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Want to see if FxPro is a legit broker? Is it safe to trade? It spread is high or low? How long to deposit or withdraw funds?

We provide answers to all the questions in this FxPro Review.

We checked all FxPro licenses and regulations to see if FxPro scam or safe. We compared FxPro fees like spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review.

What is FxPro

FxPro is a UK Forex broker, established in 2006 also with additional entities in various global financial centers.

The company operates under the license of top-tier FCA in the UK and further received licenses from CySEC in Cyprus and South African FSCA, DFSA in Dubai and more.

FxPro highlights

🗺️ Regulated inUK, Cyprus, South Africa, Dubai, Bahamas
🛡️ Is FxPro safe to tradeYes
💵 EUR/USD spread1.8 pips
🏦 DepositBank Wire, Cards, Skrill, Neteller, PayPal
💰 Minimum depositUS$100
🏦 WithdrawalBank Wire, Cards, Skrill, Neteller, PayPal
💻 Trading platformMT4, MT5, FxPro Edge, cTrader
💳 Trading marketsForex, CFDs on Futures, Indices, Shares, Metals, Energies
📈 Number of product260+
📉 Live chat responseInstant and relevant answers

Regulation

License and regulation are the crucial to traders’ fund security. There are two facts checked, the broker’s license and its background, second how are you protected if something goes wrong.

Is FxPro legit

FxPro is regulated by several financial authorities, it is based in the UK and falls under top tier regulation by FCA.

The broker expanded globally with South Africa entity and obtain license from the South African Financial Sector Conduct Authority (FSCA). Cyprus license and Europe crossbreeds are issued by Cyprus Securities and Exchange Commission (CySEC), MENA zone is operated via DFSA license in Dubai and international proposal covered with global Bahamas entity.

FxPro licenses and status

EntityRegistered inRegulatorLicense no.Status
FxPro UK LimitedUKFinancial Conduct Authority (FCA)509956 Currently Regulated
FxPro Financial Services LimitedCyprusCyprus Securities and Exchange Commission (CySEC) 078/07Currently Regulated
FxPro Financial Services LtdSouth AfricaFinancial Sector Conduct Authority (FSCA)FSP 45052Currently Regulated
FxPro Global Markets MENA LimitedDubaiSeychelles Financial Services Authority (FSA) F003 Currently Regulated
FxPro Global Markets LtdBahamasSecurities Commission of the Bahamas (SCB)SIA-F184 Registered
FxPro Review – FCA License
FxPro Review – FCA License

Is FxPro safe

Yes, FxPro is considered safe because it is regulated by the top-tier regulator and hold additional licenses.

FxPro operates 5 entities and is fully authorized in each jurisdiction. FxPro’s headquarter and European, South African, Dubai entities are regulated according to local regulators considered safe. However, international and global proposal is operated by entity in offshore zone Bahamas.

FxPro compensation scheme

EntityCompensation AmountNegative Balance Protection
FxPro UK Limited£85,000Yes
FxPro Financial Services Limited€20,000Yes
FxPro Financial Services LtdNo compensationYes
FxPro Global Markets MENA LimitedNo compensationYes
FxPro Global Markets LtdNo compensationYes

We recommend to register account with the UK entity if it is available for you since we consider its regulations the best

FxPro provides negative balance protection for the traders, where balance converts to 0 in case trades go negative.

Markets and Products

At FxPro you can tradeForex, CFDs on Stocks, Indices, Futures, Oil, Metals and Cryptocurrencies.

MarketsInstruments
Forex70
Indices14
Commodities6
Cryptocurrencies5
Shares140

Account types

FxPro has a single account.

Micro Accounts and Swap-free accounts or Islamic Accounts are available upon request. VIP Account is also entitled for trader of larger volumes offering discount on commission and spreads.  

Login

Login Account is on FxPro website, where you register account step by step and login to FxPro account management area.

Direct

FxPro Direct is online account area based on web, where you get full control and connectivity over your FxPro account after login or registration.  

FxPro Review –Account Opening
FxPro Review –Account Opening

Fees and commissions

We ranked FxPro fee levels low and average based on Live Account Spreads and compared to 150 brokers in our database.

The spread we collected for popular instruments from 6 markets and over 150 brokers

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

FxPro fees are built into a variable spread for MetaTrader and FxPro platforms, cTrader users will be charged 45$ per million traded.  

As broker advertises its spreads are tight with no commission charges. On our test trades via MT5 the average spreads are high for Stocks and Indices compared to industry benchmarks.

