First of all, FXPro offers 3 different trading platforms which are MT4, MT5 and cTrader, so you may also want to take them into your consideration before deciding your account type.
In terms of trading cost, you may have the most lowest cost of trading conditions with MT4 and MT5 variable spread accounts.
There are three account types that will be categorized to that type.
Please refer to the below table for full comparison.
|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|
Fixed Spread costs normally more than variable spread accounts, and this is a common thing among many brokers.
This is because the broker will need to cover the fees in case the spread goes wide from its liquidity providers, thus the traders will need to pay for premiums at all time.
In case of cTrader, you may see the lowest spread from 0.0 pip though, there is this extra commission charged which is $4.5 per 1 lot transaction.
But please do not misunderstand that this commission is charged for one way, so the commission is actually $9 per 1 standard round turn lot.
You can consider that there is always 0.9 pips of spread commissions charged in cTrader accounts.
FXPro = Wide Spread?
FXPro with 10 years of excellence, but some traders might see the spreads/commissions are a bit higher than some other brokers, as some brokers even offer spread from 0.0 pip without commissions.
It is because FXPro adopts NDD(Non-Dealing Desk) model and provide fair ad secure trading environment.
So what advantages traders can earn?
It is simply that you are always provided with a fair trading environment, and do not worry about losing your own funds because of your broker’s intentions.
For more information, please visit FXPro’s official website.