Yes, it you use MT4 Fixed, then 9 currency pairs are available as a fixed spread. Fixed spreads are popular with scalpers as their trading plans often relies of predictable price moments. FxPro recommends a minimum deposit of $1,000 for optimal trading, although clients can deposit as little as $100. This flexibility allows both low-capital traders and professionals to start trading. The below table compares the spreads of different brokers that offer a standard account.
Founded in 2006, FxPro has executed more than 600 million orders since its inception and has serviced 1.8 million clients in over 173 countries. The FxPro brand holds regulatory licenses in the United Kingdom under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, as well as in South Africa, the Bahamas, and Seychelles. FxPro does not charge any withdrawal fees on all the available payment methods. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party, which are independent of FxPro. A Swap Rate is an overnight or rollover interest earned or paid for holding positions overnight. The rate is affected by market conditions and the interest rate of the affiliated countries of the chosen Forex currency pair.
FxPro does not seem to offer any discounts for higher-volume traders on the couple commission types it does charge. FxPro offers both variable and fixed spreads depending on the account type. For example, cTrader accounts feature tight spreads from 0.0 pips but include commissions, while MT4/MT5 accounts have zero-commission trading with variable spreads. A well-regulated broker across four jurisdictions, FxPro has enjoyed phenomenal growth over the past decade thanks to its excellent trading conditions. Traders can benefit from genuine NDD execution with tight spreads and deep liquidity.
FxPro Deposits and Withdrawals
While this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administration fee on trading positions. FxPro participates in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent. It offers clients negative balance protection under new EU xcriticals that prevent clients from losing more money than they have deposited.
Opening an Account
These spreads are published on each broker’s website and checked on the 1st of each month. Yes, FxPro offers the MT4/MT5 trading platforms as well as the cTrader platform and its own FxPro Edge. CTrader offers traders the best trading conditions and remains the recommended platform for all traders without existing trading solutions on the MT4 infrastructure. FxPro offers a range of trading platforms to cater to different trading styles and preferences. Forex trading fees are primarily based on spreads, with varying rates across currency pairs.
Reviews
It includes desktop versions, mobile apps, plus a lightweight web trader. MT4 remains the most popular trading platform, as companies invested millions to create custom solutions that enhance the trading experience. A comprehensive suite of automated trading solutions, called EA (expert advisors) in the MetaTrader universe, are also available, with countless more being created. For online Forex trading, MT4 has established itself as the market leader, and with available additions, it can become a powerful gateway to financial markets. The platform features an intuitive user xcritical interface, which is fully customizable, allowing users to tweak it to suit their preferences.
- FxPro charges $4.5 per side for each 1 standard lot traded or a $9 round-turn commission.
- The broker charges a commission of $4.5 per side on the cTrader account.
- Watchlists are easily customizable and it is also possible to have multiple lists.
- As a result, FxPro earned Best in Class honors for Algo Trading and MetaTrader in our 2024 Annual Awards.
- The best available bid and ask prices are offered as the cTrader platform is the preferred choice for ECN operations, and traders get better market depth through the cTrader platform.
FxPro offers a diverse range of account types to cater to various trader needs. They provide a demo account for risk-free practice and strategy refinement. For Muslim traders, there are Islamic accounts that adhere to Sharia law principles by eliminating interest payments. To enhance security and transparency, FxPro ensures fund segregation, keeping client funds separate from operational funds.
In addition to MT4 and MT5, the broker provides traders with the intuitive cTrader trading platform. It is a powerful trading platform with advanced built-in charting and trading tools to ensure speedy trade executions. The cTrader platform allows users to easily trade all the available financial assets. It was developed by ‘Spotware Systems Ltd,’ a fintech firm with headquarters in Cyprus. FxPro offers tight spreads for the cTrader account type, but the MT4 and MT5 accounts have marked-up spreads. The commission fees are competitive as most account options offer zero commission fees.
A more detailed analytics service exists through the FxPro Partnership with Trading Central, a leader in independent research. Traders can access hundreds of trading ideas each session as Trading Central covers over 8,000 assets. It is a solid service, and many new traders will make it a staple of their daily trading routine. Trading Central is one of the premier services for brokers to outsource capital-intensive, time-consuming analytics and research. MT5 suits traders without existing MT4 trading applications but with a preference to remain within the MetaQuotes offering.
The brokerage had remarkable xcritical scam success and now serves retail traders and institutional clients from over 170 countries. FxPro is a well-regulated company with licenses from four different regulators and continues to grow. FxPro divulges that 83.39% of traders lose money when trading with FxPro. FxPro provides a comprehensive trading experience characterized by user-friendly features, competitive spreads, and an extensive array of assets. Although there is room for improvement in their educational resources, FxPro’s strengths position it as a viable option for traders in search of a versatile trading environment.
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. FxPro clients are charged a commission only on the FxPro cTrader account.
The FxPro review was crafted by our devoted team of investment and business professionals at Compare Forex Brokers. 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, and a range of other important fee-based data points. Depending on the preferred forex trading platform, FxPro clients can get access to a different range of markets, different spreads, different order execution models, and different trading tools.
The Exponential expansion is with retail and institutional clients in over 170 countries. The broker has won over 90 international awards, including the Most Trusted Forex Broker 2017 by the Global Brands Magazine. FxPro also offers a Virtual Private Server (VPS) that enables clients to upload and run MetaTrader 4 Expert Advisors and algo bots 24 hours a day without needing to keep a trading terminal running.
Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.