TradingPro Review: All You Need To Know!

Trading Pro broker Introduction

Trading Pro was founded in 2017, It is a multi-asset forex broker that gives its customers access to a wide range of instruments that can be traded, such as forex, index, precious metal, oil, cryptocurrency, and equity. The broker is based in St. Vincent and the Grenadines and is regulated by the Financial Sector Conduct Authority (FSCA).

Trading Pro offers clients, a choice of two platforms, the popular MetaTrader 4 and the newer MetaTrader 5. With these platforms, traders can place orders, manage accounts, chart prices, and conduct technical analyses. Leverage is available up to 1:2000.

The broker offers multiple base currencies and there are no deposit or withdrawal fees. The minimum deposit is $1, and the minimum withdrawal amount is $10. Trading Pro offers 24/7 multilingual customer support via email, phone, and live chat. There is no inactivity fee charged to clients.

Trading Pro provides a secure and reliable broker service with competitive trading conditions for forex traders and other market traders.

Broker's safety information

This forex broker is regulated by the Financial Sector Conduct Authority (FSCA) in St. Vincent and the Grenadines. It is committed to giving its customers a safe and private place to trade.

All customer funds are kept in separate accounts, and the broker follows the highest industry standards. This includes protecting customers from phishing, cyberattacks, and theft.

Furthermore, Trading Pro enforces KYC (Know Your Customer) procedures to protect clients' personal information. KYC helps to maintain the integrity of the trading environment and to ensure that all customer's funds are kept safe.

The broker has also put in place AML (Anti-Money Laundering) policies and procedures. Making sure that they meet the latest legal and regulatory requirements. AML provides that all customers' financial activities are within the law and that illegal funds are not used in trading.

All deposit and withdrawal methods are highly secure and are protected by the latest SSL encryption technology. They've partnered with top-tier banks and payment processors to ensure the safety of customer funds.

Fees details

This forex broker does not charge deposit or withdrawal fees. The minimum deposit is $1, and the minimum withdrawal amount is $10. However, traders might need to pay third-party handling or international wire transfer fees, depending on their chosen method of payment.

Trading Pro does not charge inactivity fees or hidden costs and offers competitive spreads on all trades. The commissions on specific instruments are also very competitive, starting from $3 per lot.

The broker charges swap fees if the positions remain open overnight. The fees vary depending on the instrument being traded, but they are generally relatively low. There are no account maintenance fees or any other hidden costs.

Overall, the fee structure of Trading Pro is competitive and traders should find the costs to be reasonable. For any query regarding account and fees, contact the customer support team for more information.

Spreads fee

The spread structure is very cheap for forex traders. This is because the broker has flexible spreads on big currency pairs like EUR/USD and USD/JPY that start at 0 pips. The spreads on exotic pairs and commodities are also fairly priced.

In addition to the spreads, Trading Pro offers low commissions on instruments such as CFDs, stocks, commodities, and indices. Commission fees start from $3 per lot and vary depending on the instrument you're trading.

The floating spreads structure lets traders take advantage of the market movements and make better-informed trading decisions. The spreads fee of this multi-asset broker is transparent, and the costs are very reasonable.

Swap fees

Forex and other market traders need to pay a swap fee when their positions remain open overnight. The swap fee will depend on the instrument that is being traded and the direction of the trade.

Swap fees can be beneficial if you're trading in the same way as the interest rate or harmful if you're trading against it. The swap fees can also vary depending on market conditions and the broker's policy.

In addition, the broker also offers swap-free accounts to traders that wish to avoid overnight rollover costs. Such accounts are ideal for Islamic traders as they comply with the Sharia Law.

Deposit and withdrawal methods

TradingPro offers many ways to deposit and withdraw money, such as Visa, Mastercard, Walaopay, FasaPay, Paytrust, Virtual Account, and PromptPay. All methods have their respective minimum deposit limits, but the broker does not charge additional fees.

For Visa and Mastercard, the minimum deposit is $100, while for Walaopay, FasaPay, and Paytrust, it is $10. The minimum amount for Virtual Account and PromptPay is $23 and $100 THB respectively.

The minimum amount for withdrawal using Visa, Mastercard, and Crypto is $100. For Walaopay it’s $15, FasaPay - $10, Paytrust - $15, PromptPay - 300 THB, and Dragonpay 2500 PHP.

