FxPro
- Written By Forex
- Updated:
FxPro is a UK-based retail broker that offers CFD trading across eight major asset categories: forex, shares, spot indices, futures, spot metals, cryptocurrencies, exchange-traded funds (ETFs), and spot energies. The broker connects clients to top-tier liquidity providers and ensures fast trade execution through a no-dealing desk model.
This review highlights the key aspects of FxPro that traders should consider before opening an account. According to Trustpilot, FxPro holds an aggregated score of 4.3 out of 5, based on over 1,000 customer reviews. Of these, around 60% of users awarded the broker the maximum 5-star rating, while 12% gave it just 1 star.
FxPro Summary | |
Year Founded | 2006 |
Minimum Deposit | $100 |
Tradable Instruments | Forex, Indices, Stocks, Crypto, Energies, Metals, Futures, Exchange-Traded Funds (ETFs) |
Open an Account | How to Open an Account at FxPro |
Trading Costs | Spreads, Fees, and Commissions at FxPro |
Key Pros and Cons
- Key Pros
- Multiple trading platforms, such as MT4, MT5, cTrader
- A good range of useful trading tools
- Strict regulations in multiple jurisdictions
- No dealing desk (NDD) order execution
- A good selection of educational resources
- Draws liquidity from 12 reputable providers
- Segregated client accounts
- Over 2,100 tradable markets across 8 asset classes
- Reliable client support
- Tight spreads on commission-based accounts
- Zero commissions on Standard accounts
- Key Cons
- No USA clients
- PAMM accounts are available only at the offshore entity
- No social trading platform
- Charges inactivity fees
Company Information
The Introduction of FxPro in 2006
Founded in 2006, FxPro was created to give both retail and institutional clients seamless access to global financial markets. The broker equips traders with a comprehensive set of resources, including advanced trading platforms, practical tools, educational materials, and a responsive support team, all designed to make trading more efficient and informed.
FxPro is regulated across multiple jurisdictions, offering transparent pricing, reliable order execution, and competitive trading conditions. Clients benefit from no dealing desk intervention, tight spreads, zero commissions on certain products, and deep liquidity. While the minimum deposit to open an account is $100, the broker recommends a deposit of $1,000 to ensure sufficient trading flexibility.
Exponential Expansion in 2021
FxPro has expanded rapidly, serving more than 100,000 retail and institutional clients across over 170 countries. The broker operates from five global offices and employs over 500 professionals dedicated to providing reliable services to its diverse client base. Over the years, FxPro has earned more than 125 international awards, including the title of “Most Trusted Forex Broker in the UK” in 2017 by Global Brands Magazine, reflecting the high level of satisfaction among its clients.
The FxPro Group is comprised of the following corporate entities with their respective registered offices:
FxPro UK Limited is regulated by the Financial Conduct Authority (FCA) and operates from its office at 13–14 Basinghall Street, City of London, EC2V 5BQ, United Kingdom.
FxPro Financial Services Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) and operates from its office at Karyatidon 1, Ypsonas 4180, Cyprus.
FxPro Financial Services Limited is also regulated by the Financial Sector Conduct Authority (FSCA) and maintains a physical office in Cyprus.
FxPro Global Markets Limited is regulated by the Securities Commission of the Bahamas (SCB) and operates from its office at Albany Financial Center, South Ocean Boulevard, New Providence, Bahamas.
Invemonde Trading Limited is regulated by the Financial Services Authority (FSA) of Seychelles and operates from Room 2, Attic Suites, 3rd Floor, Oliver Maradan Building, Victoria, Mahe, Seychelles.
FxPro also maintains an administrative office in Monaco, located at 26 Boulevard des Moulins.
It is important to note that FxPro does not provide its services to residents of certain countries, including the United States, Iran, and Canada.
Catering to Traders Worldwide
One of the impressive features of AvaTrade is its truly global reach, which is something that will appeal to traders all around the world. Their website is configured for over 25 separate countries and regions and supports at least 20 different languages.
Multiple Industry Awards
AvaTrade has won multiple industry accolades from reputable outlets, such as The European, International Business Magazine, FXEmpire, and Daytrading.com.
Why Trade with FxPro?
Now, let us provide a quick list of the key features that we like about FxPro.
Aspect | What we like |
Regulation | Transparent broker, regulated in multiple jurisdictions, including the UK, Seychelles, the Bahamas, Cyprus, and South Africa |
Pricing | Competitive spreads and zero commissions |
Execution | Ultra-fast order execution with no dealing desk intervention. Trades are executed directly from the broker’s Ultra-low latency Equinix data center, which ensures speedy execution. Its deep liquidity allows for the best possible bid and ask prices. |
Trading | Multiple financial instruments across eight asset classes: forex, shares, spot indices, futures, spot metals, ETFs, cryptocurrencies, and spot energies. |
Platforms | Advanced trading platforms, including MT4, MT5, cTrader, and the proprietary FxPro Edge. |
Customer Support | Knowledgeable client support team who are polite and respond promptly. |
Regulation
FxPro is authorized and regulated across five different jurisdictions.
