FinFxPro offers great spreads, a low minimum deposit requirement, and generous leverage on the MetaTrader4 platform. It also accepts crypto CFDs, which is a nice feature.
The broker provides a range of platforms, including the MetaTrader and cTrader suites, along with its proprietary FxPro Edge app. However, it trails its industry peers regarding pricing and tools.
Minimum deposit
The minimum deposit required to open a forex account is not as high as expected. The minimum for a micro account is just five dollars, and that is a good thing, especially if you are starting on the trading journey.
The site also boasts a full range of trading tools, which can help you make the most informed decisions possible, as well as a customer support service that will always be there to help you. As a result, you will have a pleasant experience no matter where you live.
Besides the usual suspects such as bank transfers, FxPro also allows you to deposit or withdraw funds using various credit cards, e-wallets, PayPal, and, more recently, cryptocurrencies like Bitcoin. The company has even gotten smart and offered a free demo account to try before you buy, which is undoubtedly the best way to get started in the industry.
Minimum trade
One of the most important aspects to consider when trading is the capital you need. The amount that you have to invest will depend on your broker, your experience, and your goals.
Forex brokers offer different minimum trade sizes, which will depend on the type of account that you choose. For example, if you have a micro account, you will have to have at least $5 for each lot that you buy.
This minimum will also depend on the kind of market that you are trading in. If you are trading in the currency market, for instance, the minimum trade size is 0.01 lots, which equals 1,000 units of a base currency.
Traders should be aware of the fact that the minimum is only a starting point and that it will not allow them to make big profits. It will, however, prevent them from losing all their money in a few trades.
Trading platform
Finfxpro provides traders with several platforms to trade forex and CFDs. These include MetaTrader, cTrader, and its proprietary FxPro Edge web platform.
The website offers a wealth of information for traders to educate themselves. This includes daily news reports, a trader’s board, and a technical analysis academy.
There are also several valuable tutorials and mini-cards on trading psychology. This information can help investors avoid making mistakes that could lead to losses.
Another feature is a trade ideas section where traders can read about new trades and share their tips. These can be very helpful for traders who are just starting.
It is essential to ensure that a broker has a proper regulatory certification from an authority in your jurisdiction. This will give you peace of mind and security.
Customer support
As the name would imply, finfxpro is one of if not the most popular forex brokers around. Its five account types are available in various currency combinations to suit the intrepid investor. It also offers educational resources to help new and existing traders get the most out of their wares. Its customer service is a mix of chat, email, and mobile phone. Fxpro may not be as fast as it claims to be, but the company does make it a point to reply to queries within 24 hours. They are also on the ball about their spielotects and their customer retention numbers. Its plethora of customer support options makes it the best place for a top-notch online trading experience.