FxPro Review

Minimum Deposit: $100 VISIT BROKER
75.18% of retail investor accounts lose money when trading CFDs with this provider.

FxPro Review

Summary

FxPro is a well-reputed forex trading brokerage in the market. FxPro was formed in 2006, but the idea was first conceived in 2005. It is based in London, United Kingdom. FxPro is one of the well-known brokers named for its affiliation with high esteemed regulatory bodies. It is regulated by Financial Conduct Authority (FCA) in the United Kingdom, Cyprus Securities and Exchange Commission (CySEC) in Cyprus, Financial Sector Conduct Authority (FSCA) in South Africa and Securities Commission of The Bahamas (SCB) in the Bahamas.

FxPro offers thousands of trading instruments, including Forex, Shares, Futures, Spot Indices, Spot Metals and Spot Energies. FxPro equips the traders with four trading platforms, including Meta Trader 4, MetaTrader 5, cTrader and FxPro Edge. It is unique for its deep liquidity and fast execution of orders approach.

FxPro is a famous 90+ award-winning broker that provides demo account facilities and 24/7 multilingual support to its clients. FxPro makes it easy for traders to fund and withdraw money from their accounts without delay. FxPro offers competitive spreads with no commission across all platforms. Spreads on FX and metals are substantially lower on the cTrader platform account; however, an extra commission is payable when you enter and exit a position.

FxPro provides an opportunity for learners. There is an extensive section to learn on forex topics. For making a decision quickly, there are calculators. Additionally, there is an availability of Islamic swap-free accounts.

7.7Expert Score
FxPro Rating

Trade CFDs on a wide range of instruments, including popular FX pairs, Futures, Indices, Metals, Energies and Shares and experience the global markets at your fingertips.

Investment Products
7.5
Commissions and Fees
7
Platforms and Tools
9
Research and Education
7
Deposit and Withdrawal
8

FxPro Review

Pros and Cons

FxPro is a multi-award winning platform that offers thousands of instruments to trade. It is regulated with tier-1 and tier-2 jurisdictions. FxPro adds versatility by providing fixed and variable spread accounts. They provide high respondent MT4, MT5, cTrader platforms besides the in-house FxPro Edge Platform. You can practice on a demo account before starting real-money trading. There is a facility for VPS trading and swap-free accounts. The educational material is fair enough for beginners and advanced level learners. The customer support is very good, with 24/7 multilingual availability. FxPro provides negative balance protection, price alerts, trading platform tutorials and educational videos. You can trade cryptocurrencies as CFDs in pairs with the USD as well. FxPro provides versatile deposit and withdrawal options, and the process is not cumbersome.

On the other hand, trading with FxPro, a trader must bear high fees on CFD stocks. If your account remains inactive, you will also have to bear inactivity fees. The number of the base currencies are limited to 8. The platform is not listed on the stock exchange; the company operates without a banking license and ask for a minimum deposit of 100$ (recommended being $1000 by the broker) which can be high for a beginner. Besides this, the company’s financial information is not publicly disclosed, which can be a matter of concern for traders. Besides the high-quality education material, FxPro is lacking in Webinar arrangements.

Let’s highlight the advantages and disadvantages of FxPro.

Positives
  • Regulated in tier-1 and tier-2 jurisdictions
  • Fixed and variable spreads (subject to terms)
  • MT4, MT5, FxPro Edge and cTrader platforms available for desktop, web, and mobile apps
  • Provides transparent execution methods
  • Swap Free Islamic Accounts
  • Demo Accounts
  • VPS Trading
  • Free Educational and Training Material
  • Free Deposit and Withdrawal
  • Easy Account Opening Process
  • 24/7 Customer Service
  • Price Alerts
  • Educational Videos
  • Trading Platform Tutorial
  • Provides FxPro Edge Platform
  • Trade Cryptocurrencies as CFDs in Pairs with USD
Negatives
  • Inactivity Fees
  • High Fees on CFD Stocks
  • Number of base currencies limited to 8
  • Not Listed on Stock Exchange
  • High minimum deposit of 100$
  • No Direct Crypto Trading
  • Lack of Webinars

FxPro Review

Investment Products

FxPro offers trading CFDs on 70+ FX Pairs, Futures, Spot Indices, Share and Stock Trading, Metals, Energies and CFD’s on Cryptocurrencies. FxPro does not offer direct trading on cryptocurrencies, but you can trade on CFD’s on cryptocurrencies in pairs with USD. On the other hand, FxPro does not offer other asset classes such as bonds and options.

