FxPro Review

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 in	UK, Cyprus, South Africa, Dubai, Bahamas
🛡️ Is FxPro safe to trade	Yes
💵 EUR/USD spread	1.8 pips
🏦 Deposit	Bank Wire, Cards, Skrill, Neteller, PayPal
💰 Minimum deposit	US$100
🏦 Withdrawal	Bank Wire, Cards, Skrill, Neteller, PayPal
💻 Trading platform	MT4, MT5, FxPro Edge, cTrader
💳 Trading markets	Forex, CFDs on Futures, Indices, Shares, Metals, Energies
📈 Number of product	260+
📉 Live chat response	Instant 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

Entity	Registered in	Regulator	License no.	Status
FxPro UK Limited	UK	Financial Conduct Authority (FCA)	509956	Currently Regulated
FxPro Financial Services Limited	Cyprus	Cyprus Securities and Exchange Commission (CySEC)	078/07	Currently Regulated
FxPro Financial Services Ltd	South Africa	Financial Sector Conduct Authority (FSCA)	FSP 45052	Currently Regulated
FxPro Global Markets MENA Limited	Dubai	Seychelles Financial Services Authority (FSA)	F003	Currently Regulated
FxPro Global Markets Ltd	Bahamas	Securities Commission of the Bahamas (SCB)	SIA-F184	Registered

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

Entity	Compensation Amount	Negative Balance Protection
FxPro UK Limited	£85,000	Yes
FxPro Financial Services Limited	€20,000	Yes
FxPro Financial Services Ltd	No compensation	Yes
FxPro Global Markets MENA Limited	No compensation	Yes
FxPro Global Markets Ltd	No compensation	Yes

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.

Markets	Instruments
Forex	70
Indices	14
Commodities	6
Cryptocurrencies	5
Shares	140

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.  

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

Markets	Instruments	Low	Average	High
Forex	EUR/USD	0.1-0.9	1-1.5	1.6 or higher
Indices	US 500	0.1-0.4	0.5-1.4	1.5 or higher
Commodities	Gold	0.1-0.4	0.5-2	2.1 or higher
Stocks	Tesla	0.1-0.5	0.6-1	1.1 or higher
ETFs	US Russell 2000	0.1-0.4	0.5-1.4	1.5 or higher
Cryptocurrencies	Bitcoin	0.1-0.5%	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.

Markets	Instruments	Standard account	Other brokers’ avg spread
Forex	EUR/USD	1.8	1-1.5
Indices	US 500	2.8	0.5-1.4
Commodities	Gold	0.27	0.5-2
Stocks	Tesla	2.21	0.6-1
ETFs	US Russell 2000	–	0.5-1.4
Cryptocurrencies	Bitcoin	47.5	0.6-0.9%

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 Conditions	Yes/No
Hedging Allowed	Yes
Scalping Allowed	Yes
Change Leverage Allowed	Yes

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 Method	Funding Time	Fee
Bank Wire Transfer	Within 1 Working Day	0$
Credit / Debit Card	Usually within 10 min	0$
Skrill, Neteller	Usually within 10 min	0$
PayPal, Union Pay	Usually within 10 min	0$

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 Method	Withdrawal Time	Fee
Bank Wire Transfer	1 Working Day	Free
Credit / Debit Card	1 Working Day	Free
Skrill, Neteller	1 Working Day	Free
PayPal, UnionPay	1 Working Day	Free

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

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

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

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

Question Asked	We asked about trading bonus.
Time of Reply	We were connected to customer support Live Chat after not very long but waiting
Quality of Reply	The 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.