How to register an account with FXPro and participate in bonus promotions? Here is everything you need to know .
Open FXPro's trading account. Table of Contents
- What is FXPro?
- Range of Markets
- Regulatory Assurance and Security
- Technological Edge and Execution Speed
- Multiple Trading Platforms
- Award-Winning Customer Service
- Transparent Funding and Withdrawal Processes
- FXPro's Deposit Bonus Promotions
- Features of the Promotion
- Withdrawal Conditions
- Trading Platforms of FXPro
- FxPro Trading Platforms Overview
- Key Features Across Platforms
- Mobile and Web Accessibility
- Overview of FxPro MetaTrader 4
- Comprehensive Trading Tools
- Flexible Trading Execution
- Trading Central Tools
- Desktop and Web Access
- Mobile Trading
- MT4 Multiterminal
- Overview of FxPro cTrader Platform
- Advanced Technical Features
- Customization and Usability
- Integrated Trading Tools
- Multi-Platform Accessibility
- Competitive Trading Conditions
- Overview of FxPro MetaTrader 5
- Advanced Technical Tools
- Enhanced Customization and Usability
- Integrated Economic Calendar and DOM
- Multi-Device Accessibility
- Desktop and Web Access
- Mobile Trading
- Trading Central Tools
- FxPro's Trading Products
- Forex Trading
- Futures Trading
- Spot Indices Trading
- Share & Stock Trading
- Precious Metals Trading
- Spot Energy Trading
- Cryptocurrency CFDs
- Overview of FXPro's Execution Model
- Key Components of FXPro's NDD Execution
- Distinctions from STP and ECN Models
- Misconceptions Around STP
- Differences from ECN
- Execution Transparency and Ethics
- Data Center and Infrastructure
- FXPro Fund Deposit Methods
- Funding Methods and Details
- Bank Wire Transfer
- Credit/Debit Cards
- Digital Wallets
- Processing Times and Customer Service
- Security and Online Safety
- How to open FXPro's Bonus Trading Account
- Step 1: Choose Your Trading Platform
- Step 2: Register for an Account
- Step 3: Verify Your Account
- Step 4: Fund Your Account
- Step 5: Activate Bonus Promotions
- Step 6: Start Trading
What is FXPro?
FxPro is a distinguished online trading broker established in 2006, offering a wide range of services and trading options to clients worldwide.
With a strong presence in over 170 countries, FxPro caters to both retail and institutional clients by providing a robust trading environment with access to various financial instruments.
Range of Markets
FxPro allows trading in Contracts for Difference (CFDs) across six major asset classes including Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energy.
This diversity enables traders to broaden their investment strategies and take advantage of market fluctuations across different sectors.
Regulatory Assurance and Security
FxPro prioritizes client security and regulatory compliance.
It is regulated by several key financial authorities:
- FxPro UK Limited is regulated by the Financial Conduct Authority (FCA) in the UK.
- FxPro Financial Services Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa.
- FxPro Global Markets Limited is overseen by the Securities Commission of The Bahamas (SCB).
These regulations ensure that FxPro operates under stringent guidelines, providing a safe and transparent trading environment.
Invest with a regulated broker
Technological Edge and Execution Speed
FxPro boasts state-of-the-art trading technology, which includes an in-house spot aggregator and advanced order-matching technology.
These tools provide traders with deep liquidity and ultra-fast trade execution times, often under 13 milliseconds.
With no dealing desk intervention, FxPro offers tight spreads and competitive pricing, ensuring optimal trading conditions.
