FxPro Review

Author By Jeffrey Cammack
Updated: November 16, 2021
Overall Rating
4.29 4.29 / 5
Rated #16 of 66 Recommended Brokers
Min. Deposit
GBP 100
Regulators
Trading Desk
Trading Cost
USD 14
Website Language
English, Polish, Arabic, Chinese, Portuguese, Japanese, Hungarian, Thai, Vietnamese, Indonesian, Malay, Swedish
Support Language
English, Polish, Arabic, Chinese, Portuguese, Japanese
AlertAccepts UK Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, cTrader and FxPro proprietary trading platform supported. FxPro Group is regulated by FCA, CySEC, FSCA, and the SCB. 77% of traders lose money with this provider.

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Summary

One of the most respected Forex brokers in the industry, FxPro is well regulated and has a much larger client base than most other brokers, with over 870 000 clients in 173 countries. FxPro offers a no-dealing desk execution model and trading on six asset classes, including Forex, shares, indices, futures, metals, and energies.  

FxPro offers five live accounts, all with a minimum deposit requirement of only 100 USD, but trading costs that are higher than other similar brokers.  Spreads start at 1.41 pips (EUR/USD) on its Metatrader accounts and 0.31 pips on its cTrader account in exchange for a commission of 9 USD round turn.  Additionally, FxPro offers very little in the way of education and market analysis materials, making it a poor choice for beginner traders.  

With full support for MT4, MT5, cTrader, and the FxPro proprietary trading platform, traders have a wider platform choice than is typically available at other brokers. FxPro allows hedging, scalping, and algorithmic trading on all platforms except its own. FxPro also offers a number of trading tools, including free access to Trading Central, a number of calculators, and a VPS service at an additional cost, which is in line with what is offered at other brokerages. 

Reviews

Regulation
111104/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111115/ 5
Deposit & Withdrawal
111115/ 5
Education & Research
1110.503.5/ 5
Assets Available
1110.503.5/ 5
Customer Service
11110.54.5/ 5
Beginner Friendly
Excellent
Bonuses
None

Account Information

Base Currencies
USD, GBP, EUR, AUD, CHF, JPY, PLN, ZAR
Number of FX Pairs
70
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Acct

Trading Conditions

Min. Spread
0.60 pips
Commission
9 USD / lot
EUR/USD
1.80 pips
GBP/USD
2.40 pips
USD/JPY
1.60 pips
Max. Leverage
30:1

Company Details

Company Name
FxPro UK Limited
Founded
2006
Office Locations
United Kingdom, Cyprus, Bahamas

Pros

  • Well regulated
  • Great platform choice
  • Tight spreads

Cons

  • Limited education

FXPro No Dealing Desk

Is FxPro Safe?

A no-dealing desk market maker, FxPro was founded in 2006 and is headquartered in London.  It has a customer base of over 870 000 clients from 173 countries and is regulated by many top-tier regulators, including the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) of South Africa, and the Securities Commission of the Bahamas (SCB). See below for a list of FxPro registered companies:

British clients of FxPro will be trading with FxPro(UK) Ltd, which is authorised by the UK’s Financial Conduct Authority (FCA). The FCA is widely held to be one of the strictest and most careful regulators in the world and FxPro in the UK can only offer maximum leverage on Forex pairs of 30:1 and is banned from offering trading on crypto CFDs. FxPro is also required to be members of the Financial Services Compensation Scheme (FSCS), covering British customer losses up to 85,000 GBP in the event of broker bankruptcy. All UK client funds are held in segregated accounts with top-tier banks and FxPro is subject to frequent audits of its finances and client operations. In addition, all UK clients have negative balance protection, meaning they can never lose more money than is held in their trading account.

FxPro has collected over 80 awards from its industry peers. Recent awards include:

  • Best Broker UK 2021 (Ultimate Fintech Awards)
  • Best FX Provider 2021 (Online Personal Wealth Awards)
  • Best Trading Platform (2020)
  • Best Broker 2014-2020 (Financial Times and Investors Chronicles Awards)
  • Best Forex Trading Experience 2018 (UK Forex Awards)
  • Best Forex Provider 2014-2018 (Investors Chronicle & Financial Times Investment and Wealth Management Awards)
  • Most Reliable Broker of the Year (Global Markets) 2018 (International Investor)
  • Most Trusted Forex Brand, UK, 2017 (Global Brands Magazine).

