The execution venue of the NDD broker is FXPro Financial Services Limited although they claim to match most of their client trades internally. The broker also states that all client positions may not be hedged completely, leaving them exposed to market risk to a certain extent. An impressive total of 23 languages are supported and help is typically available on a 24/5 basis while markets are operating as is the case with most brokers. They found the response times to be efficient with the longest wait for a call back being around one hour. They did find that certain elements within the site were rather cumbersome though.
MetaTrader 4 Desktop
‘Quotix’ is FxPro’s proprietary aggregator that collates prices from over 12 liquidity providers. The trading servers are located at the Equinix Data centres in either LD5 London or Amsterdam. The result is that you can get access to deep liquidity and execution speeds calculated in milliseconds. I like this feature as it also provides better security of client funds. FxPro is best for forex and CFD traders who want a wealth of choices in trading markets. Their range of forex pairs and the ability to trade equity indices, individual company shares, cryptocurrencies, metals, and energy set them above competitors in this space.
What are FxPro’s spreads?
They are suitable for both beginners as they are very user-friendly, as well as advanced traders as they come loaded with trading tools and advanced functionality. Besides the MetaTrader platforms, FxPro also offers the professional cTrader platform and an in-house FxPro Edge platform for their clients. I think MT4/5 would be ideal for new traders whereas cTrader is a good option for those who already have some experience trading online as I find it to be slightly more complex to navigate. On the other hand, you will find MetaTrader and cTrader offered by many brokers, including competitors such as Pepperstone. The education section contains a free forex basic course arranged into 9 courses.
- You are able to fill this form with your phone number, name, email, preferred time to call and language.
- The tax-exempt status coupled with the low initial deposit makes spread betting very attractive.
- Moreover, FxPro offers instrument-specific insights, which offer a deeper understanding of factors influencing the price movements of different assets.
- FxPro Financial Services Ltd is a member of the Investor Compensation Fund (ICF).
- The offering includes MetaTrader 4, MetaTrader 5, cTrader, and a proprietary platform, all of which provide a robust trading experience.
Deposit bonus…
Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. I came as a newbie, but now I have already adjusted to the platform and started to use way more tools than it was back in the beginning. I now understand that pricing model here is competitive and order execution is indeed fast. I experience no glitches whenever I open market or pending orders, as well as stop loss triggers correctly… All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
Trading fees and other costs
The choices are location-dependent, and FxPro has created a great page explaining the entire process in detail. FxPro does not charge for deposits and withdrawals, except for a 2.6% fee if traders request a withdrawal without any trading activity. It also applies to wire transfers with restrictions based on location.
This can be useful given you are trading with High Leverage Forex Brokers. Professional traders will, however, lose access to the Financial Services Compensation Scheme. Both FxPro deposits and withdrawals are conducted via an innovative money management tool called FxPro Wallet.
As stated in our FxPro withdrawal review, clients can withdraw their funds without any fees, that is $0 for withdrawal. If you’re worried about whether FxPro is a trustworthy forex broker, you don’t need to worry. FxPro is not a scam because local regulatory bodies have approved and are monitoring its trading services.
FxPro caters to traders of all experience levels, making it an ideal choice for both beginners and seasoned investors. The broker’s ongoing commitment to user-centric features, a variety of account types, and innovative tools position it as a suitable option for a diverse range of traders. The fees are proportionately higher when it comes to spreads https://traderoom.info/fxpro-overview/ and these are also more difficult to interpret and variable than you may find when dealing with other brokers. They do provide you with a strong choice in markets to trade and platforms nonetheless. The average spread on major forex markets with brand starts from a rather heft 1.4 pips at best on most account types and only goes up from there.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. 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.
Traders can swiftly move funds between multiple trading accounts inside their FxPro Wallet. FxPro, founded in 2006 and headquartered in London, boasts a solid reputation as a well-regulated https://traderoom.info/ and reliable forex broker. With over 14 years of experience, they cater to traders worldwide, offering access to a diverse range of trading instruments across multiple platforms.
Most importantly, it is regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. FxPro also advertises that it 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. Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. FxPro Live chat is probably the fastest way to get in touch with one of the FxPro representatives. Additionally, the Help Center is equipped with a search feature where potential FxPro customers can type to search for the right information.
The broker charges a commission of $4.5 per side on the cTrader account. However, apart from the cTrader account, FxPro does not charge any commission on other account types. On those other account types (the MT4 and MT5 accounts), the broker generates revenue only through the marked-up spreads. Yes, FxPro offers the MT4/MT5 trading platforms as well as the cTrader platform and its own FxPro Edge.