Multiple Trading Platforms
Traders at FxPro can choose from four different trading platforms based on their preference and trading style:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
- FxPro Edge
Platforms | FxPro Platform | MetaTrader 4 | MetaTrader 5 | cTrader |
---|---|---|---|---|
EA Trading | Yes | Yes | Yes | Yes |
Chart Trading | Yes | Yes | Yes | Yes |
DoM (Depth of Market) | Yes | Yes | Yes | Yes |
1 Click Trading | Yes | Yes | Yes | Yes |
Indicators | 50+ | 30 (can add custom also) | 35+ (can add custom also) | 55+ (can add custom also) |
Pending Order Types | 4 | 4 | 6 | 6 |
Trailing Stop | No | Yes | Yes | Yes + Advanced take profit and breakeven stop loss |
Price Alerts | Sound | Sound, email, notification | Sound, email, notification | Various types |
Chart Types | Line, Bar, candlesticks, Heiken Ashi, HLC & dots | Line, Bar, candlesticks | Line, Bar, candlesticks | Line, Bar, candlesticks & dots |
Chart Time Frames | 15 | 9 | 21 | 26+ tick, range & renko |
Trading Central Integration | No | Yes with plug-in | Yes with plug-in | Yes via chart targets |
Sentiment | Only for majors | No | No | Yes |
Languages | 1 | 37 | 49 | 22 |
Coding Language | N / A | MQL4 | MQL5 | C# |
Integrated Economic Calendar | Yes | Yes | Yes | Yes |
Detachable Charts | Yes | Yes | Yes | Yes |
Signup Links | Open FxPro Platform Account | Open MetaTrader 4 Account | Open MetaTrader 5 Account | Open cTrader Account |
Each platform is equipped with unique features and tools to support efficient trading.
Award-Winning Customer Service
FxPro’s dedicated customer service operates 24/5 and provides multilingual support to address the needs of a global clientele. This service commitment has garnered FxPro numerous awards for excellence and reliability in customer support.
Over its 22 years in the industry, FxPro has received over 105 international awards, recognizing its commitment to quality and innovation in the financial services industry.
These awards reflect FxPro’s reputation as a leading broker in the Forex market and its dedication to providing superior service.
Transparent Funding and Withdrawal Processes
FxPro offers a variety of convenient payment methods with zero funding fees, and it maintains high standards of safety for client funds.
All client funds are segregated from the company’s own funds and kept in major international banks, ensuring financial security.
By integrating advanced technologies, ensuring regulatory compliance, and focusing on customer satisfaction, FxPro continues to uphold its reputation as a leader in the online trading industry.
FXPro’s Deposit Bonus Promotions
FXPro’s promotion offers an exciting opportunity for new traders.
Here’s an in-depth look at what the promotion includes and how it benefits participants.
FXPro is providing a generous bonus structure as part of their campaign.
This includes a 100% bonus on the first deposit made by new clients, effectively doubling their trading capital upon entry.
Additionally, further deposits receive a 50% bonus, enhancing traders’ capacity to increase their market activity.
Features of the Promotion
- 100% Credit on First Deposit
- Upon opening a new MT5 Promo account and making the initial deposit, FXPro matches this deposit 100%, doubling the trader’s capital instantly. This boost is crucial as it allows traders to take on larger positions or diversify their investments right from the start.
- 50% Credit on Subsequent Deposits
- The promotion continues to reward traders’ dedication by offering a 50% credit on any additional deposits made during the promotional period. This not only acknowledges the trader’s commitment but also reinforces their capacity to engage in sustained trading activity.
- 15% Spread Rebate on Every Trade
- An additional benefit is the 15% rebate on spreads for every trade conducted, which is directly credited to the trader’s account. This can be converted into cash and withdrawn at any time, which encourages continuous trading and provides a rebate that can offset transaction costs.
- Special Offers for High Volume Traders/dt>
- High-volume traders receive special recognition, with their credited bonuses. This allows successful traders to leverage their credits over a longer period, potentially increasing their profitability through strategic trading moves.
The promotion is available for new MT5 Promo accounts opened in either USD, ZAR, or JPY, catering to a diverse group of traders by accommodating different currencies.
Withdrawal Conditions
While the primary function of the credited amounts is to facilitate trading, traders can convert the 15% spread rebate into cash for withdrawal.
Should a trader withdraw funds, a proportionate amount of the credited bonus is deducted, ensuring a balanced approach to bonus utilization and withdrawals.
All promotional credits will expire, unless you’re among the top 15 traders by volume, in which case the credit expiry extends the next expiration date.
This clause encourages traders to make the most of their bonuses during the active period.
FXPro’s promotion also includes features like Negative Balance Protection, which safeguards traders from losing more than they have in their accounts.
