XPro Markets is a new CFD broker authorised and regulated by the Financial Sector Conduct Authority of South Africa. At XPro Markets traders can take advantage of access to over 160 of the top CFDs in asset classes such as forex, stocks, commodities, indices, and the increasingly popular cryptocurrency futures.
XPro Markets isn’t just opening its virtual doors for trading, it also gives traders the latest tools and educational resources to help them improve their trading skills and knowledge.
There are four tiers of accounts to choose from at XPro Markets, with each offering a different feature set to cater to different levels of traders. The minimum deposit of 250 (USD/EUR) makes the broker accessible to traders of all levels.
Traders can also take advantage of market news, trading signals, and a healthy amount of leverage to tailor their trading strategy to market conditions. Plus, there are two different platforms available, ensuring each trader has access to a platform that is comfortable for their trading style.
The following review will go into greater detail regarding what to expect when trading with XPro Markets.
· Low minimum deposit
· Support for 19 languages
· Two trading platforms with demo accounts
· New broker
· Not available to U.S. residents
XPro Markets is operated by Ukuchuma Financial Services (PTY) LTD, authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP license Number 32535. This third-party regulation ensures that the broker follows commonly accepted practices to make the trading experience safe and secure for its clients. It also gives traders an outlet if they do have any concerns or complaints with the broker.
As mentioned earlier, XPro Markets offers four different account types for interested investors and traders. Those account types are:
Minimum deposits are as low as 250 (EUR/USD) for the Classic account. This account tier is most suitable for those who are just getting started in trading. They can begin slowly and familiarize themselves with the markets and the trading conditions at XPro Markets.
All four tiers feature leverage that can be as great as 1:400 and competitive spreads. For example, the spreads on EUR/USD are as follows:
Classic – 2.5 pips
Silver – 2.5 pips
Gold – 1.8 pips
VIP – 0.9 pips
As you can see, the higher tier accounts do benefit from improved spreads, which can make a significant difference when making large volumes of trades.
|2.5 EUR/USD||2.5 EUR/USD||1.8 EUR/USD||0.9 EUR/USD|
|2.8 GBP/USD||2.8 GBP/USD||2.3 GBP/USD||1.4 GBP/USD|
|2.8 USD/JPY||2.8 USD/JPY||2.3 USD/JPY||1.4 USD/JPY|
|$0.14 Crude Oil||$0.14 Crude Oil||$0.13 Crude Oil||$0.10 Crude Oil|
All traders can take advantage of a demo account as well, which allows them to test out the trading conditions or their own trading strategies, without risking any actual money.
XPro Markets offers all the popular asset classes that traders have come to expect when trading in CFDs. With over 160 different individual assets there is certainly something for every trader. The asset classes available are:
· Forex Currency Pairs – All the popular major pairs, plus a good selection of minor pairs.
· Stock Indices – Top global indices such as the S&P 500, NASDAQ, DAX, CAC 40, Nikkei 225 and more.
· Commodities – Popular metals, energies, and agricultural commodities are featured.
· Cryptocurrency Futures – Bitcoin and Ethereum, plus a number of smaller, but still popular cryptocurrencies.
· Global Shares – Some of the world’s most popular shares as CFDs, such as Apple, Deutsche Bank, Microsoft, and Tesla.
Clients can also take advantage of leverage as high as 1:400 on their currency trades.
XPro Markets offers both the world-class MetaTrader 4 platform and its own XPro Markets web trader.
Most traders will recognize the name MetaTrader 4. It has been the top trading platform for forex traders for two decades and has won numerous awards for its range of charting tools and indicators. At XPro Markets they offer MT4 as both a downloadable software that runs on any Windows PC, or as a mobile app that can run on both Android and iOS devices. With MT4 traders can take advantage of all the following features:
· Access all 160+ available CFD assets
· Free Trading Analysis tools
· More than 30 available technical indicators
· Customisable and EAs appropriate
· Easy to use MT4 interface
· Multiple executions and order types
· Android and iOS compatible
· Customisable Push Notifications and Alerts
Those who prefer to do their trading from a web browser can take advantage of the XPro Markets developed web trader. It is a modern take on the trading platform and gives traders all the tools they need to access and trade financial markets, without the need to download any software or apps. Traders can access the web trader on any internet connected device with a web browser. And the XPro Markets web trader has these following features:
· Instant access to high-liquidity markets
· Free Trading Analysis tools
· No download required
· User-Friendly Web Interface
· 3 Clicks Transactions
· Stop Loss and Take Profit Calculators
· New Limit Order Provided
Whether choosing the MT4 platform or the web trader, clients will be able to analyze and trade all their favorite assets.
Clients will find a number of research and education tools available from the XPro Markets website. These include ebooks, interactive courses, an economic calendar, and live market summaries, and chart analysis.
However, the most powerful research and education tool offered by XPro Markets is access to Trading Central. This is a third-party service that provides both fundamental and technical analysis of all the major markets, along with news, sentiment, and economic analysis. It combines artificial intelligence solutions with a human research desk, and the combination is extremely powerful.
XPro Markets provides customer support on a 24/5 basis via online chat, web form, or telephone. Customer support agents are capable of responding in 19 different languages.
Overall XPro Markets seems to have what any level of trader needs in terms of tools, research, and education. They also offer a solid selection of assets, which means traders will always have some opportunity to take advantage of in the markets. Add in the two powerful trading platforms and you have a potent combination.
Clients will naturally appreciate the regulation of the broker, as well as the negative balance protection. And with minimum deposits starting at 250 (EUR/USD), XPro Markets is accessible by all levels of traders. That’s also been highlighted by the four tiers of accounts being offered by the broker.
If you’re interested in exploring XPro Markets further, you could always contact their customer support team with any questions or concerns. With 19 supported languages they are likely able to respond to you in your native language, which is definitely a bonus.
Overall, the broker is transparent and approachable, and those interested can easily open an account to begin testing the trading conditions at XPro Markets.