FxPro is without a doubt one of the best known and most popular broker and aggressive marketing is not the only reason. FxPro pushes their brand at Formula 1 and other racing leagues and it’s the main sponsor of FC Fulham, one larger club in the English Premier League. But this broker gained its popularity due to lots of awards and mouth-to-mouth recommendations. The main features of FxPro are their very easy to use Webtrader, the well known Metatrader platform, an ECN account with another platform for professionals, low spreads and news from the market. In short, FxPro is a great all-rounder and thousands of traders are extremely happy with this broker.
FxPro offers a huge variety of different platforms like no other broker. First of all you can trade with Metatrader which is the most popular trading platform that is used by most Forex brokers. So you should be already familiar with that. If you’re used to Metatrader you should not look further and just signup at FxPro and start trading with a platform you’re already familiar with.
Besides Metatrader there’s a webtrader version. That’s a client that works without a download directly in your browser. There’s no need to download and install any software and it’s a big advantage when you trade on different computers simultaneously.
For traders who would like to trade away from home there’s some good news: FxPro offers apps and platforms for iPhone, iPad, Android smartphones and Blackberrys. That’s a nice selection isn’t it?
FxPro Demo Account
When it comes to demo accounts FxPro thought about something innovative. It’s possible to make use of their demo account without registering. So you don’t have to fill out a lot of signup forms, you can just start trading right away with playmoney. The only disadvantage is that you can’t keep your earnings, so whatever you make out of your 100.000 $ playmoney will be gone when you leave the platform. But still, this is a great tool for novice traders.
Deposit and Withdraw
In regards to deposit and withdraw, FxPro is right on top and offers a huge selection of deposit options like credit card, Paypal, Neteller, Skrill and wire transfer. You can deposit with EUR, USD, GBP, CHF or JPY and enjoy a 24/7 support when there are any issues with payments. The minimum deposit is $500.
cTrader – Your ECN Account
FxPro is also offering an ECN account – the type of trading you’re looking for when you’re trading professionally and trade with high volumes. When you’re using a FxPro ECN account you can trade with spreads as low as 0 Pips but you have to pay a commission of $30 for every 1 Million US-Dollar. That’s not much compared to other brokers like Dukascopy for example.
Here are a couple of spreads for the most common currency pairs:
Bonus and Cashback program
There’s a simple cashback program at FxPro and this can’t be compared to simple deposit bonuses like you can enjoy at eToro or similar brokers. The FxPro cashback program is simple and effective: the more you trade the more cashback you get. Even with small volumes you get 0.2 Pips discount and if your volume is 15 Million USD or more you even get 0.8 Pips. Your cashback will be transferred to your account every month.
Maximum Leverage: 500:1
Minimum Margin: 0.2%
Spread: 1 pip on EUR/USD depending on your account
Available Currency Pairs: more than 50
There’s not much to complain about FxPro even when you take a very close look at it. And when you start trading at FxPro you will soon recognize why this broker is so popular and why it won several awards already. It’s not only about their marketing activities. Their offering is simply great both for novice traders and professionals alike. Total newbies maybe don’t like the minimum deposit of $500 and they should go with eToro instead but if you can afford to spend $500 and more your money will be well invested at FxPro. Also the opportunity to use a real ECN account is great and attracts lots of (semi)professional traders just like the very low spread does. Overall a great broker that can be highly recommended!
|+ Very low spreads through ECN trading||– Minimum deposit of $500|
|+ Lots of different platforms (like Metatrader)|
|+ Cashback offerings|