FxPro

Assessing broker safety requires examining the regulatory framework, legal entity structure, client fund safeguarding arrangements, and operational history. FxPro operates under a multi-regulated corporate structure subject to oversight by major financial authorities across Europe, the United Kingdom, Africa, and the Caribbean.

Regulatory Licenses and Legal Entities

FxPro distributes its international operations across distinct legal entities, each compliant with local statutory frameworks. This structure ensures that clients are contracted under specific investor protection regimes depending on their country of residence and entity allocation.

Client Fund Protection

FxPro enforces full segregation of client capital from company operational balances. Client funds are deposited with reputable, major international banking institutions, preventing the broker from utilizing client money for operational overhead, business expansion, or debt servicing. Independent financial audits are conducted by PricewaterhouseCoopers (PwC) to verify balance sheets and segregation compliance.

Retail clients benefit from Negative Balance Protection (NBP), an operational safeguard integrated into the client agreement. If volatile market movements drive an account balance below zero, FxPro automatically resets the balance to zero, preventing losses beyond total deposited funds. In the event of broker insolvency, regulatory investor compensation schemes apply to eligible retail accounts: clients contracted under the UK entity are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000, while clients under the Cyprus entity are covered by the Investor Compensation Fund (ICF) up to €20,000.

Company History and Transparency

Founded in 2006, FxPro maintains its principal corporate headquarters at 80 Coleman Street, City of London, United Kingdom, with additional administrative offices located in Cyprus, the Bahamas, and the United Arab Emirates. The firm operates as a private company and is not publicly traded on any stock exchange. Over its operating history spanning nearly two decades, the broker has transitioned into a multi-asset provider utilizing a non-dealing desk STP execution model, maintaining clear public documentation regarding order execution policies and pricing structures.

What Traders Say About FxPro Safety

scam company they stole my profit because market did a good price opening in my favour position never use this broker they steal money

Other Options

On regulation, IronFX and markets.com sit closest to FxPro for slightly different but overlapping reasons. All three carry the same tier-1 classification. Both alternatives also overlap with FxPro under CYSEC and FCA oversight. Investor compensation or comparable coverage is listed in all three profiles.

Who Can Open an Account?

FxPro accepts individual retail and professional clients across a broad international footprint, supported by multilingual services in more than twenty languages. However, regulatory restrictions prevent the broker from offering services in specific jurisdictions. Residents of the United States, Canada, Iran, Iraq, Afghanistan, Syria, Libya, Somalia, Ivory Coast, Laos, Lebanon, Mongolia, Myanmar, Palestine, Puerto Rico, and Trinidad and Tobago are strictly excluded from opening accounts.

Registration and Verification

Onboarding is completed through an online application requiring the submission of standard Know Your Customer (KYC) documentation. To comply with anti-money laundering regulations enforced by the FCA and CySEC, applicants must provide:

• A valid government-issued photographic identification, such as an international passport, national ID card, or driver's license.
• Proof of residential address issued within the preceding six months, such as a formal utility bill or bank statement.

The onboarding workflow includes an automated document upload portal and a live selfie facial verification check, which typically takes between 10 and 20 minutes to complete. Document verification is generally finalized within one business day, after which accounts are approved for funding and live market execution.

Base Currencies and Initial Funding

Accounts can be denominated in eight primary base currencies: USD, EUR, GBP, CHF, JPY, PLN, AUD, and ZAR. Setting an account currency matching the funding source minimizes foreign exchange conversion markups. The baseline minimum deposit across all standard payment channels is $100.

What Traders Say About Their Account Opening

I registered an account via ref link, my account wasnt linked automatically, contacted support regarding this, they said the request was forwarded to relevant department.

Which Account Should You Choose?

FxPro categorizes its trading accounts by execution model and fee structure, offering options that cater either to spread-only preferences or raw-spread algorithmic trading. The core account tiers comprise Standard, Raw+, Elite, and cTrader.

The primary structural division lies between the commission-free Standard account and the raw-pricing accounts (Raw+ and cTrader). The Standard account incorporates the broker's margin into floating spreads, avoiding separate transaction commissions, which simplifies cost tracking for swing and discretionary traders. In contrast, Raw+ and cTrader accounts provide raw spreads starting at 0 pips accompanied by a standardized commission of $3.50 per side ($7.00 round turn per standard lot) on FX and spot metals. The cTrader account operates exclusively within the Spotware cTrader environment, providing specialized algorithmic development via C# cBots.

