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

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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’s education section provides written materials along with a handful of educational videos. FxPro has built a good foundation of educational content, yet the quantity and scope of available materials falls behind what is offered by education leaders such as IG, Saxo, and FXCM. FxPro’s financial institutional partners calculate the daily released rates using risk-management analysis. However, CFTC regulation is absent, which means that FxPro cannot provide its services to citizens or residents of the United States. FxPro has one of the highest counterparty credit ratings in the industry, scoring 96 on a 100-point scale, where a high score indicates a lower risk of default or bankruptcy.

1. FxPro offers 24/5 customer support via live chat, email, phone, and fax.
2. Both experienced and novice traders choose it for its intuitive user interface and powerful trading capabilities.
3. The demo account is developed for practice purposes, and as such, new traders can use it to learn how to trade and also master the broker’s trading platform.

The Daily Outlook is brief and touches on the core aspects without details. The Crypto Review offers the most content but remains far from comprehensive. The tremendous growth of FxPro has led to numerous sponsorships, which include three Formula1 teams, four football clubs, two rally championships, and over 22 events.

Demo Account

The trader can even create a customized pop‑up message to deliver as well. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. Clients in the UK should be aware of a few differences between the FxPro product compared to products offered by FxPro in other regions.

Choosing the right trading account depends on your trading style and other important considerations (spreads, leverage, technical tools, trading platforms, execution speed, etc.). 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.

Navigate to the FXPro website, log in with your credentials, and then go to the account section. Alternatively, you may reach out to customer support to assist you with the deletion process. Swap rates can easily be checked from inside the MT4 trading platform for full transparency at all times. FxPro delivers well-rounded products and services ideal for demanding multi-asset traders.

Why Trade with FxPro?

Commission-based spreads average 0.2 pips in the cTrader platform for a $7.00 per round lot commission. FxPro is upfront and transparent on all trading costs involved; swap rates, positive and negative, also apply and are passed on to traders. FxPro appears to be a true NDD (no dealing desk broker) offering excellent market access to all types of traders. According to the latest data available for 2022, FxPro executed 75.09% of trades at the quote price, 11.80% experienced positive slippage, and 13.11% negative slippage. FxPro filled 98.59% of orders without a requote, 0.66% with a positive requote, and 0.75% with a negative requote. A comprehensive educational and research department complements the dependable trading environment traders enjoy.

These platforms offer advanced charting, technical analysis tools, automated trading capabilities, and access to a wide range of trading instruments. The range of tradable instruments offered by a broker is a crucial factor for traders seeking diverse investment opportunities. FxPro delivers a comprehensive selection of assets across various categories, enabling traders to access a wide spectrum of financial markets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are xcritical the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.

Two areas where FxPro has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering. These tools seem to be available even for traders who do not have an account with FxPro. FxPro offers low fees and efficient No Dealing Desk (NDD) execution, creating a more transparent trading environment. With access to three leading forex platforms, including the popular MT4, FxPro offers flexibility and advanced tools that cater to novice and experienced traders. Traders who don’t have trading solutions based on the MT4 code should take advantage of cTrader. It manages automated trading solutions, and traders can easily create their own from inside cTrader.

The broker offers you institutional trading conditions using top-tier liquidity providers (LPs) to ensure deep liquidity, fast trade execution speeds, and tight spreads. One thing it advertises is the lack of an expensive dealing desk, which allows the company to pass on cost savings to clients. FxPro says that due to the high volumes of their clients’ trades, it can internally match a great deal of their order flow. This allows the company to minimize risk and costs without interfering with orders in any way.

MetaTrader 5

However, the time frame for receipt of the payment after the broker has initiated it depends on the payment method used. The withdrawal screen on the trading platform states the minimum withdrawal requirements for each payment method. At this point, let us compare FxPro MT4 accounts average spreads with those other major brokerages offered on the most actively traded major Forex pairs.

The FxPro’s variable spread accounts market execution which means if the spread you order at is not available, FxPro will trade at the next best price available. The FxPro minimum deposit is $100, but traders should consider $1,000 to qualify for the Raw+ account, where trading fees are significantly lower. FxPro customer support is best accessed through the Live Chat feature, but traders can also request a call back, contact them via phone, send an e-mail or stop by at one of their office locations. The multi-lingual support team is available 24/5, but it is highly unlikely that many traders will require their assistance. The FAQ section handles all major questions, but it is good to know that in case of an emergency, a qualified support team stands by to assist.

In this broker review, we will pay attention to the critical aspects of FxPro, which you may want to consider before deciding whether to trade with this online brokerage. FxPro has received an aggregated Trustpilot score of 3.7/5, which has been based on 220 customer reviews submitted on the platform. Out of the 220 reviews, 47% have given FxPro the maximum score of 5 stars while 18% rated the broker with 1 star. I’m greatly appreciative of the trading platform’s dependability and rapid customer service. The real-time market information is crucial for my short-term trading approaches. The clear transparency and promptness foster trust for sustained success.

Customer Support

FxPro’s transparent fee structure, competitive spreads, and minimal account maintenance charges contribute xcritical to its high rating. However, potential additional fees for inactivity and guaranteed stop orders slightly affect the rating. All things considered, FxPro provides an extensive selection of tradable instruments, encompassing a wide spectrum of markets.