FxPro Trading Central provides free access to a handful of technical tools that elevate your trading experience. Read further to know all the benefits and how to get them.
FxPro is a well-known brokerage company that has partnered with Trading Central to provide a number of useful features for its clients. This incredibly handy service is now available on MT4/MT5 platforms and has been updated several times to ensure its reliability.
For a quick introduction, Trading Central is a global fintech company that has been in business since 1999. It mainly operates in the field of technical analysis in forex trading and monitors a wide range of instruments. Their mission is to help traders make better trading decisions by combining analyst research with automated indicators like pattern recognition software on a wide variety of assets.
By using Trading Central in FxPro, you can get access to various interesting features like exclusive daily newsletters, reliable research platform, and powerful MT4 indicators. If used correctly, these services will certainly help you build your trading strategy and keep on top of all current news and significant events.
Let's learn all about it in this article.
Understanding FxPro Trading Central
As you may already know, trading can be quite time-consuming, especially if you are trading several instruments at once. You would need to spend a lot of time making your strategy, analyzing the markets, and monitoring the charts for trading opportunities. This is exactly what Trading Central aims to tackle.
For more than 20 years in the industry, the company has been perfecting its services to provide users with reliable information on forex technical analysis. It offers easy-to-use tools and in-depth news, as well as special candlestick charts to confirm trend reversal or acceleration. Not only providing trading ideas, but Trading Central also helps traders make efficient trades. All of the data are gathered from different credible sources and generated by a team of professional analysts, so it's highly reliable.
FxPro is one of the brokers that offer Trading Central services. Today, FxPro users can access Trading Central for free and enjoy all of the available features straight from their MT4/MT5 trading platforms. All you need to do is open a live trading account and become a FxPro member.
How to Access Trading Central
To access Trading Central, here are the steps that you should follow:
- Head over FxPro's official website and click "Register". If you have an existing account, simply sign in using your account credentials.
- Follow the instructions to create a new account and complete the registration process. You will also be required to verify your account by uploading several documents like your national ID and driving license, or you can do it later via FxPro Direct.
- Sign in to FxPro Direct and click the "Tools" tab to access various analytic services like Trading Central, Economic Calendar, FxPro Dashboard, and more.
- Lastly, select "Trading Central" and enjoy all of the available features.
Trading Central's Features
Trading Central offers three unique functionalities, namely:
1. Exclusive Newsletter
You can subscribe to Trading Central's newsletter which offers a bunch of specific technical trading ideas, expert market overviews, and actionable strategies straight from their research desk. The topics are highly diverse and you can select the ones that are relevant to you, so it's highly personalized for every trader.
The newsletter will be delivered automatically to your inbox every evening. This is a good time to reflect on your trading day and prepare for the next. Use the information in the newsletter to build a powerful strategy and generate better profits.
2. Research Platform
FxPro Trading Central is integrated into MT4/MT5 trading platforms, so it's very easy to use and highly useful. The modern interface shows quality, layered data points that enable users to get directional forecasts on more than 8,000 instruments.
Built-in MT4 Technical Indicators
Lastly, Trading Central offers the chance to use various technical indicators that can help you spot trading opportunities, protect your trades against unpredictable price movements, and decide the best entry/exit points.
The available indicators are as follows:
- Analyst Views provides preferred direction and target levels based on award-winning technical analysis methodology. You can also find alternative scenarios based on pivot levels where the target levels are in the opposite direction.
- Adaptive Candlesticks display patterns that indicate changes in the market's supply and demand lines and the battle between buyers and sellers. This tool can detect up to 16 trusted candlestick patterns instantly on any chart.
- Adaptive Divergence Convergence (ADC) helps you spot trading opportunities rather easily by looking at the status of all components such as price lines, indicators, and oscillators. If you like MACD, then you are also more likely to like ACD as well.
To use any of the above-mentioned indicators, you'll need to download the MT4 plugin first and run the installation process. Once it's done, simply locate the indicator, then click and drag it on your chart.
Ever since its establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK.
FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.
They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client's orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better price when executed.
The total number of trades in FxPro has increased from year to year. In 2018, the number of trades achieves 53.6 million. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro.
They are committed to create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing.
Furthermore, FxPro is recognized as an innovative broker. The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Web-based versions and mobile applications are also available so that traders can access financial markets at any time and anywhere.
Traders can choose platforms according to their needs. Fans of MT4 is provided with instant execution and easy-to-use trading platform. In this account, leverage is up to 1:500 and spreads start from 1.6 pips without commissions.
If traders want to get experience with more modern technology, traders should choose FxPro MT5 Accounts. In this account, spreads start from 1.5 and leverage is up to 1:500 without commissions.
Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'. FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.
The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn't support shares, and cTrader doesn't support shares and futures.
Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.
Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit. Also, there are not many types of payment and withdrawal methods available at FxPro. Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro
Regardless of the advantages and disadvantages, FxPro can be traders' choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from $500.
Main Benefits of FxPro Trading Central
By using FxPro Trading Central, you can get the following advantages:
- Get the opportunity to spot big or small trading ideas from several indicators at the same time.
- Reduction of the time needed to analyze a large amount of data every day due to the availability of automatic level-building and trend detection.
- Get a second opinion from a reliable third-party service for a clearer sense of direction.
- Long-term trading forecasts for key pivot levels straight from MT4 and MT5 platforms.
- Hundreds of daily trading ideas for many tools that are typically hard to manage manually.
- Automatic detection of Japanese candlestick patterns on the chart.
All in all, FxPro offers a one-stop solution to improve your trade using Trading Central services. If you are a technical trader, this is a big opportunity to bring your trade to the next level.
By simply opening an account in FxPro, you can instantly access in-depth graphical analysis and various mathematical tools to confirm your forecasts and ensure the direction of your trade. All of the data, news, information, and analysis are generated by a team of trusted experts, so you don't need to worry much about accuracy.
FAQs on FxPro Trading Central
- Is FxPro Trading Central free for all users?
Trading Central has always been a premium paid service before. However, in FxPro, all users can access it completely free of charge. Simply open a trading account with FxPro Direct and get instant access to the exclusive service.
- What are other trading tools that FxPro offers?
Aside from Trading Central, FxPro also offers a handful of other trading tools. This includes Economic Calendar, Earnings Calendar, Market News, FxPro VPS, and Trading Calculator.
- Is FxPro a safe broker?
Yes, FxPro is a widely known and highly respected broker in the world. Today, FxPro operates in more than 170 countries worldwide and still growing. The broker is under the regulation of several financial authorities, including FCA of the UK, CySEC of Cyprus, SCB of the Bahamas, and FSCA of South Africa. Aside from that, FxPro also offers a high standard of safety by keeping client funds in a segregated account in major international banks and always promoting transparency.
FxPro is a leading forex and CFD broker since its establishment in 2006. The company is regulated by several top financial regulators including the UK's FCA to provide tradable instruments like oil, gold, currencies, and more CFDs with 70% lower spreads in the market.