FxPro delivers a comprehensive selection of assets across various categories, enabling traders to access a wide spectrum of financial markets. Founded in 2006, FxPro is a global forex and CFD broker with a longer history https://xcritical.pro/ than many competing platforms in the industry, and a great degree of trust to go along with it. Both FxPro deposits and withdrawals are conducted via an innovative money management tool called FxPro Wallet.

  1. An even better way of finding answers to potential questions without contacting support is via the Help Section and FAQ.
  2. There are also lots of trading online courses for beginners and advanced traders.
  3. From a single account, users can access competitive spreads, ultra-fast execution speeds and a range of CFD markets.
  4. The genuine NDD execution model is a prime selling point for FxPro, which ensures fast order execution.
  5. FxPro’s dedication to quality is obvious in its adherence to stringent regulation, which is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission.

Broker Overview

FxPro is a no dealing desk broker, which means that its clients can trade using the exchange rates that big banks use to trade amongst themselves. There’s no middleman between the trader and the market, which should, in theory, lower the costs of trading in general. Just imagine, winning 70+ awards in the last 15 years means the company has grabbed 5 awards per year on average without exception since its founding. That is a true bucketload of accolades that very few online brokerage companies can come close to. That’s also the reason why FxPro boldly advertises itself as the No. 1 Online forex broker in the world.

What is the maximum leverage offered by FxPro?

The primary unique feature of FxPro remains its NDD execution model, which is at the core of its trading environment. FxPro is home to over 2,188,500 trading accounts that have trusted this broker with their capital and helped grow it into one of the best brokerages available today. Another core feature for Forex traders who manage their accounts with automated trading solutions is the FxPro VPS service, but the price tag of $30 per month is unfortunate. Traders who qualify as premium account holders will get it for free. FxPro supports the popular MetaTrader platforms – MT4 and MT5 – for desktop trading. These platforms offer advanced charting, technical analysis tools, automated trading capabilities, and access to a wide range of trading instruments.

The FxPro Platform

Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. This is a without a doubt a good, diverse offer, however, if you’re interested in a real abundance of trading options, there are better alternatives in the forex world. Brokers like the UK-based LCG offer 9 investment types and a lot more tradable products overall. CTrader has been custom-made to be used by ECN brokers like FxPro and has a clean, intuitive design that arguably makes the platform even easier to get used to than MetaTrader.

Tradable Assets and Markets

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. This is true, however they are closely followed by cTrader which is used by many in the industry as another really professional and well-equipped platform. This is an innovative new platform called FXPro Edge that our UK review team was captivated by. This is also the only area in which the spread betting side as a broker can be accessed. With that in mind then, the UK review team would recommend carefully selecting which trades you want to make prior to doing so with the broker. This should mean that you are knowledgable and ensure to get the best deal possible for your money from the more than 150 markets available in this category.

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. These tools seem to be available even for traders who do not have an account with FxPro.

Algorithmic Trading and Copy Trading

They manage to offer not one, but two of the most instantly recognizable and well-trusted platforms in the industry for trading. The average spread on major forex markets with brand starts from a rather heft 1.4 pips at best on most account types and only goes up from there. There is also a confusing, time-bound system in place which can serve to elevate this number further. However, a 2.6% withdrawal fee is applicable if you don’t trade with the capital you want to withdraw. You can use the FxPro Wallet to streamline funding and withdrawal.

This account particularly benefits novice traders by introducing them to the trading environment or experienced ones to test out strategies easily. To open one requires a minimum deposit of $1,000, and it appeals particularly to scalpers and high-volume traders who benefit from near-zero spreads on essential Forex pairs. FxPro offers a budget-friendly option for traders called the Raw+ Account, which boasts raw spreads that begin at 0.0 pips partnered with a $3.5 commission per side. In addition, safeguarding clients from possible financial losses beyond their initial deposit is offered by FxPro through negative balance protection. This feature becomes increasingly vital in dynamic markets where unpredictable fluctuations can lead to substantial monetary setbacks. The FxPro minimum deposit is $100, but traders should consider $1,000 to qualify for the Raw+ account, where trading fees are significantly lower.

Despite a fresher-looking interface, MT4 remains the dominant trading platform by MetaQuotes. FxPro is committed to providing its clients with full trade reporting and support. In this regard, xcritical official site it posts its monthly slippage statistics right on the website. Traders can choose between instant execution and market execution a feature not made available by many other Forex brokers.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience, and its Raw account delivers competitive pricing. Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – and a selection of over 40,000 s securities. IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, and industry-leading education.

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