FXPro Review

Established in 2006 by FXPro Limited, FXPro is a global leading CFD broker, connecting traders to a variety of global markets including Forex, shares, spot indices, futures, spot metals and spot energies. 

FXPro serves over 1.8 million traders in 170 countries worldwide, providing retail and institutional traders with tailored trading services and solution designed to suit different styles (such as scalping, day trading, algorithmic trading etc), as well as different levels of traders including novice and professional traders.

With FXPro, traders can enjoy a number of substantial trading services and solutions which includes true no dealing desk Execution, a strong regulatory framework, advanced trading systems, low latency, ultra-fast order execution, an impressively responsible customer support service, a variety of top-grade trading platforms and lots more.

VISIT FXPro

FXPro Broker Details

BrokerFXPro
Established2006
Head Office13-14 Basinghall str., City of London, EC2V 5BQ, UK
RegulationsFCA (United Kingdom), CySEC (Europe), SFCA (South Africa) and SCB (Bahamas)
Trading Desk Type
(Broker Type)
No Dealing Desk
Ways To TradeCFDs
Trading PlatformsFXPro Edge, MetaTrader4, MetaTrader5 and cTrader
PC TradingAvailable
Mobile TradingAvailable
Web TradingAvailable
Asset ClassesForex, futures, indices, shares, metals
and energies.
Minimum Deposit$100
Base CurrenciesUSD, EUR, GBP, CHF, PLN,
AUD, JPY, ZAR.
Pricing ModelMT4 Instant Execution – floating & fixed spreads
MT4 Market Execution – floating spreads
MT5 (floating spreads) 
cTrader Market Execution 
(floating spreads plus commission 45USD/million)
FxPro Market Execution (floating spreads)
Maximum Leverage 
(FX)
EU & UK Traders – 1:30
International Traders – 1:200
Spread Type(s)Floating and Fixed spreads
Minimum Trade Size0.01 Lot
Demo AccountAvailable
FundingBank Transfer, Broker To Broker Transfer,
Credit/ Debit Cards and Paypal,
Skrill, Neteller.
EA TradingYes
ScalpingYes
HedgingYes
VIP ServicesYes
BonusNo
Supported LanguagesArabic, Chinese, Czech, English, French, German, Greek, Hungarian, Italian, Japanese, Korean, Malaysian, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Thai, Turkish and Vietnamese.
Customer ServiceCall back, Telephone, Live Chat and Email. 

FXPro Pros & Cons

PROS
  • Regulated by top tier financial regulatory bodies across the world including the FCA (United Kingdom), cySEC (Europe) SFCA (South Africa) and SCB (Bahamas).
  • True No Dealing Desk Execution broker.
  • Advanced trading systems.
  • Ultra-low latency
  • Ultra-fast order execution time.
  • Advanced online trading tools.
  • Great customer support service.
  • A variety of top-grade trading platform
  • Suitable for both beginner and professional traders.
CONS
  • Does not accept traders from the United States.
  • Limited range of instruments to trade, compared to other industry-standard brokers.

FXPro License and 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 (licence number 078/07).
  • The South Africa Financial Sector Conduct Authority (authorisation number 45052).
  • The Securities Commission of The Bahamas (license no. SIA-F184).

FXPro Account Types

FXPro offers different account types, tailored to suit different styles and levels of traders, thereby allowing traders to have a more personalised trading experience. The account types offered includes;

  • FXPro MT4 Instant Account
  • FXPro MT4 Account
  • FXPro MT5 Account
  • FXPro cTrader Account
  • FXPro Edge Account

FXPro MT4 Instant Account Details

Account TypeFXPro MT4 Instant Account
CFD InstrumentsForex, Metals, Indices, Energies, Futures, Shares
Platforms AvailableMetaTrader 4 desktop
MT4 WebTrader
MT4 mobile app for iOS / Android
Trade SizesFX, Metals, Indices & Futures: 0.01 (micro lots) and upwards
Energies & Shares: 1 and upwards
Trading CostsAll 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 Levels1 pip minimum from current/ entry price.
Execution TypeInstant Execution
Netting / Hedging by DefaultHedging
Trading Times24/5 FX trading (halted between 10: 00 PM – 10: 01 PM UK time)
Execution ModelNo Dealing Desk Intervention
Stop Out50% (All FxPro entities)

FXPro MT4 Account Details

Account TypeFXPro MT5 Account
CFD InstrumentsForex, Metals, Indices, Energies, Futures and Shares.
Platforms AvailableMetaTrader 4 desktop
MT4 WebTrader
MT4 mobile app for iOS / Android
Trade SizesFX, Metals, Indices & Futures: 0.01 (micro lots) and upwards
Energies & Shares: 1 and upwards
Trading CostsAll instruments: Spread only (0 commission)
Swaps/rollovers are applied when a trade is kept open overnight.
Min Stop Levels1 pip minimum from current/ entry price.
Execution TypeMarket Execution
Netting / Hedging by DefaultHedging
Trading Times24/5 FX trading (halted between 10: 00 PM – 10: 01 PM UK time)
Execution ModelNo Dealing Desk Intervention
Stop Out50% (All FxPro entities)

FXPro MT5 Account Details

Account TypeFXPro MT5 Account
CFD InstrumentsForex, Metals, Indices, Energies and Futures.
Platforms AvailableMetaTrader 5 desktop
MT5 WebTrader
MT5 mobile app for iOS / Android
Trade SizesFX, Metals, Indices & Futures: 0.01 (micro lots) and upwards
Energies & Shares: 1 and upwards
Trading CostsAll instruments: Spread only (0 commission)
Swaps/rollovers are applied when a trade is kept open overnight.
Min Stop Levels1 pip minimum from current/ entry price.
Execution TypeMarket Execution.
Netting / Hedging by DefaultNetting (hedging available on request).
Trading Times24/5 FX trading (halted between 10: 00 PM – 10: 01 PM UK time)
Execution ModelNo Dealing Desk Intervention.
Stop Out50% (All FxPro entities)

