Founded in 2006, FxPro has grown into a globally recognized forex and CFD broker, boasting regulatory oversight, diverse trading platforms, and a wide array of tradable instruments. With headquarters in the UK and offices worldwide, it’s one of the leading brokers catering to both novice and professional traders. In this review, we’ll explore every aspect of FxPro, from regulatory credentials to account types, platform performance, fees, customer support, and overall trustworthiness.
1. Regulation & Security
Credible Regulatory Licensing
FxPro operates under several reputable jurisdictions:
UK – Regulated by the Financial Conduct Authority (FCA).
Cyprus – Overseen by the Cyprus Securities and Exchange Commission (CySEC).
Additional licenses in South Africa, the Bahamas, and more.
These robust regulatory frameworks ensure:
Client fund segregation – Trader deposits held separately from corporate funds.
Investor protection – Access to compensation schemes like FSCS (up to £85,000 per client).
Regular audits, transparency, and fairness in operations.
This multi-board oversight significantly enhances FxPro's reliability and appeal to global traders. For more detailed regulatory history, refer to reputable review sites like TopForexBrokers’ FxPro review.
2. Trading Instruments & Markets
FxPro offers a broad spectrum of assets across major categories:
a) Forex
Over 70 currency pairs, spanning majors, minors, and exotics.
Competitive spreads and access to tangible liquidity environments.
b) Commodities
Includes energy (oil, natural gas), metals (gold, silver, platinum), and softs (coffee, cocoa).
c) Indices
Major global benchmarks: UK100, US30, GER40, JP225, EU50, etc.
d) Shares
CFDs for over 300 global stocks, enabling stock trading with margin and shorting capability.
e) Cryptocurrencies
8+ crypto CFDs, including Bitcoin, Ethereum, Litecoin, Ripple.
f) Metals & Energies
Physical commodity CFD options broaden portfolio diversity.
This wide asset class coverage offers flexibility for traders – whether focusing on forex scalping, index speculation, or crypto positioning. For asset-specific insights and trading conditions, see ForexSQ’s FxPro review.
3. Trading Platforms & Execution
FxPro offers multiple platforms to match diverse trader preferences:
a) MetaTrader 4 (MT4)
The industry-standard platform with advanced charting, automated strategies (EAs), and user-friendly interface.
Desktop, web, and mobile versions supported.
b) MetaTrader 5 (MT5)
A step-up with more timeframes, more advanced order types, built-in economic calendar, and depth of market (DoM).
c) cTrader
Known for transparent ECN-style execution, hot-key support, and advanced charts.
Includes cAlgo for C#-based algorithmic trading and cTrader Copy for social trading.
d) FxPro Edge
A proprietary web-based platform designed for ease of use.
Offers one-click trading, high-performance execution, and modern visual interface.
Well-suited for traders who prefer simplicity without sacrificing speed.
Execution Speeds & Pricing Models
FXPro MT4/5:
Standard Web/MT4 accounts: spreads from ~1.2 pips.
Edge: slightly tighter due to streamlined web-based architecture.
MT5 ECN and cTrader:
Commission-based; raw spreads from ~0.2 pips + $45 round-turn commission per million traded.
Recommended for high-frequency traders or those requiring institutional-grade execution.
Detailed comparisons of execution and platform specifics are available at Miniforex’s FxPro review.
4. Account Types & Opening Process
FxPro’s account structure caters to different trader types:
a) Standard Accounts
MT4/MT5/Edge: No commissions; spreads include FxPro markup.
Ideal for retail traders seeking simplicity, stable pricing, and decent execution speed.
b) ECN Accounts (MT5 & cTrader)
Raw pricing; ultra-tight spreads; $45 commission per $1 million volume.
Perfect for scalpers, professional traders, and high-volume strategies.
Account Opening
Fully online, quick KYC (Know Your Customer) process.
Usually approved within hours/days depending on document submission.
Minimum deposit: As low as $100 (varies by account type and region).
Offers Islamic (swap-free) account versions for compliance with Sharia principles.
More account insights, including minimums and deposit tiers, are extensively covered in ForexTrading.biz’s FxPro review.
5. Platform Features & Tools
FxPro provides a rich toolkit for both beginners and pros:
a) Charting & Analysis
Fully customizable MT4/5 templates: technical indicators, drawing tools, multi-timeframe support.