Taken together, the long history of responsible behaviour, the strict banking standards, the first-class international regulation, and the industry praise, we deem FxPro a trustworthy and safe broker.

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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Inactivity Fee
FCA
CySEC
FSCA
DFSA
SCB
Market Maker NDD
2006
United Kingdom, Cyprus, Bahamas
A fee up to 2.6% will be incurred if a withdrawal is requested without having traded.

Trading Fees

FxPro’s Forex trading fees are higher than other brokers.

Unlike other similar brokers that offer a range of account types with tighter spreads linked to higher minimum deposits, FxPro’s accounts all have a minimum deposit of 100 USD, and trading conditions vary based on which platform is chosen (click here for more information on FxPro’s trading platforms).  

The MT4, MT5, and FxPro Edge accounts have trading costs included in the spread, while the cTrader Account offers tighter spreads in exchange for a commission. For more details on FxPro’s trading account, click here  

In a welcome show of transparency, FxPro publishes all the spreads (including averages) and commissions associated with each account.  

FxPro’s accounts were assessed to compare the costs to those of other brokers. The costs were evaluated based on the trading fees on one lot (100 000 USD) on the EUR/USD, including the spread and commission:

Spread x Trade Size + Commission = Total Trading Cost (USD)

FxPro Accounts

As you can see from the table above, the trading costs on the cTrader Account are lower than those of the other accounts, but this is still higher than what is offered by other brokers. The trading costs of the other three accounts are built into the spread, which is much wider than the industry average.  More competitive brokers tend to have trading costs that average around 9 USD on their commission-free accounts, and around 8 USD on accounts on which commissions are charged.    

Commission Calculations

FxPro charges 9 USD (round turn) per 100,000 USD traded. If a trading account is denominated in a currency other than USD, the figure is converted to the respective currency.  The calculation is as follows:

Commission per side = Trade size in base currency x USD conversion rate X 45 USD per million USD traded x Account currency exchange rate.

For example: You are trading 100,000 GBP/JPY:

Step 1: Conversion of trade side from base currency to USD

100,000 GBP x 1.311 (GBP/USD exchange rate) = 131,000 USD

Step 2: Calculate commission charges

131,100 USD X 0.000045 = 5.90 USD

Step 3: Convert commission charges from USD to EUR (account currency)

5.90 USD / 1.1685 (EURUSD rate) = 5.05 EUR

Total round turn commission: 10.10 EUR.

FxPro Swap Rates

Another cost to consider is the swap fees that are charged for holding a position overnight. The swap is charged automatically at 21:59 (UK time) to the client account and is converted into the currency that the account is denominated in. The swap is calculated and charged once every weekday for a 1-day rollover, with the exception of Friday, when it is calculated and charged 3 times to account for the weekend rollover (Friday – Monday). 

The swap charge calculation for Forex is as follows: 

Swap = (Pip Value * Swap Rate * Number of Nights) / 10

FxPro provides a useful calculator tool to calculate all swap fees and the total costs of holding a position open overnight.

Overall, FxPro offers a variety of account choices available on a broad range of platforms, but trading costs are significantly higher than the industry average. 

FxPro Non-Trading Fees

FxPro’s non-trading fees are average compared to other similar brokers.  

FxPro does not charge any account fees, and it does not charge any deposit or withdrawal fees.  However, traders will be charged if money is withdrawn from Neteller or Skrill without having placed any trades. 

FxPro also charges an inactivity fee of 15 USD per month after 12 months of account dormancy, which is around the industry average.

Opening An Account at FxPro

FxPro’s account opening process is fully digital, fast, and hassle-free compared to other similar brokers.

FxPro excels in its account opening process.  It is straightforward, fully digital, and accounts are generally ready for trading within two hours.

Traders from the UK are eligible to open an FxPro account but will be assessed to ensure they have sufficient trading knowledge and/or experience to understand the risks associated with trading leveraged products. This is a responsible move on the part of the broker to ensure customer protection.  

