FxPro Overall rating

	Rating	Weight
User Rating	4.0 (153 reviews)	3
Popularity	4.5	3
Regulation	5.0	2
Pricing rating	4.5	1
Features	Not rated	1
Customer Support	Not rated	1

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	Cyprus - CY CYSEC		up to €20,000			30 : 1
FxPro UK Limited	United Kingdom - UK FCA		up to £85,000			30 : 1
FxPro Financial Services Limited	South Africa - ZA FSCA					200 : 1
FxPro Global Markets Ltd	Bahamas - BS SCB					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

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

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

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?

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

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.

FxPro Profile

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