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Analysis and opinions about the FxPro broke

8 / 10

FxPro is one of the most respectable Forex brokers that offer their users the chance to earn on the Contract for Difference system, Spot indices, securities, precious metals and Spot energies. The activity of this organization covers more than 150 countries around the globe: on the official page of the broker, you can see a multilingual support service that operates around the clock, except on weekends.

All trading involves risk. Only risk capital you’re prepared to lose.
Analysis and opinions about the FxPro broke
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What is FxPro?

It is a company that offers online brokerage services, in other words, it brokers financial transactions in the investment market. The FxPro broker started trading over 14 years ago, since then the company has executed over 370 million orders and is recognised as one of the most reliable trading platforms in Europe. In addition, it has a presence in over 170 countries, executing nearly 7,000 orders per second (on the Forex and CFD markets on a large number of financial assets).          

Featured information:

- Year of foundation: 2006

- Regulated by: CNMV (National Securities Market Commission), FCA, CySEC, FSCA and SCB.

- Online trading platforms: FxPro EDGE (proprietary), Meta Trader 4 (MT4), MT5 and cTrader.

- Available financial assets: over 260 CFD assets in 6 different types (Forex, indices, futures, shares, metals and energy).

- Minimum deposit: 100 euros (no commissions). The minimum recommended by FxPro is 1,000 euros.

- Maximum leverage: changes with the asset to trade (1: 1500 maximum).

Online Trading Platforms: FxPro 

The broker offers up to 5 alternatives for trading, has developed a proprietary platform FoxPro EDGE (with Web and mobile version), as well as the most used by professional traders as: MT4 (plus MT4 Instant version), MT5 and cTrader that have a more advanced software.

 FxPro EDGE: is an online platform that allows CFD trading in all 6 available classes, you can log in from your web browser on your computer, as well as from the mobile application (available for iOS and Android). The computer version offers more than 50 indicators and 6 types of charts, while the App makes it easy to track trades and manage accounts (deposits, withdrawals, notifications, among others).

FxPro EDGE features:

- CFD Instruments: Forex, Metals, Indices, Energy, Futures and Shares

- Trading sizes: Forex, Metals and Futures from 0.01 (micro lots), Shares from 10 lots, Indices and Energies from 1 lot

- Minimum Stop: 1 pip.

- Stop Out: 50% (FxPro CY, FxPro UK) and 20% (FxPro GM)

FxPro MT4 - the most recognised online trading platform in the world, offering a range of customisable features and intuitive design. It is also considered one of the most advanced forex trading platforms, available in web, computer and mobile versions. It allows trading with fixed or variable spreads on 69 currency pairs and all the CFDs available on indices, energies, shares, metals and futures.

MT4 features:

- CFD Instruments: Forex, Metals, Indices, Energy, Futures and Shares

- Available versions: web, computer (Windows and MAC), mobile application (iOS and Android).

- Trading sizes: Forex, Metals and Futures from 0.01 (micro lots), Shares from 10 lots, Indices and Energy from 1 lot.

- Minimum Stop: 1 pip.

- Stop Out: 50% (FxPro CY, FxPro UK) and 20% (FxPro GM)

FxPro MT4 Instant: This is a platform with similar features to MT4, but allows for instant order execution (at the price you see on the platform). In other words, the order is executed at the price offered to the broker (FxPro). For example: when the trader sends the order, the terminal sets the current prices on the order, if the broker accepts the prices, the order will be executed. Otherwise, a so-called "Requote" will occur (the broker returns prices at which the order can be executed).

Features of MT4 Instant:

- CFD Instruments: Forex, Metals, Indices, Energy, Futures and Shares

- Available versions: web Trader, for computer (Windows and MAC), mobile application (iOS and Android).

- Trading sizes: Forex, Metals and Futures from 0.01 (micro lots), Shares from 10 lots, Indices and Energies from 1 lot.

- Cost of trading: as with MT4, all instruments: extended margin (no commission). Fixed MT4 spreads apply to 7 major pairs only.

- Minimum Stop: 1 pip.

- Stop Out: 50% (FxPro CY, FxPro UK) and 20% (FxPro GM).

MT5: represents an update of the MT4 platform and has new features, although not as popular as the previous version, it offers the same level of reliability and advanced development. It offers the possibility of using charts in 21 different time periods, as well as fixed or variable spreads (low, from 0.6 pips).

MT5 features:

- CFD Instruments: Forex, Metals, Indices, Energy and Futures

- Available versions: web, for computer (Windows and MAC), mobile application (iOS and Android).

- Trading sizes: Forex, Metals and Futures from 0.01 (micro lots), Indices and Energies from 1 lot.

- Minimum Stop: 1 pip.

- Stop Out: 50% (FxPro CY, FxPro UK) and 30% (FxPro GM).

FxPro cTrader:is a robust platform and provides an excellent user experience for professional traders. It allows trading with spreads from 0 pips, without re-quotes on almost all available financial assets. It can also be connected to automated trading systems (trading robots).

Features of cTrader:

- CFD Instruments: Forex, Metals, Indices and Energy

- Available versions: web, for computer (Windows), mobile application (iOS and Android)

- Trading sizes: Forex and Metals from 0.01 (micro lots), Indices and Energies from 1 lot.

- Minimums of Stop: No minimum available.

- Stop Out: 50% (FxPro CY, FxPro UK) and 30% (FxPro GM).