In the United Kingdom, FxPro UK Limited is licensed by the Financial Conduct Authority (FCA) under license number 509956, a highly respected regulator in the UK.
Within the European Union, FxPro Financial Services Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 078/07, recognized as one of the most trusted EU financial authorities.
In South Africa, FxPro Financial Services Limited operates under the oversight of the Financial Sector Conduct Authority (FSCA) with license number 45052.
Globally, FxPro’s operations are managed by FxPro Global Markets Limited, which is licensed by the Securities Commission of the Bahamas (SCB) under license number SIA-F184.
Finally, the broker is also authorized by the Financial Services Authority (FSA) of Seychelles, operating under license number SD120.
Below is a summary of the five licenses held by FxPro.
Flag | Region | Entity | Authority | License Number |
 | United Kingdom | FxPro UK Limited | Financial Conduct Authority (FCA) | License No. 509956 |
| EU | FxPro UK Limited | Cyprus Securities and Exchange (CySEC) | Licence No. 078/07 |
| South Africa | FxProFinancialServices Limited | Financial Sector Conduct Authority (FSCA) | Authorization No. 45052 |
| Internationally | FxPro Global Markets Limited | Securities Commission of the Bahamas (SCB) | License No. SIA-F184 |
| Seychelles | Invemonde Trading Limited | Financial Services Authority of Seychelles (FSA) | License No. SD120 |
The FCA and CySEC are renowned regulatory authorities, so we can say that the broker’s regulation status is solid.
However, CFTC regulation is absent, which means that FxPro cannot provide its services to citizens or residents of the United States.
Regulation
4/5
- Multiple regulatory authorities, including FCA, CySEC, FSCA, and SCB
- This solid regulatory background improves trust
- FCA regulation mandates a £85,000 compensation per UK customer
- No CFTC authorization
KYC Procedure for Account Creation and Depositing
Opening a live trading account with FxPro is straightforward and can be completed in just a few minutes. The broker’s account registration process follows industry-standard procedures and generally includes the following steps:
To begin, you create a secure login by entering a valid email address and selecting a password.
Next, you complete the application form by providing your personal details, including your full name, date of birth, city of residence, address, postal code, and phone number.
After providing your personal details, you select your trading account by choosing both your preferred platform MT4, MT5, or cTrader and the type of account you wish to open.
The next step involves assessing your suitability. You will need to provide information about your employment status, sources of income, and trading experience. If your responses meet the broker’s internal criteria, you can proceed to the next stage of the application. However, if any details do not align with FxPro’s requirements, your application may be declined.
Finally, you confirm your agreement with FxPro’s Terms and Conditions by ticking the designated box at the bottom of the registration form.
As part of the verification process, you submit documents to confirm your identity and residency. This includes a valid passport, national ID card, or driver’s license, along with a recent utility bill or bank statement (no older than three months) to verify your address.
While creating an FxPro account is quick and can be completed in about five minutes, identity verification may take up to 24 hours. Once your account is verified, you will need to fund it using one of the available payment methods before trading live. In the meantime, you can practice on a demo account until your live account balance is active.
Account Opening
4/5
- Quick account creation (within a few minutes)
- Signing up includes a suitability test
Account Types
FxPro provides five different live trading account options, each varying in pricing structure, execution model, and compatible trading platforms. The available account types are:
Standard MT4/MT5
The Standard account allows traders to access a wide range of financial instruments on either the MT4 or MT5 platforms. It offers competitive floating spreads starting from 1.2 pips on forex pairs, zero commissions, and instant market execution. A minimum deposit of $100 is required to begin trading. Both hedging and netting strategies are supported. On the MT4 platform, the Standard account enables trading of CFDs on currencies, metals, energies, indices, futures, and cryptocurrencies. Those interested in trading stocks and ETFs should choose the MT5 version of the Standard account.
Raw MT4/MT5 Account
The Raw account provides ultra-tight floating spreads starting from 0.0 pips, which adjust according to current market conditions. These tighter spreads are accompanied by a round-turn commission of $7 per standard lot ($3.50 per side) for major currency pairs and gold. Bitcoin trades are charged all-inclusive spreads starting at $15, while all other instruments incur no additional commissions on Raw MT4 and MT5 accounts. MT4 users can apply hedging strategies, whereas MT5 account holders have the flexibility to choose between hedging and netting.
