Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MetaTrader 5 and will simply cancel offsetting orders. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.

???? 7 Best Forex Brokers

You’ll need to provide some information about yourself and copies of photo id, though the broker has some neat tools to make the photo id part of the process as user friendly as possible. FXPro provides their clients with the tools to make money, and an operational structure to protect it. Some of the best bits of the service related to the behind the scenes items such as the NDD style connectivity into the markets. Technical aspects such as co-location and VPS services may not at first catch the eye but are crucial parts of any framework that wants to get into the heart of market flow. FXPro has over a period of 15 years built a client base of over 1.3 million people.

Is FxPro a market maker?

FxPro prioritizes swift fund transfers, aiming to process most withdrawal requests within 24 hours. Minimum withdrawal amounts and potential fees may apply, so be sure to check their website for detailed information. Different entities of the firm operate under licenses from different regulators.

Mobile and Desktop Key Summary

The commission-based pricing is decent, but there are other good brokers out there offering lower commission (E.g. Pepperstone commission is $3.5 per 100,000 unit traded). FxPro charges $4.5 per side for each 1 standard lot traded or a $9 round-turn commission. FxPro spreads to be high when compared side by side with other forex brokers.

Does FxPro provide a web trading platform?

This displays the percentage of FxPro’s clients that are buying and selling an asset, also known as the market sentiment. The ‘Price ticker’ shows the assets prices and their percentage change in real time. My favourite part is that it also shows the volatility charts of selected assets. All of these tools are great for improving market analysis in my opinion. This broker sort of pass all the tests with flying colors, so that’s your hint to pinpoint the fact, that it is quite a nice broker.

About the Editorial Team

The version provided by FXPro is in Beta format but is definitely worth testing. The whole trading dashboard, including the administrative area, have a clean and attractive feel and intuitive functionality. Whilst all the platforms, FXPro Edge, cTrader, MT4 and MT5 all take some effort to get access to, once opened, it’s clear to see they are high quality. Those taking part in the ‘Affiliate’ scheme can tailor commissions to their individual preference. The benefits of this scheme are ‘elite’ trading conditions and up to $600 per introduction.

The spread structure of FxPro is highly competitive and can vary depending on the financial instrument and account type traders use. The trading community is witnessing a remarkable innovation in the form of FxPro’s cTrader platform, equipped with advanced technical analysis and charting features presented via its sleek UI. MetaTrader 5, an improved version of MT4, provides a highly advanced trading platform equipped with brand-new features and enhanced capabilities. The Demo Account at FxPro is an excellent instructive and practice tool for traders who want to develop their skills. It simulates real-market situations using virtual funds, enabling risk-free trading practices.

I know that this is a very big broker, and the infrastructure they have built to support their millions of customers is very impressive, to be honest. Our research team conducts thorough testing on a wide range of features, products, services, and tools https://traderoom.info/fxpro-overview/ (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

These unique features enhance the overall trading experience, although further advanced tools could potentially lead to an even higher rating for the platform. The MetaTrader platforms offer comprehensive charting tools, technical indicators, and customizable layouts, empowering traders to perform in-depth analysis. 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. Bro, FxPro is a great broker that can help you to improve your trading skills.

One of my favorite indicators, market sentiment, is available via the platform. Market sentiment indicates the percentage of client accounts that are long (buyers) or short (sellers). The information is collected from all available cTrader servers across multiple brokers. It is designed to replicate an institutional trading environment, with features such as Level 2 DoM (Depth of Market). The depth-of-market shows incoming liquidity from liquidity providers. CTrader offers state-of-the-art algo trading, copy trading, and a performance analysis tool – making it a suitable choice for active, experienced traders.

1. FxPro generates its revenues from a combination of spreads and commissions.
2. Rankings will depend on individual requirements and personal preferences.
3. Up to 17 commodities are available, including metals, energy and soft, whilst over 156 index and stock CFDs, in the UK, US and Germany are included in the overall offering.
4. The FxPro Squawk is brought to you by LiveSquawk and provides real-time audio news, Live Messenger, commentary and headlines on all the main asset classes.
5. For beginners, fast order execution is a key aspect of successful trading.
6. Choosing the right trading account depends on your trading style and other important considerations (spreads, leverage, technical tools, trading platforms, execution speed, etc.).

It was developed by ‘Spotware Systems Ltd’ which is a fintech firm with headquarters in Cyprus. 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.

Traders can swiftly move funds between multiple trading accounts inside their FxPro Wallet. FxPro’s research and insights tools are above average for the industry. Like many brokers, FxPro offers a macroeconomic calendar to track important releases that can impact markets. They also offer some basic daily fundamental research and work with Trading Central to offer technical analysis.

The regulatory framework is also very strong, and the range of client protection features include Negative Balance Protection and the segregation of client funds to high-grade banks. For example, the depth of market monitor gives a view of real-time flow. MetaTrader https://traderoom.info/ mobile apps do lose a handful of indicators and tools in the cross-over from desktop to mobile. The desktop and mobile functionality mirror each other, and the mobile trading experience is rewarding due to the versatility of the cTrader dashboard.

I was just following instructions and at some point I saw my money on account. It was simple and I’m grateful to the broker for not complicating this process. Well, things happen, anyway…Trading itself is convenient on this platform. I came as a newbie, but now I have already adjusted to the platform and started to use way more tools than it was back in the beginning. I now understand that pricing model here is competitive and order execution is indeed fast. I experience no glitches whenever I open market or pending orders, as well as stop loss triggers correctly…