FxPro Forex Broker Review for a clear look at trading costs
FxPro is a global forex broker that has built a strong name in online trading. It launched in 2006 and became the first broker…
FxPro is a global forex broker that has built a strong name in online trading. It launched in 2006 and became the first broker to sponsor a Formula 1 team in 2008.
FxPro Review Pros and Cons
FxPro has a solid reputation and has earned praise from many finance groups. Still, no broker is perfect. Here are the main strengths and weaknesses.
Pros
- FxPro has won several awards for execution quality.
- Client orders are completed in less than 11 milliseconds.
- The broker is open about its processes and publishes yearly slippage and requote stats.
- The website has a strong education section for both new and experienced traders.
Cons
- The range of tradable instruments is fairly limited.
Main Features
FxPro users get access to:
- 4 trading platforms
- 6 asset classes
- An economic calendar
- A demo account
- Latest forex news
- An all-in-one forex calculator
Trading Instruments
FxPro offers CFDs on the following markets:
- Metals
- Futures
- Forex
- Shares
- Energies
- Indices
- Cryptocurrencies
Spreads
FxPro provides floating spreads on all its platforms. It also offers an MT4 fixed-spread account, where the seven major FX pairs have fixed spreads.
For cTrader accounts, spreads on major FX pairs start from 0 pips. A trade charge of $45 applies for every $1,000,000 traded.
Leverage
Leverage depends on both the trader’s location and the instrument being traded. Maximum leverage can range from 1:2 for crypto on FxPro UK Limited accounts to 1:500 for major and minor forex pairs on FxPro Global Markets accounts.
Trading Platforms
FxPro supports these platforms:
- 4FxPro MetaTrader 4
- 5FxPro MetaTrader 5
- ✓FxPro cTrader
- ✓FxPro Platform
Base Account Currencies
FxPro UK Limited clients can open accounts in:
- EUR
- USD
- AUD
- GBP
- JPY
- CHF
- PLN
Fx Pro Financial Services and Global Markets clients can open accounts in:
- EUR
- USD
- AUD
- GBP
- JPY
- CHF
- PLN
- ZAR
Regulation
- Fx Pro UK Limited, regulated by the FDA
- Fx Pro Financial Services Limited, regulated by CSEC and FSCA
- Fx Pro Global Markets Limited, regulated by the SCB
Demo Account
Yes, Fx Pro offers demo accounts.
Islamic Account
Yes, Fx Pro offers a swap-free account.
Supported Countries
Fx Pro supports users in more than 170 countries. The US, Canada, and Iran are not supported.
Account Types
FxPro offers five account types:
- 4Fx Pro MT4
- 4Fx Pro MT4 Instant
- 5Fx Pro MT5
- ✓cTrader
- ✓Fx Pro EDGE
| Account Type | Instruments | Platforms | Commission | Execution Type | Minimum Lot Size |
|---|---|---|---|---|---|
| Fx Pro MT4 | Forex, metals, shares, futures, energies, indices | MT4 Desktop, MT4 WebTrader, MT4 mobile app | Spread only | Market execution | FX, metals, indices, and futures: 0.01 and up, shares: 10 and up, energies: 1 and up |
| Fx Pro MT4 Instant | Forex, metals, indices, energies, futures, shares | MT4 Desktop, MT4 WebTrader, MT4 mobile app | Spread only, fixed spreads apply to 7 major pairs on MT4 fixed-spread accounts | Instant execution | FX, metals, indices, and futures: 0.01 and up, shares: 10 and up, energies: 1 and up |
| Fx Pro MT5 | Forex, metals, indices, energies, futures | MT5 Desktop, MT5 WebTrader, MT5 mobile app | Spread only | Market execution | FX, metals, indices, and futures: 0.01 and up, energies: 1 and up |
| cTrader | Forex, metals, indices, energies | cTrader Desktop, cTrader Webtrader, cTrader mobile app for iOS and Android | For FX and metals, reduced spread plus $45 per 1 million traded, indices and energies are spread only | Market execution | FX, metals, and indices: 0.01 and up, energies: 1 and up |
| Fx Pro EDGE | Forex, metals, indices, energies, futures, shares | Fx Pro mobile app for iOS and Android, Fx Pro EDGE web, MT4 platform ranges | Spread only | Market execution | FX, metals, indices, and futures: 0.01 and up, shares: 10 and up, energies: 1 and up |
Fx Pro does not appear to list a maximum lot size, and the site suggests traders can hold 500+ open lots.
Trading hours are 24/5 for all account types, with a short pause from 10:00 p.m. to 10:01 p.m. in FxPro server time, which is GMT.
Deposit and Withdrawal Options
Available payment methods depend on your location. For example, Fx Pro UK users can use bank transfers and credit cards, while users in Cyprus may also have access to Neteller, Skrill, PayPal, and UnionPay.
Deposit Options
| Deposit Method | Processing Time | Fee |
|---|---|---|
| Bank transfer, broker-to-broker transfer | Depends on the working bank | Free |
| Credit and debit cards (Visa, Maestro, MasterCard, American Express) | 10 minutes | Free |
| E-wallets (Skrill, Neteller, PayPal, UnionPay) | 10 minutes | Free |
Withdrawal Options
| Withdrawal Method | Processing Time | Fee |
|---|---|---|
| Bank transfer, broker-to-broker transfer | 1 business day | Free |
| Credit and debit cards (Visa, Maestro, MasterCard, American Express) | 1 business day | Free |
| E-wallets (Skrill, Neteller, PayPal, UnionPay) | 1 business day | Free |
Trading Platform Comparison
Fx Pro offers four main platforms: MT4, MT5, cTrader, and FxPro Platform (EDGE).
| Feature | MT4 | MT5 | cTrader | EDGE |
|---|---|---|---|---|
| EA trading | Yes | Yes | Yes | No |
| Chart trading | Yes | Yes | Yes | Yes |
| Depth of market | No | Yes | Yes | No |
| 1-click trading | Yes | Yes | Yes | Yes |
| Indicators | 50+ | 35+ | 55+ | 50+ |
| Pending order types | 4 | 6 | 6 | 4 |
| Languages | 37 | 49 | 22 | 1 |
| Trailing stop | Yes | Yes | Yes, plus advanced take profit and breakeven stop loss | No |
Best Payment Choices for FxPro Users
If your region supports e-wallets, Skrill and Neteller are strong choices. They are third-party services, so you do not have to share your direct bank details with Fx Pro. Funding is also quick, since deposits usually process in about 10 minutes.
If you prefer card payments, the Trastra VISA card is another option. It lets you convert crypto to fiat right away, and you can use it for deposits and withdrawals on broker sites.
FAQ
What is the minimum deposit or withdrawal on FxPro?
The recommended minimum deposit is $100. Fx Pro does not list a minimum withdrawal amount. There are no deposit or withdrawal fees from FxPro, although bank fees may still apply if you use wire transfer. Check your bank details for wire charge information.
Does FxPro offer bonuses or promotions?
Fx Pro partners can access special promotions. Regular traders do not get the same offers.
How can I contact FxPro support?
You can use the help center, live chat, phone support, or email support@fxpro.com. These options can help with account deletion, partnership questions, funding, and other account issues.
Fx Pro gives traders a wide platform choice, clear pricing details, and several account types, but its instrument range is still narrower than some larger brokers. If those points matter to you, compare the account features, platform tools, and payment options before you open one.