FxPro Review 2023: Detailed Analysis Of The Broker!

negative balance protection

Beginners can get training materials and also open a demo account with FxPro. However, recently I had to open one more account here – a FxPro one. It’s because they increased the number of digital coins. One can’t trade cryptos on cTrader here and to take advantage of it I had to open one more account and I don’t regret doing that. I wish you don’t have such an experience, especially with FxPro you can learn a lot of meaningful things and safe at the same time. I can’t call myself a very successful trader, but I have more than three years of experience and during this time I have been with a couple of companies before I chose FxPro.

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All of the platforms have mobile versions, web-based versions, and downloadable desktop versions. All traders are able to open a demo account at FxPro and practice trading without risking any real money. Demo accounts can be used to test any of the available platforms and come with up to $500,000 in virtual funds. Please note that inactive accounts are deactivated after 180 days.

Should you buy your silver bullets on FxPro?

The cTrader platform also offers in-depth market research and covers most of the markets. Another highlight of FxPro’s cTrader is that orders are filled in a matter of milliseconds. MT4 and MT5 platforms together make for the FxPro Metatrader suite.

Demo accounts are ideal for designing strategies and also for backtesting them. It allows traders to practice trades without investments and is an essential tool to understand how the different markets work. FxPro Edge is a customizable trading platform offering tax-free investment products across six asset classes exclusively for the residents of the United Kingdom.

customer support

I was interested in the availability of several platforms such as cTrader, MT4, or MT5. The company also has low spreads and low slippage. Since I primarily trade on the news, tracking strong trends, integrated economic calendar for me is simply irreplaceable.

How do I know I can trust these reviews about FxPro?

The fxpro review fee is $45 for every $1 million traded upon opening a position and $45 upon closing the position, making it $90 for a round turn. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.

  • The same applies to credit cards, where the withdrawal amount is deposited to the traders’ credit card.
  • FxPro only offers Swap-free accounts for religious purposes as per the Shariah law.
  • Unfortunately, the video tutorials have been buried in the FAQ section at the bottom under a Watch and Learn category.

The spread on this account starts at 1 pip for major forex pairs, and you’ll pay a swap fee whenever you keep a trade position open past the closing time of the market. FxPro is a global, experienced broker that have won multiple awards. I like that they are regulated in multiple countries as this means that they must abide by the applicable regulations put in place to protect investors. With numerous clients served in many years of operations, I have seen FxPro become an established broker within the online brokerage industry.

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You can perform this type of trading based on the Metatrader 5 trading platform, there are more than 2000 stocks for trading. That’s why I started trading in the financial markets, I liked how I can make money with these tools. I remember that I had a very positive impression once I started to trade here.

FxPro offers the choice of Metatrader MT4 and MT5 platforms as well as cTrader. All trading platforms are available as desktop versions for PC and Mac as well as mobile apps and as WebTrader. I found setting up an account with FxPro really easy.

How we ranked fees

It requires https://traderoom.info/ to fund at least $100 for the first time, which sounds like a quite reasonable initial deposit requirement for most regular traders to get started. FxPro also offers Professional Account and VIP Account status to some clients. Swap-free Islamic Accounts are available for Muslim traders, and beginners can open demo accounts to practice trading before putting real money on the line.


To open an FxPro demo account, you just need to go to their web site’s homepage, scroll down, and click on the blue “Try demo account” button. Unlike a real account, this one doesn’t require you to provide any documentation whatsoever. A very interesting feature of FxPro’s demo account is that you can choose how much virtual funds you’ll have on your balance. Just request it from FxPro’s agents, and they’ll add anything between $500 and $100,000 to your account.

Hello, i invested 1,000.00 euro and after 7 days of trading FxPro refuse to sent my profit. In my point of view this company can’t be trusted anymore please help me at least recover my 1,000.00 euro i’ve invested. FxPro offers 2100+ trading instruments, including Forex, Futures, Indices, Shares, Metals, Energy, and Cryptocurrencies. Other than these primary factors, FxPro also considers secondary factors like negative instrument prices. This applies to CFDs that can be traded below $0.

