Do you know what the spreads are during NFP on c-trader?
Could you tell me what your average spreads are during non-farm-payrolls on MT4 and C-trader account ? please.
Dear MrQuickbuy,
Our average spreads during the NFP, between 15:28 - 15:32 (NFP is at 15:30 Server Time) is around 2.5 pips on the EURUSD pair on the MT4
wow thats really good. so the fixed spread would be 1.6 and floating would be about 2.5 pips. At my broker its between 20 to 60 pips, killed me last nfp.
Dear MrQuickbuy,
Please bear in mind that on the MT4 Fixed Spread account the spread on the NFP and other major events will go up to 1.9 pips as per the spread specifications (Trade EURUSD with FxPro), and that the floating is average at around 2.5 pips, but can go higher at the NFP release (i.e. at exactly 15:30 server time).
Kind regards,
FxPro Team
Dear Members,
We are pleased to announce the following changes and additions:
[B]New Instruments:[/B]
[B]- MT4:[/B] Gold by grams and Ounces. Brent Oil Futures
[B] - MT5:[/B] Brent Oil Futures
[B]Trade Related Updates:[/B]
-
Margin requirements for all Swiss Franc (CHF) pairs will be decreased to 1%. In other words you will be able to trade all CHF pairs with a leverage of up to 1:100.
-
MT5 will be employing Dynamic Leverage. As a result of this change, MT5 account holders will be able to increase their account leverage up to 1:500 in line with the MT4 and cTrader.
Shall you have any questions, please do not hesitate to contact us.
Kind regards,
FxPro Team
Am I right in thinking that FxPro only allow trading via CFDs and not direct spot trading? I’m new to forex and in the process of selecting a broker, so I wanted to ask why FxPro operate that way?
Forgive me if this is a question with an obvious answer to experienced traders out there!
Dear Dbriley,
The definition of a CFD is: A CFD, or contract for difference, is an agreement that allows you to speculate on the value of a financial instrument without having to purchase it outright and take possession of it. In a CFD contract, if the value of the instrument in question is higher when the agreement is closed than it was when it was purchased, the seller must pay the difference to the buyer, if the value is lower the buyer must pay the difference to the seller.
In general, all of the offerings are CFDs. CFDs on spot FX, stocks and etc. So effectively, your are trading CFDs. This is the way the retail FX industry is operating.
I hope that it clarifies everything. Shall you have any other questions, please do let us know, or contact us directly via our Support.
Kind regards,
FxPro Team
Dear members,
It is my pleasure to announce that we have increased our newest product offering, effective from today.
Please see below the Press Release on this matter:
[B]FxPro Increases it’s Product Offering[/B]
01 June 2015, London. Award winning FX broker FxPro is pleased to announce it has expanded its product range offering to encapsulate numerous additional Contract for Difference (CFDs) including numerous additional shares*, indices, commodity and energy futures. More particularly, the broker shall be offering some of the most popular and liquid shares listed on the French, British, German and US markets, new spot indices such as the China 50 and USD index, enhanced energy and agricultural futures including cocoa and coffee, thereby enabling clients to further diversify their trading activity while taking advantage of FxPro’s award-winning services. These new products can be traded on the FxPro MT4 platform and are available as of June 01, 2015.
Known for operating as a No-Dealing-Desk broker, offering top-tier liquidity and superior execution technology, FxPro is ever expanding and improving its services. The broker has therefore introduced these much-anticipated additions to its product range with the aim of meeting its clients’ needs and investment objectives.
FxPro CEO, Charalambos Psimolophitis, commented on this development:
[I]“Every new service we offer is driven by our ongoing attempts to secure better trading conditions for our clients. Having observed an increasing demand for CFDs on more products, we have responded with these new additions in effort to provide our clients with the opportunity to expand their trading activities, while also enjoying the benefits of our platforms and high standards of execution.”[/I]
*Shares are only available to clients of FxPro Financial Services Limited
The full list of products is available here:
Forex | Products & Spreads | FxPro
Shall you have any questions, please do not hesitate to contact us.
Kind regards,
FxPro Team
Hi,
Thanks for taking the time to reply. So, effectively all (or perhaps most) retail forex trading is actually just forex-specific CFDs (i.e a CFD where you’re just speculating on a currency pair)?
A lot of people seem to make a distinction between ‘forex trading’ and CFDs. Why do you think this is? Is it just a misunderstanding of the retail forex industry? These articles on BabyPips are a good example of what I mean:
CFD Trading vs. Spot Forex Trading
What in the World is CFD Trading About?
Many thanks
Dear Dbriley,
Correct. Effectively, a CFD (or a contract for difference), you are not actually holding the commodity, but rather speculating on the price difference.
It is effectively the same thing on the global scale for FX, where the broker is the counter-party of the trade, and depending on the broker they might pass on the trades to the liquidity providers, fully or partially, and others might want to keep it in their own books.
Let me know if this makes sense, or shall you have any other questions.
Kind regards,
FxPro Team
Thanks again for the helpful reply. Could you explain your second paragraph a little more? What did you mean by “on the global scale for FX”? Am I right in thinking you’re referring to the dealing desk vs. non-dealing desk model in that paragraph? Is it still a CFD in these cases? If so, I’m still slightly confused as I would read that as meaning you’re “trading” with the broker’s desk (or their liquidity providers), rather than just entering into a contract regarding how the price might change. Is it just that the platforms are set up so it ‘feels’ like you’re trading, but actually you’re not? Forgive me ignorance - a complete beginner!
I’ve set up an FxPro demo account so will see how I get on.