The withdrawal process is also straightforward and secure. The broker uses SSL encryption technology to ensure the funds are secure and compliant with AML regulations. They also offer 24/7 customer support for payment assistance.

As the broker has implemented KCY, traders need to pass the KYC (know your customer) process to make deposits and withdrawals. It is a standard one-time procedure and takes only a few minutes to complete. To learn more about deposit and withdrawal methods, click here.

Available tradable markets

This multi-asset broker allows you to trade various instruments like forex, index, precious metal, oil, cryptocurrency, and equity. All the instruments are available for trading on the MetaTrader 4 and MetaTrader 5 platforms with real-time market data and execution. Let's dive into all tradable markets in detail:

CFDs on forex

Trading Pro offers more than 50 major and minor currency pairs for trading. The spreads are competitive with the average bid-ask spread on the EUR/USD and other major pairs starting from 0.0 pips. The leverage available for trading CFDs on forex is up to 1:2000.

The available leverage on this platform is highly competitive and helps traders to maximize the potential of their trading strategies.

Some popular major currency pairs you can trade are EUR/USD, USD/JPY, GBP/USD, AUD/USD, CAD/USD, and more. In addition, traders also have access to minor and exotic currency pairs like EUR/NZD and USD/SGD.

Forex traders have MT4 and MT5 trading platforms to use for their trades. These platforms offer various features like charting tools, indicators, automated trading, etc. Traders can access advanced trading features like one-click trading and hedging as well.

CFDs on indices

Traders have access to multiple indices from around the world. The spreads start at 0.00 pips, and the available leverage is up to 1:2000. Some popular indices you can trade are S&P 500, Nikkei 225, DAX 30, and more.

Traders also have access to US500, JP225, UK100, AUS200, and other indices. The broker offers good trading conditions and low spreads, so traders can capitalize on trading indices.

Indices trading is ideal for investors looking to diversify their trading portfolio. Investors can access indices from different markets and capture price movements with the help of CFDs.

CFDs on precious metals

CFDs on precious metals like gold, silver, and palladium are also available for trading. The spreads start from 0.00 pips on the XAU/USD pair with a leverage of up to 1:2000. Traders can trade gold and other precious metals with no additional commission and fast execution speeds.

Precious metals trading allows traders to exploit these markets' price movements. As the prices of gold and silver are highly volatile, investors can capitalize on short-term market movements to make profits. Traders can use MT4 and MT5 trading platforms for their precious metals trades.

CFDs on oil

Oil contracts are also available for trading with Trading Pro. The spread starts from 0.00 pips on the Brent crude and West Texas Intermediate oil contracts. The leverage for oil trading is up to 1:2000. Oil trading is ideal for traders looking for higher liquidity.

Traders can use the MT4 and MT5 trading platforms to access these oil contracts with real-time pricing. In addition, as the commissions are lower and spreads are tight, traders can maximize their trading potential with Trading Pro.

CFDs on cryptocurrencies

Cryptocurrency trading is a popular trend in the trading industry. Trading Pro offers traders access to multiple cryptocurrency CFDs with competitive spreads and no additional commission.

Some popular cryptocurrencies you can trade are Bitcoin, Ethereum, Litecoin, and Ripple. The leverage on Trading Pro is up to 1:2000 which allows traders to maximize their trading potential. However, cryptocurrency trading is highly volatile, so investors are advised to be cautious when trading these digital assets.

CFDs on equity

Equity CFDs from multiple markets worldwide are available for trading on Trading Pro. The spreads start from 0.00 pips, and the leverage is up to 1:2000. Investors can use this platform to access various stocks like Amazon, Apple, Microsoft, Facebook, and more with real-time pricing.

Trading Pro also offers ETFs which are ideal for diversifying your trading portfolio. ETFs allow traders to access the stock market without buying and selling individual stocks. These are low-risk investments that can be used to diversify your trading portfolio and manage the risks more effectively.

Leverage details

Traders can use leverage up to 1:2000 on Trading Pro when trading forex, indices, precious metals, oil, and cryptocurrency. Higher leverage can be risky, so investors are recommended to use leverage cautiously.

