The worlds #1 Broker*. With FxPro's live trading accounts, you can experience the best in order execution and trading technology alongside powerful trading tools.
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They also offer advanced order-matching and execution technologies that are continuously upgraded. This includes desktop versions as well as mobile version plus a web trader version. MT4 remains the most popular trading platform as millions have been invested in order to create custom solutions which enhance the trading experience. A comprehensive suite of automated trading solutions, called EA expert advisors in the MetaTrader universe, are also available with countless more being created. When it comes to online Forex trading, MT4 has established itself as the market leader and with available additions it can indeed become a powerful gateway to financial markets.
MT5 is the failed successor of MT4 and due to the inability to hedge positions as well as the absence of cross-platform support for existing MT4 solutions, it has never been able to achieve the success of the MT4. This platform offers the best trading conditions, raw spreads at the price of commissions, and is fully equipped to handle automated trading solutions and traders can easily create their own from inside the platform.
MT4 trading platform is available with the full suite of desktop, mobile and web-based applications. The MT5 trading platform is also offered for those traders who have no existing MT4 trading applications but prefer to remain within the MetaQuotes offering. The most unique feature offered by FxPro remains its NDD execution model which is at the core of its trading environment.
FxPro is home to over 1.
The broker claims to have executed over ,, orders at the time of this FxPro review. The tremendous growth of FxPro has led to numerous sponsorships over the years which include three Formula1 teams, four football clubs, two rally championships and over 22 events. This is more likely a marketing gimmick than anything else, as it provides no real benefit to the traders. FxPro offers in-house research while it has also partnered with Trading Central in order to offer a third-party solution to its clients.
The educational section is very comprehensive and an excellent starting point for new traders. FxPro has done a fantastic in both departments which complement the trading conditions offered; the attention to detail and fresh content is respectable. The Economic Calendar is very straightforward and gives traders an overview of all events scheduled for the session and their potential impact. It is well structured and easy to navigate, offers explanations as well as limited historic data.
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Since FxPro does offer share trading as well as spot indices, it is nice that this broker also offers an Earnings Calendar; it is split into the following categories: Earnings, Shares Ex-Dividends and Spot Indices Dividend Adjustment. A very simple, but well-thought through calendar. Market holidays often lack the attention, but committed traders want to be aware of them as it will have an impact on assets.
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The FxPro Market Holidays section is very detailed and highlights which assets are impacted. This brings us to the two prime sections of the research department, the in-house FxPro Market News and the third-party Technical Analysis by Trading Central section. Plenty of fresh research and analysis updated several times during each trading day, makes the FxPro Market news section a nice read during a trading break. Each analysis under the Market Snapshots section is rather quick, and traders who were looking for a more detailed analysis will be disappointed. The Daily Outlook is also very brief and touches on the key aspects without going deep into details.
The Crypto Review offers the most content but remains far from comprehensive. A much more detailed analytics service is offer to clients through the FxPro Partnership with Trading Central, a leader in independent research. Traders get access to hundreds of trading idea each session as Trading Central covers overt 8, assets. This is a solid service and many new traders will make it a staple of their daily trading routine.
Trading Central is one of the premier services for brokers to outsource capital-intensive, time consuming analytics and research. It is a well-designed, interactive course and new traders are highly recommended to take advantage of it in order to broaden their knowledge base. The courses offered do a great introductory job to trading. The Basics section is further divided into Beginner and Advanced and consist of nine sections with a test at the end. The Fundamental Analysis and the Technical Analysis sections follow the same format, are split into Beginner and Advanced and come with cards as well as videos.
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The progress bars give traders an idea of where they are on their educational path. One thing that we really appreciated during this FxPro review was that the broker dedicated an entire section to trading psychology, which may be the biggest challenge for all traders to master. Unfortunately, the video tutorials have been buried in the FAQ section at the bottom under a Watch and Learn category. It would have been nice if they would be presented in their own and traders who wish to browse the videos are better advised to do so on the official Youtube channel of FxPro.
