To make a withdrawal from your trading account, log in to your secure client portal and select the Withdrawal tab from the Funds Management dropdown menu. The time frame for processing a withdrawal request is normally 1-3 business days to allow the broker to complete various security checks before initiating payment. However, it is important to note that FxPro does not accept third-party payments, so all funds deposited into your trading account must be under the same name as your FxPro trading account. Payment from joint bank accounts or credit cards is accepted if the trading account holder is one of the beneficiaries. At FxPro, you can speculate in the equity market without having to purchase actual shares. This is because the broker offers shares as CFDs, which allow traders to speculate on the price movements of an instrument without physically owning the underlying asset.
FxPro is a well-capitalized, trustworthy broker that offers multiple platform options, multiple trade execution methods, and can cleanly execute large orders for professional traders. As a result, all money withdrawn from your account must go to a bank account in the same name as your FxPro trading account. It is preferable to withdraw via the same method used to deposit into the trading account.
About the Editorial Team
The broker makes its proprietary trading platform available in desktop, web, and mobile versions. The mobile version is best suited for traders who wish to check trading positions and place trades while on the move. FxPro is a retail broker that is based in the United Kingdom and offers CFD trading in six groups of assets — forex, shares, spot indices, futures, spot metals, and spot energies. The broker provides clients with access to top-tier liquidity providers and offers fast trade execution with no dealing desk intervention. 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.
The MT4 trading platform has a simple and user-friendly interface that can be rearranged and modified to suit the client’s desires. This forex broker aggregates the price quotes from multiple liquidity providers (more than +12 LP) and gives forex traders the chance to trade against tier-1 liquidity providers. 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. Traders can swiftly move funds between multiple trading accounts inside their FxPro Wallet.
FxPro will professionally cater to your needs, irrelevant to whether you are a new trader, an established one, or an institutional client. VPS hosting is available at a charge, which is the only unfortunate fact about this broker, while FxPro should lower commissions, 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 seeking an excellent gateway to financial markets or who needs to diversify portfolios across different brokers. FxPro executes its business model perfectly and is a prime example of how a successful brokerage operates.
The cryptocurrency market offers traders a new way of investing, free from intermediaries like governments or rating agencies. Like other Bitcoin brokers, at FxPro, clients can trade cryptocurrencies as CFDs in pairs with USD. Energy commodities are some of the most important commodities globally because they are used to power the economy. And, you can also practice energy trading on the demo accounts before attempting to trade them live. FxPro offers CFDs on six asset classes, including Forex, shares, spot indices, futures, spot metals, and spot energies. Their range of available financial assets compares fairly to other big brokers, such as OANDA and Fusion Markets.
Trade Execution
Both FxPro deposits and withdrawals are conducted via an innovative money management tool called FxPro Wallet. This multi-functional account management tool lets FxPro clients transfer funds between their trading accounts in a secure medium. At its core, the FxPro Wallet is synonymous with a bank safe deposit box where you can keep your funds safe and secure. Like with the market execution spreads, we have compared spreads for fixed spreads accounts with brokers that also have fixed spreads. These accounts do not have commission costs so is the same as a standard account other brokers offer.
Comprehensive and Accessible
The best available bid and ask prices are offered as the cTrader platform is the preferred choice for ECN operations, and traders get better market depth through the cTrader platform. FxPro generates its revenues from a combination of spreads and commissions. Commission-free EUR/USD spreads average 1.2 pips in the MT4 trading platform.
FxPro’s operations in other parts of the world are handled by FxPro Global Markets Limited, which is authorized and regulated by the Securities Commission of the Bahamas with license no. Based on most of the metrics by which you might measure the lxcriticalg curve for it, FxPro is better for those who are more advanced and experienced. 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.
The remainder of this FxPro review will focus on specific details of what the company offers (or does not offer) its traders. 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. FxPro’s trading platforms offer a solid and diverse range of options, with support for MetaTrader platforms, mobile trading, and web trading. Moreover, FXPro enhances user flexibility by providing its own web trader and app, ensuring traders can access their accounts conveniently from various devices.
- Like with the market execution spreads, we have compared spreads for fixed spreads accounts with brokers that also have fixed spreads.
- For example, cTrader accounts feature tight spreads from 0.0 pips but include commissions, while MT4/MT5 accounts have zero-commission trading with variable spreads.
- FxPro charges an inactivity fee of $15 (or the equivalent of the account currency) after 12 months of inactivity and $5 every subsequent month.
- Leverage is offered to all traders and depends on which asset is traded as well as on the lot size.
- These features include push notifications, which keep traders updated in real-time about market events and news affecting their trading decisions.
FxPro provides numerous options for algorithmic trading, including platforms and execution methods which allow it to cater well to the needs of active traders that use automated trading systems. As a result, FxPro earned Best in Class honors for Algo Trading and MetaTrader in our 2024 Annual Awards. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
FxPro’s flexibility in deposit and withdrawal methods, coupled with efficient processing times, contributes to its positive rating. However, it’s recommended to review the withdrawal processing times xcritical for each method before making a decision. For clients trading in a different currency, a conversion fee may apply. As a CFD broker, FxPro charges fees based on the spreads and overnight funding rates.
The comprehensive educational section is divided into Basics, Fundamental Analysis, Technical Analysis, Psychology, Trading tests, video tutorials and Webinars & Events. 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 research section features an Economic Calendar, xcriticalgs Calendar, Market Holidays, FxPro Market News, and Technical Analysis by Trading Central. 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, easy to navigate, and offers explanations with limited historical data. FxPro provides mobile trading apps for both Android and iOS devices, allowing traders to stay connected and manage their trades on the go.
Shares are traded on the equity markets, which are centralized stock exchanges that maintain central records of volume and price data, unlike Forex that trades over the counter. MT4 is available as a desktop application for Windows and Mac computers, a web version (WebTrader), and a mobile app for Android and iOS devices. The WebTrader can be accessed through all popular web browsers, such as Chrome, Safari, Firefox, and Edge. Following the standard practice of brokers, FxPro does not xcritical cheating charge any deposit fees. From the table above, the spreads offered by FxPro MT4 Accounts are quite higher than those offered by the big names in the industry — for example, IC Markets, IG Markets, and Fusion Markets.