Open FXPro account. Table of Contents
- How to open FXPro's Forex and CFD account?
- Invest in Global Financial Markets with FXPro
- 1. Forex currency pairs
- 2. Future CFDs
- 3. Stock Indices (Stock Indecies)
- 4. Stock CFDs (Shares)
- 5. Precious Metals (Gold, Silver)
- 6. Energy CFDs (Oils and Gas)
- 7. Cryptocurrency pairs
How to open FXPro’s Forex and CFD account?
- Go to FXPro’s Official Website;
- Click on “Register” button;
- Complete the registration form;
- Receive account information (ID, Password, etc.)
- Download FXPro MT4, MT5 or cTrader and log in;
- Make a deposit and start trading.
With FXPro, you can open an account for free within a few minutes.
To unlock all features and tools available in FXPro’s portal and platform, you may also need to submit documents (copies of your ID and proof of address).
For more information about FXPro’s accounts and required information/document, please go to FXPro’s Official Website.
Invest in Global Financial Markets with FXPro
With FXPro, you can invest in various financial markets such as Forex, Commodities, Shares, Stock Indices, Precious Metals, and also Cryptocurrency pairs.
Just by opening one trading account, you can invest in all of the above financial markets together.
In this article, we will look into each financial market’s characteristics and advantage.
1. Forex currency pairs
Trade 70+ foreign exchange currency pairs CFDs CFD products, and benefit from ultra-low spreads and fast order execution.
The most popular foreign exchange currency pairs include major global currencies, experience the highest transaction flow and liquidity.
The foreign exchange market as a whole is composed of many market types, including spot foreign exchange, futures derivatives, forward derivatives, and the CFD derivatives market, which is most popular with retail customers. All foreign exchange transactions constitute the largest and most liquid financial market, with an average daily trading volume of US$5 trillion.
The foreign exchange CFD derivatives market is composed of buyers and sellers, and the main participants are large international banks that place orders through electronic trading systems. The market is over-the-counter (not traded on any regulated exchange), so there is no uniform price. All major international banks provide their own quotations, and the spot market serves as a reference for quotations.
It is worth mentioning that the spot foreign exchange market is also an over-the-counter market dominated by large international banks.
In foreign exchange transactions, the spot price of a currency pair is affected by many factors, such as the economic outlook and geopolitical events in the region, as well as news releases that may look at the market positively or negatively.
Contracts for Differences (CFDs), allow traders to buy (go long) or sell (short) and make profits or losses by predicting price changes without actually buying or exchanging currencies.
Foreign exchange is quoted in pairs, each of which represents a global currency or economy. The first currency is called the “base” currency (that is, the currency you want to trade), and the second currency is called the “valuation” or “settlement” currency (representing the current exchange rate).
Although the foreign exchange market was only for major financial institutions and high-net-worth clients, the latest technological advances have also allowed many retail brokers to actively enter the market, and their daily trading volume now accounts for about 30%.
The foreign exchange market runs 24 hours a day, 5 days a week, and prices are affected by economic and geopolitical factors, which trigger rapid price fluctuations and increase market volatility.
2. Future CFDs
Trade global futures CFDs CFD products and experience unlimited trading opportunities.
For many traders, futures are very popular because it allows speculation on changes in the value of a range of commodities, indices and energy.
A futures contract is a transaction reached between buyers and sellers to execute a transaction at a certain time in the future at the current agreed price. The price agreed by both parties is the forward price, and the future transaction date is the settlement date.
Futures allow investors to speculate on the prices of a series of products such as agricultural products, indices, and energy products. When prices rise, they can buy low and sell high, and when prices fall, they can sell high and buy low.
3. Stock Indices (Stock Indecies)
Trade CFDs CFD products on well-known indices in Europe, Asia, and Africa.
The most popular are those indexes that combine the stocks of many large and world-renowned companies.
The index is the benchmark value of the performance of a specific market or economic industry. The value of an index represents the overall performance of all the stocks that make up it and is calculated as a weighted average.