The account-opening process is as follows:

  1. FxPro’s intake form requires clients to fill in their email address, name, telephone number, country of residence, and date of birth.  A confirmation pin will be sent to the listed email address.  
  2. FxPro then requires prospective traders to answer questions regarding their financial knowledge and level of trading experience. 
  3. Traders will then select a trading platform (MT4, MT5, FxPro Edge, or cTrader), default leverage, base currency, and the preferred language of communication.
  4. In order to verify their identity, individuals are required to submit a copy of their National ID or Passport with the signature page, and a copy of a recent utility bill or bank statement displaying the customer’s name and address that is not older than three months.  
  5. Following the “Account Opening Application Form,” FxPro will use the information to conduct further inquiries about prospective traders to determine their suitability.  FxPro reserves the right to conduct an assessment at any stage of the relationship with its clients.  

Compared to other similar brokers, FxPro’s account opening process is fast, generally hassle-free, and fully digital. Accounts are generally available for trading within two hours.  

Account Types

FxPro offers a wider variety of accounts than is available at other brokers, and traders can choose between instant and market execution accounts, but its trading costs are significantly higher than the industry average.  

A non-dealing desk broker, FxPro offers both market and instant execution accounts. Most trades are executed in under 14 milliseconds, with 80.48% of market orders executed at the requested price, and 9.6% at a better price, known as positive slippage. 

FxPro has five account types with varying trading costs, depending on the platform chosen (click here for more details on FxPro’s platforms).  While most brokers offer a range of accounts, some of which will be more suitable for beginners, and others for more experienced traders, this is not the case at FxPro.  

Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year.  Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. 

Accounts with lower minimum deposits and which allow trading in micro-lots are generally more suited to beginner traders. Spreads on these accounts are usually wider than those with higher minimum deposits.  FxPro offers trading in micro-lots on its MT4 instant account and offers reasonable minimum deposits of 100 USD, making it appealing to beginner traders.  More experienced traders often prefer to pay a higher minimum deposit in exchange for tighter spreads, but this is not available at FxPro.   

FxPro does, however, offer VIP Premium Accounts to selected individuals with high deposits (typically 50,000 USD or equivalent) and those actively trading large volumes. VIP clients benefit from a free VPS service and the possibility of decreased spreads/commissions (but only by a third, which is still not competitive). While this account may seem more appropriate for experienced traders, the extremely high minimum deposit requirement will likely be a deterrent to many.  

Traders can choose between four different platforms, including MT4, MT5, cTrader, and FxPro Edge, and there is an account associated with each platform. All FxPro accounts have both demo and mobile options, regardless of the platform. VIP services are available on all platforms and are triggered by larger trading volumes and deposit amounts. Stop Out levels are at 50% for all account options, minimum transactions on Forex trades start at 0.01 lots, and leverage is up to 30:1.  Hedging, scalping, and algorithmic trading are unlocked and it offers Islamic swap-free accounts.  

MT4 Account

The MT4 account is a market execution account that allows trading on forex, metals, shares, indices, energies, and futures.  Fees are included in the spreads, averaging at 1.71 pips on the EUR/USD, which is significantly wider than other brokers.  Leverage is up to 30:1, depending on the instrument, and no commissions are charged.  

MT4 Instant Account

The MT4 Instant Account is similar to the MT4 Account, except that it employs instant execution.  Fees are included in the spread, which average at 1.84 pips on the EUR/USD, and trading is offered in micro-lots. As with all instant execution accounts, traders can accept the price they are offered or receive a requote. 

MT5 Account

The MetaTrader 5 account is for those who want to use the popular trading platform’s latest generation. This account offers market execution, and variable spreads starting at 1.41 pips on the EUR/USD, averaging at 1.65 pips, which is wider than other similar brokers.  All fees are included in the spreads, and no commissions are charged.  There are no requotes, and partial fills for orders that lack liquidity.

