FxPro offers its customer service in different languages catering to a global customer base. Our team of experts was able to validate 21 different languages at fxpro.com. 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. FxPro customers can only trade 5 CFD markets, which excludes support for shares trading. The MT5 platform is the classic go-to solution for more advanced trading features and automated trading solutions.
However, the USA, Iran, and Canada are not eligible for FxPro Contracts for Difference due to certain restrictions. Regardless of a client’s classification & jurisdiction, FxPro provides Negative Balance Protection (NBP). By doing so, you will not lose more than what you have deposited.
Usually, a domestic wire transfer may be conducted within a single day. But in the case of the international bank withdrawal, the delivery process may take up to 3 business days. Moreover, in some cases, if it’s a weekend or holiday to the country of the withdrawal location, it may end up spending more days than the estimated days.
- FxPro has the bonus of being able to offer a trading platform designed for spread betting.
- Most brokers have adopted this platform, due to the comprehensive range of tools and features integrated into the platform.
- When you use this method, your account is directly credited with the funds you deposit.
- You should consider whether you can afford to take the high risk of losing your money.
FxPro was named as having one of the best spread betting accounts. Financial spread betting is a tax-free product under UK law and a popular alternative to CFD investments. The spread bet markets available with the Edge account include Forex currency pairs, shares, spot indices, spot metals and spot energies.
Commissions and Fees
In addition to the usual FxPro minimum deposit of $100, trading forex has been made to work efficiently with FxPro. The unique features it has are presented in a professional and useful way, which enables all traders to be served in an adequate and efficient way. With there being a reasonable minimum deposit for FxPro, the other unique features are what really takes this platform to the next level. FxPro offers clients a wide range of desktop trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Trading Platform.
They also participate in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent. Security features are standard, with the option to replace the login with Apple’s Touch ID. Watchlists are easily customizable and it is also possible to have multiple lists. Yes, it you use MT4 Fixed, then 9 currency pairs are available as a fixed spread.
Is FxPro a good broker?
He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. We used a standardised process to collect all the information needed to assess FxPro’s performance. And, based on our proprietary scoring system, we concluded that it’s safe to trade with FxPro.
We’re regarded as the go-to authority on broker reviews content because among other things we only investigate regulated forex brokers. FxPro operates under the norms and standards imposed by the world’s most trusted forex regulatory bodies. This ensures the highest standard of protection for retail funds. The rules laid down by the forex regulators ensure that all forex traders have fair access to the global markets.
TradeFx Africa
The FxPro’s variable spread accounts market execution which means if the spread you order at is not available, FxPro will trade at the next best price available. GBP transfers between UK banks usually reflect within the same business day and there are no fees. Depending on the type of account you selected, it typically takes a couple of days for the amount https://xcritical.solutions/ to appear on your brokerage account. Once the amount is deposited, you will receive an email notification. This account requires a minimum deposit of $100.The account can also be used to trade on MetaTrader 4 and MetaTrader 5. The time it takes to withdraw cash depends on your bank, while international bank transfers could take up to five days.
FxPro clients are protected from any losses beyond their initial investment. FxPro enforces its negative balance protection policy across all its financial products (forex, CFDs, and spread betting). These accounts do not have commission costs so is the same as a standard account other brokers offer. For this reason, you will find spreads are wider than brokers that have ECN pricing and added commission costs. For international bank wire deposits, please allow 3-5 business days for funds to reflect in your FxPro Wallet.
FxPro spreads to be high when compared side by side with other forex brokers. For example, forex broker Pepperstone spreads start from 0.60 pips EUR/USD for their standard account. The lxcriticalg tools available at FxPro teach you how to create an easy trading plan, and to learn the strategies of risk management to protect your capital. After lxcriticalg, it will become easier for you to identify available investment opportunities and work on them when necessary. To make educative tools more available to potential traders, FxPro do publish videos on YouTube, which is a big plus for the broker.
Beginners are well prepared for the trading challenges that you are likely to come across on the international currency markets. The FxPro library contains short, insightful and informative videos, which provide the basics of trading. The videos will give you comprehensive information on the FxPro trading platform, and general trading tips and strategies.
These spreads are published on each broker’s website and checked on the 1st of each month. Time taken for the transfer to reach our bank will depend on the banks involved. Credited funds will xcritical official site then be transferred to your FxPro trading account within one working day. No matter how low the minimum deposit is, it is still adequate to start trading forex with FxPro as a beginner.