Trading condition of FXPro cTrader account - Cost, Execution, Volume, etc,.
FxPro’s cTrader platform offers advanced, competitive trading with a wide array of Contract For Difference (CFD) instruments for all trader levels.
FxPro cTrader: A Detailed Guide for Robust and Optimized Trading
As a leader in the online trading landscape, FxPro proudly presents its innovative cTrader platform. This state-of-the-art platform brings together FxPro’s cutting-edge trading infrastructure, highly competitive pricing, and flawless order execution, creating a robust and streamlined trading experience for every trader. This guide will explore deeper into the features, benefits, and other crucial aspects of the FxPro cTrader platform, providing a comprehensive understanding for both novice and experienced traders.
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Comprehensive CFD Instruments and Competitive Pricing
One of the notable aspects of the FxPro cTrader platform is the broad array of Contract For Difference (CFD) instruments it offers. With access to an extensive selection of CFDs, including Forex, Metals, Indices, and Energy, traders can explore a myriad of trading opportunities based on their preferences and risk tolerance. The platform operates on a 24/5 schedule for FX trading. For trading other asset classes, however, the specifications and trading times may differ and traders are advised to check them individually.
Furthermore, FxPro cTrader distinguishes itself by offering significantly lower spreads and competitive commissions. In the case of trading Forex and Metals, traders benefit from reduced spreads, thereby potentially maximizing their profits. Additionally, a commission of $35 is levied per $1 million traded. On the other hand, for Indices and Energy, the platform utilizes marked-up floating spreads but doesn’t charge any commission, thus ensuring transparency in pricing.
Market Execution Model with No Dealing Desk Intervention
The FxPro cTrader platform operates on a market execution model. This model eliminates the need for a dealing desk intervention*, leading to faster order execution and enhanced trading efficiency. All orders are executed at the volume-weighted average price (VWAP), providing tiered liquidity. This execution model helps ensure that traders get the best available price in the quickest possible time, further maximizing their trading potential.
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Versatility of cTrader Platforms
The cTrader platform is versatile and can be accessed through multiple mediums – the cTrader Desktop, cTrader Webtrader, and the cTrader mobile app available for both iOS and Android devices. This flexibility caters to a broad range of trading preferences and allows traders to stay connected to the market from virtually anywhere. Traders can start with trade sizes from as low as 0.01 (micro lots), providing considerable flexibility to implement diverse trading strategies based on their risk profile and market conditions.
The cTrader desktop platform stands out with its assortment of advanced technical features tailored for professional and serious traders. It is equipped with more than 55 pre-installed technical indicators, six types of charts, and 28 different timeframes, facilitating comprehensive market analysis. The Level 2 Depth of Market (DoM) feature provides insights into market liquidity and depth, aiding in informed decision-making.
Further enhancing its functionality, the platform provides unrestricted stop/limit levels and multiple types of pending orders, enabling nuanced trading strategies. Also, the cTrader platform features a convenient one-click trading system and allows trade directly from charts, enhancing speed and efficiency.
Moreover, to help traders stay updated with the latest market news and upcoming economic events, the platform includes a news feed and an integrated Economic Calendar. Alongside, it also provides market sentiment data and allows users to analyze trade statistics, providing a holistic view of market conditions and performance.
Understanding Stop Out Level and Trading Costs
In terms of risk management, the platform’s stop out level is set at 50% for all entities. This essentially means that when your margin level falls to 50% or lower, FxPro will initiate closing your open positions to prevent further losses.
As for trading costs, FxPro cTrader is committed to transparency and competitiveness. When trading FX & Metals, a reduced spread is applied, and a commission of $35 per $1 million traded is charged upon both opening and closing a position. In contrast, trading Indices & Energy involves marked-up floating spreads, but without any commission, ensuring clear and upfront cost structures.
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Flexible Account Types and Trade Sizes
The FxPro cTrader platform supports a hedging account type, which is particularly beneficial for traders looking to offset risks by taking multiple positions in opposing directions. As for trade sizes, the platform provides flexibility with sizes starting from 0.01 (micro lots) and upwards. This flexibility allows traders to execute a wide range of trading strategies in line with their risk tolerance and market conditions.
In conclusion, the FxPro cTrader platform, with its advanced technical features, robust execution model, and comprehensive range of CFD instruments, provides a dynamic and sophisticated trading environment. Whether you are a beginner stepping into the world of trading or an experienced trader seeking advanced trading tools, the cTrader platform is well-equipped to facilitate a successful trading journey.