MarketsInstrumentsStandard accountOther brokers’ avg spread
ForexEUR/USD1.81-1.5
IndicesUS 5002.80.5-1.4
CommoditiesGold0.270.5-2
StocksTesla2.210.6-1
ETFsUS Russell 20000.5-1.4
CryptocurrenciesBitcoin47.50.6-0.9%

Other Fees

FxPro has low non-trading fees. There is no fee for deposit, or withdrawals, or inactivity fee.

Trading Conditions

The trading conditions at FxPro are good. Almost all trading strategies are allowed including scalping and hedging.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

For hedging, there is no time limitation.

Scalping is allowed too, FxPro cooperating with BeeksFX for VPS service for MT4 and supporting Expert Advisors (EAs) with no restrictions.

Trading with leverage is offered, but the change of leverage and its maximum levels depending on the entity regulations and goes up to 1:500.

Deposit

FxPro charges no deposit fees. You can use bank transfer, credit cards, PayPal, and e-payments. The full range is different for each jurisdiction.

A bank transfer can take several business days, and payments with credit/debit cards and e-wallets are instant.

Deposit MethodFunding TimeFee
Bank Wire TransferWithin 1 Working Day 0$
Credit / Debit CardUsually within 10 min0$
Skrill, NetellerUsually within 10 min0$
PayPal, Union PayUsually within 10 min0$
FxPro Review – Deposit and withdrawal – Deposit
FxPro Review – Deposit and withdrawal – Deposit

Minimum Deposit

The minimum deposit requirement for FxPro accounts is recommended 1000$.   

Withdrawal

Similar to deposits FxPro covers fees for withdrawals.

Withdrawals are processed 1-2 business days, plus additional days for money to appear on your account due to payment providers.

Withdrawal MethodWithdrawal TimeFee
Bank Wire Transfer1 Working DayFree
Credit / Debit Card1 Working DayFree
Skrill, Neteller1 Working DayFree
PayPal, UnionPay1 Working DayFree

Bonus

No, FxPro does not offer bonuses due to regulations.

Trading Platform

FxPro offers great variety of platforms including popular MetaTrader4 and MetaTrader5, the proprietary FxPro Edge and cTrader.

MT4

FxPro MetaTrader4 is also packed with additional tools like MT4 Autochartics and supporting multiple languages, available across all devices on Windows, Mac, and Mobile Apps for Android and IOs.

MT5

FxPro Review – MT5 platform
FxPro Review – MT5 platform

cTrader

A popular choice of professionals and active traders is available, we also found FxPro cTrader enhanced with advanced infrastructure, custom cBots and indicators.   

Research and Tools

FxPro has good research tools.

Fundamental data is provided and technical tool inbuilt into platforms are widely offered, ‘Tools’ tab in FxPro Direct gives access to various services including FxPro Squawk, FxPro Dashboard, Trading Central, Economic Calendar, and Market News. 

FxPro research tools are available in different places:

  • Offered trading platforms
  • Tools section on the website
  • FxPro Direct
FxPro Review – Research
FxPro Review – Research

Education

FxPro education content is wide and good. You can learn through trading videos, Webinars, localy held Seminars, infographics, trading tools and daily outlooks.

Demo Account

Demo account is offered on free basis and available for all platforms.

FxPro education is overall good experience and you can learn in the:

  • Demo account
  • Trading videos and ebooks
  • Webinars, Seminars
  • Educational articles
  • ‘Tools’ on Website and FxPro Direct
FxPro Review – Education
FxPro Review – Education

Customer Service

FxPro customer service is good, FAQ section has answered common issues and Live agents are helpful supporting various languages, we also got fast answer via the Live Chat.

From the downside Customer Support availably 24/5 and available by:

  • Live chat
  • Telephone
  • Email
FxPro Review – Customer Service – FAQ

FxPro live chat is an average speed we connected with a little delay, Chat is also available on the platform

Question AskedWe asked about trading bonus.
Time of ReplyWe were connected to customer support Live Chat after not very long but waiting
Quality of ReplyThe answer was informative, refereeing to relevant entity proposal

Conclusion

FxPro is a safe broker to trade.

The company is well-regulated by various authorities including top-tier FCA and has good reputation. FxPro offers flexibility between selection of the platform making it suitable for beginners or professionals, also supporting with good education.

From the downsides, costs and spreads for some instruments like Stocks are high compared to industry.

We recommend FxPro for beginning traders and advanced traders who prefer flexibility between trading platforms, or run of various strategies including auto trading.  

Author of this review

By Jimmy O'Brien

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.

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