FxPro Platforms | How FxPro Platforms Work

Introduction

FxPro is one of the most famous Cyprus and worldwide brokers that has a long tracking record since 2006. FxPro is now trusted by over 1.5 million clients from over 170 countries around the world. It’s also regulated by top-tier financial authorities including the FCA, The Financial Conduct Authority. FxPro has a variety of trading products including Forex, CFDs, stocks, metals, and cryptos. The good part is that FxPro has low trading and non-trading fees. FxPro offers a variety of educational materials including video tutorials, articles, and a demo account option.

FxPro works on several platforms including FxPro customized platform, MT4, MT5, and cTrader. Each one of these platforms has its own specifications and features. In this section, we will dig deeper into each one of them in detail.

FxPro Web Application

FxPro’s Web Application is available in 16 different languages and supports major languages like Arabic, English, Italian, and German.

FxPro – Web Application – Languages

User interface (UI)

The UI of the web platform is very friendly and highly customizable. It’s also responsive and easy to use with all the needed functions in the right places.

FxPro – Web Application – UI

Login and Security

The web application has two-factor authentication for safer login than the usual email and password login.

FxPro – Web Application – Login

Searching

The search function in the web platform is accurate, and you can find the asset you’re searching for by typing the first letters of it. You can find the search icon in the top bar in the middle.

FxPro – Web Application – Search

Placing orders

There are 4 main types of orders on the web platform:

1. Market
2. Limit
3. Stop
4. Take Profit

The web platform also has an order confirmation feature by double-clicking to trade to avoid placing orders by mistake.

FxPro – Web Application – Place Order

Notifications and alerts

FxPro offers price and order execution alerts in the web platform to be notified always.

FxPro – Web Application – Notifications

Portfolio and reports

The FxPro web platform has a clear portfolio report with all important information in one place including P/L and P/L rates.

FxPro – Web Application – Portfolio

FxPro Mobile Application

Languages

The mobile application is available in 20 languages including Arabic, English, German, and Italian.

FxPro – Mobile Application – Languages

User interface (UI)

The UI of the FxPro mobile application is very friendly. You can navigate easily between tabs and have a smooth experience.

FxPro – Mobile Application – UI

Login and security

The mobile application offers both two-factor authentication and biometric authentication to make your trading account safer.

FxPro – Mobile Application – Login

Searching

FxPro mobile application has a good searching function with which you can find assets by typing their first letters.

FxPro – Mobile Application – Search

Placing orders

There are 4 types of orders on the mobile application:

1. Market
2. Limit
3. Stop
4. Take profit

There’s also an order confirmation alert in order to help you avoid placing orders by mistake.

FxPro – Mobile Application – Place Order

Notifications and alerts

The mobile application of FxPro has notifications and alerts options to help you be updated always.

FxPro – Mobile Application – Notifications

cTrader

This is a customized platform for IC Markets broker that has a beautiful UI with easy navigation and Professional support 24/7.

The main cons are that it does not have a two-step verification method for login.

Languages

IC Markets is an international broker with clients in a lot of countries and available in a variety of languages like English, Arabic, Spanish, Japanese, French, and more.

User interface (UI)

The UI of the cTrader platform is simple, attractive, and beautiful. The main information about trading is shown on the home page.

cTrader – Mobile Version – UI

Login and Security

Unfortunately, there’s no option of two-step verification for logging in using the IC Markets Trader, and there’s no fingerprint authentication as well.

On the other hand, you can log in using your social network account.

cTrader – Mobile Version – Login

Searching

The searching functionality in the IC Markets Trader is very fine and you can find the trading asset you want just by typing the name of it. There’s also an option to search by category if you want.

cTrader – Mobile Version – Search

Placing orders

There are 4 main types of orders:

1. Market orders
2. Limit orders
3. Stop orders
4. Stop-Limit orders

cTrader – Mobile Version – Place orders

Notifications and alerts

You can set notifications and alerts on the mobile version of cTrader to notify you of market changes, price alerts, news, and trading signals.

cTrader – Mobile Version – Notifications

MT4 Platform

Languages

MetaTrader 4 is available in a number of languages like:

MT4 Languages

User interface (UI)

MT4 has a very customizable UI that you can adjust according to your needs and preferences. On the other hand, it seems hard to find some of the features inside.

MT4 – Mobile Version – UI

Login and Security

Unfortunately, the MT4 does not provide a two-step verification method for logging in, and it does only support a one-step login.

Searching

Searching using the MT4 platform has two different options:

• You can search by categories and find assets.
• You can also type the name of the asset and search for it manually.

