Charting via the desktop platform is impressive, with 26 available time frames, 4 chart types, 76 indicators, and more than 10 drawing tools. A news feed and integrated economic calendar are built into the platform. The FxPro Direct app is available for iOS and Android and allows users to trade, manage their accounts, deposit/withdraw funds, and contact live support. Its minimalistic, user-friendly interface is a refreshing contrast from the MetaTrader 4 app. Although the Trading Central Analysis is not free, FxPro offers it for free to its customers. The platform is available for both Windows and Mac and Android and iOS on mobile.
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 Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
Additionally, traders can access comparative analysis of user trading behaviors to gauge market sentiment and make more informed decisions. Again, for a minimum $100 deposit, for a slightly lower spread and faster execution, FxPro’s cTrader could be for you. This platform allows you to trade with access to the full depth of the market, as well as to volume information per instrument. For those seeking Market Execution and an added level of market resolution, cTrader has everything you need from a forex trading platform, and more. You can start trading over 260 CFDs including over 70 forex pairs.
For the uninitiated, this kind of jargon can seem complex and intimidating. Additionally, for EU and UK based users there is the ICF insurance up to 20.000€ (or 85.000£ in UK) in case something happens to customer money. FxPro has a Client Money Protection program to protect clients’ money which is segregated to that of its own broker funds in line with the Financial Conduct Authority.
What Platforms Does FxPro Offer?
FxPro is a well-rounded broker that can cater to a wide range of traders – from beginners to seasoned professionals. FxPro offers a variety of products focused on different trader styles. From the short to the long-term analysis and from the fundamental to technical investors. Be sure to stay on top of your open trades and manage them accordingly. Head to the website for more information on these fees and be sure to know the spreads and factor those into your trading plan if you intend to hold positions for more than a day.
- With these several options to choose from, the variety of platforms are vast and one should fit most of your trading needs.
- The flexible execution model catering for both instant and market executions through MT4 is ideal if you want to make your trades as quickly as possible.
- For fixed spread accounts, you may want to opt for the MT4 option.
- As mentioned above, if you are a large volume trader you will want to try the FxPro VIP account.
- 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.
Additionally, comprehensive news coverage and market commentary from seasoned analysts are available through the FxPro Trading Platform and FxPro.news website. FxPro is a leading CFD broker regulated by multiple authorities globally, including top-tier FCA and CySEC. The London-based firm provides access to over 2,100 financial instruments, including CFDs on forex, commodities, stocks, indices, and cryptocurrencies.
FxPro is an NDD broker, meaning that it is the counterpart between the broker and the market. As a large volume trader you will have aVIP account with competitive spreads, low-commissions, and a free VPS. Several top platforms are provided by this broker who has won 70 awards over the years and offer both fixed and floating spreads. As you can probably tell, FxPro offers its clients a xcritical wide selection of trading accounts. Each trading platform offered by FxPro comes with its own type of trading account and conditions. FxPro spreads to be high when compared side by side with other forex brokers.
We may receive commissions on purchases made from our chosen links. FxPro charges or credits overnight financing fees for positions held overnight. A fee might be charged for inactivity on the account after a certain period. With its comprehensive regulatory framework, stringent fraud prevention measures, and client fund security practices, FxPro demonstrates a high level of commitment to trust and safety. 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.
CFDs and Forex Review
While most trades are commission-free, some may be irked by commissions charged when using their cTrader automated platform. 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. FxPro offers a range of trading platforms to cater to different trading styles and preferences. 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. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Special Features
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. 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. I was especially impressed with the range of tradable instruments – every asset class has above-average depth.
A margin call may also be issued if you do not maintain xcritical sufficient capital in your live account. The platform will work for Mac users and portable iOS devices as well as on Windows desktops. Traders should note that FxPro Edge does not support EAs or custom indicators at this time.
This multi-functional account management tool lets FxPro clients transfer funds between their trading accounts in a secure medium. At its core, the FxPro Wallet is synonymous with a bank safe deposit box where you can keep your funds safe and secure. These accounts do not have commission costs so is the same as a standard account other brokers offer. For this reason, you will find spreads are wider than brokers that have ECN pricing and added commission costs. Spreads are competitive but vary according to the type of trading account held and asset traded.
Overall, spreads and fees are competitive and good value when you take into account the range of trading tools and resources available. Having said that, FxPro could improve its offering by introducing welcome promotions and deposit bonuses. FxPro offers the industry standard MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms, as well as proprietary platform options. Traders can choose multiple time frames to monitor and can easily add multiple trading indicators, such as moving averages. After setting up a chart, the mobile app allows traders to easily trade from the chart, with easy trade sizing and buy and sell directional orders. FxPro shines in the research offering with high-quality in-house analysis and a range of proprietary and third-party tools.