FXPro is a globally recognized Forex and CFD broker that has been around since 2006. It has built a strong reputation over the years, serving clients from more than 170 countries. FXPro is regulated by several top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) of South Africa. These regulatory bodies ensure that FXPro operates with a high level of transparency and integrity, giving traders peace of mind when using their services.
- Regulated by FCA, CySEC, and FSCA & Others
- Low minimum deposit of $100
- No withdrawal fees
- Multiple trading platforms (MT4, MT5, cTrader)
- Comprehensive educational resources
- Ultra-fast order execution
- Spreads could be lower on some accounts
- Limited cryptocurrency offerings
- Minimum withdrawal amount is $100
- High spreads on some accounts during volatility
- Limited customer support during weekends
FxPro Overview
When I first signed up for FXPro, I was immediately impressed by the platform’s user-friendly interface. The sign-up process was straightforward, and I appreciated how intuitive the platform was, even for someone who isn’t particularly tech-savvy. The website is well-organized, with all the essential information easily accessible, which is a huge plus for new traders.
One of the reasons I’m making this FXPro Review, is that of the first things that stood out to me was the variety of trading platforms that it offers. Whether you’re a fan of MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader, FXPro has you covered. Each platform caters to different types of traders, from beginner traders to experienced pros, which I found very accommodating. I personally opted for the MT4 platform because of its simplicity and the range of tools it offers for analysis.
| 🔎 Broker | 🥇 FxPro |
| 📌 Year Founded | 2006 |
| 📍 Amount of staff | 500+ |
| ⭐ Publicly Traded | None |
| 🛡️ Regulation | FCA, CySEC, ASIC |
| 🌎 Country of regulation | UK, Cyprus, Australia |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative balance protection | ✅Yes |
| 📈 Investor Protection Schemes | FSC, FSCS, and others |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | ✅Yes |
| 📉 Minor account currencies | Multiple |
| 📊 Minimum Deposit | 100 USD |
| ⏰ Avg. deposit processing time | Instant to 1 business day |
| ⏱️ Avg. Withdrawal processing time | 1-5 business days |
| 💴 Fund Withdrawal Fee | None |
| 💶 Spreads from | 0.0 pips |
| 💵 Commissions | Variable |
| 💷 Number of base currencies | 6 |
| 💳 Swap Fees | Variable |
| ⏹️ Leverage | Up to 1:500 |
| ⏺️ Margin requirements | Variable |
| ☪️ Islamic account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📊 CFDs Total Offered | 2000+ |
| 💹 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 💱 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, Credit/Debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, Credit/Debit cards, e-wallets |
| ➡️ Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| ↪️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Economic calendar, trading signals, charting tools |
| 🥰 Customer Support | Responsive |
| 🗯️ Live chat availability | ✅Yes |
| 💌 Support Email | [email protected] |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Twitter, Facebook, LinkedIn, Instagram |
| 📍 Languages | English, Spanish, German, French, Italian, Arabic, Chinese, Japanese |
| ✏️ Forex course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | Tutorials, articles, videos |
| 📒 Affiliate program | ✅Yes |
| 📑 IB Program | ✅Yes |
| 🗃️ Sponsor notable events/teams | ✅Yes |
| 🗄️ Rebate program | ✅Yes |
| 📌 Account Types | Standard, Raw+, Elite |
| 🅰️ Cent Accounts | None |
| 🅱️ Micro Accounts | None |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| 🌟 Suited to Active Traders | ✅Yes |
| *️⃣ Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Account Types and Minimum Deposits
FXPro offers several account types, each tailored to different trading needs. There’s the MT4 and MT5 accounts, which are perfect for traders who prefer traditional Forex trading, and the cTrader account, which is ideal for those who favor more advanced trading conditions. For those who like to keep it simple, the FXPro Edge account offers a spread-betting experience.
One thing that I particularly liked about FXPro is the reasonable minimum deposits requirement. With minimum deposits of just $100, FXPro makes it accessible for traders with varying budgets to get started. This low barrier to entry is one of the reasons why I decided to give FXPro a try in the first place. Although, it may keep beginner traders at bay, it’s a reasonable trade-off considering the reliability of the broker.