Islamic / Swap-Free Account

FxPro provides swap-free Islamic accounts tailored for traders who observe Sharia law, prohibiting the accrual or payment of overnight interest. Available across MT4, MT5, and cTrader, these accounts permit positions to be held overnight without standard rollover debits or credits. Major currency pairs benefit from an initial grace period (typically eight days on MetaTrader platforms), after which administrative fees are applied to maintain long-term open exposure. Islamic status can be requested during registration or arranged by contacting the back-office department.

What Traders Say About Their Account Types

I started being charged rollover fees on my trades every day, even though I am using an Islamic (swap-free) account, which was advertised as allowing positions to be held without swap charges. It's frustrating when a broker promotes swap-free accounts.

Spreads and Commissions

FxPro utilizes a floating spread pricing model where trade costs vary according to underlying market liquidity and volatility. On commission-free Standard accounts, the broker applies a markup to the interbank quote. On Raw+ and cTrader accounts, spreads reflect direct market pricing starting at 0 pips, coupled with a fixed commission of $35 per million USD traded ($3.50 per lot per side) on currency pairs and spot metals. CFD products based on equity indices, shares, and commodities do not incur separate trading commissions, with all financing and broker costs embedded within the bid-ask spread.

Across major currency pairs on the Standard account, average spreads sit at 1.3 pips for EUR/USD and 1.8 pips for GBP/USD. For commodity and equity index markets, gold trades at an average spread of 0.42 points, while the cash S&P 500 CFD averages 0.7 points. High-frequency scalpers and intraday algorithmic traders generally find lower aggregate transaction overhead on the Raw+ and cTrader structures despite the fixed lot commission.

Other Charges

Deposits

FxPro does not levy any internal deposit fees. Any payment transfer charges incurred originate from external banking networks or payment processors rather than the broker.

Withdrawals

FxPro imposes no withdrawal fees across its standard electronic payment methods, bank cards, or wire transfers. Clients retain the total sum processed, subject to any intermediary banking deductions.

Inactivity

Accounts that remain without trading or funding activity for a continuous period of six months are classified as dormant. FxPro charges an ongoing inactivity fee of $5 per month on dormant accounts until activity resumes or the available account balance reaches zero.

Overnight Positions

Positions maintained past 21:59 UK time incur overnight financing adjustments, commonly referred to as swap or rollover fees. Swaps are determined by the interbank interest rate differentials between the traded currencies and the position direction (long or short). For forex and precious metals, a triple swap is applied on Wednesday evenings to account for weekend settlement, whereas cryptocurrency CFDs carry a fixed 20% annual financing rate charged across long and short holdings, with triple rates charged on Fridays.

Currency Conversion

FxPro applies a currency conversion fee whenever a client deposits, withdraws, or transacts in a denomination that differs from the account's base currency. This cost is implemented as an exchange rate markup against prevailing market liquidity rates, typically ranging between 0.01% and 1% depending on the specific currency pair transferred.

Other Options

CPT Markets and FXGT both sit close to FxPro on pricing, using floating-spread pricing with commissions. CPT Markets is compared at 1.3/1.8 vs 1.2/1.8 on EUR/USD and GBP/USD, while FXGT is compared at 1.3/1.8 vs 1.4/1.7 on EUR/USD and GBP/USD.

FxPro periodically introduces promotional margin credits, including seasonal campaigns such as the Spring Trading Boost offering a 100% deposit bonus up to $5,000. These bonus allocations operate as supplementary trading margin to absorb drawdowns and support active position sizing; they cannot be withdrawn as direct cash. Due to regulatory mandates enforced by the FCA and CySEC, deposit bonuses are unavailable to retail traders in the United Kingdom and the European Union, being restricted to eligible entities such as the SCB-regulated international branch.

The broker also maintains a structured Membership Program functioning as a tiered loyalty rebate initiative. Clients progress through Silver (5%), Gold (10%), and Platinum (15%) membership tiers based on their aggregate monthly trading volume. Rebates apply to both spread-based and commission-based accounts for positions held for at least five minutes, covering major forex pairs, indices, energies, metals, and cryptocurrencies. Earned rebates are paid directly into the client's wallet on a monthly basis. Additional promotional tools include a $50 Refer-a-Friend affiliate arrangement, trading contests with virtual funds and cash prizes on partner platforms such as Myfxbook, and the FxPro Partners affiliate scheme offering CPA commissions up to $1,100.

