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FxPro Review

Broker Information Security Popularity Payment Spec Instruments Score
Security A
Popularity C
Payment A
Spec A
Instrument A
A
C
A
A
A
score 77
FxPro
  Regulation 100
FCA
CySEC
FSC (Mauritius)
FSCA
Dubai
  Security 100
Segregated accounts
Negative balance protection
Established more than 10 years
Compensation scheme
  Instrument 100
Forex
Indices
Crypto
Index
  Platform 100
MetaTrader 4
MetaTrader 5
cTrader
  Payment 100
Credit/debit card
Crypto
PayPal
Neteller
Skrill
UnionPay
Wire
  Features 100
PAMM
Webinar
Copy trading
Education
Affiliate
Automated trading
Manage
Vps
  Spec 100
Islamic account
Hedging
Scalping
Leverage more than 1:500
Low spread eur/usd
Swap

💲 Min Deposit $100

Year Established 2006

💼 Regulation

💡 Min Position 0.01 lot

🌐 Website fxpro.com

🌎 Country United KingdomCyprusSouth AfricaUnited Arab Emirates

Max Leverage 1:10000

👨‍💻 PAMM

📁 Segregated accounts

📊 MAM

📖 Free education

Negative balance protection

Compensation scheme

Low spread eur/usd

Copy trading

Webinar

🕋 Islamic account

🗺 Vps

FxPro is a well-established broker since 2006. FxPro has headquarters in United Kingdom, Cyprus, South Africa and United Arab Emirates. FxPro to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by FCA 509956, CySEC 078/07, FSCA 45052, DFSA (Dubai) F003333 and FSC (Mauritius).

In its over 22-year history, FxPro has established itself as a trusted name in the industry, having executed hundreds of millions of orders with precision. With a company capital of €100,000,000 and a Tier 1 rating, FxPro boasts a solid financial foundation.

Offering four trading platforms and over 2,100 financial instruments, FxPro ensures a diverse range of options for traders.

With an average execution time of less than 13 milliseconds and the capability to execute up to 7,000 orders per second, FxPro provides ultra-fast execution, supported by low-latency data centre co-location.

Here are more reasons why you need to trade with FxPro:

  • The company has received over 110 international awards and sponsors nine global events, showcasing its commitment to excellence.
  • 7,800,000+ client accounts in more than 170 countries - and they are still growing.
  • FxPro offers top-tier customer service, providing 5-star support to its clients. With support available 24/5, traders can access assistance whenever they need it: live chat support, request a call back, and email communication.

Extensive Review

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.

Account Information

Apart from the forex demo account, this broker offers Standard Account, Raw+ and Elite. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FxPro is up to 1: 10000 Meanwhile, you can open an account with a starting capital of $100.

FxPro offers three types of accounts:

Standard Account

The Standard Account requires an initial deposit of $100 and offers Pro-Powered leverage. For FX trading, spreads for major currency pairs like EURUSD, GBPUSD, and USDJPY start from 1.2 pips, with an average spread of 1.5 pips.

When trading Gold, spreads start from 25 cents, with an average spread of 30 cents. Similarly, for Bitcoin trading, spreads start from $30, with an average spread of $40. The trade size starts from 0.01, and the margin call/stop out levels are set at 25%/20%.

The Standard Account could be suitable for beginners, given its relatively low initial deposit requirement and the availability of Pro-Powered leverage. However, beginners should carefully consider the charges and costs associated with trading, such as spreads.

Raw+

The Raw+ account requires an initial deposit of $500 and provides Pro-Powered leverage. For FX trading, charges are $3.5 per side in addition to raw spreads, which start from 0 pips for major currency pairs like EURUSD, GBPUSD, and USDJPY, with an average spread of 0.2 pips. When trading Gold, charges are $3.5 per side plus raw spreads starting from 10 cents, with an average spread of 15 cents.

Similarly, for Bitcoin trading, charges are $3.5 per side plus spreads starting from $15, with an average spread of $20. The trade size starts from 0.01, and the margin call/stop out levels are set at 25%/20%. The platform available for trading is MT4/MT5.

The Raw+ account is best suited for experienced and advanced traders who are comfortable with higher initial deposit requirements and are seeking access to raw spreads with the added benefit of Pro-Powered leverage.

Given the charges of $3.5 per side in addition to the raw spreads, this account is more suitable for traders with a solid understanding of trading costs and who engage in frequent trading activity

Elite

The Elite account, requiring an initial deposit of $30,000 within 2 months, offers Pro-Powered leverage for traders seeking advanced features and capabilities.

