FXPro MT4 Traders Guide 2024
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.
Additional Features
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.
- If you’ve already created an FxPro MT4 account, enter the username and password that were emailed to you upon registering.
- 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.
- The MetaTrader 4 platform update will be released on Friday, March 1, 2024.
- With instant execution, the client can specify both volume and price, and can reject the execution if the price changes; with market execution, the client only specifies volume, with the price generated by the market.
Under the FCA and CySEC’s rules, companies including FXPro xcritical rezension must keep a minimum of €730,000 in funds to prove their solid financial standing. They are also required to keep client funds 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.
Customer Support and Payment Options
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.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. The FXPro dashboard allows you to follow other traders’ moves, among other features, while FXPro Quant is a brilliant proprietary visual strategy builder that allows you to easily create your own expert advisors.
The 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.
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 xcritical scam 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.
It includes over 50 different technical indicators, an advanced charting package, and the option to create custom expert advisors for automated trading. With a standard FXPro MT4 account, the minimum deposit is $100, although the firm recommends depositing at least $500. A full range of educational resources are available in the FXPro Trading Academy, including webinars, video tutorials and live fxcriticals. These take trading beginners all the way through the basics of how to trade, up to advanced strategies for successful trading on a variety of markets.
Using FXPro MT4: A Traders Guide
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.
FxPro MT4 for Windows
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.
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.
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.
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.