FxPro

FxPro takes the safety and security of its customers seriously and provides negative balance protection to all account holders. CFD trading is a leveraged activity which means that traders increase their purchasing power using borrowed money. As a result, it’s possible to lose more money than is in your trading account. To counter this, FxPro puts automatic Stop Out levels in place. By so doing, even if an unlikely event happens and your balance goes negative, you can contact the customer support team and they’ll turn the negative to 0.

Moreover, FxPro is a member of the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF). In addition to these, the broker keeps your deposits in segregated accounts to increase the safety level. The funds’ segregation guarantees that even if the broker goes bankrupt, you will not lose your money. 

FxPro offers a wide range of trading instruments. The portfolio includes Forex and CFDs. CFD trading is a great way to speculate in the markets short term. Whereas, for long-term investing trading physical shares is more preferable due to less long-term trading fees. 

CFDs come with certain benefits. They can be traded with leverage and FxPro offers up to 200:1 leverage depending on the asset type. What’s more, CFDs are more liquid than real assets and offer lower spreads. FxPro has more than 12 liquidity providers. When you are trading CFDs, you can go long or short and make money in both bull and bear markets. On the other hand, when you are trading physical stocks or metals you are betting that the price will increase later. Please note that not all of the trading platforms offered can support the full range of instruments. For instance, cTrader doesn’t offer stock CFD trading.

Forex

With FxPro you can trade 15 major pairs such as EUR/USD, CAP/JPY, GBP/USD, and others. Major pairs are the most liquid as they’re backed by strong economies. As a result, market spreads are the tightest. Many novice traders avoid exotic and minor pairs for this very reason. In addition, you can trade 55 minor Forex pairs such as AUD/NZD, EUR/HUF, USD/CZK, and others.Spreads vary from currency to currency and from account type to account type. Commission-free MetaTrader accounts offer as low as 0.8 spreads on EUR/USD. Keep in mind that in live trading spreads can be higher.

The leverage offered for Forex pairs goes up to 200:1. In case you open your trading account with the maximum leverage, you’ll be able to get 200 times the purchasing power of your account balance. Available leverage is smaller for other asset classes. 

Shares

FxPro offers shares as CFDs. We’ve already mentioned the pros and cons of CFD trading and the same applies to the share CFDs. The assets are more liquid, easily accessible, can be traded in both directions, and can be traded with leverage.

FxPro provides access to trading 2,105 shares of US, UK, and EU companies. The maximum leverage available is 25:1.

Keep in mind that share trading is not available with cTrader and FxPro MT5 account types. In case you do want to trade shares as CFDs, you can choose between MT4 Instant & MT4 Fixed, FxPro MT4, and FxPro Platform.

Cryptocurrencies

Crypto trading has gained popularity recently. Trading actual coins can be challenging for novice traders. On the other hand, trading cryptos as CFDs are much easier. As already mentioned, CFDs are perfect for speculating short term. You can keep open positions for days, weeks, or even months. But if you want to keep the coins for years, it’s better to purchase actual ones to avoid swap fees.

FxPro offers 29 cryptos against the US dollar. You can take advantage of price moving in any direction by shorting or going long. What’s more, you don’t need to worry about crypto wallets and cashouts since you’re not actually owning the asset. 

The maximum available leverage for trading crypto pairs is 20:1, which is another great advantage when it comes to CFD trading. Usually, you do not get any leverage when purchasing actual digital coins. In addition, you can trade crypto vs USD any time you wish as the market is open 24/7.

Indices

There are 19 Indices to trade with FxPro. Indices are great assets to keep an eye on even when you are not planning to trade them. Indices or indexes can give you an idea of how healthy certain economies and industries are. For instance, Holland25 measures and displays the collective performance of the top 25 Dutch companies. 

The maximum leverage available for trading indices is 200:1 for major indices and 100:1 for minors. As for the cTrader account, the number is lower at only 50:1. 

Commodities

FxPro offers two types of hard commodities, namely metals and energies. Commodity prices change based on changes in supply and demand globally. FxPro enables you to speculate on gold, silver, platinum, and palladium prices against the US dollar and Euro. The maximum available leverage is different for each asset. Gold and silver can be traded with up to 200:1 leverage, whereas platinum and palladium offer only up to 50:1 leverage. 

You can also trade US natural gas, UK Brent crude oil, and WTI crude oil with up to 200:1 leverage.

There are many different kinds of traders in the market. Some are more experienced than others. Some only use fundamental analysis while others rely on technical knowledge, and some trade more frequently with smaller timeframes. 

FxPro offers 5 types of trading accounts to choose from in order to satisfy the needs of different traders:

• MT4 Instant & MT4 Fixed 
• FxPro MT4 
• FxPro MT5
• FxPro cTrader 
• FxPro Platform

There is a 50% Stop Out level in place for all types of accounts. The 50% Stop Out level means that whenever the market price goes against your trading position and you are losing money, the broker will automatically close your trade at a 50% margin level to keep funds from going negative. 

Demo account 

Demo trading can be very beneficial for both experienced and novice traders. Novice traders get used to trading platforms and learn essential skills without risking actual money. Whereas professionals test and backtest their strategies in a safe environment. 

FxPro offers demo accounts for all of its platforms. The maximum amount of virtual funds you can open your account with is 100k of the account currency and there are 8 account currencies to choose from. 

Keep in mind that the demo account with this broker has a lifespan of only 180 days. You can simply open a new account after 180 days to practice your strategies risk-free. 

MT4 Instant & MT4 Fixed account 

As the name suggests, the account type offers MetaTrader 4 as its main platform and mobile and web versions of FxPro Edge and MT4. 

The account charges no commission for trading and gets funded by spread markups from your trades. The account type is most suitable for position traders and novice traders. As position traders place fewer orders and prefer saving on commissions while at the same time, are charged with spread markups. The maximum leverage is 200:1 for trading Forex pairs. 

Keep in mind that you can’t trade cryptocurrencies using this account type.

 MT4 account

FxPro MT4 account type and MT4 Instant & MT4 Fixed have a lot in common. The only difference is that in addition to other assets, you can trade cryptocurrencies against USD as CFDs. It has to be noted that the crypto markets are open 24/7.

MT5 account

As the name suggests, you can only use MetaTrader 5 Software for trading from your PC when using this account type. There is no other difference between MT5 and MT4 account types. Both charge no commission and offer spread markups. MT5 is designed for multi-asset trading whereas MT4 was solely built for Forex. 

 cTrader account

You can only use cTrader desktop, web trader, and mobile apps when choosing this account type. The account offers smaller spreads compared to other types. There is no commission charged per traded traditional lot. However, traders get to pay $45 per $1 million traded.

By using the cTrader platform you can only access Forex, metals, indices, and energies. On the upside, cTrader software is user-friendly and loved by many traders.

 Platform account

You can only use MT4 and the FxPro web trading platforms to place orders using this account. There is no MT5 or cTrader available. 

You can trade Forex, metals, indices, energies, futures, shares, and cryptocurrencies with marked-up spreads and zero commissions. 

Islamic account 

Charging interest on loans is forbidden by Sharia law. FxPro provides a swap-free account that enables people of the Islamic faith to place orders without going against their beliefs. However, take note that Islamic account holders are charged other types of fees that enable FxPro to finance its services.

In order to open an Islamic account, you can contact customer service or send an email to their back office.