At the time of this review, there were no Webinars which was surprising considering the popularity of webinars these days and the offering of webinars by so many other brokers. FxPro customer support is best accessed through the Live Chat feature, but traders can also request a call back, contact them via phone, send an e-mail or stop by at one of their office locations. The FAQ section handles all major questions, but it is good to know that in case of an emergency, a qualified support team stands by to assist. FxPro offers a nice range of payment options inside its FxPro Wallet.
The choices depend on the location of the trader , and FxPro has created a great page where the entire process is explained in detail. Third-party bank fees may apply. Traders can easily move funds between multiple trading accounts inside their FxPro Wallet. FxPro is headquartered in London, UK. FxPro generates its revenues through spreads, commissions and a monthly fee for their VPS service. The maximum leverage is dependent on the asset traded as well as the total position size, but is capped at Navigate to the FXPro website, log in with your credentials, and then go to the account section.
Select which one you wish to delete from the drop-down menu. Alternatively, you may reach out to customer support to assist you with the deletion process. A well-regulated broker across five jurisdictions, FxPro has enjoyed phenomenal growth over the past decade thanks to its excellent trading conditions. Traders enjoy true NDD execution with tight spreads in the cTrader platform, but a slightly elevated commission applies for this service. FxPro offers an expanding asset base across six classed, a transparent pricing approach and an excellent educational section.
The FxPro Wallet makes intra-account transfers quick and easy, a great customer support team stands by if needed and FxPro has collected over 60 industry awards for its services. Research is provided through an in-house team which provides basic research while a partnership with Trading Central offers a more in-depth analysis of financial markets.
Regardless if you are a new trader, an established one or an institutional client, FxPro will cater to your needs in a professional manner. VPS hosting is available at a charge which is the only unfortunate fact about his broker while commissions could be lowered given the overall success of this firm. Despite this, the bottom line remains that FxPro is a world-class broker with an expanding asset and client base.
An account with FxPro should be part of any trader who seeks an excellent gateway to financial markets or who needs to diversify portfolios across different brokers. FxPro executes its business model to perfection and is a prime example of how a brokerage should be operated. Did you have a good experience with this broker?
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I tried cTrader with this brokerage service and it turned out that this platform is no inferior to MTs. So, I decided to use cTrader and I will never regret about this decision. As for the brokerage itself, I can say that it definitely deserves its reputation of one of the industry's leaders. They do their job flawlessly.
FxPro has an excellent mechanism for protecting against risks. There is a separate FxPro Wallet where you can keep your funds. Some brokers offer this feature for a fee, but this is not offered by FxPro at all. The desktop browser experience is in line with the industry average and allows traders to easily execute trades with clear and transparent pricing.
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Charting is also available with various indicators and studies. Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MT 5 and will simply cancel offsetting orders. FxPro allows traders to see other clients' positioning, which gives a sense of market positioning.
One big advantage is that FxPro provides traders with a real-time audio squawk box that alerts them to market moving events. There is also a running news feed with the latest market headlines and a link to Trading Central WebTV. FxPro has a good mobile offering with the app available in both iOS and Android. Security features are standard, with the option to replace the login with an Apple's Touch ID.
Watchlists are easily customizable and it is also possible to have multiple lists. Mobile price alerts are available.
Traders simply need to select the instrument, decide which price to alert bid or ask and then choose to alert when the price is higher or lower than a selected level. Unlike other brokers, FxPro offers streaming mobile news with major news headlines that can impact markets. Conditional orders are easy and straightforward to set up with various types on offer.
Traders can also specify when the order will expire, providing another degree of control. Finally, FxPro has an acceptable mobile charting offering. Traders can choose multiple time frames to monitor and can easily add multiple trading indicators, such as moving averages. After setting up a chart, the mobile app allows traders to easily trade from the chart, with easy trade sizing and buy and sell directional orders.