FxPro Broker Review

Written by Emmanuel Ifeanyi

Emmanuel Ifeanyi

Emmanuel Ifeanyi Ekwomadu is a financial content writer specialised in Forex, Stock and Crypto trading. He is the person behind most of the brokers reviews that you will find on BestBrokers.com

, | Updated: June 11, 2025

FxPro is a retail broker based in the United Kingdom that offers CFD trading in eight groups of assets — forex, shares, spot indices, futures, spot metals, cryptocurrencies, exchange-traded funds (ETFs), and spot energies. The broker provides clients with access to top-tier liquidity providers and offers fast trade execution with no dealing desk intervention.

In this broker review, we will pay attention to the critical aspects of FxPro, which you may want to consider before deciding whether to trade with this online brokerage. FxPro has received an aggregated Trustpilot score of 4.4/5, which has been based on 1,060 customer reviews submitted on the platform. Out of the 1,060 reviews, 61% of customers have given FxPro the maximum score of 5 stars while 11% have rated the broker with 1 star.

Key Pros and Cons

Company Information

The FxPro Group is comprised of the following corporate entities with their respective registered offices:

1. FxPro UK Limited, regulated by the FCA, with office address at 13-14 Basinghall Street, City of London, EC2V 5BQ, United Kingdom
2. FxPro Financial Services Limited, regulated by the CySEC, with office address at Karyatidon 1, Ypsonas 4180, Cyprus
3. FxPro Financial Services Limited, regulated by the FSCA, with physical office in Cyprus
4. FxPro Global Markets Limited, regulated by the SCB with office address at Albany Financial Center, South Ocean Boulevard, New Providence, the Bahamas
5. Invemonde Trading Limited, regulated by the FSA Seychelles with office address at Room 2, Attic Suites, 3rd Floor, Oliver Maradan Building, Victoria, Mahe, Seychelles
6. Administrative office in Monaco at 26, Boulevard des Moulins

Note that FxPro does not offer its services to residents of certain countries, such as the United States, Iran, and Canada.

Why Trade with FxPro?

Now, let us provide a quick list of the key features that we like about FxPro.

Regulation

FxPro is authorized and regulated in five jurisdictions.

In the United Kingdom, the broker is licensed and regulated by the Financial Conduct Authority (FCA) under license number 509956. This is a renowned regulatory authority in the United Kingdom.

In the EU, FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 078/07. The CySEC is one of the most trusted financial regulatory authorities in the EU.

The South African arm FxPro Financial Services Limited is authorized by the Financial Sector Conduct Authority (FSCA) and operates under license number 45052.

FxPro’s operations in other parts of the world are handled by FxPro Global Markets Limited, which is authorized and regulated by the Securities Commission of the Bahamas with license number SIA-F184.

The broker also has obtained authorization from the Financial Services Authority (FSA) of Seychelles and operates under a license number SD120.

A breakdown of the five licenses is presented below.

The FCA and CySEC are renowned regulatory authorities, so we can say that the broker’s regulation status is solid.

However, CFTC regulation is absent, which means that FxPro cannot provide its services to citizens or residents of the United States.

KYC Procedure for Account Creation and Depositing

It is easy to create a live trading account with FxPro. The account application process is quick and can be completed in a few minutes. Generally, FxPro’s account creation process complies with the industry-standard procedure and follows these steps:

1. Creating your secure login: You enter a valid email and choose a password.
2. Completing the application form with your details: You input your names, date of birth, city of residence, address, postcode, and phone number.
3. Choosing your trading account: Choose your preferred trading platform and account type (MT4, MT5, and cTrader).
4. Checking your suitability status: You will be required to disclose information about your employment status and sources of income, as well as your trading experience. If you are approved based on your answers, you can proceed to the next step in the process, but if any of your answers does not match the broker’s internal requirements, your application will be rejected.
5. Agree to the terms: You need to tick the box at the bottom of the account registration form to indicate that you agree to FxPro’s Terms and Conditions.
6. Verifying your documents: You provide your proof of identity (passport, national ID card, or driver’s license) and proof of residency (a utility bill or bank account statement that is less than three months old) for FxPro to verify your account.

