FxPro Overall rating
| Rating | Weight | |
| User Rating |
4.1 (156 reviews)
 |
3 |
| Popularity |
4.5
|
3 |
| Regulation |
5.0
|
2 |
| Pricing rating |
4.5
|
1 |
| Features |
Not rated
|
1 |
| Customer Support |
Not rated
|
1 |
Pros
- Highly rated by users with a 4.3 out of 5 score
- Ranked 10th by expert ratings among 1102 brokers
- Established in 2006, providing years of experience in the industry
- Multiple regulatory licenses ensuring security and trustworthiness
- Offers a wide range of trading platforms including MT4, MT5, cTrader, and FxPro Terminal
- Segregated client money for added security
Cons
- Average spreads slightly higher compared to market leaders
- Does not provide its financials publicly
- Not licensed as a bank
- High swap rates for some instruments
We tested FxPro using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
FxPro is a well-established broker in the forex industry, having been founded in 2006. It is regulated by several reputable authorities, including the UK FCA, the ZA FSCA in South Africa, and the BS SCB in the Bahamas.
These regulatory licenses ensure that FxPro adheres to strict standards of financial conduct, including segregating client money from operating capital and providing negative balance protection.
User reviews rate FxPro highly, with an average score of 4.3 out of 5 based on 154 total reviews, 55 of which are from verified real trading accounts. This broker is ranked 24th out of 1102 forex brokers based on user ratings and 10th based on our expert's rating.
With a popularity rating of 4.5 out of 5 and over 1.26 million organic monthly visits, FxPro is a popular choice among traders. However, it's essential to remember that even highly regulated and successful financial firms have failed in the past.
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| FxPro Financial Services Ltd |
|
up to €20,000
|
|
|
30 : 1 | |
| FxPro UK Limited |
|
up to £85,000
|
|
|
30 : 1 | |
| FxPro Financial Services Limited |
|
|
|
|
200 : 1 | |
| FxPro Global Markets Ltd |
|
|
|
|
200 : 1 |
Deposit Insurance
FxPro provides deposit insurance through its regulatory frameworks. In the UK, it is covered by the Financial Services Compensation Scheme (FSCS), which compensates investors if an authorized financial firm fails and in Cyprus by the Investor Compensation Fund (ICF).
This provides a level of security for traders' funds, ensuring that they are protected up to a certain amount. Additionally, FxPro segregates client money from its operating capital, which adds another layer of protection.
While the South African ZA FSCA and the Bahamas BS SCB do not provide a deposit compensation scheme, they do require segregated client money and offer negative balance protection.
Spreads and Costs
FxPro's average spreads and costs are slightly higher compared to some market-leading brokers. When comparing averages across asset classes, FxPro's forex average spread is 2.61, which is higher than IC Markets and Axi but in line with other competitors.
Overall, FxPro offers competitive pricing, but there are lower-cost alternatives for traders focused on minimizing spread costs.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
| Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
|---|---|---|---|---|
| FxPro – Standard | - | 2.61 | 3.32 | - |
| Tickmill – Classic | 8.86 | 2.25 | 1.91 | 0.18 |
| IC Markets – Standard | 9.29 | 1.51 | 1.23 | 0.10 |
| XM – Standard | 39.54 | 2.39 | 3.63 | - |
| Pepperstone – Standard | 10.77 | 1.91 | 2.14 | 0.09 |
| Axi – Pro | 13.81 | 1.15 | 1.55 | 0.09 |
| IG – Standard | 51.55 | 2.16 | 3.23 | 0.23 |
Note: Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool (spread analyzer), which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool.
A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types. Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission.
Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments. Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions.
Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
| Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FxPro – Standard | - | - | 1.34 | 1.71 | 3.68 | 1.56 | 3.90 | 3.44 | 4.10 | 2.53 | - | - |
| Tickmill – Classic | 16.10 | 1.61 | 1.70 | 1.96 | 2.70 | 1.89 | 2.66 | 2.61 | 1.53 | 2.28 | 0.25 | 0.01 |
| IC Markets – Standard | 15.59 | 3.00 | 0.88 | 1.14 | 1.81 | 1.37 | 2.35 | 1.49 | 1.51 | 0.96 | 0.18 | 0.02 |
| XM – Standard | 73.71 | 5.37 | 1.29 | 1.57 | 3.45 | 2.20 | 3.44 | 2.41 | 2.84 | 4.45 | - | - |
| Pepperstone – Standard | 18.54 | 3.01 | 1.14 | 1.43 | 2.82 | 1.46 | 2.68 | 1.95 | 1.46 | 2.82 | 0.17 | 0.02 |
| Axi – Pro | 25.32 | 2.30 | 0.53 | 1.15 | 1.73 | 0.72 | 1.40 | 1.40 | 1.10 | 2.00 | 0.15 | 0.02 |
| IG – Standard | 98.00 | 5.10 | 0.81 | 0.99 | 3.28 | 1.45 | 3.04 | 3.37 | 2.64 | 3.82 | 0.44 | 0.02 |
Swap Rates/Financing Fees
Swap rates, also known as overnight or rollover fees, are charges for holding a trading position overnight. Positive swap rates pay out to the trader, while negative swap rates incur a cost.
