European customers also have similar protection of up to €20,000 under the Investor Compensation Fund from CySEC. Note, liquidity providers do not have access to trade details or any other delicate information. The founder, Denis Sukhotin, has worked hard to ensure user security remains a priority alongside global expansion. Importantly, funds must be withdrawn via the same method used to make the deposit. Trading with gold leverage, for example, allows you to increase your position size and capitalize on potential opportunities in gold prices. Traders also have the option of margin trading, requirements for which will depend on your account type.
There is also an inactivity fee should an account be left dormant for an extended period. In the past, the company has also sponsored Aston Villa, Watford FC and Virgin Racing F1. Furthermore, traders from the UK and the EEA are protected under the Financial Services Compensation Scheme (FSCS) and Investors Compensation scheme respectively. Based on most of the metrics by which you might measure the lxcriticalg curve for it, FxPro is better for those who are more advanced and experienced. Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure.
cTrader
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. As an NDD forex broker, FxPro executes clients’ orders anonymously without any intervention in the exchange rates.
Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, xcritical and a range of other important fee-based data points. The range of symbols available at FxPro will largely depend on your chosen trading platform.
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.
The FxPro Direct app features industry-leading TradingView charts, providing a wealth of 100+ indicators and drawing tools. It’s possible to expand charts to view them in full size on your smartphone. Charting on the platform is robust, with a wide range of chart types, time frames, indicators, and drawing tools. I tested the spreads at FxPro across various markets during the London open and after the New York open on 26 April 2024. At these times, the market is typically highly liquid with the tightest spreads. Copy trading is available via the cTrader platform, with a diverse range of strategy providers.
FxPro Main Features
FxPro’s trading platforms are designed with user-friendliness in mind, ensuring both beginners and experienced traders can navigate and execute trades effortlessly. FxPro caters to traders of all experience levels, making it an ideal choice for both beginners and seasoned investors. The broker’s ongoing commitment to user-centric features, a variety of account types, and innovative tools position it as a suitable option for a diverse range of traders. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
Spread Betting Account
FxPro brings all the trading tools and features of the desktop version directly to your mobile device. Additionally, this forex broker released its own branded account management tool called FxPro Direct App. FxPro’s research and insights tools are above average for the industry. Like many brokers, FxPro offers a macroeconomic calendar to track important releases that can impact markets. They also offer some basic daily fundamental research and work with Trading Central to offer technical analysis. Two areas where FxPro has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering.
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. Our team of industry experts also assessed the mobile trading Apps offered by FxPro.
Indices
It’s also possible to swing trade CFDs, as overnight xcritical website swap fees are not excessively high. The customer service is one of the best in town with a huge FAQ section with dozens of questions available in multiple languages. The professional customer support is available in 20 languages and there is even a live chat feature as well as a traditional email and call-back service. It offers over 200 tradable assets, but it is only available in the UK and Ireland. Metatrader is highly customizable and can be used for creating trading robots (EAs) coded in MQL. Metatrader platforms are very light, and they run basically on every device.
Professional traders will, however, lose access to the Financial Services Compensation Scheme. 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. FxPro offers its customer service in different languages catering to a global customer base. Our team of experts was able to validate 21 different languages at fxpro.com.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- 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.
- Along the way, the company has picked up over 85 prestigious international awards.
You can also choose instant execution with MT4 which allows you to reject requotes. The Help Center is equipped with a search feature where potential FxPro customers can type to search for the right information. The most interesting section is the Featured Articles, which tries to answer simple questions like how to open a live trading account and the most asked question.
Islamic accounts have a minimum deposit of $100 and since it is swap-free, FxPro may apply additional fees to your positions. The FxPro VIP Premium Accounts are offered to selected individuals with high deposits (typically $50k or equivalent) and those actively trading large volumes. VIP clients benefit from free VPS service and the possibility of decreased spreads/commissions. Those looking for the most direct market access and faster execution such as scalpers usually prefer to use the cTrader platform. With FXPro you will find a low starting spread from 0 pips but this is met by a relatively high commission of $9 per lot for a round-turn trade.
FxPro offers a swap-free Islamic account that adheres to the principles of Sharia law. 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. To conclude, cTrader incorporates many of MetaTrader’s advanced features but in a more thoughtfully designed and user-friendly interface.
To change the language of the MT4 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface could be more intuitive, but the MT4 app offers an above-average range of features. The web-based interface allows you to access the market directly from your browser. The platform is highly customizable and has popular features such as one-click trading, trading from the chart, news, and alerts. FxPro offers trading in real stocks via its BnkPro service, which is suitable for swing traders who hold positions for days or weeks.