Elite MT4/MT5 Account
The Elite account, available on both MT4 and MT5 platforms, is offered to clients registered under FxPro’s offshore entity. It shares most features with the Raw account, including a $3.50 per side commission on major currency pairs and gold, while other instruments can be traded with floating spreads and no additional commissions. The key advantage of the Elite account is access to exclusive rebates and other special perks. This account type is not available to traders based in the EU or the UK.
cTrader Account
The cTrader account is designed for use with the cTrader platform and features variable spreads with a markup, along with commission-free trading for energies, indices, and cryptocurrencies. For forex and metals, a $35 commission is applied per $1 million traded, which equates to $3.50 per side per standard lot (100,000 units). The spreads for forex and metals are tighter because there is no additional markup. This account type does not support trading stocks or ETFs.
Edge Spread Betting Account
UK-based traders can open an Edge account to participate in tax-free spread betting. This account features competitive floating spreads with a small markup set by the broker and allows commission-free trading across all available assets, including currency pairs, futures, indices, and hard commodities such as metals and energies. Spread bettors can stake amounts as low as £0.10 per position. The Edge account is compatible exclusively with the FxPro Edge WebTrader, which is reflected in its name.
Feature | MT5 Trade | MT5 Invest | MT5 Zero | MT4 Trade | MT4 Zero |
75 FX pairs | |||||
CFDs on major indices, commodities, metals, and energies | |||||
NDD Execution | |||||
Minimum account balance | $100 | $100 | $100 | $100 | $100 |
Web and desktop platforms and mobile apps | |||||
Unlimited free wire transfers | |||||
No requotes | |||||
Negative balance protection | |||||
Fully automated execution | |||||
24/7 support | |||||
Variable contract sizes (as low as 1 unit) | |||||
Joint account | |||||
Corporate account |
Islamic Account (Swap-Free)
FxPro also provides an Islamic account, a swap-free option designed for Muslim clients who cannot pay or receive swaps due to religious reasons. While this account eliminates overnight swap and interest charges, an administrative fee may still apply to trading positions. Traders can request a swap-free account by contacting FxPro’s back office team at backoffice@fxpro.com.
Demo Account
Alongside its live account options, FxPro offers demo accounts for practice purposes. These accounts allow new traders to learn how to trade and familiarize themselves with the broker’s platforms, while experienced traders can test strategies risk-free before applying them to live accounts. Customers can open multiple demo accounts at no cost, though each account expires after 180 days. Additionally, MetaTrader-connected demo accounts are limited to a maximum of 70 open positions at any given time.
Account Types
4/5
- Five major account types
- The live account options are platform-dependent
- Islamic accounts are available
- Demo account are on offer but expire after 180 days
Trading Fees and Other Costs
Before trading, it’s crucial to understand a broker’s fees and associated costs. As a CFD and forex broker, FxPro applies two main types of trading fees:
- Trading fees: spreads, commissions, and overnight financing rates.
- Non-trading costs: account management fees, deposit and withdrawal fees, inactivity fees.
Let us take a quick look at the trading fees that are available at FxPro.
Costs/fees | What is this? | At FxPro |
Spreads | The cost is incorporated into the price of what you trade. A wider bid-ask spread means higher costs. | |
Commission | A flat fee paid per position is often used as an alternative to charging via the spread. | |
Financing charges | The cost of holding a position active overnight. | The broker will not charge an extra fee on top of standard swap rates. |
Deposit fees | Fees charged by the broker to fund your account. | None |
Withdrawal fees | Fees charged by the broker to withdraw money from your account. | None |
Inactivity fees | Fees charged on dormant trading accounts. | $10 |
Spreads
FxPro earns its revenue through a combination of spreads and commissions. For the EUR/USD pair, spreads start from 1.2 pips on commission-free Standard MT4 and MT5 accounts, while Raw MT4 and MT5 accounts offer spreads from 0.0 pips, with a $3.50 commission per side on forex and gold trades. The minimum spreads available across FxPro’s account types are detailed below:
- Standard MT4/MT5: Spreads start from 1.2 pips with no commissions
- Raw MT4/MT5: Low spreads starting from 0.0 pips with a $7 roundturn commission for currency pairs and gold
- cTrader: Reduced spreads with a $35 commission per every one million units traded.
