FxPro Reviews Read Customer Service Reviews of www fxpro.com
FxPro’s primary source of revenue comes from its large customer base. With such a large number of retail clients opting for a FxPro trading account, it’s important to examine if FxPro is a trusted broker. The below table compares the spreads of different brokers that offer a standard account. These spreads are published on each broker’s website and checked on the 1st of each month. 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.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
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.
- Watchlists are easily customizable and it is also possible to have multiple lists.
- FxPro offers its customer service in different languages catering to a global customer base.
- FxPro provides trading with 22 futures instruments on commodities and Indices, including 11 commodities and 11 indices.
It has expanded to offer direct trading to customers in over 170 countries. Along the way, the company has picked up over 85 prestigious international awards. 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. They also participate in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent. One negative for FxPro is the absence of guaranteed stop‑loss orders.
Furthermore, both platforms support automated trading through Expert Advisors (EAs) and investors can also download Autochartist as a plugin to access advanced trading tools. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
Horrible broker
FxPro’s trading platforms and tools are comprehensive and highly recommended for traders seeking versatility and advanced technology. The offering includes MetaTrader 4, MetaTrader 5, cTrader, and a proprietary platform, all of which provide a robust trading experience. The FxPro spread betting service is provided to UK and Ireland based traders through their own FxPro edge platform. This comes with alow minimum deposit of £100to match the rest of the offering, and you can still trade here with very tight spreads using MT5 market execution, and no commissions.
FxPro commissions and fees summary
Popular features like one-click trading and trading from the chart are available. The app also has an economic calendar, allowing users to stay on top of key fundamental data. When checking account security, I verified that 2-factor authentication is available. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. The platforms are available for both xcritical official site Windows and Mac and Android and iOS on mobile.
In our comprehensive review of FxPro, we’ve concluded that it is a highly recommended broker for forex and CFD traders. Our extensive research and firsthand testing underscore its robust offering and exceptional service, making it a great choice in the industry. Its offering goes above and beyond the average CFD broker, with shares from the US and 7 European countries. It also provides spot and futures commodities and indices, as well as 28 cryptocurrencies.
Offering of investments
FxPro supports multiple funding options including bank wires, Neteller, PayPal, credit cards, and Skrill, accommodating a wide range of payment preferences for its clients. Whether you are a beginner to the markets or an advanced trader, FxPro could be a good fit for you, thanks to its strong performance across all categories of our review. The CFD industry giant still has room for improvement by providing tighter spreads in the Standard Account and private insurance for clients of the offshore entity.
Metatrader is highly customizable and can be used for creating trading robots (EAs) coded in MQL. Metatrader xcritical reviews platforms are very light, and they run basically on every device. While these may not be brighter graphically talking, they are still very user friendly. FxPro offers over 70 forex pairs with low latency and fast order execution and spreads starting as low as 0 pips.
As mentioned above, if you are a large volume trader you will want to try the FxPro VIP account. This typically comes with a high deposit amount of $50,000 or more but can allow access to discounts of as much as 30% on market spreads and cTrader commissions. Overall, you will find that FxPro provides a great environment for many types of trading and at the fastest speeds possible. This means the trading infrastructure itself is very efficient and ultra-low latency, as well as their ability to offer several execution methods. You will find both instant and market execution offered at FxPro. FxPro has one of the highest numbers of retail clients with over 1,866,000 million trading accounts.
Spreads & Commissions
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. FxPro’s support is available 24/5 via live chat, phone, and email. Across all mediums, I experienced short wait times, and agents were helpful and knowledgeable. Overall, I had a positive experience over my two-week testing period. To change the language of the MT4 app, you must change the language for your entire phone.