CTrader Account

A market execution account, spreads average at 0.31 pips on the EUR/USD, and a commission of 9 USD round turn per lot traded is charged.  These trading costs are lower than those found on other accounts but are still higher than other similar brokers.  Trading is offered on Forex, metals, indices, and energies.  As with the MT5 account, the cTrader account includes no requotes, and variable spreads, but there are no stop/limit levels.

FxPro (EDGE)

The FXPro Edge Account is also a market execution account that allows for trading on all instruments (Forex, metals, indices, energies, equities, and shares).  Spreads are the same as for the MT4 market execution account, averaging at 1.71 pips on the EUR/USD, and no commissions are charged. As this account is only available on FxPro’s proprietary platform, algorithmic trading is not available.

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Account Types
Min. Deposit
Max. Leverage
Min. Spread
Commission
FxPro cTrader
USD 100
30:1
0.45
$4.50
Account Details
FxPro MT4
USD 100
30:1
1.20
None
Account Details
FxPro MT5
USD 100
30:1
1.52
None
Account Details
Islamic
USD 100
30:1
1.20
Variable
Account Details

Demo Accounts

Prospective traders can open an FxPro demo account on any of the platforms supported.  Loaded with 500,000 USD in virtual funds, demo accounts are available for all platforms.  Demo accounts are a great way to familiarise oneself with markets and practice trading strategies. 

Islamic Swap-Free Accounts

FxPro only offers Swap-free accounts for religious purposes as per the Shariah law.  In order to open an account, traders will need to provide an official document such as a Birth or Marriage certificate or an official letter from the leader of their local Muslim community.  In lieu of the interest charged on overnight positions, Islamic traders will be charged a commission of 7.50 USD per lot, but this only applies after the 8th night of trading.   

Overall, FxPro competes among the top MetaTrader brokers, offering the full suite of MT4 and MT5 platforms with multiple accounts and execution methods. The primary drawback is that FxPro’s trading costs are high, and it does not distinguish between beginners and more experienced traders.  

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
FxPro
11110.54.5/ 5
USD, GBP, EUR, AUD, CHF, JPY, PLN, ZAR
1.40 pips
USD 14
1.80 pips
2.40 pips
1.60 pips
USD 0
HF Markets
111104/ 5
EUR, USD, GBP
1.30 pips
USD 10
0.30 pips
0.30 pips
0.30 pips
USD 0
Fibo Group
111003/ 5
EUR, USD, RUR, CHF, GBP
0.60 pips
USD 6
0.20 pips
0.40 pips
0.20 pips
USD 0

FxPro Deposits and Withdrawals

FxPro’s deposit and withdrawal fees are low compared to other brokers, though FxPro charges a fee on certain withdrawal methods if no trading has occurred.

A well-regulated broker, FxPro ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source.  No matter your deposit method, the withdrawal of all profits must be made by bank transfer to a bank account in your name.

FxPro offers the following deposit and withdrawal methods:

  • Bank Wire Transfer
  • Credit Card/Debit Card (Visa/Mastercard)
  • Bank transfer
  • UnionPay
  • PayPal
  • Neteller
  • Skrill

There are no deposit or withdrawal fees for bank transfers and credit cards; however, be aware that the sender’s bank may charge according to its own fee structure.  

Clients are not charged a fee for withdrawals via e-wallets such as Skrill and Neteller, but there are conditions:

  • Skrill: a fee of up to 2.6% will be charged if a withdrawal is requested without having traded.
  • Neteller: a fee of up to 2% will be charged if withdrawal is requested without having traded.

Deposits by credit card/debit card and e-wallets are instant but can take several days via bank transfer.  Withdrawals are processed by FxPro within one working day, but may take a few days to reach your account. 

Overall, FxPro provides a decent range of deposit and withdrawal methods, and its fees are low compared to other similar brokers.

FxPro Base Currencies (Trading Account Currencies)

Compared to other brokers, FxPro offers a wide range of base currencies and offers GBP trading accounts for British traders who want to avoid conversion fees.

Accounts can be denominated in the following base currencies: USD, EUR, GBP, CHF, PLN, AUD, JPY, and ZAR

This is good for UK residents who will likely have bank accounts denominated in GBP and will have the option of avoiding conversion fees.  Conversion fees can make trading expensive, and are usually not presented on the fee report, but affect your profitability. A GBP account also means your trading funds will be kept in British bank accounts, making deposits and withdrawals by bank transfer faster.

