FXPRO is headquartered in the United Kingdom and was opened in 2006. The address of the central office is: FxPro 13-14 Basinghall Street, City of London.
Already since 2008 it was possible to see the brand logo on the racing cars of Formula 1, where the brand acted as one of the sponsors of the racing team. And in 2012, there was an expansion and new categories of financial instruments were added. And FXPRO’s geography expanded to over 140 countries. That’s the number of countries the broker has clients from now. But investments with FXPRO are not available to citizens of the U.S., Iran and Canada.
FXPro minimum deposit to open an account is $100, but the recommended amount is $500. This is explained by the fact that this way you will be able to observe the rules of risk management, open transactions for no more than 5% of the deposit and have a reserve for margin trading.
Opening a demo account
In order to get the FXPro minimum deposit, you need to register.
To register, create an account, deposit the FXPro minimum deposit user logs in and enters the following data (fill out only in Latin letters):
- last name, first name;
- password (to be created by yourself);
- a country of residence.
- They also indicate the address of residence together with the city and postal code, as well as fill in the fields with the date of birth and cell phone number.
Then it is also necessary to indicate:
- employment status;
- field of activity;
- level of education;
- information about the annual income, source of income;
- Assets that the user intends to trade on forex;
- the presence/absence of trading experience.
The last step is to choose the parameters for the future FXPro minimum deposit:
- trading platform (MT4, MT5 or cTrader);
- account currency (U.S. dollars, euros, pounds, South African rands, yen, Australian dollars, Swiss francs, Polish zloty are available today);
- confirmation of the agreement with the e-mail.
Along with the registration, a trader may pass the procedure of verification of his document. To do this, you should upload a scan or a high quality color photo of your passport (front page and the page with the address) and a document proving your place of residence. This may be a utility bill or bank statement for the past six months.
Documents are checked within 1-2 working days, after which the client receives a notification in the personal cabinet about the confirmation of the data provided. Verified account gives all possibilities to use the FXPro minimum deposit, including withdrawal of funds.
Advantages of FXPro
A trader can choose one of three trading platforms to trade FXPro minimum deposit :
- The classic MT4 terminal;
- its improved version MT5;
- cTrader, the broker’s own development.
- Classic MT4 and MT5 terminals
MT4 platform is one of the most common trading platforms, which is popular with both experienced and novice traders. It has a fairly simple and straightforward interface, which can be mastered in a few minutes, and it is absolutely easy to open an account with the FXPro minimum deposit .
The main part of the window is occupied by the chart with the assets (you can open from 1 to 4 windows simultaneously), on the top panel there is a menu with the main control buttons, on the left – the window with the assets. The terminal already has a set of basic indicators that you can customize to your liking. It is also possible to install other indicators downloaded from the network. Thanks to this trader can create a template with his own trading strategy, which can be applied to any asset in 1 click using FXPro minimum deposit .
Web versions of MT4 and MT5 terminals
The online versions of these terminals are also available on the broker’s website. The trader clicks the button, enters his username and password, and then the FXPro minimum deposit program opens with, which does not need to be installed. This is especially convenient when the user follows the charts from his work computer, where there is no possibility to install third-party software.
The terminals are available in mobile versions, which can be downloaded for free from the App Store or Google Play. Before installing the application you need to get a direct link to your phone by entering the number in a special field on the website, then you can open an FXPro minimum deposit account with.
The interface of the programs looks approximately the same, so users will have no trouble installing and mastering them. With constant access to charts, you can continuously monitor the market situation and open an FXPro minimum deposit account wherever you have access to the Internet.
FxPro cTrader proprietary platform
The company has also developed its own trading platform, which can be downloaded for PC or for Android and Apple. The corresponding software can be installed for free from the App Store or Google Play. After downloading, a program window opens, which can be accessed via a button.
The brand described has a positive perception among the target audience, as it has an account with FXPro minimum deposit . The high status of the broker is immediately apparent, since the assets of the company are estimated at several billion dollars. Not unimportant is the sponsorship of sporting events, which forms a positive opinion of the brand. The impressive history, the transparent work of the team – all this is a plus for the broker.
|FXPRO advantages:||Disadvantages of FXPRO|
|High brand credibility thanks to a long history, active sponsorships and coverage of more than 140 countries;||No bonus program, no loyalty program for existing or new clients;|
|Loyal trading conditions (for example, the average level of spreads is 1-1.4 points);||Lack of any investment programs to provide passive income for clients;|
|Positive reputation among users and no scandalous situations, litigation, or rebranding;||Demo account is available only with verification and FXPro minimum deposit .|
|Wide range of analytical tools, including not only web services and theoretical material, but also a special mobile application.||Lack of office representation in the CIS (the broker’s offices operate only in Cyprus and the United Kingdom).|
|The company also has a FXPro minimum deposit .||No bonus program, no loyalty program for existing or new clients;|
FXPro minimum deposit
To test your skills and trading strategies, you can use the FXPro minimum deposit demo account. Its trading conditions do not differ from the classic FxPRO MT4 account, but the list of financial instruments is limited to currency pairs, metals and commodities. You can switch to a demo account from your personal cabinet. The most important limitation is that there is no access to a virtual account without a deposit. There is also no possibility to trade virtual currencies without personal account verification.
