Is FxPro a Good Broker?
Our Overall Verdict
FxPro is an established retail broker operating since 1999, offering multi-asset CFD trading backed by Tier-1 regulatory oversight, including the FCA in the UK and CySEC in Cyprus. The broker provides a versatile suite of platforms—comprising MetaTrader 4, MetaTrader 5, cTrader, TradingView, and its proprietary FxPro app—making it well suited for intermediate and advanced traders seeking diverse execution environments. While it supports algorithmic execution, copy trading, and raw spread accounts, standard account spreads can be relatively wide, and non-trading charges such as inactivity fees apply.
Who Should Use FxPro?
- Intermediate and advanced traders requiring diverse trading platforms, including cTrader, TradingView, and MetaTrader.
- Algorithmic traders looking for VPS hosting, FIX API connectivity, and support for Expert Advisors or cBots.
- Traders who prioritize regulatory security through Tier-1 jurisdictions like the FCA and CySEC with segregated client funds.
- Scalpers and news traders seeking no-requote Straight Through Processing (STP) and market execution.
Who Should Avoid FxPro?
- Traders looking for physical share dealing or spot exchange-traded assets rather than CFDs.
- Residents of restricted jurisdictions, including the United States, Canada, and Iran.
- Beginners looking for zero-spread standard accounts without paying higher markup on major currency pairs.
- Infrequent traders who may incur the monthly inactivity fee after six months of dormancy.
Strengths
- Regulated by top-tier authorities including the FCA and CySEC with segregated client accounts.
- Extensive platform variety including MetaTrader 4, MetaTrader 5, cTrader, TradingView, and proprietary apps.
- Supports algorithmic trading with FIX API, cTrader Open API, EAs, and low-latency VPS hosting.
- Offers raw spread account options alongside built-in cTrader Copy trading functionality.
Weaknesses
- Standard account EUR/USD average spread of 1.3 pips is higher than raw commission accounts.
- Charges an inactivity fee of $5 per month after six months of no trading activity.
- Customer support quality is rated as mixed across public feedback channels.
- Does not accept clients from jurisdictions such as the United States and Canada.
Is FxPro safe?
10/10Regulation and Licenses
FxPro operates under strict regulatory oversight across multiple prominent international jurisdictions. The broker is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under license number 509956. In the European Union, it is supervised by the Cyprus Securities and Exchange Commission (CySEC). In addition, FxPro holds regulatory licenses from the Financial Sector Conduct Authority (FSCA) in South Africa and the Securities Commission of The Bahamas (SCB). These regulatory bodies enforce strict capital adequacy guidelines, regular audits, and compliance requirements.
Client Protection
FxPro implements several safeguards to protect retail capital. Client funds are fully segregated from company operating funds and held with major international banks, ensuring that trader balances cannot be used for operational expenses or corporate liabilities. FxPro's financial records are independently audited by PwC. Furthermore, retail traders benefit from negative balance protection, guaranteeing that clients cannot lose more than their total deposits in volatile market conditions. Depending on the operating entity, eligible retail clients may also be covered by investor compensation schemes, such as the Financial Services Compensation Scheme (FSCS) in the UK offering protection up to £85,000, or the Investor Compensation Fund (ICF) in Cyprus offering up to €20,000.
Regulatory History
Founded in 1999, FxPro maintains a long operating track record within the retail CFD industry. It maintains physical offices across the United Kingdom, Cyprus, the Bahamas, and the United Arab Emirates, functioning as a non-publicly traded entity that adheres to Tier-1 regulatory reporting standards.
FxPro at a Glance
FxPro provides multi-asset CFD trading with a minimum deposit of $100 and execution via Straight Through Processing (STP). The broker supports eight base account currencies (USD, EUR, GBP, CHF, JPY, PLN, AUD, ZAR) and accommodates various trading strategies with minimum lot sizes starting at 0.01. Retail leverage is capped at 1:30 in the UK and EU, while professional and non-EU accounts can access leverage up to 1:500. Traders can choose between floating spread models on standard accounts and raw spread accounts featuring competitive per-lot commissions, all accessible through MT4, MT5, cTrader, TradingView, and proprietary mobile and desktop applications.
How Much Does It Cost to Trade With FxPro?
