A solid choice for traders seeking diverse platforms and strong regulation
FxPro is a well-established broker, offering a robust trading environment suitable for both beginners and experienced traders. Its strongest advantage lies in its extensive platform selection and broad range of tradable instruments. The main compromise is the lack of transparent typical spreads for key forex pairs, which can make direct cost comparisons challenging. Overall, we recommend FxPro for traders prioritizing regulatory security and platform variety.
| Regulation | FCA, SCB, FSA, FSC, CySEC, FSCA |
| Founded | 1999 |
| Headquarters | UK (London) |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:500 |
| US Clients | Not accepted |
| EUR/USD Spread | 1.2 pips |
| Trading Platforms | MT4, MT5, cTrader, TradingView |
| Instruments | 2,100+ CFDs |
| Deposit Methods | Bank, Card, E-wallets, Crypto |
| Withdrawal Time | 1 business day (internal) |
| Customer Support | 24/5 LiveChat, Phone, Email |
| Website | fxpro.com |
Capital at risk. CFD trading involves significant risk. This may be an affiliate link.
Our Full Rating Breakdown
We evaluate brokers based on key criteria important to traders. Our scores reflect a balanced view of their offerings, from regulatory strength to the quality of their trading tools and services. We aim for objectivity in our assessments.
Is FxPro Regulated & Safe?
FxPro operates under a multi-regulatory framework, holding licenses from several reputable financial authorities. This diverse regulatory oversight offers varying levels of client protection depending on the entity you trade with. Client funds are segregated, and negative balance protection is in place for all clients, enhancing overall safety.
- Regulator
- FCA, SCB, FSA, FSC, CySEC, FSCA
- License Number
- 509956 (FCA) | SIA-F184 (SCB) | SD120 (FSA) | GB21026568 (FSC) | 078/07 (CySEC) | FSP 45052 (FSCA)
- Tier
- Tier 1 (FCA, CySEC), Tier 2 (FSCA), Tier 3 (SCB, FSA, FSC)
- Client Fund Segregation
- Yes, audited by PwC
- Compensation Scheme
- FSCS (UK), up to €20,000 (EEA/CySEC), No protection (SA, SCB)
- Negative Balance Protection
- Yes, for all clients
- Founded
- 1999
- Headquarters
- UK (London)
Always verify which regulatory entity your account falls under, as client protections and trading conditions can vary significantly by jurisdiction.
FxPro does not accept clients from the United States.
Fees, Spreads & Commissions
FxPro offers a competitive fee structure across its account types, with some accounts featuring raw spreads and commissions, while others offer wider spreads with zero commission. While the broker states spreads from 0.0 pips on its Raw+ and Elite accounts, typical spreads for major currency pairs are not explicitly published, making direct comparisons challenging against industry averages.
| Instrument | Raw+ Account | Standard Account |
|---|---|---|
| EUR/USD | 1.3 pips | 1.4 pips |
| GBP/USD | 1.5 pips | 1.6 pips |
| USD/JPY | 1.4 pips | 1.5 pips |
FxPro offers zero commission on its Standard account, while its Raw+ and cTrader accounts feature competitive commissions alongside very tight spreads.
Account Types Explained
FxPro provides a range of account types designed to suit different trading preferences and strategies. Each account offers distinct advantages in terms of spread and commission structure, allowing traders to choose based on their cost priorities. Opening an account is straightforward, with a recommended minimum deposit of $1,000 for optimal trading conditions, though a $100 minimum is accepted.
- No dealing desk intervention
- Islamic account available
- Recommended $1,000 deposit
- 0.0 pips for 90%+ of trading day
- No dealing desk intervention
- Islamic account available
- 0.0 pips spreads
- Commission rebates
- No dealing desk intervention
- Designed for cTrader platform
- Copy trading available
- Islamic account available
Account Comparison
| Feature | Standard | Raw+ | Elite | cTrader |
|---|---|---|---|---|
| Min Deposit | $100 | $100 | $100 | $100 |
| Spread From | 1.2 pips (FX) | 0.0 pips | 0.0 pips | 0.2 pips |
| Commission | Zero | Max $3.5 per lot per side | Rebates up to 21% of commissions | $35 per $1 million traded |
| Max Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| Instruments | 2,100+ CFDs | 2,100+ CFDs | 2,100+ CFDs | 2,100+ CFDs |
| Account Currency | USD | USD | USD | USD |
FxPro offers a demo account for all platforms, allowing traders to practice strategies without financial risk before committing to a live account.
Trading Platforms & Tools
FxPro provides a comprehensive suite of trading platforms, catering to a wide range of trader preferences and strategies. You’ll find industry-standard MetaTrader 4 and 5, the advanced cTrader platform, and their own FxPro WebTrader and Mobile App. This diverse offering ensures connectivity and robust tools for various trading styles, from algorithmic trading with Expert Advisors to social trading via cTrader.