MT4 – Mobile Platform – Search

Placing orders

MT4 has a simple order types which are:

1. Market
2. Limit
3. Stop
4. Trailing stop

In addition to those 4 types, there are other orders which are the time limit ‘Good ‘til time’ (GTT) and ‘Good ’til canceled’ (GTC).

There’s also an order confirmation feature in MT4.

Notifications and alerts

Unfortunately, the MT4 web trading platform does not have an option to set price alerts and notifications unlike the desktop and mobile versions.

MT4 – Mobile Version – Notifications Settings

Portfolio and reports

Under the ‘History’ tab, you can find your portfolio reports with a clear fee description.

MT4 – Mobile Version – Portfolio

MT5 Platform

MT5 is a free application for traders allowing them to perform technical analysis and trading operations in the Forex and exchange markets.

Languages

MT5 supports over 20 languages including English, French, Spanish, Italian, Japanese, and Chinese.

User interface (UI)

MT5 was launched in June, 2010. It has about 1 million users worldwide. It also has a good interface which is similar to MT4 with the main functionalities available. MT5 is more suitable for advanced traders.

MT5 desktop version

MT5 – Mobile Version

Security

MT4 encrypts your trading data with all of your information from cyber attacks as well as not revealing your IP address while trading using the platform.

From a login perspective, MT4 has a two-step verification method as well to protect your account from hacks.

Research

MT5 offers financial and forex news from international agencies and provides a daily broadcast of dozens of newsletters from global events. MT5 also provides you with powerful and clear searching tools.

MT5 search

Placing orders

MT5 has the same order types as the MT4 platform which are:

• Market
• Limit
• Stop
• Trailing stop

In addition to these 5 order types, the MetaTrader 5 platform has two more order options which are:

• Buy stop limit
• Sell stop limit

Like the MT4, MT5 has ‘stop loss’ and ‘take profit’ options while trading as well.

Notifications and alerts

MT5 has instant notifications and alerts in its system to never miss an opportunity in the market.

Reports

The MT5 platform carries news reports from international news agencies and also sports an economic calendar.

FxPro – Platform Comparison

7. FAQs

1. How long does it take to verify my account?

• It takes about 1 to 2 business days to verify your FxPro account.

1. Can I open more than one trading account?

• Yes, FxPro allows you to open up to 5 different trading accounts.

1. Does FxPro offer a joint account?

• Yes. And you can apply for it by making sure that each person must first open an individual FxPro account and then fill a Joint Account Request and send it to backoffice@fxpro.com.

1. Does FxPro offer a VIP account?

• Yes, VIP Premium Accounts are offered to selected individuals with high deposits (typically $50k or equivalent) and those actively trading large volumes. The VIP clients take benefit from free VPS service and the possibility of decreased spreads/commissions.

1. Does FxPro allow bot trading?

• Yes, it does.

1. Does FxPro give a bonus?

• Unfortunately, No.

1. Does FxPro allow scalping and hedging?

• Yes, it does allow both of them for some account types.

1. Where is my money held?

• Client funds are fully segregated from the company’s funds and kept in separate bank accounts in major European banks.

1. Which Credit/ Debit cards does FxPro accept?

• Visa, Visa Electron, Visa Delta, American Express, MasterCard, Maestro International, and Maestro UK.

1. How to enable the swap-free option in my account?

• By sending an email request to the FxPro Back Office Department at backoffice@fxpro.com

1. How do I log in using the MT4 mobile platform?

• Steps:

1. Go to ‘Settings’

2. Click on ‘Manage Accounts’ or ‘Settings’

3. Then click on the small plus sign or select ‘New Account’

4. Then select ‘Log in to an existing account

5. Search for the broker name

6. Select the server your account was set up on

7. Enter your login credentials and password

8. Click on ‘Sign In’

1. When will my demo account expire?

• After 180 days.

1. When trading forex, will you lose more than your initial deposit?

• No, as both the MetaTrader 4 and FxPro platforms are set to automatically close your positions when your margin requirement reaches some point % (stop out level). Also, FxPro has negative balance protection to protect your balance from going negative.
• Please note that this process is automated and does not guarantee that your account will not enter into a negative equity situation. You should keep a balanced amount in your account above your required margin.

1. Can I log in to more than one account from the same computer?

• Yes, you can do such a thing by using the MT4 Multi Terminal.

1. Can I log in to the same account through different devices?

• Yes, you can log in to the MetaTrader 4 platform using the same password and username through different devices.

1. Does FxPro accept payments from third parties?

• No, payments should be from a bank account that holds the same name as yours.