For FX trading, charges are $3.5 per side. Like Raw+ account, in Elite, you can also enjoy the promotion of raw spreads, which start from 0 pips for major currency pairs like EURUSD, GBPUSD, and USDJPY, with an average spread of 0.2 pips. When trading Gold, charges are $3.5 per side plus raw spreads starting from 10 cents, with an average spread of 15 cents.

Similarly, for Bitcoin trading, charges are $3.5 per side plus spreads starting from $15, with an average spread of $20. Rebates start from $1.5 per lot, trade size starts from 0.01, and margin call/stop out levels are set at 25%/20%.

The Elite account is tailored for experienced and high-net-worth traders who are looking for advanced features and capabilities in their This account is designed for traders who have a substantial capital base and are seeking access to Pro-Powered leverage.

The account's pricing structure suggests that it is best suited for traders who are actively engaged in frequent trading activity and are comfortable with higher trading costs. The availability of raw spreads starting from 0 pips for major currency pairs indicates that the Elite account caters to traders who prioritize tight spreads and low latency execution.

 

pin

Min Deposit

$100

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Max Leverage

1:10000

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Spread

Variable

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

Margin Call 25%

Stop Out 20%

📉 Scalping

🤖 Expert Advisors

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pairs, FxPro also offers some instruments you would like to trade on, such as Forex, Futures, Indexes, Metals, Energies, Crypto and Indices for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard Account account, FxPro specifically provides it with the following instruments and leverage:


Forex

Forex
1:10000

Futures

Futures
1:200

Indexes

Indexes
1:20

Metals

Metals
1:200

Energies

Energies
1:200

Crypto

Crypto
1:500

Indices

Indices
1:500


💲 Min Deposit $500

💡 Min Position 0.01 lot

🔢 Spread Variable

Margin Call 25%

Stop Out 20%

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pairs, FxPro also offers some instruments you would like to trade on, such as Forex, Futures, Indexes, Metals, Energies, Crypto and Indices for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Raw+ account, FxPro specifically provides it with the following instruments and leverage:


Forex

Forex
1:10000

Futures

Futures
1:200

Indexes

Indexes
1:20

Metals

Metals
1:200

Energies

Energies
1:200

Crypto

Crypto
1:500

Indices

Indices
1:500


💲 Min Deposit $30000

💡 Min Position 0.01 lot

🔢 Spread Variable

Margin Call 25%

Stop Out 20%

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pairs, FxPro also offers some instruments you would like to trade on, such as Forex, Futures, Indexes, Metals, Energies, Crypto and Indices for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Elite account, FxPro specifically provides it with the following instruments and leverage:


Forex

Forex
1:10000

Futures

Futures
1:200

Indexes

Indexes
1:20

Metals

Metals
1:200

Energies

Energies
1:200

Crypto

Crypto
1:500

Indices

Indices
1:500

Payment Methods

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

FxPro also provides payment with UnionPay, Tether (USDT), Ethereum, Crypto and Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.

Hereby, FxPro offers you MetaTrader 4, MetaTrader 5, FxPro Platform and cTrader.

  • MT4: Forget clunky interfaces - MetaTrader 4 (MT4) is the go-to platform for serious forex traders.  It's packed with features to chart, analyze, and trade currencies. Plus, FxPro pairs their MT4 with top-notch infrastructure, and competitive pricing, and lets you execute orders directly, without any shady middleman. This combo makes FxPro's MT4 a force to be reckoned with in the world of online forex trading.


  • MT5: If you loved FxPro's MT4 platform, you'll adore the MT5. It builds on the strengths of its predecessor, offering everything you need to conquer the financial markets.  This user-friendly platform lets you customize it to match your trading style. Plus, power users will love the advanced features for building their trading robots (Expert Advisors) and exploring new tools. FxPro's MT5 is a clear winner for traders who crave flexibility and control.



  • FxPro Platform: FxPro offers a powerful platform that lets you trade and manage your account seamlessly. The FxPro app keeps everything in one place: manage accounts, funds, and trades – all on your mobile device for ultimate convenience. Prefer a desktop experience? The web platform provides easy access to your FxPro EDGE Accounts directly from your browser. Plus, you can customize the interface and use advanced trading widgets to tailor your trading experience. FxPro caters to both on-the-go traders and those who prefer a traditional setup.


