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Do you want to know which is the better broker between FXTM and FxPro ?
In the table below, you can compare the features of FXTM , FxPro side by side to determine the best fit for your needs.
Long: -7.04
Short: 2.53
Long: -37.89
Short: 19.3
EURUSD: -0.4
XAUUSD: 4.1
Long: -6.84
Short: 1.19
Long: -19.38
Short: 9.06
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of fxtm, fxpro lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
FXTM | Basic Infromation |
Registered Country/Region | United Kingdom |
Founded in | 2011 |
Headquarters | Cyprus, UK, Belize |
Regulated By | FCA, CySEC, FSCA (Out of Scope Business) |
Minimum Deposit | $10 |
Leverage | Up to 1:2000 |
Account Types | Micro, Advantage, and Advantage Plus |
Demo Account | Yes |
Trading Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies |
Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
Mobile Trading | Yes |
Islamic Account | Yes |
Payment Methods | Credit/Debit Cards, Bank Wire, E-wallets |
Minimum Spread on EUR/USD | From 0.1 pips |
Customer Support | 24/5 Live Chat, Email, Phone |
Educational Resources | Yes |
Negative Balance Protection | Yes |
FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other regulatory bodies in various countries. FXTM offers a variety of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.
FXTM is its extensive range of account types, which cater to traders of all experience levels and preferences. The broker offers five different account types, including the Micro, Advantage, and Advantage Plus accounts, as well as demo accounts and Islamic accounts. Each account type comes with its own unique features, including different leverage options, spreads, and minimum deposit requirements. In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads starting from as low as 0.1 pips.
FXTM also offers a range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available in desktop, web, and mobile versions, allowing traders to trade on the go and from anywhere in the world.
Lastly, FXTM provides customer support in multiple languages, which is available 24/5 via live chat, email, and phone. The broker also offers a range of educational resources, including webinars, seminars, and trading guides.
FXTM is currently regulated by two reputable regulatory bodies, the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. These regulatory bodies ensure that the broker operates within strict guidelines and rules.
Forextime Ltd (Its CYSEC entity), is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 185/12.
Exinity UK Ltd, its UK entity, is authorized and regulated by the Financial Conduct Authority (FCA) under regulatory license number 777911.
FOREXTIME LTD is authorized by the Financial Conduct Authority (FSCA), holding a license of Financial Service Authority under license no. 46614.
FXTM is a well-known broker that offers a range of trading services to its clients, including forex, commodities, and CFDs. While there are many benefits to trading with FXTM, there are also some drawbacks to consider. In this table, we'll take a closer look at the pros and cons of trading with FXTM, so you can make the right choice about whether this broker is right for you. Some of the pros we'll cover include their range of account types, competitive spreads, and excellent customer support, while some of the cons we'll discuss include the lack of cryptocurrency trading and high withdrawal fees.
Pros | Cons |
Regulated by top-tier financial authorities, FCA and CYSEC | Limited product offerings compared to some competitors |
Wide range of account types for different trading needs | High inactivity fee |
Low minimum deposit requirements | Limited payment methods |
Demo Accounts Available | Limited research tools and resources |
Islamic Accounts Available | |
Access to a variety of trading platforms, including MT4 and MT5 | |
Multiple funding and withdrawal options | |
Rich Eductaional Resources | |
Rich Trading Tools | |
High-quality customer support |
FXTM offers a diverse range of trading instruments for its clients, which includes forex, spot metals, CFD commodities, stock, stock CFDs, and CFDs on indices. The forex market is the largest financial market in the world, and FXTM provides access to a wide range of major, minor and exotic currency pairs. This means that traders have the flexibility to trade the currency pairs that best suit their trading strategies.
In addition to forex, FXTM offers trading in spot metals, which include gold, silver, and platinum. Spot metals can be a useful tool for diversifying a portfolio or hedging against inflation or geopolitical risks. FXTM also provides CFD trading in commodities, such as oil, natural gas, and agricultural commodities. CFD trading allows traders to speculate on the price movements of these commodities without having to own them physically.
FXTM also offers trading in stocks and stock CFDs. With access to global markets, traders have the opportunity to invest in some of the world's leading companies, such as Apple, Amazon, and Facebook. Moreover, traders can benefit from dividend payments when holding stock CFDs for the long term.
