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FxPro review and ratings

Established 2006
Location UK Cyprus Bahamas
Regulation FCA, CySEC, SCB
Offices London, Limassol, Nassau, Monaco
Broker type NDD
Leverage up to 1:500 (1:30 for EU clients)
Deposit from 100 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5 cTrader
Instruments Currencies Crypto Indices Metals Energies Softs Stocks
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller UnionPay
Best MT4 Test

Equity Growth: 125%

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Company information

FxPro group includes 3 related companies.

FxPro UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
FxPro CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
FxPro BS - located in the Bahamas, regulated by the Securities Commission of the Bahamas (SCB).

FxPro is also licensed in South Africa by the Financial Sector Conduct Authority (FSCA).

Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

FxPro group accepts clients from all over the world, excluding USA, Canada and Iran.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

70+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Etherium, Litecoin, Ripple.
25 Indice Cash CFDs Based on baskets of different blue-chip stocks.
10 Indice Futures Based on baskets of different blue-chip stocks and US Dollar Index.
6 Metal Spot CFDs Based on Gold and Silver.
3 Energy Spot CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
7 Soft Futures Based on Cocoa, Coffe, Corn, Cotton, Soybean, Sugar and Wheat.
140+ Stock CFDs Based on shares of US, UK, German and French companies.

Comprehensive review

Perhaps best-known as a sponsor of football clubs such as Watford and Fulham, FxPro is a retail forex and CFD brokerage that has been operating in the industry since 2006. The company is headquartered in London and claims to have more than 100,000 clients worldwide. The broker serves clients globally, except for residents of the USA, Canada, and Iran.

The FxPro brokerage operates across the world under the companies FxPro Global Markets Limited and FxPro Financial Services Limited, which in turn controls four separate entities that are fully regulated in the UK, Cyprus, South Africa, and The Bahamas.

As most other forex brokers, FxPro employs a no-dealing desk (NDD) model for their order execution. Thanks to the company’s own in-house spot aggregator, it was awarded the best global forex broker for FX execution by Capital Finance International, which tells us that order execution at this broker is something even industry players keep an eye on.

In terms of available trading instruments, FxPro offers its traders the usual selection of forex pairs and CFDs based on commodity futures, equity indices, equities, precious metals, and energies such as oil and natural gas. In addition, the broker has also added the cryptocurrencies Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple (XRP) to its offering, although this is only available for clients who can legally trade under the broker’s UK or Bahamas-regulated entities.

FxPro further offers its users the choice between four trading platforms, namely the MetaTrader 4 (MT4), MetaTrader 5 (MT5), the popular CFD-focused cTrader platform, and its own proprietary FxPro Platform, also known as FxPro Direct. As usual, FxPro has also made these trading platforms available via mobile apps for Apple and Android mobile smartphones.

Although FxPro does not offer the “social trading” experience that some other brokers have introduced in recent years, “expert advisors” (EAs) and automated trading is still available through the MetaTrader platforms. As many experienced traders know, these platforms also include back-testing of trading strategies for those who prefer to use systematic, programmable trading strategies.

In terms of funding methods, FxPro allows its clients to use bank wire transfers, popular payment cards such as Visa, MasterCard, American Express (AmEx) and UnionPay, as well as the e-wallet services Skrill and Neteller. In addition to those, PayPal funding is also available for clients signed up with the Cyprus-registered branch.

One thing we like about FxPro in this respect is that deposits and withdrawals are processed freely for all funding methods as long as the client has made at least one trade. The minimum initial deposit is also pretty much in line with the industry standard of USD 100 or the equivalent in another currency. However, the broker still recommends depositing at least USD 1,000 to get the most out of the trading experience.

When it comes to trading leverage, FxPro has available leverage all the way up to 1:500 for international clients, while EU-based clients as usual are limited to a 1:30 leverage in order to stay compliant with the more restrictive ESMA regulations that were introduced in 2018.

As the base currency of the trading accounts, FxPro offers traders accounts denominated in USD, EUR, GBP, CHF, JPY, PLN, AUD, and ZAR, although the specific currencies available will depend on the trader’s jurisdiction.

Customer service hours at FX Pro follows market hours, meaning it is available 24 hours a day on all trading days. The support team is available via email, live chat, a range of local phone numbers, and a request for callback option. The quality of FxPro’s customer service is also generally seen as quite good, with no major complaints found in online discussion forums.

Lastly, another thing that stands out with FxPro is the large library of educational materials and free trading tools they have made available on their website. Spread comparison tables and economic calendars are among those things that always come in handy for traders. In addition, the broker offers a wide range of calculators that are free to use, including a pip calculator, stop-loss calculator, and a commission calculator for their cTrader platform. These are all unique features of this broker that we believe builds trust and transparency on the part of FxPro.

Reviews from traders

4.42/5
(12 votes)
5/5
South Africa
South Africa
4/5
Poland
Poland
No rating
United Kingdom
United Kingdom
4/5
Russia
Russia
5/5
Nigeria
Nigeria
4/5
Russia
Russia
4/5
Ireland
Ireland
5/5
Brazil
Brazil
4/5
United Kingdom
United Kingdom
No rating
Ukraine
Ukraine
4/5
Ukraine
Ukraine
No rating
Canada
Canada
5/5
Netherlands
Netherlands
4/5
Sweden
Sweden
5/5
Ukraine
Ukraine
No reviews from traders yet.
Rating