Dear Members,
Further to our previous communications regarding the Greek debt crisis and upcoming referendum on Sunday July 5, we would like to advise you of the following:
Following a prudential approach, we have decided to increase margin requirements to 2% for trading the following instruments:
– Euro crosses
– G20 currency crosses
– Precious metals
In other words, the available leverage for trading the above instruments will be limited to 1:50. These new margin requirements will only apply to new positions that are placed between Friday, July 3, 2015, 12:00 to Monday, July 6, 2015, 02:00 (server time) unless otherwise advised.
We will update you when normal trading conditions are due to resume.
*Update: Increased margin requirements do not apply to the following pairs: CHFPLN, CHFSGD, NOKSEK, NZDCHF, NZDSGD
As always, shall you have any questions, please do not hesitate to contact us.
Kind Regards,
FxPro Team
Dear members,
We are delighted to announce that as of Monday September 21st 2015, shares trading has also been made available to clients registered with FxPro UK.
This greatly expands the trading opportunities available to FxPro UK clients, as you will now have the option to trade over 150 large cap shares from the following countries:
100 US Shares
30 UK Shares
10 French Shares
15 German Shares
If you have any information regarding these new products, please do not hesitate to contact our Support Team.
Kind regards,
FxPro Team
Dear Traders,
Today we are proud to announce, that FxPro Financial Services Limited has acquired authorisation by the South Africa Financial Services Board (FSB) to operate as a Financial Service Provider (FSP; licence no. 45052). The newly granted authorisation gives FxPro the opportunity to expand its operations on a significant scale and to reach new customers with its award-winning services.
We are delighted at the prospect of extending our services to new customers. The FSB authorisation gives us a key advantage and opens up an array of opportunities, as we believe that there is significant market potential for FxPro. We welcome it as another step towards growth.
[B]FxPro CEO, Charalambos Psimolophitis.[/B]
As an online broker, FxPro currently serves clients in more than 150 countries. Clients benefit from no-dealing-desk execution, deep liquidity and competitive pricing, as well as from a continuously growing product offering that now includes 6 distinct asset classes.
FxPro Financial Services Limited remains authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC; license no. 078/07). Trading CFDs involves significant risk of loss.
Kind regards,
FxPro Team
Dear Traders,
Earlier this year, we took the initiative to publish quarterly statistics relating to our standards of service. The decision was made in an effort to increase transparency in the FX market and encourage more industry participants to be as forthcoming about their operations.
Today, FxPro is pleased to announce its slippage and execution percentages for the months of July, August and September, 2015.
FxPro’s Q3 slippage statistics are as follows:
[ul]
[li] Positive = 43.4%
[/li][li] At Quote = 39.6%
[/li][li] Negative = 17.0%
[/li][/ul]
Re-quote percentages for the same period:
[ul]
[li] Re-quotes = 4.5%
[/li][li] Positive = 2.8%
[/li][li] Negative = 1.7%
[/li][/ul]
[B]FxPro CEO, Charalambos Psimolophitis[/B], commented:
“Our execution statistics are very encouraging. Even though there was increased market volatility during the third quarter of 2015, we have managed to register these promising figures that reveal slippage symmetry and testify to our advanced execution and order-matching technologies. It remains our aim to continue providing our clients with flawless service and order execution, even in the most volatile of market conditions.”
Trading CFDs involves a high risk of loss.
Kind regards,
FxPro Team
Dear Traders,
We are delighted to announce that FxPro has been awarded “Best FX Broker” at the prestigious Shares Awards, making this the third time in as many years for achieving the accolade!
In the last year, we have successfully improved trade execution and reduced latency for our clients, while having also launched the initiative for greater transparency by publishing our execution statistics on a quarterly basis.
Michael Boydell, Managing Director of AJ Bell Media Ltd, commented:
“Congratulations to FxPro for deservedly winning Best FX Broker and making it a hat trick. Their continual recognition at the Shares Awards shows how year-on-year they are consistently meeting the demands of investors and traders with their innovation and transparency.”
Thank you all for your support, and congratulations to our team!
Dear Members,
We are delighted to inform you that FxPro was named “Best Forex Provider” at the 2015 Investors Chronicle & Financial Times Investment & Wealth Management Awards, which took place at the Plaisterers’ Hall in London, UK, last night. This is the second year in a row that FxPro takes home the accolade.
This has been a very successful year for FxPro. Over the past year we have launched our FxPro MT5 trading platform, received new regulatory authorisation in South Africa, and expanded our product range with the addition of new trading instruments.
We would like to congratulate our team and give thanks to you for your support, and to the readers who voted for us!
Kind Regards,
FxPro Team
Dear Traders,
FxPro would like to announce the expansion of its product offering with the addition of four new spot indices that are already available for trading.
Our new index symbols are the following:
• US30 (Dow Jones Industrial Average): Comprises 30 large cap US shares from a variety of industries, including household names such as Apple and General Electric
• USSPX500 (S&P 500): Tracks the performance of 500 of the largest publicly owned companies in the United States
• AUS200 (ASX 200): Follows the value of the largest companies traded on the Australian Securities Exchange
• Japan225 (Nikkei 225): Consists of 225 of Japan’s largest publicly traded companies, including brands like Sony and Nissan
For a full list of all available spot indices, visit: bit.ly/FxProIndices
Trading CFDs involves significant risk of loss.
Dear Traders,
As another year draws to a close, all of us here at FxPro would like to extend our warmest wishes to you for happy holidays filled with health, joy and love.
It has been a turbulent 2015, but one that saw us standing by our clients and doing everything in our power to protect them from outlier events.
We would like to thank all of you for your continued support and loyalty. You have helped make FxPro one of the leading brokers in the world, and we look forward to providing you with more instruments, better prices and a truly world-class service in the future.
Join us as we revisit the economic events that shaped a most memorable year - www.fxpro.co.uk/year-in-review
Trading CFDs involves significant risk of loss.