8/10Spreads and Commissions
Trading costs at FxPro depend on the chosen account type and platform. Standard accounts operate on a spread-only model with no added commission, featuring average floating spreads of 1.3 pips on EUR/USD, 1.8 pips on GBP/USD, 0.42 on Gold (XAU/USD), and 0.7 on the S&P 500 CFD. For clients seeking tighter pricing, the Raw+ and cTrader accounts offer raw spreads starting from 0 pips paired with a commission structure, typically $35 per million USD traded ($3.50 per lot, per side) on Forex and Spot Metals. Instruments such as indices, shares, and futures are commission-free across platforms, relying solely on floating spreads.
Other Trading and Non-Trading Fees
FxPro does not charge fees for funding or withdrawing from accounts. However, non-trading fees include an inactivity fee of $5 per month applied to accounts that remain dormant for six months. When depositing, withdrawing, or trading in a currency different from the base currency of the trading account or FxPro Wallet, currency conversion fees apply in the form of a small exchange rate markup. Overnight financing or swap fees apply to positions held past 21:59 UK time, calculated dynamically based on interest rate differentials, with triple swaps charged on Wednesdays for FX and metals, and Fridays for other instruments. Islamic swap-free accounts are available without overnight rollover fees during an initial grace period, after which administrative fees may be assessed.
What Is It Like to Trade With FxPro?
10/10Trading Platforms
FxPro provides an extensive array of trading platforms suited for different trading styles:
- MetaTrader 4 (MT4): Available on desktop, web, Android, and iOS, supporting standard automated trading with Expert Advisors.
- MetaTrader 5 (MT5): Offers advanced charting, multi-asset depth of market, and expanded technical indicators.
- cTrader: A platform focused on direct market access execution, offering advanced order types, Level II market depth, and detachable charting.
- TradingView: Integrated charting solution delivering extensive analytical tools and community-driven indicators.
- Proprietary FxPro App / FxPro Edge: A proprietary desktop, web, and mobile solution designed for streamlined order execution, account management, and spread betting for UK clients.
Execution and Trading Tools
FxPro operates using Straight Through Processing (STP) and Market Execution, delivering fast order fills without dealing desk intervention. The broker uses non-dealing desk (NDD) execution designed to minimize requotes. Dynamic leverage is applied to automatically adjust leverage relative to position size, helping manage margin risk on large trade volumes. In rapid or volatile markets, slippage can occur, potentially filling orders at prices higher or lower than requested.
Automated and Copy Trading
Automated trading is supported via MetaTrader Expert Advisors (EAs) and cTrader cBots. FxPro provides FIX API connectivity via PrimeXM for institutional and high-frequency trading setups, as well as the cTrader Open API for custom application development. To support 24/7 automated strategies, FxPro offers low-latency Virtual Private Server (VPS) hosting in partnership with BeeksFX at London Equinix data centers for $30 per month, provided free to Premium and VIP account tiers. For social trading, FxPro features cTrader Copy, which allows users to evaluate provider performance metrics and mirror strategies automatically.
What Can You Trade at FxPro?
5.6/10Forex and CFDs
FxPro offers a comprehensive selection of CFD trading instruments across global financial markets. In the foreign exchange market, traders have access to major, minor, and exotic currency pairs with floating spreads and minimum trade sizes from 0.01 lots. The broker also provides access to commodity CFDs, including spot energy and metals like Gold (XAU/USD) with an average spread of 0.42.
Stocks, Indices, Commodities and Other Markets
Beyond foreign exchange, FxPro supports an extensive selection of CFD instruments, including:
- Indices: Contracts covering major global benchmarks such as the S&P 500 (average spread of 0.7) and European indices.
- Futures: CFD futures contracts spanning commodities, indices, and financial benchmarks.
- Stocks: Over 2,100 share CFDs across major international exchanges, with extended trading hours offered on US equities.
- ETFs: Exchange-traded fund CFDs offering exposure to broad market baskets.
FxPro Accounts and Leverage
7.8/10Available Account Types
FxPro offers four primary account structures designed to accommodate different trader preferences:
- Standard Account: A commission-free account using spread markup, compatible with MT4, MT5, and proprietary platforms.
- Raw+ Account: Delivers raw spreads from 0 pips with fixed commissions of $3.50 per side per lot on FX and spot metals.