Edge offers succinct graph layouts with built-in indicators.
b) Economic Calendar & News
Integrated in MT5 and cTrader; Edge offers embedded feeds for key financial events.
Highly beneficial for news traders reacting to economic releases.
c) Automated Trading
MT4 – Expert Advisors (EAs) and Strategy Tester.
cTrader – cAlgo for C# coding and backtesting.
d) VPS & Trading Signals
FxPro offers free or discounted VPS hosting for high-volume traders.
Access to trading signals and copy-trading functionality enhances flexibility.
e) Risk Controls
Supports flexible order types: stop‑loss, take‑profit, trailing stops, limit/stop entry, and OCO.
cTrader offers depth-of-market (DOM) visibility, aiding advanced execution tactics.
6. Fees & Spreads Comparison
Transparency in pricing is a strong suit for FxPro.
a) Forex Pricing
| Platform | Account Type | EUR/USD Spread | Commission |
|---|---|---|---|
| MT4 / Standard | Becomes markup-based | ~1.2 pip | None |
| MT5 / Edge | Standard | ~1.2 pip | None |
| MT5 / cTrader | ECN | ~0.2 pip | $45 per $1M traded round-turn |
b) CFD Fees
Indices and commodities follow similar tight/raw spread + commission for ECN accounts.
Overnight swap charges apply per interest rate differential; swap‑free accounts available.
Transparency & Lowest Costs
Commission structure is openly published and straightforward.
Competitive spreads and reliable execution reduce slippage risk.
Compare across review portals like FxStay’s FxPro review for tick data and spread visuals.
7. Deposits & Withdrawals
Supported Funding Methods
Bank wire transfers
Credit/Debit cards (Visa, Mastercard)
Electronic wallets (Skrill, Neteller, DotPay)
Regional/local payment systems depending on the country
Processing Times & Fees
Most methods: instant or same-day transfers.
Bank wires: take 1–3 business days depending on region.
FxPro imposes no deposit/withdrawal processing fees; third-party charges (bank) may apply.
Transparency on withdrawal timelines and options is confirmed in many independent reviews like those on ForexTrading.biz.
8. Customer Support & Education
Customer Service
24/5 multilingual support: live chat, email, and phone.
Regional offices support local languages.
Response typically within minutes on chat; more complex queries processed via email (24–48h resolution).
Educational Resources
FxPro Insights: Market news, economic calendar.
FxPro TV & Blog: Technical analysis, market outlooks, strategy guides.
Webinars and tutorials are periodically offered, tailored to trading styles and markets.
FxPro’s dedication to trader education is highlighted in expert industry reviews, adding confidence for newcomers.
9. Mobile Trading Experience
Mobile platforms across iOS and Android:
MT4/MT5 apps: Comprehensive monitoring, charting, trade execution, push alerts.
cTrader mobile: Advanced order types, market depth, synchronized experience with desktop.
FxPro Edge mobile: Designed for swift trade placement, mobile-first chart viewing, and account metrics.
Features such as charting, watchlists, and notifications are well-integrated, and user reviews commend stability and UX design consistency.
10. Pros & Cons
Pros:
Highly regulated across multiple jurisdictions.
Diverse platforms catering to varied trader profiles.
Low-cost raw spreads and transparent commission structure.
Full suite of educational materials and market research.
Fast, cost-effective fund processing; including swap-free options.
Cons:
No dedicated proprietary desktop app beyond Edge.
Crypto CFD suite is limited compared to specialized crypto brokers.
Premium services (VPS, account tiers) may require monthly trade volumes.
Balanced evaluations are reinforced by aggregated feedback in reviews like those found on TopForexBrokers and ForexSQ.
11. Who Is FxPro Best For?
FxPro suits a wide range of traders:
New Traders – Standard account + Edge’s intuitive UX makes a solid starting point.
Frequent Traders/Scalpers – MT5/cTrader ECN accounts with raw pricing and low latency.
Algorithmic & Strategy Developers – Support for MT5 backtesting and cAlgo programming.
Global Traders – Multilingual support, diverse payment methods, regulatory reach.
For beginners exploring brokers, see how FxPro stacks up in detailed breakdowns like this one from Miniforex.
12. How Does FxPro Compare?
vs. Other Brokers
Stronger regulatory footprint than many offshore brokers (e.g., those strictly Cyprus-based).