- Elite MT4/MT5: Spreads from 0.0 pips with a $7 roundturn commission for forex pairs and metals
- Edge Spread Betting: Marked-up variable spreads and $0 commission
Let us take a look at the average spreads offered on the various account types:
FxPro Average Spreads Comparison
Instrument | Standard MT4/MT5 Account | Raw MT4/MT5 Account | cTrader Account |
EUR/USD | 1.43 pips | 0.20 pips | 0.43 pips |
GBP/USD | 2.03 pips | 0.32 pips | 0.81 pips |
USD/JPY | 1.60 pips | 0.30 pips | 0.30 pips |
USD/CHF | 2.14 pips | 0.30 pips | 0.84 pips |
AUD/USD | 2.06 pips | 0.30 pips | 0.57 pips |
USD/CAD | 1.79 pips | 0.30 pips | 0.88 pips |
NZD/USD | 2.88 pips | 0.60 pips | 1.10 pips |
As the table shows, commission-free Standard accounts carry slightly higher spreads, which include a markup to cover trading costs for various currency pairs. In contrast, Raw and cTrader accounts, with a $3.50 commission per side, offer much tighter spreads.
To illustrate the difference in trading costs, let’s consider a 1 standard lot trade on the EUR/USD pair, where a one-pip movement equals $10, and assume the position is opened and closed at the same price. Using the average spreads, the resulting trading costs for the three account types are as follows:
Standard Account
- Spread – 1.43 pips
- TOTAL COST – 1.43 x $10 = $14.30 per side and $28.60 per round turn
Raw Account
- Spread – 0.20 pips
- TOTAL COST – (0.20 x $10) + $3.50 commission = $5.50 per side and $11 in total
cTrader Account
- Spread – 0.43 pips
- Spread cost – 0.43 x $10 = $4.30 per side and $8.60 per round turn
- Commission – $3.50 per side and $7.00 per round turn
- TOTAL COST – $8.60 + $7.00 = $15.60 per round turn
Thanks to tighter spreads and competitive commission fees, cTrader and Raw accounts tend to be more cost-effective.
Next, we can compare the average spreads of FxPro’s Standard account with those offered by other major brokers on the most actively traded major forex pairs.
Average Spread Comparison across FX Brokers
Instrument | FxPro | IC Markets | Fusion Markets | IG Markets |
EUR/USD | 1.43 pips | 0.86 pips | 0.95 pips | 1.00 pips |
GBP/USD | 2.03 pips | 1.03 pips | 1.03 pips | 1.66 pips |
USD/JPY | 1.60 pips | 0.94 pips | 1.04 pips | 1.12 pips |
USD/CHF | 2.14 pips | 0.99 pips | 1.13 pips | 2.15 pips |
AUD/USD | 2.06 pips | 0.83 pips | 0.97 pips | 1.01 pips |
USD/CAD | 1.79 pips | 1.05 pips | 1.01 pips | 2.46 pips |
NZD/USD | 2.88 pips | 1.38 pips | 1.03 pips | 2.70 pips |
From the table above, the average spreads offered by FxPro Standard accounts are quite higher than those offered by the big names in the industry, for example, IC Markets and Fusion Markets.
Commissions
FxPro applies a $3.50 per side commission on cTrader and Raw accounts. For all other account types, including Edge Spread Betting and Standard MT4/MT5 accounts, the broker does not charge any commissions and instead earns revenue solely through marked-up spreads.
For the commission-based accounts, the $3.50 per side charge means that:
- for a 1 Standard Lot trade (100,000 units), a trader will pay a $3.50 commission to open a position and another $3.50 to close the position, making it a total of $7.00 per round turn;
- for a 1 Mini Lot trade (10,000 units), a trader will pay a $0.35 commission to open a position and another $0.35 to close the position, making it a total of $0.70 per round turn;
- for a 1 Micro Lot trade (1,000 units), a trader will pay a $0.035 commission to open a position and another $0.035 to close the position, making it a total of $0.07 per round turn.
The $7.00 round-turn fee for a 1 standard lot trade on FxPro’s commission-based accounts is slightly higher than what some competitors charge. For instance, IC Markets applies a $6.00 commission per standard lot per round turn for Raw cTrader accounts. Fusion Markets offers an even lower rate, with a $4.50 round-turn commission on its Zero account, making it one of the most competitive options currently available in the market.
Spreads & Commissions
4/5
- Higher spreads with Standard accounts
- Tighter spreads on the cTrader account
- Average commissions of $3.50 per side
Financing Charges
A swap rate represents the overnight or rollover interest earned or paid for holding leveraged positions past the trading day. It is applied to the currency sold and received on the currency bought, and the rate is influenced by market conditions and the interest rate differentials between the two currencies in the pair.
FxPro’s institutional partners calculate daily swap rates using risk management analysis, meaning each currency pair has its own specific swap charge.
To view the swap rates for a currency position, log in to MetaTrader and follow these steps:
Locate your product in the ‘Market Watch’ window. Right-click and select ‘Symbols.’
Select the product you wish to view from the list. Select ‘Specifications’.
Here, you can view the Forex swap rates for long and short positions.
Deposit fees
Following the standard practice of brokers, FxPro does not charge any deposit fees.
