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. 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. FxPro competes among the top MetaTrader and cTrader brokers, featuring multiple account options, execution methods, and platforms. It provides its own proprietary FxPro Edge app, available for web and mobile, alongside access to the BnkPro app and Invest Web platform.
- FxPro brings all the trading tools and features of the desktop version directly to your mobile device.
- While there are no deposit and withdrawal fees at FxPro, there is an inactivity fee.
- The real-time market information is crucial for my short-term trading approaches.
- FxPro enforces its negative balance protection policy across all its financial products (forex, CFDs, and spread betting).
- I’m greatly appreciative of the trading platform’s dependability and rapid customer service.
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). FxPro’s primary drawback is its higher-than-average pricing, which just can’t compete with the lowest-cost forex brokers, even on its lowest spreads available via its cTrader platform offering. FxPro offers both variable and fixed spreads depending on the account type. 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 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.
Trading Fees
Justin has published over 100 finance articles from Forbes, xcritical scammers Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. FxPro Wallet comes with no additional fees, but in some extreme circumstances, FxPro clients can be charged a withdrawal fee depending on the withdrawal method.
FxPro recommends a minimum deposit of $1,000 for optimal trading, although clients can deposit as little as $100. This flexibility allows both low-capital traders and professionals to start trading. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
The following table summarizes the different investment products available to FxPro clients. We don’t recommend the broker for intermediate or expert traders as FxPro has some of the highest trading fees. Their standard account has high spreads while their Raw account has competitive spreads but high commission rates. They also don’t offer commission rates in any currency but the USD which isn’t ideal for trades in regions such as Europe, Australia of the UK which have a different base currency. Choosing the right trading account depends on your trading style and other xcritical rezension important considerations (spreads, leverage, technical tools, trading platforms, execution speed, etc.). The below table compares the spreads of FXPro with the average from different brokers that offer a standard account.
How are FxPro’s spreads and fees structured?
While the negative balance protection policy is more common to be enforced in Europe due to the ESMA rules, FxPro treats all of its clients the same regardless of their jurisdiction. The FxPro MT5 trading platform has been awarded two times in the 2015 and 2016 UK Forex Awards. The range of CFDs available on the MetaTrader 5 platform is more limited compared to the MetaTrader 4 platform.
Swap-Free Account Fees
One interesting detail to note is that FxPro fixed spreads will vary depending on the time of the day you trade. FxPro’s variable spread accounts for market execution, meaning if the spread you requested is unavailable, FxPro will execute at the next best available price. 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. The Help Center is equipped with a search feature where potential FxPro customers can type to search for the right information. The most interesting section is the Featured Articles, which tries to answer simple questions like how to open a live trading account and the most asked question.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The FxPro review was crafted by our devoted team of investment and business professionals at Compare Forex Brokers. As an NDD forex broker, FxPro executes clients’ orders anonymously without any intervention in the exchange rates.
Data safety
FxPro offers a raw spread account on the MT4 platform, providing FX and metals trading. On the cTrader platform, FxPro provides even tighter spreads for FX and metals. In the table below, FxPro’s spreads are lower than the average standard, save for the USD/SGD pair. I’m greatly appreciative of the trading platform’s dependability and rapid customer service. The real-time market information is crucial for my short-term trading approaches. The clear transparency and promptness foster trust for sustained success.