FxPro's swap rates are generally higher compared to some of its competitors. The average swap rate for FxPro is -4.03, which is higher than Tickmill and Axi, but lower than XM.
| Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
|---|---|---|---|---|---|---|---|---|
| FxPro | - | -4.03 | -0.14 | -0.15 | -3.33 | 1.02 | 19.15 | -40.75 |
| Tickmill | - | -2.24 | -0.13 | -0.13 | -2.66 | 1.27 | 20.97 | -32.76 |
| IC Markets | - | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
| XM | - | -5.29 | -0.15 | -0.19 | -3.73 | 1.12 | 19.67 | -48.45 |
| Pepperstone | - | -3.00 | -0.14 | -0.14 | -2.70 | 1.30 | 22.99 | -39.29 |
| Axi | Best | -1.57 | -0.04 | -0.13 | -2.65 | 1.40 | 20.00 | -28.00 |
| IG | - | - | - | - | - | - | - | - |
Does FxPro Offer Islamic/Swap-free Accounts?
FxPro offers Islamic accounts that are compliant with Sharia law, providing swap-free trading conditions. These accounts are designed for traders who are unable to earn or pay interest due to their religious beliefs.
To open an Islamic account with FxPro, traders must select the swap-free option during the account registration process. These accounts maintain the same trading conditions as standard accounts but without swap charges on overnight positions.
For more details, visit FxPro's Islamic Accounts page.
Other Fees
Besides spreads, commissions, and swap rates, FxPro may charge other fees such as withdrawal and inactivity fees. It is important for traders to be aware of these potential costs to fully understand the cost structure of trading with FxPro.
| Fee Type | Amount |
|---|---|
| Withdrawal Fee | Free for most methods, but bank wire transfers may incur fees |
| Inactivity Fee | $15 after 12 months of inactivity, then $5 monthly |
Comparison to other Brokers
FxPro stands out in several areas compared to other brokers. It is well-established, having been in business since 2006, and is regulated by multiple reputable authorities, including the UK FCA, CY CySEC and BS SCB. This gives FxPro a high level of trustworthiness and security.
User reviews are generally positive, with an average rating of 4.3 out of 5. FxPro is ranked 24th out of 1102 brokers based on user ratings and 10th based on expert ratings, reflecting its strong reputation in the industry.
When it comes to spreads and costs, FxPro's forex average spread is slightly higher than some of its competitors like IC Markets and Axi, but it is still competitive. In terms of swap rates, FxPro has higher rates compared to Tickmill and Axi but offers competitive rates for certain instruments.
FxPro's popularity is evident from its high web traffic, with over 1.26 million organic monthly visits, and a popularity rating of 4.6 out of 5. This indicates a strong presence and high level of interest from traders.
Overall, FxPro is a solid choice for traders looking for a well-regulated and reputable broker with a wide range of trading platforms and instruments.
Trading Platforms - Mobile, Desktop, Automated
| Platform | Type | Automated Trading | Programming Language | Ease of Learnability |
|---|---|---|---|---|
| MetaTrader 4 | Desktop, Mobile, Web | Yes | MQL4 | Moderate |
| MetaTrader 5 | Desktop, Mobile, Web | Yes | MQL5 | Moderate |
| cTrader | Desktop, Mobile, Web | Yes | C# | Difficult |
| FxPro Terminal | Desktop, Mobile | No | N/A | N/A |
FxPro offers a wide range of trading platforms, catering to different types of traders. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are highly popular platforms known for their robust features, advanced charting tools, and automated trading capabilities through the use of Expert Advisors (EAs). MT4 uses the MQL4 programming language, which is moderately easy to learn, while MT5 uses MQL5, also moderately easy but with more advanced features.
cTrader is another platform available through FxPro, known for its user-friendly interface and advanced charting tools. It supports automated trading using the C# programming language, which can be more challenging to learn compared to MQL4 and MQL5.
Finally, FxPro Terminal is the broker's proprietary platform, offering a simplified trading experience on both desktop and mobile, but it does not support automated trading.