Finally, FXTM provides CFD trading on indices, which allows traders to speculate on the performance of a particular stock market. This is particularly useful for traders who want to take a broader view on the direction of a market, rather than focusing on individual stocks.
Overall, FXTM's range of market instruments provides traders with a wide variety of opportunities to diversify their trading portfolio and explore new trading strategies.
Pros | Cons |
Offers a wide range of markets to trade, including forex, spot metals, and CFDs on commodities, stocks, and indices | Limited selection of individual stocks compared to some competitors |
Competitive spreads and commissions | Margin requirements on some instruments may be higher than other brokers |
Access to both major and minor forex pairs, as well as exotic currency pairs | Limited cryptocurrency offerings compared to some competitors |
Opportunity to diversify portfolio with a variety of markets | The number of CFDs on commodities may be limited compared to other brokers |
Offers both MetaTrader 4 and MetaTrader 5 platforms for trading | Availability of certain markets may vary depending on the trader's location |
FXTM offers three different types of trading accounts, which are the Micro account, the Advantage account, and the Advantage Plus account. The Micro account requires a minimum deposit of $10, the Advantage account requires a minimum deposit of $100, and the Advantage Plus account requires a minimum deposit of $500.These account types are designed to cater to the varying needs and preferences of traders, ranging from beginner traders with limited capital to experienced traders looking for more advanced trading features. Each account type has its own unique features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads, allowing traders to choose the one that suits them best. The Micro account is ideal for novice traders with a limited budget, while the Advantage account is suitable for experienced traders who require advanced trading tools and a competitive trading environment. The Advantage Plus account is designed for professional traders who require high-volume trading and personalized support from a dedicated account manager.
Pros | Cons |
Micro account has low initial deposit | Micro account has higher spreads compared to other types |
Advantage account has low spreads | Advantage account has a higher minimum deposit |
Advantage Plus account offers lower commissions | Advantage Plus account has the highest minimum deposit |
FXTM offers demo accounts for all its account types, including Micro, Advantage, and Advantage Plus. These demo accounts allow traders to test their trading strategies in a risk-free environment using virtual funds. Demo accounts are also useful for new traders who want to learn how to trade before committing real money to live trading. With FXTM's demo accounts, traders can access all the trading tools and features available in the live trading platform. The demo accounts are also available in multiple languages, making it accessible for traders from different countries. However, it's important to note that demo trading doesn't completely simulate the emotional and psychological aspects of real trading, which could affect a trader's performance in the live markets.
To open an account with FXTM, you first need to visit their website and click on the “OPEN ACCOUNT” button on the top right-hand corner of the page.
This will take you to the account registration page where you will need to fill out some basic personal information like your name, email address, and phone number.
Next, you will be asked to choose the type of account you want to open. FXTM offers three main account types - Micro, Advantage, and Advantage Plus, each with its own features and benefits. You will also need to select the base currency of your account and agree to the terms and conditions of the broker.
Once you have selected your account type and base currency, you will be prompted to provide some additional personal information like your date of birth, occupation, and address. You will also need to answer a few questions about your trading experience and investment goals.
After you have completed the registration process, you will need to verify your account by providing some additional documents like a copy of your ID or passport and a proof of address like a utility bill or bank statement.
Finally, once your account is verified, you can then make your first deposit and start trading.
FXTM offers leverage of up to 1:2000, depending on the account type and trading instrument. The highest leverage is available for forex trading on the FXTM Pro account, while the other account types offer leverage up to 1:30 for EU traders and up to 1:2000 for non-EU traders. It's important to note that while high leverage can increase potential profits, it also increases the risk of losses. Therefore, it's recommended to use leverage wisely and only trade with funds you can afford to lose. FXTM also offers negative balance protection, which ensures that traders can not lose more than their account balance. This feature can provide additional peace of mind when trading with high leverage.
The spreads and commissions vary depending on the account type. For the Micro account, the spreads start from 1.5 pips, and no commission is charged. For the Advantage account, the spreads start from 1.1 pips, and a commission of $2 is charged per lot. For the Advantage Plus account, the spreads start from 0.0 pips, and a commission of $4 is charged per lot. It's important to note that the spreads are floating and may widen during periods of high market volatility.
