Platforms overview: FxPro offers three platforms in total: FxPro Edge, MetaTrader, and cTrader. While FxPro Edge clearly trails platform leaders such as Saxo Bank, CMC Markets, and IG, it’s a good foundation for future improvements, and helps FxPro stand out from the crowded field of MetaTrader-only brokers.
#Forex levelator pro review for android#
While FxPro Edge provided a smooth user experience, the option to download the platform for Android and iOS would be a welcome addition.ĭue to the availability of MetaTrader, cTrader, and its own proprietary FxPro Edge web platform, traders at FxPro have a diverse selection of platform options that support a variety of trading styles. The FxPro Edge platform is only available for mobile as a browser-based experience – it can’t be installed as a standalone app. It features charts, but with no drawing tools and virtually no indicators (other than volume data). FxPro also offers the BnkPro app for share trading, which will eventually include a Mastercard debit card and banking service – but the app has not been fully rolled out globally.Įase of use: FxPro Direct is FxPro's proprietary mobile app, which supports trading for users that have a CFD account, but is mainly optimized for account management. Spreads: FxPro's floating-rate (variable spread) model is available on MT4 and MT5, featuring EUR/USD spreads of 1.58 for accounts on market execution (1.51 pips on MT5), and 1.71 for accounts with instant execution – as per FxPro’s data from August 2020.įixed pricing: On MT5, there is no fixed-spread offering, and only market execution is available.Īctive traders: FxPro offers an Active Trader program as part of its VIP account offering, although its discounts are not as attractive as what’s available from competitors like, IG, and Saxo Bank.Įxecuting large orders: No question FxPro's best feature is its ability to execute large orders, placed with no minimum distance away from the current market price.Īpps overview: FxPro provides its own proprietary FxPro Edge app for trading, account management, and basic market news, as well as a third-party mobile lineup designed by the same providers that power its desktop and web-based platforms: MetaTrader (MetaQuotes) and cTrader (Spotware). This figure takes into account FxPro’s average spread (from August 2020) of 0.37 pips, as well as a 0.9 pip commission-equivalent. FxPro's effective spread for trading the EUR/USD pair on cTrader is roughly 1.27 pips. Instant execution is subject to requotes but no slippage, while market execution has the potential for slippage – but without requotes.Ĭommissions: FxPro’s most competitive spreads are available on its cTrader platform, which features commission-based pricing. For the variable-spread pricing, there are two types of execution-based pricing: instant and market.
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FxPro's pricing is higher than the industry average, putting it at a disadvantage compared to industry peers like Pepperstone or IC Markets, who both also offer the full MetaTrader and cTrader suites.Įxecution method: On FxPro’s MT4 offering, traders can choose variable or fixed spreads.
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