Question: Is FXPro a Market Maker? What is their execution model on MT4, MT5 and cTrader?
FxPro offers trade execution with no-dealing-desk intervention and provides access to a deep pool of liquidity and competitive pricing.
The broker was formerly known as acting as a Market Maker hedging clients’ orders though, in order to improve its transparency and execution quality, FXPro has quit being a Market Maker in 2013.
Now FXPro does not have a dealing desk to counter-order against its traders.
Also there are almost no complains against its execution or withdrawal issues with FXPro, so you can also see that the broker has got a fine condition as a STP broker.
If you are still worried about it and cannot believe that FXPro is a complete STP broker, you are recommended to use the cTrader.
As it has ECN(or STP) environment built-in with its platform restriction.
With FXPro, you can trade in ECN environment with MT4, MT5 or cTrader trading platforms.
How to confirm if your broker is a STP broker?
It is a big thing for some traders to choose STP brokers in order to trade in a fair trading environment.
But how do you find a real STP/ECM broker if there are hundreds of them claiming to be without proving it.
Here are some tips to see:
- The broker does not restrict any trading methods
- cTrader is offered
- No reviews about profit cancellation
- Not so many bonus promotions
- Spread is wider than average
These are some general things that a STP broker have.
FXPro’s trading conditions
FXPro has over 800,000 clients opened accounts by December 2018, and over 10 years of experience in the industry.
There are some remarkable advantages that attract traders to FXPro from all over the world.
Most of orders on FXPro’s trading platforms are executed in under 13ms (millisecond).
With ultra-low latency datacentre co-location, FXPro can execute up to 7,000 orders per second.
No re-quotes guaranteed with ‘Market Execution‘.
FXPro’s Market Execution involves tiered liquidity and orders are executed at the volume-weighted average price (VWAP).
Visit FxPro Official Website today for more information.