FxPro Review

FxPro Review: A Deep Dive into a Reputable Forex Broker

Written by:




Navigating the ever-evolving forex market can be a daunting task, especially for aspiring traders. Choosing the right broker is crucial for ensuring a smooth and secure trading experience. In this comprehensive FxPro review, we’ll delve into every aspect of this established forex broker, empowering you to make an informed decision about whether it aligns with your trading goals.

Company Overview:

FxPro, founded in 2006 and headquartered in London, boasts a solid reputation as a well-regulated and reliable forex broker. With over 14 years of experience, they cater to traders worldwide, offering access to a diverse range of trading instruments across multiple platforms. FxPro has garnered numerous industry accolades, solidifying its position as a trustworthy partner in the forex market.

FxPro Review
FxPro Review


  • Multiple Platform Options: FxPro provides access to industry-renowned platforms like MT4, MT5, cTrader, and their own web-based platform, FxPro Edge. This caters to different trading styles and experience levels.
  • Competitive Spreads and Commissions: FxPro offers tight spreads on major pairs, starting from 0.6 pips with commissions or 0 pips with a wider spread on their commission-free accounts.
  • Extensive Asset Selection: Trade over 170 instruments, including forex pairs, metals, commodities, indices, and even cryptocurrencies.
  • Leverage and Margin: Enjoy flexible leverage options, ranging from 1:30 to 1:500 depending on your regulatory region and instrument.
  • Multiple Account Types: Choose from Classic, Advantage, MT4/MT5 Standard, cTrader Standard, and VIP accounts, each tailored to specific trading needs and preferences.
  • Fast and Secure Transactions: Deposit and withdraw funds through various convenient methods, including bank transfers, credit/debit cards, and e-wallets.
  • Dedicated Customer Support: Access 24/5 multilingual support via live chat, email, and phone, ensuring prompt assistance whenever needed.

Pros and Cons:


  • Highly regulated and trustworthy: Licensed by Tier-1 regulatory bodies like the FCA and CySEC.
  • Wide range of trading instruments: Cater to diverse trading strategies.
  • Multiple platform options: Choose the platform that best suits your needs.
  • Competitive spreads and commissions: Enjoy cost-effective trading.
  • Fast and reliable order execution: Minimizes slippage and ensures smooth trading.
  • Excellent customer support: Get assistance whenever needed.
  • Educational resources and market analysis: Enhance your trading knowledge.
See Also :  Athens Market Review 2024: Unveiling the Truth for Aspiring Traders


  • Higher fees compared to some discount brokers: May not be ideal for high-frequency traders.
  • Limited educational resources compared to some competitors: Could benefit from further expansion.
  • FxPro Edge platform limitations: Currently only available in English and lacks mobile access.

Regulation and Security:

FxPro prioritizes the safety of its clients’ funds, operating under the stringent regulations of Tier-1 financial authorities:

  • Financial Conduct Authority (FCA) in the UK: License number 509956.
  • Cyprus Securities and Exchange Commission (CySEC): License number 078/07.

These licenses ensure adherence to strict financial standards, safeguarding client funds and promoting trading with confidence.

Spreads, Commissions, and Fees:

FxPro offers both commission-free and commission-based accounts with competitive spreads. Spreads for major pairs start from 0.6 pips on commission-based accounts and slightly wider on commission-free accounts. Other fees, such as inactivité fees and deposit/withdrawal fees, may apply, so refer to FxPro’s website for a detailed breakdown.

Leverage and Margin:

Leverage options vary depending on your regulatory region and chosen instrument. Generally, leverage ranges from 1:30 to 1:500, allowing you to control larger positions with a smaller investment. However, remember that higher leverage also amplifies both potential profits and losses.

Account Types:

FxPro offers a variety of account types to cater to diverse trading needs and experience levels:

Account TypeMinimum DepositSpreadsCommissionsFeatures
Classic$100From 1.2 pipsNoneBasic account with no fees
Advantage$100From 0.6 pips0.4 pips/€ per sideTight spreads and commission
MT4/MT5 Standard$100From 0.9 pipsNoneIndustry-standard platforms
cTrader Standard$100From 0.6 pipsNoneAdvanced charting and technical analysis tools
VIPUpon requestNegotiableNegotiablePersonalized service and exclusive benefits

Deposits and Withdrawals:

FxPro facilitates fast and convenient deposits and withdrawals through various methods:

  • Bank Transfers: Reliable and secure, but processing times may vary depending on your bank.
  • Credit/Debit Cards: Instant deposits, but withdrawals may take longer and incur processing fees.
  • E-wallets: Offer the fastest processing times, but availability depends on your location and chosen e-wallet provider.

FxPro prioritizes swift fund transfers, aiming to process most withdrawal requests within 24 hours. Minimum withdrawal amounts and potential fees may apply, so be sure to check their website for detailed information.

See Also :  Deriv Forex Broker Review

Trading Instruments:

FxPro boasts a diverse selection of tradable instruments, catering to various trading strategies and risk appetites:

  • Forex Pairs: Trade over 80 major, minor, and exotic currency pairs with competitive spreads.
  • Metals: Gain exposure to precious metals like gold, silver, and platinum with leverage.
  • Commodities: Trade energies like oil and gas, or agricultural products like coffee and wheat.
  • Indices: Access major global indices like the S&P 500 and FTSE 100.
  • Cryptocurrencies: Trade popular cryptocurrencies like Bitcoin and Ethereum against major fiat currencies.

