Under the FCA and CySEC’s rules, companies including FXPro must keep a minimum of €730,000 in funds to prove their solid financial standing. They are also required to keep client funds in segregated accounts, clearly separate from company funds. This means that in xcritical cheating the highly unlikely event of FXPro getting into serious financial trouble, any money you have invested with them will be protected. Additionally, the Financial Services Compensation Scheme (FSCS) protects customer deposits up to £50,000 in the UK. CySEC similarly protects investors for up to €20,000 under Cyprus’s Investor Compensation Fund.
Additional Features
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. The FXPro dashboard allows you to follow other traders’ moves, among other features, while FXPro Quant is a brilliant proprietary visual strategy builder that allows you to easily create your own expert advisors.
This trading tool lets you turn your strategies into trading algorithms that will run on the MT4 platform, with no coding knowledge required. Upload the algorithms to FXPro’s low latency virtual private server and begin automatically trading according to your preferred strategy, 24 hours a day, even when your computer is switched off. Classic calculators include a pip calculator, a margin calculator and a currency converter.
You’ll need to provide a colour scan of your passport, national ID or driving license, and then be able to answer a series of compliance questions to establish your level of trading experience. This can take up to 15 minutes, and then you may have to wait a few days to be approved, although equally you may be approved straight away. As a world leader in the foreign exchange, or forex, sector since 2006, FXPro has an excellent reputation and solid foundations.
Before you trade, AskTraders.
The FXPro trading platform includes the usual custom tools and backtesting, but FXPro also brings several unique add-ons of their own to the table. These include the FXPro Vault, which allows you to keep an amount of your funds separate in a secure virtual vault, to be used for future trading. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. FxPro’s MT4 download is only compatible with macOC Catalina (10.15) and below at this moment in time.
This is because its MT4 download requires Python 2.7, which is no longer included in the latest macOS releases. If your MacBook has been updated to the latest version, we suggest downloading MT4 from the MetaTrader 4’s official website instead(2). The MetaTrader 4 platform update will be released on Friday, February 23, 2024. The MetaTrader 4 platform update will be released on Friday, March 1, 2024.
- This means that in the highly unlikely event of FXPro getting into serious financial trouble, any money you have invested with them will be protected.
- FXPro has full customer support available in 23 countries, via toll-free phone calls as well as email.
- FXPro also offers a VIP premium account for high net worth clients and/or those who are actively trading in large volumes.
- With the WebTrader version, users can log on to all of their MT4 accounts from any web-connected browser, simply by entering their FXPro Direct credentials.
Spreads and Leverage
On the down side, there are no bonuses or promotional offers with FXPro, in accordance with its licensing regulations. There are also no guaranteed stops and no vanilla or binary options, meaning that as with all trading platforms you buy and sell with FXPro at your own risk. There is a swap-free Islamic account available on request, as well as a demo account to let you get the hang of MT4 trading with FXPro before committing to live funds. Signing up as an FXPro VIP client gives you a host of additional bonus features, including exclusive news reports and trade recommendations plus margin level alerts that you can sign up to via either email or SMS. When signing up with FXPro however, be aware that it may take several days before you can start trading.
FXPro has a commitment to full transparency and trade execution statistics, in the form of slippage and requotes data, are published by the company regularly. Client accounts are fully segregated and protected by the rules of its regulators and are held with major banks including Barclays and the Royal Bank of Scotland. FXPro operates a policy of negative balance protection, which should stop you from going into the red on your forex account. Although it is always possible that you could lose the money you have invested, appropriate margin calls will stop you from losing any more than your initial investment.
The Signals service allows you to copy trades of other traders, while the Market provides you with various Expert Advisors and Technical indicators that you can buy. When you first launch the platform, you’ll be asked to create a new FxPro MT4 account or login with your existing credentials. If you’ve already created an FxPro MT4 account, enter the username and password that were emailed to you upon registering. MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors.
It includes over 50 different technical indicators, an advanced charting package, and the option to create custom expert advisors for automated trading. With a standard FXPro MT4 account, the minimum deposit is $100, although the firm recommends depositing at least $500. A full range of educational resources are available in the FXPro Trading Academy, including webinars, video tutorials and live fxcriticals. These take trading beginners all the way through the basics of how to trade, up to advanced strategies for successful trading on a variety of markets.
FxPro MT4 Download
Appropriately for our modern age, each FXPro trading platform comes in different formats appropriate to different devices. The standard FXPro MetaTrader model is FXPro MT4 for Desktop, but there are is also an MT4 WebTrader version, MT4 MultiTerminal and MT4 for Mobile. With the WebTrader version, users can log on to all of their MT4 accounts from any web-connected browser, simply by entering their FXPro Direct credentials. This is useful if you aren’t able to access your own trading terminal for whatever reason.
The premium account requires a minimum deposit of $50,000, and in addition to the benefits previously mentioned, VIP account holders also get a free FXPro MasterCard. Corporate and joint accounts are available, and a client can hold up to five different trading accounts simultaneously. This is an investing tool for fund managers and investors who work together. It uses the innovative multi-account manager (MAM) software along with letting you trade in the superior trading environment of MetaTrader 4. FXPro MT4 is one of four platforms the broker offers, alongside MT5, cTrader (NDD) and its own brand FXPro Markets platform. All of these platforms would score highly in any forex broker comparison, but FXPro remains the platform of choice for experienced traders and brokers.
The library of video tutorials is very extensive, and many give general trading advice and tips as well as lessons on using the FXPro trading platform. Again, this sets FXPro apart from many other online brokers which often only explain how to use their platform. Webinars take place several times a week and need to be registered for in advance. FXPro is regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus and the Financial Services Board of South Africa. It has also been licensed to operate in the UAE since October 2017 under the Dubai Financial Services Authority.
This web-based version of MT4 is xcritical official site optimised for online use, with improvements including a redesigned layout and real-time risk statistics. MT4 for Mobile comes in Android, iOS and web-based versions and includes rapid trade execution and a user-friendly interface optimised for mobile devices. FXPro clients using MT4 can choose from a fixed spread account with instant execution, a floating spread account with instant execution, and a floating spread account with market execution. With instant execution, the client can specify both volume and price, and can reject the execution if the price changes; with market execution, the client only specifies volume, with the price generated by the market. As previously mentioned, it is also possible to open a demo account and “try before you buy” with a virtual balance of $500,000. FXPro also offers a VIP premium account for high net worth clients and/or those who are actively trading in large volumes.