Withdrawal fees
FxPro does not apply any withdrawal fees across its supported payment methods. However, transfers through international banks may incur intermediary fees, which are beyond the broker’s control. The broker also notes that customers requesting e-wallet withdrawals without prior trading activity in their accounts could be subject to additional charges.
Inactivity fees
FxPro charges an inactivity fee of $10 (or the equivalent of the account currency) after six months of inactivity.
Inactivity Fees
2/5
- A $10 inactivity charge after 6 months
Overall on Fees
FxPro provides tight spreads for commission-based accounts, while Standard accounts carry slightly marked-up spreads. Its commission fees are competitive and generally in line with industry norms. Beyond overnight financing charges, there are no extra fees, and deposits and withdrawals are free of broker-imposed costs. An inactivity fee of $10 applies if an account remains dormant for six months.
Overall, FxPro’s fee structure is reasonable and earns a satisfactory rating.
Trading Fees and Other Costs
3/5
- Relatively high spreads for commission-free accounts
- Average roundturn commissions
- No additional fees on top of the daily swap rates
- No deposit and withdrawal fees
- An inactivity fee of $10
Desktop Trading Platforms
At FxPro, all trading activities are carried out using the following trading platforms: MT4, MT5, cTrader, and the proprietary FxPro Edge.
MetaTrader 4
Launched in 2005 and used by millions of traders globally, MetaTrader 4 (MT4) remains the most popular retail trading platform. Its intuitive interface and powerful trading tools make it suitable for both beginners and experienced traders. MT4 has become an industry standard, offering all the essential features needed to analyze the forex market, place orders, and manage positions. Combined with FxPro’s competitive pricing, advanced trading infrastructure, and no-dealing-desk execution, MT4 provides excellent value for forex traders. The platform is also highly customizable, allowing users to tailor it to their trading preferences.
Key features of MT4 include:
- Charting and analysis with 30 technical indicators
- Support for the scripting and deployment of Expert Advisors (EAs)
- Chart and one-click trading
- Integration through a plug-in with Trading Central
- 24 analytical charting tools
- 3 chart types and 9 timeframes
- The ability to use trailing stop orders
MT4 can be used as a desktop application on both Windows and Mac computers, accessed through a web browser via WebTrader, or on mobile devices with the Android and iOS apps. The WebTrader version is compatible with all major browsers, including Chrome, Safari, Firefox, Opera, and Microsoft Edge.
MetaTrader 5
FxPro also offers the MetaTrader 5 (MT5) platform, which launched in 2010 as the successor to MT4. MT5 includes all the core features of MT4, while adding enhanced tools and functionalities, such as 21 timeframes and Depth of Market (DoM). Key features of the MT5 platform include:
- Level II pricing with DoM
- Detachable charts and an Economic Calendar
- Charts with 21 timeframes
- 6 pending order types
- Access to the MQL5 community
- Over 35 technical indicators
- Support for 49 different languages
- Multi-currency strategy tester
- Price alert notifications via SMS, email, and platform alerts
The MT5 trading platform is also available in a desktop, web, and mobile format.
cTrader
Besides MT4 and MT5, FxPro offers the cTrader platform, known for its intuitive interface and advanced charting and trading tools that support fast order execution. cTrader allows traders to access all available financial instruments with ease. The platform was developed by Spotware Systems Ltd, a fintech company based in Limassol, Cyprus.
Key features of the cTrader platform include:
- Advanced order types like the trailing stop and break-even stop loss
- 4 chart types, including Line, Bar, candlestick, and dots.
- Over 26 chart timeframes
- Over 55 built-in technical indicators
- Market sentiment and support for 22 languages
- Detachable charts, one-click trading, and DoM
The cTrader platform can be accessed as a desktop application on Windows and Mac, through a WebTrader version that runs in modern browsers, or via a mobile app for Android and iOS devices.
FxPro Edge
FxPro’s proprietary trading platform is primarily designed for spread betting, giving users access to hundreds of financial instruments across various asset classes, including forex, metals, energies, futures, and indices. The platform offers an intuitive, fully customizable interface, allowing traders to tailor it to their preferences. It is compatible with most desktop browsers, as well as smartphones and tablets. The mobile version is particularly useful for monitoring positions and placing orders on the go. Key features of the platform include:
- Over 50 technical indicators and 4 pending order types
- Sound price alerts
- 6 chart types, including Lines, Bars, candlesticks, High-Low-Close, Heiken Ashi, and dots
- 15 chart timeframes
- Market sentiment for major forex pairs only
- Chart and one-click trading
Desktop Platforms
4.5/5
- MT4, MT5, and cTrader are available
- There is also a proprietary trading platform
- Multiple advanced trading tools on offer
Mobile Trading Platforms
Mobile trading adds a new level of flexibility, and FxPro provides mobile versions of its proprietary trading platform so clients can trade anytime, anywhere with an internet connection. The mobile app condenses all the desktop platform’s features onto a handheld device and is available for both Android and iOS, downloadable via Google Play and the App Store.