What Traders Say About Their Promotions

No bonuses given.

Other Options

BlackBull Markets and JustMarkets are both relevant promotion alternatives to FxPro, although the exact overlap differs between them. For BlackBull Markets, the percentage-based deposit comparison is 100% deposit bonus during specific promotional periods, which... vs 100% deposit bonus. JustMarkets and FxPro both use percentage-based deposit bonuses.

FxPro maintains an exceptionally versatile platform ecosystem, incorporating widely used industry platforms alongside specialized institutional software and proprietary trading interfaces.

MetaTrader 4

MetaTrader 4 (MT4) remains an established platform at FxPro, offering desktop software, web-based charting, and mobile applications. It supports market execution with no requotes, comprehensive technical charting tools, multiple order types, and automated execution via Expert Advisors (EAs). MT4 is integrated with FxPro's Standard and Raw+ accounts.

MetaTrader 5

MetaTrader 5 (MT5) expands on MT4 by introducing additional technical indicators, more granular charting timeframes, an integrated economic calendar, and depth of market (DOM) data. While MT5 supports hedging by default across FxPro accounts, certain MT5 configurations can be set to netting mode where opposing positions close each other out.

cTrader

Spotware's cTrader platform is designed for active intraday traders and scalpers requiring high-speed non-dealing desk execution. It provides advanced charting, Level II Depth of Market pricing, rapid order entry, and automated trading using cBots programmed in C#. It also incorporates native cTrader Copy trading functionality.

TradingView

FxPro provides direct integration with TradingView, enabling clients to execute trades directly from TradingView's charting environment. Traders can access advanced analytical drawing tools, social indicators, and community trade setups linked to their FxPro brokerage account.

Proprietary FxPro App and FxPro Edge

The broker delivers proprietary trading technology through the FxPro Edge web platform and the unified FxPro App. FxPro Edge provides commission-free CFD execution across more than 2,100 assets. For residents of the United Kingdom, FxPro Edge also supports tax-free financial spread betting. The FxPro App combines comprehensive trading execution capabilities with account management and mobile wallet funding.

Mobile App Experience

The proprietary FxPro App provides full account administration and multi-asset trading for mobile devices across iOS and Android systems.

Trading Tools

Traders can utilize an array of supplementary analytical tools. FxPro provides a proprietary Virtual Private Server (VPS) service in partnership with BeeksFX, hosted within the London Equinix data centers adjacent to the broker's execution servers. The VPS costs $30 per month, charged on the 6th of each month, but is provided free of charge to Premium and VIP account holders. The tool facilitates continuous 24/7 automated strategy execution with minimal network latency.

Order Execution

FxPro operates a Straight Through Processing (STP) and non-dealing desk (NDD) market execution architecture. Orders are matched against tier-1 liquidity providers without dealer intervention. Fast-moving or illiquid market environments can result in slippage, where trades fill at prices either more or less favorable than the requested level.

Automated and Copy Trading

Algorithmic trading is supported through several channels. Traders can build and implement automated systems using MT4/MT5 Expert Advisors or cTrader cBots. Institutional traders requiring direct connectivity can access FIX API infrastructure via PrimeXM or deploy customized RESTful trading APIs using JSON/XML architecture. Copy trading is integrated natively via cTrader Copy, which allows investors to review detailed performance metrics of third-party strategy providers and automatically mirror positions in real time. MetaTrader trading signals are also supported.

What Traders Say About Their Trading Platforms

Platform Freezing & Heavy Loss (€10,375) FxPro platform freezes constantly during high volatility!

Other Options

FP Markets and GO Markets both overlap closely with FxPro on platform choice, with MT4, MT5, cTrader, and TradingView shared in each comparison. Copy trading is available across all three. API trading is available across all three.

FxPro provides multi-asset market exposure covering six principal CFD categories, offering more than 2,100 contracts. The broker's market selection is heavily concentrated in single-stock equities, accompanied by a solid offering in foreign exchange, commodities, indices, and major cryptocurrencies. Bonds are not offered.