This adds a layer of security, protecting traders from volatile market conditions that could otherwise lead to significant losses.
Trading Platforms of FXPro
FxPro offers a versatile suite of trading platforms, each tailored to accommodate the diverse needs of traders around the world.
This variety allows for a more personalized trading experience, depending on individual trader preferences and requirements.
Account Types | MT4 Instant & Fixed | FxPro MT4 | FxPro MT5 | cTrader | FxPro Platform |
---|---|---|---|---|---|
CFD Instruments | Forex, Metals, Indices, Energy, Futures | Forex, Metals, Indices, Energy, Futures, Cryptocurrencies & Shares | Forex, Metals, Indices, Energy, Futures, Cryptocurrencies & Shares | Forex, Metals, Indices, Energy, Futures, Cryptocurrencies | Forex, Metals, Indices, Energy, Futures, Cryptocurrencies & Shares |
Platforms Available | Metatrader 4 desktop, MT4 Webtrader, MT4 mobile app for iOS/Android, FxPro EDGE web, FxPro Mobile app for iOS/Android | Metatrader 4 desktop, MT4 Webtrader, MT4 mobile app for iOS/Android, FxPro EDGE web, FxPro Mobile app for iOS/Android | Metatrader 5 desktop, MT5 Webtrader, MT5 mobile app for iOS/Android, FxPro EDGE web, FxPro Mobile app for iOS/Android | cTrader Desktop, cTrader Webtrader, cTrader mobile app for iOS/Android | FxPro mobile app for iOS/Android, FxPro EDGE web, Metatrader 4 desktop, MT4 Webtrader, MT4 mobile app for iOS/Android |
Trade Sizes | 0.01 (micro lots) and upwards | 0.01 (micro lots) and upwards | 0.01 (micro lots) and upwards | 0.01 (micro lots) and upwards | 0.01 (micro lots) and upwards |
Trading Costs | MT4 Instant: Marked-Up floating spreads (zero commission). MT4 Fixed: Fixed for 10 FX pairs, floating for others. Swaps/rollovers applied overnight. | All instruments: Marked-Up floating spreads (zero commission). Swaps/rollovers applied overnight. | All instruments: Marked-Up floating spreads (zero commission). Swaps/rollovers applied overnight. | FX & Metals: Reduced Spread + $35 per $1M traded. Other: Marked-Up floating spreads. Swaps/rollovers applied overnight. | All instruments: Marked-Up floating spreads (zero commission). Swaps/rollovers applied overnight. |
Min Stop Levels | 1 pip minimum for most majors | 1 pip minimum for most majors | 1 pip minimum for most majors | No minimum | 1 pip minimum for most majors |
Execution Type | Instant Execution | Market Execution (VWAP) | Market Execution (VWAP) | Market Execution (VWAP) | Market Execution (VWAP) |
Account Type | Hedging | Hedging | Netting or Hedging | Hedging | Hedging |
Trading Times | 24/5 FX trading | 24/5 FX trading, 24/7 Crypto trading | 24/5 FX trading, 24/7 Crypto trading | 24/5 FX trading | 24/5 FX trading, 24/7 Crypto trading |
Execution Model | No Dealing Desk Intervention | No Dealing Desk Intervention | No Dealing Desk Intervention | No Dealing Desk Intervention | No Dealing Desk Intervention |
Stop Out | 50% (all entities) | 50% (all entities) | 50% (all entities) | 50% (all entities) | 50% (all entities) |
Signup Links | Open MT4 Instant & Fixed Account | Open FxPro MT4 Account | Open FxPro MT5 Account | Open cTrader Account | Open FxPro Platform Account |
FxPro Trading Platforms Overview
- MetaTrader 4 (MT4)
- MetaTrader 4 is renowned for its user-friendly interface and powerful trading tools. It is ideal for traders of all experience levels and offers features such as automated trading through Expert Advisors (EAs), multiple chart setups, and a vast library of technical indicators. MT4 is particularly favored for Forex trading but also supports other CFDs, providing flexibility with a fixed spread option.