Additionally, the broker’s third-party platforms MT4, MT5, and cTrader also have fully functional mobile versions, offering the same tools and features as their desktop counterparts. This allows traders to manage their accounts and place orders on the go without sacrificing any functionality.
Android | iOS | |
Minimum System Requirements | 10.0 and up | 16.0 and up |
User Rating | 4.4 / 5 | 4.7 / 5 |
User Reviews | 2,860+ reviews | 84 ratings |
Supported Languages | English, Arabic, Czech, Danish, Dutch, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Norwegian, Persian, Polish, Portuguese, Romanian, Russian, Simplified Chinese, and more | English, Arabic, Czech, Danish, Dutch, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Norwegian, Persian, Polish, Portuguese, Romanian, Russian, Simplified Chinese, Spanish, Swedish, Thai, Turkish, Uzbek, Vietnamese |
Forex Pairs | 70+ | 70+ |
Other Tradable Assets | Stocks, Energies, Metals, Indices, Futures, Cryptocurrencies | Energies, Indices, Metals, Stocks, Futures |
Features | One-Tap Trading, Favorite Instruments List, Push Notifications, Full-screen Charts, Economic Calendar | Economic Calendar, Push Notifications, Custom Stop & Loss Orders, Multilingual Support |
Biometric Authentication | Yes (Fingerprint Authentication) | Yes (TouchID) |
2-Factor Authentication | Yes + Passcode | Yes + Passcode |
Mobile Trading
5/5
- Third-party mobile apps for MT4, MT5, and cTrader
- A proprietary mobile app is available for iOS and Android
- The apps offer the full functionality of the desktop platforms
Trading Instruments
FxPro provides CFD trading across eight asset classes, including forex, stocks, indices, futures, metals, cryptocurrencies, exchange-traded funds (ETFs), and energies. The variety of available markets is competitive and comparable to other major brokers like OANDA and Fusion Markets.
Asset Class | FxPro | IC Markets | Fusion Markets | |
Forex | 75 | Excellent | 61 | 90+ |
Indices | 19 | Good | 25 | 15 |
Stocks | 1,800+ | Excellent | 2,100+ | 110 |
Metals | 8 | Fair | 4 | 9 |
Bonds | 6 bond ETFs | Average | 9 | 0 |
Futures | 40+ | Excellent | 4 | 0 |
Energy | 3 | Average | 5 | 3 |
Options | 0 | N/A | 0 | 0 |
Let us now take a closer look at the product list.
Forex
FxPro gives traders access to some of the most liquid global forex markets, offering 75 currency pairs that include majors, minors, and exotics. Customers benefit from tight spreads and fast, reliable order execution.
The broker uses five-digit pricing, providing more precise quotes on currency pairs. This extra digit after the pip—known as a pipette—allows for tighter spreads and more accurate pricing.
For those new to online forex trading, FxPro’s educational resources are a helpful way to learn about the forex market and understand how CFD trading works.
Stocks
A share, or stock, represents ownership in a company and is traded on centralized equity markets, which record price and volume data. Unlike the forex market, equities do not trade over the counter.
FxPro allows traders to participate in the equity markets without owning the actual shares through stock CFDs. This means you can potentially profit from both rising and falling prices while avoiding the need to hold the underlying assets.
The broker offers over 1,800 stock CFDs covering some of the largest and most popular companies in the US, UK, and beyond. Traders benefit from fast order execution and competitive trading conditions.
Futures
For traders interested in speculating on commodities, indices, bonds, or energy products, FxPro offers futures trading. Through CFDs on futures, customers can take advantage of price movements in a variety of assets, including agricultural commodities like cocoa, major indices, and energy products. Trading futures with FxPro provides a flexible way to diversify your portfolio.
Energies
Energies are among the most vital commodities worldwide, powering industries and economies. At FxPro, traders can access spot energy markets, including Brent oil, WTI, and natural gas—some of the most essential raw materials globally. You can trade these energy products through any of FxPro’s supported platforms, and if you prefer, practice your strategies risk-free using a demo account before trading with real funds.
Metals
FxPro gives traders access to the metals markets through CFDs on a variety of precious and base metals. You can trade gold, silver, palladium, copper, lead, zinc, and platinum. However, the broker does not currently provide CFDs on certain industrial metals such as tin, nickel, or steel.
Leverage levels vary depending on the metal and the trader’s location. Spot gold can be traded with leverage up to 1:100, while other precious metals allow up to 1:200, and base metals up to 1:40. For EU-based retail clients, regulatory limits under MiFID and ESMA restrict leverage on gold to a maximum of 1:30.
