FxPro cTrader and the forex market

FxPro brings you prices from the FX market that you can trade through FxPro cTrader ECN. There is no need to have any additional arrangements in place - you simply leverage off the relationships that FxPro has built with some of the largest global banking institutions and benefit directly.

FxPro cTrader

FxPro cTrader is an innovative, powerful and user-friendly ECN (Electronic Communication Network), specifically designed for FX trading. FxPro cTrader combines superior functionality and advanced order routing, streaming prices from multiple global banks and execution services with real-time credit management. The GUI (Graphical User Interface) offers the latest advances in the financial technology sector including single-click order execution, technical analysis, chart trading and social networking functionality.

Trade Matching: Traiana

ECN Broker FxPro uses Traiana, a leading post-trade service provider that connects more than 500 firms with solutions that automate the full-trade lifecycle of products such as CFDs. Traiana helps FxPro with the matching of trades. Subsequently and upon execution, all trades are matched and reconciled with the FxPro’s prime broker, Morgan Stanley, in real-time. As a result, any errors relating to a trade’s details are automatically identified and rectified.

Prime Broker: Morgan Stanley

FxPro chose Morgan Stanley as its prime broker, a company that set the standards and led the ‘prime brokerage’ industry over the last two decades. Through Morgan Stanley, FxPro is able to access a pool of forex liquidity provided by a number of banking institutions and benefit from the option of a credit facility at the same time.

Liquidity, Price Aggregation and Transparency

Some of the largest global banking institutions stream real-time prices for an increasing number of currency pairs and provide deep liquidity that enables you to execute volumes from $10,000 upwards. FxPro cTrader performs price aggregation and provides you with the best available Bid and Ask prices. You can conclude trades almost instantaneously as there are no RFQs (Request for Quotes) and both market and limit orders can be placed.

Client Anonymity

FxPro has arrangements in place so that your identity of its clients that trade is protected from both the prime broker and the remaining institutions that provide liquidity via FxPro cTrader during both the pre-trade and post-trade phase. Client anonymity is a major advantage for FxPro clients because any concerns regarding unfair pricing across currency pairs is eliminated completely at all times.

The new standard in FX Trading

The term ECN (or Electronic Communication Network) is used to describe the type of computer software which facilitates trading of financial products. FxPro cTrader has no dealing desk making the connections to banks and liquidity providers. The STP/ECN forex trading environment is conducted according to real market prices, with prices moving fast based on the quotes provided by a number of leading global liquidity providers; aiming to become the world's best ECN broker.

View Your ECN orders in real-time

Our FxPro cTrader ECN platform is a true S.T.P. (Straight Through Processing) N.D.D. (No Dealing Desk) platform. Your orders are transmitted directly to the market to be executed with no intervention. You will never receive requotes and can always see the best Bid/Ask prices streamed from our liquidity providers and the full depth of the market on both sides of the book. You are guaranteed execution of your order as long as there is available depth in the market.

Commission

FxPro charges $65 per 1 million US dollars traded upon opening and the same amount upon closing a position.

FxPro cTrader trading hours

FX trading online is available 24 hours a day, 5 days a week, offering traders access during all market trading times. FxPro operates from 00:00 on Monday until 24:00 on Friday, with the exception of public holidays. The trading platform’s server time is GMT+2*.

	ECN FX	ECN Spot Metals
No. of ECN Pairs	50+	2 (Spot Gold and Spot Silver)
Spreads	From 0 pips	Gold from 0.20, Silver from 0.02
Leverage - Margin Requirements	Flexible	1.50
Margin Required for Hedge Position	No margin required for any hedged positions	No margin required for any hedged positions
Minimum/Maximum Trade Size	Minimum: 10,000 of base currency; maximum: no limitation	Gold Min: 10oz, Silver Min: 500oz; maximum: no limitation
Market Depth	Level II market depth available	Level II market depth available
Commission	$65 per $1 million traded	$65 per $1 million traded
Margin Calls	40% margin level	40% margin level
Auto-stop out	30% margin level	30% margin level
Stop Loss/Take Profit Levels	No level limit	No level limit
Negative Balance Protection
Single Click Execution
Hedging Allowed
ECN Trading Platforms Available	FxPro cTrader	FxPro cTrader
Minimum Initial Deposit	1,000 USD or EUR, GBP, CHF, PLN, JPY equivalent	1,000 USD or EUR, GBP, CHF, PLN, JPY equivalent
Payment Methods *	Bank Wire, Visa, PayPal, Neteller, Skrill	Bank Wire, Visa, PayPal, Neteller, Skrill
ECN Operating Times	Monday 00:00 GMT+2 to Friday 24:00 GMT+2	Monday 00:00 GMT+2 to Friday 24:00 GMT+2
Dedicated Live Support	Multilingual Customer Support available 24 hours, 5 days per week	Multilingual Customer Support available 24 hours, 5 days per week
Links	Please click here to see all FX pairs	Please click here for ECN Spot Metals

* Important: Neteller, Paypal and Skrill are only available for clients of FxPro Financial Services Ltd.