- MetaTrader 5 (MT5)
- MetaTrader 5 is an advanced platform that offers additional features compared to MT4. It supports more CFD products, including a wide range of shares, and offers both hedging and netting options. MT5 caters to traders looking for enhanced trading functions like more technical indicators, integrated economic calendars, and deeper historical data for back-testing strategies.
- cTrader
- cTrader is tailored for traders looking for a more modern trading interface and advanced trading capabilities. It does not support shares or futures but is highly regarded for its intuitive design, advanced order capabilities, and the implementation of cBots for automated trading. The platform offers lower FX spreads but includes a fixed commission fee, making it suitable for high-volume traders who prefer direct market access and rapid execution speeds.
- FxPro Platform
- The proprietary FxPro Platform is designed to cater to traders who seek an all-in-one trading solution. It integrates seamlessly with both MT4 and MT5 account types, offering top-quality execution through powerful web and mobile solutions. This platform simplifies managing trades and funds by allowing access from a single application, suitable for traders who value convenience and efficiency.
Key Features Across Platforms
- Access to over 2100+ CFD assets:
- Traders can invest across six different asset classes, ensuring they can diversify their trading strategies.
- Advanced Trading Tools:
- All platforms are equipped with sophisticated trading tools and systems that help in detailed market analysis and decision-making.
- Cross-Platform Compatibility:
- Traders can switch between desktop, web, and mobile interfaces, maintaining functionality and flexibility across different devices.
- User-Centric Design:
- Each platform features a customizable interface that caters to the preferences of individual traders, from beginners to professionals.
Mobile and Web Accessibility
- FxPro Mobile App:
- Available for iOS and Android, the FxPro mobile app allows traders to manage accounts, funds, and trades directly from their smartphones. The app integrates the trading platform and includes features like volatility push notifications and an interactive economic calendar.
- Web Platform:
- The FxPro web platform provides convenient access to trading accounts via browsers, with customizable layout options and a range of technical indicators and charting tools.
By offering a broad spectrum of trading platforms, FxPro ensures that traders can select the environment that best suits their trading style and needs, enhancing their ability to effectively manage and execute trades.
Whether through MT4, MT5, cTrader, or the FxPro Platform, traders are equipped with everything they need to operate efficiently in the dynamic world of online trading.
Overview of FxPro MetaTrader 4
FxPro offers the MetaTrader 4 (MT4) platform, which is renowned for its reliability and comprehensive functionality.
Since its inception in 2005, MT4 has become the industry standard, favored by traders worldwide for its robust trading features, advanced charting capabilities, and user-friendly interface.
Comprehensive Trading Tools
MT4 includes all the essential tools needed for effective trading.
Traders have access to:
- Over 50 preinstalled technical indicators for analyzing market trends and potential opportunities.
- 24 analytical tools to assist in detailed market analysis.
- The ability to trade directly from charts with one-click trading options.
- Customizable charts and the option to add custom Expert Advisors (EAs) and indicators to tailor the trading experience.
Flexible Trading Execution
FxPro MT4 provides flexibility in order execution, allowing traders to choose between instant and market execution.
This ensures traders can adapt their trading strategies to the speed and style that best suit their needs.
Trading Central Tools
MT4 on FxPro is enhanced with exclusive analytical tools from Trading Central, offering advanced technical analysis and insights. These tools help traders identify new trading opportunities, refine their entry and exit timings, and gain perspectives on market directions and potential pivot points.
Desktop and Web Access
FxPro MT4 can be downloaded and used on PCs, Macs, and via a web browser, ensuring traders can access their accounts and engage in trading activities from virtually anywhere:
- The web version offers a secure, customizable trading environment with similar functionalities as the desktop version, such as 30 technical indicators, multiple chart types, and one-click trading.
- The platform is optimized for modern internet browsers, ensuring efficient and secure data transmission.
Mobile Trading
With FxPro MT4 Mobile, traders can access the platform on iOS and Android devices, enabling trading on the go.
Mobile features include:
- 30 technical indicators and 24 analytical tools.
- Customizable chart layouts and push notifications.
- An optimized display for tablets, making it convenient to view detailed charts and execute trades.
