FxPro Review 2025: Reputable Broker for Most Traders
FxPro
United Kingdom
-
Minimum Deposit
$100
-
Withdrawal Fee
$0
-
Leverage
500:1
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Spread From
0.2
-
Minimum Order
0.01
-
Forex
Available
-
Crypto
Available
-
Stock
Unavailable
-
Indices
Available
Licenses
United Kingdom Market Making (MM)
Cyprus Market Making (MM)
South Africa Retail Forex License
Softwares & Platforms
Customer Support
+442031515550
(English)
Supported language: Arabic, Chinese (Simplified), English, French, German, Italian, Spanish
Social Media
Summary
FxPro, established in 2006, is a globally operating CFD broker regulated by authorities such as the FCA and CySEC, ensuring client fund safety. It offers over 2,100 instruments across forex, shares, indices, commodities, and cryptocurrencies, catering to diverse traders. FxPro supports popular platforms like MetaTrader 4, MetaTrader 5, and cTrader, alongside proprietary apps. Though spreads are higher than some competitors, it provides quality research, education, and 24/5 multilingual support.
- Regulated by top-tier FCA and CySEC
- 19 years in operation, serving 170+ countries
- Negative balance protection and segregated client funds
- 2100+ instruments across forex, shares, indices, commodities, and crypto
- MT4, MT5, and cTrader platforms with extensive features
- Spreads slightly higher than the tightest in the industry
- Proprietary platform trails behind best in market
- No service to U.S. clients
- No guaranteed stop-loss orders
- Limited special offers or promotions
Overview
Overview
FxPro, a leading contract for difference (CFD) broker, was founded in 2006 and operates globally. Regulated by top-tier authorities like the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC), FxPro prioritizes client fund safety. With over 2,100 tradable instruments across forex, shares, indices, commodities, and cryptocurrencies, FxPro caters to diverse trading needs. The broker offers popular platforms like MetaTrader 4, MetaTrader 5, and cTrader, alongside its proprietary web and mobile trading apps. While spreads may be higher than some competitors, FxPro provides quality research, educational content, and 24/5 multilingual customer support. Visit FxPro's official website for more details on account types, pricing, and features.
Overview Table
| Feature | Details |
|---|---|
| Headquarters | London, United Kingdom |
| Founded | 2006 |
| Regulation | FCA, CySEC, FSCA, SCB |
| Financial Services | Forex, CFD trading |
| Minimum Deposit | $100 |
| Platforms | MT4, MT5, cTrader, Proprietary |
| Instruments | 2,100+ |
| Leverage | Up to 1:500* |
| Research | Market analysis, Trading Central |
| Education | Articles, videos, webinars |
| Customer Support | 24/5 live chat, email, phone |
Fact List
- FxPro was founded in 2006 and is headquartered in London, UK.
- The broker is regulated by the FCA, CySEC, FSCA, and SCB.
- FxPro offers over 2,100 tradable instruments across multiple asset classes.
- Clients can trade on MT4, MT5, cTrader, and FxPro's proprietary platforms.
- The minimum deposit is $100.
- Maximum leverage up to 1:500 is available, varying by entity and instrument.
- FxPro provides quality market research and analysis, including from Trading Central.
- Educational resources include articles, videos, and webinars.
- 24/5 customer support is available via live chat, email, and phone.
- FxPro has processed over 445 million orders and serves clients in 170+ countries.
FxPro Licenses and Regulatory
FxPro operates under the oversight of multiple top-tier regulatory bodies, ensuring a high level of client protection and trust.
