FXPRO – A Quick Review

This particular broker will mostely provide you with good conditions and many generous options. The broker offers a high leverage and a large number of currency paira as well as attractive spreads. The broker also provides a sophisticated and complex trading platform with a large number of foreign currency pairs that you can trade. You can also trade commodities, futures and indexes.

The broker is regulated. the process of opening an account is decent. New traders need to be very careful when trading with this particular broker. This broker is more suitable for more experienced traders. The broker does offer a DEMO account which will allow you to practice trading. However, the broker does not offer a MINI account. Your transaction must be a very large amount. This is a risky proposition for the novice trader and should be considered carefully in your decision making process when considering choosing this firm.

"Demo Trading" – Demo Trading is available for an unlimited amount of time. Score: 10

Initial Investment – It is impossible to open MINI accounts. In order to trade with a regular trading account you will need an initial deposit of at least five hundred dollars. Score: 7.7

Withdrawals and Deposits from an account – You can open an account easily over the internet. You can make deposits using bank transfer, PayPal or credit card. Score: 8.8

Spread – When it comes to spreads there is bad news and good news. It is possible to get a spread of .5 to 3 PIPS on main pair currencies. You will need to start a transaction with a LOT of ten dollars per every moment of a PIPS. Score: 8.5

Stop Point – You will need to ask the broker whether or not he guarntees a stop point and if that stop point is available under all market conditions.

Leverage – 1:500 Max. Score: 10

Interest – You will have to ask the broker whether or not he calculates the interests and if he does then under what conditions.

Regulation – The broker claims to be regulated by the Cyprus Foreign Currency Commission. This will give you a little peace of mind but there are much straonger institutes out there that will make you feel even more comfortable. Score: 7.5

Trading Tools:

Professional and Technical support – Support is available twenty four hours a day.

Professional articles, online tools and literature- Financial news is available.

Trading courses – No.

Market Surveys and Reviews – No.

Trading alerts -No.

Help guide for Traders – General terminology is available as well as information about possible trading opportunities.

Available Number of foreign currency pairs – Over one hundred and forty trading channels are available

Languages – Four different languages are available.

Online trading room – No.

Personal coaching – No.

Free Gifts and Bonuses – It is possible to trade using a mobile phone.

Trading platform – A downloadable trading platform is available that must be installed on a computer.

Trading program "friendliness" – MetaTrader 4 is offered by the broker. This first rate program is very easy to use. Score: 9.8

Advantages – The broker offers a DEMO account that can be used for an unlimited amount of time. the broker offers a large number of trading options including foreign currencies and commodities. You will be able to use the best trading program avilable today. You can open an account with ease very quickly. The broker offers decent spreads that are fairly attractice. It is possible to get a high leverage.

Disadvantages – It should be noted that you will have to rely on professionalism in order to success working with this broker. This is true because of the high leverage that is possible. You cannot allow yourself to get swept away. It should be noted that the trader will be supplied with limited trading tools. The broker does not offer anything besides financial news.

Brokers score: 8

Please note: that every commerical company, broker or business may decide to change their offers, conditions or terms at anytime. Therefore, when working with a broker or business you should check them to make sure that the information in this article is still valid.