And this is not spam, but really important news. For example, they can be about a new Bitcoin record or the minimum that gold has reached. I decided to sign up with this broker because I liked their cTrader and the trading conditions with this platform. With cTrader, it’s possible to trade with very low spreads. I don’t mind paying a commission because such spreads are worth paying it. It’s so good that the trading process didn’t disappoint me.

Despite this, I found the spreads and fees to be comparatively higher than other brokers. If you are primarily looking to trade forex, there should be enough instruments to keep you busy. You can always try the broker out with a free demo account to see if they can meet your needs.

FxPro for Beginners

Aninstant ordermeans an order to trade at the price that appears in the quotes flow. It is possible, though, that this specific price is not available. In this case, the order will be re-quoted with the next available price. You must agree to this new quote before execution. To have a clear overview of FxPro, let’s start with the trading fees. To read much more details about the broker’s services and features, expand on the sections below.

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Also, I like FxPro client support, it is very professional. There is no commission fee for opening and closing positions on the MT4 and MT5 platforms, with FxPro applying a small mark-up to the spread. CTrader clients are charged a commission fee of 45USD for every 1 million USD traded upon opening a position, and 45USD upon closing the position, when trading forex and spot metals. FxPro provides a limited selection of educational materials compared to other similar brokers, but it offers a good demo account. FxPro only offers Swap-free accounts for religious purposes as per the Shariah law.

All payment transactions here are processed quickly. That’s why I highly appreciate the work of FxPro. These guys know how to present a competitive product to clients.

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FxPro is a No Dealing Desk brokerage, offering its users unfiltered access to the market. With a FxPro demo account, new traders and investors can learn how to use the real interface and trade the assets they’d like. The platform also provides a range of learning materials, such as a FxPro calculator, to help users understand CFDs and the process of trading. In addition, FxPro offers a wide range of financial asset CFDs, including metals, energies, futures, forex, and crypto, allowing users to broaden their portfolios. During our research for this FxPro review, we received positive reviews from existing users who found these tools useful for a lucrative trading experience.

FxPro offers an economic calendar with some filtering functions , and has a dashboard page with an overview of recent market moves and client positioning on forex markets. At FxPro you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices. However, popular products such as real stocks or ETFs are not available. These catch-all benchmark fees include spreads, commissions, and financing costs for all brokers. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing.

I can say for sure that they do not work against the client and always honestly pay the profit. I lost track of my account here months ago, and nothing happened to my money, or my account. FxPro Fees are ranked average with an overall rating of 8.5 out of 10 based on our testing and compared to over 500 other brokers.

While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. Not too long ago, in the PRO part of the FxPro review, I’ve mentioned that the brokerage has a lot of learning material for any wannabe trader to take up and study. While that’s definitely much appreciated, admittedly, it’s probably going to be far from enough, in regards to actually learning how to trade CFDs effectively. For starters, the earlier-mentioned leverage trading. On one hand, it’s often deemed as a very dangerous activity that may cause you to lose all of your assets and financial instruments.

  • You have negative balance protection with this account, which means you cannot lose more than the amount of money in your trading account if a trade position is unsuccessful.
  • Long ago I studied programming languages, I need to catch up with it.
  • We mark it as excellent being one of the best proposals we saw in the industry, and a great range including MT4, MT5, and cTrader suitable for professional trading.
  • They just enter trading to earn money, while I prefer to research everything.

Before making financial investment decisions, do consult your financial advisor. The dashboard is, admittedly, the simplest part of the exchange – the confusing part may start when you access the trading screens, and start searching for crypto CFDs. Whenever you hold cryptocurrency in a high-end wallet , your private keys belong to you – in turn, this means that you are responsible for your own crypto assets, too. Cryptocurrencies, however, are the opposite – being viewed as the most volatile speculative investment market ever, crypto assets have become a haven for investors during the pandemic. The customer support team operates 24/7 Monday through Friday, and we found them to be highly responsive and knowledgeable. FxPro has competitive spreads and costs, and compare favourably with most other brokers.

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