The broker holds licenses from the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Securities Commission of The Bahamas (SCB).
| Regulator | Entity | Reference/License Number |
|---|---|---|
| FCA (UK) | FxPro UK Limited | 509956 |
| CySEC | FxPro Financial Services Limited | 078/07 |
| FSCA (South Africa) | FxPro Financial Services Limited | 45052 |
| SCB (Bahamas) | FxPro Global Markets Limited | SIA-F184 |
Trading Instruments
FxPro offers an extensive range of over 2,100 tradable instruments across multiple asset classes:
| Instrument | Details |
|---|---|
| Forex | 70+ currency pairs, including majors, minors, and exotics. Spreads from 1.2 pips on EUR/USD. |
| Shares | 1,955 global stocks from US and European exchanges. |
| Indices | 29 major indices like UK 100, US SPX 500, and Germany 40. Spreads from 1 pip. |
| Commodities | 37 metals, energies, and agricultural products, including gold, oil, and natural gas. Spreads from 3.9 cents on WTI crude. |
| Cryptocurrencies | 28 crypto CFDs, such as Bitcoin, Ethereum, and Ripple. BTC/USD spread from $80. |
This diverse offering allows flexible portfolio construction and reflects FxPro's adaptability to market trends. The range compares favorably to industry averages.
Trading Platforms
FxPro offers multiple trading platforms to cater to different needs and preferences:
MetaTrader 4 (MT4)
The industry-standard platform with advanced charting, technical analysis tools, and automated trading capabilities. Available for desktop, web, and mobile.
MetaTrader 5 (MT5)
An upgraded version of MT4 with additional features, instruments, and a built-in economic calendar. Available for desktop, web, and mobile.
cTrader
A user-friendly platform with advanced features like depth of market, algorithmic trading, and copy trading. Available for desktop, web, and mobile.
FxPro Edge
FxPro's proprietary web-based platform has a customizable interface, advanced charts, and integrated news and analysis.
FxPro Mobile App
A mobile trading app for iOS and Android devices, offering essential features for on-the-go trading.
Trading Platforms Comparison Table
| Feature | MT4 | MT5 | cTrader | FxPro Edge |
|---|---|---|---|---|
| Charting | Advanced | Advanced | Advanced | Advanced |
| Technical Analysis | 30 indicators, 23 objects | 38 indicators, 44 objects | 70 indicators, 24 objects | 53 indicators, 13 objects |
| Automated Trading | Yes | Yes | Yes | No |
| Mobile App | Yes | Yes | Yes | Yes |
| Web-Based | Yes | Yes | Yes | Yes |
| Copy Trading | Available | Available | Built-in | No |
FxPro How to Open an Account: A Step-by-Step Guide
Follow these steps to open an account with FxPro:
- Visit FxPro's website and click "Register."
- Provide personal details, including name, email, and country of residence.
- Choose account type and base currency.
- Verify your email address.
- Complete the verification process by uploading your ID and proof of address.
- Fund your account using a supported payment method.
Requirement Details
- Minimum Deposit: $100
- Identification Documents: Government-issued ID - Proof of address
Charts and Analysis
FxPro provides several educational resources:
| Feature | Description |
|---|---|
| Trading Central | Automated technical analysis and trading ideas |
| FxPro Blog | Daily market analysis articles |
| FxPro Quant | Sentiment analysis tool |
| Economic Calendar | Upcoming market events |
| Webinars | Live and recorded educational sessions |
| Forex Calculators | Tools for margin, pip value, and more |
| eBooks | Trading guides and lessons |
These offerings are fairly comprehensive compared to industry standards. By investing in diverse, high-quality resources, FxPro empowers clients to enhance their trading skills.
FxPro Account Types
FXPro offers a variety of account types tailored to meet the needs of traders at every level.
| Feature | Standard | Raw+ | Elite |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | $30K in 2 months |
| Spreads | From 1.2 pips | From 0 pips | From 0 pips |
| Commissions | None | $3.5/lot | $3.5/lot |
| Rebates | No | No | From $1.5/lot |
| Base Currencies | 9 options | 9 options | 9 options |
FxPro's account variety is designed to cater to traders with different needs and experience levels. Visit their website for more details.
