| Updated: October 30, 2024FxPro mobile trading app was founded in 2006 and only six years after its inception, it witnessed an exponential expansion. The mobile trading platform offers access to a huge number of assets. On top of that, mobile users can download the broker’s dedicated apps for Android and iOS. Interestingly enough, FxPro operates in over 170 countries. However, the broker keeps on growing, eyeing the opportunity to set foot in other markets.
FxPro is one of the leading mobile trading apps and the broker has over 70 accolades under its belt proving the quality of this trading app. It barely surprises us that FxPro has become a favorite trading spot for mobile clients as it boasts a massive catalog of various trading instruments. In case you decide to set up an account at FxPro, you will have the exclusive opportunity to trade over 250 financial instruments on the MetaTrader 4, MetaTrader 5, and cTrader platforms. In addition to that, the broker has its own proprietary platform.
Mobile Account Types at FxPro
FxPro mobile trading app offers several different accounts depending on the platform you decide to use. Before we delve into the various accounts, we would like to explain that investors are still provided with the opportunity to open a demo, retail, professional, or swap-free account.
Investors who hold a demo account can try this mobile trading app for free. In addition to that, the broker will fund your account with up to $10,000 virtual monies. However, traders should keep in mind that the demo account expires after 180 days from the time it is created and it cannot be reactivated. Swap-free (Islamic) accounts are available on request which you need to submit to the customer support agents via email.
FxPro MetaTrader 4 Instant Account and FxPro MetaTrader 4 Account
Assuming that you set up an MT4 account with fixed spreads and Instant Execution, you should be informed that you will have access to several trading instruments, including Forex, metals, indices, energies, futures, and shares. What is more, experienced investors can make use of the available contract for differences (CDFs). Thanks to this instrument, clients can speculate on the movement of the prices of various assets without the need to actually buy or sell them.
The minimum trade size varies for the different instruments. The micro lots associated with trading Forex, metals, and futures start from 0.01, trading indices and energies feature micro lots of 1, while the micro lot for trading shares is 10. Investors can set a minimum stop loss level that starts from 1 pip. The stop-out level is set at 50%. Furthermore, hedging is available with this account.
MetaTrader 4 platform is available in 37 languages and it allows up to 4 pending order types. As for chart types, investors will come across the following options: line, bar, and candlesticks. What is more, trading with an expert advisor (EA) is also an option.
FxPro MetaTrader 5 Account
Investors who opt for the FxPro MetaTrader 5 account are treated with various trading instruments, including Forex, metals, indices, energies, and futures. Assuming that you wish to trade these instruments with CFDs, you will be happy to learn that the broker offers this opportunity. However, keep in mind that CDFs are complex instruments and you can lose significant amounts of money in case you do not have the needed expertise.
The trade size starts from a micro lot of 0.01 for Forex, metals, and futures. Indices and energies come with a micro lot of 1. Traders can set a stop loss level that starts from 1 pip. This applies to most majors check specifications. Hedging strategy is also available upon request.
This platform features 3 types of charts, and more precisely line, bar, and candlesticks. The platform is available in 49 languages for clients who are not fluent in English. Other noteworthy features are the integrated economic calendar and the detachable charts.
FxPro cTrader Account
cTrader accounts allow investors to trade Forex, metals, indices, and energies. The trade size coincides with the one featured by the accounts which we already discussed above. The difference is that FxPro cTrader accounts do not offer a minimum stop loss level and the trading costs are higher. Hedging is also available.
cTrader is a sophisticated platform that was introduced in 2011. What is unique with this platform is the feature-rich environment it offers. The platform features an intuitive interface that is eye-pleasing and it offers sophisticated functionalities such as multiple indicators and timeframes.
Investors should be informed that cTrader spreads start from as low as 0 on majors, and the commission is 4.50 per lot of the base currency of the pair traded. This is charged when you enter and when you exit the trade. This platform features 22 different languages and over 55 indicators. When it comes to types of charts, you will find lines, bars, candlesticks & dots. FxPro cTrader registrants can also benefit from EA trading.
FxPro Edge Account
FxPro Edge account holders can trade Forex, metals, indices, energies, futures, and shares. The micro lots related to trading Forex, metals, and futures is 0.01. Indices and energies feature micro lots that start from 1, while the micro lots for trading shares are 10. The minimum stop loss level is 1 pip from current/entry price for most majors check specifications and hedging is also on offer.