  • cTrader: FxPro just slashed its commissions to a record-low $35 per $1 million traded on cTrader. That means you can enjoy even tighter spreads on currencies and metals. This combination makes FxPro's cTrader platform a game-changer for cost-conscious forex traders seeking an innovative trading experience.

For a deeper explanation and comparison of FxPro's trading platforms, you can read about it here.

 

Customer Support

Do you have any question or find any trouble related to FxPro? If you do, you should reach FxPro's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Czech
German
English
Spanish
French
Hindi
Hungarian
Indonesian
Italian
Japanese
Korean
Malay
Polish
Portuguese
Russian
Thai
Urdu
Vietnamese
Chinese

Office Support

Email Support

Call Support

Chat Support



FAQ About FxPro

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FxPro is a good broker for you or not by reviewing the criteria. In general, FxPro provides trading service in Forex , Futures , Indexes , Metals , Energies , Crypto and Indices . As for the payment methods, you can choose between PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Crypto, Ethereum and Tether (USDT). The customer support is available via Email, Phone, Callback, Live chat and Office.


The starting capital in FxPro is $100.


FxPro is regulated by FCA 509956, CySEC 078/07, FSCA 45052, DFSA (Dubai) F003333 and FSC (Mauritius). A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


FxPro is a brokerage company offering trading services for clients since 2006 with offices in United Kingdom, Cyprus, South Africa and United Arab Emirates.



FxPro News
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FxPro offers a two-time deposit bonus program of up to 100% for all its clients. Maximize trading potential with converted credit bonuses into account balance.
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FxPro has completed moving its offices to Bay Square, Dubai, to strengthen its presence with more clients in the greater Dubai region.
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FxPro announced a new partnership with Latvian professional MMA fighter Aleksandr Chizov ahead of the semifinals of the PFL European Lightweight.
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FxPro has opened a new office in Dubai, United Arab Emirates as a part of the company's ongoing expansion plans.
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FxPro has added cryptocurrency CFD, such as Bitcoin, Ethereum, and Ripple, in its cTrader account with low spreads to attract crypto traders.
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Testimonials
Spain
A Aquilino Bosque
Account Number: (8628xxx)
May 9 2024
 
This account has been very useful to my trading skills... More
Luxembourg
S Stephan
Account Number: (8447416xxx)
May 8 2024
 
FxPro is a top-notch broker that I would recommend to... More
Romania
A Adrian
Account Number: (964337216xxx)
May 8 2024
 
I've had a great experience with FxPro. The platform is... More
United Kingdom
J Joshua Moore
Account Number: (7408xxx)
May 8 2024
 
I can't understand the term customer-friendly broker. We are all... More
Croatia
L Luca
Account Number: (6854743xxx)
May 7 2024
 
FxPro has been my broker of choice for forex trading.... More
Netherlands
M Marcell
Account Number: (855573xxx)
May 7 2024
 
I've been trading with FxPro for a few months now... More

6 Comments

O

Oberto Moretti

Mar 16 2023

platform comparison is an appealing feature in case the broker offers several trading platforms.
due to the table I found ta the website, I realized that cTrader is far better than bored MetaTrader software.
FxPro supplies me with everything I require. Swift platforms, instant execution, absence of dealing desk intervention executing orders, and all of this stuff is certainly crucial for me.

J

Josef Lehner

Jun 29 2023

@Oberto Moretti:

I understand the appeal of the cTrader, but I much more prefer the MTs, the MT5 in particular which I find just as versatile and functional as the cTrader but it remains easy to use.

B

Blaise Kaplan

Mar 25 2023

The broker provides great opportunities for beginners. In spite of the fact that it is a solid company, novice traders can feel comfortable using the broker's services. It is an advantage!

K

Kony Radov

Jul 26 2023

FxPro offers a wide range of analysis tools to traders, including technical analysis, news updates, and economic calendars. These comprehensive resources enable traders to make informed decisions and stay up-to-date with the latest market trends and economic events.

M

Mario

Nov 3 2023

I was new to trading when I started with FXPro, but their supportive team and educational content made the learning curve much less steep.

G

Gregorio N.

Mar 17 2024

I started using FXPro this year and what has kept me going is the platform's effectiveness in terms of speed and transparency. Everything I needed to know could be found on the website or the customer support team would reply to me very quickly and also the speed at which I was carrying out transactions is something I know I can not part away with! I mean when I was making my first withdrawal, to be honest, I was scared, I thought I would not get my money on time but fortunately for me I received my funds and many other funds after that!! I am truly grateful I chose this broker. :-)