For example, if you're trading CFDs on forex with a leverage of 1:50 and $650 in your trading account, your total trading capital will be $32,500. If the market moves 10% against you, your entire trading account will be wiped out. So always use leverage carefully to minimize potential losses.

Leverage can be a useful tool for experienced traders to maximize their profits, but it should always be used cautiously. Compared to other brokers, Trading Pro offers one of the highest leverage in the industry, but traders are advised to use it wisely.

Negative Balance Protection (NBP)

Negative balance protection prevents traders from losing more than their initial investment in the event of drastic market movements. Trading Pro offers NBP to protect its clients' trading accounts and ensure the losses do not exceed the trading capital.

In case of extreme market volatility, the platform will close all opened positions before the losses exceed your trading capital. It prevents traders from losing more money than their initial investment.

In addition, Trading Pro has implemented other features like price alerts, stop loss and take profit orders to ensure that the trades are executed effectively. NBP is a useful feature for traders who are concerned about the risks associated with trading.

Available trading platforms

MetaTrader 4

MT4 is one of the most popular trading platforms available on Trading Pro. It is suitable for all types of traders from beginners to experienced professionals. It offers access to advanced trading tools and features like real-time pricing, charting tools, order types, etc.

The platform is available for both Windows and Mac operating systems. It is also compatible with mobile devices, so traders can access their accounts on the go. For forex traders, MT4 is the ideal platform to analyze and execute trades.

MT4 also offers Expert Advisors (EAs), which allow traders to automate their trading strategies. This is useful for those who need more time to monitor the market regularly. The platform also allows traders to customize their trading environment according to their preferences.

MetaTrader 5

MetaTrader 5 is a powerful platform with advanced features and tools. It offers access to various markets like Forex, equity indices, gold, oil, and more. The platform supports multiple order types and comes with built-in risk management tools like stop loss, take profit, and trailing stops.

It also provides real-time pricing information and customized charting tools. Some of the key advanced features of MT5 include multi-currency hedging, Expert Advisors, and a built-in economic calendar. The platform is available on both desktop and mobile devices.

MT5 is ideal for experienced traders as it offers access to a wider range of markets and advanced trading tools. Moreover, it allows traders to analyze the market more deeply and execute their trades with greater precision.

Available trading accounts

Micro

Trading Pro offers a micro account for those who want to start trading with a lower initial deposit. The minimum deposit required is just $1, and traders can trade CFDs on 57 currency pairs. The maximum leverage offered is 1:2000, and the spread begins at 1.6 pips.

The stop-out level is 10%, the minimum order amount is 0.10, and the smallest step is 0.01. This account is good for beginners, because it lets them trade on the foreign exchange market without putting a lot of money at risk.

Rookie

The Rookie account is designed for new and experienced traders looking for more flexibility in their trading. The minimum deposit is $1, and the spread starts from 0.0 pips. The maximum leverage offered is 1:2000, and traders can trade on 50+ CFD currency pairs.

The stop-out level is 30%, and the minimum order volume is 0.01 with a minimum step of 0.01. The Rookie account is also suitable for those who want to test and experiment with different trading strategies, as it allows them to use hedging and scalping techniques. Swap-free account is also available on this account.

Pro

The Pro account comes with a minimum deposit of $10, and the spread starts from 1.6 pips. The maximum leverage offered is 1:2000, and traders can trade on 50+ currency pairs. The stop-out level is 20%, and the minimum order volume is 0.01 with a minimum step of 0.01.

Major currencies accepted for deposits are USD, GBP, EUR, AUD, and CAD. This account is suitable for experienced traders who want to take advantage of advanced trading tools and features such as Expert Advisors, risk management tools, customizable charting tools, real-time pricing information, and more.

ScalpX

The ScalpX account is designed for experienced traders who want to trade forex with ultra-low spreads. The minimum deposit required is $50 and the spread starts from 0.0 pips. The maximum leverage offered is 1:2000, and traders can trade on 151 currency pairs, precious metal, oil, index, and equity.

ScalpX is ideal for those who want to take advantage of ultra-low spreads, as the minimum order volume is 0.01 with a minimum step of 0.01. The stop-out level is set at 30% and swap-free accounts are also available.

Expert

With a minimum deposit of $200, the Expert account offers access to 151 currency pairs, precious metals, commodities, indices, and equity. The spread starts from 0.0 pips, and there is a commission of $3 per lot. The maximum leverage offered is 1:500, and the stop-out level is 30%.

