FxPro Review
Overall, FxPro is a trustworthy and highly regulated Forex Broker that is very well-known for its competitive spreads and innovative trading tools. The Broker offers access to a Beginner Friendly Demo Account.
🛡️Regulated and trusted by FCA, CySEC, FSCA, SCB, and, the FSA
🛡️2982 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.
| 🔎 Broker | 🥇 FxPro |
| 📌 Year Founded | 2006 |
| 📍 Amount of staff | 500+ |
| ⭐ Publicly Traded | None |
| 🛡️ Regulation | FCA, CySEC, ASIC |
| 🌎 Country of regulation | UK, Cyprus, Australia |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative balance protection | ✅Yes |
| 📈 Investor Protection Schemes | FSC, FSCS, and others |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 📉 Minor account currencies | Multiple |
| 📊 Minimum Deposit | 100 USD |
| ⏰ Avg. deposit processing time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal processing time | 1-5 business days |
| 💴 Fund Withdrawal Fee | None |
| 💶 Spreads from | 0.0 pips |
| 💵 Commissions | Variable |
| 💷 Number of base currencies | 6 |
| 💳 Swap Fees | Variable |
| ⏹️ Leverage | Up to 1:500 |
| ⏺️ Margin requirements | Variable |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📊 CFDs Total Offered | 2000+ |
| 💹 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 💱 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, Credit/Debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, Credit/Debit cards, e-wallets |
| ➡️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| ↪️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Economic calendar, trading signals, charting tools |
| 🥰 Customer Support | Responsive |
| 🗯️ Live chat availability | ✅Yes |
| 💌 Support Email | [email protected] |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Twitter, Facebook, LinkedIn, Instagram |
| 📍 Languages | English, Spanish, German, French, Italian, Arabic, Chinese, Japanese |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Tutorials, articles, videos |
| 📒 Affiliate program | ✅Yes |
| 📑 IB Program | ✅Yes |
| 🗃️ Sponsor notable events/teams | ✅Yes |
| 🗄️ Rebate program | ✅Yes |
| 📌 Account Types | Standard, Raw+, Elite |
| 🅰️ Cent Accounts | None |
| 🅱️ Micro Accounts | None |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🌟 Suited to Active Traders | ✅Yes |
| *️⃣ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Overview
FxPro has been a leader in online trading services since 2006, serving both retail and institutional clients in 173 countries worldwide. The platform offers Contracts for Difference (CFDs) across six major asset classes: Forex, Stocks, Spot Indices, Futures, Spot Metals, and Spot Energy. FxPro is renowned for its access to top-tier liquidity and advanced trade execution, providing a seamless trading experience with no dealing desk intervention.
With a capital base exceeding $120 million, FxPro adheres to the highest regulatory standards. The company is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of The Bahamas (SCB), ensuring a secure, transparent, and reliable environment for traders.
Safety and Security
FxPro places a strong emphasis on client security by maintaining strict segregation of client funds from its operational capital, ensuring that all investments are held in separate accounts at reputable global banks. The company adheres to rigorous regulations set by leading regulatory authorities such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), upholding high standards of operational integrity. FxPro employs advanced SSL encryption to safeguard personal and financial data against unauthorized access. In addition, the platform offers negative balance protection, ensuring that clients cannot lose more than their initial deposit, which is especially important in volatile market conditions.
Minimum Deposit and Account Types
FxPro provides a range of account types to meet the needs of different traders. These include the Standard, Raw+, and Elite accounts, each offering unique trading conditions, features, and minimum deposit requirements. The Standard account is well-suited for beginners, offering competitive floating spreads and fast execution, with a minimum deposit of $100.
The Raw+ account caters to more experienced traders, offering ultra-tight spreads starting from zero, with a $500 minimum deposit and additional commission fees. The Elite account is designed for professional traders, offering exclusive rebates and VIP benefits, with a minimum deposit requirement of $1,000.
How To Open an Account
To register an account with FxPro, follow these steps:
Step 1: Start the Registration Process.
Begin the process by going to the FxPro website and browsing the registration page After submitting the initial form, check your email for a confirmation pin.
Step 2: Complete The Questionnaire.
You will next be prompted to complete a questionnaire about your financial knowledge and trading experience. Choose your favorite trading platform from the alternatives available.
Step 3: Meet regulatory requirements
To meet regulatory requirements, submit a clear copy of your government-issued ID or passport. You will get confirmation from FxPro after your papers have been successfully verified and your account approved.
Finally, after your account has been funded, you may begin trading by accessing FxPro’s wide variety of financial products via your preferred platform.
Trading Platforms
FxPro offers a selection of industry-leading trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and its proprietary FxPro platform. Each platform provides unique features, such as automated trading, advanced charting tools, and integration with Trading Central.
MetaTrader 4 and 5 are renowned for their user-friendliness, customizability, and extensive support for trading indicators and automated strategies. cTrader stands out with its intuitive interface and additional trading features, such as advanced take-profit and break-even stop-loss tools.
FxPro’s proprietary platform is designed for traders who prefer a simple, user-friendly interface combined with essential trading functionalities.
Fees, Spreads, and, Commissions
FxPro offers competitive fees, spreads, and commissions that vary depending on the account type and trading instruments. The Standard account features floating spreads from 1.2 pips, with no commission charges. The Raw+ account offers spreads starting at zero, with a commission of $3.5 per side for forex trades. The Elite account provides similar conditions to the Raw+ account but also includes exclusive rebates starting from $1.50 per lot.
These fee structures offer flexibility to accommodate different trading styles, with tighter spreads and lower commissions for more active traders or higher-tier accounts.
Deposit and Withdrawal
FxPro provides a range of convenient deposit and withdrawal methods to suit various preferences. Whether you prefer traditional bank wires, credit/debit cards, or modern e-wallets, the process is designed for simplicity and efficiency. Clear instructions for each method ensure that users can easily manage their funds and complete transactions quickly.
Deposits are usually processed within one business day, while withdrawals offer flexibility, allowing you to transfer funds back to your preferred payment method, whether it’s a bank wire, card, or e-wallet.
Educational Resources
FxPro offers the following educational resources:
- Nine interactive online courses geared at novices.
- Four courses explore fundamental analysis’s complexities.
- Five courses that walk traders through technical analysis topics.
- Four courses cover the mental and emotional elements of trading
Topics such as the sunk cost fallacy and the escalation of commitment are discussed, assisting traders in understanding the psychological dangers that might influence trading decisions.
Pros and Cons
| ✅Pros | ❌Cons |
| MetaTrader 4 and 5 | Basic FXPro App |
| cTrader accounts | Commissions on cTrader accounts |
| Wide Range of Trading Instruments | Withdrawal Processing Times |
| Diverse Educational Resources | Limited Advanced Content |
| Multiple Platform Options | Spread Variability |
| Flexible Leverage | Potential for Higher Risk with Leverage |
| No Deposit or Withdrawal Fees | Complexity for New Traders |
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