FxPro SuperTrader Review
- Broker's Name : FxPro SuperTrader
- Headquarter : United Kingdom
- Regulation : CySEC, MiFID, FCA
- Minimum Deposit : $500
- Maximum Leverage : 1:500
- Type of Platform : MetaTrader 4, MetaTrader 5, cTrader, Web-based
Pros and Cons
- Unique Trading Tools
- Readily Available Demo Account
- Support in 19 Languages
- Multi-step Confirmation Process
- No Bonuses or Promotions
FxPro SuperTrader is a recently introduced Forex and CFD platform created for both novice and experienced traders to gain access to the FX market. FXPro SuperTrader is offered by FxPro Financial Services Limited which is authorized and regulated by the Cyprus Securities and Exchange Commission.
The FXPro SuperTrader platform is an automated platform. There are no fees for maintaining the account and no commissions for investing in in-house strategies. An investor does pay a 5% performance fee to the owner of the strategy that generated profit for him. This fee is automatically deducted as soon as the investor stops following a strategy and is only deducted if that strategy is in profit at the time he/she decides to remove it from the portfolio.
An FxPro SuperTrader investor may also incur fees associated with making deposits and withdrawals but there are no commissions for depositing or withdrawing via bank wire transfers.
Building a portfolio is not difficult with FXPro SuperTrader. It involves selecting a strategy to copy from the best daily, weekly and all-time performers in the Strategies Overview section. Each strategy includes full back-test results as well as the strategy’s Intraday, 7Days, 30Days and Since Started performance statistics. These indicate how much a strategy has made or lost for its investors.
The next step is to decide how much free equity to allocate to it and whether to use the Ratio Multiplier which allows a trader to increase his/her risk exposure by multiplying the amount invested in relation to the leader’s allocation amounts.
The trader must then set three items: The Strategy Max Loss % can be set from 1 – 30% in order to define how much a trader is willing to lose before a strategy is automatically closed. Once losses reach the percentage of equity specified it will be closed-out.
The Trailing Equity Stop allows traders to lock-in profits at a predefined level in order to protect their portfolio from retracements. This can be set anywhere from 1-50%.
The last step is to set the Profit % Trigger Point acts like a Take Profit order, closing a strategy and securing profits when they reach a predefined level. After the funds have been allocated and the risk controls set, a click on the save button automatically starts the strategy trading.
FxPro offers a credit line to SuperTrader investors offering them up to 4 times their initial deposit amount. The minimum deposit for FxPro SuperTrader investors is $2000 with a credit multiplier of 4, i.e. $10,000 minimum for an account.
The FxPro SuperTrader is only one of several features offered to retail traders at FxPro who continue to enjoy unparalleled levels of service in terms of liquidity, execution and trading conditions as well as industry-leading tools and platforms. Traders can choose to trade on a host of different platforms which include the MetaTrader4, MetaTrader Web, MetaTrader5, cTrader and cTrader Web. There is also a mobile platform.Back to Top
Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.
Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.
Back to Top