We did notice that the commission for this broker is on the high side of the spectrum. On the platform, there is available a long range of instruments and asset classes, starting from the currency pairs to Brent oil and DAX. The platform is a very good choice for traders that do not have a developer’s background but still want to automate their trading. The latest addition in the set of trading software is the Markets web-based platform. As well as MetaTrader’s WebTrader, it is accessible from the browser.
Other trading platforms
- FxPro Financial Services Ltd is a member of the Investor Compensation Fund (ICF).
- This in itself is often as much as our CFD review team have seen elsewhere, so it is an overall net positive for the broker.
- Traders can swiftly move funds between multiple trading accounts inside their FxPro Wallet.
- FxPro traders also enjoy negative balance protection in case leveraged positions are exposed to natural market events which would otherwise result in a negative balance.
- It has expanded to offer direct trading to customers in over 170 countries.
This platform is undoubtedly an excellent choice for traders with any level of experience. FxPro has an award-winning customer support service available around the clock whenever the markets are open. In 2014, FxPro was named the Best Forex Customer Service Brand, Europe, by Global Brands Magazine. FxPro offers its customer service in different languages catering to a global customer base.
My Key Takeaways After Testing the FxPro Trading Platform
Founded in 2006, FxPro has executed more than 600 million orders since its inception and has serviced 1.8 million clients in over 173 countries. The FxPro brand holds regulatory licenses in the United Kingdom under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, as well as in South Africa, and the Bahamas. Use our country selector tool to view available brokers in your country. Note, liquidity providers do not have access to trade details or any other delicate information. Earnings calendars and hedging tips can also be found in FxPro’s additional resources.
Deposits and Withdrawals
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. FxPro provides a number of chart options including line charts, bar charts and Japanese candlesticks. Traders can also benefit from the FxPro library which is an EA marketplace that allows traders to download ready-made EAs developed in-house.
The distinguishing aspect that sets it apart from competitors is Level II pricing providing complete market depth for greater transparency. Additionally, traders can leverage algorithmic capabilities to create bespoke trading robots or indicators using this cutting-edge tool. Yes, FxPro provides leverage options, the degree of which varies based on the account type and the instrument being traded. The Islamic Account provided by FxPro caters to Sharia-compliant traders. It offers a swap-free option, where administration fees are charged instead of overnight interest payments after a specific duration. The Standard Account offered by FxPro presents an extensive selection of trading products free from commission expenses, catering to traders who prefer uncomplicated pricing formats.
Best Offers
The demo server makes for a great central trading hub to get familiar with markets and develop strategies. Then when your confidence has grown you can upgrade to a live account. There are even occasional demo contests where you can put your practice to the test against other traders. The cTrader platform was designed to offer ultra-low spreads and competitive trading conditions.
The calendar can be customized to display only the events of interest to the trader. I found the economic calendar to be an important tool since I have been using fundamental analysis methods as part of my trading strategy. FxPro provides mobile trading apps for both Android and iOS devices, allowing traders to stay connected and manage their trades on the go. FxPro’s transparent fee structure, competitive spreads, and minimal account maintenance charges contribute to its high rating.
FxPro says that due to the high volumes of their clients’ trades, it can internally match a great deal of their order flow. This allows the company to minimize risk and costs without interfering with orders in any way. FxPro https://traderoom.info/ does not seem to offer any discounts for higher-volume traders on the couple commission types it does charge. A lot has been written about the reliability and trading conditions that FxPro provides to its clients.
Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
The broad selection of currency pairs, including both major and exotic options, enhances my trading potential and supports the diversification of my investment portfolio. FxPro 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. They also participate in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro https://traderoom.info/fxpro-overview/ were to become insolvent. FxPro prides itself on its «five‑star customer service,» specifically its multilingual, 24‑hour Monday‑through‑Friday (24/5) customer service team. Its live phone support operates in several locations, which include the United Kingdom, Cyprus, Monaco, Bahamas, and the United Arab Emirates. FxPro has an educational page providing beginners with content to learn about trading, CFDs, finance, and other topics relevant to the company’s offerings.