Indices
FxPro enables traders to access CFDs on some of the world’s most popular stock indices, including the DAX 30, Dow 30, S&P 500, FTSE 100, FTSE 250, Euro Stoxx 50, and Nikkei 225, all with competitive spreads.
Traders can speculate on the price movements of their preferred global equity indices. Index trading is particularly popular among FxPro clients due to comprehensive trading terms, accurate quotes aggregated from multiple liquidity providers, and versatile analytical tools. The broker supports all trading styles, whether scalping, hedging, swing trading, or position trading, and allows the use of any Expert Advisor (EA) compatible with the platform.
Cryptocurrencies
FxPro gives traders access to the cryptocurrency markets through CFDs on a variety of digital assets. Cryptocurrencies are decentralized, digital currencies designed to function as a medium of exchange. Trading crypto CFDs offers investors a way to speculate on price movements without owning the underlying assets, bypassing intermediaries such as governments or rating agencies. At FxPro, clients can trade popular cryptocurrencies paired with USD, similar to other brokers offering Bitcoin and crypto CFDs.
Traded Instruments
4/5
- A vast diversity of tradable assets
- Leveraged trading on various instruments
- No options CFDs
Trade Execution
FxPro clarifies that it is not an ECN or STP broker but operates as a true No Dealing Desk (NDD) broker. The company emphasizes that it does not interfere with the pricing or execution of client orders. Prices are aggregated via FxPro’s proprietary system, Quotix, which pulls quotes from over 12 liquidity providers. Trading servers are hosted at Equinix Data Centers in London and Amsterdam, close to Tier 1 banks supplying liquidity, allowing execution speeds to average around 11 milliseconds.
This setup ensures traders benefit from ultra-fast order execution without dealing desk intervention. By leveraging top-tier liquidity providers, FxPro offers institutional-level trading conditions with deep liquidity, tight spreads, and efficient trade execution.
Trade Execution
4/5
- No dealing desk (NDD) order execution
- Ultra-fast execution speeds of 11 milliseconds and low latency
- Pricing from 12 top-tier liquidity providers
Deposits
Funding an FxPro trading account is straightforward thanks to a wide range of supported payment methods. The broker does not charge any deposit fees and allows accounts to be denominated in multiple base currencies. Common options include EUR, USD, GBP, CHF, JPY, PLN, AUD, and ZAR, while clients from select countries can also open accounts in NGN, VND, THB, MYR, or IDR.
It is important to note that FxPro only accepts payments from sources in the account holder’s name. Third-party payments are not allowed, although deposits from joint bank accounts or credit cards are permitted if the account holder is one of the owners. The minimum deposit required to start trading is $100.
FxPro supports a variety of payment methods for deposits, covering both global and region-specific options.
Method | Processing Time |
Mastercard | 10 to 60 minutes |
Maestro | 10 to 60 minutes |
Neteller | 10 to 60 minutes |
Visa | 10 to 60 minutes |
Skrill | 10 to 60 minutes |
PayPal | 10 to 60 minutes |
Domestic Bank Transfer | Within 1 business day |
International Bank Transfer | 3 to 5 business days |
Broker-to-Broker Transfer | Within 1 business day |
Currently, there are no deposit bonuses available with this brokerage.
Deposits Methods
4/5
- A $100 minimum deposit
- Multiple base currencies
- No deposit fees
- A good selection of payment methods
- Deposit bonuses are unavailable
Withdrawal Methods
Withdrawing funds from your FxPro trading account is simple and can be done via the client portal. After logging in, navigate to the Funds Management section and select the Withdrawal tab. FxPro generally processes withdrawal requests the same business day, though the time for the funds to appear in your account depends on the chosen method.
The platform clearly shows minimum withdrawal amounts for each payment type. E-wallets and cards typically have no minimum, while bank transfers require at least $100. Maximum withdrawal limits are usually $50,000 for cards and $10,000 for e-wallets. Requests below the minimum may incur fees, although withdrawals above the minimum are free of internal charges.
In line with AML and CTF regulations, withdrawals must go to accounts under the same name as the FxPro trading account. Using the same method for withdrawal as was used for deposits is recommended. E-wallet withdrawals may incur extra fees if the account has no prior trading activity.
Withdrawal Methods
4/5
- No withdrawal fees in general
- Same-day withdrawal processing
- No minimum requirements for e-wallet withdrawals
Customer Support Contacts
FxPro’s customer support team is available on weekdays and can assist with general inquiries, technical issues, and account-related questions. Clients can reach the support team through multiple channels, ensuring timely and reliable assistance whenever needed.
