Registered in 2006, Cyprus, FxPro is a broker that operates in over 170 countries. Licensed by CySEC, FCA, FSCA, and Bahamas SCB, FxPro has taken an innovative approach to helping clients trade contracts for difference across currencies, stocks and even commodities. The choice of broker is an important aspect of trading, which is why we have broken down FxPro into a digestible review.
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FxPro broker review
As we have touched on already, FxPro is regulated by some tier-1 regulators around the world, making it as credible as any broker. If we know one thing for certain about FxPro, it’s that it’s safe and reliable. Any funds that you invest with this broker will be placed in bank accounts separate from the broker’s own accounts, with leading financial institutions.
As for its reputation, FxPro continuously wins awards. The broker has won 85 awards since its launch, including various “Best Trading Platform” nominations. The minimum deposit is $100 and leverage can be up to 1:200, or 1:500 for professional clients, though this will depend on the customer’s own jurisdiction.
Trading conditions are competitive, with spreads from 0.1 pips. And perhaps most importantly, it’s compatible with MetaTrader 4 and 5, two trading platforms that many investors are accustomed to. As we will find out below, it’s possible to download the software in minutes, and onboarding and understanding the user interface is two of its biggest assets: it’s easy to use for beginners.
FxPro MT4 account review
With FxPro’s MT4 account, it’s possible to trade the full range of CFD instruments, unlike the cTrader account. These include contracts for difference (CFD) on Forex, indices, stocks, crypto, energy, metals and even futures. These are more than enough for most traders to get their teeth into.
MT4 desktop, Webtrader, and mobile app are all available platforms, but so is FxPro EDGE web and FxPro mobile app. Ultimately, the FxPro MT4 account provides a lot of flexibility. It’s a hedging account of course with a focus on CFD instruments, but with the inclusion of crypto and indices, it will appeal to a lot of new-wave retail investors as well as traditional FX traders.
One of the major benefits of using MT4 is that it’s the most popular trading system, meaning it’s really easy to find high-quality solutions to your problems, educational material, and strategies that are contextualised in a familiar user interface. MetaTrader 4’s community is one of its strong points. It’s also available on a range of devices and has a deep pool of analytical tools and technical indicators for charting. This makes MT4 ideal for both beginners and advanced traders.
How to get started
First and foremost, download FxPro MT4 and select whether you want a Windows or a Mac installation . Just make sure you have 1GB of free disk space at the very least.
The next step is to create an account with FxPro. Enter a username and password, as well as some other basic information, and you can then decide whether you want a demo or live account. A demo account can be useful to test the platform or a trading strategy without risking real money.
If you’d like to find out more, you’ll find a lot of content online with tutorials and solutions because this is such a popular piece of software. There are also FAQs on the website, and official Live Chat support.
