Fair review on FxPro broker company:
The company FxPro is famous among many people, who are interested in financial and investment activity. It was founded in 2006 in UAE. Now the headquarter based in Dubai. But herein the services of Forex trading spread all over Europe, Asia, and CIS. The range of independent regulators from Cyprus, Southern Africa, and Britain watch the financial activity.
The broker site has been worked at informativity. This allows even a new trader or investor to use all possible tools for analysis and forecasting. From the main page of the site, you can follow the training, analytics block, to the list of trading tools and to the list of trading conditions. If it is necessary, you can always address to the online chat. Employees of the service desk can answer in several European languages.
The rules of opening an account with FxPro
Key terms for opening an account:
• The minimum deposit is $ 100 (but the recommended deposit is set at $ 500);
• Maximum leverage level is 1: 500;
• Minimum lot for opening is 0.01;
• The average size of the spread is 0.5-1.5 points;
• The type of execution of orders is market-type.
The company does not set a strict restriction for trading method, it means that the usage of scalping and automatic forex robots are acceptable. The trading commission is very small. You will pay only $4.5 for $100 thousand of trading turnover. But this commission does not take into account spread. It is charged additionally from every transaction and accrue in floating format.
Two types of account are offered for opening the account. They differ between each other with minimal terms. The only difference is in the support of the trading terminal version: Metatrader 4 or Metatrader 5. Besides the basic trading terminals that have been mentioned, you can use the additional cTrader program. It is supported completely in the online format, through the browser. This means that you can trade in the financial markets from any device and any location.
For trading and investment, the following categories of instruments are supported:
• Currency pairs;
• Commodity assets;
• Precious metals;
The total number of financial instruments exceeded 100 units. This means that every trader and investor can choose promising areas of activity for him(her)self.
Account deposit is made through a number of electronic wallets, including WebMoney, Skrill, PayPal, Neteller. In addition, a direct bank transfer or account deposit from a VISA or MasterCard card is allowed.
Partner program and additional services
The affiliate program of this forex broker is not very attractive for ordinary users. For example, to receive a $ 50 reward, you need to ensure that the attracted partner has a turnover of $ 1 million dollars. Come into the line that to achieve such a result will be very difficult. Therefore, to attract third-party partners actively is not rational.
As an auxiliary tool, the FxProTools mobile application is available. The user can always install it on your smartphone or tablet. A number of support services are available through the mobile program for analysis. For example, the economic calendar, expert forecasts, trader’s calculator and etc. Of course, the FxPro broker pushes this application absolutely free.
Autochartist service is available for all clients. Thanks to it, you can track forecasts for technical analysis. Use graphics and algorithmic calculations from experts to save your time.
In order to be familiar with the process of trading, the company offers several courses for introduction in some Forex particularity.
- The program of training for beginners (theoretical material for introduction in trading particularities on financial markets)
- The training program for experienced traders( advanced courses abut investment, about risks, about MoneyManagement)
Regional peculiarities of the company FXPro
Like many other fx brokers companies, FXPro does not provide services to USA citizens. This is natural process, as in the USA is forbidden legally to trade through backside financial companies. Apart from America, inhabitants of Iran, Canada, and the range of Islamic stats cannot open an account. All other regions register without restrictions. The company does not have a strict system of verification, that’s why people from different countries will not have difficulties in opening the account.