FXPro cTrader Account Details

Account TypeFXPro cTrader Account
CFD InstrumentsForex, Metals, Indices and Energies.
Platforms AvailablecTrader Desktop
cTrader WebTrader
cTrader mobile app for iOS / Android
Trade SizesFX, Metals, Indices & Futures: 0.01 (micro lots) and upwards
Energies & Shares: 1 and upwards
Trading CostsFX & 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 LevelsNo minimum
Execution TypeMarket Execution
Netting / Hedging by DefaultHedging
Trading Times24/5 FX trading (halted between 10: 00 PM – 10: 01 PM UK time)
Execution ModelNo Dealing Desk Intervention.
Stop Out50% (All FxPro entities)

FXPro Edge Account Details

Account TypeFXPro Edge Account
CFD InstrumentsForex, Metals, Indices, Energies, Futures and Shares
Platforms AvailableFxPro mobile app for iOS/Android FxPro EDGE web
MT4 platform ranges
Trade SizesFX, Metals, Indices & Futures: 0.01 (micro lots) and upwards
Energies & Shares: 1 and upwards
Trading CostsAll instruments: Spread only (0 commission)
Swaps/ rollovers are applied when a trade is kept open overnight.
Min Stop Levels1 pip minimum from current/ entry price.
Execution TypeMarket Execution
Netting / Hedging by DefaultHedging
Trading Times24/5 FX trading (halted between 10: 00 PM – 10: 01 PM UK time)
Execution ModelNo Dealing Desk Intervention.
Stop Out50% (All FxPro entities)

How To Open An FXPro Live Account

Opening an FXPro account is hassle-free and the registration process takes 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 have 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 Offered By FXPro

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 includes forex, futures, indices, shares, metals and energies.

FXPro Asset Class Details

Assets ClassesAssets
Forex70+ FX pairs
Shares CFDs156 shares, including US, UK, French and German Shares
CommoditiesCFDs on over 17 commodities including metals and energies.
Futures
Indices

FXPro Spreads and Commission

FXPro offers greats 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.

FXPro 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 TypeDetails
Deposit FeeFree
Withdrawal FeeFree
Inactivity Fee$15 after 3 months of inactivity
Overnight Fee (Swap)The fee charged depends
on the asset and position size being traded.

FXPro Account Deposit and Withdrawal Details

FXPro offers a variety of funding and withdrawal options which can be categorised 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 takes 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 cards transfers take about 1 business day to be processed, while electronic payments are usually processed within 10mins.

FXPro 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 includes;

  • FXPro Edge
  • MetaTrader4
  • MetaTrader5 and
  • cTrader

FXPro Edge

FXPro Edge
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 with includes; over 50+ technical indicators and charting tools, detachable chart windows; useful trading widgets; customisable layout, 6 chart types with 15 timeframes, dark/light themes and more.

FXPro Trading Platforms Details

BrokerFXPro
Proprietary Trading PlatformYes
PC PlatformYes
Web PlatformYes
Social TradingNo
Copy TradingNo
MetaTrader 4Yes
MetaTrader 5Yes
TradingViewNo
cTraderYes
ZuluTradeNo

FXPro 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 are available from 24/5 every day except on weekends. FXPro also offers a very insightful and comprehensive FAQ section that covers topics such as clients safety, account types, account verification, trading platforms, deposit and withdrawals and much more.

Summary

FXPro was established in 2006 and now serve over 1.8 million traders in 170+ countries worldwide, this shows that they are definitely 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 includes; No Dealing Desk execution, advanced trading systems, ultra-low latency, ultra-fast order execution time, advanced online trading tools, great customer support service, a variety of top-grade trading platforms and lots more.

FXPro FAQ

Is FXPro regulated?

Yes, FXPro is licensed and regulated across multiple jurisdictions by top tier financial regulatory bodies around the world, making it a safe broker to trade with. The regulatory bodies under which FXPro is licensed and regulated include;

  • The Financial Conduct Authority (registration number 509956).
  • Cyprus Securities and Exchange Commission (licence number 078/07).
  • The South Africa Financial Sector Conduct Authority (authorisation number 45052).
  • The Securities Commission of The Bahamas (license no. SIA-F184).

Is FXPro an ECN broker?

No, FXPro is not an ECN broker, but a true No Dealing Desk Execution broker which means that they execute client orders with no dealing desk intervention.

With no dealing desk intervention, there is no middleman between the trader and the market and clients can trade using the exchange rates that big banks and institutions use to trade amongst themselves.

How do I open a live account on FXPro?

To open an FXPro live account;

  • 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 have 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.

What is FXPro’s minimum deposit?

The minimum initial required deposit on FXPro is $100.

How long do withdrawals take with FXPro?

The withdrawal processing time with FXPro takes anywhere from 10mins to 1 business day, although this depends on the withdrawal method being used. For instance, the withdrawal processing time for bank and cards transfers take about 1 business day to be processed, while electronic payments are usually processed within 10mins.

Does FXPro accept US Traders?

No, FXPro does not accept traders from the United States.

Does FXPro allow scalping?

Yes, FXPro allows scalping and provides great trading conditions for scalpers.

Does FXPro allow hedging?

Yes, FXPro allows hedging on all their account types, except on the MT5 account which is Netting by default.