Sep 26 2019 0
FxPro is one of the biggest and most important Forex and CFD brokers worldwide. FxPro is regulated by the main European regulatory entities such as the FCA and in the case of Spain the CNMV. FxPro is a broker that is dedicated solely to currency trading, and that is very specialized in this sector. They are one of the few forex brokers that offers us an ECN platform with really low spreads. FxPro accounts also offer us 10 different platforms to operate and provide all its users with an unlimited demo account.
From FxPro.com, traders of all experiences, whether private or corporate, have spread adjusted in contracts for difference, foreign currency and also exotic. From the platform, you can access different financial instruments, such as Forex, agricultural raw materials, energy, etc.
FxPro demo account
To open an FxPro demo account, all you need to do is fill out a form which is not very extensive; and once that’s done, you can have access to the different platforms offered and practice with the demo account.
Open FxPro Demo account here
One of the great advantages of this broker is that the demo account is unlimited so you will have the possibility to be operating with virtual money for as long as you want.
Founded in 2006, FxPro has 3 forex regulations in total, which are CySEC from Cyprus, FCA from the UK and FSCA from South Africa. Although they had a humble start, FxPro has risen to become one of the biggest forex brokers in the world today. FxPro is famous for its amazing customer service. They can assist clients in 30 different languages. Morevoer, FxPro has opened local offices in England, Cyprus, Monaco, UAE and the Bahamas.
- The customer service of FxPro is outstanding, and they have both online and telephone assistance. The minimum deposit for opening a real account is 500 USD. To make income and withdrawals, FxPro offers us a large number of available means: Bank transfer, Credit/Debit Card, Paypal, Skrill, Neteller, among others.
- It is effortless to start investing with FxPro. Many forms of income are accepted, such as credit cards or PayPal.
- The excellent, professional customer service offered is appreciated; they will solve every inconvenient.
- Within the FxPro broker investment platform you will find a large number of currencies with spreads from 0.6 pips, more than 70 currency pairs, floating or fixed spreads, fast execution. You will also be able to find futures contracts in different instruments such as indices, energy, raw materials, etc.
- It is all without commission and it’s ideal for coverage on the risk of future prices.
- You will find the actions of the most recognized international companies. You will find around 150 shares of Germany, France, United States, UK, etc. The investments are without commissions and have low margin requirements.
- You can trade with Crude Brent spot and US WTI oil, and the margin is from 00.5%, has spread from 4.0 pts.
- You will find indexes of the 4 continents with low requirements and the most competitive spreads.
- You can trade with gold and silver, the leverage has wide flexibility and has low spreads.
Within the FxPro platform you will find different types of accounts; you will see the 3 main ones:
- FxPro Demo: It is a demo account so that customers can invest without risks. Fictitious money is used, but the operations are real. All demo accounts are free, and you will have the services:
You will have availability to operate in MT4, MT5, and cTrader. You can recharge the balance of the account as many times as you wish, each charge is $500,000. Leverage is from 1:1 to 1:500. You can use the following currencies: USD, EUR, JPY, PLN, AUD, CHF, and GBP.
- FxProSupertrader: You can access the currency markets and operate automatically. You should only apply the strategy that suits your needs and applies to your goals. You will have access to statistics, the parameters of risk management, increase your capital with the credit line and close positions manually.
- VIP package
Within the options of the FxPro online broker, you can access the VIP package, accessible to customers who operate with large volumes. Being part of the VIP community gives you the possibility to access exclusive services and features, such as:
- Deposits without any commission.
- Access to the virtual private server of FxPro free of charge, to be able to use the robots with low latency and MT4 advisors.
- Reports and news in real time, provided by professional analysts in London. The reports are daily and are delivered by text message and email.
- Margin Alerts: When you reach the margin level that you have set up in your account, you will receive an alert by text message and by e-mail.
Who else offer accounts like FxPro?
The answer is everyone. In the forex market, all reliable forex brokers offer two basic account types: regular and ECN. So are FxPro accounts the best? I'm afraid not.
FxPro accounts leverage is too low
In order to maximize their profits, most traders prefer high leverage. FxPro maximum leverage is 1:500, which is not enough in the eyes of some traders. Here are some brokers with higher leverage rate:
- Exness: 1:Unlimited. Check Exness leverage here
- FXTM: 1:1000. Check FXTM leverage here
- XM: 1:888. Check XM leverage here
FxPro mimimum deposit rate is too high
For some traders, the minimum deposit required by FxPro ($500,000) is too much. It is a big amount of money and it is very easy beginners in forex trading to lose all from the start. Therefore, you should choose brokers who demand less deposit with similar account types:
- Exness: 1 dollar. More details on Exness here
- XM: 5 dollars More details on XM here
- HotForex: 5 dollars. More details on HotForex here
FxPro Trading Platforms
Within the Forex investment website, you can access different trading platforms, including FxPro MT4, FxPro MT5, and FxPro cTrader. FxPro Investment Tools FxPro is a broker that offers us multiple tools so that our journey through the financial markets is satisfying. Within the investment platform, you will find different investment tools, such as:
- Quant: It is an exclusive strategy creator that allows you to turn your strategies into investment logarithms so that they run automatically on the MT4 platform and in cTrader.
- VPS: You can invest 24 hours without having downtime, it will not be necessary to turn on your PC.
- Economic calendar: You can find a calendar where you will find all the reports, the results, the forecasts, the possible volatilities, etc. and where you can mark the investments you want to make.
- Calculator: With this tool, you can calculate all your investments, including the margin, the pip, the benefits, commissions, swap, etc.
- Autochartist: It is an FxPro tool that allows you to see all the investment opportunities that have great power with the analyses of the instruments, by identifying Fibonacci patterns, and with graphics.
- Apple Watch and Mobile: From their website, you can use all platforms from your mobile device with the corresponding application. But that's not all, an application for the Apple Watch is also available, making you able to place symbols for the investment portfolio, receive alertsn and much more.
- Events: In addition to the direct investment applications, you will find three types of events that will serve to perfect you as a trader: Online seminars, Personal seminars, and Exhibitions.