FxPro charges or credits overnight financing fees for positions held overnight. A fee might be charged for inactivity on the account after a certain period. Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country.
What are CFDs?
Generative AI tools are xcritical scammers 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. FxPro provides daily market updates and analysis on its blog, along with content from third-party providers.
For online Forex trading, MT4 has established itself as the market leader, and with available additions, it can become a powerful gateway to financial markets. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. 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.
- CTrader offers state-of-the-art algo trading, copy trading, and a performance analysis tool – making it a suitable choice for active, experienced traders.
- Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
- By diversifying and expanding their educational resources, FxPro can better serve traders of all skill levels.
- Watchlists are easily customizable and it is also possible to have multiple lists.
- Despite a fresher-looking interface, MT4 remains the dominant trading platform by MetaQuotes.
- CAlgo is a programming language that enables you to build cBots and custom technical indicators using C#.
FxPro Trading Platforms
Traders can swiftly move funds between multiple trading accounts inside their FxPro Wallet. FxPro offers 4 account types, but the commission-free Standard account features expensive spreads averaging 1.5 pips or $15.00 per 1.0 standard round lot on the EUR/USD, GBP/USD, and USD/JPY. The Pro account lowers average costs by 50% to 1.0 pips or $10.00 per lot, but traders must deposit $1,000. 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.
Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MetaTrader 5 and will simply cancel offsetting orders. Moreover, FxPro offers instrument-specific insights, which offer a deeper understanding of factors influencing the price movements of different assets. Additionally, traders can access comparative analysis of user trading behaviors to gauge market sentiment and make more informed decisions. Payment options include wire transfers, credit/debit cards, PayPal, Skrill, and Neteller. The choices are location-dependent, and FxPro has created a great page explaining the entire process in detail. FxPro does not charge for deposits and withdrawals, except for a 2.6% fee if traders request a withdrawal without any trading activity.
For more content, their YouTube channel also has a short educational playlist. FxPro also provides a glossary of CFD terms, which is not something every broker provides. A well-regulated xcritical courses scam broker across four jurisdictions, FxPro has enjoyed phenomenal growth over the past decade thanks to its excellent trading conditions.
Special Features
My live tests showed that swap fees at FxPro are average for the industry. FxPro shines in its platform offering, which includes MetaTrader 4, MetaTrader 5, cTrader, and the proprietary FxPro Trading Platform. It also beats the industry average when it comes to order execution, with most orders executed in under 12 milliseconds.
How do I withdraw money from FxPro?
FxPro supports multiple funding options including bank wires, Neteller, PayPal, credit cards, and Skrill, accommodating a wide range of payment preferences for its clients. FxPro offers trading in 70 forex pairs and a total of 2,249 tradeable symbols, which is below the industry average but still offers ample opportunity for diversification and strategy implementation. Security features are standard, with the option to replace the login with Apple’s Touch ID. Watchlists are easily customizable and it is also possible to have multiple lists. FxPro has established a solid educational foundation, but there’s room for improvement to compete with industry leaders. By diversifying and expanding their educational resources, FxPro can better serve traders of all skill levels.
With its comprehensive regulatory framework, stringent fraud prevention measures, and client fund security practices, FxPro demonstrates a high level of commitment to trust and safety. Verified traders can withdraw via bank wires, credit/debit cards, Skrill, Neteller, or PayPal. The secure and user-friendly back office handles all financial transactions, and the availability of payment processors depends on the operating subsidiary.