What Can you Trade?
| Asset Class | Number of Instruments |
|---|---|
| Forex CFD | 70+ |
| Crypto CFD | 18 |
| Stock CFD | 2,000+ |
| Stock Index CFD | 19 |
| Commodities CFD | 10 |
| ETFs | - |
| Bond CFD | - |
| Futures CFD | 20+ |
FxPro offers a diverse range of instruments across various asset classes. Traders can choose from over 70 forex pairs, 18 cryptocurrency CFDs, more than 2,000 stock CFDs, 19 stock index CFDs, 10 commodities CFDs, and over 20 futures CFDs. This extensive selection allows traders to diversify their portfolios and take advantage of different market opportunities.
All trading with FxPro is done through CFDs (Contracts for Difference), which means traders do not own the underlying assets but speculate on the price movements.
This allows for leveraged trading, which can amplify both profits and losses. Leverage can provide significant opportunities but also comes with higher risks. For more details on the specific instruments available, visit FxPro's trading instruments page.
Available Leverage
FxPro offers varying leverage levels depending on the regulatory entity and the type of instrument. For retail clients under the UK FCA and ZA FSCA, the maximum leverage is 30:1. For clients under the BS SCB in the Bahamas, the maximum leverage can go up to 200:1.
Different instruments also have different leverage limits, with major forex pairs typically having higher leverage compared to more volatile assets like cryptocurrencies. Always check the specific leverage for each instrument on FxPro's platform.
Prohibited Countries
FxPro does not offer its services to residents of certain countries. These prohibited countries include the United States, Iran, Canada, and North Korea, among others. This is due to regulatory restrictions and compliance requirements. For the most up-to-date list of restricted countries, please visit FxPro's website or contact their customer support.
FxPro Account types
| MT4 (Instant, Standard, Fixed) | FxPro Edge | MT5 | cTrader | Spread Betting | |
| Commission | - | $35.00 Per Side Per 1 Million USD Traded | - | ||
| Maximum leverage | 200:1 | 30:1 | |||
| Mobile Platform | MT4 Mobile | MT4 Mobile, Proprietary | MT5 Mobile | cTrader Mobile | FxPro Edge |
| Trading platform | MT4, WebTrader | MT4, Proprietary | MT5, WebTrader | cTrader, WebTrader | WebTrader |
| Spread Type | Fixed Spread , Variable Spread | Variable Spread | |||
| Minimum Deposit | 100 | ||||
| Minimum Trade Size | 0.01 | ||||
| Trailing Stops | | - | |||
| Scalping Allowed | | - | |||
| Hedging Allowed | | | | - | |
| Islamic Accounts | | | | - | |
| MT4 (Instant, Standard, Fixed) | |
| Maximum leverage | 200:1 |
| Typical Spread | 1.3 |
| Trading platform | MT4WebTrader |
| Mobile platform | MT4 Mobile |
| Spread type | Fixed Spread Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| FxPro Edge | |
| Maximum leverage | 200:1 |
| Typical Spread | 1.58 |
| Trading platform | MT4Proprietary |
| Mobile platform | MT4 MobileProprietary |
| Spread type | Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| MT5 | |
| Maximum leverage | 200:1 |
| Typical Spread | 1.51 |
| Trading platform | MT5WebTrader |
| Mobile platform | MT5 Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| cTrader | |
| Commission | $35.00 Per Side Per 1 Million USD Traded |
| Maximum leverage | 200:1 |
| Typical Spread | 0.37 |
| Trading platform | cTraderWebTrader |
| Mobile platform | cTrader Mobile |
| Spread type | Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
| Trailing Stops | |
| Scalping Allowed | |
| Hedging Allowed | |
| Islamic Accounts |
|
| Spread Betting | |
| Maximum leverage | 30:1 |
| Typical Spread | 0.92 |
| Trading platform | WebTrader |
| Mobile platform | FxPro Edge |
| Spread type | Variable Spread |
| Minimum deposit | 100 |
| Minimum Trade Size | 0.01 |
FxPro Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
| Websites |
fxpro.com
|
| Organic monthly visits | 488,403 (98%) |
| Organic traffic rank | 43 out of 827 (Forex Brokers) |
| Paid monthly visits | 9,479 (2%) |
| Total monthly visits | 497,882 |
| Bounce rate | 50% |
| Pages per visit | 2.68 |
| Average visit duration | 00:02:31.8960000 |
FxPro Profile
| Company Name | FxPro UK Limited / FxPro Global Markets Limited |
| Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
| Primary Category | Forex Brokers |
| Year Founded | 2006 |
| Headquarters | United Kingdom |
| Office Locations | United Kingdom |
| Account Currency | AUD, CHF, EUR, GBP, JPY, PLN, USD, ZAR |
| Client funds bank | Bank of America, Barclays Bank, Royal Bank of Scotland |
| Support Languages | Arabic, Bulgarian, Chinese, English, Dutch, Finnish, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Vietnamese, Czech, Estonian, Swedish, Norwegian, Lithuanian, Croatian, Mongolian, Danish |
| Funding Methods | Bank Wire, Broker to Broker, China Union Pay, Credit/Debit Card, Neteller, PayPal, Skrill |
| Financial Instruments | Futures, Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, Spread Betting, Soft Commodities (coffee, sugar...) |
| Prohibited Countries | Afghanistan, Canada, Congo, Cuba, Iran, North Korea, Myanmar, Puerto Rico, Sudan, Somalia, Syria, United States, Yemen, Zimbabwe |
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread
FxPro User reviews
)
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.