Although the account creation is swift and can be completed within 5 minutes, it may take up to 24 hours to verify your identity. Upon verifying your account, you will have to fund it using any of the available payment methods before you can go live, but you can still trade with a demo account until you fund your live balance.

Account Types

The broker offers a choice of five live trading account options. The account options differ in their pricing, execution model, and supported trading platforms. The account types include the following:

Islamic Account (Swap-Free)

The broker also offers the Islamic account, which is a swap-free account designed for Muslim clients who are unable to receive or pay swaps due to religious beliefs. While this account type does not incur any swaps or interest charges on overnight positions, the account holder may be charged an administrative fee on trading positions. Customers can request opening a swap-free account by contacting the broker’s back office team at backoffice@fxpro.com.

Demo Account

In addition to the various live trading accounts, FxPro provides traders with a demo account option. The demo account is developed for practice purposes, and as such, new traders can use it to learn how to trade and also master the broker’s trading platform. The account also allows experienced traders to practice their trading strategies risk-free before implementing them on live accounts. Each customer can register as many free demo accounts as they wish. There are restrictions, however, as demo accounts expire after a period of 180 days. Demo accounts connected to the MetaTrader platforms can have no more than 70 open positions at any given time.

Trading Fees and Other Costs

To succeed as a trader in the financial markets, it is important to always pay close attention to a broker’s trading fees and other costs before making a trading decision. As a CFD and forex broker, FxPro offers two main types of trading fees:

• Trading fees: spreads, commissions, and overnight financing rates.
• Non-trading costs: account management fees, deposit and withdrawal fees, inactivity fees.

Let us take a quick look at the trading fees that are available at FxPro.

Spreads

FxPro generates its revenues from a combination of spreads and commissions. Spreads on the EUR/USD start from 1.2 pips with commission-free Standard MT4/MT5 accounts and 0.0 pips with Raw MT4/MT5 accounts where commissions of $3.50 apply on positions in forex and gold. The minimum spreads offered by FxPro for the different account options are shown below:

• Standard MT4/MT5: Spreads start from 1.2 pips with no commissions
• Raw MT4/MT5: Low spreads starting from 0.0 pips with a $7 roundturn commission for currency pairs and gold
• cTrader: Reduced spreads with a $35 commission per every one million units traded.
• Elite MT4/MT5: Spreads from 0.0 pips with a $7 roundturn commission for forex pairs and metals
• Edge Spread Betting: Marked-up variable spreads and $0 commission

Let us take a look at the average spreads offered on the various account types:

From the above table, we can easily see that commission-free Standard accounts have higher spreads, which have been marked up to cover the costs of trading the various currency pairs. However, the cTrader and Raw accounts, with a commission fee of $3.50 per side, have significantly tighter spreads.

Now, let us compare the trading costs for the three account types. Let us use a 1 standard lot trade in EUR/USD (one pip movement equals $10) and assume that the trade is opened and closed at the same price. By using the average spreads, the trading costs for the three accounts will be:

Standard Account

• Spread – 1.43 pips
• TOTAL COST – 1.43 x $10 = $14.30 per side and $28.60 per round turn

Raw Account

• Spread – 0.20 pips
• TOTAL COST – (0.20 x $10) + $3.50 commission = $5.50 per side and $11 in total

cTrader Account

• Spread – 0.43 pips
• Spread cost – 0.43 x $10 = $4.30 per side and $8.60 per round turn
• Commission – $3.50 per side and $7.00 per round turn
• TOTAL COST – $8.60 + $7.00 = $15.60 per round turn

So, the cTrader and Raw accounts are cheaper thanks to their tighter spreads and competitive commission fees.

At this point, let us compare FxPro Standard account average spreads with those other major brokerages offer on the most actively traded major Forex pairs.

From the table above, the average spreads offered by FxPro Standard accounts are quite higher than those offered by the big names in the industry, for example, IC Markets and Fusion Markets.

Commissions

The broker charges a commission of $3.50 per side on cTrader and Raw accounts. However, apart from these two account types, FxPro does not charge any commission on other account types. On Edge Spread Betting and Standard MT4/MT5 accounts, the broker generates revenue only through the marked-up spreads.