Traders should note that the FxPro Edge Account is working on multiple platforms, meaning that they can use the specific platform both on their mobile device and MT4 platform. FxPro Edge features over 50 indicators. It is important to mention that this platform does not offer trading with an expert advisor (EA). The chart types included in this platform are line, bar, candlesticks, Heiken, Ashi, HLC & dots.
Trading Instruments
FxPro offers over 250 trading assets. Investors who decide to set up an account via the mobile app of the brokerage will have the opportunity to trade various instruments, including foreign currency, shares, indices, futures, and metals. Traders should keep in mind that the trading instruments might vary for the different countries due to regulatory restrictions.We would like to inform our readers that mobile investors can trade CFDs, but they should be extremely careful when using this instrument as the site of the broker states that 78.90% of retail investor accounts lose money when trading CFDs.Foreign Currency
As its name suggests, FxPro mobile trading platform is specialized in Forex trading, offering over 70 currency pairs. Some of the major currency pairs include AUD/USD, GBP/USD, NZD/USD, USD/Cad, etc. The mobile trading app also offers minor currency pairs such as EUR/GBP, EUR/JPY, EUR/NOK, GBP/Cad, and others.
If you wish to trade exotic currency pairs, you are provided with multiple options such as NZD/SGD, CHF/SGD, NOK/SEK, AUD/NZD, etc. The maximum leverage for Forex majors is 1:30, while Forex minors are associated with a maximum leverage of 1:20.
Shares and Indices
Trading shares is a lucrative niche and for this reason, FxPro did not miss the opportunity to include it in its portfolio. Mobile investors can trade shares of over 150 leading companies such as McDonald’s, Mastercard, Microsoft, Netflix, Nike, and others. Versed investors can trade CFDs on the shares. It is important to mention that investors can benefit from leverage of up to 1:5 when trading shares.
Index trading is a preferred financial asset among seasoned investors. Indices represent a highly liquid market. Assuming that you decide to trade indices via FxPro’s mobile platform, you should know that the broker features over 20 spot indices. In addition to that, traders can speculate on the price movement of indices thanks to the CFDs.
Trading Futures
Trading futures is not as widespread as trading Forex, but it will certainly extend your portfolio. In an attempt to pique the interest of more investors, FxPro included 20 future contracts in its catalog. This instrument allows investors and traders to exchange a certain asset at a predetermined date and price. In other words, regardless of the current market situation, the seller needs to sell the asset at the set price. Commodity futures can be leveraged at 1:10.
Metals and Energies
FxPro mobile trading app allows investors to trade spot metals such as gold and silver. You can leverage your positions at 1:20 in case you trade gold and silver. The leverage associated with trading silver and platinum is 1:10. This mobile trading platform features 7 spot metals.
As for energies, FxPro’s mobile clients have 3 options, and more precisely trading Brent, natural gas, and WTI crude oil. Investors can access energy futures with leverage of 1:10.
FxPro Mobile Fees and Spreads
When looking for the best mobile trading app, it is important to consider the spreads and the fees as that is one of the main things that sets one broker apart from another one. In the case of FxPro, mobile traders should know that the spreads range depending on the platform you choose. Assuming that you go for MT4 or MT5, the broker does not charge any commission on the available instruments. This means that traders are charged only the spread.
On the other hand, the cTrader platform features a commission fee of $45 for every $1 million you trade upon opening a position. The broker’s commission for closing the position is set at $45. The swap fee for trading Forex is calculated from Monday to Friday at 22:00 UK time and the rate is triple on Friday due to the upcoming weekends.
You can easily calculate the swap fee for Forex instruments by multiplying the pip value by the swap value in points. The swap fee for all other instruments is the multiplied result of the lot size by the swap value by the number of nights.
As for the spreads, the broker offers floating and fixed spreads on the different platforms. The average fixed spread for MT4 account holders is 1.6 pips and the variable spread is 1.4 pips. It is important to mention that the fixed spread can slightly vary depending on the time of the day.
Mobile traders who decide to sign up under FxPro’s MT5 platform should be informed that there is only a variable spread of just 0.3 pips. Despite the low spreads, traders should take into account that the broker charges a commission of $4.5 per lot round turn.