FxPro Cashback rebates
| MT4 (Instant, Standard, Fixed) | FxPro Edge | MT5 | cTrader | Spread Betting | |
| Forex | 30.00% Of The Spread | 30.00% Of The Spread + 24.50% Per 1 Million USD Traded | 10% of the executed spread -Bet spread | ||
| Futures | 30.00% Of The Spread | - | |||
| Oil / Energies | 30.00% Of The Spread | - | |||
| Metals | 30.00% Of The Spread | 30.00% Of The Spread + 24.50% Per 1 Million USD Traded | - | ||
| Shares / Equities | 30.00% Of The Spread | - | |||
| Indices | 30.00% Of The Spread | - | |||
| Soft commodities (coffee,sugar...) | 30.00% Of The Spread | - | |||
| Cryptocurrencies | 30.00% Of The Spread | - | |||
| Payment Options |
Monthly Cash Back
| ||||
| MT4 (Instant, Standard, Fixed) | |
| Forex | 30.00% Of The Spread |
| Futures | 30.00% Of The Spread |
| Oil / Energies | 30.00% Of The Spread |
| Metals | 30.00% Of The Spread |
| Shares / Equities | 30.00% Of The Spread |
| Indices | 30.00% Of The Spread |
| Soft commodities (coffee,sugar...) | 30.00% Of The Spread |
| Cryptocurrencies | 30.00% Of The Spread |
| Payment Options |
Monthly Cash Back
|
| FxPro Edge | |
| Forex | 30.00% Of The Spread |
| Futures | 30.00% Of The Spread |
| Oil / Energies | 30.00% Of The Spread |
| Metals | 30.00% Of The Spread |
| Shares / Equities | 30.00% Of The Spread |
| Indices | 30.00% Of The Spread |
| Soft commodities (coffee,sugar...) | 30.00% Of The Spread |
| Cryptocurrencies | 30.00% Of The Spread |
| Payment Options |
Monthly Cash Back
|
| MT5 | |
| Forex | 30.00% Of The Spread |
| Futures | 30.00% Of The Spread |
| Oil / Energies | 30.00% Of The Spread |
| Metals | 30.00% Of The Spread |
| Indices | 30.00% Of The Spread |
| Soft commodities (coffee,sugar...) | 30.00% Of The Spread |
| Cryptocurrencies | 30.00% Of The Spread |
| Payment Options |
Monthly Cash Back
|
| cTrader | |
| Forex | 30.00% Of The Spread + 24.50% Per 1 Million USD Traded |
| Oil / Energies | 30.00% Of The Spread |
| Metals | 30.00% Of The Spread + 24.50% Per 1 Million USD Traded |
| Indices | 30.00% Of The Spread |
| Payment Options |
Monthly Cash Back
|
| Spread Betting | |
| Forex | 10% of the executed spread -Bet spread |
| Payment Options |
Monthly Cash Back
|
Notes
- on trades closed using the "Close By" or "Multiple Close By" methods
- to residents of Spain, Belgium and Portugal
- for accounts registered with CySEC entity.
Rebates may not be paid for:
- trading positions closed within 5 minutes from the opening time; or
- where the broker has reasonable grounds to believe the Client has not acted in good faith.
What are FxPro rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do FxPro rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much FxPro rebates can I earn?
FxPro Regulation / Money Protection
| Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
|---|---|---|---|---|---|---|
| FxPro Financial Services Ltd |
|
up to €20,000
|
|
|
30 : 1 | |
| FxPro UK Limited |
|
up to £85,000
|
|
|
30 : 1 | |
| FxPro Financial Services Limited |
|
|
|
|
200 : 1 | |
| FxPro Global Markets Ltd |
|
|
|
|
200 : 1 |
FxPro Promotions
FxPro Symbols
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