On the other hand, the commission fee of $3.50 per side on the commission-based accounts entails that:

• for a 1 Standard Lot trade (100,000 units), a trader will pay a $3.50 commission to open a position and another $3.50 to close the position, making it a total of $7.00 per round turn;
• for a 1 Mini Lot trade (10,000 units), a trader will pay a $0.35 commission to open a position and another $0.35 to close the position, making it a total of $0.70 per round turn;
• for a 1 Micro Lot trade (1,000 units), a trader will pay a $0.035 commission to open a position and another $0.035 to close the position, making it a total of $0.07 per round turn.

Interestingly, the $7.00 fee for a 1 Lot trade on commission-based accounts is a bit higher than what its peers charge. For example, IC Markets charges a $6.00 commission per lot per round turn for Raw cTrader accounts. Fusion Markets charges even lower commissions: an equivalent trade on a Zero account with Fusion Markets will incur a $4.50 commission per round turn, which is, at present, among the most competitive offers within the industry.

Financing Charges

A Swap Rate is an overnight or rollover interest earned or paid for holding leveraged positions overnight. Interest is paid on the currency sold and received on the currency bought. The rate is affected by market conditions and the interest rate differentials of the currencies in the respective pair.

FxPro’s financial institutional partners calculate the daily rates using risk-management analysis. As a result, each currency pair has its unique swap charge.

You can see the swap charges for a currency position by logging into MetaTrader and taking the following steps:

1. Locate your product in the ‘Market Watch’ window. Right-click and select ‘Symbols.’
2. Select the product you wish to view from the list. Select ‘Specifications’.
3. Here, you can view the Forex swap rates for long and short positions.

Deposit Fees

Following the standard practice of brokers, FxPro does not charge any deposit fees.

Withdrawal Fees

FxPro does not charge any withdrawal fees on all the available payment methods. However, payments to and from overseas banking institutions may attract intermediary transfer fees from either party, which are independent of FxPro. Also, the broker warns that customers requesting e-wallet withdrawals without any trading activity in their accounts may incur additional fees.

Inactivity Fees

FxPro charges an inactivity fee of $10 (or the equivalent of the account currency) after six months of inactivity.

Overall on Fees

FxPro offers tight spreads for commission-based accounts, but Standard accounts have marked-up spreads. The commission fees are competitive and mostly align with the industry average. There are no additional fees on top of overnight financing charges. The absence of additional deposit and withdrawal charges is largely beneficial for traders. However, there is an inactivity fee of $10 after six months of account dormancy.

Overall, FxPro only deserves a pass mark on fees.

Desktop Trading Platforms

At FxPro, all trading activities are carried out using the following trading platforms: MT4, MT5, cTrader, and the proprietary FxPro Edge.

MetaTrader 4

Used by millions of traders worldwide since its launch in 2005, MT4 is the most popular retail trading platform. Both experienced and novice traders choose it for its intuitive user interface and powerful trading capabilities. MetaTrader 4 has established itself as the industry standard, as it features all the necessary tools a trader needs to analyze the forex market, place orders, and manage positions. Alongside advanced trading infrastructure, competitive pricing, and superior order execution with no dealing desk intervention, using MT4 at FxPro results in great value for forex traders. The MT4 trading platform has a simple and user-friendly interface that can be customized according to your preferences.

Other essential features of the MT4 trading platform include:

• Charting and analysis with 30 technical indicators
• Support for the scripting and deployment of Expert Advisors (EAs)
• Chart and one-click trading
• Integration through a plug-in with Trading Central
• 24 analytical charting tools
• 3 chart types and 9 timeframes
• The ability to use trailing stop orders

MT4 is available as a desktop application for Windows and Mac computers, a browser-based version (WebTrader), and a mobile app for Android and iOS devices. The WebTrader can be accessed through all popular web browsers, including Chrome, Safari, Firefox, Opera, and Microsoft Edge.

