I like how the MT4 has inbuilt features for trading and analytics. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
Alternative Brokers
The Crypto Review offers the most content but remains far from comprehensive. In the cTrader platform, traders can access all the information from the deal ticket by clicking on the “Information” button when placing a market order. We did notice that the commission for this broker is on the high side of the spectrum. There is no question that the regulation offered by FxPro is respectable and should provide a solid sense of security for traders worldwide. FxPro traders also enjoy negative balance protection in case leveraged positions are exposed to natural market events which would otherxcritical result in a negative balance.
Is FxPro regulated?
Founded in 2006, FxPro is a global xcritical website forex and CFD broker with a longer history than many competing platforms in the industry, and a great degree of trust to go along with it. 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.
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. FxPro offers a range of account types tailored to cater to the diverse needs of traders, ensuring accessibility and flexibility in trading.
- Compare FxPro with the top 3 similar brokers that accept traders from your location.
- The customer service department at FxPro are decent but not the best from my experience.
- This separation helps safeguard client money from potential financial issues within the company.
- Considering FxPro as your trading partner comes with unique advantages that set it apart in the competitive world of online trading.
Does FxPro Offer Micro Lot Sizes?
It complies with stringent regulations from bodies like the FCA and CySEC, maintaining high operational integrity. FxPro also uses advanced SSL encryption to protect personal and financial data from unauthorized access. Additionally, negative balance protection is provided to shield clients from losses exceeding their initial deposit, crucial in volatile markets. 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.
Note FxPro acts as a market maker applying a non-dealing desk intervention execution model. Unsurprisingly, platform reviews generally are positive and praise the flexibility of options available. If you register for the FxPro trading system there is a reasonable chance you will also have come across their sponsorship of sports teams and events, including McLaren and Yacht Club de Monaco. In the past, the company has also sponsored Aston Villa, Watford FC and Virgin Racing F1. It has expanded to offer direct trading to customers in over 170 countries.
Raw Account Spreads
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. FxPro’s account opening process is straightforward and well-guided, minimizing the time required to start trading. With its comprehensive regulatory framework, stringent fraud prevention measures, and client fund security practices, FxPro demonstrates a high level of commitment to trust and safety.
FxPro xcriticals that clients’ deposits are properly segregated from the broker’s funds. I get peace of mind knowing that the funds are maintained by the top-rated international banks. FxPro Financial Services Ltd is a member of the Investor Compensation Fund (ICF). FxPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS) and the FSCS insures eligible customer deposits.
The Pro Account by FxPro is ideal for seasoned traders who favor a more economical trading experience and narrower spreads. By depositing $1,000 at the onset, one can xcritical scammers avail of starting spreads as low as 0.6 pips on popular currency pairs without any additional commissions to pay. FxPro, founded in 2006 by Charalambos Demosthenous in Cyprus, stands out as a trusted global brokerage offering competitive trading conditions and a diverse range of financial instruments. With robust regulatory oversight from top authorities including the FCA, CySEC, FSCA, and SCB, traders benefit from a secure and well-regulated trading environment.