Negative Balance Protection
FxPro offers negative balance protection to all clients. This means a trader's losses cannot exceed their account balance, even in extreme market volatility. For example, if an account hits $0 due to a losing trade, the balance will not go negative. Key points:
- Protects against losses greater than account balance
- This applies to all FxPro clients regardless of jurisdiction
- Helps manage risk, especially with leveraged trading
- No additional terms or conditions to be aware of
FxPro Deposits and Withdrawals
FxPro offers several deposit and withdrawal methods with no fees:
Deposit Details
| Category | Details |
|---|---|
| Methods | Bank transfer, Credit/Debit card, E-wallets (Skrill, Neteller), Cryptocurrency |
| Processing Time | All deposits processed within 15 minutes |
| Deposit Limits | $100 minimum deposit, no maximum limits |
| Verification | Required for deposits |
Withdrawal Details
| Category | Details |
|---|---|
| Methods | Bank transfer, Credit/Debit card, E-wallets (Skrill, Neteller), Cryptocurrency |
| Processing Time | All withdrawals processed the same day as verification |
| Verification | Required for withdrawals |
Support Service for Customer
Reliable support is crucial for a positive trading experience. FxPro offers 24/5 multilingual support:
Customer Support Details Table
| Category | Details |
|---|---|
| Availability | 24/5 support: Sunday 22:00 to Friday 21:00 GMT |
| Limited support on weekends with reduced hours | |
| Languages | English, Chinese, Spanish, Portuguese, French, Polish, Italian, German, Austrian, Romanian, Russian, Korean, Japanese, Vietnamese, Thai, Turkish, Arabic, Indonesian, Malaysian, Hungarian |
| Live Chat | - Accessible from every page on FxPro's website |
| - Connect with a live agent within seconds | |
| - Fastest way to get help | |
| Phone Support | - Local numbers in UK, Cyprus, Monaco, Bahamas, UAE |
| - UK number toll-free for residents | |
| - Wait times usually under 5 minutes | |
| Email Support | - General queries: support@fxpro.com |
| - Account/Financial questions: backoffice@fxpro.com | |
| - Regulation/Legal issues: compliance@fxpro.com | |
| - Typical response time under 24 hours |
Prohibited Countries
FxPro does not accept clients from these countries due to regulatory restrictions:
Restricted Countries
- United States
- Canada
- Iran
- Afghanistan
- Yemen
- Democratic Republic of Congo
- Guam
- Syria
- Zimbabwe
- Côte d'Ivoire
- Guyana
- Puerto Rico
- American Samoa
- Sint Maarten
- Curacao
- Myanmar
- Somalia
- Equatorial Guinea
- South Sudan
- Vanuatu
- North Korea
- Virgin Islands
Attempting to trade from these locations violates FxPro's terms of service.
Special Offers for Customers
FxPro currently does not appear to have any special offers or promotions available for new or existing clients. However, the Elite account provides rebates starting at $1.5 per lot for high-volume traders who deposit at least $30,000 within 2 months.
Conclusion
After thoroughly reviewing FxPro, I believe they are a trustworthy and reputable broker. They are regulated by top-tier FCA and CySEC, plus FSCA and SCB. With 19 years in operation, they serve clients in over 170 countries. FxPro offers negative balance protection and segregates client funds.
Traders can access 2100+ instruments across forex, shares, indices, commodities, and crypto. MT4, MT5, and cTrader platforms provide extensive features. FxPro's proprietary web platform, while capable, trails behind industry leaders.
Research and education are comprehensive. 24/5 multilingual support is available via chat, email, and phone.
Some drawbacks include spreads slightly higher than the most competitive brokers and no service to U.S. clients.
Overall, FxPro is a solid choice for most traders seeking trusted regulation, wide asset selection, quality platforms, and negative balance protection. Their longevity and scale also inspire confidence.
As with any broker, compare FxPro's specific offerings to your needs. For many, they will be a strong fit. Visit their website for the latest details.