However, it should be noted that for traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made.

FxPro’s Trading Platforms

With support for MT4, MT5, cTrader, and the FX Pro Edge, FxPro offers a wider range of platforms than most other brokers.  

MT4, MT5, cTrader are considered some of the best trading platforms in the industry. While MT5 is a newer and upgraded version of the MT4 platform, the MT4 platform remains the industry standard.  For beginners, MT4 and MT5 can be tricky to set up, but there are numerous guides in both text and video format to guide you through this process. cTrader is more beginner-friendly and needs fewer tweaks to optimise it for Forex trading, but there is less guidance freely available on the internet.  The FxPro proprietary platform integrates seamlessly and provides an interactive economic calendar.  See below for more details on each platform:

MetaTrader 4

MT4 is widely recognised for its trade execution speeds, charting tools, and customisability and it is available in many languages. The benefit of using a third-party platform such as MT4 is that traders can use the platform should they choose to migrate to another broker.  Traders can also trade on a variety of CFDs, including Forex, metals, cryptocurrencies, and stock CFDs. Other features of MT4 include:

  • Four types of order execution, including Market, Limit, Stop, and Trailing Stop orders.
  • Superior charting tools in nine timeframes
  • 30 technical indicators
  • 23 analytical objects
  • Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. 
  • Backtesting capabilities
  • Dedicated customer support

MetaTrader 5

The MT5 trading platform is being adopted by more Forex brokers all the time. It has a more modern interface, allows for an unlimited number of charts to be used, shows Depth of Market, and has a built-in Economic Calendar. It also has a larger number of pending order types than MT4 and features an embedded chat system. In addition, the MQL5 scripting language is more efficient than its precursor, and MT5 has more advanced charting tools than MT4.  Features of MT5 include:

  • 12 timeframes
  • 38 built-in indicators
  • 37 graphical objects
  • Six pending order types
  • Multi-threaded strategy tester

FxPro cTrader

Developed by Spotware, cTrader is fast becoming one of the most popular platforms used by traders.  It provides an added level of market analysis and access to full market depth on a fully customisable user interface.  Alongside superior order execution with no dealing desk intervention, it provides one of the industry’s most innovative trading experiences.  Features include 55+ preinstalled technical indicators, 6 chart types and 28 timeframes, level 2 Depth of Market, no restrictions on stop/limit levels, detachable charts and linked charts, advanced order protection, market sentiment, integrated Economic Calendar, and the ability to add custom cBots and indicators. 

cTrader is also one of the most beginner-friendly platforms, with an intuitive interface and clean design.  

FxPro cTrader

FxPro Edge

The FxPro Platform is a great option for those who wish to conveniently manage their funds and trade the full range of CFD asset classes directly from the FxPro App, without having to install any other applications.  It offers 50+ technical indicators and charting tools, detachable chart windows, useful trading widgets, a customisable layout, and  6 chart types with 15 timeframes.  The FxPro platform is generally easier to use and set up than the Metatrader platforms, but lacks algorithmic trading and doesn’t have the execution speeds of MT4/5.  Additionally, unlike cTrader, the FxPro trading platform does not offer access to full market depth.

Overall, FxPro’s trading platform support is one of the best in the industry. In addition to its excellent Metatrader offering, it provides cTrader and a proprietary platform that are generally easier to set up and use.

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Broker
Platform Choice
Copy Trading
Platforms
FxPro
111115/ 5
FxProEdge

FxPro’s Mobile Trading Platforms

FxPro’s mobile trading platforms are average when compared to other similar brokers

All of FxPro’s trading platforms are available on both Android and iOS mobile devices and tablets. As with the web trading platform, traders can choose from multiple languages. Although there is slightly limited functionality compared to the desktop version of the platform, with reduced timeframes and fewer charting options, traders will still have access to analytics with technical indicators, graphical objects, and a full set of trading orders.  