In contrast to individual stocks, indices enable you to speculate in specific markets. For investors who want to capture the ever-changing market conditions in the economic industry, the index is particularly popular.
4. Stock CFDs (Shares)
Trade 150+ global company stock CFDs CFD products and benefit from fast order execution and dividend payment (long position holders).
Trade the stocks of large companies in the United States, Britain, France, and Germany.
Trading stock CFDs CFDs allows you to choose short or long so that you can benefit from rising and falling prices respectively. The company’s decision will also have an impact on customers who hold stocks. Customers who hold long positions will receive dividend payments, and customers who hold short positions will be deducted dividends.
Stock trading is one of the most popular investment methods. In FxPro, the broker provides stocks of many of the world’s top companies such as Apple, Coca-Cola, and Facebook (Facebook).
5. Precious Metals (Gold, Silver)
Trade spot precious metal CFDs CFD products and meet unlimited latest trading opportunities.
Trading CFD products not only refers to trading currencies, stocks and indices but also refers to trading spot precious metals. The most popular precious metals on the market are gold and silver.
Gold is the most liquid product because it is easily affected by economic and financial changes (especially the rise/fall in US interest rates). It has a high correlation with the world’s major currencies, the Euro and the U.S. dollar.
Sometimes it is negatively correlated with major currencies (for example, the euro is in an upward trend, while gold is in a downward trend). However, there is indeed a positive correlation between the Australian dollar quotation and the gold chart (for example, both are rising).
Precious metals trading is affected by seasons, market flows, and daily upward/downward trends. Generally speaking, trading decisions need to be based on economic calendar data, and it is best to follow statistics from the United States and China.
Trade Silver with FXPro
Global industry plays an important role in spot precious metals trading: silver mining companies and major silver buyers create markets for precious metals. Therefore, when predicting price trends, not only must pay attention to general high-tech and metal mining news, but also regional events. Problems in the production of precious metals or new investments by companies will cause corresponding market fluctuations. For example, the price of silver depends on the main factors of the global economy—inflation, GDP growth, refinancing interest rates, and the decisions of global central banks. During economic turmoil, the price of precious metals will rise sharply, because more and more investors want to protect their funds from the turmoil of the foreign exchange market.
In addition, experts say that silver is not an unlimited resource, which means that the price of silver will continue to rise over time. Therefore, analysts predict that the price of silver will rise further.
Generally speaking, gold and silver will have a negative impact on the rise of stock indexes, and when the stock indexes rise, the attractiveness of precious metals as “safe assets” will decrease.
Trade Platinum with FXPro
As far as platinum trading is concerned, the main factor affecting its trading value is the balance of supply and demand. Unlike gold, which is mined in the purest form, platinum and other metals only exist in the form of alloys. The reason is that the extraction and separation process is complicated and energy-consuming. Because of this, the global annual output of platinum is only about 5 million troy ounces, which is not much compared with the annual output of gold and silver. The output of gold is 17 times that of it, and the output of silver is 100 times that of it.
Although about 40% of platinum is used in automobile production, in many industries, the particularity of platinum keeps this metal in demand.
Precious Metals Exchange trading on FXPro’s platforms
The largest international trading locations for precious metals trading are London, New York, and Shanghai. The trading volume of precious metals in other regions is relatively small.
- London Metal Exchange (LME)
- The London Metal Exchange (LME) specializes in intermediate trading of non-ferrous metals. Its history is related to raw materials shipped from overseas to the UK to produce tin and copper. The exchange began with copper trading in 1877. And signed a three-month short-term contract, this is the time they arrived in the UK from Singapore and South America.
- New York Mercantile Exchange (NYMEX)
- The New York Mercantile Exchange (NYMEX) is a futures market. One of its divisions is COMEX, which is engaged in the trading of options and futures of non-ferrous metals and precious metals (gold, silver, aluminum, copper, etc.). There are approximately 15,000 metal transactions on the New York Mercantile Exchange each year.
