As a trader, you have the option between fixed and variable spreads when trading forex with MetaTrader 4. The FxPro swap-free account will ensure you are in compliance with everything you need to have a proper Islamic account. This can be made available by emailing the back office department of FxPro after you have completed your FxPro account opening.
The inactivity fee will continue to be charged monthly if the account remains inactive. Swaps represent the fees charged (or credit earned) for holding a position overnight. I performed my tests with a Standard Account, using the FxPro Trading Platform and FxPro Trading App. The account was opened with the FxPro Global Markets Limited entity.
Tradable Instruments
In fact, they can help with everything from order execution policy to problems with no MT4 connection. Note FxPro acts as a market maker xcritical scammers applying a non-dealing desk intervention execution model. FxPro Edge accounts (Spread Betting) is only available to clients of FxPro UK Limited that reside in the United Kingdom. It is a highly customizable web-based platform, which enables traders to place orders without the need to download and install any additional software.
Platforms and Tools
It is governed by four regulators globally, including the top-tier FCA UK and CySEC. Client funds are held in segregated accounts at global banks like Barclays and Royal Bank of Scotland. My research showed that FxPro has a high level of financial strength, transparency, and trustworthiness.
- Islamic accounts have a minimum deposit of $100 and since it is swap-free, FxPro may apply additional fees to your positions.
- We’re regarded as the go-to authority on broker reviews content because among other things we only investigate regulated forex brokers.
- For Muslim traders, there are Islamic accounts that adhere to Sharia law principles by eliminating interest payments.
- Furthermore, traders from the UK and the EEA are protected under the Financial Services Compensation Scheme (FSCS) and Investors Compensation scheme respectively.
FxPro Non-Trading Fees
The cTrader platform was designed to offer ultra-low spreads and competitive trading conditions. Security features are standard, xcritical scam 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. Simulated demo‑account trading is available but only after providing personal identification documents.
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. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. As a result, FxPro earned Best in Class honors for Algo Trading and MetaTrader in our 2024 Annual Awards.
Deposit Options and Fees
FXPro is also one of the few top brokers with no inactivity fee, perfect for casual trading. Choosing the right trading account depends on your trading style and other important considerations (spreads, leverage, technical tools, trading platforms, execution speed, etc.). Despite some differing opinions, the vast majority agree the broker provides all the resources required to build a highly profitable trading system. In particular, user reviews and our experts were positive about the choice of accounts and platforms, not to mention the transparent fee structure and reliability.
MetaTrader 5
Like any other broker platform, FxPro is a network of companies that answers to different regulatory bodies that allow them to operate worldwide. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to FxPro. The table below charts some of the key broker areas and points to note in each. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on cryptos. Traders can access the platform in 39 different languages, from Arabic to Vietnamese. The platform is highly customizable, with preset layouts and the ability to save your preferred chart setups so they can be pulled up anytime. The proprietary FxPro Trading Platform has an attractive interface and provides a smooth and intuitive experience.
FxPro offers both variable and fixed spreads depending on the account type. For example, cTrader accounts feature tight spreads from 0.0 pips but include commissions, while MT4/MT5 accounts have zero-commission trading with variable spreads. Like with the market execution spreads, we have compared spreads for fixed spreads accounts with brokers that also have fixed spreads. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. Broker reviews of FxPro are quick to highlight there are a number of useful educational resources available.
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. You can download FxPro cTrader platform or Windows desktop version, MAC version, or browser-based with the cTrader Web platform.
These tools seem to be available even for traders who do not have an account with FxPro. FxPro offers clients a wide range of desktop trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Trading Platform. The desktop browser experience is in line with the industry average and allows traders to easily execute trades with clear and transparent pricing. Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MetaTrader 5 and will simply cancel offsetting orders. FxPro’s trading platforms offer a solid and diverse range of options, with support for MetaTrader platforms, mobile trading, and web trading. Moreover, FXPro enhances user flexibility by providing its own web trader and app, ensuring traders can access their accounts conveniently from various devices.
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. The rules laid down by the forex regulators ensure that all forex traders have fair access to the global markets. FxPro offers a level playing field for all market participants and first-class online trading services. Each trading platform comes with its own set of trading conditions.