FXPro is a renowned Forex and CFD provider established in 2006 and headquartered in the United Kingdom. The broker also maintains other offices in Cyprus, UAE, and the Bahamas, with millions of clients in more than 170 countries worldwide. Along with its remarkable popularity among traders and industry experts, FXpro is also well-known for its partnership and associations with big brands such as the McLaren Formula 1 Team and Yacht Club De Monaco.
FXPro connects traders to a wide range of over 2100+ global markets including Forex, shares, spot indices, futures, spot metals, and spot energies. Traders are also provided with a diverse selection of trading platforms, including MetaTrader 4 and 5, cTrader, and its exclusive platform, FXPro Edge. The account types offered are tailored to each of these trading platforms and come with unique features, benefits, and trading conditions, which makes it an ideal platform for traders who have varying preferences and trading styles.
FXPro also stands out for its competitive pricing and low trading fees. The broker operates a No Dealing Desk (NDD) model, which means that it does not act as a market maker, but rather connects clients with liquidity providers to execute trades at the best possible prices. This results in tight spreads and fast trade execution speeds, with no requotes or slippage.
Suitable For – Beginners, professionals, active traders, scalping, algorithmic trading, and high-volume traders.
Table of Contents
FXPro Broker Features
| Broker | FXPro |
|---|---|
| Established | 2006 |
| Head Office | 13-14 Basinghall str., London, EC2V 5BQ, UK |
| Regulations | FCA (United Kingdom), CySEC (Europe), SFCA (South Africa), and SCB (Bahamas) |
| Broker Type | No Dealing Desk |
| Product Offering | CFDs |
| Trading Platforms | FXPro Edge, MetaTrader4, MetaTrader5 and cTrader |
| Instruments | Forex, futures, indices, shares, metals and energies. |
| Minimum Deposit | $100 |
| Base Currencies | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR. |
| Account Types | MT4 Instant Account, MT4 Fixed Spread Account, MT5 Acccount, cTrader Account, FxPro EDGE CFD Account |
| Pricing Model | Metatrader 4 Instant Account – Floating spreads (zero commission). Metatrader 4 Fixed Spread Account – Fixed spreads on 7 major FX pairs and floating spreads on all other instruments. Metatrader 5 Account – Spreads (zero commission). MT4 Raw Spread Account – Spreads and a commission of $3.50 per lot. cTrader platform Account – Floating spreads with a commission of $35 per $1 million USD traded. |
| Spread Types | Floating and Fixed spreads |
| Maximum Leverage (FX) | International Traders – 1:200 EU & UK Traders – 1:30 |
| Trade Size | Micro (0.01), Nano (0.1), and Standard (1.0) |
| Demo Account | Available | Open Demo Account |
| Trading Times | 24/5 FX trading (halted between 10: 00 PM – 10:00 PM UK time) |
| Payment Options | Bank Transfer, Broker To Broker Transfer, Credit/ Debit Cards and Paypal, Skrill, and Neteller. |
| Supported Languages | Arabic, Chinese, Czech, English, French, German, Greek, Hungarian, Italian, Japanese, Korean, Malaysian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai, Turkish, and Vietnamese. |
| Customer Service | Telephone, Live Chat, and E-mail. |
Pros of FXPro
- Regulated by top-tier financial regulatory bodies across the world including the FCA, CySEC, SFCA, and SCB.
- Offers true No Dealing Desk execution.
- Ultra-fast order execution speed.
- Great customer support service.
Cons of FXPro
- The demo account duration is limited to 180 days.
- Does not accept residents from the United States.
Regulation
FXPro is licensed and regulated by top-tier financial regulatory bodies around the world, making it a safe broker to trade with. These regulatory bodies establish rules and standards for the qualification of financial institutions and also ensure their consistent compliance. The regulatory bodies under which FXPro is licensed and regulated are;
- The Financial Conduct Authority (registration number 509956).
- Cyprus Securities and Exchange Commission (license number 078/07).
- The South Africa Financial Sector Conduct Authority (authorization number 45052).
- The Securities Commission of The Bahamas (license no. SIA-F184).