Support Contact | Available | Response |
Live Chat | 24/5 | Less than 30 seconds |
Telephone contact | 24/5 | Within several minutes |
Email contact | 24/5 | Within several hours |
FAQs | 24/7 | On the website |
Live Chat : The live chat feature enables clients to communicate directly with FxPro’s support team in real time. Accessible via an icon in the lower-right corner of the website, clients need to enter their name and email address before typing their message. Once submitted, they are connected to a support agent who can assist with their query.
Telephone contact : Clients can reach FxPro’s support team by phone from Monday to Friday using the broker’s office numbers in different cities. Additionally, clients have the option to request a callback from the support staff for added convenience.
- Cyrpus – Tel: +357 25 969 200, Fax: +357 25 969 256
- UAE – +971 (0) 4424 3023
- The UK – Tel: +44 (0) 203 151 5550, Fax: +44 (0) 207 600 7063
- The Bahamas – +1 242 603 2222
- Monaco – +44 (0) 203 151 5550
Interestingly, the support team responds promptly when contacted via any of the above telephone numbers.
Email Contact : FxPro’s client support can also be contacted via email at support@fxpro.com . When tested during business hours, responses were received within just a few hours, demonstrating prompt and reliable service.
Get Help : FxPro maintains a detailed FAQ section that addresses common client questions on account registration, management, deposits, withdrawals, trading, and supported platforms. In addition, the broker has received several industry awards recognizing its quality of service, trading conditions, and client support.
- Best FxProvider 2021: Online Personal Wealth Awards
- Best Trading Platform 2020: Financial Times & Investors Chronicle
- Best CFD Fx Provider 2021: Online Personal Wealth Awards
Support Contact
4/5
- Amazing Live Chat experience
- Comprehensive FAQs section
- Email support is available
- Requesting a callback is an option
Research and Educational Materials
FxPro provides a wide range of educational resources to help traders improve their knowledge and trading skills. These include structured learning courses, detailed manuals for trading platforms, instructional video tutorials, and daily market updates that keep clients informed about market trends and events. Additional resources cover trading strategies, risk management techniques, and analysis tools, allowing both beginners and experienced traders to make more informed decisions.
FxPro offers a comprehensive educational section that starts with a free guide on forex basics, structured into nine distinct courses. Each course features training cards and interactive “check yourself” quizzes to reinforce learning. Topics include an introduction to financial markets, trading sessions, chart types, pips and lots, leverage and margin, price movements, and CFD trading. Beyond the basics, the broker also provides courses covering fundamental analysis, technical analysis, trading psychology, and other advanced trading concepts.
Various video tutorials on how to register an account, verify your profile, download the trading platforms, and fund your account.
Regular webinars
Ebooks on various trading topics
Research & Education
4/5
- Quality educational content
- Multiple video tutorials
- FxPro education section and press releases
Security and Money Guarantees
At Thinkforexbrokers.com, we are committed to ensuring that readers trade only with regulated online brokers, and FxPro is one of them. Our key findings include:
- Over two decades of business history and growth
- Strict regulation in multiple jurisdictions, including Cyprus and the UK
- Award-winning broker
Being regulated in multiple jurisdictions enhances the broker’s credibility. It also indicates compliance with the stringent rules of leading financial authorities, reassuring clients that their funds are secure.
Entity | Regulator | Amount covered | Negative Balance Protection |
FxPro UK | Financial Conduct Authority (FCA) | £85,000 | |
FxPro Financial Services Limited | Cyprus Securities and Exchange (CySEC) | €20,000 | |
FxPro Financial Services Limited | Financial Sector Conduct Authority (FSCA) | N/A | |
FxPro Global Markets Limited | Securities Commission of the Bahamas (SCB) | N/A |
The broker has also earned multiple industry awards from Online Personal Wealth Awards, Financial Times & Investors Chronicle, and others, including Best FX Provider 2021, Best Trading Platform 2020, and Best CFD FX Provider 2021.
Security of funds
4/5
- Strict regulation in multiple jurisdictions
- Multiple industry awards
Conclusion
After thorough evaluation, the Thinkforexbrokers.com team concluded that FxPro is a suitable option for traders who prioritize safety over the lowest trading costs. Although its spreads and commissions are not the most competitive, the broker is regulated by two tier-1 financial authorities. Key advantages of FxPro include:
- Flexible leverage
- Innovative trading technology
- Lightning-fast execution via the MT4, MT5, and other advanced trading platforms
- High liquidity from 12 LPs
- An award-winning customer service
- Free education to sharpen your skills
- Standalone and built-in trading tools
Overall
4/5
- The NDD pricing model translates into faster execution and greater transparency
- Relatively high trading costs and no non-trading fees
- A good selection of trading platforms and additional tools
- Opportunity to trade 2,100+ financial instruments across different asset classes