FxPro Instruments Summary

InstrumentsFxPro
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFs
CFDs
FxPro Instruments

FxPro Review

Commission and Fees

Commission and Spread Fees

FxPro charges zero commissions on various account types. Here are the details for spreads:

  • MT4 account with fixed spreads-Instant Execution.
  • MT4 account with floating spreads-Instant Execution.
  • MT4 account with floating spreads-Market Execution.
  • cTrader account with floating spreads-Market Execution.
  • MT5 account with floating spreads-Market Execution.
FeeFxPro MT4FxPro MT5cTraderFxPro Platform
Commission (per standard lot per side)$0$0$45$0
Spreads from1.01.00.30.1
FxPro Fees

Deposit and Withdrawal Fees

FxPro attracts in a way for not charging any deposit and withdrawal fees on any account and yet providing a wide variety of methods to do so. However, your service provider or intermediary bank may charge you some money, so it is better to consult them before processing the transaction.

Inactivity Fees

FxPro charges inactivity fees. But it offers a big window for qualification. The inactivity fee is charged after 12‑months of no trading activity, which is $15, followed by a $5 monthly fee.

FxPro Review

Platforms and Tools

FxPro provides MetaTrader platforms, the most extensively used trading platforms these days. They are equally used by both beginners as well as for advanced traders. Besides MetaTrader platforms, FxPro also offers cTrader and an in-house FxPro Edge platform for their clients.

MetaTrader 4 (MT4)

MetaTrader 4 is considered the industry standard, including everything a trader needs to chart assets, make orders and manage positions. Alongside robust trading infrastructure, competitive pricing and better order execution with no dealing desk interference, the FxPro MT4 is one of the most potent pairings in online forex trading. Used by millions of traders worldwide since 2005, MT4 is the most popular retail trading platform, used by professional and new traders alike for its easy user interface and robust trading features.

FxPro MT4 Platforms
FxPro MT4 Platforms

You can level up your trading with an exclusive variety of technical analysis indicators from Trading Central. It allows you a chance to identify fresh trade opportunities, enhance your entry/exit timings and obtain an instant viewpoint on Trading Central’s favoured direction along with target levels and alternative scenarios based on support and pivot lines. With FxPro MT4 Mobile, you may experience the most popular trading platform on your mobile phone, anywhere at any time. Available for iOS and Android. Access your MT4 account straight from your browser without the need to install any software. The MT4 multiterminal enables you to manage positions and execute orders on more than one MT4 account simultaneously.

The following are the features of the MT4 trading platform:

  • 30 technical indicators and 24 analytical tools
  • 3 chart types with 9 time-frames
  • One-click trading
  • Customisable chart layout
  • Secure data transmission
  • Open, close & modify positions
  • Manage multiple MT4 accounts simultaneously
  • Lot size allocation by predefined volume, total volume, equal parts, equity ratio or free margin ratio
  • 1 click trading
  • Market news feed
  • Easy to use interface
  • Custom push notifications
  • Optimised display layout for tablets

MetaTrader 5 (MT5)

MetaTrader 5’s multi-asset, the multi-functional platform is a better match if you’re a more advanced trader. It enables you to manage several accounts with various brokers. The platform offers price data, enables the use of non-tradable assets such as actual gold to provide a margin for open positions in other instruments, and permits the creation of new financial symbols. Day traders want a trading platform that is quick, sturdy, dependable, and robust. MetaTrader 5 ticks every box. MetaTrader 5’s platform is available in desktop, web, and mobile versions.

FxPro MT5 Platforms
FxPro MT5 Platforms

The MetaTrader 5 platform employs the MQL5 programming language, used by automated trading software that executes trades for you. It can follow financial symbols 24 hours a day, copy trades, create and send reports, analyse news, and even give a specialised bespoke graphical interface. Because the platform includes a comprehensive development environment for creating and optimising your own EA, you can robotise your successful trading strategy. Alternatively, you may choose from several ready-to-use EAs that can be downloaded for free from CodeBase or purchased or rented from “MetaTrader Market,” the world’s biggest shop of ready-to-use trading applications. 

The desktop MT5 version includes:

  • Superior tools for in-depth price analysis
  • Algorithmic trading applications through trading robots or expert advisors (EAs)
  • Copy-trading

The copy trading tool enables you to subscribe to successful trader signals, allowing you to automatically replicate all trades on your account. There are hundreds of free and premium signals accessible for demo and live accounts. The MetaTrader 5 platform supports both the traditional netting system for exchange markets such as the stock market and the options market, as well as the forex market’s hedging option system. 

