4.6/5
2006
$100
FXPro is a leading online broker that provides clients with access to the Forex, precious metals, stock indices, and commodities markets. Established in 2006, FXPro has grown to become one of the largest and most reputable brokers in the industry, with a strong focus on client satisfaction and providing a safe and secure trading environment.
FXPro offers a wide range of trading platforms, including the popular MetaTrader 4 and 5, as well as its own in-house platform, cTrader. The broker also provides traders with access to a vast selection of trading instruments, educational resources, and 24/5 customer support. Whether you are a seasoned trader or just starting out, FXPro offers the tools and support you need to succeed in the financial markets.
| Founding Year |
 2006
|
|---|---|
| Regulated |
 Yes
|
| Rating |
4.6/5 |
| Minimum Deposit |
 $100
|
FXPro is a highly regulated broker that prioritizes client protection and transparency in its trading practices. It holds licenses from reputable financial regulatory bodies such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, ensuring that FXPro adheres to strict standards in financial conduct, risk management, and client protection. FXPro is also one of the few brokers that are regulated in South Africa by it’s Financial Sector Conduct Authority (FSCA).
To further secure clients’ funds, FXPro participates in compensation schemes such as the Financial Services Compensation Scheme (FSCS) in the UK and maintains segregated accounts for client funds, separating them from the broker’s operating capital. This extra layer of protection ensures that clients’ funds are safe and secure at all times.
| COUNTRY | AUTHORITY |
|---|---|
 UK
|
Financial Conduct Authority (FCA) |
Cyprus |
Cyprus Securities and Exchange Commission (CySEC) |
 South Africa |
Financial Sector Conduct Authority (FSCA) |
FXPro offers a range of account types to cater to the needs of its diverse clientele. The six account types offered by FXPro are the MT4 Fixed Spread Account, the MT4 Floating Spread Account with Instant Execution, the MT4 Floating Spread Account with Market Execution, the MT4 Raw Spread Account with Market Execution, the cTrader Account with Floating Spreads and Market Execution, and the MT5 Account with Floating Spreads and Market Execution.
The MT4 Fixed Spread Account provides traders with the advantage of stable spreads, while the MT4 Floating Spread Account with Instant Execution offers a fast trade execution process.
The MT4 Raw Spread Account with Market Execution provides traders with spreads without markup on FX and Metals, along with a commission charged when entering and exiting a position. The cTrader Account with Floating Spreads and Market Execution features low spreads on FX and Metals with a commission charged per $1 million USD traded.
The MT5 Account with Floating Spreads and Market Execution is a multi-asset platform for traders who require access to a wider range of markets. Finally, the FxPro EDGE CFD Account with Floating Spreads and Market Execution is designed to provide advanced trading opportunities.
FXPro offers a variety of trading platforms to its clients, giving traders the necessary tools and resources to succeed in the financial markets. Its platform offerings include a web-based proprietary trading platform called FXPro Edge. FXPro also offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. MT4 is a widely used platform for online trading in the forex market and offers a user-friendly interface and advanced charting tools. MT5 is the latest version of the popular MT4 platform and offers even more advanced trading tools and features, including support for multiple financial markets.
cTrader is an advanced trading platform that provides fast execution speeds, a user-friendly interface, advanced charting tools, and a range of trading tools and features.
All of these platforms are also available for mobile devices. With all these platforms, traders of all levels can feel confident and equipped in their trading journey.
| PLATFORM | AVAILABILITY |
|---|---|
| Proprietary Platform |
Yes
|
| MT4/MT5 (Windows/MAC) |
Yes
|
| Mobile Platform (Android/IOS) |
Yes
|
FXPro offers leverage to its account holders, allowing traders to increase their buying power and trade larger positions than what their deposit would normally allow. The amount of leverage offered by FXPro varies depending on the type of account and the underlying asset being traded. The following are the typical leverage offerings for FXPro account holders
The leverage ratio on major and minor currency pairs is 1:500. The leverage for trading Gold futures is 1:200. For spot Gold and other precious metals it is 1:500. Spot indices can be traded with a leverage of 1:500 while the leverage for Future indices is 1:50. The Crude oil leverage ratio is 1:200 while for commodities such as corn and wheat it is 1:50. The leverage ratio for various CFD stocks is 1:20 and for cryptocurrencies it is 1:200.
