FxPro Broker Review year : Is It a Good Broker or Not?

FxPro claims to not intervene in pricing or execution of xcritical client orders. Rather, its proprietary aggregator, ‘Quotix’, FxPro collates prices from over 12 liquidity providers. The trading servers are located at the Equinix Data centers in either LD5 London or Amsterdam, which are near Tier 1 banks that provide liquidity. This ensures ultra-fast trade execution speed that is estimated at approximately 11.06 milliseconds.

FxPro facilitates currency trading by offering an array of currency pairs, including major, minor, and exotic pairs, catering to forex traders of all levels. For those interested in the exciting world of cryptocurrencies, FxPro provides the opportunity to trade various crypto pairs, including popular options like Bitcoin, Ethereum, and more. FxPro allows Bitcoin traders to benefit from the cryptocurrency markets by offering CFDs in various digital assets. Cryptocurrencies are digital, decentralized currencies that were created to work as a medium of exchange.

Although the account creation is swift and can be completed within 5 minutes, it may take up to 24 hours to verify your trading account. Upon verifying your account, you will have to fund it using any of the available payment methods before you can go live, but you can still trade on a demo account until you fund your live account. FxPro prides itself on its “five‑star customer service,” specifically its multilingual, 24‑hour Monday‑through‑Friday (24/5) customer service team. Its live phone support operates in several locations, which include the United Kingdom, Cyprus, Monaco, Bahamas, and the United Arab Emirates. Security features are standard, with the option to replace the login with Apple’s Touch ID. Watchlists are easily customizable and it is also possible to have multiple lists.

Comprehensive and Accessible

Traders looking to engage in futures trading can do so through FxPro, accessing contracts based on commodities, indices, and other assets. FxPro provides access to a variety of indices, allowing traders to speculate on the overall performance of stock markets in different regions. Founded in 2006, FxPro is a global forex and CFD broker with a longer history than many competing platforms in the industry, and a great degree of trust to go along with it. 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.

Other trading platforms

Below, our team of experts will assess what is the best forex trading platform to suit your trading needs. The broker allows traders to trade over 70 currency pairs — including all major pairs and several exotic and minor currency pairs — offering tight spreads and fast order execution. This brings a whole new level of convenience to the entire trading process as traders can access their trading accounts and place trades on the go, as long as they are connected to the internet. Used by millions of traders worldwide since its launch in 2005, MT4 is the most popular retail trading platform. Both experienced and novice traders choose it for its intuitive user interface and powerful trading capabilities. MetaTrader 4 has established itself as the industry standard, as it features all the necessary tools a trader needs to analyze the Forex market, place orders, and manage positions.

1. This is because the broker offers shares as CFDs, which allow traders to speculate on the price movements of an instrument without physically owning the underlying asset.
2. 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.
3. 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.
4. The broker doesn’t seem to offer CFD trading in industrial metals like zinc, copper, and steel.

Account Types

FxPro’s account opening process is straightforward and well-guided, minimizing the time required to start trading. FxPro has established a solid educational foundation, but there’s room for improvement to compete with industry leaders. By diversifying and expanding their educational resources, FxPro can better serve traders of all skill levels.

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. 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 competes among the top MetaTrader and cTrader brokers, featuring multiple account options and multiple execution methods, and platforms. It provides its own proprietary FxPro Edge app available for web and mobile alongside access to the BnkPro app and Invest Web platform.

Opening an Account

In this regard, 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. They also offer advanced order-matching and execution technologies that are continuously upgraded. FxPro offers a variety of unique features and tools aimed at improving traders’ decision-making processes and providing insights into market trends and trading practices. These features include push notifications, which keep traders updated in real-time about market events and news affecting their trading decisions.

Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. You can speculate on the price movement of any global equity index of choice. Trading indices are popular among FxPro traders due to their comprehensive terms, accurate quotes from several suppliers, and versatile analytics.

MT4 Variable Spread Account

FxPro has an educational page providing beginners with content to learn about trading, CFDs, finance, and other topics relevant to the company’s offerings. FxPro also has xcritical reviews an advanced education section for those who already know the basics. For more content, their YouTube channel also has a short educational playlist. FxPro also provides a glossary of CFD terms, which is not something every broker provides. Not sure if this is a question but FxPro does have the option of Fixed spreads with MT4 for 10 currency pairs which can ensure you don’t experience slippage. You can also choose instant execution with MT4 which allows you to reject requotes.

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist.

FxPro customers can only trade 5 CFD markets, which excludes support for shares trading. The MT5 platform is the classic go-to solution for more advanced trading features and automated trading solutions. 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. Founded in 2006, FxPro has established a reputation as a global Forex broker that is here to stay.

The MT5 trading platform is also available in desktop, web, and mobile versions. 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.

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. If you have exhausted this option and still couldn’t find a satisfactory answer, you can proceed forward and talk directly with FxPro staff members. FxPro Wallet comes with no additional fees, but in some extreme circumstances, FxPro clients can be charged a withdrawal fee depending on the withdrawal method.

With the FxPro negative balance protection policy, clients can’t lose more than their initial deposit. FxPro clients are protected from any losses beyond their initial investment. FxPro enforces its negative balance protection policy across all its financial products (forex, CFDs, and spread betting). While the negative balance protection policy is more common to be enforced in Europe due to the ESMA rules, FxPro treats all of its clients the same regardless of their jurisdiction.