FxPro provides the opportunity to open demo accounts with FXPro minimum deposit on the MetaTrader4, MetaTrader5 and cTrader platforms. The maximum leverage for these accounts is 1:500 and the maximum deposit size is limited to 500,000 units in any of the currencies available for opening a trading account, except for the South African Rand.
The broker does not limit the number of demo accounts with FXPro minimum deposit, opened by one client, as well as the duration of their use. The process of opening such an account takes only a couple of minutes.
To conduct all financial transactions, you first need to open an account with FXPro minimum deposit in your personal cabinet. It will be credited with funds that can be allocated to several trading accounts.
The purse is also replenished in the personal cabinet. From the popular ways available:
- bank transfer;
- Visa and Mastercard;
- several other less widespread payment systems.
- A bank commission is charged for replenishment by bank transfer.
Depositing from a card involves a commission of 1.6% and the subsequent withdrawal to the same card of the full amount of the deposit – only then will be possible to use other methods of withdrawal. In some cases this may cause inconvenience.
The advantages of PayPal – the speed of crediting, the only commission of the system takes 2.7%.
Webmoney has standard conditions and 0.8% commission.
Withdrawal to bank accounts:
|In rubles||no fee;|
|in dollars||from $12, plus bank charge|
|In euros||from €8, plus bank charges;|
|all other methods of withdrawal do not involve any commission.|
Account types of FXPro
Offered types of trading accounts:
|FxPRO MT 4||FxPRO MT 5||FxPRO cTrader||DEMO|
|Categories of financial instruments||Currency pairs, metals, indices, CFD, futures on commodities and agricultural products||Currency pairs, metals, indices, CFD, futures on commodities and agricultural products||Currency pairs, metals||Currency pairs, metals, indices, commodities|
Execution of market orders is available for all account types, including the FXPro minimum deposit account. And for the standard MT4 terminal, orders can also be executed instantly. According to the official FHPRO website, customer deposits are not held on the broker’s internal account, but on Barclays and Bank of America bank accounts.
The advantages of FXPRO are:
- High order execution speed, which averages 13-15 milliseconds
- The availability of an FXPro account with a minimum deposit. But the site does not specify who the liquidity provider is and whether trades are posted to the interbank market.
The registration procedure at the broker is standard. In your personal cabinet you are required to pass the process of identification. Through the personal cabinet you can manage your funds and create an FXPro minimum deposit account, leave requests for withdrawal and deposit of funds. You can use the following payment systems: VISA and MasterCard, Skrill, Neteller, Yandex. Conveniently, you can download a mobile or desktop version of the trading platform, it also allows you to create an account with FXPro minimum deposit.
FxPro broker offers a large number of accounts in addition to accounts with the FXPro minimum deposit:
|Types of accounts||Description|
|– regular account, opens from $100. The terms depend on which trading platform the trader chooses, but first it is better to try trading on the account with a FXPro minimum deposit;|
|VIP||this status is granted to clients who deposited their accounts for $50,000 and more. Advantages include free VPS, up to 30% discount on commissions when trading with cTrader. Spreads are also reduced by up to 30% of those traded on regular accounts;|
|Islamic (non-swap) accounts||opened only on request. The request is sent to the back office via email; if the company approves it, swaps will not be charged for the transfer of the position. True, there are commissions;|
|Compared to the usual one, you would need a larger set of documents for verification: the memorandum of incorporation, certificate of state registration, and a number of other documents confirming the legality of the company;|
|– open only to married couples or first-degree relatives. First, 2 regular accounts are opened, then an application is submitted and they are merged into one account.|
In general, there is no discrimination between traders by account type. Most clients trade on equal terms and use an account with a FXPro minimum deposit.
There is no training section on the official website. To get basic theoretical information you need to create a personal cabinet and create an account with FXPro minimum deposit (no verification is required). Training with FXPRO is possible on the following information blocks:
- The economic calendar, which allows to carry out the fundamental analysis even for the beginner;
- Financial market news updated online;
- Technical analysis from the Trading Central service (trading signals with breakdowns);
- Webinars, which are conducted by analysts of the financial company.
With the help account with FXPro minimum deposit users can study and use useful information for forecasting on their own. Of course, the cost of training in FXPRO is zero. And, according to the brand representatives, there are no plans to create full-time or part-time courses in the future. Also, the company has no office representative offices in the CIS, where training centers could be located.
In addition to theoretical information, the user has access to trader’s tools.
Analytics and forecasting tools
The company offers its customers:
- analytics from Trading Central, a renowned provider of technical analysis services;
- Access to Autochartist, a powerful package capable of estimating probabilities and filtering binary options signals.
- In addition, the FxPro website has a calendar of economic news and a schedule of corporate releases. To help traders, the site offers about a dozen useful calculators, as well as an FXPro minimum deposit account.