Execution speeds and raw spreads often rival premium ECN competitors like Pepperstone or IC Markets.
Charting, automation, and mobile platform quality hold up well against industry leaders.
Real-World Feedback
Based on user experiences and community discussions:
“I’ve used FxPro’s cTrader account—execution is fast, slippage minimal. The commission structure makes sense for volume traders.”
“Edge is excellent for mobile-first trading – almost no complaints.”
Such sentiments appear across review sites and trader forums, underscoring overall satisfaction.
13. Safety, Transparency & Reputation
FxPro maintains credibility through:
Regularly-published financial reports and audited results.
Transparent contract specifications and trade rules.
Active participation in industry events and accolades: “Best Forex Broker” shortlists, etc.
These are covered in-depth at concerted review hubs like ForexSQ and FxStay.
14. Final Verdict
FxPro is a mature, well-respected broker blending competitive pricing, strong regulation, and flexible trading environments. Here’s a quick reference summary:
Regulation: FCA, CySEC, FSCA – high trust level.
Platforms: MT4/5, cTrader, Edge – versatile for all trading styles.
Costs: Raw spreads from 0.2 pips; transparent commission.
Execution: ECN-grade speed, decrypted via cTrader & MT5.
Funding: Quick, no-fee methods with global reach.
Support: 24/5 multilingual, clear educational content.
Asset Coverage: 70+ FX, CFDs on commodities, indices, cryptos, equities.
Best fit:
Beginners (via standard accounts & Edge interface).
Intermediate/pro traders (via ECN accounts, cTrader).
Algo enthusiasts (MT4/5 + cAlgo functionality).
While more specialized crypto or derivatives traders might prefer niche platforms, FxPro’s all-around offering solidly supports broad forex and CFD needs.
15. Tips for Trading With FxPro
Signal Monitoring
Use MT5 and cTrader’s integrated news calendar and market data before each session.Spreads & Slippage
ECN accounts offer low spreads but commission costs – ensure your strategy is volume-friendly.Check Commissions
ECN access is compelling only for higher frequency or larger volume traders.Consider VPS
Ideal for complex strategies and high uptime needs.Demo First
Trial all platforms (Edge, MT4/5, cTrader) via FxPro’s demo account before committing.
16. Further Resource Links
For more in-depth details (regulation, fees, platforms) check out TopForexBrokers’ FxPro review.
For community commentary, platform breakdowns, and trader feedback see Miniforex’s analysis.
For asset pricing comparisons and user-driven analysis, read ForexSQ’s review.
If you're into detailed spread charts and fee models, FxStay’s FxPro review is superb.
For combined cost, support, and global coverage rating, ForexTrading.biz’s FxPro review is highly informative.
17. FAQs
Q: What is the minimum deposit for ECN accounts?
A: It starts from $500–$1,000 depending on the region and currency (varies by account).
Q: Is FxPro safe to use in Germany/EU?
A: Yes – regulated by CySEC with additional EU compliance. FCA/South African licensing supports users worldwide including Germany.
Q: Can I trade on mobile?
A: Yes – full-featured mobile apps available (MT4/5, cTrader, Edge) with real-time quotes and charting.
Q: Are there inactive account fees?
A: Yes, if there’s no log-in activity for 12 months, a monthly inactivity fee applies. Check the client agreement for amounts.
Q: Does FxPro offer negative balance protection?
A: Yes – guaranteed to never lose more than your account balance due to regulatory rules under FCA and CySEC.
Conclusion
FxPro stands out as a trustworthy, all-in-one brokerage solution. Its robust regulation, flexible platform suite (Edge, MT4, MT5, cTrader), and transparent pricing make it suitable for all trader levels—from entry-level to pro. While it doesn’t focus heavily on cryptocurrency, its comprehensive asset range and trading tools deliver excellent value for forex and CFD traders.
Ready to take the next step? Explore your options through the in‑depth reviews linked above 👇:
Discover FxPro on TopForexBrokers.
Review platform details on Miniforex.
Analyze spreads via ForexSQ.
Check feature breakdowns on FxStay.
Assess trader support and cost via ForexTrading.biz.
By consolidating live data, platform insights, pricing models, and user experiences, this review aims to give you a comprehensive outlook on FxPro. Whether you're stepping into forex for the first time or scaling up your trading system, FxPro remains a strong candidate in the brokerage landscape.