MT4 Multiterminal
For traders managing multiple accounts, MT4 Multiterminal provides a powerful solution.
It allows for simultaneous management of multiple MT4 accounts, with features that include:
- The ability to open, close, and modify positions across different accounts.
- Options for lot size allocation based on predefined volume, equity ratio, or free margin ratio.
- One-click trading functionality for efficient order execution.
FxPro MetaTrader 4 stands out as a versatile trading platform suited to traders of all levels, from novices to experienced professionals.
It combines robust functionality with user-friendly features, making it a preferred choice for those looking to trade a wide range of CFD instruments across various asset classes.
Overview of FxPro cTrader Platform
The FxPro cTrader platform is designed to provide traders with a seamless and advanced trading experience.
Known for its robust technology and innovative features, cTrader at FxPro allows for lower commissions and ultra-low spreads particularly on FX and Metals, making it a highly attractive option for traders focused on these markets.
Advanced Technical Features
cTrader is equipped with a range of sophisticated trading tools designed to enhance trading performance:
- 55+ pre-installed technical indicators and 28 timeframes help traders perform complex analysis and make informed decisions.
- Level 2 Depth of Market (DoM) offers an in-depth view of market prices and liquidity, which is crucial for making precise trade entries and exits.
- Advanced Order Protection features like trailing stops and additional pending order types (such as sell stop limit and buy stop limit) enhance trading strategies and risk management.
Customization and Usability
- The platform allows for extensive customization of charts and the interface, enabling traders to tailor the workspace to their specific needs.
- Detachable and linked charts improve the efficiency of monitoring and analyzing multiple instruments.
- One-click trading and trade from charts functionality streamlines the process, making it faster and more convenient to execute trades.
Integrated Trading Tools
- cTrader integrates essential trading tools such as an economic calendar, market sentiment indicators, and a news feed directly into the platform, providing traders with valuable market insights and data in real-time.
- Trading Central Targets on cTrader deliver independent technical analysis and chart targets, helping to identify new trade opportunities and optimize trade timing.
Multi-Platform Accessibility
- Desktop Platform
- The cTrader desktop platform can be downloaded for free and offers full functionality with a single cTrader ID (cTID) login. This unified access means that all settings and accounts are synchronized across multiple devices, enhancing the trading process.
- Mobile and Tablet Access
- The cTrader mobile app is available for iOS and Android devices, offering a sophisticated interface and advanced mobile charting features.
Mobile users enjoy similar functionalities as the desktop version, including a comprehensive set of technical indicators, multiple timeframes, and quick trade options. - Web Platform
- The cTrader web platform allows traders to access their accounts from any browser or Mac without the need to install any software. This version maintains many of the advanced features of the desktop platform, providing flexibility and ease of access from anywhere, at any time.
Competitive Trading Conditions
FxPro has reduced commission rates to $35 per $1 million traded on the cTrader platform, coupled with competitive spreads, which significantly lower the cost of trading.
The platform offers market execution, ensuring no dealing desk intervention and providing traders with fast, reliable order execution.
The FxPro cTrader platform stands out in the trading community for its advanced functionalities, competitive pricing, and the ability to cater to detailed analytical needs.
Whether through desktop, mobile, or web versions, cTrader offers a powerful solution for traders looking for depth, flexibility, and efficiency in their trading operations.
Overview of FxPro MetaTrader 5
FxPro MetaTrader 5 (MT5) is an enhanced trading platform that builds on the legacy of its predecessor, MT4, with improved functionalities and a user-friendly interface.
Designed to meet the needs of both novice and experienced traders, MT5 offers a more powerful trading environment with advanced features and tools.
MT5 supports trading a diverse range of CFDs, including Forex, Metals, Indices, Energy, Stocks, and Futures.
This broad spectrum allows traders to diversify their portfolios across different asset classes using a single platform.
Advanced Technical Tools
- 38+ preinstalled technical indicators and 44 analytical charting tools provide comprehensive analysis capabilities to enhance trading strategies.
- 21 time-frames and 3 chart types offer detailed insights into market trends and patterns.
- Additional pending order types, such as sell stop limit and buy stop limit, enhance order management.