Account Types
FXPro offers different account types, tailored to suit different styles and levels of traders, thereby allowing traders to have a more personalized trading experience. The account types offered include;
- FXPro MT4 Instant Account
- FXPro MT4 Account
- FXPro MT5 Account
- FXPro cTrader Account
- FXPro Edge Account
FXPro MT4 Instant Account Details
| Account Type | FXPro MT4 Instant Account |
|---|---|
| CFD Instruments | Forex, Metals, Indices, Energies, Futures, Shares |
| Platforms Available | MetaTrader 4 Desktop MT4 WebTrader MT4 mobile app for iOS / Android |
| Trade Sizes | FX, Metals, Indices & Futures: 0.01 (micro lots) and upwards Energies & Shares: 1 and upwards |
| Trading Costs | All instruments: Spread only (0 commission) ‘MT4 fixed spreads’ applies to only 7 major pairs Swaps/rollovers are applied when a trade is kept open overnight. |
| Min Stop Levels | 1 pip minimum from current/ entry price. |
| Execution Type | Instant Execution |
| Netting / Hedging by Default | Hedging |
| Trading Times | 24/5 FX trading (halted between 10: 00 PM – 10:00 PM UK time) |
| Execution Model | No Dealing Desk Intervention |
| Stop Out | 50% (All FxPro entities) |
FXPro MT4 Account Details
| Account Type | FXPro MT5 Account |
|---|---|
| CFD Instruments | Forex, Metals, Indices, Energies, Futures, and Shares. |
| Platforms Available | MetaTrader 4 Desktop MT4 WebTrader MT4 mobile app for iOS / Android |
| Trade Sizes | FX, Metals, Indices & Futures: 0.01 (micro lots) and upwards Energies & Shares: 1 and upwards |
| Trading Costs | All instruments: Spread only (0 commission) Swaps/rollovers are applied when a trade is kept open overnight. |
| Min Stop Levels | 1 pip minimum from current/ entry price. |
| Execution Type | Market Execution |
| Netting / Hedging by Default | Hedging |
| Trading Times | 24/5 FX trading (halted between 10: 00 PM – 10:00 PM UK time) |
| Execution Model | No Dealing Desk Intervention |
| Stop Out | 50% (All FxPro entities) |
FXPro MT5 Account Details
| Account Type | FXPro MT5 Account |
|---|---|
| CFD Instruments | Forex, Metals, Indices, Energies, and Futures. |
| Platforms Available | MetaTrader 5 Desktop MT5 WebTrader MT5 mobile app for iOS / Android |
| Trade Sizes | FX, Metals, Indices & Futures: 0.01 (micro lots) and upwards Energies & Shares: 1 and upwards |
| Trading Costs | All instruments: Spread only (0 commission) Swaps/rollovers are applied when a trade is kept open overnight. |
| Min Stop Levels | 1 pip minimum from current/ entry price. |
| Execution Type | Market Execution. |
| Netting / Hedging by Default | Netting (hedging available on request). |
| Trading Times | 24/5 FX trading (halted between 10: 00 PM – 10:00 PM UK time) |
| Execution Model | No Dealing Desk Intervention. |
| Stop Out | 50% (All FxPro entities) |
FXPro cTrader Account Details
| Account Type | FXPro cTrader Account |
|---|---|
| CFD Instruments | Forex, Metals, Indices, and Energies. |
| Platforms Available | cTrader Desktop cTrader WebTrader cTrader mobile app for iOS / Android |
| Trade Sizes | FX, Metals, Indices & Futures: 0.01 (micro lots) and upwards Energies & Shares: 1 and upwards |
| Trading Costs | FX & Metals: Reduced Spread plus $45 per $1 million traded (upon opening and closing a position). Indices & Energies: Spread only (0 commission) Swaps/ rollovers are applied when a trade is kept open overnight. |
| Min Stop Levels | No minimum |
| Execution Type | Market Execution |
| Netting / Hedging by Default | Hedging |
| 24/5 FX trading (halted between 10: 00 PM – 10:00 PM UK time) | |
| Execution Model | No Dealing Desk Intervention. |
| Stop Out | 50% (All FxPro entities) |
FXPro Edge Account Details
| Account Type | FXPro Edge Account |
|---|---|
| CFD Instruments | Forex, Metals, Indices, Energies, Futures, and Shares |
| Platforms Available | FxPro mobile app for iOS/Android FxPro EDGE web MT4 platform ranges |
| Trade Sizes | FX, Metals, Indices & Futures: 0.01 (micro lots) and upwards Energies & Shares: 1 and upwards |
| Trading Costs | All instruments: Spread only (0 commission) Swaps/ rollovers are applied when a trade is kept open overnight. |
| Min Stop Levels | 1 pip minimum from current/ entry price. |
| Execution Type | Market Execution |
| Netting / Hedging by Default | Hedging |
| Trading Times | 24/5 FX trading (halted between 10: 00 PM – 10:01 PM UK time) |
| Execution Model | No Dealing Desk Intervention. |
| Stop Out | 50% (All FxPro entities) |
How To Open an FXPro Live Account
Opening an FXPro account is hassle-free and the registration process takes a few minutes to complete. To open an account with FXPro;
- Visit their official website here
- Click on the ‘Register’ icon on the top right corner of FxPro’s homepage
- Follow the steps required to complete the sign-up process.