MetaTrader Mobile Trading

The MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move. 

cTrader Mobile Trading

The cTrader mobile app carries over most of the best parts from the desktop version, including the complete range of order types, price alerts, trade analysis, and symbol watchlists. Chart types have been reduced to 4 however.

FxPro Mobile Trading

FxPro mobile app is an integrated trading platform with an interactive economic calendar that allows traders to open and manage accounts, deposit and withdraw funds, and provides volatility push notifications.  

Overall, FxPro’s mobile trading support is about average when compared to other brokers, with no additional support or apps apart from the trading platform’s own mobile applications.

Trading Tools

FxPro’s trading tools are average compared to other similar brokers, but it provides access to Trading Central and a VPS service. 

FxPro’s suite of trading tools includes access to Trading Central, a VPS service at an extra cost, an Economic Calendar, and various calculators.  

Trading Central

Trading Central is provided free of charge to all FxPro clients.  A third-party tool, Trading Central’s professional analysts use the most advanced technical analysis tools in the industry to gather all of the comprehensive and in-depth information. Their decisions are based on building price corridors and resistance levels, digital and graphical indicators for various classes, as well as recognizing candlestick patterns. This tool essentially supports traders without the technical know-how in making trading decisions. This dynamic product suite is available to traders through the MT4/MT5 platforms.  Trading Central is considered one of the best trading tools in the industry, and FxPro does well to offer this tool to its clients.

VPS

The FxPro Virtual Private Server (Forex VPS) enables you to upload and run your MT4 Expert Advisors and cAlgo Robots 24 hours a day, without needing to keep your trading terminal running.  Available at 30 USD per month, FxPro’s VPS services are provided by a third-party, Beeks FX VPS.  VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges.

Economic Calendar

FxPro provides a good economic calendar, which helps traders plan their trading based on economic reports due to be released, previous economic events, consensus forecasts, and estimated volatility.

Trading Calculators

FxPro offers various calculators which help traders to calculate commissions, the margin required, and the total costs of their trades.  

Overall, FxPro provides an average selection of tools compared to other similar brokers, and its VPS services are available at an extra cost.  

Financial Instruments

FxPro provides an average number of assets compared to other similar brokers but offers over 70 currency pairs. 

FxPro offers a range of financial instruments for CFD trading (click here for more details on CFD trading), including Forex, futures, indices, shares, metals, and energies.  FxPro generally offers fewer instruments to trade compared to many international brokers, but it does offer a wider range of Forex pairs than is generally available at other brokers:

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Financial Instrument
Number of Assets
Leverage
Energies
N/A
N/A
Stock CFDs
134
25:1
Forex
70
200:1
Futures
20
50:1, traders can access leverage of up to 100:1 on energy futures
Indices
19
200:1, traders can only access leverage of up to 50:1 on cTrader
Metals
7
200:1 on gold and silver, 50:1 on platinum
  • Forex: FxPro has over 70 currency pairs available for trading, including majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and USD/ZAR), and exotics. The leverage on Forex pairs is up to 30:1.
  • Share CFDs: FxPro offers 134 share CFDs, which is limited compared to other brokers. However, the selection available includes some of the major US companies, including Mcdonald’s, Adobe, Mastercard, and Facebook, among others. Leverage on share CFDs is up to 5:1.
  • Futures: Futures are limited in scope compared to other brokers, with 20 Future CFDs available for trading. Maximum leverage on all futures is up to 20:1, but traders can access leverage of up to 10:1 on energy futures.
  • Indices: Also limited compared to other brokers, there are only 19 indices available at FxPro. The most popular indices are those that combine the shares of some of the largest and globally acknowledged companiesLeverage is up to 20:1 on indices.  
  • Spot Metals: FxPro offers trading on 7 spot metals, including gold, silver, and platinum.  Leverage is up to 1:20 on gold and silver, but 1:10 on platinum.
  • Spread betting: FxPro offers spread betting to residents of the UK. Spread Betting is a flexible and tax-free way to trade financial instruments including Forex, Shares, Spot Indices, Spot Metals, and Spot Energies. Spread Betting is a form of derivatives trading, which means you aren’t taking ownership of the underlying asset. You open a position based on whether you think the value of an instrument will rise or fall. If the asset price moves in your favour, you profit, if it goes against you, you incur a loss.

