FxPro
Published: Updated:
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 500
- Trading platforms
- Payment systems
- Instruments
- Forex, Indices, Commodities, Metals, Energies, Stocks, Cryptocurrencies
- Legal entity
- FxPro UK Limited
- Jurisdiction
- United Kingdom
- Fees
- FxPro prices MT4 and MT5 accounts through marked-up spreads with no commission and charges commission on cTrader accounts against raw spreads. Overnight swaps apply, and an inactivity fee applies after a period without trading.
- Withdrawals
- Withdrawals return to the funding method and are typically processed the same business day when requested before the cut-off, with no broker withdrawal fee on most methods.
- Available in
Features
- Daily market analysis
- ECN account option
- Affiliate program
- Wide selection of trading instruments
Pros
- Withdrawals are processed quickly
- Deposits are insured
- Wide range of trading instruments
- CFD trading is available
Cons
- High entry threshold for new traders
- No deposit bonuses or promotions
- Experience quality can be inconsistent
- Spreads can widen overnight, especially on MT5
- Educational materials exist but aren't very useful
- MetaTrader platforms lack a depth-of-market feature
- Crypto CFD selection excludes some less common coins
- Limited withdrawal methods for a broker of this size
- Minimum deposit is high compared to other brokers
- No crypto CFDs available on the cTrader platform
- cTrader accounts carry commission fees
- Website can be slow to load at times
- Elite account requires a high deposit, and leverage doesn't reach 1:1000
- cBot automation can be tricky, and the account structure is confusing
- Minimum deposit is high and maximum leverage could be higher
- Instrument range could be larger
- Could use an additional account type geared to beginners
- VPS isn't free for all clients, and leverage could be higher
- Leverage caps could be higher
- Website navigation feels clunky, and rarer cryptocurrencies are missing
FxPro is a multi-regulated forex and CFD broker offering MT4, MT5, and cTrader alongside its own cAlgo and Quant strategy tools. It is regulated by the FCA in the UK (FSCS deposit protection up to £50,000) and by CySEC in Cyprus, and also holds authorization from South Africa's FSB. The minimum deposit is $500, and traders can access forex, metals, and CFDs on shares, indices, commodities, and energy markets.
ECN broker offering MT4, MT5, and cTrader, daily market analysis, and a wide range of trading instruments.
FxPro is a multi-regulated forex and CFD broker offering the MT4, MT5, and cTrader platforms, alongside its own cAlgo automation tool and Quant strategy generator. It is regulated by the FCA in the UK and by CySEC in Cyprus, with a minimum deposit of $500.
Regulation and Fund Safety
FxPro operates through two regulated entities:
- FxPro UK Limited is regulated by the UK's Financial Conduct Authority (FCA). Client deposits are covered by the FSCS compensation scheme up to £50,000.
- FxPro Financial Services Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC), operates under ESMA rules, participates in the Investor Compensation Fund (ICF), and is also authorized by South Africa's Financial Services Board (FSB).
Trading Platforms and Services
FxPro supports MT4, MT5, and cTrader, executed via STP/ECN technology with order execution under 50 milliseconds. Additional services include:
- cAlgo for algorithmic trading and the Quant strategy generator for building and testing strategies
- SuperTrader for passive forex investing
- iPhone and Android mobile apps
- VPS hosting for uninterrupted trading
- Free educational resources and multilingual support
- An affiliate program
Instruments and Account Types
FxPro offers forex, futures, metals, and CFDs on shares, indices, agricultural commodities, and energy. Each platform has its own account specification:
| Platform | Currency pairs | Other instruments | Spreads | Leverage | Min. deposit |
|---|---|---|---|---|---|
| MT4 | 69 | 155 share CFDs, 10 index CFDs, agricultural commodities, metals | Fixed or floating | Up to 1:500 | $500 |
| MT5 | 54 | Metals, energy, agricultural commodities | Floating, market execution | Up to 1:500 | $500 |
| cTrader | 69 | Metals | From 0.4 pips plus commission (ECN/STP) | Up to 1:500 (1:50 on RUB pairs) | $500 |
Strengths and Drawbacks
FxPro's strengths include FCA and CySEC regulation, competitive spreads, three trading platforms with a wide instrument range, fast execution, deep liquidity, and negative balance protection. Its main drawback is the absence of bonus programs and binary options, reflecting a deliberate focus on standard trading products over promotional incentives.
Trading conditions
FxPro operates a no-dealing-desk model across four platforms — MetaTrader 4 and 5, cTrader and its own FxPro Edge — which is a wider choice than most brokers of its size supply. The cTrader account is the raw-spread option with commission and carries market depth the MetaTrader accounts do not.
The broker publishes execution statistics including average fill speed and the proportion of orders filled at or better than the requested price. That is checkable evidence rather than a marketing claim, and it is worth more than any spread figure quoted without context.
Retail leverage follows the entity: 30:1 on major pairs under the FCA and CySEC companies with negative balance protection, higher under the offshore entity.
Verification
Verification requires photo ID and proof of address plus an appropriateness assessment on the regulated entities, usually cleared within one business day.
UK clients have client money under FCA client asset rules with FSCS cover up to £85,000; Cyprus clients have Investor Compensation Fund cover up to €20,000. Check the inactivity fee if you trade irregularly — it applies after a defined dormant period and is easy to overlook.