Mobile Banking at FxPro
As a reputable brokerage, FxPro mobile trading app employs various banking solutions and accepts payments in various currencies, including EUR, USD, GBP, AUD, CHF, JPY, PLN and ZAR. The broker collaborates only with trusted and globally accepted brands to make sure that payments are processed in the fastest and safest possible way. What is more, the broker does not charge fees for deposits and withdrawals.
| Brand | Minimum | Fees | Processing Time |
 | $100 | FREE | Instantly |
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 | $100 | FREE | 1 Working Day |
 | $100 | FREE | Instantly |
 | $100 | FREE | Instantly |
 | $100 | FREE | Instantly |
 | $100 | FREE | Instantly |
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 | $100 | FREE | Instantly |
| Brand | Minimum | Fees | Processing Time |
| $100 | FREE | 1 Working Day |
| $100 | FREE | 1 Working Day |
| $100 | FREE | 1 Working Day |
| $100 | FREE | 1 Working Day |
| $100 | FREE | 1 Working Day |
| $100 | FREE | 1 Working Day |
| $100 | FREE | 1 Working Day |
| $100 | FREE | 1 Working Day |
| $100 | FREE | 1 Working Day |
Deposits
Investors who prefer to trade via their portable devices under FxPro’s platform can top up their gaming accounts in a snap via one of the available payment solutions, including Visa, Mastercard, American Express, PayPal, Skrill, Neteller, UnionPay, and Bank Transfer. It is important to explain that some of the payment solutions are geo-targeted. For example, UnionPay is geared towards the Chinese market.
What is more, the minimum deposit traders need to make in order to start trading for real money is set at $100, but the broker advises investors to top up their accounts with at least $1,000. It should be noted that some deposit methods, and more precisely UnionPay and Neteller have a maximum limit on deposits.
Deposits usually take up to 10 minutes to be processed. However, international bank transfers might take up to 5 days depending on the bank you use. It is important to inform our readers that all transactions are placed via the Wallet of the trading app, but they can still move the funds from their Wallets to their trading accounts anytime they wish to.
Withdrawals
In case you would like to withdraw your earnings, you need to log in to your FxPro Direct and tap on the “Withdraw”/”Wallet” button. It is of crucial importance to explain that investors should transfer their funds to their FxPro Wallet prior to requesting a withdrawal. To do so, you need to choose the “Transfer” button and select your Wallet as the source account and the target trading account.
After that, you need to enter the amount you would like to transfer. If your trading account and Wallet are in different currencies, you can choose a preferred currency from the pop-up window that will appear.
Investors can pull out their winnings via any of the aforementioned deposit methods. Depending on the payment solutions you choose, you will receive your winnings between 24 hours up to 7 business days. The quickest way to withdraw your profits is to make use of the available digital wallets, while bank-dependent methods take the longest.
It should be noted that there is no limit on the minimum withdrawable amount, while the upper ceiling is set at $10,000 for Skrill and PayPal. As for the bank cards, you cannot withdraw an amount that exceeds the deposited sum via the specific card. In case you requested a withdrawal without having traded, a fee of up to 2.6% will be imposed.
FxPro Mobile App Regulation
Assuming that trading is within the scope of your interest, you should not forget that safety is of major importance. To make sure that a particular broker is trustworthy, it should hold a license issued by a certain regulator. In the case of FxPro, you should know that the mobile trading app is fully regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA), and the Securities Commission of the Bahamas (SCB).
As we mentioned at the beginning of this review, the broker has been operating since 2006, which is yet another proof of its reliability. The broker’s customer-centered approach has earned FxPro a number of prestigious accolades, including Best FX Service Provider, Best in Class MetaTrader Broker, Best European Forex Trading, Best Global Trading Platform, and others.
FAQ
1. What features and educational tools does FxPro mobile trading app offer?
2. Who can set up an account with this broker?
3. How can I verify my account?
4. Can I lose more money than I already invested?
5. Is there a customer support department?
Conclusion
All things considered, FxPro mobile trading app is a good choice for both inexperienced and seasoned traders. This mobile trading app is well-arranged, meaning that you will not have any problems when navigating through its different sections even on the go. On top of that, there are various exciting trading instruments and a plethora of payment solutions. In terms of safety, investors have nothing to worry about when trading via the mobile app of FxPro.