MetaTrader 5

The broker also provides traders with the MT5 trading platform. It is a more advanced version of MT4 and was launched in 2010 as its successor. MT5 has all the basic features of MT4 plus advanced features and functionalities, such as 21 timeframes and Depth of Market (DoM). Some of the exciting features of the MT5 trading platform include:

• Level II pricing with DoM
• Detachable charts and an Economic Calendar
• Charts with 21 timeframes
• 6 pending order types
• Access to the MQL5 community
• Over 35 technical indicators
• Support for 49 different languages
• Multi-currency strategy tester
• Price alert notifications via SMS, email, and platform alerts

The MT5 trading platform is also available in a desktop, web, and mobile format.

cTrader

In addition to MT4 and MT5, the broker provides traders with the intuitive cTrader platform. It is a powerful trading platform with advanced built-in charting and trading tools to ensure speedy trade execution. The cTrader platform allows users to easily trade all the available financial assets. It was developed by Spotware Systems Ltd, a fintech firm with headquarters in Limassol, Cyprus.

Some of the core features of the cTrader platform include:

• Advanced order types like the trailing stop and break-even stop loss
• 4 chart types, including Line, Bar, candlestick, and dots.
• Over 26 chart timeframes
• Over 55 built-in technical indicators
• Market sentiment and support for 22 languages
• Detachable charts, one-click trading, and DoM

The cTrader platform is available as a desktop application for Windows and Mac computers, a WebTrader that runs directly in modern browsers, and a mobile app compatible with Android and iOS devices.

FxPro Edge

This is the broker’s proprietary trading platform. It is mainly designed for spread betting, and allows users to trade hundreds of financial instruments across different asset classes, including forex, metals, energies, futures, and indices. The platform features an intuitive user interface, which is fully customizable, allowing users to tweak it to suit their preferences. The platforms is compatible with most desktop browsers, smartphones, and tablets. The mobile version is best suited for traders who wish to check their positions and place orders while on the move. Some of the standout features of the proprietary software include:

• Over 50 technical indicators and 4 pending order types
• Sound price alerts
• 6 chart types, including Lines, Bars, candlesticks, High-Low-Close, Heiken Ashi, and dots/li>
• 15 chart timeframes
• Market sentiment for major forex pairs only
• Chart and one-click trading

Mobile Trading Platforms

Mobile trading platforms come with an additional level of convenience. As a result, the broker offers the mobile version of its proprietary trading platform, enabling clients to trade from anywhere and anytime if they are connected to the internet. The mobile version of the FxPro trading platform narrows down all the desktop features to the small screen of your handheld device. It is available as a mobile app compatible with Android and iOS devices and can be downloaded from Google Play and the App Store.

In addition, the available third-party trading platforms (MT4, MT5, and cTrader) also have mobile versions with the same features and functionalities as their desktop counterparts. This brings a whole new level of convenience to the entire trading process as customers can access their accounts and place orders on the go, as long as they are connected to the internet.

Trading Instruments

FxPro offers CFDs on eight asset classes, including forex, stocks, indices, futures, metals, cryptocurrencies, exchange-traded funds (ETFs), and energies. The range of available financial markets compares fairly well to other big brokers, such as OANDA and Fusion Markets.

Let us now take a closer look at the product list.

Forex

FxPro offers access to the most liquid global FX markets. The broker allows customers to trade 75 currency pairs, including majors, minors, and exotic pairs, with tight spreads and superior order execution.

The broker uses five-digit pricing to offer sharper spreads and more accurate quotes on the currency pairs. It quotes all FX pairs to an extra digit after the pip, which means that the last digit in any quote refers to points or pipettes (1/10 of a pip).

If you are new to online forex trading, you can go through the broker’s online educational section to familiarize yourself with the market and how CFD trading works.

Stocks

A share, also known as stock, is a type of security that allows an investor to own a part of a company. Shares are traded on the equity markets, which are centralized stock exchanges that maintain central records of volume and price data, unlike forex that trades over the counter.

At FxPro, you can speculate in the equity market without having to purchase actual shares. This is because the broker offers stock CFDs, which allow traders to profit from rising and falling prices without physically owning the underlying stocks.

You can trade over 1,800 stock CFDs for some of the largest and most popular companies in the US, UK, and so on, and benefit from ultra-fast order execution and competitive trading conditions.