Overall, FxPro offers a limited selection of financial assets compared to other similar brokers, but it excels in its Forex offering.

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Fx Pairs
CFD Investments
70
Forex
Indices
Metals
Stock CFDs
Energies
Futures

FxPro for Beginners

FxPro is one of the largest and most respected brokers in the industry and, as such, is an excellent choice for new traders – it now offers 24/7 customer support.  However, FxPro provides a limited selection of educational and market analysis materials compared to other brokers.  Materials are presented in written and video formats. 

FxPro’s Educational Content

FxPro provides a limited selection of educational materials compared to other similar brokers

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Broker
Beginner Course
Advanced Course
FxPro
HF Markets

FxPro offers a publicly available education library, including Forex education, technical analysis, fundamental analysis, and trading psychology. While there is little structure or depth to the material, the information is accurate. 

Educational resources include a series of articles covering the basics of forex trading, which is limited, but helpful for beginners. It also offers a few resources for advanced traders, such as Fundamental Analysis 2.0. Its videos cover topics such as Trade Habits, Currency Pairs, and Market Players.

FxPro online webinars take place several times a week and can be attended live by registering an account. Webinars will also be uploaded to its YouTube channel to be watched at a later time. The webinar subjects vary from trading strategies to technical and fundamental analyses.

Overall, FxPro’s education section is limited and provides little support for beginners or advanced traders.  

Analysis Material

FxPro offers a limited selection of market analysis materials compared to other similar brokers.  

FxPro offers a variety of news resources, including a market overview curated by its in-house team of analysts.  Materials are updated daily, and the news blog supports readers with commentary, analysis, and daily stories related to future market movements and trading opportunities. However, other large international brokers offer regular commentary in video format, which is not available at FxPro.

FxPro also provides extensive technical analysis available in written format.  The technical analysis section is updated multiple times per day, and these are comprised of short articles. Additionally, FxPro offers an economic calendar and a bank calendar so that traders can plan their trades.  

Overall, FxPro’s market analysis is not as comprehensive or in-depth as what is offered at other large brokers.

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Broker
Autochartist
Trading Central
Trading View
FxPro
HF Markets

Customer Support

Global support is available 24/7, from a multilingual team at FxPro offices worldwide. This is exceptional for an industry where the norm is 24/5. Support is available in 18 languages, via email, live chat, a request call-back service, and a local telephone number. Support teams at FxPro are available to help with technical and account-related questions but, as with all regulated brokers, cannot offer investment advice. 

We found the live chat support responsive, polite, and quick to provide relevant answers. 

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the FxPro offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

FxPro Risk Disclosure

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. FxPro would like you to know that: Trading CFDs carries a high level of risk and may not be suitable for all investors. Please ensure that you understand the risks involved as you may lose all your invested capital. 77% . Past performance of CFDs is not a reliable indicator of future performance. Most CFDs have no set maturity date, and a CFD position matures on the date an open position is closed.

Overview

FxPro is a well-regulated non-dealing desk market maker broker with a large international customer base that heavily promotes the accolades it has received over the years. 

FxPro offers five live accounts on a wider range of platform choices than is usually available at other brokers, but its trading costs are significantly higher than the industry average.  

An open approach to education is a part of FXPro’s marketing strategy, but account-holders should not expect in-depth or well-structured materials. That said, customer support is accessible and responsive, a real benefit for beginners with many questions.   

Overall, FxPro is a dependable choice for traders looking for a strong, traditional and safe broker.

AlertAccepts UK Clients. Average spread EUR/USD 1.40 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5, cTrader and FxPro proprietary trading platform supported. FxPro Group is regulated by FCA, CySEC, FSCA, and the SCB. 77% of traders lose money with this provider.
  • Ivan says:

    In my opinion, FxPro is a trustworthy and solid broker. As for me conditions they provide are quite comfortable and reasonable. Good client service. Fast platform. Adequate commissions and quite tight spreads.

  • Xavier says:

    I have been trading for several years. I had accounts with five different brokers. At the moment I have only an account with FxPro because it is the best for me.

