Forex Broker

  • Company name: FxPro Financial Services Limited
  • Founded: 2006
  • Offices: UK, Cyprus, South Africa
  • Regulators: FSCA No.45052, FCA, CySEC
  • Broker type: Pure STP

Trading info

  • Min. Deposit: £100
  • Leverage: 500:1
  • Min. Spread: 0.6 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard
  • Currency pairs: 70+

Trading platform

  • Platform: MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge
  • Web based: Yes
  • Mobile: Yes

Open Account

8.5 FXScouts
  • FSCA Regulated
  • $100 minimum deposit
  • Negative balance protection
  • No dealing desk execution
  • Very secure deposit and withdrawal features
  • Mobile platform version
  • Hedging allowed
  • The “platforms within a platform” features can be complicated for beginners
  • Occasional platform freezes reported

Probably the most respected Forex broker in the industry by looking at the overflowing trophy case, tough regulation from the FCA, CySEC and South Africa's FSCA, and over 870,000 client accounts in 173 countries. FxPro is a powerhouse in the industry and respected for their standing among traditional brokers.

With MT4, MT5, cTrader and browser-based platform, a reasonable $100 opening deposit, outstanding customer service, FxPro offer competitive spreads to match profitability with security.

Account Types8.5
Client Support & Onboarding8
Free Services8.5
Deposit & Withdrawal9

Is FxPro Safe?

Since their founding in 2006, FxPro has collected over 55 awards from their industry peers. Central in their trophy case are the awards where they demonstrate the strength at the top of the industry. These include awards for Best Broker 2018 (Financial Times and Investors Chronicles Awards 2018), Best Forex Trading Experience 2018 (UK Forex Awards), and Best Forex Provider 2014-2018 (Investors Chronicle & Financial Times Investment and Wealth Management Awards). This list goes on, but from these alone, it is hard to question the view of the journalists in the business.  For a full list of awards, click here.

FxPro has regulation to oversee their internal process and use of client funds. Regulation from the FCA (license 509956)since 10/09/2010, CySEC (license 078/07)since 05/03/2007 and FSCA (FSP 45052)since 09/02/2016 add a robust regulatory framework around the business.

Client funds, as required by regulation, are deposited in accounts at top tier banks in the region of their account regulation. These banks include the likes of Barclays, Bank of America, and RBS and others.

Together the strict banking standards, the first-class international regulation, and the industry praise show that FxPro is safe for trading.

FxPro for Beginners

As a beginner in the Forex trading industry, you are wise to place a lot of trust in a broker that is well respected – which is where FxPro succeeds today. Next most important are other aspects which will impact your ability to become skilled and make profitable trades.

FxPro’s platform offering also includes cTrader which is more beginner friendly than MT4 and MT5. The setup is minimal by comparison, and the user interface is newer and easier to navigate. cTrader will give beginners at FxPro a head start over others using the Metatrader suite.

Educational and Analysis Material

FxPro offers a trading tools section and a comprehensive education library that is open to the public. Topics covered include Forex education, technical analysis, fundamental analysis, and trading psychology. While it is unstructured learning, it is accurate information for all levels of trader.

The FxPro news blog supports readers with commentary, analysis and daily stories related to future market movements and trading opportunities.  Live webinars are broadcast several times per week, and the video is then uploaded to Youtube for later viewing.

Customer support

Global support is available 24 hours a day, five days a week from a multilingual team at FxPro offices around the world. Should you wish to visit a local office, this can be arranged in advance.

Support teams at FxPro are available to help with technical and account related questions but are restricted in their ability to offer investment advice.

Trading Conditions

FxPro has a single account type, where trading conditions vary depending on the platform used. Trading with FxPro is Pure STP (unless otherwise stated) and extends 70+ currency pairs to traders. All trading platforms at FxPro offer Forex, Spot Indices, Spot Energies and Spot metals to traders.

Account Types

FxPro has three main platforms available, and there is one account type associated with each platform – MT4, MT5, and cTrader. All FxPro accounts have demo and micro options, regardless of the platform you choose.  VIP services are available on all platforms that are triggered by larger trading volumes and deposit amounts.  All accounts have a minimum deposit of $100 with a recommendation of a starting balance of $500.

