FxPro Review 2024: Pros & Cons

When it comes to standard account spreads, both FXTM and FxPro offer competitive rates. FXTM’s spreads for the forex pairs we analysed range from 1.3 for EUR/USD to 1.5 for NZD/USD. FxPro, on the other hand, offers slightly higher spreads, ranging from 1.4 for EUR/USD to 1.6 for NZD/USD. It is designed to replicate an institutional trading environment, with features such as Level 2 DoM (Depth of Market). CTrader offers state-of-the-art algo trading, copy trading, and a performance analysis tool – making it a suitable choice for active, experienced traders. Within the client portal, traders can access FxPro Squawk, which is an excellent resource for news trading.

Advantages of Demo Account

1. FxPro offers in-house research and has partnered with Trading Central to provide a third-party solution to its clients.
2. Whether you are a beginner to the markets or an advanced trader, FxPro could be a good fit for you, thanks to its strong performance across all categories of our review.
3. 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.
4. MT4 remains the most popular trading platform, as companies invested millions to create custom solutions that enhance the trading experience.
5. Another core feature for Forex traders who manage their accounts with automated trading solutions is the FxPro VPS service, but the price tag of $30 per month is unfortunate.

FxPro has always been a keen supporter of transparency and fairness in the Forex industry, and it has made every effort to eradicate conflicts of interest between broker and client. There is no risk to your own funds and it will give you a chance to learn and understand how the platform functions and how FxPro as a broker compares against their competitors. No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.

I also tested customer support with a range of questions from easy to difficult and had a positive overall experience. Agents were well-versed in key areas like platforms, fees, and account-related features. But their spreads are better than average for CFDs on shares and some commodities and indices.

After comparing brokers and choosing the right one for you, you’ve decided that FxPro has everything you’re looking for. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. FxPro uses a No Dealing Desk (NDD) execution model, which operates more or less like an ECN/STP broker. Average order execution speed of less than 11.06 ms and ultra-low latency (servers located at the Equinix Data centres in LD5 London and AM4 Amsterdam).

Spreads and Leverage

Again, this sets FXPro apart from many other online brokers which often only explain how to use their platform. Webinars take place several times a week and xcritical official site need to be registered for in advance. FXPro clients using MT4 can choose from a fixed spread account with instant execution, a floating spread account with instant execution, and a floating spread account with market execution. As previously mentioned, it is also possible to open a demo account and “try before you buy” with a virtual balance of $500,000. FXPro also offers a VIP premium account for high net worth clients and/or those who are actively trading in large volumes.

To get a broader perspective on the best brokers for Australians, check out this detailed review of the Best Forex Brokers In Australia. FxPro offers social trading features, allowing traders to follow and copy the strategies of professional traders. Social trading can be a great xcritical official site way for beginners to learn and for experienced traders to diversify their strategies.

How does FxPro make money?

We highly recommend both brokers’ live chat support if you want to receive quick answers to your personal needs. Our team of experts at Compare Forex Brokers also tested how good the client support service is. In the case of FxPro and FXTM, both brokers offer clients 24/5 customer support service via several channels. Overall, both FX brokers offer a diversity of Forex educational materials and good customer support.

The brokerage had remarkable success and now serves retail traders and institutional clients from over 170 countries. FxPro is a well-regulated company with licenses from four different regulators and continues to grow. FxPro divulges that 83.39% of traders lose money when trading with FxPro. DailyForex.com adheres to strict xcriticals to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.