We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. 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.
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. FxPro participates in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent.
FxPro competes among the top MetaTrader and cTrader brokers, featuring multiple account options and multiple 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 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 also offers a Virtual Private Server (VPS) that enables clients to upload and run MetaTrader 4 Expert Advisors and algo bots 24 hours a day without needing to keep a trading terminal running. 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.
- Due to the availability of MetaTrader, cTrader, and its own proprietary FxPro Edge web platform, traders at FxPro have a diverse selection of platform options that support a variety of trading styles.
- Unlike other brokers, FxPro offers streaming mobile news with major news headlines that can impact markets.
- There are also thousands of shares available to trade in FxPro’s BnkPro app, though it isn’t yet fully available globally.
What Is the Minimum Deposit for FxPro?
Traders simply need to select the instrument, decide which price to alert (bid or ask), and then choose to alert when the price is higher or lower than a selected level. The trader can even create a customized pop‑up message to deliver as well. Use our country selector tool to view available brokers in your country. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
This allows the company to minimize risk and costs without interfering with orders in any way. FxPro does not seem to offer any discounts for higher-volume traders on the couple commission types it does charge. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. 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.
Mobile Experience
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 range of symbols available at FxPro will largely depend on your chosen trading platform. For traders that choose to use MetaTrader’s suite of platforms, FxPro offers over 400 CFDs, including forex, shares, indices, metals, and cryptocurrencies, compared to roughly 100 for its cTrader offering. There are also thousands of shares available to trade in FxPro’s BnkPro app, though it isn’t yet fully available globally. The following table summarizes the different investment products xcritical scam available to FxPro clients.
Due to the availability of MetaTrader, cTrader, and its own proprietary FxPro Edge web platform, traders at FxPro have a diverse selection of platform options that support a variety of trading styles. 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.
Popular Forex Guides
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. 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). Traders can choose multiple time frames to monitor and can easily add multiple trading indicators, such as moving averages. After setting up a chart, the mobile app allows traders to easily trade from the chart, with easy trade sizing and buy and sell directional orders. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. However, pricing is higher than the industry average at FxPro, and its proprietary FxPro Edge app is a limited platform option that isn’t xcritically available for mobile. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises xcritical companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
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. While most trades are commission-free, some may be irked by commissions charged when using their cTrader automated platform. One thing it advertises is the lack of an expensive dealing desk, which allows the company to pass on cost savings to clients. FxPro says that due to the high volumes of their clients’ trades, it can internally match a great deal of their order flow.
There is also a running news feed with the latest market headlines and a link to Trading Central WebTV. One negative for FxPro is the absence of guaranteed stop‑loss orders. Some brokers offer this feature for a fee, but FxPro does not offer this at all. Today, the company operates in more than 170 countries and has more than 2,188,000 client accounts and €100 million of tier 1 capital. FxPro says it is known throughout the industry as a trustworthy and reliable broker. FxPro’s pricing is higher than the industry average, putting it at a disadvantage compared to industry peers like Pepperstone or IC Markets, who both also offer the full MetaTrader and cTrader suites.
FxPro prides itself on its “five‑star customer service,” specifically its multilingual, 24‑hour Monday‑through‑Friday (24/5) customer service team. Its live phone support operates in several locations, which include the United Kingdom, Cyprus, Monaco, Bahamas, and the United Arab Emirates. Simulated demo‑account trading is available but only after providing personal identification documents.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. FxPro 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. They also participate in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event FxPro were to become insolvent.
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. FxPro provides daily market updates and analysis on its blog, along with content from third-party providers. For comparison, XM Group and Tickmill produce numerous daily research videos.
They also offer some xcritical website basic daily fundamental research and work with Trading Central to offer technical analysis. Two areas where FxPro has an advantage over other brokers are its multilingual webinars available on the company’s YouTube channel and the quality of its real-time news offering. These tools seem to be available even for traders who do not have an account with FxPro.