About FXPro Broker

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E
Eko
29 Jun 2020, 15:02 391 Views
I would like information about the broker fxpro, what is the spread starting from how many pips and at its widest how many pips, and what is the commission per lot? Also, are those two brokers safe or not fraudulent? Thank you for the information.

1 Answer

R
rizki rosadi 30 Jun 2020, 07:59

@Eko: First, let's discuss the spread. Fxpro broker offers two types of spreads, namely fixed spreads (fixed spread/instant execution) and variable spreads (variable spread/market execution). Here are the average spread details for each account: 

  • MT4: Average EUR/USD spread around 1.71 using instant/fix spread execution 
  • MT4: Average EUR/USD spread around 1.58 using market/variable spread execution
  • MT5: Average EUR/USD spread around 1.51 using market/variable spread execution
  • cTrader: Average EUR/USD spread around 0.37 using market/variable spread execution

For the maximum spread, please ask customer service (CS) or Fxpro broker directly.

Second, let's discuss the commission. Fxpro broker only charges commissions on its cTrader account. The commission charged is around $9 per 1 standard lot (round-turn)

Finally, regarding security, let's look at the regulations and transaction mechanisms. This broker has 4 licenses from 4 regulators in different countries, namely FCA UK, CySEC, FSCA and SCB. FxPro UK limited has regulation from FCA UK, FxPro Financial Services Limited has regulation from CySEC and FSCA and FxPro Global Markets Limited has regulation from SCB. From the regulations, I suggest using the license from FCA UK.

Then, in terms of transaction mechanisms, this broker has liquidity providers (LP) from 12 companies including banks Morgan Stanley, Barclays, J P Morgan, UBS, Deutsche Bank, BNP Paribas, Bank of America, Nomure, Citibank, RBS.

In conclusion, this broker is credible, especially for FxPro UK Limited which has tier 1 regulation from FCA UK.

Hopefully it can help. Thank you

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