| PRODUCT | MAX LEVERAGE |
|---|---|
| FOREX | 1:500 |
| COMMODITIES | 1:200 |
| CFD STOCKS | 1:20 |
FXPro provides clients with a comprehensive range of trading instruments, offering access to a diverse set of financial markets. Forex is the cornerstone of FXPro’s offerings, with over 70 currency pairs available for trading, including majors, minors, and exotics. In addition to forex, clients can trade global stock market indices, including the US S&P 500, the Germany DAX 30, and the Japan Nikkei 225. The commodity market is also accessible with offerings in precious metals such as gold and silver, energy sources like oil and natural gas, and agricultural products such as corn and coffee. FXPro also offers CFD shares trading in popular companies listed on major exchanges around the world, as well as cryptocurrency trading in leading digital assets like Bitcoin, Ethereum, and Litecoin.
Moreover, FXPro provides access to various other financial products, such as futures contracts, exchange-traded funds (ETFs), bonds, and options. This wide range of trading instruments allows clients to diversify their portfolios and gain exposure to multiple markets. With FXPro, clients can trade the instruments that align with their investment goals, risk tolerance, and trading style.
| PRODUCTS | AVAILABILITY |
|---|---|
| Multi Assets |
Yes
|
| Forex |
Yes
|
| Crypto |
Yes
|
| CFD Stocks |
Yes
|
| CFD Indices |
Yes
|
FXPro’s approach to pricing has been positively received by some traders for its flexibility and cost-effectiveness. The broker offers varying spreads based on the account type chosen and the underlying asset being traded, allowing clients to select the best option for their individual needs.
The MT4 Raw Spread account provides spreads without markup on FX & Metals and a low commission fee of $3.50 per lot. The Metatrader 4 & 5 account types offer marked-up spreads but no commission fee, while the cTrader platform account boasts lower spreads on FX & metals with a commission of $35 per $1 million USD traded.
Spreads are dynamic and adjust to market conditions, except for the MT4 Fixed account which offers fixed spreads on 9 major FX pairs and one minor during certain periods. This flexible pricing structure allows clients to make informed decisions about their trades and effectively manage their costs and risks.
| PRODUCT | SPREAD RANGE |
|---|---|
| Forex | 0.7 - 1.2 |
| Commodities | 0.3 - 2.5 |
| Indices | 1 - 2.0 |
FXPro provides its clients with a variety of easy and secure methods for depositing and withdrawing funds. These options include bank wire transfer, credit/debit cards, and popular e-wallet services such as Skrill, Neteller, and PayPal. The processing time for deposit requests varies based on the chosen method, with e-wallet services usually being the quickest option and bank wire transfers taking the most time. Withdrawals are typically processed within 24 hours and can take an additional 1-5 business days to reach the client’s account, depending on the chosen method. FXPro places a strong emphasis on the security of client funds and implements robust measures to protect client transactions.
To ensure that clients’ funds are transferred to a secure and authorized account, verification procedures must be completed prior to making a withdrawal. FXPro does not charge any additional fee for the deposits and withdrawals.
Currently FXPro does not accept crypto payment.
| METHOD | AVAILABILITY |
|---|---|
| Credit/Debit Card |
Yes
|
| Wire Transfer |
Yes
|
| E-Wallets |
Yes
|
| Crypto |
 No
|
FXPro is a leading online broker that offers a range of services and products to meet the needs of traders around the world. With its range of account types, trading platforms, and instruments, FXPro provides traders with a versatile and customizable trading experience. The broker’s competitive spreads on some account, commission structure, and fee structure make it an attractive option for traders seeking to maximize their profits. The variety of deposit and withdrawal methods and the quick processing times for transactions add to the overall ease and convenience of trading with FXPro. Additionally, the broker’s focus on the security of client funds and its strict compliance with regulatory requirements provide traders with peace of mind.
However, it’s education section slightly behind it competitors which is a negative side. The spread on a few account is also on the higher side. Additional it does not accept crypto payments which holds many traders from benefiting from the fast paced and low cost crypto transactions.. Overall, FXPro is regulated in three countries and is a well-rounded broker that offers a range of features to support the trading needs of clients.
| Pros |
Cons |
|---|---|
| Multi Asset | No Copy Trading |
| Multi Regulated | |
| Comprehensive Education | |
| Low Minimum Deposit | |
| Huge List of Instruments | |
| Low Spread | |
| Proprietary Platform |
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