What is the trading condition of FXPro’s Demo MT4, MT5 and cTrader accounts?
FXPro’s Trading Conditions
FXPro strives to provide the best possible trading conditions for all traders complying their best strategies in the Forex and CFD markets.
The trading condition of FXPro is different depending on the account type and the trading platform you choose.
See the table below for the comparison of trading conditions by FXPro’s account types.
|MT5 Floating Spread||MT4 Market||MT4 Floating Spread||MT4 Fixed Spread||cTrader Floating Spread|
|Minimum Spread||from 0.6 pips||from 0.6 pips||from 0.6 pips||from 1.7 pips||from 0 pip|
|Trading Commission||N/A||N/A||N/A||N/A||$4.5/per Lot|
|Minimum Trading Lots||0.01||0.01||0.01||0.01||0.01|
|Maximum Trading Lots||Unlimited||Unlimited||Unlimited||Unlimited||Unlimited|
|EA (Automated Trading)||Allowed||Allowed||Allowed||Allowed||Allowed|
|News Time||Allowed||Allowed||Allowed||Not Allowerd||Allowed|
|Islamic (Swap Free)||Optional||Optional||Optional||Optional||Optional|
|Interest on Margin||N/A||N/A||N/A||N/A||N/A|
Note that the trading conditions may be different for traders in certain countries.
For more information, please go to FxPro Official Website.
General Trading Conditions of FXPro
Traders look increasingly across markets to take advantage of the latest economic trends and to continue diversifying their portfolios.
The energy, commodities, equity indicies, precious metals, shares and forex markets are always moving and FxPro offers direct and easy access to all of these markets from a single Trading Platform.
Fair, transparent, and consistent execution quality are just a few of the key benefits on offer to you as an FxPro trader.
FXPro strives to provide its clients with consistent quality and competitive quoted prices.
1. Competitive Prices of FXPro
By having multiple price providers, FXPro is always able to offer its clients the best quoted prices available in the market.
2. FXPro’s Market Liquidity
FxPro acts as the counterparty to its clients’ orders.
Therefore, FXPro offers the ability to execute clients’ orders, either buy or sell, for all financial instruments available for trading on all Trading Platforms.
3. Speed of Execution on FXPro’s platforms
When executing clients’ orders FXPro makes every effort to offer high speed of execution.
All orders received from FXPro’s clients are automatically executed by the company, without the need to pass them over to any third party.
FXPro can therefore offer its clients the best possible prices, without any additional fees or commissions.
As an Over the Counter (OTC) broker, FXPro’s prices are not subject to manipulation by third party brokers or any other intermediary bank.
Orders are executed automatically.
4. FxPro’s Dealing Desk
As a European regulated Investment Firm, FxPro maintains a Dealing Desk (Execution Department) in order to achieve the best execution policy required by the relevant laws and regulations (e.g., MiFID).
FxPro takes all reasonable steps to obtain the best possible result for all clients taking into account various factors (e.g. price, costs, speed of execution, etc).
For further details please refer to FxPro’s Order Execution Policy.
FxPro’s Dealing Desk performs the following functions:
5. FXPro’s Competitive Prices
FXPro quotes the major currency pairs with a fifth digit, allowing clients to profit from smaller price movements.
FXPro monitors the prices they provide, compare them with the rest of the market participants and ensure that they are always competitive.
6. FxPro’s Tight Spreads
FxPro makes every effort to keep spreads as low as possible.
With FxPro’s low pips, they believe they offer a highly competitive service to traders.
Under normal trading conditions, spreads start from 0.5 pips EUR/GBP, 0.8 pips EUR/USD, and 0.8 pips GBP/USD.
7. News and Analysis by FxPro
FxPro offers clients a wide range of customizable tools and resources to assist them for trading in the market.
FxPro provides traders with important, up-to-the-minute news updates – from world-leader Dow Jones – and technical analysis and trading signals through Trading Central.
These are available respectively through FxPro’s Trading Platforms, and MyFxPro – your personal management system for your Trading Account.
Such news and analysis are vital in order for traders to keep informed of all market conditions that may affect their trading strategies.
8. Superior Client Service Focus
FxPro’s experienced staff is available to answer clients’ inquiries with continuous coverage during trading hours.
Clients can place their orders by telephone in the event that clients don’t have access to the Trading Platforms and they immediately need to take a position.
9. Systems Operations
FxPro’s clients are assured by the highest-quality support they give them through the leading-edge operations and FxPro’s best-in-class technologies, platforms and accounts.
FxPro’s Systems Operations team is responsible for all updates and upgrades of the Trading Systems and for informing the clients of any new available versions.
Conditions of FXPro Demo Trading Accounts
As a FxPro client, you can open as many demo accounts as you please.
Demo accounts are unlimited, can be used for as long as you wish, and can be recharged with funds at any moment.
Please note, however, that while you can trade on your demo account for an unlimited period of time, MT4 demo accounts will be deactivated if they show no activity for a period of 30 days.
FXPro cannot re-activate your demo account after 30 days of inactive.
If you like to continue using Demo accounts, you will need to open another one again.
There is no limitation to the number of Demo accounts you can open.
For the comparison of FXPro’s all trading platforms, visit the page here.
Possible Trading Volumes and Numbers
FXPro MT4 and MT5 demo accounts are limited to a maximum of 70 open positions.
For live/real accounts, the maximum trading volumes and number of positions are depending on your account type.
In addition, while demo accounts present real market conditions and prices, they are simulations only, which means that during highly volatile or il-liquid periods such as market openings or news announcements, they may not behave in the exact same manner as real accounts.
Since similar trades requested on real and demo accounts may be treated differently during volatile periods, it is strongly recommended that demo accounts are viewed primarily as a learning tool for inexperienced traders or a place for testing new trading strategies.