The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage and Advantage Plus accounts. The Micro account, however, has slightly higher spreads, which is to be expected due to the smaller minimum deposit requirement.
Here we have created a comparison table of the average spreads and commissions offered by FXTM and some other popular forex brokers such as IC Markets, Exness, and FP Markets:
Broker | EUR/USD Spread | Commission | Minimum Deposit |
FXTM (Micro) | 1.5 pips | No commission | $10 |
FXTM (Advantage) | 0.5 pips | No commission | $100 |
FXTM (Advantage Plus) | 0.1 pips | No commission | $500 |
IC Markets (Raw Spread) | 0.1 pips | $7 round turn | $200 |
Exness (Raw Spread) | 0.3 pips | No commission | $1 |
FP Markets (Raw Spread) | 0.0 pips | $7 round turn | $100 |
Apart from trading fees, FXTM charges some non-trading fees that traders should also consider before choosing this broker. Some of the non-trading fees charged by FXTM include inactivity fee, withdrawal fee, deposit fee, and overnight fee. The inactivity fee is charged when a trader does not perform any trading activity on their account for a period of 6 months. The fee charged is $5 per month. Withdrawal fees vary depending on the method used, with bank transfers attracting a higher fee compared to e-wallets. Deposit fees are not charged for most methods, but a 2.5% fee is charged when depositing via Neteller. Overnight fees are charged when a position is held open overnight, and they vary depending on the instrument being traded
Here is a table showing the comparison of non-trading fees charged by FXTM and some other popular forex brokers:
Broker | Inactivity Fee | Deposit Fee | Withdrawal Fee |
FXTM | $5/month after 6 months of inactivity | Free | Fees may occur |
Avatrade | $50/quarter after 3 months of inactivity | Free | Fees may occur |
IC Markets | $0 | Free | Fees may occur |
Exness | $0 | Free | Fees may occur |
FP Markets | $0 | Free | Fees may occur |
FXTM offers a range of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as their proprietary trading platform called FXTM Trader. The MetaTrader 4 and 5 platforms are known for their ease of use, comprehensive charting tools, and customizability, while FXTM Trader offers advanced features such as price alerts, multiple chart types, and a news feed.
One of the main advantages of using MetaTrader 4 and 5 is the vast community of traders who have developed and shared custom indicators and trading strategies, making it easy to find and use powerful tools that can help improve your trading performance.
Another advantage of FXTM's trading platforms is their compatibility with a range of devices, including desktop, mobile, and web-based platforms, making it easy to trade on the go or from any device.
Here's a table comparing the trading platforms offered by FXTM, IC Markets, Avatrade, and Exness
Broker | Platform Types | Desktop | Web-Based | Mobile |
FXTM | MT4, MT5, FXTM Trader | ✔ | ✔ | ✔ |
IC Markets | MT4, MT5, cTrader | ✔ | ✔ | ✔ |
Avatrade | MT4, AvaTradeGO, WebTrader | ✔ | ✔ | ✔ |
Exness | MT4, MT5 | ✔ | ✔ | ✔ |
FXTM offers a variety of deposit and withdrawal options for its clients. Traders can deposit funds into their trading account using credit/debit cards, bank wire transfers, e-wallets, and other online payment methods. The minimum deposit amount varies depending on the account type selected by the trader.
For credit/debit card deposits, FXTM accepts Visa, Mastercard, and Maestro. There are no deposit fees for credit/debit card transactions, and funds are usually credited to the trading account instantly.
Bank wire transfers are also available as a deposit option. This method takes longer to process compared to other deposit methods and may incur charges from the bank. The minimum deposit amount for bank wire transfers varies depending on the currency selected, and it may take up to five business days for funds to appear in the trading account.
E-wallets such as Skrill, Neteller, and WebMoney are also accepted by FXTM. Deposits made through e-wallets are usually credited to the trading account instantly and are free of charge. The minimum deposit amount for e-wallet transactions varies depending on the selected e-wallet.
