There is also a running news feed with the latest market headlines and a link to Trading Central WebTV. 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.
Commissions and fees
Beyond regular hours, FxPro extends their support, ensuring that traders’ queries are addressed even during non-standard times. They offer multi-channel support, with options like live chat, email, and phone support, providing flexibility based on traders’ preferences. Additionally, FxPro enriches the trading experience with supplementary information and tools, including a comprehensive FAQ section, educational resources, and market analysis reports. These measures demonstrate FxPro’s commitment to effectively supporting traders. As you can probably tell, FxPro offers its clients a wide selection of trading accounts.
It is more of a marketing gimmick than anything else, as it provides no real benefit to the traders but confirms the financial health and stability of FxPro. These unique features enhance the overall trading experience, although further advanced tools could potentially lead to an even higher rating xcritical official site for the platform. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. 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.
Empowering Traders With Valuable Insights
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. As a result, the broker offers the mobile version of its proprietary trading platform to help clients to trade from anywhere and anytime if they are connected to the internet. The mobile version of the FxPro trading platform narrows down all the desktop platform features to the small screens of your mobile handheld devices.
However, there is an inactivity fee of $15 after one year and $5 per month subsequently. FxPro is an NDD forex broker regulated by the FCA, FSCA, SCB, and CySEC offering the choice of the MT 4, MT5, or cTrader. We check its range of CFDs with low EUR/USD spreads from 0.5 pips and strong customer support backed by strong FxPro reviews.
- FxPro delivers a comprehensive selection of assets across various categories, enabling traders to access a wide spectrum of financial markets.
- 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.
- Trading Central is one of the premier services for brokers to outsource capital-intensive, time consuming analytics and research.
What is the minimum lot size at FxPro?
For this reason, you will find spreads are wider than brokers that have ECN pricing and added commission costs. FxPro also stands out for its strong customer support, which has earned the broker numerous awards. This combination of top-tier support, low costs, and flexible trading options makes FxPro an appealing choice for forex traders.
Reviews
You can learn more about ourindependent review processand partners in ouradvertiser disclosure. To sign up for a trading account with FX Pro you will need to provide an international passport, and national ID Card or drivers licence. You might also need to provide proof of residence for the last 6 months. That said, FxPro is a decent broker but you can find other brokers with better spreads.
FxPro is in the contracts for difference (CFD) and spread betting market in the U.K. Since then, the company has executed more than 445 million orders and was voted the U.K.’s most trusted forex brand by Global Brands Magazine in 2017. Our editors independently research and recommend the best products and services.
Before deciding, it’s advisable to conduct thorough research to ensure that the broker’s offerings align with your specific goals and preferences. FxPro’s focus on user satisfaction and commitment to transparency make it a noteworthy broker to consider in your trading journey. FxPro provides access to the commodities market, allowing traders to speculate on the price movements of raw materials such as gold, oil, and agricultural goods.
It is available as a mobile app that is compatible with Android and iOS devices and can be downloaded from the respective app stores. As an NDD forex broker, FxPro executes clients’ orders anonymously without any intervention in the exchange rates. NDD forex brokers guarantee that there are no requotes of prices and spreads are kept low. Additionally, besides having direct market access to the interbank market, there is no conflict of interest between the forex broker and the FX trader. FxPro offers clients a wide range of desktop trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Trading Platform. The desktop browser experience is in line with the industry average and allows traders to easily execute trades with clear and transparent pricing.
Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. FxPro allows xcritical reviews traders to benefit from the metals markets by offering CFDs in various precious metals. The broker doesn’t seem to offer CFD trading in industrial metals like zinc, copper, and steel.
At FxPro, all indices trading styles are welcome, including scalping, hedging, swing trading, and position trading, and you can use any Expert Advisor (EA) that suits your trading style. So, the cTrader Account is the cheapest of the three accounts, thanks to its tight spreads and competitive commission fees. The broker also offers the Islamic account, which is a swap-free account designed for Muslim clients who are unable to receive or pay swaps due to religious beliefs.
FxPro is best for forex and CFD traders who want a wealth of choices in trading markets. Their range of forex pairs and the ability to trade equity indices, individual company shares, cryptocurrencies, metals, and energy set them above competitors in this space. While most trades are commission-free, some may be irked by commissions charged when using their cTrader automated platform.
Leverage is offered to all traders and depends on which asset is traded as well as on the lot size. The broker’s website has a full list of all the assets and the available leverage so that you can know in advance exactly what you’ll be getting. There is no question that the regulation offered by FxPro is respectable and should provide a solid sense of security for traders worldwide. FxPro traders also enjoy negative balance protection in case leveraged positions are exposed to natural market events which would otherxcritical result in a negative balance. FxPro’s trading platforms are designed with user-friendliness in mind, ensuring both beginners and experienced traders can navigate and execute trades effortlessly.