- Elite Account: Designed for high-volume traders seeking competitive tiered pricing, rebates, and dedicated support perks.
- cTrader Account: Optimized for direct cTrader market execution with raw spreads and commission-based FX pricing.
Swap-free Islamic accounts are available upon request across MT4, MT5, and cTrader, as are risk-free demo accounts for strategy testing.
Minimum Deposit
The standard minimum deposit across all live accounts is $100. Accounts can be funded in eight base currencies: USD, EUR, GBP, CHF, JPY, PLN, AUD, and ZAR.
Leverage and Margin
Retail leverage is capped at 1:30 for major currency pairs in strict jurisdictions like the UK (FCA) and the European Union (CySEC). For professional clients and accounts under the Bahamas (SCB) entity, maximum leverage reaches up to 1:500 on foreign exchange and gold. The margin call level is set at 60%, with a stop-out level of 50%, at which point the broker automatically liquidates positions to prevent further equity loss.
Depositing and Withdrawing Money at FxPro
8.2/10Deposit Options
FxPro provides a wide range of deposit methods, including Visa, Mastercard, Maestro, SEPA transfers, standard Wire Transfers, PayPal, Skrill, Neteller, Wise, Revolut, and cryptocurrency payments in Bitcoin, Ethereum, and Tether. The broker does not charge deposit fees. Credit card and e-wallet deposits are typically processed and credited within 10 minutes. Local bank transfers usually take around one business day, while international wire transfers take between three to five business days.
Withdrawal Options
Withdrawals must generally be executed using the same payment route used for deposits and include Wire Transfer, Visa, Mastercard, Maestro, PayPal, Skrill, Neteller, SEPA, Bitcoin, and Ethereum. FxPro does not charge withdrawal fees. Processing times vary by method: e-wallet transactions are usually processed within one business day, local bank transfers take one to two business days, bank wire transfers require three to five business days, and card refunds can take up to ten business days to appear on client statements.
Deposit methods
Withdrawal methods
How Good Is FxPro Customer Support?
8/10Support Channels and Availability
Customer support is available 24 hours a day, 5 days a week (24/5) to align with global financial market hours. Traders can contact the support team via Live Chat, phone (+44 (0) 20 7776 9720), or email ([email protected]). Additional messaging channels include WhatsApp, Telegram, and Facebook Messenger. Multilingual assistance is supported in dozens of languages, including English, Spanish, French, German, Russian, Arabic, Chinese, and Japanese.
Our Support Experience
The support quality at FxPro is mixed. While routine inquiries regarding basic platform access and account deposits are handled promptly through live chat, users report varying response times when dealing with complex execution disputes, transaction verifications, or back-office accounting escalations.
FxPro Research and Educational Tools
8.8/10FxPro provides a well-rounded suite of market research and educational resources suitable for developing traders. The educational library includes structured video tutorials, explanatory articles, and guides covering technical indicators, chart patterns, and risk management principles. For active market tracking, FxPro delivers daily market analysis blogs, an economic calendar highlighting major macroeconomic events, and periodic webinars. Traders can also test tools and build familiarity with platform dynamics using unlimited demo accounts.
Is FxPro Right for Your Trading Style?
FxPro for Beginners
FxPro is accessible to beginners due to its low $100 minimum deposit, educational materials, and demo account functionality. However, the wide array of advanced platforms and the 1.3 pip average spread on standard accounts may require newcomers to be diligent with their fee management.
FxPro for Day Traders and Scalpers
Day traders and scalpers benefit from FxPro's non-dealing desk (NDD) STP execution, low latency, and lack of restrictions on short-duration positions. The Raw+ and cTrader accounts provide raw spreads from 0 pips, and scalpers can execute trades rapidly without requotes.
FxPro for Algorithmic Traders
Algorithmic traders find strong infrastructure at FxPro, featuring support for MT4/MT5 Expert Advisors and cTrader cBots. Advanced setups can leverage FIX API connectivity via PrimeXM, the cTrader Open API, and low-latency London Equinix VPS hosting through BeeksFX.
FxPro for Experienced Traders
Experienced traders will appreciate the multi-platform selection, high-tier regulatory protections, dynamic leverage controls, and access to over 2,100 CFD instruments across stocks, commodities, futures, and indices.