Withdrawals can be made using the same methods as deposits, with the exception of Mastercard. Withdrawals made through credit/debit cards may take up to three business days, while withdrawals made through e-wallets are usually processed within 24 hours. Bank wire transfers may take up to five business days for the funds to be credited to the trader's bank account.
FXTM may charge withdrawal fees for some methods. Traders are advised to check the fees and processing times associated with each method before making a deposit or withdrawal.
Pros | Cons |
Multiple deposit and withdrawal methods | Some withdrawal methods may have higher fees |
No deposit fees | Minimum withdrawal amounts may be higher than other brokers |
Fast deposit and withdrawal processing times | Some deposit methods may not be available in certain regions |
Supports various currencies for transactions |
FXTM is known for providing excellent customer support to its clients. The broker offers various channels for clients to contact their support team, including live chat, email, and phone support. The customer support team is available 24/5 and is multilingual, which means clients can communicate with them in their preferred language.
FXTM also provides an extensive FAQ section on their website that covers various topics, such as account opening, deposit and withdrawal methods, trading platforms, and more. This section is helpful for clients who prefer to find answers to their questions without contacting the support team.
Pros | Cons |
Live chat support available | No 24/7 customer support |
Fast response times | No phone support for some countries |
Knowledgeable and helpful staff | Limited educational resources for clients |
Various support channels available | |
A FAQs section |
FXTM offers various educational resources to its clients to enhance their trading skills and knowledge. These resources include webinars, seminars, articles, e-books, educational videos, and more.
Webinars and seminars are live sessions conducted by market experts and analysts who provide insights and analysis on market trends and trading strategies. The sessions cover a wide range of topics, including technical and fundamental analysis, risk management, and trading psychology. The webinars and seminars are interactive, allowing clients to ask questions and get feedback from experts.
FXTM also provides a wide range of educational articles and e-books that cover a variety of trading topics. These resources are available to all clients, regardless of their account type, and can be accessed on the FXTM website.
In addition to these resources, FXTM offers educational videos that cover various aspects of trading, including market analysis, trading strategies, and risk management. These videos are designed to be engaging and informative, making them a useful tool for traders at all levels of experience.
Pros | Cons |
Wide range of educational resources available | Some resources may be outdated or not relevant |
Multiple formats available (webinars, articles, etc.) | Limited in-depth educational resources |
Demo account available for practice trading | Educational resources may not be suitable for all levels of traders |
Educational resources available in multiple languages | Some resources may require a subscription or additional fees |
FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types with reasonable minimum deposits and leverage options. FXTM's customer support is also responsive and helpful, while their educational resources can be useful for both novice and experienced traders.
However, there are also some potential drawbacks to consider. FXTM's non-trading fees, such as withdrawal fees, can be high, and their spreads can be wider than some of their competitors. Additionally, some traders may find their educational resources lacking in depth or variety.
Q: Is FXTM regulated?
A: Yes, FXTM is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).
Q: What trading instruments are available on FXTM?
A: FXTM offers a range of trading instruments including forex, spot metals, CFD commodities, stock CFDs, and CFDs on indices.
Q: What types of trading accounts are available on FXTM?
A: FXTM offers three main types of trading accounts: the Micro account, Advantage account, and Advantage Plus account.
Q: What is the minimum deposit required to open an account on FXTM?
A: The minimum deposit required for each account type on FXTM is as follows: Micro account - $10, Advantage account - $100, and Advantage Plus account - $500.
Q: What trading platforms are available on FXTM?
A: FXTM offers a range of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
Q: What are the deposit and withdrawal options on FXTM?
A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.
Q: What are the deposit and withdrawal options on FXTM?
A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.
FxPro | Basic Information |
Company Name | FXPRO UK Limited |
Founded | 2006 |
Headquarters | London, UK |
Regulations | FCA, CySEC |
Tradable Assets | Forex, Stocks, Futures, Indices, Metals, Energies, Cryptocurrencies |
Account Types | Demo Account, Live Account |
Minimum Deposit | $100 |
Maximum Leverage | 1:200 |
Deposit & Withdrawal | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, China UnionPay, mPay, FasaPay, Webmoney |
Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, FxPro Trading Platform |
Customer Support | Multilingual customer support through Phone, Email, Live Chat |
Education Resources | Webinars, Articles, Videos, eBooks, Tutorials |
Bonus Offerings | None |
Founded in 2006, FxPro is a reputable UK-based forex broker that provides online trading services to a global audience. With over 70 financial instruments available for trading, FxPro offers its clients a diverse range of products, including forex, shares, indices, futures, and spot metals. The broker provides clients with access to multiple trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its proprietary platform, FxPro trading platform, FxPro trading App, and cTrader.