All instruments are traded strictly as Contracts for Difference (CFDs), meaning traders gain leveraged price exposure without taking delivery of physical assets or underlying corporate shares. Equity CFD trading includes extended trading hours on US shares, enabling traders to react to off-market quarterly earnings announcements and pre-market economic releases.

Other Options

Hantec Markets and Pepperstone both match FxPro on overall market breadth (6 of 7 categories). Hantec Markets is particularly close on stocks (1832 vs 1700) and indices (19 vs 21). Pepperstone is particularly close on stocks (1832 vs 1400) and indices (19 vs 23).

Leverage by Asset Class

Leverage parameters at FxPro are determined by the regulatory entity, client categorization, and specific asset class. Under strict regulatory regimes (FCA in the UK and CySEC in the EU), retail leverage is statutorily capped at 1:30 for major forex pairs, 1:20 for minor currency pairs, gold, and major indices, 1:10 for commodities, 1:5 for individual stock CFDs, and 1:2 for cryptocurrencies. Qualifying professional clients and accounts opened under the SCB Bahamas entity can access leverage up to 1:500 on foreign exchange and spot gold.

Cryptocurrency CFDs are subjected to conservative leverage ceilings across all jurisdictions, capped typically at 1:10. FxPro also employs a dynamic leverage model on high-volume accounts, where available margin reduces automatically as position sizes expand to mitigate exposure risks.

Margin Requirements and Stop-Out Levels

Account margin monitoring operates on fixed threshold levels. FxPro issues a formal Margin Call when an account's equity falls to 60% of the required margin. If losses continue and equity declines to the Stop-Out level of 50%, the broker's automated risk engine begins liquidating open trades, starting with the most unprofitable positions, to prevent complete capital exhaustion.

Position Limits and Trading Restrictions

The minimum allowable transaction size across all account types is 0.01 standard lots (1,000 units of base currency). Full position hedging is permitted across MT4, MT5, and cTrader without additional margin requirements, provided the account's total margin level remains above 100%. Scalping and high-frequency trading are unrestricted, with no minimum holding time requirements for general market orders. News trading is also permitted across all major releases without restrictions on opening or closing positions during volatile announcements.

Risk Protection Features

Retail accounts are safeguarded by mandatory Negative Balance Protection across all operating jurisdictions. Standard risk management controls—including stop-loss orders, take-profit thresholds, and trailing stops—are integrated into all desktop and mobile platforms to help traders control risk.

Regional and Regulatory Differences

The primary distinctions across operating entities revolve around leverage caps, promotional access, and investor compensation schemes. Retail traders under FCA and CySEC oversight operate with leverage restricted to 1:30, cannot participate in deposit credit bonuses, and receive statutory investor compensation protection (up to £85,000 via the FSCS or €20,000 via the ICF). In contrast, international accounts operating under the SCB enjoy leverage up to 1:500 and promotional deposit incentives, but operate without European statutory compensation funds.

What Traders Say About Trading Conditions

My 2 first trades I confidently went to sleep woke up seeing my positions stop loss, the price was nowhere near my stop loss and was supposed to hit my tp but I lost, so I took note to be more careful of spread next time,

FxPro provides an extensive selection of funding methods encompassing international credit/debit cards, bank wires, regional payment networks, and digital currencies. Funding and withdrawals are coordinated through the centralized FxPro Direct portal and proprietary mobile wallet.

Making a Deposit

Deposits can be executed using bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. FxPro does not charge deposit fees, and the minimum initial deposit across all available payment methods is $100.

Card deposits and popular electronic wallets (including PayPal, Skrill, Neteller, Revolut, and Wise) credit account balances within approximately 10 minutes. Bank wire transfers require 3 to 5 business days for standard international clearing, while SEPA transfers within Europe process on the same business day.

Withdrawing Funds

FxPro maintains a zero-fee withdrawal policy. Regulatory anti-money laundering frameworks dictate that withdrawal requests must be remitted back to the original source of deposit up to the deposited amount before alternative payout channels are permitted.

FxPro processes withdrawal requests internally within one working day. Following broker authorization, e-wallet settlements (PayPal, Skrill, Neteller) and crypto payouts generally conclude within one business day. Bank card payouts (Visa, Mastercard, Maestro) depend on card issuer networks and can take up to 10 working days to reflect on bank statements.

