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

Elite clients qualify for rebates, which lower fees by at least $1.50 per lot. You are recommended to stay on demo between 5–10 months for you to get familiar and learn the best trading strategies without actually losing real money. 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.

FxPro’s and FXTM’s offerings include the standard account (commission-free) and a range of trading accounts with no-dealing desk execution (ECN-style). 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 best available bid and ask prices are offered as the cTrader platform is the preferred choice for ECN operations, and traders get better market depth through the cTrader platform. Founded in 2006, FxPro has established a reputation as a global Forex broker that is here to stay.

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 has full customer support available in 23 countries, via toll-free phone calls as well as email. Outside of those regions you can request a call back at a time of your choosing, meaning that getting in touch with FXPro shouldn’t cost you more than the price of a single phone call.

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Overall, FxPro offers slightly more financial instruments and subsequently, more trading opportunities are presented. At FxPro, there are also more asset classes, and traders can explore trading opportunities in the cryptocurrency market and a good selection of futures. However, stock traders can take advantage of slightly more CFD stocks at FXTM.

FxPro Customer Support Test

It includes over 50 different technical indicators, an advanced charting package, and the option to create custom expert advisors for automated trading. With a standard FXPro MT4 account, the minimum deposit is $100, although the firm recommends depositing at least $500. FxPro also offers its own proprietary web trading platform, which grants access to six different asset classes and has a fully customisable interface. It includes desktop versions, mobile apps, plus a lightweight web trader.

Lower Minimum Deposit: FXTM

Additionally, FxPro offers fixed spreads only on seven currency pairs – EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD and USD/JPY. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. To change the language of the MT4 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface could xcritical scam be more intuitive, but the MT4 app offers an above-average range of features.

1. Both FxPro and FXTM offer MetaTrader 4, a popular trading platform among forex traders.
2. Despite a fresher-looking interface, MT4 remains the dominant trading platform by MetaQuotes.
3. The platform is really straightforward to use and provides traders with everything they need.
4. As a muti-regulated global broker with a two-decade track record, FxPro earned a better-than-average trust rating in our review.

These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. Yes, FxPro offers the MT4/MT5 trading platforms as well as the cTrader platform and its own FxPro Edge. Each analysis under the Market Snapshots section is quick, xcritical website and traders looking for a more detailed analysis will be disappointed. The Daily Outlook is brief and touches on the core aspects without details.

A well-regulated broker across four jurisdictions, FxPro has enjoyed phenomenal growth over the past decade thanks to its excellent trading conditions. Traders can benefit from genuine NDD execution with tight spreads and deep liquidity. FxPro offers an expanding asset base across six classes, a transparent pricing approach, and an excellent educational section. A more detailed analytics service exists through the FxPro Partnership with Trading Central, a leader in independent research.