When depositing funds, payment can be made by using bank transfer or credit and debit cards, including Visa, Visa Electron, Visa Delta, MasterCard, Maestro International and Maestro UK. Withdrawals need to be made using FXPro Direct and typically take one working day. FXPro is a pure NDD (no-dealing desk) broker, so you can trade faster and anonymously in forex, commodities, shares, indices and cryptocurrencies using this broker, a feature which will appeal to experienced traders.
Security, Reliability and Customer Protection
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 xcritical rezension in segregated accounts, clearly separate from company funds. 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. 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.
Regulated by the FCA and the Cyprus Securities and Exchange Commission (CYSEC), FXPro has won over 35 awards in the past decade and has clients in over 150 countries. Both fixed and floating fees are available on FXPro’s MetaTrader 4 platform, with no commission fees. With a commitment to full transparency and superb customer service, it is a fine choice for both beginners and experts in forex trading. FXPro has full customer support available in 23 countries, via toll-free phone calls as well as email. Outside of those regions you can request a call back at a time of your choosing, meaning that getting in touch with FXPro shouldn’t cost you more than the price of a single phone call. Support is available 24 hours a day, five days a week, closing at midnight on Friday and reopening at 11 pm on Sunday night.
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.
FxPro MT4 FAQs
The xcritical official site 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.
Using FXPro MT4: A Traders Guide
- FXPro MT4 is one of four platforms the broker offers, alongside MT5, cTrader (NDD) and its own brand FXPro Markets platform.
- It is important to note that between 74-89% of retail investors lose money when trading CFDs.
- 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.
- When depositing funds, payment can be made by using bank transfer or credit and debit cards, including Visa, Visa Electron, Visa Delta, MasterCard, Maestro International and Maestro UK.
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.
Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading experience. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. This version provides important security improvements, error fixes, and platform stability enhancements.
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.
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.
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.
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.
Although the lack of weekend support may be frustrating, this is common practice among similar companies. The contact page on the FXPro website lists details of each department, email and phone number, so that you can be sure of getting through to the right person. The FXPro website can be accessed in 20 languages, a testament to this company’s truly international presence.
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.
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.