Forex and CFD traders choose XProMarkets(XProMarkets.com) for its excellent investor education and advanced MetaTrader features,
- Founded in 2022, XProMarkets is regulated in two tier-1 jurisdictions and two tier-2 jurisdictions, making it a safe broker (average-risk) for forex and CFDs trading.
- Thanks to additional trading tools and robust research, XProMarkets stands out when compared to other MetaTrader-only brokers who offer little to no features beyond the default layout.
- As an additional benefit to less-experienced traders, XProMarkets finished among the best forex brokers for beginners in 2021, thanks to an industry-leading offering of educational content on its website.
Overall Summary
Please Note: XProMarkets was not included in the 2021 annual review. As a result, this broker’s ratings may be outdated. Read our best forex brokers guide for a breakdown of the top-rated forex and CFDs brokers for 2021.
| Feature | XProMarkets |
| Overall | 86 |
| Trust Score | 83 |
| Offering of Investments | 92 |
| Commissions & Fees | 89 |
| Platforms & Tools | 96 |
| Research | 83 |
| Mobile Trading | 85 |
| Education | 77 |
Is XProMarkets Safe?
XProMarkets is considered average-risk, with an overall Trust Score of 86 out of 99. XProMarkets is not publicly traded and does not operate a bank. XPro Markets is registered in South Africa. Tier-2 regulators: XProMarkets is authorised by the following tier-2 regulators: Financial Sector Conduct Authority (FSCA) of South Africa
Regulations Comparison
| Feature | XProMarkets |
| Year Founded | 2022 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 2 |
| Tier-3 Licenses | 0 |
| Trust Score | 86 |
Offering of Investments
The following table summarizes the different investment products available to XProMarkets clients.
Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available from any broker’s UK entity, nor to UK residents.
| Feature | XProMarkets |
| Forex Trading | Yes |
| CFDs (Total) | More than 160 top-trending CFDs |
| Forex Pairs (Total) | 47 |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (CFD) | Yes |
| Social Trading / Copy-Trading | Yes |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Commissions and Fees
XProMarkets offers four account types with a range of fees and products to trade. When calculating the all-in cost to trade, including spreads plus any commission, pricing is similar across all account types, with ranges from 0.9 pips to 2.5 pips. XProMarkets offers four account types with a range of fees and products to trade. When calculating the all-in cost to trade, including spreads plus any commission, pricing is similar across all account types, with ranges from 0.9 pips to 2.5 pips.
Account differences: The XProMarkets Trading software MT4 for exchange-traded stocks) provides the broadest number of symbols to trade, whereas those focused just on forex may gravitate to the XProMarkets Trading software MT4!. The lowest all-in cost (spreads plus any commission) is found in the XProMarkets Prime account, which unfortunately has a drastically smaller range of tradeable symbols.
No dealing desk: XProMarkets states that it provides agency execution across all account types and does not operate a dealing desk or take risks internally. XProMarkets acts as an agency broker by routing client orders to its parent company, XProMarkets AS, which is its sole liquidity provider for all its group companies.
| Feature | XProMarkets |
| Minimum Initial Deposit | 250 (USD/EUR) |
| Average Spread EUR/USD – Standard | 0.6 (Aug 19) |
| All-in Cost EUR/USD – Active | 0.7 (Aug 19) |
| Active Trader or VIP Discounts | No |
Platforms and Tools
XProMarkets is a MetaTrader broker. When comparing MetaTrader offerings, XProMarkets stands out thanks to its MetaTrader Supreme offering (available for MT5), which consists of more than 30 available technical indicators
Advanced tools: XProMarkets also offers a unique set of volatility protection tools. These tools can help you control inherent risks associated with agency execution, including slippage and market gap scenarios. No question, these tools are excellent enhancements for skilled traders.
| Feature | XProMarkets |
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | No |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| Social Trading / Copy-Trading | No |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| cTrader | No |
| DupliTrade | No |
| ZuluTrade | No |
| Charting – Indicators / Studies (Total) | 51 |
| Charting – Drawing Tools (Total) | 31 |
| Charting – Trade From Chart | Yes |
| Watchlists – Total Fields | 7 |
| Order Type – Trailing Stop | Yes |
Research
Unlike most MetaTrader brokers, XProMarkets provides a good range of research tools and resources across its website and trading platforms. Thanks to neatly-organized content on its website, traders can quickly and easily find what they want in one place.
Education: XProMarkets was our number one broker for Education finishing Best in Class in 2020, thanks to its comprehensive educational content and courses. The broker also finished Best in Class in the Beginners category.
Premium Analytics: Through XProMarkets Premium Analytics (free for customers), traders gain access to a Dow Jones News calendar, Trading Central signals, and sentiment widgets from Acuity Trading. Other tools include heat maps, fundamental and technical analysis content, and Elliot Wave Analysis.
Mobile Trading
Depending on the account type you open at XProMarkets, either the MT4 app comes standard, available for both Android and iOS. Unfortunately, the unique add-ons provided with the desktop platform do not translate to mobile. As a result, scoring for this category matches that of other MetaTrader-only brokers.
Gallery
| Feature | XProMarkets |
| Android App | Yes |
| Apple iOS App | Yes |
| Alerts – Basic Fields | Yes |
| Watch List | Yes |
| Watch List Syncing | No |
| Charting – Indicators / Studies | 30 |
| Charting – Draw Trendlines | Yes |
| Charting – Trendlines Moveable | Yes |
| Charting – Multiple Time Frames | Yes |
| Charting – Drawings Autosave | No |
| Economic Calendar | Yes |
Final Thoughts
XProMarkets can be the right choice for MetaTrader enthusiasts looking for the entire MetaTrader platform suite, and numerous add-ons and trading tools. In addition to finishing first place for Education, XProMarkets was our number one Best in Class MetaTrader broker in 2020, out of all MetaTrader brokers. XProMarkets offers a competitive range of tradeable products and numerous additional tools for trading and research not often found in MetaTrader-only brokers.
Forex Risk Disclaimer
“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.”
