Established in 2006, FXPro is one of the top choices for those that are looking to trade Forex online. This forex and spread betting broker has an amazing reputation and is regulated by the Financial Conduct Authority, SCB, DFSA, and CySEC. With clients from more than 170 countries, this Forex broker continues to grow and attract new traders on a regular basis. Offering CFDs on six asset classes and conducting lighting fast trades just below 7,000 per second, FXPro is one platform that experienced traders will not want to overlook.
When you open an account with FXPro, the company will generate revenue from commissions and spreads. Spreads that you will find on the EUR/USD will begin at 15 pips on the MT4 platform and 0.2 pips on cTrader. Commissions will apply to the latter. All trading costs are clearly explained and you will know the swap rates and any commissions up front.
If you want a diverse trading experience, FXPro offers six classes of assets. Included in these are over 70 currency pairs. There are also spot and future indices. Depending on what asset you choose to trade, leverage will be available. The site offers a complete list of all assets and leverage so you know in advance what you will get when conducting the trade.
Those who have experience trading will want to open an account right away. There is a minimum initial deposit requirement of $500. It is possible to make a smaller deposit, which will require contacting the customer support team to allow a lower deposit amount. Once you are a member, you will have three topes of accounts available. There are standard MT4 and MT5 accounts and these have no commissions. MT4 accounts can trade currency pairs, shares, metals, and indices. The MT5 platform only offers FX and futures.
The third option for an account is cTrader. This offers low spreads and there are commissions per lot traded. There is also leverage restriction in place. While all three offer a great way to trade, cTrader is known to offer more features and you will enjoy advances charting functions. All three accounts will require a minimum deposit of $500.
While the deposit amount may be a bit steep, FXPro offers some great benefits to new users. There is an excellent educational section provided and this is a super place for any new trader to start. You will find the basis, Fundamental Analysis, Psychology, Trading Tests, Technical Analysis, video tutorials, and more. With interactive courses, new traders can quickly broaden their knowledge base about trading and be prepared to make their first investment.
There is also a research section that can be useful for new and experienced traders. Here, you will find Economic Calendars, Earning Calendar, Market Holidays, Market News, and Technical Analysis. Offering the latest research and trading news, you can find up to date information on trends, prices, and more, all of which can help you become a better trader.
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