  • Dorian says:

    Overall a good broker. They’ve got really professional customer service which made everything easy for me. And the conditions are quite competitive.

  • Niang says:

    I rate this company an 8 on a 10 point scale. It’s reliable and very easy to deposit and withdraw money. They provide very professional customer support in many different languages. I few issues with the platform. It’s not perfect, but one of the best I’ve ever worked on. Also, they offer a very good spread.

  • Luan says:

    Nice broker with a good trading environment. There are various types of accounts and platforms. Fxpro offers a lot of different trading instruments. Spread here is quite low, fast execution, good analytics. Never had problems with the transactions.

  • Andrew says:

    A good broker and I have no problems with them. I’ve been trading here for 3 years now. They never have issues with money withdrawal and their platforms are fast and very user-friendly.

  • Scroll for more detailsPreviousNext
    Overall Rating
    Min. Deposit
    Regulation
    Trading Desk Type
    Trading Instruments
    Forex Pairs
    Crypto Pairs
    Pros
    Cons
    Regulation
    Trading Conditions
    Trading Platforms
    Deposit & Withdrawal
    Education & Research
    Assets Available
    Customer Service
    % Lose with this broker
    Leverage
    Spread
    Hedging
    Scalping
    Account Types
    Islamic Acct
    Trading Platforms
    Funding Methods
    Trading Commission
    11110.54.29/ 5
    GBP 100
    FCA Regulated Forex Brokers
    CySEC Regulated Brokers
    Financial Services Conduct Authority
    DFSA Regulated Forex Brokers
    Securities Commission of the Bahamas
    Market Maker NDD
    Forex
    Indices
    Metals
    Stock CFDs
    Energies
    Futures
    70
    5
    • Well regulated
    • Great platform choice
    • Tight spreads
    • Limited education
    111104/ 5
    11110.54.5/ 5
    111115/ 5
    111115/ 5
    1110.503.5/ 5
    1110.503.5/ 5
    11110.54.5/ 5
    77% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0.60 pips
    FxPro cTrader
    FxPro MT4
    FxPro MT5
    Islamic
    FxProEdge
    Bank Transfer
    Visa
    Mastercard
    Maestro
    Skrill
    Neteller
    Unionpay
    9 USD / lot
    11110.54.15/ 5
    GBP 100
    FCA Regulated Forex Brokers
    DFSA Regulated Forex Brokers
    Financial Services Conduct Authority
    CySEC Regulated Brokers
    Market Maker
    Commodities
    Cryptocurrencies
    Forex
    Indices
    Metals
    Stock CFDs
    Energies
    Bonds
    0
    0
    • Well regulated
    • Excellent market analysis
    • Copy trading accounts
    • Limited base currencies
    111104/ 5
    111104/ 5
    11110.54.5/ 5
    11110.54.5/ 5
    111115/ 5
    1110.503.5/ 5
    111104/ 5
    69.03% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0.10 pips
    Hfcopy
    Premium
    Zero Spread
    Bank Transfer
    Visa
    Mastercard
    Skrill
    Neteller
    6 USD / lot - ZERO Spread Account
    1110.503.50/ 5
    GBP 0
    CySEC Regulated Brokers
    Bundesanstalt für Finanzdienstleistungsaufsicht
    Finansinspektionen
    British Virgin Islands Financial Services Commission
    Financial Services Commission
    Market Maker NDD
    ECN/DMA
    Forex
    Cryptocurrencies
    Commodities
    Indices
    Metals
    48
    9
    • Great platform choice
    • Low minimum deposit
    • Limited education
    1110.503.5/ 5
    111003/ 5
    111115/ 5
    100001/ 5
    1110.503.5/ 5
    111104/ 5
    111104/ 5
    58% of retail investor accounts lose money when trading CFDs with this provider
    30:1
    0.20 pips
    cTrader NDD
    MT4 Cent
    MT4 Fixed
    MT4 NDD
    MT4 NDD No Commission
    MT5 NDD
    Bank Transfer
    Visa
    Mastercard
    Skrill
    Neteller
    WebMoney
    Fasapay
    PerfectMoney
    6 USD / lot

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