FXPro: The Best Low-Spread Solution.

Introduction

When it comes to trading, low spreads are critical for profitability, especially for traders engaged in high-frequency strategies like scalping. Brokers offering tight spreads provide an essential advantage by reducing trading costs and increasing overall profitability. FXPro is often regarded as a top choice for traders seeking competitive spreads. But is it truly the best low-spread solution?

What Are Spreads, and Why Do They Matter?

In forex trading, the spread is the difference between the bid and ask prices of a currency pair. This difference is essentially the cost traders pay to execute a trade, and it can vary depending on the broker and market conditions. Lower spreads mean lower trading costs, which is particularly important for active traders who trade frequently or use scalping strategies.

Here’s why low spreads are so important:

Higher Profitability: With lower spreads, traders can enter and exit the market more cost-effectively, increasing the chances of profitable trades.
Faster Execution: Lower spreads also help ensure that traders get filled closer to the market price, minimizing slippage.
Efficiency in Trading: For scalpers, the cost of trading is minimized with tight spreads, making it easier to profit from small market moves.

FXPro’s Low-Spread Offering

FXPro positions itself as a leading CFD broker with a strong emphasis on providing low-spread options for its traders. Here’s how FXPro stands out in terms of spreads:

1. NDD Model: No Dealing Desk (ECN-Style Execution)

FXPro uses an NDD (No Dealing Desk) execution model, which means it aggregates prices from a network of liquidity providers and passes the best available price to the trader. This model offers ECN-style execution, where there’s no conflict of interest because FXPro doesn’t act as the counterparty to trades.

Key Benefits of FXPro’s NDD Model:

Transparent Pricing: As an ECN-style broker, FXPro ensures transparent pricing with no hidden markups on spreads.
Low Spreads: FXPro’s spreads are competitive, with spreads as low as 0.0 pips on major currency pairs like EUR/USD on Raw+ and cTrader accounts.
Faster Execution: FXPro’s low-latency execution ensures faster fills, which is crucial for scalpers and high-frequency traders.

2. Account Types and Spread Models

FXPro offers multiple account types, each with its own spread structure to cater to different trading styles.

Standard Account (Floating Spreads)

FXPro’s Standard accounts offer floating spreads with an average of 1.2 to 1.5 pips on major currency pairs like EUR/USD.
This account type does not charge any commission, but the spreads are higher than on Raw+ or cTrader accounts.
While not the cheapest option, Standard accounts are still an affordable entry point for beginners or casual traders.

Raw+ Account (ECN-Style with Commission)

The Raw+ account offers raw spreads, which are typically 0.0 pips for most of the trading day. These spreads are highly competitive, particularly for scalpers and algorithmic traders.
The commission for Raw+ accounts is $3.50 per lot per side, which keeps the overall cost low despite the added commission.
This account is perfect for active traders who need the tightest spreads combined with high-frequency execution.

cTrader Account (Low Raw Spreads with Commission)

cTrader accounts at FXPro offer raw spreads for FX and spot metals, with a commission of $35 per $1 million traded per side (approximately $3.50 per 100k per side).
The cTrader platform is highly favored for its low latency and advanced trading tools, making it ideal for scalping and algorithmic trading.
This account type offers tight spreads and lower overall trading costs when compared to other brokers.

3. FXPro’s All-in Trading Cost

When assessing a broker’s spread offering, it’s important to look at the all-in cost, which includes spread plus commission. Here’s an example of how FXPro’s spreads and commissions work out:

FXPro’s cTrader Account Cost Example (EUR/USD)

Average spread: 0.46 pips
Commission: $3.50 per 100k (one side of a trade)
Total cost (all-in): 0.46 pips + $3.50 = 1.16 pips (approximately) per round-trip for EUR/USD.

Comparison to Competitors:

IC Markets: 0.1 pips spread + $3.50 commission = 0.80 pips all-in.
Pepperstone: 0.1 pips spread + $3.50 commission = 0.80 pips all-in.
FXPro comes close, but on average, the all-in cost for EUR/USD is slightly higher compared to IC Markets and Pepperstone.

4. Pros and Cons of FXPro as a Low-Spread Solution

The Pros:

Regulation: FXPro is regulated by top-tier authorities such as the FCA (UK) and CySEC (Cyprus), providing a high level of safety for traders.
Transparent Execution: With NDD execution, FXPro offers no requotes and fast fills, ideal for active traders.
Positive Slippage: Thanks to its deep liquidity pool, FXPro’s NDD model often results in positive slippage, where trades are executed at better prices than expected.

The Cons:

Commissions: While FXPro’s Raw+ accounts offer tight spreads, there is a commission of $3.50 per side, which may be higher than some competitors like IC Markets and Pepperstone.
Wider Spreads in Volatile Markets: As with any ECN-style broker, spreads can widen during periods of high volatility, which can increase the overall cost during these times.

Conclusion

Yes, FXPro offers one of the best low-spread solutions for forex and CFD traders. While it may not always be the absolute lowest cost option on major pairs, it provides a strong, all-in trading environment with tight spreads, fast execution, and transparent pricing. FXPro’s NDD execution model and competitive commission rates make it an attractive option for traders who value fast fills, no requotes, and a regulated environment. However, for traders who prioritize the absolute lowest commission rates, brokers like IC Markets and Pepperstone may offer slightly better pricing.