In addition to its trading services, FxPro provides clients with a range of educational resources, including webinars, video tutorials, and market analysis tools. The broker offers 24/5 customer support in over 20 languages, ensuring that clients can receive assistance in their preferred language at any time of the day or night. FxPro also provides its clients with a range of payment options, including credit/debit cards, bank transfers, and various e-wallets, making it easy to deposit and withdraw funds from their trading accounts.
Yes, FxPro is regulated by several reputable financial regulatory bodies in different jurisdictions where it operates. These regulatory bodies ensure that FxPro adheres to strict standards of financial stability, security, transparency, and fair trading practices.
FxPro UK Limited is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with registration number 509956.
FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 078/07.
Pros | Cons |
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FXPro offers a diverse range of trading instruments to its clients, including Forex currency pairs, indices, commodities, shares, and futures. The broker offers over 70 currency pairs, including majors, minors, and exotic pairs, with competitive spreads starting from 0 pips. In addition, FXPro provides traders with access to a variety of indices, such as S&P 500, NASDAQ, DAX, and FTSE 100, among others. The broker also offers commodities such as gold, silver, oil, and gas, along with futures contracts on indices, energies, and metals. Lastly, FXPro provides traders with access to more than 150 stocks of some of the largest companies globally, such as Apple, Amazon, Google, and Facebook, among others. Overall, FXPro offers its clients a broad range of instruments to trade with, making it a suitable broker for traders of all levels and preferences.
Pros | Cons |
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FXPRO offers two types of accounts: a live trading account and a demo account. The live trading account offers instant execution with no requotes, negative balance protection, and a variety of trading platforms to choose from.
FXPro offers a free and 180-day life span demo account that enables traders to test their trading strategies and get a feel for the platform's features and functionality without risking any real money. The demo account comes with virtual funds that can be used to trade various financial instruments, including forex, commodities, indices, and shares.
With FXPro's demo account, traders can familiarize themselves with the platform's trading tools and resources, such as the advanced charting package, market news and analysis, and risk management tools. Traders can also practice their trading skills and test out new trading strategies in a risk-free environment.
The process of opening an account with FXPro is a streamlined and uncomplicated endeavor, which aims to provide a smooth onboarding experience for traders.
First, you need to visit the broker's website and click on the 'Register' button.
Then, you will then be directed to a page where you need to fill out a registration form with your personal information, including your full name, email address, phone number, and country of residence. You will also need to create a unique username and password.
Once you have submitted your registration form, you will be prompted to verify your email address by clicking on a verification link that will be sent to your inbox. After verifying your email, you can then proceed to complete the verification process by providing additional information, such as your ID and proof of address.
Once your account has been verified, you can then proceed to fund it with the minimum required deposit. FXPro offers a variety of payment methods, including bank transfers, credit/debit cards, and e-wallets. You can choose the payment method that best suits your needs and preferences.
After funding your account, you can then start trading by logging into the FXPro trading platform with your account credentials. If you are new to trading, it is recommended that you first practice on the demo account to get a feel of how the platform works before risking your real money.
FXPro offers competitive leverage ratios for different trading instruments to help traders maximize their trading potential. For forex majors, gold, and futures spot, as well as futures of energy (UK Oil, Natural Oil), the broker offers a high leverage of up to 1:200. This means that traders can control a large amount of capital with a relatively small deposit. However, traders should be aware that high leverage also increases the risk of potential losses.
For other instruments such as indices and shares, the leverage ranges from 1:20 to 1:50, depending on the specific instrument.