The minimum order volume is 0.01 with a minimum step of 0.01, and all trading strategies are allowed on this account. Traders can also open a swap-free account and take advantage of several advanced trading tools.

How to open an account?

Follow these quick steps to open a Trading Pro account:

• Go to the website and click on "Register."
• Enter the mandatory details, including name, email, date of birth, and country of residence.
• Select your trading account type and leverage.
• Choose your deposit method and currency.
• Enter your investment amount and click on 'Open Account.'

Tools

Traders have access to all tools available within MT4 and MT5 trading platforms. These include advanced order types and risk management tools, flexible charting options, real-time pricing information, automated trading strategies, and more. In addition, traders can access tools like the economic calendar to get the latest news and announcements from the financial market.

Social trading

Trading Pro also offers a social platform that allows traders to connect with other successful traders and follow their strategies. The platform is easy to use and provides real-time analysis of top traders' performance. For social trading, the broker offers four accounts — Copy Cent, Copy Micro, Copy Pro, and Copy ScalpX.

The minimum deposit starts from $1, and the spread starts from 0.0 pips. There is no commission on trading, and the maximum leverage offered is 1:2000. The stop-out level is set at 30%, and swap-free accounts are also available. The maximum order volume is 200, and the minimum order volume is 0.01 with a minimum step of 0.01.

PAMM

Trading Pro also offers a PAMM account which allows professional money managers to manage funds of not only their own but also of other traders. The minimum deposit required to open a PAMM account is $50, and the spread starts from 1.6 pips. The maximum leverage offered is 1:2000, and traders can trade on 50+ currency pairs.

The stop-out level is 20%, and the minimum order volume is 0.01 with a minimum step of 0.01. There is no commission on trading, and the maximum order volume is 200. The margin call level is 50%, and the maximum position is 200.

Customer support

Trading Pro is committed to providing world-class customer support to its traders. The broker offers 24/7 multilingual support through phone at +4402032894388, email at support@tradingpro.com, and live chat.

In addition, there is an FAQ section on the website that answers some basic questions related to trading and account opening. Their customer support team is responsive and knowledgeable and always available to assist traders with their queries.

Trading Pro review in a nutshell

Trading Pro is a regulated broker with a wide range of tradable instruments, competitive spreads, and trading conditions. It provides access to MT4 and MT5 trading platforms and a social trading platform. The minimum deposit is $1, and the maximum leverage is 1:2000.

In addition, traders can also access a PAMM account, with the minimum deposit required being $50. Overall, Trading Pro is a reliable broker offering a wide range of services and trading tools to its traders.

FAQs

What is the minimum deposit?

The minimum deposit is $1 for their Micro account.

What is the maximum leverage offered by them?

The maximum leverage offered is up to 1:2000.

Does it offer a demo account?

No, the broker does not offer a demo account as of now.

How do I open an account with this broker?

You can open an account by filling out the online registration form on the broker's website.

What platform does the broker support?

The broker supports MT4 and MT5.

What are the spreads at this broker?

The spreads available at Trading Pro are floating, starting from 0.0 pips.

What is the minimum trade size?

The minimum trade size is 0.01 lots.

How to contact their customer support?

You can contact customer support 24x7 by live chat, email, and call.

Does this broker support crypto trading?

Yes, users can trade a wide range of cryptocurrencies with this broker.

What are the deposit methods at this multi-asset broker?

The deposit methods include Visa, Mastercard, Walaopay, FasaPay, Paytrust, Virtual Account, PromptPay, and Dragonpay.

What are the withdrawal methods available with this broker?

The withdrawal methods are similar to the deposit methods, including Visa, Mastercard, Walaopay, FasaPay, Paytrust, Virtual Account, PromptPay, and Dragonpay.

Do they offer educational content?

They offer various educational resources, including an economic calendar and an FAQ section.

Can US residents open accounts at this broker?

No, US residents cannot open accounts with this broker.

How can I change my password?

You can change your password by logging into your account and going to the "Profile" section. Then, click on the "Change Password" button.

What account types do they offer?

The broker offers five accounts — Micro, Rookie, Pro, ScalpX, and Expert.