now that we have explained how the stop out is applied, let’s see an example at which price you would be stopped out. This means that once your Equity falls to a value equal to 50% of your initial margin, stop out(s) will begin to occur. It can be attached to an order at the time of opening, or you can modify a position and add a take profit at a later time.
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Depositing from a card implies a commission of 1.6% and subsequent withdrawal to the same card of the total deposit amount – only after this will other withdrawal methods become available. To open an Islamic account with FxPro, you need to apply by email to the company’s back office at FxPro specialists will promptly process your request and help you set up the account according to your needs. The minimum position size for Forex trading is 0.01 of a standard lot (or 1000 of the base currency), with the minimum step also being 0.01 of a standard lot. The initial stage of opening an account with FxPro can be considered complete. But for full access to all the broker’s features, you must confirm your email and pass verification. However, FxPro has mechanisms in place to address these challenges promptly.
Opening an account with broker FxPro is relatively straightforward and structured. It provides Contract for Difference (CFD) trading services and caters to retail and institutional clients in over 170 countries worldwide. FxPro is an international broker regulated by the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and SCB (Bahamas). If it is deemed that you do not xcritically have the experience required, you can proceed with a demo account creation. Once you feel that you are ready and experienced enough to open a live account, and are fully aware of the risks involved, please contact us so we can reassess your suitability.
These accounts are perfect for beginners, offering a risk-free way to test strategies and get comfortable with the tools before diving into live trading. FxPro makes funding your account simple with various payment methods, including bank wire, credit/debit cards, e-wallets, cryptocurrency, and local transfer options. Deposits and withdrawals are processed quickly, and no fees are charged for transactions. The broker’s focus on regulation and security gives clients peace of mind, while its customer support and educational resources ensure that traders have the assistance and tools they need to succeed. FxPro’s copy-trading feature adds an extra layer of convenience for those wishing to follow experienced market participants and benefit from their expertise.
If you do not wish to make a large deposit in order to start your trading journey but still want to open a live account, going with the FxPro Standard account will be ideal. FxPro does not impose a minimum deposit requirement, although, in its FAQ section, the broker does recommend you start out with $1,000 in trading funds. In FX currency trading, fractional pricing allows us to offer tighter spreads and provide more accurate pricing. Unlike mobile-first brokers, FxPro adapted desktop functionality for mobile rather than building mobile-native. This shows in certain limitations like complex chart analysis or EA management, though basic trading needs are well served. FxPro generates revenue through spreads and commissions rather than auxiliary fees, maintaining straightforward cost structures.
- The broker provides clients with access to top-tier liquidity providers and offers fast trade execution with no dealing desk intervention.
- The up-to-date swap lists can be viewed at any time on our website in the instrument specifications or via the trading terminals.
- Clients who prefer to calculate their costs based on position size can opt for cTrader accounts, which provide raw spreads from 0.0 pips and a $3.50 round-turn commission per standard lot.
- An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- This account type allows FxPro users to take advantage of its 55+ technical indicators, user-friendly interface, and more.
- The platform rewards traders seeking comprehensive offerings over bargain pricing.
You may xcritical courses scam either click on the ‘Close Order’ button (with 1-click trading enabled) or double click on the order and close it from the dialog that appears. You will be able to fund your account once it gets verified to start trading with FxPro. We offer Trading Account currencies in EUR, USD, GBP, CHF, JPY, PLN, AUD and ZAR.
Updated multiple times daily, these insights help traders decode the driving forces behind market movements. FxPro’s customer support is available 24/5 via live chat (through website and messengers), phone, and email. During my testing, I experienced short wait times and found the support agents knowledgeable and attentive. Overall, my two-week experience was positive, and I rate FxPro’s support as above average compared to other brokers in the industry. CTrader Analyze is a powerful tool that helps traders monitor their trading activity with detailed insights into account profitability and performance stats. It provides metrics like the percentage of winning trades and breaks them down into long or short positions, offering valuable data to refine strategies and improve results.
The broker allows customers to trade 75 currency pairs, including majors, minors, and exotic pairs, with tight spreads and superior order execution. FxPro offers CFDs on eight asset classes, including forex, stocks, indices, futures, metals, cryptocurrencies, exchange-traded funds (ETFs), and energies. The range of available financial markets compares fairly well to other big brokers, such as OANDA and Fusion Markets. In addition to MT4 and MT5, the broker provides traders with the intuitive cTrader platform. It is a powerful trading platform with advanced built-in charting and trading tools to ensure speedy trade execution.
Scalpers, who are in and out of the market within seconds, can benefit from FxPro’s ultra-fast order execution and tools like depth-of-market (DOM) in cTrader and MetaTrader 5. When it comes to scalping CFD markets, FxPro provides optimal trading conditions. FxPro VIP Accounts are exclusive trading accounts for high net worth individuals who trade large volumes. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should scammed by xcritical consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The client’s funds are kept in major international banks and are fully segregated from the company’s own funds. If you want to compare FxPro with other forex brokers in more detail, go to the Forex Brokers Comparison page. The latest version of MetaTrader offers more timeframes and limit stop orders.