FxPro

Question 1

Question

Which platform would you choose for scalping, MT5 or cTrader?

Mateus L. · Answer

Hmm, I have never heard someone saying that fxpro wallet is a money management tool. However, the wallet feature is pretty dope. I like how easy it is to transfer money from one account to another. It takes literally a few seconds to do it, but with other brokers that would take a bunch of time.

Kael D. · Answer

Choosing between cTrader and MetaTrader (MT4/MT5) with FxPro for algo trading really depends on your coding skills and specific strategy needs. CTrader is often better for its modern, clean interface and the cAlgo suite, which uses C# for coding. Obviously, this makes it incredibly attractive for developers who are already familiar with the. Net framework. The backtesting environment in cTrader is visually intuitive, and the execution speed is generally fantastic, offering a more transparent view of market depth (Level II pricing). Soooo, if you are building complex strategies from scratch and value a sleek user experience, cTrader is a strong contender. On the other hand, MetaTrader remains the undisputed giant of the retail forex industry. With FxPro offering both MT4 and MT5, you get access to the massive ecosystem that has been built over nearly two decades… The primary language, MQL4/MQL5, are specific to the platform, which can be a learning curve, but let’s be real, there are many existing resources. The community support is vast, if you have a bug or need a specific indicator, someone has likely already solved that issue on reddit or other forums. Furthermore, the stability of MT during high volatility events is proven time and again. While cTrader feels more "modern" MT feels more "battle tested." Both are great options, but I would lean towards MT because of the amount of ready to use bots. You can find real gems out there.

Luis P. · Answer

Guys I ven been trading with fxpro for just 5 monhs and I am really impressed. I use scalping technique based on ticks and max 1 minute price movement. THerefore, speed of oreder execution is crucial to me. And guess what, idk how, but the broker does great job. I ve neve had issues with orders not be beign filled, or filled at different quotes - at FxPro these are not issues. Moreover, spreads are quite tight - another crucial aspect for scalping. I use their proprietary mobile trading app. Actually, I was thinking to migrate to TradingView, however not sure, coz I think TV has its own servers and idk whether it wont lead to lags, But so far based on reviews, all seem good even with TV quotes and execution.

Melati R. · Answer

I’d not say so. If you’re a newcomer, it will take some time to learn how to use all their tools. Even some pro traders feel confused while trading on their platform. For example, I didn’t know that I had to deposit my money in fxpro wallet and only then distribute these funds in different accounts. It was quite unusual but I am used to it already. In case of something incomprehensible, you can always dig out into the FAQ section, there’s so much information or just reach out to their support team.

Klemen B. · Answer

In simple terms - rebates are rewards for trading. You trade volumes, and you can see they offering $1.5 for a 1 lot. Think of it as cashback for trading, and the higher volume you trade, the more rebates you are going to get. When you learn more about the rebates and why they matter, you are going to understand why Elite account costs this much. Because standard acc has no min. Deposit, $50 for a RAW+ and Elite is 10K which has whopping difference for almost the same conditions as previous. But with any less deposit, rebates just stop making any sense. Imagine you invested $100 and you opened a 0.01 lot trade and you are getting couple of cents as a reward, would that make any difference? That's why you need a bigger account for rebates to make sense, like once you start getting some dollars you will understand it's worth it, if you trade with lotta lots./

Joel L. · Answer

Interestingly, they do. Considering that the broker has headquarters in the UK, which is famous for its strict crypto regulations, you don’t actually expect to see crypto. On the other hand, fxpro is a global broker, not only for UK traders, so justified. They have all major currencies: btc, eth and usdt. In terms of time, all transactions are made through the fxpro wallet, making it instant, max one day if they need to check something to approve your request, especially withdrawals.

Feliciano C. · Answer

The opportunity is actually great, but it’s only for ctrader account users. I’m not a proud user of this account, therefore no tradingview for me. But, it doesn’t mean I can't open an account and try it. I consider tradingview far better than metatrader and if fxpro didn’t have a similar to TV interface in their lovely prop platform, I’d find another broker to trader. I’m using some advanced indicators or tools, fine with my current state of my trading. But for a try, I think you should give it a shot. A mere number of brokers offer a chance to trade on TV directly.

Arturo S. · Answer

I would go with TV... but it doesnt mean that MT5 or cTrader are inferior. The thing is that TradignView has tons of custom indicators, there are some well-established vendors that developed unique tradigng indicators. Also, PineScript just feels easier to use compared to mql... Combining TV with trading conditiosn from fxpro - it is like elevation in trading, cheat code... ther rest is all in ur hands, ur aptitude and methods