- After completing the sign-up process, you will automatically receive an email with your platform credentials to the email address you provided during the sign-up process.
- Login to your FxPro account using the login credentials given to you. From there, you can upload your documents (if you haven’t), manage your account, trade, download trading platforms and fund your account.
Asset Classes
FXPro provides clients with a wide variety of asset classes, although they offer a limited range of instruments to trade, compared to other industry-standard brokers. The broker offers 6 asset classes along with over 216+ instruments to trade. The asset classes offered by FXPro include forex, futures, indices, shares, metals, and energies.
FXPro Asset Class Details
| Assets Classes | Assets |
|---|---|
| Forex | 70+ FX pairs |
| Shares CFDs | 156 shares, including US, UK, French and German Shares |
| Commodities | CFDs on over 17 commodities including metals and energies. |
| Futures | |
| Indices |
Spreads and Commission
FXPro offers great spreads on their instruments, although it still turns out to be a little bit higher than other industry-standard brokers. On the flip side, other brokers offer lower spreads and a little commission, while FXPro does not charge commissions across all their account types, except on the FXPro cTrader account which comes with reduced spreads (starting from 0 on major FX pairs) and a small commission ($45 per $1 million traded) attached.
Also, FXPro offers an MT4 Fixed Spread account which has fixed spreads on 7 major FX pairs.
Trading Fees
FXPro offers a very transparent fee structure and no hidden or unnecessary fees are incurred by their clients. Fees charged by the broker can be seen in the table below.
| Fee Type | Details |
|---|---|
| Deposit Fee | Free |
| Withdrawal Fee | Free |
| Inactivity Fee | $15 after 3 months of inactivity |
| Overnight Fee (Swap) | The fee charged depends on the asset and position size being traded. |
Deposit and Withdrawal
FXPro offers a variety of funding and withdrawal options which can be categorized into three. They include bank transfers, electronic payments, and card payments.
- Bank Payments – Bank Transfers
- Card Payments – Maestro, Mastercard, VISA, and American Express.
- Electronic Payment – Neteller, SkrilI, and UnionPay.
Account funding and withdrawals with FXPro take anywhere from 10mins to 1 business day to be processed, although this depends on the withdrawal method being used. For instance, the funding and withdrawal processing time for bank and card transfers take about 1 business day to be processed, while electronic payments are usually processed within 10mins.
Trading Platforms
FXPro provides clients with an advanced proprietary platform, as well as access to industry-leading third-party trading platforms. All trading platforms offered by the broker include;
- FXPro Edge
- MetaTrader4
- MetaTrader5 and
- cTrader
FXPro Edge
The FXPro Edge is a multi-asset web trading platform that can be accessed directly and easily from your web browser. The trading platform also comes in a mobile version, which is available for iOS and Android users and can be downloaded from the Appstore and Playstore respectively.
The FXPro Edge trading platform is designed for traders who prefer trading from the web or have difficulties with installing other trading software. It comes fully packed with advanced trading tools and features, including over 50+ technical indicators and charting tools, detachable chart windows; useful trading widgets; a customizable layout, 6 chart types with 15 timeframes, dark/light themes, and more.
FXPro Trading Platforms Details
| Broker | FXPro |
|---|---|
| Proprietary Trading Platform | Yes |
| PC Platform | Yes |
| Web Platform | Yes |
| Social Trading | No |
| Copy Trading | No |
| MetaTrader 4 | Yes |
| MetaTrader 5 | Yes |
| TradingView | No |
| cTrader | Yes |
| ZuluTrade | No |
Customer Support
FXPro prides itself on its ‘5-star customer support service’, which is one of the many sectors they pay great attention to. The broker offers a fast and highly responsive multi-lingual customer support team with support in over 29 languages, making sure they offer quality support to all their clients around the world.
The support team can be reached via live chat, telephone, and email and is available 24/5 every day except on weekends. FXPro also offers a very insightful and comprehensive FAQ section that covers topics such as client safety, account types, account verification, trading platforms, deposit and withdrawals, and much more.
Summary
FXPro was established in 2006 and now serves over 1.8 million traders in 170+ countries worldwide, this shows that they are doing something right.
Along with getting a tremendous amount of recognition and building a good reputation, FXPro also standouts out as a highly competitive broker among its counterparts in the trading industry. This is due to the top-notch trading tools and services provided by the broker, which include; No Dealing Desk execution, advanced trading systems, ultra-low latency, ultra-fast order execution time, advanced online trading tools, and great customer support service, a variety of top-grade trading platforms and lots more.