FxPro fees and commissions
FxPro is a well-known trading platform offering access to multiple financial instruments, including Forex, stocks, commodities, and indices. One of the key considerations for traders is the cost structure, including FxPro fees and commissions. Understanding these costs helps traders plan their strategies effectively and optimize profitability. This article provides an in-depth breakdown of FxPro's pricing model, including spreads, commission charges, and hidden costs.
FxPro offers different account types, each with its own pricing model. The costs traders incur depend on the chosen account type and the traded asset.
1. Types of Fees
FxPro fees and commissions can be categorized into the following:
2. Comparison of Account Types
Different FxPro accounts have unique pricing structures. The table below highlights the key differences:
Account Type | Spreads | Commission | Swap-Free Option | Leverage |
---|---|---|---|---|
FxPro MT4 | From 1.4 pips | No | Yes | Up to 1:500 |
FxPro MT4 Raw+ | From 0.2 pips | $3.50 per lot | No | Up to 1:500 |
FxPro cTrader | From 0.0 pips | $3.50 per lot | No | Up to 1:500 |
FxPro Edge | From 1.4 pips | No | Yes | Up to 1:500 |
1. Spreads Explained
FxPro operates with variable spreads, meaning the cost changes based on market conditions. Typical spreads for major currency pairs are:
Asset | Typical Spread (MT4) | Typical Spread (cTrader) |
---|---|---|
EUR/USD | 1.4 pips | 0.0 pips |
GBP/USD | 1.8 pips | 0.3 pips |
USD/JPY | 1.5 pips | 0.1 pips |
2. Commission Charges
Commissions are charged on cTrader and Raw+ accounts:
3. Swap Fees (Overnight Charges)
Swap fees are applied to positions held overnight. The table below provides examples:
Currency Pair | Swap Long | Swap Short |
---|---|---|
EUR/USD | -3.50 | 1.20 |
GBP/USD | -2.80 | 1.60 |
USD/JPY | -1.10 | 0.90 |
4. Deposit & Withdrawal Fees
FxPro does not charge deposit fees, but some withdrawal methods may have costs:
Payment Method | Deposit Fee | Withdrawal Fee |
---|---|---|
Bank Transfer | Free | Variable |
Credit/Debit Card | Free | Free |
E-Wallets (Skrill, Neteller) | Free | 2% (for Skrill) |
5. Inactivity Fees
If an account remains inactive for six months, FxPro charges a monthly fee of $15, deducted from the available balance.
To understand FxPro fees and commissions better, here's a comparison with other major brokers:
Broker | Spreads (EUR/USD) | Commission | Inactivity Fee |
---|---|---|---|
FxPro | 1.4 pips (MT4) | $3.50 per lot (cTrader) | $15 per month |
IC Markets | 0.1 pips | $3.00 per lot | None |
XM | 1.6 pips | No | $5 per month |
Pepperstone | 0.6 pips | $3.50 per lot | None |
FxPro fees and commissions vary based on the account type, trading platform, and market conditions. While spreads are competitive, commission-based accounts provide lower-cost trading for high-volume traders. Swap fees should be considered for long-term positions, and inactivity fees can impact dormant accounts. Comparing FxPro with other brokers shows that its pricing is transparent and in line with industry standards.
This article provides a structured overview of FxPro fees and commissions, helping traders understand the cost implications before engaging in financial markets.