Summary of FXPro's Trading Conditions - Spread, Margin, Cost, etc.

What is CFD trading offered by FXPro?

At FxPro, the broker provides CFDs on foreign exchange, metals, futures, stocks, spot indices, spot energy, and crypto products.

Please visit FXPro’s Official Website to learn more about each asset:

A contract for difference (CFD) is a derivative tool that allows traders to speculate on changes in the value of the underlying asset without owning the ownership of the underlying asset.

In a contract for difference, the buyer and seller agree that when the contract expires, the seller will pay the buyer the difference between the value of the asset as agreed in the contract and the value of the asset at the end of the contract.

If the difference is negative, the buyer must pay the difference to the seller.

CFD traders buy (go long) when the price is expected to rise, and sell (go short) when the price is expected to fall.

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Price quotes on FXPro’s platforms

Forex currency pairs are traded in pairs, each currency is displayed in a three-letter abbreviation, and the currencies are separated by spaces, periods or slashes.

For example, EUR/USD refers to the euro against the U.S. dollar, the first is called the base currency, and the second is the quote currency.

The meaning of currency pairs is how much currency is required to purchase a unit of base currency.

For example, the EUR/USD exchange rate is 1.31, which means that it takes 1.31 U.S. dollars to buy 1 Euro.

All of FXPro’s currency pair quotes will have an extra digit, which means that the last digit is the “point” and the penultimate digit is the “pip” (basis point).

Find out more about FXPro’s price quotes

FXPro’s Market Order and Instant Order

FXPro is an NDD executive agency, providing CFDs on 6 underlying assets.

FXPro provides a market execution mode for most of FXPro’s account types, but FXPro also provides instant execution accounts.

FXPro matches the large order flow internally and keeps the remaining risk exposure within FXPro’s market risk limit.

Excessive exposure will be hedged externally.

With instant execution, your order will be executed at the requested price, or you will receive a requote.

During the market execution process, your order will be executed at the market price available at the time, that is, VWAP (Volume Weighted Average Price).

FXPro provides market execution functions on MT4, MT5, and cTrader accounts, and instant execution on MT4 and MT4 fixed spread accounts. Features.

Please note that for pending orders, the execution method is the same regardless of the account type (ie All stop-loss orders are executed by “market price execution”, and all limited-price orders are executed by “limit price execution”).

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What is the spread offered by FXPro?

FXPro provides competitive floating spreads on all platforms.

On the MT4/MT5 account, you only need to pay the spread of any financial instrument, without paying commissions.

On a cTrader account, the spread is much lower (0 for major currency pairs), but a commission is paid for every transaction (45 USD per 1 million USD).

FXPro also provides fixed spread accounts for MT4, which charge fixed spreads for 7 major currency pairs.

Find out more about FXPro’s Trading Cost

How much is the fee/cost charged by FXPro?

For MT4/MT5 and spread betting accounts, FXPro does not charge any commissions for financial instruments.

You only need to pay the spread, and FXPro will add a slight markup to the spread (and any applicable swap fees).

On the cTrader account, when trading foreign exchange and metals, a commission of $45 is charged for every $1 million of opening and closing positions.

However, the spread of cTrader is lower than other account types.

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Does FxPro guarantee stop loss?

Stop-loss orders can be used as an additional risk-minimizing strategy.

However, the price of the stop loss setting cannot be fully guaranteed.

This is because the price reached by the stop loss is just a “trigger point.” When the price of the financial product traded reaches the trigger price, your stop-loss order will be regarded as the market price and executed at the volume-weighted average price (‘VWAP’).

Therefore, the stop-loss order may be executed at a worse price.

This applies to all “stop-loss” orders on FXPro’s platform.

Find out more about FXPro’s stop loss function

Will there be slippage on FxPro platforms?

Slippage is part of the transaction and is very common in the foreign exchange market.

It occurs during periods of high volatility or low liquidity, or during major news releases or important economic data releases.

FxPro has taken all necessary measures to protect traders from market fluctuations.

FXPro’s customers benefit from a highly advanced transaction management system that can reduce the risk of negative slippage and ensure execution at the best price.

Find out more about FXPro’s Slippage Condition

FXPro’s floating and fixed spreads

Floating spreads change throughout the day, depending on market volatility and available liquidity.

They represent the best buying and selling prices FXPro can get from liquidity providers.

The biggest advantage of floating spreads is that you can get the best current market price when trading, which is usually lower than the price traded on a fixed spread account.

On the other hand, floating spreads may also widen substantially before and after major news releases and during periods of severe market volatility.

Fixed spreads do not vary throughout the day as floating spreads do.

There is a day rate, a night rate, a night rate for fixed spreads, and an abnormal rate that appears only during extremely volatile market conditions.

A fixed spread account allows you to manage your trading costs more effectively, as you can know in advance the pip difference between the bid and the ask prices.

To see the Instruments FXPro offers Fixed Spreads on, please refer to the Forex page and tick the box “Show pairs” with fixed spread.

Find out more about FXPro’s Spread

Do FXPro’s platforms have re-quotes on orders?

FxPro MT5 and FxPro cTrader platforms use market price execution, so there is no requote.

However, if you are using a FxPro MT4 real-time trading account, you may encounter re-quotes in the case of high market volatility.

You can avoid requotes by checking the “Standard Deviation” box at the bottom of the “Order” window.

This dialog box allows you to set the range of pips that can be used when the market price deviates from your selected price.

Please note that when using the single-click trading function, the requote pop-up window is disabled.

However, if the sound alarm is enabled (Tools> Options> Events), you will hear the sound alarm when the requote is given, and the requote will be listed in the log file of the client terminal.

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What are FXPro’s Margin Call and Stop Out levels?

The margin level (%) is displayed on the trading platform and is calculated as follows: net value/margin X 100.

FxPro provides negative balance protection (based on FxPro’s order execution policy) to ensure that the customer’s loss will not exceed the overall investment.

The forced liquidation ratio for all account types is 50%.

Find out more about FXPro’s Margin Requirement

How is FxPro’s overnight interest (swap point) calculated?

The overnight interest is calculated based on the interest rate of the trading currency pair plus the fee charged on the FxPro delivery date.

Swap interest is charged when you hold a position overnight and reflects your transaction costs.

Depending on the trading product, it may be positive or negative.

The overnight interest is charged at 22:00 UK time from Monday to Friday, and the overnight interest is converted into the account currency at 21:59 UK time.

Overnight interest is calculated and charged on a daily basis every working day and charged at 3 times the fee on Friday (Friday to Monday).

Foreign exchange currency pair overnight interest = point value x overnight interest rate x number of overnight stays / 10

Other CFD CFD products overnight interest = position size x overnight interest rate x number of overnight stays.

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