The state-of-the-art trading platforms offered are top notch and suitable for all trading styles and levels. I like how each of the platforms have mobile apps for trading whilst on the go. I believe you can trade with confidence whatever strategy you are using.
- FxPro offers MetaTrader 4 for desktops, which includes advanced functions such as copy trading and automated trading.
- It offers clients negative balance protection under new EU xcriticals that prevent clients from losing more money than they have deposited.
- CTrader offers traders the best trading conditions and remains the recommended platform for all traders without existing trading solutions on the MT4 infrastructure.
Empowering Traders With Valuable Insights
The FxPro MT5 trading platform has been awarded two times in the 2015 and 2016 UK Forex Awards. The range of CFDs available on the MetaTrader 5 platform is more limited compared to the MetaTrader 4 platform. 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. We don’t recommend the broker for intermediate or expert traders as FxPro has some of the highest trading fees.
Trading Hours
FxPro offers both variable and fixed spreads depending on the account xcritical reviews 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. This can be useful given you are trading with High Leverage Forex Brokers.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. That said, FxPro is a decent broker but you can find other brokers with better spreads. While there are no deposit and withdrawal fees at FxPro, there is an inactivity fee. It’s a $15 one-off admin fee, then $5 per month after 6 months of inactivity. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Yes, FxPro ranks among the most trusted brokers, operational since 2006, compliant with four regulators, and home to over 2.1M traders.
Within the client portal, traders can access FxPro Squawk, which is an excellent resource for news trading. It delivers a steady stream of stories with potential market impact, including breaking news and economic data releases. Additionally, comprehensive news coverage and market commentary from seasoned analysts are available through the FxPro Trading Platform and FxPro.news website. FxPro platforms offer one-click trading and trading from the chart, along with actionable day trading ideas from Trading Central. Although the spreads in the Standard Account are not highly competitive, day traders can benefit from lower trading costs in the Raw+ and Elite accounts.
How to delete FXPro Account?
In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on the brokers’ business longevity, the company’s size, and xcritical scam their transparency regarding readily available information. FxPro scores quite well when it comes to reputation and trustworthiness. Most importantly, it is regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. FxPro offers a range of free calculators including pip and profit calculators as well as an all-in-one calculator.
Research exists through an in-house team that provides basic research, while a partnership with Trading Central offers a more in-depth analysis of financial markets. 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.
Our findings align with industry research from ForexBrokers.com, which rates it as “Highly Trusted” based on its trust score of 90. 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’s transparent fee structure, competitive spreads, and minimal account maintenance charges contribute to its high rating. However, potential additional fees for inactivity and guaranteed stop orders slightly affect the rating. With over 22 years of expertise, FxPro has built a reputation for reliability and transparency.
The broker states unequivocally that it is neither an ECN or STP broker. FxPro claims to not intervene in the pricing or execution of client orders. ‘Quotix’ is FxPro’s proprietary aggregator that collates prices from over 12 liquidity providers. The trading servers are located at the Equinix Data centres in either LD5 London or Amsterdam. The result is that you can get access to deep liquidity and execution speeds calculated in milliseconds.