FXPRO accounts comparison and the guidelines of account opening selection

FxPro Trading Account Types

FxPro MT4 InstantFxPro MT4FxPro MT5cTraderFxPro (EDGE)
CFD InstrumentsForex, Metals, Indices, Energies, Futures, SharesForex, Metals, Indices, Energies, Futures, SharesForex, Metals, Indices, Energies, FuturesForex, Metals, Indices, EnergiesForex, Metals, Indices, Energies, Futures, Shares
Platforms AvailableMetatrader 4 desktopMetatrader 4 desktopMetatrader 5 desktopcTrader DesktopFxPro mobile app for iOS/Android FxPro EDGE web
MT4 WebtraderMT4 WebtraderMT5 WebtradercTrader WebtraderMT4 platform ranges
MT4 mobile app for iOS / AndroidMT4 mobile app for iOS / AndroidMT5 mobile app for iOS / AndroidcTrader mobile app for iOS / Android
Trade SizesFX, Metals & Futures: 0.01 (micro lots) and upwardsFX, Metals & Futures: 0.01 (micro lots) and upwardsFX, Metals & Futures: 0.01 (micro lots) and upwardsFX & Metals: 0.01 (micro lots) and upwardsFX, Metals & Futures: 0.01 (micro lots) and upwards
Shares: 10 and upwardsShares: 10 and upwardsIndices and Energies: 1 and upwardsIndices and Energies: 1 and upwardsShares: 10 and upwards
Indices and Energies: 1 and upwardsIndices and Energies: 1 and upwardsIndices and Energies: 1 and upwards
Trading CostsAll instruments: Spread only (0 commission)All instruments: Spread only (0 commission)All instruments: Spread only (0 commission)FX & Metals: Reduced Spread plus $45 per $1 million traded (upon opening and closing a position).All instruments: Spread only (0 commission)
MT4 fixed spreads'applies only to 7 major pairsSwaps/rollovers are applied when a trade is kept open overnight, for further details please click here.Swaps/rollovers are applied when a trade is kept open overnight, for further details please click here.Indices & Energies: Spread only (0 commission)Swaps/rollovers are applied when a trade is kept open overnight, for further details please click here.
Swaps/rollovers are applied when a trade is kept open overnight, for further details please click here.Swaps/rollovers are applied when a trade is kept open overnight, for further details please click here.
Min Stop Levels1 pip minimum from current/entry price for most majors1 pip minimum from current/entry price for most majors1 pip minimum from current/entry price for most majorsNo minimum1 pip minimum from current/entry price for most majors
check specificationscheck specificationscheck specificationscheck specifications
Execution Type / ModelInstant Execution: receive the price you see on screen or receive a requoteMarket Execution: tiered liquidity, orders are executed at the volume-weighted average price (VWAP)Market Execution: tiered liquidity, orders are executed at the volume-weighted average price (VWAP)Market Execution: tiered liquidity, orders are executed at the volume-weighted average price (VWAP)Market Execution: tiered liquidity, orders are executed at the volume-weighted average price (VWAP)
https://www.fxpro.com/mt4-order-executionhttps://www.fxpro.com/mt4-order-executionhttps://www.fxpro.com/mt5-order-executionhttps://www.fxpro.com/ctrader-order-executionhttps://www.fxpro.com/mt5-order-execution
Netting / Hedging by DefaultHedgingHedgingNetting (hedging available on request)HedgingHedging
Trading Times24/5 FX trading24/5 FX trading24/5 FX trading24/5 FX trading24/5 FX trading
(halted between 10: 00 PM - 10: 01 PM UK time) Check specs for other assets(halted between 10: 00 PM - 10: 01 PM UK time) Check specs for other assets(halted between 10: 00 PM - 10: 01 PM UK time) Check specs for other assets(halted between 10: 00 PM - 10: 05 PM UK time) Check specs for other assets(halted between 10: 00 PM - 10: 01 PM UK time) Check specs for other assets
Execution ModelNo Dealing Desk Intervention*No Dealing Desk Intervention*No Dealing Desk Intervention*No Dealing Desk Intervention*No Dealing Desk Intervention*
Stop Out50% (FxPro CY, FxPro UK)50% (FxPro CY, FxPro UK)50% (FxPro CY, FxPro UK)50% (FxPro CY, FxPro UK)50% (FxPro CY, FxPro UK)
20% (FxPro GM)20% (FxPro GM)30% (FxPro GM)30% (FxPro GM)20% (FxPro GM)
https://www.fxpro.com/trading-platforms/comparison

Delve into FXPRO accounts

Account Types

MT4 Instant account

Description

  • MT4 (Instant Execution):  Requote exists (the system will ask to confirm the opening order), so that customers will not miss the market price at that moment, but the processing time is slower than MT4 standard (Market Execution).
  • No Commission
  • Stop out: 20%

Advantage

  • Overall, Spread is better than MT4 Fixed Spread and MT4.

Disadvantages

  • Delay for opening order, sometimes.
  • The trading process is slow. 

MT4 Fixed Spread account

Description

  • There is no description on the website page, yet it will show up as an option when opening an account. 
  • Spread is fixed.
  • No Commission
  • MT4 (Fix Spread – Spread is constant.): only 7 currency pairs that are fixed (EURGBP, EURJPY, EURUSD , GBPJPY , GBPUSD , USDCAD , USDJPY), but if the market fluctuates, the price will be unstable. Spread is also the same as that of an MT4 account (Market Execution).
  • Stop out: 20%

Disadvantages

  • Spread is at the medium level. 
  • Changing SL and TP are delayed, sometimes.

MT4 account

Description

  • MT4 (Market Execution): No Requote (no rejection of market order). Market price might fluctuate at that time, but the processing time is faster than MT4 (Instant Execution).
  • No Commission
  • Stop out: 20%

Advantage

  • It is fast to modify SL and TP order.

Disadvantage

  • Spread is at the medium level.

MT5 account

Description

  • MT5 (Market Execution): No Requote (no rejection of market order).  Market price might fluctuate at that time, but the processing time is faster than MT4 (Instant Execution).
  • No Commission
  • Stop out: 30%

Advantages

  • It is fast to modify SL and TP order.
  • Leverage can be changed easily.
  • Spread is better than MT4 Fixed Spread account and MT4 account.

Disadvantage

  • Stop out is quite higher than other accounts.

CTrader account

Description

  • Commission $9/ 1 lot (1 round).
  • Trade on CTrader platform.
  • Spread and Commission put together are about 12-15 lots (1 round). 

Advantage

  • It’s attractive to use.

Disadvantage 

  • Platform is difficult to use. There are too many tools, while a necessary tool is hard to find. Moreover, graphs are hard to see. 

FxPro (EDGE)

Description

  • FxPro Edge CFD account is similar to MT4 account, yet FxPro Edge account can be traded only in Direct Mobile App and Edge Web platform.

Summary of FXPRO

For FxPro, MT4 Instant is recommended. 

The disadvantage of FxPro is comparison of the differences among all account types is not obvious.

Reference

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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