It supports 4 execution modes: instant, request, market, and exchange execution, as well as 2 market orders, 6 pending orders, and 2 stop orders. The platform lets you examine up to 100 currency or stock charts at once, and the 21 timeframes allow for extensive and detailed analysis of even minor price movements. It also includes over 75 technical indicators and 44 analytical objects, such as Gann, Fibonacci tools, geometric shapes, and other channels. 

cTrader

Spotware’s cTrader trading platform is quickly becoming one of the most popular among traders, delivering an additional degree of market analysis and access to complete market depth on an impressive and fully customisable user interface. Along with FxPro’s advanced trading infrastructure, competitive pricing, and superior order execution with no dealing desk intervention, the cTrader platform offers one of the most creative trading experiences in the market.

FxPro cTrader Platform
FxPro cTrader Platform

In addition to a wide variety of advanced technical features, the cTrader platform employs cTID (cTrader ID) login technology, which means that all connected accounts may be accessed with a single login and settings are synched. You may use your mobile phone or tablet to access your cTrader account, which has a sophisticated interface and advanced mobile charting features. Available for iOS and Android devices.

The cTrader web platform is a powerful solution for browsers or Mac users, providing the same advanced functions as the desktop platform (excluding cTrader Automate). You may access your account from anywhere, at any time, without having to install any software. It provides chart goals from Trading Central to help you level up your trading. Allows you to identify fresh trade opportunities, optimise your entry/exit timings, and get an instant viewpoint on Trading Central’s favoured direction based on independent technical analysis. Targets are available on all cTrader platform types.

  • 55+ pre-installed indicators
  • 6 chart types
  • 28 timeframes
  • Lvl 2 Depth of Market (DoM)
  • stop/limit levels
  • sell stop limit & buy stop limit
  • Detachable charts & linked charts
  • 1-click trading & trade from charts
  • Advanced Order Protection
  • Trailing stop
  • Fully customisable charts and interface
  • Add custom cBots & indicators
  • Newsfeed
  • Integrated Economic Calander
  • Market Sentiment
  • Custom time zone
  • Analyse trade statistics
  • Technical indicators
  • Quick trade option
  • No restrictions on stop/limit levels
  • DoM (Depth of Market)
  • Notifications for execution and price alerts

FxPro EDGE

FxPro offers Spread Betting to all FxPro UK Limited customers residing in the United Kingdom using the proprietary Spread Betting Platform: FxPro Edge. It is an entirely customisable trading platform that enables customers to trade hundreds of products across six asset classes without paying taxes (tax laws are subject to change and depend on individual circumstances). FxPro Edge is a widget-based user interface that you tailor to your trading needs. You may also trade straight from the chart, ticker, or create your rapid trade setups.

FxPro Edge Platform
FxPro Edge Platform

Trading Calculators

Clients of FxPro have access to all in one trading calculator that can aid in trade planning and administration.

FxPro Platforms Summary

PlatformFxPro
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary (FxPro Edge)
Desktop
Web
Mobile
Social Trading
Other
FxPro Platforms

FxPro Review

Research and Education

FxPro offers a wide range of free platform instructional resources. No matter if you are a beginner or an advanced level trader, there is everything for you pertaining to trading on the website.

Forex Education

Under the education section, FxPro shares textual knowledge for the basic and advanced level traders covering topics like:

Basics

  • What is Financial Market
  • How to Trade on FX Markets
  • Chart Types
  • Price Changing, Pips and Points
  • Lots and Leverage
  • What is Margin
  • What is CFD
  • How to Start CFD Trading

Fundamental Analysis

  • What is Fundamental Analysis
  • Leading and Lagging Economic Indicator
  • Major Economic Indicators (Part 1 & 2)

Technical Analysis

  • What is Technical Analysis
  • Support and Resistance Levels
  • Trend Lines
  • What are Channels and How to Put them on
  • Major Patterns

Psychology

  • Escalation of Commitment and the Sun Cost Fallacy
  • Blindfolded on a Mountain Range
  • Novice Traders Mistakes
  • Trading: from competency to skill

Economic Calendar

A trading plan can be an essential aspect of your strategy if you are serious about becoming a trader. Find the Economic Calendar in the FX tools and plan your trading down to the minute based on upcoming economic reports, historical economic events, consensus projections, and expected volatility. The FX Economic Calendar supports you in making better informed trading decisions. You can take a look at the scheduled economic events for any given day and click on an individual event if you want to learn more about it. On the left side of the Economic Calendar, the remaining time before an impending event occurs is displayed, while previous events are denoted with a tick.