MT4 Account

The MT4 account gives traders a choice between instant and market execution, which will have an effect on the requote and partial fills policy. Fixed spreads are available on this account making it easier for beginners to calculate profit/loss of a trade and establish better risk management.

MT5 Account

The MetaTrader 5 account is for those who want to move to the next generation of the platform from MetaQuotes. The account includes market execution of trades, variable spreads, no requotes and will allow for partial fills for orders that lack liquidity. The spreads on this account are in line with the MT4 account.

cTrader Account

The cTrader account charges clients commission on trades and variable spreads that are significantly tighter than the MT4 and MT5. This combination of tighter spreads and commission is common for professional traders, as it makes calculating profit and loss easier.

As with the MT5 account, the cTrader account includes market execution of trades; no requotes, variable spreads and partial fills of orders in times of limited liquidity. This account does not limit the stop/limit levels.

Spreads and Commissions

The MT4 and MT5 accounts charge for their services in the spreads that can get as low as 0.6 pips, but average EURUSD spreads are around 1.2 pips. Spreads on the cTrader account are much lower with EURUSD averaging about 0.3 pips, but an additional commission of $45 per $1 million traded (single side).

A commission is only charged on Forex and Metals trading. Indicies and cryptocurrencies are commission free. Commission on other instruments besides Forex change depending on the platform used, so check with your account manager should you have questions.

Deposit & Withdrawal fees

There are no deposit or withdrawal fees for Bank transfers, Credit cards, and Union Pay. Ewallets such as Paypal, Skrill, and Neteller generally do not charge a fee with withdrawals, but there are conditions to make this true.

  • For Paypal, refunds will not incur a fee, provided that the refund is made within six months of the funding.
  • For Skrill, a fee up to 2.6% will be charged if withdrawal is requested without having traded.
  • For Neteller, a fee up to 2% will be charged if withdrawal is requested without having traded.

FxPro Trading Platforms

FxPro has a single Forex trading account offering on three different platforms – MT4, MT5, and cTrader. 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 hard to set up, but there are numerous guides in both written and video formats to guide you through this process. cTrader is a better beginner friendly platform that needs fewer tweaks to optimise it for Forex trading. The only downside is that there is less material freely available on the internet.

All versions of these applications have downloadable versions for PC and MacOS, as well as web and mobile interfaces.

FxPro Mobile Trading Apps

FxPro supports mobile versions of all MT4, MT5 and cTrader, and customer service is available 24/5 to answer questions about the software and help with setting it up.

Compare FXPro

FXPro Vs. XM

FundingBank wire, Visa/MastercardBank wire, Visa/Mastercard, Skrill , Neteller
RegulatedFSCA No.45052, FCA, CySECEU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker TypePure STPMarket Maker
Currency Pairs70+55+
Minimum Spread0.6 pips0.0 pips
Minimum Deposit£100£5
Max Leverage500:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit FXProVisit XM

FXPro Vs. Pepperstone

FundingBank wire, Visa/MastercardBank wire, Visa/Mastercard, Paypal, Skrill, Unionpay
RegulatedFSCA No.45052, FCA, CySECAFSL No.414530, ASIC
Broker TypePure STPECN/STP
Currency Pairs70+62
Minimum Spread0.6 pips0.0 pips
Minimum Deposit£100£200
Max Leverage500:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit FXProVisit Pepperstone

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.

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. 79% of retail investor accounts lose moneywhen trading CFDs with this provider. 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.


FxPro proudly stands at the forefront of leading traditional Forex brokers, and heavily promotes the accolades they have received over the years. Strong international regulation and a small section of leading trading platform choices show the industry that with simplicity in choice, greatness can be achieved.

Trading conditions across the accounts are reasonable, and as a Pure STP broker, clients should never need to worry about any conflicts of interest.

An open approach to education is a part of the marketing strategy at FxPro and thus account holders should not expect additional material from what is available before signing. With that said, the customer support is accessible and award-winning, which is attractive for beginners with a multitude of questions.

Overall, FxPro is a dependable broker for beginners looking for a traditional and strong player with whom to trade. Expect consistent trading conditions and support from FxPro, as they leave the extra frills and innovation to other industry players.


Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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