Here's a table comparing the maximum leverage offered by FXPro, IC Markets, Exness, FP Markets, and FBS across various asset classes:
Broker | Forex majors & Gold | Forex minors & exotics | Futures Spot & Futures Energy | Indices & Metals | Stocks & ETFs | Cryptocurrencies |
FXPro | 1:200 | 1:50 | 1:200 | 1:100 | 1:05 | 1:05 |
IC Markets | 1:500 | 1:500 | 1:200 | 1:100 | 1:20 | 1:05 |
Exness | 1:2000 | 1:2000 | 1:200 | 1:200 | 1:20 | 1:02 |
FP Markets | 1:500 | 1:500 | 1:100 | 1:100 | 1:20 | 1:05 |
FBS | 1:3000 | 1:3000 | 1:100 | 1:500 | 1:20 | 1:03 |
FXPRO offers variable spreads that can vary depending on the market conditions and the asset being traded. The spreads offered by FXPRO may appear to be on the higher side, with the EUR/USD pair starting from 1.5 pips, GBP/USD from 2.1 pips, WTI spreads from 60 pips, Gold from 36 pips, and BTC from 6251 pips. However, it's important to note that different brokers may offer different spreads depending on their business model, and it's always essential to compare the spreads of different brokers before deciding on one.
In terms of commissions, FXPRO offers commission-free trading for most instruments, except for share CFDs, which are subject to a commission of 0.05% of the transaction value.
Here's a table that compares the spread on some of the most popular trading instruments provided by FXPRO with other well-known brokers in the market.
Broker | EUR/USD Spread | GBP/USD Spread | WTI Spread | ETHUSD Spread | Gold Spread |
FXPRO | 1.5 pips | 2.1 pips | 60 pips | 1.5 pips | 36 pips |
XM | 0.8 pips | 1.7 pips | 3.0 pips | 8.0 pips | 34 pips |
AvaTrade | 1.3 pips | 1.6 pips | 2.2 pips | 4.0 pips | 40 pips |
FXTM | 1.3 pips | 1.9 pips | 2.0 pips | 12.0 pips | 35 pips |
HF Markets | 1.1 pips | 1.4 pips | 4.0 pips | 3.0 pips | 38 |
In addition to trading fees, FXPRO also charges non-trading fees that traders should be aware of. These fees include overnight interest fees, inactivity fees, and withdrawal fees.
Overnight interest fee, also known as swap rates. This fee is charged when traders hold positions overnight and can be either positive or negative, depending on the currency pair and the direction of the trade.
The inactivity fee is charged when a trader does not place any trades for a certain period of time. This fee is typically charged on a monthly basis and is deducted from the trader's account balance.
FXPRO also charges withdrawal fees, which vary depending on the withdrawal method used. Withdrawals via bank transfer are typically subject to a fee, while withdrawals via e-wallets may be free of charge.
Overall, while the non-trading fees of FXPRO are not excessive, traders should be aware of them and factor them into their trading costs.
FXPro provides traders with a variety of robust and user-friendly trading platforms to choose from, including the popular MetaTrader 4 and 5 (MT4 and MT5) platforms, as well as their proprietary FXPro Trading Platform and the advanced cTrader platform. Each platform offers different features and advantages, allowing traders to choose the platform that best suits their individual trading needs and preferences.
MT4 and MT5 are widely recognized as the industry standard in forex trading platforms, providing traders with a comprehensive range of analytical tools, customizable indicators, and automated trading capabilities. FXPro's proprietary trading platform, on the other hand, offers a user-friendly interface with advanced charting capabilities and built-in risk management tools.
For traders looking for a more advanced trading experience, cTrader offers a range of sophisticated features such as level 2 pricing, advanced order types, and algorithmic trading capabilities.
Broker | Trading Platforms Offered |
FXPro | MT4, MT5, FXPro Trading Platform, FXPro cTrader |
FXTM | MT4, MT5 |
Exness | MT4, MT5 |
FP Markets | MT4, MT5, IRESS |
Pepperstone | MT4, MT5, cTrader |
The minimum deposit is $100. FXPro UK Ltd provides its clients with a diverse range of deposit and withdrawal options to facilitate seamless transactions. Clients can deposit funds through various methods, including bank transfer, broker-to-broker transfer, VISA, MasterCard, Maestro, and MasterCard Secure Code. Withdrawals can also be made using the same methods.