Trading Experience
Once I got started, I found the trading experience on FXPro to be smooth and efficient. The platform provides access to a wide range of markets, including Forex, shares, indices, metals, and energy. This diversity allows you to diversify your trading portfolio easily, which is something I always look for in a broker.
User-Friendly Platform with Unique Features
One of the standout aspects of the platform that couldn’t be missing from this FXPro Review, is its incredibly user-friendly platform, which caters to both beginners and experienced traders. The platform’s intuitive design allows you to navigate with ease, making it simple to execute trades, manage your account, and access various tools and resources. This is particularly beneficial for those who may be new to Forex trading and need a platform that doesn’t overwhelm with complexity.
Unlike some of its competitors, FXPro offers multiple trading platforms to suit different trading styles and preferences. You can choose between MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and FXPro Edge, each offering its own set of features and tools. What really sets FXPro apart is the flexibility it offers with these platforms—whether you prefer the simplicity of MT4 or the advanced trading capabilities of cTrader, FXPro has you covered.
As of my last check, FXPro does not currently offer a copy trading feature, which could be seen as a drawback for traders who prefer to follow and replicate the trades of more experienced traders. However, the lack of this feature is offset by the range of advanced tools and the customization options available on their platforms. FXPro’s platforms are designed to provide you with all the necessary resources to make informed trading decisions on your own, which can be more rewarding in the long run.
Execution Speeds and Spreads
Another aspect where FXPro shines is its execution speed. The platform boasts ultra-fast execution, with most orders being processed in under 14 milliseconds. In my experience, this speed is consistent, even during times of high market volatility, which is crucial for avoiding slippage.
As for the spreads, FXPro offers competitive rates. On the MT4 and MT5 accounts, spreads start from 1.4 pips, while the cTrader account offers spreads from as low as 0.3 pips. While there are brokers out there with slightly lower spreads, I found FXPro’s spreads to be reasonable given the level of service and execution speed they provide.
Deposits and Withdrawals
When it comes to minimum deposits and minimum withdrawals, FXPro offers a variety of options, including bank transfers, credit/debit cards, and e-wallets like PayPal and Skrill. The minimum deposit, as mentioned earlier, is $100, which is quite reasonable.
What I found particularly convenient was the withdrawal process. FXPro doesn’t charge fees for withdrawals, which is a significant advantage compared to other brokers. The minimum withdrawal amount is also $100, and transactions are processed relatively quickly. For most withdrawal methods, including credit cards and e-wallets, I received my funds within 1 to 2 business days, which is pretty standard but nonetheless reassuring.
Regulation and Security
Couldn’t be a proper FXPro Review without mentioning their regulatory status, luckily it is one of its strongest selling points. Being regulated by the FCA (registration number 509956), CySEC (licence no. 078/07), FSA (Licence no. SD120), and SCB (license no. SIA-F184) and FSCA (authorisation no. 45052), FXPro is held to high standards in terms of financial stability, client fund protection, and operational transparency. For instance, client funds are kept in segregated accounts, which means your money is separate from the broker’s operational funds. This setup minimizes the risk of your funds being used for any other purpose than trading.
Moreover, FXPro is a member of the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF), which provide additional protection for your funds up to certain limits. Knowing that my money was safe and that the broker was operating under strict regulatory oversight gave me the confidence to trade without worrying about security issues.
Customer Support
Customer support is an area where FXPro really excels. I’ve contacted their support team on a couple of occasions, and each time, I was met with prompt and professional assistance, which makes me happy to incude this positive part of my interaction in the FXPro Review. The support team is available 24/5, which aligns with the Forex market hours, ensuring that help is always available when you need it. You can reach them via live chat, email, or phone, and I found the live chat option to be particularly quick and efficient.
Education and Resources
For those new to Forex trading or looking to improve their skills, FXPro offers a wealth of educational resources. Their online trading academy includes video tutorials, webinars, and articles covering various aspects of trading, like Forex Signals. These resources are well-structured and easy to follow, making them ideal for beginners. I particularly enjoyed the webinars, which provided insights into market trends and trading strategies that I could apply immediately to also one of their most important aspects, their Demo Account. They offer Demo Accounts where you can practice, and test your skills which is great especially when you are trying to learn or have any doubts.
