Learn how to open an FxPro trading account.
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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.
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.
FxPro charges $65 per 1 million US dollars traded upon opening and the same amount upon closing a position.
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|
|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.
Risk Warning: CFDs, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore, CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary. Please read FxPro’s full ‘Risk Disclosure Statement’.
Risk Warning: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Past performance of CFDs is not a reliable indicator of future results. Most CFDs have no set maturity date. Hence, a CFD position matures on the date you choose to close an existing open position. Seek independent advice, if necessary. Please read FxPro’s full ‘Risk Disclosure Statement’.
FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (previously, Financial Services Authority) (registration no. 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07).
FxPro Group Limited is a holding company that controls FxPro Financial Services Limited. FxPro UK Limited is a direct operating subsidiary of FxPro Financial Services Limited. FxPro Financial Services Limited and FxPro UK Limited do not offer Contracts for Difference to residents of certain jurisdictions such as United States of America and the Islamic Republic of Iran.