FxPro: Online Trading Broker Apps on Google Play
The total number of trades in FxPro has increased from year to year. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro. FxPro MT4 users who want to step up their trading career can move to FxPro MT5.
Customer Support and Payment Options
The MetaTrader 4 platform update will be released on Friday, February 23, 2024. This version provides error fixes and platform stability improvements. The MetaTrader 4 platform update will be released on Friday, March 1, 2024.
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. Unlike other demo accounts, the FxPro demo account doesn’t expire meaning that you can practice trading until you feel ready to make the jump to trading with real money. If you’re interested to learn more about FxPro, check out our full review.
Customer Service
When signing up with FXPro however, be aware that it may take several days before you can start trading. You’ll need to provide a colour scan of your passport, national ID or driving license, and then be able to answer a series of compliance questions to establish your level of trading experience. This can take up to 15 minutes, and then you may have to wait a few days to be approved, although equally you may be approved straight away.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Our research team conducts thorough testing on a wide range of features, products, services, and tools (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.
Beginners are recommended to start with the FxPro Platform or Metatrader 4. Both will help you learn trading tools and market dynamics in a simpler environment. If you are sure that you understand all the mechanics, then you can try other platforms to find the one that is more attractive to you visually and the most suitable for your trading style. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. With its robust trading infrastructure, competitive pricing, and flawless order execution free from any dealing desk interference, FxPro MT4 emerges as a formidable option for online forex trading.
The FxPro MT5 trading platform has been awarded two times in the 2015 and 2016 UK Forex Awards. The range of CFDs available on the MetaTrader 5 platform is more xcritical official site limited compared to the MetaTrader 4 platform. FxPro customers can only trade 5 CFD markets, which excludes support for shares trading.
Other trading platforms
I’ve never experienced downtime or slow trade execution, which is crucial for me as a day trader. The mobile app is also well-designed and easy to use, which is convenient when I’m not at my desk. The FxPro Platform may be lacking compared to the more widely used trading terminals, but it is one of the best FX and CFD broker proprietary trading platforms in the industry. FxPro won the Best Trading Platform by Shares Awards in 2013, and then again in 2021. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro.
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. Depending on the preferred forex trading platform, FxPro clients can get access to a different range of markets, different spreads, different order execution models, and different trading tools.
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. FxPro says they are well‑known throughout the industry as a trustworthy and reliable broker. All that’s needed now is for you to click create, and you can proceed in downloading your chosen platform. With technology and the freedom to post thoughts and opinions on social media, there is a lot of unverified and false market news on the internet.
The range of symbols available at FxPro will largely depend on your chosen trading platform. For traders that choose to use MetaTrader’s suite of platforms, FxPro offers over 400 CFDs, including forex, shares, indices, metals, and cryptocurrencies, compared to roughly 100 for its cTrader offering. There are also thousands of shares available to trade in FxPro’s BnkPro app, though it isn’t yet fully available globally. The following table summarizes the different investment products available to FxPro clients.
- There are around 60 UK and International Awards which had been achieved by FxPro.
- Use our country selector tool to view available brokers in your country.
- This flexibility allows both low-capital traders and professionals to start trading.
- FXPro operates a policy of negative balance protection, which should stop you from going into the red on your forex account.
- 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.
FxPro’s MT4 download is only compatible with macOC Catalina (10.15) and below at this moment in time. This is because its MT4 download requires Python 2.7, which is no longer included in the latest macOS releases. If your MacBook has been updated to the latest version, we suggest xcritical reviews downloading MT4 from the MetaTrader 4’s official website instead(2). Please contact FxPro’s customer support if you need further assistance.
FXPro clients using MT4 can choose from a fixed spread account with instant execution, a floating spread account with instant execution, and a floating spread account with market execution. As previously mentioned, it is also possible to open a demo account and “try before you buy” with a virtual balance of $500,000. FXPro also offers a VIP premium account for high net worth clients and/or those who are actively trading in large volumes. The premium account requires a minimum deposit of $50,000, and in addition to the benefits previously mentioned, VIP account holders also get a free FXPro MasterCard. Corporate and joint accounts are available, and a client can hold up to five different trading accounts simultaneously. Subject to approval, clients can also open a PAMM account with FXPro.
FxPro cTrader platform is more suitable for tech-savvy traders than novices, who won’t even bother reading the manuals. It is the best option for traders who seek to improve their autotrading setup with more advanced technology, and those who seek excitement from coding better trading strategies. Those who have accumulated experience in other markets will also be able to navigate the platform easily.
For example, forex broker Pepperstone spreads start from 0.60 pips EUR/USD for their standard account. 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.