What Traders Say About Their Payment Methods

Card withdrawal is pending after several days which is very bad. When you want to deposit by card they make it instant, but when you want to withdraw by card they tell you it can reach 15 days.

Other Options

CPT Markets and Dukascopy are both close funding alternatives to FxPro. Shared deposit methods include Mastercard, Visa, Wire Transfer, while shared withdrawal methods include Mastercard, Visa, Wire Transfer. For CPT Markets, the comparison is closest on withdrawal-method coverage of 11 vs 10. For Dukascopy, the comparison is closest on withdrawal-method coverage of 11 vs 9.

FxPro provides multi-channel customer assistance operating on a 24/5 schedule, aligning with global financial market trading hours from Monday morning through Friday evening. Assistance is accessible across numerous regional languages including English, Spanish, French, German, Russian, Arabic, Chinese, Japanese, and Portuguese.

How to Contact FxPro

Clients can contact the support desk through traditional channels as well as social messaging applications.

While the broker provides broad 24/5 multi-channel connectivity, complex support inquiries—such as technical platform troubleshooting or delayed funding and withdrawal queries—frequently encounter extended resolution delays. Standard administrative questions are handled more rapidly, but technical ticket resolution times represent an operational limitation for clients requiring immediate assistance.

What Traders Say About Their Support

When I contacted customer support, instead of resolving the issue, they simply replied that I had already accepted the terms and conditions.

Other Options

BDSwiss and SquaredFinancial both sit close to FxPro on customer support, with each comparison marked by recurring resolution concerns. With BDSwiss, feedback highlights technical resolution delays as a shared concern. All three also use the same support schedule (24/5). SquaredFinancial also has similar support channels, including Email, Live Chat, Phone.

FxPro offers a suite of market research and educational materials tailored to assist both entry-level and experienced traders in monitoring financial markets and understanding execution concepts.

Research Tools

The broker's research portal incorporates in-house analytical content, daily economic reporting, and technical commentary published on the FxPro blog. Key market tools include an interactive Economic Calendar that tracks macroeconomic data releases with historical figures and market consensus forecasts. Additionally, FxPro provides online trading calculators for calculating pip values, margin requirements, overnight swap fees, and currency conversions across supported assets.

Education

Educational content is divided into structured modules catering to different experience levels. Resources include comprehensive video tutorials covering basic trading mechanics, technical charting, and order types across MT4, MT5, and cTrader. Traders also have access to written beginner guides, webinars, financial seminars, and interactive webinars covering fundamental risk management principles and technical analysis methodologies.

FxPro has maintained a strong presence in the retail CFD industry since 2006, distinguished primarily by its multi-tier regulatory structure and diverse software ecosystem. Holding licenses from tier-1 authorities including the FCA and CySEC, alongside regional authorization from the FSCA and SCB, the broker delivers a secure environment backed by segregated client accounts, PwC financial auditing, and retail negative balance protection.

The broker's core strength lies in its technological versatility. By providing MetaTrader 4, MetaTrader 5, cTrader, TradingView integration, and its proprietary FxPro Edge and FxPro App environments, FxPro caters to discretionary traders, chart-focused technical analysts, and automated strategy developers alike. Institutional connectivity via FIX API and dedicated London Equinix VPS hosting further strengthens its appeal to algorithmic and high-frequency traders. Furthermore, its asset catalogue provides a wide selection of more than 1,800 equity CFDs, accommodating single-stock market participants.

Conversely, retail traders face notable trade-offs. Standard account pricing is relatively average, with EUR/USD spreads floating around 1.3 pips, meaning cost-conscious and high-frequency traders must gravitate toward the commission-based Raw+ or cTrader accounts to secure competitive trading costs. Additionally, the $5 monthly dormancy charge after six months and complex customer service ticket resolution times represent areas for potential improvement. Overall, FxPro stands as a reliable, technologically advanced brokerage well suited for intermediate and advanced traders who value multi-platform access, strong regulatory standing, and unrestricted execution flexibility.

Our assessment considers relevant broker specifications, official documentation, regulatory records, pricing information, account and platform information, and third-party trader feedback where specifically required by the review methodology. Descriptive terms and classifications used throughout our reviews, including those relating to leverage and tradable instruments, are based on the criteria and definitions established in our review methodology. Broker conditions can change over time, and reviews reflect the verified operational parameters and regulatory frameworks applicable at the review date.