It is important to note that while deposits are free of charge, some withdrawal methods may incur fees. For instance, bank transfers may attract fees from the bank or intermediary bank, and credit card withdrawals may incur a 2% fee on the withdrawal amount.
FXPro Financial Services Ltd accepts the payment methods mentioned previously, such as Bank Transfer, Broker to Broker, VISA, MasterCard, and Maestro. Additionally, FXPro Financial Services Ltd also supports e-wallet payment methods including PayPal, Neteller, and Skrill.
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FXPRO offers customer support to its clients through various channels, including email, phone, and live chat. The customer support team is available 24/5 and can assist clients with any questions or issues they may have regarding their trading accounts, trading platforms, or other services offered by the broker.
Clients can contact the customer support team via email, and they can expect to receive a response within 24 hours. Phone support is available in multiple languages, and clients can find phone numbers for their respective countries on the broker's website.
FXPRO also offers a live chat feature on its website, which allows clients to connect with a customer support representative in real-time. Live chat is available in multiple languages and is a quick and convenient way for clients to get their questions answered or issues resolved.
In addition to the above channels, FXPRO has an extensive FAQ section on its website that covers a wide range of topics related to trading, account management, and other services provided by the broker. Clients can access the FAQ section by clicking on the “Support” tab on the broker's website.
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Video tutorials: FXPro offers a wide range of video tutorials covering various topics such as trading strategies, technical analysis, and market news.
Webinars: The broker hosts webinars featuring expert traders, covering a wide range of topics and providing clients with the opportunity to ask questions and interact with other traders.
Trading tools: FXPro provides its clients with a range of trading tools, including economic calendars, market analysis, and trading calculators.
Ebooks: The broker offers a range of ebooks covering topics such as trading psychology, technical analysis, and trading strategies.
Glossary: FXPro has a comprehensive glossary of trading terms, providing clients with definitions of commonly used terms and concepts.
Trading academy: The broker has a trading academy that offers a range of courses covering beginner, intermediate, and advanced topics. These courses are designed to help traders improve their skills and knowledge.
Market insights: FXPro provides clients with daily market insights, covering the latest market news, analysis, and commentary.
Overall, FXPro is a well-regulated and reputable online forex broker with several advantages and disadvantages. The broker offers a wide range of trading instruments and allows trading on multiple platforms, including MT4, MT5, cTrader, and its proprietary platform.
While the broker's leverage is relatively high, its trading fees, including spreads and commissions, may be considered somewhat expensive. The broker also offers a variety of deposit and withdrawal options, with a minimum deposit of $100.
FXPro's customer support is reliable and efficient, with several contact options, including email, phone, and live chat. Additionally, the broker offers various educational resources, including webinars, articles, and tutorials, to help traders enhance their trading skills and knowledge.
Question: Is FXPro a regulated broker?
Answer: Yes, FXPro is a regulated broker. It is authorized and regulated by several top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
Question: What trading instruments are available at FXPro?
Answer: FXPro offers a wide range of trading instruments, including forex, commodities, indices, futures, and shares. Clients can trade over 70 currency pairs, as well as gold, silver, crude oil, and other popular commodities.
Question: Does FXPro offer a demo account?
Answer: Yes, FXPro offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.
Question: What payment methods does FXPro accept?
Answer: FXPro accepts a wide range of payment methods, including bank transfers, credit/debit cards, and e-wallets such as PayPal, Skrill, and Neteller.
Question: What trading platforms does FXPro offer?
Answer: FXPro offers several trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and its own proprietary trading platform. Clients can choose the platform that best suits their trading needs and preferences.
Question: Does FXPro offer educational resources for traders?
Answer: Yes, FXPro offers a range of educational resources for traders, including video tutorials, webinars, and articles.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fxtm and fxpro are, we first considered common fees for standard accounts. On fxtm, the average spread for the EUR/USD currency pair is From 1.5 pips, while on fxpro the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
fxtm is regulated by CYSEC,FCA,FSC,FSCA. fxpro is regulated by CYSEC,FCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
fxtm provides trading platform including ADVANTAGE PLUS,ADVANTAGE and trading variety including FX Metals Commodities Indices FX indices Stock baskets Stock CFDs (only MT5) Stocks (only MT5). fxpro provides trading platform including -- and trading variety including --.