FxPro MT4 has numerous features, is relatively easy to use, customizable, secure, and requires minimal resources from your computer. Use our country selector tool to view available brokers in your country.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises xcritical companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Another advantage of the platform is that unlike a lot of other demo accounts, the FxPro demo doesn’t expire after a certain time period. However, you will need to be aware that if you are inactive for 30-days it will be disabled. You’ve got your demo account all set-up, you’re ready to kill these markets, so let’s take a look at the platform and see what they offer us as users.
At its core, the FxPro Wallet is synonymous with a bank safe deposit box where you can keep your funds safe and secure. One interesting detail to note is that FxPro fixed spreads will vary depending on the time of the day you trade. You can use the FxPro cTrader platform by either downloading the software or logging in via a web browser. It really is a fantastic and professional set-up, where you can use a plethora of technical analysis indicators and open and close positions with a single click. The platform also has a mobile app that you can use via iOS or Android. FxPro is a leading forex and CFD broker since its establishment in 2006.
This is an investing tool for fund managers and investors who work together. It uses the innovative multi-account manager (MAM) software along with letting you trade in the superior trading environment of MetaTrader 4. They are committed to create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second.
Is FXPro the Best Forex Broker?
You will go through a few different pages where you will need to provide your name, date of birth, address, employment status and other details concerning your previous trading experience. For more explanation about each trading platform, you can read them on our FxPro review page. Objectively xcritical official site speaking, MetaTrader 5 and cTrader are head-to-head for the richest features and most advanced tools.
What platforms does FxPro offer?
Support is available in over 20 languages, ensuring traders worldwide can get assistance quickly and efficiently. The below table compares the spreads of different brokers that offer a standard account. These spreads are published on each broker’s website and checked on the 1st of each month. It also gives you an opportunity to try out a variety of trading strategies. A key component of trading is testing out trading plans, and the demo account allows you to do exactly that.
Offering of investments
- We cannot create custom indicators, scripts, or auto trading tools with the platform.
- From there you will need to choose your platform, the amount of leverage you want to use, the accounts currency, and the amount you start within your demo account.
- 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.
- Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge.
- FxPro spreads to be high when compared side by side with other forex brokers.
FxPro xcritically offers Metatrader 4, Metatrader 5, cTrader, and their own proprietary solution, the FxPro Platform. FxPro provides numerous options for algorithmic trading, including platforms and execution methods which allow it to cater well to the needs of active traders that use automated trading systems. As a result, FxPro earned Best in Class honors for Algo Trading and MetaTrader in our 2024 Annual Awards. 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. FxPro is a well-capitalized, trustworthy broker that offers multiple platform options, multiple trade execution methods, and can cleanly execute large orders for professional traders.
The FxPro review was crafted by our devoted team of investment and business professionals at Compare Forex Brokers. FxPro has been in the business of providing forex and CFD trading services since 2006. Their expertise lies in offering a more personalized experience according to each trader’s needs via a variety of offerings, including four types of trading platforms. 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. Choosing the right trading account depends on your trading style and other important considerations (spreads, leverage, technical tools, trading platforms, execution speed, etc.).
What is the minimum deposit at FxPro?
Due to the availability of MetaTrader, cTrader, and its own proprietary FxPro Edge web platform, traders at FxPro have a diverse selection of platform options that support a variety of trading styles. MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading experience. FxPro offers 24/5 customer support via live chat, email, phone, and fax.
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). FxPro clients are charged a commission only on the FxPro cTrader account. The commission-based pricing is decent, but there are other good brokers out there offering lower commission (E.g. Pepperstone commission is $3.5 per 100,000 unit traded). FxPro charges $4.5 per side for each 1 standard lot traded or a $9 round-turn commission. Metatrader 5 is said to offer a plethora of additional features compared to Metatrader 4, despite having a nearly identical interface.
FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals. We’re regarded as the go-to authority on broker reviews content because among other things we only investigate regulated forex brokers. FxPro operates under the norms and standards imposed by the world’s most trusted forex regulatory bodies. The rules laid down by the forex regulators ensure that all forex traders have fair access to the global markets. FxPro offers a level playing field for all market participants and first-class online trading services.
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 xcritical a global customer base. Our team of experts was able to validate 21 different languages at fxpro.com. These accounts do not have commission costs so is the same as a standard account other brokers offer.
Building on the reputation of its predecessor, FxPro’s MT5 platform offers everything traders require for navigating financial markets. MT5 is user-friendly and highly customizable to accommodate individual trading preferences, boasting an advanced environment for EA development and a range of supplementary features. 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. FxPro’s primary drawback is its higher-than-average pricing, which just can’t compete with the lowest-cost forex brokers, even on its lowest spreads available via its cTrader platform offering. Like with the market execution spreads, we have compared spreads for fixed spreads accounts with brokers that also have fixed spreads.