Enhanced Customization and Usability
The MT5 interface is highly customizable, allowing traders to adjust the platform according to their trading preferences and strategies.
Detachable charts, 1-click trading, and the ability to trade directly from charts simplify the trading process and enhance flexibility.
Traders can also add custom Expert Advisors (EAs) and indicators to tailor the platform’s functionality to their specific needs.
Integrated Economic Calendar and DOM
- An integrated economic calendar keeps traders updated on important financial events that can affect the markets.
- Depth of Market (DOM) information is readily available, providing insight into market liquidity and price levels.
Multi-Device Accessibility
Desktop and Web Access
FxPro MT5 can be installed on both Windows and Mac computers, ensuring accessibility for all desktop users.
The MT5 Webtrader allows traders to access their accounts from any web browser without installing software, making it convenient for those who prefer online access or use multiple devices.
Mobile Trading
FxPro MT5 Mobile is available on iOS and Android, enabling traders to manage their accounts and trade from anywhere at any time.
The mobile platform includes 30 technical indicators and 23 analytical tools, along with customizable chart layouts and chart trading capabilities.
Optimized for both phones and tablets, the mobile version ensures a responsive and efficient trading experience on smaller screens.
Trading Central Tools
FxPro MT5 integrates exclusive technical analysis indicators from Trading Central, which aid traders in identifying new trading opportunities and refining their market entry and exit timings.
These tools provide valuable insights, including Trading Central’s preferred market directions and potential target levels.
FxPro MetaTrader 5 represents a significant step forward in online trading platforms, offering a robust set of tools designed for advanced trading.
Its broad range of features, combined with competitive spreads and zero commissions on trades, makes it an attractive choice for traders aiming for a sophisticated trading experience.
Whether on desktop, web, or mobile, MT5 provides a flexible and powerful platform suitable for a variety of trading activities.
FxPro’s Trading Products
FxPro provides a wide range of trading products, allowing clients to engage in various markets with CFDs, which include Forex, Futures, Spot Indices, Shares & Stocks, Precious Metals, and Spot Energy.
This extensive selection enables traders to diversify their portfolios and take advantage of market fluctuations across different asset classes.
Forex Trading
Forex, or the foreign exchange market, is the largest and most liquid financial market globally, with a daily turnover exceeding $5 trillion.
FxPro allows trading in over 70 FX pairs, offering tight spreads and rapid order execution.
The market consists of currency pairs where the first listed currency acts as the ‘base’ and the second as the ‘quote’ or ‘term’ currency.
Traders can speculate on the price movements between these currencies, taking positions based on their predictions of future exchange rates.
Futures Trading
Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and price.
FxPro offers CFDs on a variety of futures, including commodities, indices, and energy, allowing traders to speculate on the price movements of these assets without physically owning them.
Spot Indices Trading
Trading CFDs on indices provides a way to trade on the general market direction of leading stock markets without needing to analyze the performance of individual companies.
FxPro offers CFD trading on major global indices, which are excellent indicators of market trends in various regions and sectors.
Share & Stock Trading
Share trading with FxPro involves CFDs on thousands of global shares, including major companies like Apple and Facebook.
This type of trading does not require owning the actual shares; instead, traders can speculate on the share price movements.
Traders can benefit from both rising and falling markets by going long or short, respectively.
Precious Metals Trading
Trading precious metals such as gold and silver is another offering from FxPro.
Metals trading can be a safe haven or a hedge against economic uncertainty.
FxPro enables trading CFDs on spot metals, reflecting the physical prices of these commodities without the need for physical delivery.
Spot Energy Trading
Spot Energy CFDs at FxPro allow trading on the most crucial energy resources like Brent oil, WTI, and Natural Gas.
Energy prices are highly volatile and are influenced by global geopolitical and economic factors, making them an attractive option for traders looking for short-term profits based on price swings.
Cryptocurrency CFDs
FxPro also offers CFDs on popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
This allows traders to speculate on the rapidly changing prices of cryptocurrencies without the need for direct ownership of digital assets.