Futures

Traders who are looking to speculate on the value of a range of commodities, indices, bonds, and energies can consider trading futures with FxPro. The broker allows customers to trade CFDs on futures and profit from the price fluctuations of a wide range of assets, including agricultural commodities like cocoa, indices, and energies. Trading futures with FxPro is a good way to diversify your portfolio.

Energies

Energy are some of the most important commodities globally because they are used to power the economy. At FxPro, you can trade on spot energies, such as Brent oil, WTI, and natural gas, which are considered the most important raw material resources on the planet.
FxPro allows you to trade the energy markets via the available trading platforms. You can also practice energy trading with a demo accounts before attempting to trade them live.

Metals

FxPro allows traders to benefit from the metals markets by offering CFDs in various precious and base metals. With FxPro, you can trade gold, silver, palladium, copper, lead, zinc, and platinum. The broker does not seem to offer CFD trading in industrial metals like tin, nickel, and steel.

The broker offers leverage of up to 1:10000 on spot gold, 1:200 for other precious metals, and 1:40 for base metals. However, for EU residents, the maximum retail leverage for gold is 1:30, in accordance with MiFID and ESMA regulations.

Indices

The CFD broker allows its clients to trade CFDs on some of the most popular stock indices, such as Dax 30, Dow 30, S&P 500, FTSE 100, FTSE 250, Euro Stoxx 50, Nikkei 250, and so on, offering competitive spreads.

You can speculate on the price movement of any global equity index of choice. Trading indices are popular among FxPro customers due to their comprehensive terms, accurate quotes from a dozen or so liquidity providers, and versatile analytics. At FxPro, all trading styles are welcome, including scalping, hedging, swing trading, and position trading, and you can use any Expert Advisor (EA) that suits your trading style.

Cryptocurrencies

FxPro allows crypto traders to benefit from the cryptocurrency markets by offering CFDs in various digital assets. Cryptocurrencies are digital, decentralized currencies that were created to work as a medium of exchange. The cryptocurrency market offers traders a new way of investing, free from intermediaries like governments or rating agencies. Like other Bitcoin brokers, at FxPro, clients can trade cryptocurrencies as CFDs in pairs with USD.

Trade Execution

The broker states that it is neither an ECN nor STP broker but rather offers true No Dealing Desk (NDD) order execution. FxPro claims to not intervene in pricing or execution of client orders. Through its proprietary aggregator, Quotix, FxPro collates prices from over 12 liquidity providers. The trading servers are located at the Equinix Data centers in either LD London or Amsterdam, which are near Tier 1 banks that provide liquidity. This ensures ultra-fast execution speeds averaging approximately 11 milliseconds.

Thus, with FxPro, you will enjoy the benefit of super-fast trade execution with no dealing desk intervention. The broker offers you institutional trading conditions using top-tier liquidity providers (LPs) to ensure deep liquidity, fast trade execution speeds, and tight spreads.

Deposits

It is very easy to fund your FxPro trading account due to the many available payment options. The broker does not charge any deposit fees, and allows clients to open accounts and deposit funds in different base currencies. The main supported currencies include EUR, USD, GBP, CHF, JPY, PLN, AUD, and ZAR, but customers from certain countries can also set up their accounts in NGN, VND, THB, MYR, or IDR.

However, it is important to note that FxPro does not accept third-party payments. All funds deposited into your trading account must be under the same name as your FxPro trading account. Payments from joint bank accounts or credit cards are accepted if the trading account holder is one of the beneficiaries. The minimum deposit is $100.

The following payment methods are available for deposits at FxPro:

Currently, there are no deposit bonuses available with this brokerage.

Withdrawal Methods

To make a withdrawal from your trading account, log into your secure client portal and select the Withdrawal tab from the Funds Management drop-down menu. The broker usually processes withdrawals within the same business day but the amount of time required for the payment to reflect largely depends on the method used.

The withdrawal screen on the trading platform states the minimum requirements for each payment method. E-wallets and cards have no minimum withdrawal requirements. Bank transfer withdrawals have a minimum of $100. The maximum you can request is usually $50,000 with cards and $10,000 with the supported e-wallets. Processing a withdrawal request for less than the minimum withdrawal amount may result in charges to your account, even though FxPro does not charge any internal fees for withdrawals above the minimum amount.