Forex News

It is good to be informed about the market when you aim to be a prudent trader. FxPro shares economic news that has an impact on forex and stock markets. Market Analysis conducted under the news section.

FxPro Market News
FxPro Market News

Calculator

FxPro offers all-In-one FX Calculator for everyone. It lets you cut down your calculating time and generate the key values.

Trading Central

FxPro has teamed up with Trading Central to assist our clients in making confident, rapid, and informed investing decisions. This dynamic product suite helps you in identifying, verifying, and timing your trades is now accessible to you with our MT4/MT5 platforms.

Trading Central
Trading Central

FxPro Research and Education Summary

ResourcesFxPro
Market Analysis
Guides
Videos
Webinarsx
Autochartistx
Trading Central
Economic Calendar
Other (Trading Calculators)
FxPro Resources

FxPro Review

Deposit and Withdrawal

FxPro provides various funding options. Users can use wire transfers, debit/credit cards and electronic payment services to deposit and withdraw their funds. With this broker, you will have an advantage for not being charged deposit or withdrawal fees.

FxPro Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptosxx
FxPro Funding Options

FxPro Review

Regulation and Safety

It is regulated by Financial Conduct Authority (FCA) in the United Kingdom, Cyprus Securities and Exchange Commission (CySEC) in Cyprus, Financial Sector Conduct Authority (FSCA) in South Africa and Securities Commission of The Bahamas (SCB) in the Bahamas. With FxPro, you can enjoy the company of 1 tier-1 and two tier-2 regulatory bodies.

FxPro Regulation Summary

RegulatorFxPro
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)
CFTC (USA)x
Other (SCB, FSCA)
FxPro Regulators

FxPro Safety

FxPro is regulated by one Tier-1 and two Tier-2 regulatory bodies. Those bodies, in case of bankruptcy of the broker, can compensate according to their defined set of parameters.

On the other hand, the broker is not listed on any stock exchange and does not hold a banking license. But having a variety of brokerage awards and more than a decade of experience, FxPro is on its way to persistent growth since being established.

FxPro Review

Client Support

FxPro provides multilingual customer support 24/7 with live chat, phone, and email.

FxPro Review

Conclusion

FxPro is a well-capitalised, trustworthy broker with a variety of platform options, trade execution methods, and the ability to cleanly execute big orders for professional traders. However, traders may have to make do with FxPro’s somewhat higher pricing than the industry norm. Aside from that, the proprietary FxPro Edge app is a restricted platform option that is not yet accessible for mobile.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

FxPro Review

FAQs

When was FxPro founded?

FxPro was founded in 2006.

Where is FxPro located?

FxPro is located in the UK.

Is FxPro regulated?

FxPro is authorised and regulated by CySEC, FCA, FSCA, and SCB.

What trading instruments does FxPro offer?

FxPro offers a wide range of trading instruments over six asset classes: Forex, Commodities, Indices, Stocks, Cryptocurrencies (In pair with USD), and ETFs.

What is FxPro’s minimum deposit?

FxPro requires a minimum deposit of $100. The recommended amount is much higher as it stands at $1000 but you should only ever trade what you can afford to lose.

What investing platforms does FxPro offer?

FxPro offers MT4, MT5, cTrader and FxPro Edge investing platforms on multiple devices and environments.

What is FxPro’s commission fee?

FxPro’s commission starts from $45 per million dollars traded round trip.

Does FxPro charge an inactivity fee?

The inactivity fee is charged after 12‑months of no trading activity, which is $15 and is followed by a $5 monthly fee.

What are FxPro’s spreads?

FxPro has tight spreads starting from 0.1 pips.

What funding options does FxPro offer?

FxPro offers wire transfer, debit/credit cards and e-wallets as payment methods.

Does FxPro offer demo trading?

Yes, FxPro offers demo trading.

Does FxPro offer Islamic accounts?

Yes, FxPro offers Swap-free Islamic accounts.

How do I contact FxPro customer support?

FxPro’s multilingual customer support can be contacted 24/7 via live chat, email, and phone.
FxPro Review
FxPro Review
Minimum Deposit: $100
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

InvestingBrokers.com
Logo