FxPro’s research and insights tools are above average for the industry. 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.
Whether it’s during standard hours or beyond, traders can rely on FxPro’s dedicated customer support team to provide prompt assistance, enhancing their overall trading experience. The range of symbols available at FxPro will largely depend on your chosen trading platform. 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. However, the cTrader account, with a commission fee of $4.5 per side, has tight spreads that start from 0.2 pips.
Traders get access to hundreds of trading idea each session as Trading Central covers overt 8,000 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. FxPro offers a range of account types tailored to cater to the diverse needs of traders, ensuring accessibility and flexibility in trading.
Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MetaTrader 5 and will simply cancel offsetting orders. Our team of industry experts also assessed the mobile trading Apps offered by FxPro. FxPro brings all the trading tools and features of the desktop version directly to your mobile device. Additionally, this forex broker released its own branded account management tool called FxPro Direct App.
Ratings and reviews
Elite clients qualify for rebates, which lower fees by at least $1.50 per lot. Accounts are opened fast through an online application, the standard operating procedure in today’s marketplace. 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.
- Support is available in over 20 languages, ensuring traders worldwide can get assistance quickly and efficiently.
- FxPro offers a diverse range of account types to cater to various trader needs.
- Traders who don’t have trading solutions based on the MT4 code should take advantage of cTrader.
- Some of the awards include Best FxProvider 2021, Best Trading Platform 2020, Best CFD FX Provider 2021, and more.
Flexibility and Accessibility
FxPro charges an inactivity fee of $15 (or the equivalent of the account currency) after 12 months of inactivity and $5 every subsequent month. The FCA and CySEC are renowned regulatory authorities, so we can say that the broker’s regulation status is solid. Note that FxPro does not offer its services to residents of certain countries, such as the United States, Iran, and Canada. Simulated demo‑account trading is available but only after providing personal identification documents.
Customer Support Contacts
They also participate in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent. Some brokers offer this feature for a fee, but FxPro does not offer this at all. We used a standardised process to collect all the information needed to assess FxPro’s performance. And, based on our proprietary scoring system, we concluded that it’s safe to trade with FxPro. FxPro has a trust score of 60 based on its regulation, reputation, and reviews. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
MT5 is the failed successor of MT4, and due to the absence of cross-platform support for existing MT4 solutions, it has never been able to achieve the success of MT4. For new traders who have no existing MT4 applications, the MT5 platform may be worth consideration. Despite a fresher-looking interface, MT4 remains the dominant trading platform by MetaQuotes. FxPro is committed to providing its clients with full trade reporting and support.
FxPro offers 24/5 customer support via live chat, email, phone, and fax. Support is available in over 20 languages, ensuring traders worldwide can get assistance quickly and efficiently. One interesting detail to note is that FxPro fixed spreads will vary depending on the time of the day you trade. Each analysis under the Market Snapshots section is quick, and traders looking for a more detailed analysis will be disappointed.
FxPro also advertises that it 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. You can download FxPro cTrader platform or Windows desktop version, MAC version, or browser-based with the cTrader Web platform. FxPro processes all withdrawals within one business day, but it can take longer for funds to arrive, dependent on the payment processor. FxPro has an online application form which is standard operating procedure. The Trading tests section offers a nice finish to the educational course.
Yes, FxPro ranks xcritical reviews among the most trusted brokers, operational since 2006, compliant with four regulators, and home to over 2.1M traders. 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. For the best brokers in Canada, see the list of the top Forex brokers in Canada.
Offering of investments
Unlike other brokers, FxPro offers streaming mobile news with major news headlines that can impact markets. This allows traders to follow market developments on the go in real time. 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.
We’re regarded as the go-to authority on broker reviews content because among other things we only investigate regulated forex brokers. FxPro operates under the norms and standards imposed by the world’s most trusted forex regulatory bodies. The rules laid down by the forex regulators ensure that all forex traders have xcritical cheating fair access to the global markets. FxPro offers a level playing field for all market participants and first-class online trading services.