FxPro broker trading platforms: a guide to MT4, MT5, cTrader, and the FxPro platform
In the fast-paced world of online trading, your platform is your cockpit. It’s the interface through which you analyse, execute, and manage your trades. FxPro stands out by offering not one, but four distinct trading platforms, catering to a diverse range of traders, from beginners to algorithmic experts. But with such choice, how do you decide which one is right for you?
Let’s break down the unique personality and strengths of each platform available through FxPro.
The FxPro platform: the streamlined in-house solution
This proprietary platform is built for traders who believe in clean, uncluttered analysis and decisive manual execution.
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Deep dive on strengths:
- Analytical powerhouse: With 50+ built-in indicators, it surpasses both MT4 and MT5 out-of-the-box. This means less time searching for and installing custom indicators and more time analyzing price action. The inclusion of Heiken Ashi and HLC & dots chart types provides alternative views of the market that are essential for many price-action methodologies.
- Integrated workflow: The presence of an integrated economic calendar and detachable charts means you don’t need to have three different browsers open. You can create a self-contained trading station, which is excellent for focus and efficiency.
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Understanding the limitations:
- The “no trailing stop” mystery: This is a significant omission for a manual trader. It forces you to manage trades more actively, which can be a double-edged sword. While it prevents “set and forget” carelessness, it also means you can’t automate a key risk-management technique.
- Automation desert: The “N/A” for coding language means Expert Advisors (EAs) are not supported. This platform is a sanctuary from automated trading, designed purely for the human touch.
Ideal for: The pure chartist, the news trader using the economic calendar, and anyone who prefers to manually execute and manage every trade without algorithmic interference.
FxPro MetaTrader 4 (MT4)
MT4 is more than a platform; it’s an institution. Its strength isn’t in its native features but in the colossal ecosystem that has grown around it.
➡ Why MetaTrader 4 is still popular: pros and best FX brokers
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Deep dive on strengths:
- The MQL4 kingdom: The MQL4 coding language is the secret. Over a decade of development has resulted in an unimaginable library of free and paid EAs, scripts, and indicators. If you can imagine a trading strategy, someone has likely already coded it for MT4. The ability to add custom indicators means the starting count of “30” is almost irrelevant.
- Universal familiarity: Its simplicity is legendary. Every bug has been found, every workaround is documented in forums, and every broker supports it. This makes it the most stable and well-understood platform available.
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Understanding the limitations:
- A platform showing its age: The lack of an integrated economic calendar, non-detachable charts, and only 9 timeframes can feel restrictive. You’ll find yourself using external tools to compensate, breaking the flow of your trading.
- The sentiment gap: In an era where retail sentiment is a valuable data point, MT4 offers none.
Ideal for: The algorithmic trader deeply invested in the MQL4 community, the beginner who wants access to thousands of free tools, and the trader who values proven stability over modern bells and whistles.
FxPro MetaTrader 5 (MT5)
MT5 was built from the ground up to be more than just a forex platform. It’s a multi-asset powerhouse that addresses the core limitations of its predecessor.
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Deep dive on strengths:
- Expanded analytical toolkit: The jump to 21 timeframes is not trivial. It allows for micro-analysis of trends and entries that are impossible on MT4. The 6 pending order types (including Stop-Limit and Buy Stop-Limit) provide much greater flexibility for advanced order entry strategies.
- A professional coding environment: MQL5 is a significantly more powerful and faster language than MQL4. It supports object-oriented programming and more complex calculations, making it suitable for sophisticated trading robots. The integrated economic calendar and detachable charts create a much more modern and efficient workspace.
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Understanding the considerations:
- Ecosystem lag: While growing fast, the MQL5 library is still a fraction of the size of the MQL4 library. Some veteran EA developers have been slow to port their products over.
- Not just an update: It’s crucial to understand that MT5 is not a updated MT4. It’s a different platform, and EAs from MT4 are not compatible.
Ideal for: The trader who has outgrown MT4’s limitations, the multi-asset trader (stocks, futures), and the algorithmic coder looking for a more powerful and modern programming environment.
FxPro cTrader
cTrader is the challenger that rethinks the entire trading platform paradigm. It prioritizes transparency, speed, and a visually intuitive experience.
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Deep dive on strengths:
- Unmatched charting and execution: The 26+ timeframes, including niche types like Tick, Range, and Renko, make it a technical analyst’s dream. This is the only platform on the list that offers such granularity natively. Coupled with 55+ indicators, the analytical depth is superior.
- Sophisticated order management: This is cTrader’s killer feature. Beyond a standard trailing stop, it offers “Advanced Take Profit and Breakeven Stop Loss” functionality. This allows for automated, rules-based trade management that is far more nuanced than simply trailing a stop by a fixed amount.
- Market sentiment and C#: The built-in market sentiment provides a crucial contrary indicator. Furthermore, using C# for automation (cBots) opens the door to a vast pool of professional developers and libraries beyond the trading world.
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Understanding the considerations:
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The C# Hurdle: For a trader only familiar with MQL4, C# can feel like a new language to learn, which has a steeper initial learning curve.
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Ideal for: The day trader and scalper who need every charting advantage, the trader who relies on sophisticated order management, and the professional programmer who wants to use a widely-adopted language like C# for their algorithms.
FxPro platforms: which one to choose?
Your choice should be a deliberate one, based on your primary trading identity:
- You are “the analyst”: Your focus is purely on the charts. You want the most indicators and chart types without coding. → Choose the FxPro Platform.
- You are “the automator”: Your edge is in your algorithm. You want access to the largest existing library of EAs and a familiar coding environment. → Choose MetaTrader 4.
- You are “the modernist”: You need more tools than MT4 offers and are building your algorithmic strategies for the future. → Choose MetaTrader 5.
- You are “the professional”: You demand the best charting, advanced risk management, and the power of a professional coding language. → Choose cTrader.
With FxPro, you don’t have to compromise. You can test each platform with a demo account, allowing you to find the environment where your strategy truly comes to life. In the markets, your edge is everything, and the right platform is the whetstone that sharpens it.
FxPro review
Having established the exceptional quality and variety of its platforms, it’s clear that FxPro has built its entire service around trader empowerment. Founded in 2006, FxPro has cemented its position as a prominent global CFD and forex broker, serving clients in over 170 countries. But what does this mean for you in practice?
The core FxPro advantage:
- Extensive asset selection: With access to over 2,100+ instruments across forex, shares, indices, metals, energy, and cryptocurrencies, your strategic opportunities are vast, all accessible from a single account.
- Unparalleled platform choice: This is FxPro’s defining feature. The ability to seamlessly switch between MT4, MT5, cTrader, and the FxPro Platform from one account is a level of flexibility unmatched by most competitors. It allows you to match the tool to your strategy perfectly.
- Strong regulation and security: Regulated by top-tier authorities like the UK’s FCA and CySEC in the EU, FxPro offers peace of mind. Client funds are segregated in reputable banks, and negative balance protection is standard for retail clients.
- Transparent and competitive pricing: FxPro provides clarity with two main pricing models: all-inclusive spreads or raw spreads plus a commission. This allows traders to choose the cost structure that best suits their volume and style, with no hidden fees on deposits or withdrawals.
- Superior execution: FxPro operates on a No Dealing Desk (NDD) model, facilitating ultra-fast order execution without conflict of interest, which is crucial for scalpers and algorithmic traders.
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