Platform Feature Comparison
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) | cTrader |
|---|---|---|---|
| Platform Type | Desktop, Web, Mobile | Desktop, Web, Mobile | Desktop, Web, Mobile |
| Expert Advisors | Fully compatible | Fully compatible | cTrader Algos |
| Copy Trading | No | No | Available |
| Chart Types | Multiple | Multiple | Multiple |
| One-Click Trading | Available | Available | No |
Deposits & Withdrawals
FxPro supports a broad array of deposit and withdrawal methods, including traditional bank transfers, cards, e-wallets, and cryptocurrencies. The broker prides itself on charging zero transaction fees for all funding methods, though intermediary banks or payment providers might levy their own charges. Deposit processing times are generally fast, with most methods being instant or same business day, while withdrawals are processed internally within one business day.
| Payment Method | Deposit Speed | Withdrawal Speed | Broker Fee |
|---|---|---|---|
| Bank transfer | Same business day (SEPA/GBP); 3-5 business days (International) | Same business day (SEPA/Local); 3-5 business days (International) | Zero |
| MasterCard/Visa | Instant | Around 10 working days | Zero |
| Tether | Instant | Usually instant | Zero |
| Perfect Money | Instant | Usually instant | Zero |
| Skrill | Instant | Usually instant | Zero |
| Bitcoin | Instant | Usually instant | Zero |
| Ethereum | Instant | Usually instant | Zero |
| PayPal | Instant | Usually instant | Zero |
| Neteller | Instant | Usually instant | Zero |
Always use the same method for withdrawals as you did for deposits to avoid potential delays or issues with anti-money laundering regulations.
Education, Research & Analysis
FxPro offers a robust selection of educational and research tools, designed to support traders at various experience levels. Their educational materials cover fundamental and technical analysis, trading psychology, and a comprehensive glossary. Compared to many competitors, FxPro provides a well-rounded suite of resources, including webinars and an economic calendar, making it beneficial for traders who value continuous learning and informed decision-making.
FxPro's educational and research offerings are quite strong, providing valuable resources for traders looking to deepen their market understanding. The combination of structured learning materials and practical tools like the economic calendar and Trading Central analysis makes it particularly suitable for self-directed learners.
Frequently Asked Questions
Is FxPro a regulated and trustworthy forex broker?
Yes, FxPro is regulated by multiple authorities, including the FCA in the UK, SCB in The Bahamas, FSA in Seychelles, FSC in Mauritius, CySEC, and FSCA. It segregates client funds and offers negative balance protection, contributing to its trustworthiness.
What is the minimum deposit required to open an account with FxPro?
FxPro generally requires a minimum deposit of $100 to open a trading account. However, they recommend a deposit of $1,000 for traders to experience optimal trading conditions and flexibility.
What are the typical spreads and commissions on FxPro accounts?
FxPro’s Raw+ account offers spreads from 0.0 pips with a commission of up to $3.5 per lot per side. The Standard account has spreads from 1.2 pips with zero commission. Specific typical spreads for major currency pairs were not disclosed in our research.
What trading platforms does FxPro offer to its clients?
FxPro provides a comprehensive selection of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, its proprietary FxPro WebTrader, and a dedicated FxPro Mobile App. TradingView integration is also available.
How long do withdrawals take with FxPro and are there any fees?
FxPro processes withdrawals internally within one business day. E-wallet and crypto withdrawals are usually instant after internal processing, while card withdrawals can take around 10 working days. FxPro itself charges zero fees on all funding methods.
Does FxPro offer an Islamic (swap-free) trading account?
Yes, FxPro offers Islamic accounts, also known as swap-free accounts, for eligible clients. These accounts comply with Sharia law by eliminating swap or rollover interest on overnight positions.
Can US-based clients open a trading account with FxPro?
No, FxPro does not accept clients from the United States. Traders based in the US will need to seek brokers regulated by the CFTC and NFA.
What kind of traders would find FxPro suitable for their needs?
FxPro is suitable for traders who value strong regulation, a wide choice of trading platforms, and access to a broad range of CFD instruments. Its competitive Raw+ account appeals to high-volume traders, while its educational resources support continuous learning.
Why Choose FxPro?
FxPro is a well-established broker, offering a robust trading environment suitable for both beginners and experienced traders. Its strongest advantage lies in its extensive platform selection and broad range of tradable instruments. The main compromise is the lack…
- Regulated by FCA, SCB, FSA, FSC, CySEC, FSCA
- Offers MT4, MT5, cTrader, TradingView
- Over 2,100 CFDs including Forex, Shares, Crypto
Capital at risk. CFD trading involves significant risk.
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