Financial instruments available on FXPRO 

Forex: 

FxPro offers the ability to trade over 70 currency pairs (the most quoted), with tight spreads and efficient execution (average execution time: 11.06 milliseconds). In addition, it allows maximum leverage depending on the size of the order:

Lots

Leverage

0-100

Max. 1:500

100-200

Max. 1:200

200-300

Max. 1:100

300-500

Max. 1:50

500+

Max. 1:33

Futures: 

CFDs on futures allow the possibility of trading price fluctuations on a variety of assets (commodities). FxPro's MT4 and MT5 platforms allow dynamic leverage on open positions:

Lots

Margin

Maximum leverage

0-50

2%

1:50

50-100

4%

1:25

100-150

10%

1:10

150-300 

16%

1:6.25

>300

20%

1:5

Indices:

They are a very popular asset among advanced traders and allow speculation in a given market (they combine shares of the world's largest companies). They also offer dynamic leverage (MT4 and MT5 only) depending on the size of the trade, the margin requirement is shown for some assets:

Margin

1.50%

20% (For seniors)

AUS200, Euro50, France40,                             Germany30, Japan22, UK100,                            US30, USNDAQ100, USSPX500

25

100

3500

ChinaA50, ChinaHShar, France120,                    -                        100                  3500

Germany50, Swiss20, Spain35,

US2000, GerTech30, Holland25,

HongKong50, UKmid250

-

100

3500

Actions:

FxPro allows you to trade CFDs on over 150 shares and choose positions (long or short) to gain from speculation on price movements. Below is the margin required to trade some assets:

Margin

4.00 %

20.00 %

60.00 %

French shares 

< 25000

< 75,000

75000+

Metals:

offer an alternative to diversify the trading portfolio (through CFDs), opening positions to speculate on the price of gold and silver.  

Energy:

At FxPro you can trade CFDs on spot energy: Brent oil, WTI and natural gas. The margin required to open a position is then determined by the size of the trade:

Lots             Margin

0-20               1.00%

20-100              2.50%

>100              5.00%

FxPro Account Types

  Traders who choose to register with FxPro can open either a real or demo account on the various platforms available, each offering particular trading conditions (features are detailed in the section above: "Online Trading Platforms").

FxPro demo account: 

registration is completely free of charge and to enter the FxPro demo account, the user must choose a platform for practice trading (FxPro demo MT4, MT5, cTrades or FxPro EDGE). This account includes a virtual balance of $100,000, which is automatically topped up when it is depleted.

FXPro offers the possibility to use the demo account for 180 continuous days, while demo accounts in MT4 and MT5 platforms are limited to 70 open positions. However, users can open them as much as they need to train or get acquainted, all offering similar conditions and prices to the real ones.

FxPRO Real Account: 

The broker allows you to open up to 5 accounts (1 for each available platform), see some key features:

  1. MT4 Account: fixed spreads with instant execution.
  2. MT4 Account - variable spreads and instant execution.
  3. MT4 Account: floating spreads and Market Execution (the order goes directly to the forex market, to the liquidity providers).
  4. cTrader Account: Floating Spreads and Market Execution
  5. MT5 Account: floating spreads and Market Execution

Retail and premium (VIP) trading accounts

 FxPro also offers retail and premium (VIP) trading accounts that provide access to preferential terms (these are aimed at professionals trading amounts from $50,000 (or euro equivalent)). Below are some of the benefits of the VIP account:

- Unlimited access to a VPS (Virtual Private Server)

- Discounts of up to 30% on cTrader account fees.

- Discounts of up to 30% on market spreads.

In addition, they allow the registration of corporate accounts, it is as simple as in a standard account. You only need to enter the authorised representative's details and login, you also need to provide company documents (e.g. certificate of incorporation, articles of association, etc.). Once FxPro receives the documents, they verify and assist you in completing the application.

How to register in FxPRO?

  1.  New users can gain access by registering for free. It is necessary to fill in an online form with all personal information (name and surname, contact details and address). They must also complete a questionnaire on the platform's investment plan. Once the registration process has been completed, they will be able to access the demo account (on any of the available platforms and versions).
  2.  The real account establishes an additional process related to the verification of documents, upon completion of the requirement receives an email with the credentials (authorization to initiate operations). They must also make a minimum deposit of $100 (or equivalent in Euros), although FxPro recommends starting with a minimum deposit of $1,000.

Deposits and Withdrawals at FxPRO

Transactions involving deposits and withdrawals are handled quickly by FxPro, the withdrawal process is completed within 24 business hours (although the transaction time may be increased according to the payment method selected).

The FxPro platform also sets a minimum deposit of $100 (to open trades). In addition, it accepts the most widely used payment methods, and knows the minimum times according to the type of transaction:

  1.  Bank Transfer: from 24 business hours (no fees for deposits and withdrawals, however the sending - receiving bank may apply some additional fees depending on the bank's conditions).
  2.  Credit and debit cards: 10 minutes for the deposit and 24 working hours (no fees for deposits and withdrawals, however the issuing - receiving bank may apply some additional charges depending on the bank's conditions).

Broker's Summary (FxPro opinions)

(GB) FxPro is undoubtedly one of the best Forex and CFD brokers, offering a wide range of options on the world's most traded markets. In addition, it enables diversification of the trading portfolio through CFDs on Forex, stock indices, commodities and futures.

Beginners can also have a demo account and comprehensive training, while professional and advanced traders find trading conditions attractive (they can have several platforms and adapt them to their trading strategies). FxPro also allows you to open a corporate account (in the company's name, with a normal registration procedure), demonstrating the variety of options and versatility that this platform offers.

Broker: FX PRO
Founded in: 2006
Minimum deposit: 100 $
Demo account: Free
Commissions & fees: 0-45$
Regulation: CNMV, FCA, CySEC, FSCA and SCB.
Visit official website
Broker’s statistic
Broker: FX PRO
Founded in: 2006
Minimum deposit: 100 $
Demo account: Free
Commissions & fees: 0-45$
Regulation: CNMV, FCA, CySEC, FSCA and SCB.