Due to AML/CTF laws, FxPro cannot return withdrawals to third parties. As a result, all money withdrawn from your account must go to a bank account registered in the same name as your FxPro trading account. It is preferable to withdraw via the same method used to deposit into the trading account. We should warn you that e-wallet withdrawals may attract additional processing fees if you have no trading activity in your account.

Customer Support Contacts

The broker’s clients can send their general, technical, and account-related queries to a reliable customer support team. FxPro’s client support team is very polite and highly responsive to issues and requests for assistance. The support team is available on weekdays and can be reached via the following contact channels:

1. Live Chat: This efficient channel allows clients to chat directly with the broker’s support team in real time. The live chat function can be accessed via the icon in the lower-right corner of the website. When a client clicks on the icon, they will be required to provide their name and email address. After that, they must type their message in chat box and wait to be transferred to a customer support agent.
2. Telephone Contact: Clients can also contact the broker’s support team over the phone Monday through Friday through any of the following phone numbers for the broker’s offices in various cities. Keep in mind you can also request a callback from the support staff.
   • Cyrpus – Tel: +357 25 969 200, Fax: +357 25 969 256
   • UAE – +971 (0) 4424 3023
   • The UK – Tel: +44 (0) 203 151 5550, Fax: +44 (0) 207 600 7063
   • The Bahamas – +1 242 603 2222
   • Monaco – +44 (0) 203 151 5550

   Interestingly, the support team responds promptly when contacted via any of the above telephone numbers.

3. Email Contact: The broker’s client support team can be reached via the email address: support@fxpro.com.

   After emailing the support team during business hours, we got a reply to our queries within a few hours.

4. Get Help: This is a comprehensive list of Frequently Asked Questions. They answer some of the clients’ most common queries about account application, account management, deposits, withdrawals, trading, and supported platforms.

   We should also mention some of FxPro’s awards for their satisfactory services:

   • Best FxProvider 2021: Online Personal Wealth Awards
   • Best Trading Platform 2020: Financial Times & Investors Chronicle
   • Best CFD Fx Provider 2021: Online Personal Wealth Awards

Research and Educational Materials

The broker offers a rich selection of learning resources to help traders understand the financial markets and make better decisions. The available educational resources include learning courses, trading platform manuals, video tutorials, daily market updates, and more. Here is what you will find:

• An extensive educational section that contains a free guide on the forex basics arranged into nine courses. Each course has training cards and ‘check yourself’ quizzes. The topics covered are financial markets, trading sessions, chart types, pips, lots, leverage, margin, price changing, and CFD trading. Other educational courses cover fundamental analysis, technical analysis, trading psychology, and more.
• Various video tutorials on how to register an account, verify your profile, download the trading platforms, and fund your account.
• Regular webinars
• Ebooks on various trading topics

Security and Money Guarantees

At Bestbrokers.com, we are committed to ensuring that readers trade only with regulated online brokers, and FxPro is one of them. Our key findings include:

• Over two decades of business history and growth
• Strict regulation in multiple jurisdictions, including Cyprus and the UK
• Award-winning broker

The broker’s regulation in multiple jurisdictions helps to build trust. It is also a strong indication that the broker complies with the strict regulatory policies of various top-tier financial authorities, which can make clients feel that their funds are safe with the broker.

Finally, the broker has bagged several industry awards from Online Personal Wealth Awards, Financial Times & Investors Chronicle, and Online Personal Wealth Awards. Some of the accolades include Best Fx Provider 2021, Best Trading Platform 2020, Best CFD FX Provider 2021, and more.

Conclusion

After a careful review, our team of experts at BestBrokers.com determined that FxPro is a good choice to trade with if you are more concerned about safety than low trading costs. While the broker does not offer the lowest spreads and commissions, it is regulated by two tier-1 financial authorities. The best features of FxPro include:

• Flexible leverage
• Innovative trading technology
• Lightning-fast execution via the MT4, MT5, and other advanced trading platforms
• High liquidity from 12 LPs
• An award-winning customer service
• Free education to sharpen your skills
• Standalone and built-in trading tools

Written by E. Ifeanyi