FxPro Forex Broker, FxPro Trading, FxPro Review | Forex Broker


Dec 27 2011

FxPro

VN:F [1.9.18_1163]
Scalping
Trading at news timing
Spread
Order Execution
SUPPORT
Rating: 7.6/10 (3 votes cast)
Country : FxPro Financial Services Limted
On-line since : 2006
Country : Cyprus
Payment options : Moneybookers, wire transfer, credit cards
Paypal and neteller
Minimum account size : $100
Minimum position size : 0.1 Lot
Leverage : From 1:1 to 1:500
Spread : For MT4 trading EUR/USD – 1.2 pip, average 1.5ECN(CTrader): minimum spread is from 0 pips and theaverage is 0.2, and $6.5 per lot commission
Regulation : Cyprus Securities and Exchange Commission
(License #078/07).

 

People who are new to forex trading, they can put their trust on fxpro. This company supports several platforms but mostly used platform is cTrader and MT4. MT4 is a very well known platform and many brokers allow their clients to use this platform for trading. cTrader is an ECN friendly platform. Some traders like this platform because of its unique features. Some advantages and disadvantages of trading on fxpro are given below.

Disadvantages

  • The minimum deposit is $100, which is not a friendly option for new traders
  • High minimum transaction/position size
  • Sometimes website gets frozen but it happens occasionally

Advantages

Different trading accounts for different kinds of traders

After creating a direct profile, you will have three account types from where you should choose one.

  • Corporate trading account
  • MT4 trading account
  • cTrader trading account

The choice is yours! If you are interested to trade by using MT4 platform then you should choose this type of account. People who choose the MT4 account cannot trade using the cTrader so at the time of creating your account you should choose the best trading account that will suit your expertise. People who are expert at trading using ECN trading platform, they should choose cTrader trading account.

Demo accounts

Before creating a real account for real trading, you can practice trading by opening a demo account. $100 minimum deposit is not new traders friendly at all but a demo account can help the new trader to learn trading. In your demo account, you will receive $100,000 virtual money that you can use for trading by using the real-time trading chart.

Less commission and spread

Fxpro charges less commission and the spread value is less than the other company’s spread value too. It depends on the platform and for cTrader platform the spread value is 0.1, which is less than the spread value for MT4 platform.

Leverage margins

The leverage margin ranges from 1:1 to 500:1

Reliability

Fxpro is one the market for a long time and they are always serious about the customer’s satisfaction. They always try their best to correct every error and provide the customers with effective solutions.

Balance protection

They use multi-level security system so the user’s accounts always stay safe.

Awards

Fxpro received several awards from several companies. Some awards are given below with the year of receiving these awards.

  • Most innovative company – 2010 , Cyprus
  • Best global trading platform – 2010 by World Finance Magazine
  • Best Forex broker – 2008 by CEO magazine ……. etc

Customer support

Fxpro provides customer supports in many languages.

  • English
  • Arabic
  • French
  • Italian
  • Russian
  • Spanish and 8 more languages

 

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