This wide range of instruments allows you to diversify your portfolio and manage risk through different asset classes.

Trading Platforms:

FxPro provides access to three industry-leading platforms and their own web-based platform:

  • MetaTrader 4 (MT4): The classic platform, popular for its user-friendly interface, extensive indicators, and powerful backtesting capabilities.
  • MetaTrader 5 (MT5): The advanced version of MT4, offering additional features like built-in news feeds and market depth.
  • cTrader: A modern platform known for its fast execution, intuitive interface, and advanced order types.
  • FxPro Edge: FxPro’s proprietary web-based platform, offering basic market analysis tools and one-click trading.

Choosing the right platform depends on your trading style, experience level, and desired features. FxPro allows you to demo all platforms before opening a live account, allowing you to find the perfect fit.

Research and Education:

FxPro understands the importance of knowledge and education for successful trading. They offer a range of resources to help traders of all levels improve their skills:

  • Daily market analysis: Receive free technical and fundamental analysis from experienced FxPro analysts.
  • Educational webinars: Attend live webinars covering various trading topics and strategies.
  • Video tutorials: Access a library of video tutorials explaining platform features and trading concepts.
  • E-books and articles: Get valuable insights through downloadable e-books and informative articles.

These resources provide traders with a solid foundation for making informed trading decisions and developing their skillset.

Bonuses and Promotions:

FxPro periodically offers promotions and bonuses to incentivize new and existing clients. These may include:

  • Welcome bonuses: Get a cash bonus upon opening a new account and making your first deposit.
  • Refer-a-friend bonuses: Earn rewards for referring friends who open FxPro accounts.
  • Deposit bonuses: Receive bonus funds on top of your deposit amounts.
  • Trading contests: Participate in trading contests to win cash prizes and other rewards.
See Also :  FXTM Forex Broker Review

It’s important to carefully review the terms and conditions of any bonus offers before accepting them, as they may come with specific rollover requirements or other restrictions.

Customer Service:

FxPro prioritizes providing excellent customer support to its clients. They offer 24/5 multilingual support through:

  • Live chat: Get instant assistance from a live chat representative.
  • Email: Submit your inquiries via email and receive a prompt response.
  • Phone: Call their dedicated customer support line for direct assistance.

The support team is knowledgeable and helpful, ensuring you receive the assistance you need whenever you encounter any issues.

5 FAQs:

1. Is FxPro safe and reliable?

Yes, FxPro is a highly regulated and trustworthy broker, licensed by Tier-1 regulatory bodies like the FCA and CySEC. They prioritize client safety and security, ensuring transparent and fair trading practices.

2. What is the minimum deposit at FxPro?

The minimum deposit varies depending on the chosen account type. Most accounts require a minimum deposit of $100, although VIP accounts may have higher minimums.

3. What platform does FxPro recommend?

The best platform for you depends on your trading style and experience level. FxPro offers demos for all platforms, allowing you to test them before choosing one.

4. Does FxPro offer educational resources?

Yes, FxPro provides a range of educational resources, including webinars, videos, articles, and e-books, to help traders of all levels improve their skills.

5. Does FxPro offer bonuses and promotions?

Yes, FxPro occasionally offers welcome bonuses, deposit bonuses, refer-a-friend bonuses, and trading contests. However, always carefully review the terms and conditions of any promotions before accepting them.

Is FxPro Right for You?

FxPro offers a compelling value proposition for both beginner and experienced traders. With its diverse range of instruments, competitive spreads and commissions, multiple platform options, and excellent customer support, FxPro makes trading forex readily accessible. However, its higher fees compared to some discount brokers and limited educational resources compared to some competitors might be drawbacks for certain traders.

Ultimately, the decision of whether FxPro is right for you depends on your individual trading needs and preferences. Carefully consider your priorities, trading style, and risk tolerance before choosing a broker.

Further Recommendations:

  • Compare FxPro with other reputable forex brokers to find the best fit for your needs.
  • Open a demo account with FxPro and test their platforms and tools before committing to a live account.
  • Utilize the educational resources provided by FxPro to enhance your trading knowledge and skills.
  • Develop a clear trading strategy and manage your risk effectively before you start trading live.

By following these recommendations, you can ensure you make an informed decision about choosing FxPro as your forex broker and increase your chances of success in the competitive world of online trading.

HFM (HF Markets)


Regulation:FCA, CySEC, FSC


Minimum Spread:Variable

Min Deposit: $50



Regulation:FCA, CySEC, FSCA, SCB


Minimum Spread:Variable (from 0.1 pips)

Min Deposit: $100

BlackBull Markets


Regulation:FMA (New Zealand), FSA (Seychelles)

Headquater:New Zealand

Minimum Spread:0.0 pips

Min Deposit: $0


Regulation:FCA, CySEC, FSCA, CIMA


Minimum Spread:0

Min Deposit: $10


Regulation:FCA, ASIC, CySEC

Headquater:Limassol, Cyprus

Minimum Spread:Variable

Min Deposit: $5

See Also ;

Leave a Reply

Your email address will not be published. Required fields are marked *

Go to