- Shanghai Gold Exchange
- The Shanghai Gold Exchange is one of the largest precious metals trading platforms in the world. It was established in 2002 and is a non-profit organization with participation rights for Chinese companies and foreign banks. The trading of precious metals is mainly carried out through gold futures and options.
The global supply and demand of precious metals have a great impact on their prices. Therefore, as demand increases, the price of precious metals rises, and vice versa-when demand decreases, the price of spot precious metals falls. However, these effects are mainly from the long-term perspective and have not changed much in the short-term price.
When market participants are more inclined to choose so-called “safe” assets (precious metals), any major economic fluctuations caused by the gross domestic product (GDP), unemployment reports, and production activities will affect the value of gold.
China is in a leading position in the production of precious metals such as gold, copper, and aluminum. It is important to pay close attention to these data.
At the end of 2016, gold trading volume exceeded 24.3 tons. The Shanghai Stock Exchange cannot determine the global price of gold but uses quotes in London and New York.
Why trade Precious Metals with FXPro?
Trading spot precious metals allow investors to expand their investment portfolio by short or long spot gold and silver. FXPro ensures that your order can be executed at the most accurate and competitive price. Spot gold is more valuable than spot silver, but they can all reflect strong price fluctuations.
Trading spot precious metals is generally considered a safe investment method, especially when there are uncertainties in the economy. Before using a real account to start trading, we recommend that you try a demo account to try trading.
You can scroll through a real-time chart to open any precious metal page and find the actual buying and selling prices, historical performance, and asset fluctuations. This information can be used to make informed metal trading decisions.
Simply register an account to trade spot precious metals CFD CFD products on FxPro, click the ” register ” button at the top of the page, and follow the steps. You can deposit gold (support multiple online payment methods without handling fees). Before you use a real account, you can use a free demo account to trade gold.
6. Energy CFDs (Oils and Gas)
Trade Brent crude oil, WTI crude oil, natural gas, and other spot energy CFDs CFD products to diversify your investment portfolio.
Invest in the most popular spot energy sources, such as Brent crude oil and US WTI crude oil.
At FxPro, the broker provides customers with spot energy transactions, such as Brent crude oil, US light crude oil, and natural gas, which are considered to be the most important raw material resources on the planet.
Check the above products and discover the possibility of new trading opportunities in the financial market.
Energy CFDs are popular with short-term traders, especially in the case of a surge in energy consumption, because the demand increases sharply at this time. Prices are determined by the global supply and demand of physical products.
Oil is often referred to as “black gold” and is usually priced in U.S. dollars (hence the “petrodollar”), so a weak U.S. dollar usually causes oil prices to rise because product prices are directly affected by currency values.
Oil-producing countries have a huge impact on supply and prices, because they may withdraw or increase the actual amount of crude oil on the market.
For example, since the mid-1990s, the sanctions imposed by the United States on Iran have prevented Iranian oil from entering the market, widening the gap between supply and demand, and leading to higher oil prices. Another noteworthy event occurred in 2014. Due to oversupply, demand from the EU and China fell sharply. For many years, the US government has been increasing oil reserves. If these reserves are put on the market or put into local use, energy prices may fall sharply.
For short-term transactions, spot energy is a very popular choice, especially when global energy consumption is increasing exponentially. You can also use a simulated account to trade spot energy before trading with a real account.
7. Cryptocurrency pairs
Trade cryptocurrency CFDs CFD products with the world’s No. 1 foreign exchange broker and benefit from ultra-low spreads and fast order execution.
Trade the most popular asset class in the world-cryptocurrencies-including Bitcoin, Ethereum, and Litecoin.
Cryptocurrency is a digital and decentralized currency as a medium of exchange. The cryptocurrency market provides traders with a new investment method; it is not affected by intermediaries such as the government or rating agencies. Therefore, the price fluctuation of cryptocurrency is affected by many factors such as market demand and related news.
In FxPro, customers can trade cryptocurrency CFDs CFD products in U.S. dollars. Choose cryptocurrency for trading, choose to go long or short according to price trend changes.