Invest in Cryptocurrencies with FXPro
FxPro’s array of trading products and the ability to trade via CFDs offers traders flexibility and the potential to profit from price movements across a diverse set of asset classes.
Each product comes with its own set of dynamics and requires different strategies, suitable for various trader profiles from conservative investors to those seeking aggressive growth.
FxPro provides the tools, platforms, and services needed to engage effectively in these markets.
Overview of FXPro’s Execution Model
FXPro operates with a No Dealing Desk (NDD) execution model, which is integral to providing transparent, efficient, and fair trading for its clients.
This model ensures that there is no interference from a dealing desk, allowing trades to be executed with exceptional speed and accuracy.
Key Components of FXPro’s NDD Execution
- Ultra-Fast Execution Speeds
- FXPro’s technology allows most client orders to be filled in less than 13 milliseconds. In one day alone, the broker successfully executed 199,397 orders, showcasing the capability of its systems to handle large volumes at high speeds.
- Deep Liquidity
- Through its NDD model, FXPro provides access to deep liquidity pools, ensuring that clients can benefit from the best available bid and ask prices every time they place a trade. This access is crucial for minimizing slippage and improving order execution quality.
- Execution without Interference
- Trades at FXPro are executed without any dealing desk intervention. The platform uses an advanced execution engine that internally matches a substantial portion of its order flow. This process allows FXPro to minimize its risk while ensuring that client orders are not interfered with.
- Risk Management
- Not all client positions are hedged directly in the market. FXPro retains a residual exposure up to a predefined market risk limit internally. Any exposure exceeding this limit may be hedged externally to manage risk effectively.
Distinctions from STP and ECN Models
Misconceptions Around STP
Straight-Through Processing (STP) is often misunderstood within the trading community.
While STP relates to post-execution and post-trade communication between executing counterparties, it does not necessarily impact the execution speed or pricing offered to a retail trader directly.
FXPro utilizes STP technologies but emphasizes its classification as an NDD broker, focusing on the direct execution impact rather than just post-trade processes.
Differences from ECN
Electronic Communication Network (ECN) brokers allow for anonymous communication between executing counterparties, which might lead to no guaranteed fills and potentially worse pricing for the retail trader.
Unlike ECN brokers, FXPro ensures that all trades are executed without anonymity issues or non-guaranteed fills, adhering strictly to NDD principles.
Execution Transparency and Ethics
FXPro promotes transparency and ethical trading practices within the industry.
The firm’s execution statistics highlight this commitment:
- In 2024, over 84% of market orders were executed at the requested price or a better one.
- Only 0.36% of all instant orders received a requote, with 0.26% of these requotes offering a better price than initially requested.
Data Center and Infrastructure
FXPro’s trades are executed at their state-of-the-art Equinix Data Centers in LD4 London.
These trading servers are closely connected via cross-fiber links to Tier 1 banks, which provide liquidity through FXPro’s proprietary aggregator, Quotix.
This setup ensures minimal latency and robust trading execution capabilities.
FXPro’s No Dealing Desk execution model is central to its offer of fair, transparent, and efficient trading conditions.
By eliminating dealer intervention and providing direct access to deep liquidity, FXPro ensures that its clients can trade with confidence and benefit from some of the best execution standards in the industry.
FXPro Fund Deposit Methods
FXPro has streamlined the process of funding and withdrawing funds with the introduction of the FXPro Wallet, an innovative financial management tool designed to enhance the convenience and security of managing trading funds.
The FXPro Wallet acts as a central hub between your trading accounts and your funds, allowing you to transfer funds to and from your trading accounts at any time without exposure to trading risks.
This tool provides an added layer of risk management by segregating your trading funds from your deposited funds.
Funding Methods and Details
FXPro offers a variety of methods to deposit funds, ensuring flexibility and convenience for traders worldwide.