What Do Traders Say About FxPro?
Common Positive Feedback
Traders who view FxPro favorably often highlight the broker's platform variety, appreciating the choice between MetaTrader, cTrader, and TradingView. The fast execution speeds on cTrader and Raw+ accounts receive praise from active traders and scalpers. Many users also report seamless and quick deposit and withdrawal processing when utilizing e-wallets, as well as dependable long-term stability supported by Tier-1 regulatory oversight.
Common Complaints
Conversely, negative user feedback frequently centers on spread widening during market rollover periods and high-impact news releases, which can trigger stop-loss orders. Other common complaints involve delays when processing card withdrawals or navigating strict beneficiary verification rules with the accounting team. Some users also express frustration with support response times when resolving technical execution inquiries or understanding swap and inactivity fee deductions.
Trustpilot and App Store Ratings
| Platform | Rating | Number of Reviews |
|---|---|---|
| Trustpilot | Unavailable - breach of guidelines | 751 |
| Google Play | 4.2/5 | 95218 |
| App Store | 4.4/5 | 883 |
How FxPro Compares With Other Brokers
| Broker | Minimum Deposit | Maximum Leverage | Regulation | Trading Platforms |
|---|---|---|---|---|
| FxPro | 100 | 500 | FCA, CySEC, SCB, FSCA | MetaTrader 4, MetaTrader 5, cTrader, Proprietary FxPro App, TradingView |
| Pepperstone | 10 | 1000 | ASIC, SCB, CySEC, DFSA, SCA, BaFin, CMA, FCA | Pepperstone platform, MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Tickmill | 100 | 1000 | CySEC, FCA, FSA, FSCA, DFSA | MetaTrader 4, MetaTrader 5, MetaTrader WebTrader, Tickmill Mobile App, Tickmill Trader, TradingView |
| AvaTrade | 100 | 400 | Central Bank of Ireland, CySEC, ASIC, B.V.I. FSC, FSA, FFAJ, FSCA, ADGM FRSA, ISA | MetaTrader 4, MetaTrader 5, WebTrader, AvaTrade App, AvaOptions, AvaSocial, DupliTrade |
| IG | 0 | 200 | FCA, ASIC, MAS, CFTC, JFSA, FSCA | Trading app, MetaTrader 4, MetaTrader 5, ProRealTime, TradingView |
Final Verdict on FxPro
FxPro stands out as a well-rounded CFD broker with over two decades of operational experience and solid regulatory credentials from the FCA and CySEC. Its standout feature is its comprehensive software lineup, giving traders seamless access to MetaTrader 4, MetaTrader 5, cTrader, TradingView, and proprietary mobile applications. Execution infrastructure is robust, catering effectively to algorithmic trading and scalping via FIX API, VPS hosting, and cTrader Copy. While standard account spreads are wider than those of dedicated discount brokers, the Raw+ account offers competitive raw pricing. FxPro remains a dependable choice for intermediate and advanced traders who value platform diversity, regulatory security, and multi-asset CFD markets.
FxPro FAQs
The minimum deposit required to open a live trading account with FxPro is $100 or the equivalent in your account's base currency.
Yes, FxPro is regulated across multiple jurisdictions by authorities including the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of The Bahamas (SCB), and the Financial Sector Conduct Authority (FSCA) in South Africa.
FxPro offers MetaTrader 4, MetaTrader 5, cTrader, TradingView, and its own proprietary FxPro Trading Platform and mobile app.
FxPro does not charge deposit or withdrawal fees, although currency conversion fees may apply if transactions differ from the base account currency.
FxPro offers maximum leverage up to 1:500 for professional and offshore clients, while retail clients registered under FCA and CySEC regulations are capped at a maximum of 1:30 for major currency pairs.
Yes, FxPro fully permits scalping, hedging, and news trading across its platforms, including MetaTrader and cTrader.
Yes, FxPro segregates client funds from company operational capital in separate accounts at major international banks, and retail clients receive negative balance protection.
Yes, FxPro provides Sharia-compliant Islamic swap-free accounts on MT4, MT5, and cTrader, allowing clients to hold positions without overnight rollover charges for a set grace period before administrative fees apply.
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