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– The Matrix Panel, a powerful order management console that enables one-click trading – The Open Book Panel displaying level II quotes
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– Trading by charts and The Trades Table (a professional analytical tool showing level I quotes) It offers the following tools and features: Trading PlatformĬlients of FXFINPRO Capital may choose from a variety of platforms: FXFIN Protrader (desktop, web, mobile), FXFINPRO JForex and FXFINPRO Trader Workstation.įXFIN Protrader is a functional platform, suitable for traders of all levels of experience. If you, however, need higher leverage, many Cyprus-based brokers offer such: XM – up to 1:888, FXTM – up to 1:1000 and Exness – up to 1:2000 (the highest available level in the industry). A list of forex brokers offering leverage equal to or higher than 1:500 can be viewed here. The reason for such leverage limitations is that higher leverage involves higher risk of heavy losses. For instance, FXFINPRO Capital warns the maximum leverage for the real trading accounts of customers residing in Poland is 1:100 due to Polish legislation restrictions. The maximum leverage level offered by FXFINPRO Capital is 1:500, which is considered comparatively high, as some jurisdictions cap leverage ratios at considerably lower. You may look up real-time spread of 15 leading brokers here. In comparison, FxPro, also holding a CySEC license, offers average spreads as low as 0.4 pips on the EUR/USD for its cTrader accounts, charged $4.5 per standard lot Cyprus-based Exness provides its ECN account holders with average spreads of 0.4 pips on EUR/USD, also incurring a commission of $ 2.5 per standard lot. So basically, the average spread offered by FXFINPRO Capital is around 1 pip, commission included. It also charges a commission for its services and the ECN environment, ranging from $2 – $3.5 per lot per side, depending on the trade volume (For MetaTrader platform the commission is charged in double rate). This broker offers tight variable spreads, the average ones on the EUR/USD amounting to 0.3 pips. In comparison, Cyprus-based Easy-forex demands $25, and FXTM – $100 from its clients as a start. Such minimum initial amount is reasonable and average. In order to open an account with FXFINPRO Capital, traders have to invest at least $50. It is also regulated under the Markets in Financial Instruments Directive (MiFID) in regards to offering cross border services within the EU under the MiFID Passporting Regime, allowing companies regulated in their "home state" to provide services to customers in other EU member states. FCA-regulated brokers in UK, for example, are under the umbrella of the Financial Services Compensation Scheme, where the maximum compensation cover is £50,000 per person.Īdditionally, PFX Financial Professionals Limited is registered with the UK’s Financial Conduct Authority (FCA). Similar compensation schemes apply in other jurisdictions. If the Company becomes insolvent or ceases trading, the Fund is able to pay compensation to its covered clients, amounting to a maximum of 20,000 EUR. All CySEC-regulated companies are members of the Investor Compensation Fund, the fund of last resort for customers of authorized firms. The Commission requires Cyprus-based forex brokers to hold at least €1,000,000 in order to prove their financial stability.įurthermore, the Cypriot financial watchdog applies a compensation scheme as additional guarantee to clients’ funds.
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The regulator has started processing compensation claims of FXFINPRO’s clients in January, 2020.įXFINPRO Capital is a ECN/STP broker, offering a broad spectrum of investment products and tools, such as the ability to trade in stocks, futures, forex, Contracts for Difference (‘CFDs’), indices, options and/or other financial derivatives.įXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a Cyprus-based company, which is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).ĬySEC applies certain rules to license holders, one of them being the minimum capital requirement.
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Update : PFX Financial Professionals Limited’s license has been withdrawn by CySEC and the broker is out of business since October 2018.
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It allows management of several individual customer trading accounts through bunched orders. In addition, PAMM accounts are also available with this broker, a service which combines successful traders with investors, who want to receive passive income from the Forex market. The main differences between them are not the spreads offered or the commissions, but the available trading platforms and the liquidity providers (as well as leverage).
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Like most forex brokers, FXFINPRO Capital offers its clients a choice of several basic account types. Diversify! We recommend you to open trading accounts with at least two brokers.