Here are some key details about these methods:
Bank Wire Transfer
- Timeframe: Funds usually credited within one working day
- Fees: No charges from FXPro, but sending and correspondent banks may charge according to their fee structures
- Process: Transfers depend on the banks involved but are usually completed within a working day from when FXPro receives the funds
Credit/Debit Cards (Maestro, MasterCard)
- Timeframe: Funds usually credited within 10 minutes
- Fees: Free of charge for both funding and withdrawals
- Withdrawal Limitations: Withdrawals may only be up to the amount funded by the specific card within the last 6 months to 1 year, depending on the card processor
Digital Wallets (PayPal, Skrill, Neteller)
- Timeframe: Funds usually credited within 10 minutes
- Fees: Free of charge for both funding and withdrawals
- Additional Notes: A withdrawal fee of up to 2.6% for Skrill and up to 2% for Neteller may be incurred if a withdrawal is requested without having traded
Processing Times and Customer Service
FXPro emphasizes the efficiency of its processing times, with most electronic payments being processed almost instantaneously or within 10 minutes.
However, clients are advised that there could be delays beyond the control of FXPro, especially with bank transfers which depend on the banks’ own processing times.
For any inquiries or assistance with payment methods, clients are encouraged to contact FXPro directly through their accounting email or visit the FXPro Help Centre for FAQs.
Security and Online Safety
FXPro prioritizes the security of its clients’ data and funds:
- The platform uses high levels of data encryption and continuous monitoring to protect against unauthorized access.
- Clients are encouraged to follow best practices for online security, such as using secure connections, avoiding public Wi-Fi for financial transactions, and using strong, unique passwords for different sites.
FXPro provides a variety of convenient, fast, and secure funding methods to cater to the diverse needs of its global clientele.
The FXPro Wallet enhances this process by offering a versatile tool for managing funds efficiently, safely, and without unnecessary exposure to market risks.
How to open FXPro’s Bonus Trading Account?
To open an account with FXPro and take advantage of their promotional bonuses, follow these steps to ensure a smooth and efficient start to your trading experience:
Step 1: Choose Your Trading Platform
FXPro offers multiple trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and FxPro Edge.
Decide which platform best suits your trading needs based on the features each offers, like advanced order capabilities, user-friendly interfaces, and support for various financial instruments.
Step 2: Register for an Account
Visit the FXPro website.
Choose the type of trading account you wish to open (MT4, MT5, cTrader, or FxPro Edge).
Click on the “Register” or “Open Account” link.
Fill out the registration form with your personal and financial details.
Step 3: Verify Your Account
Submit the required identification documents, such as a government-issued ID and proof of residence (e.g., a utility bill or bank statement).
Verification is essential to comply with financial regulations and ensure the security of your transactions.
Step 4: Fund Your Account
Log in to your newly created FXPro account.
Access the FXPro Wallet to manage your funds securely.
Choose your preferred deposit method.
FXPro supports several funding options, including bank wire transfers, credit/debit cards (Maestro, MasterCard), and digital wallets like PayPal, Skrill, and Neteller.
Follow the prompts to deposit funds into your account.
Remember, the minimum recommended amount is $1000 or equivalent in other currencies.
Step 5: Activate Bonus Promotions
Once your account is funded, check the eligibility for any ongoing promotions.
FXPro offers a 100% bonus on your first deposit, which doubles your trading capital, and a 50% bonus on subsequent deposits during the promotional period.
Additionally, benefit from a 15% spread rebate on every trade, which can be converted to cash and withdrawn anytime.
Step 6: Start Trading
Now that your account is set up and funded, and your bonuses are activated, you can begin trading.
Utilize the trading tools and resources available on your chosen platform to analyze markets, execute trades, and manage your investments.
If you are a high-volume trader, you may qualify for extended benefits and bonuses, allowing you to maximize your trading potential over a longer period.
Keep track of the promotional terms, such as credit expiry and withdrawal conditions.
Utilize FXPro’s educational resources, including tutorials, webinars, and guides, to enhance your trading knowledge and skills.
By following these steps, you can effectively open an account with FXPro, engage with their trading platforms, and take full advantage of their promotional bonuses to enhance your trading experience.
Always check the latest terms and conditions on FXPro’s website to ensure compliance and maximize your benefits.
Please check FXPro official website or contact the customer support with regard to the latest information and more accurate details.
FXPro official website is here.
Please click "Introduction of FXPro", if you want to know the details and the company information of FXPro.
(Forex Broker)
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!