Some brokers offer this feature for a fee, but FxPro does not offer this at all. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. FxPro’s education section provides written materials along with a handful of educational videos. FxPro has built a good foundation of educational content, yet the quantity and scope of available materials falls behind what is offered by education leaders such as IG, Saxo, and FXCM. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
FxPro provides trading with 22 futures instruments on commodities and Indices, including 11 commodities and 11 indices. Now it’s time to look into the types of fees that you will be expected to face in trading with FxPro. There are not anything out of the ordinary, so let’s go through them here. A fee will be charged if the customer deposits money and withdraws it right away without trading. The company operates in 173 countries and has more than 870,000 client accounts and €100 million of Tier 1 capital and FxPro has developed reliable deposit and withdrawal schemes. The demo account will allow you to test out your potential investments in a risk-free environment, so you can feel confident whatever you choose to invest in.
They cover important subjects like technical analysis, risk management, and trading plan creation. The FxPro Squawk is powered by third-party LiveSquawk News and alerts clients on stories with potential market impact, along with breaking news, economic and data releases. The Traders Dashboard within the client portal shows the top currency movers over set time periods and can be a valuable source of trading ideas. The section is updated several times daily and helps traders understand the forces behind movements in the market. Again, FxPro performs better than average by not charging a withdrawal fee and having better-than-average processing times.
For this reason, you will find spreads are wider than brokers that have ECN pricing and added commission costs. FxPro also stands out for its strong customer support, which has earned the broker numerous awards. This combination of top-tier support, low costs, and flexible trading options makes FxPro an appealing choice for forex traders. The FxPro platform is the proprietary platform and the latest addition to the portfolio.
Account funding at FxPro
FxPro also provides a glossary of CFD terms, which is not something every broker provides. Today, the company operates in more than 170 countries and has more than 2,188,000 client accounts and €100 million of tier 1 capital. FxPro says it is known throughout the industry as a trustworthy and reliable broker. However, pricing is higher than the industry average at FxPro, and its proprietary FxPro Edge app is a limited platform option that isn’t xcritically available for mobile.
What is the minimum deposit required for FxPro?
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Meanwhile, the availability of advanced platforms, fast order execution, and raw spreads make FxPro a strong choice for experienced day traders, scalpers, and algo traders. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. FxPro spreads to be high when compared side by side with other forex brokers. For example, forex broker Pepperstone spreads start from 0.60 pips EUR/USD for their standard account. FxPro offers the industry standard MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms, as well as proprietary platform options.
- FxPro is an NDD forex broker regulated by the FCA, FSCA, SCB, and CySEC offering the choice of the MT 4, MT5, or cTrader.
- Clients can diversify their portfolios with assets from a range of industries and countries.
- The section is updated several times daily and helps traders understand the forces behind movements in the market.
- The demo account will allow you to test out your potential investments in a risk-free environment, so you can feel confident whatever you choose to invest in.
What Can You Trade with FxPro?
The minimum deposit at FxPro is just $100 (or equivalent base currency). However, the brokerage does advise making a minimum deposit of $500 to $1000. FxPro does offer negative balance protection, however, so clients cannot lose xcritical more than the initial deposit. With an MT5 account and FxPro cTrader account, minimum live spreads are 1.4 and 0 pips, respectively.
And, based on our proprietary scoring system, we concluded that it’s safe to trade with FxPro. FxPro has a trust score of 60 based on its regulation, reputation, and reviews. If you have experience trading with FxPro please share your personal review of the broker and what you think are strong and weak points. Compare FxPro with the top 3 similar brokers that accept traders from your location. Once you log in you have $500,000 in virtual cash to play around with. You can download various demo platforms, including MT4, MT5 and cTrader.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. As a muti-regulated global broker with a two-decade track record, FxPro earned a better-than-average trust rating in our review. I judged it to be a strong overall broker with xcritical scammers a versatile offering. FxPro offers three main account types, catering to a broad range of traders.
It also provides high-leverage options depending on your region. The brokerage facilitates 24/5 trading across 6 asset classes and over 2100 financial instruments. Find out whether our experts recommend opening an FxPro account. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
This versatile app can cater to the needs of most traders while on the go. I liked the built-in economic calendar and watchlists, but the app could be improved by adding a news feed. With a lengthy operating history of over 22 years, FxPro is a well-established broker. It is governed by four regulators globally, including the top-tier FCA UK and CySEC. Client funds are held in segregated accounts at global banks like Barclays and Royal Bank of Scotland. My research showed that FxPro has a high level of financial strength, transparency, and trustworthiness.
The real-time market information is crucial for my short-term trading approaches. The clear transparency and promptness foster trust for sustained success. This can be useful given you are trading with High Leverage Forex Brokers.