FxPro review

Our rating

FxPro scores 9.1 out of 10 on our table. That figure is an average of six things we assess, and it hides the shape of the broker: its strongest area is regulation at 9.6, its weakest is education at 8.6. Whether that gap matters depends entirely on which of the six you were going to use.

In its favour: multiple platforms, strong regulatory framework. Against it: higher spreads on certain accounts.

Regulation and safety9.6/10

FxPro lists its authorisations as FCA (509956); CySEC (078/07); FSCA (45052); SCB Bahamas (SIA-F184); Seychelles FSA (SD120, via Invemonde Trading Ltd partnership). That is a mixed structure, and the mix is the point: it holds at least one tier-one licence alongside offshore entities, and which one takes your account depends on where you live rather than on which you would prefer.

The licence that matters to you is the one held by the entity that opens your account, and at a multi-entity broker that is decided by your country of residence. Its registration can be checked directly on the FCA Financial Services Register, FRN 509956. It is a two-minute check and it is the only way to confirm that the firm taking your deposit is the firm named on the website.

Client money is held separately from the firm's own funds, with Barclays Bank - so that if the business fails, client balances are not part of what its creditors can reach. Negative balance protection applies, so a gap through your stop cannot leave you owing the broker money.

On compensation: FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients. That covers the broker failing, not your trades losing money - the two are frequently confused and only one of them is insured.

FxPro does not accept clients from United States, Canada, Iran and other restricted jurisdictions. Restriction lists move, so confirm your own country before you spend time on an application.

What it costs to trade9.1/10

FxPro advertises spreads from 0.0 pips. Commission is $3.50 per side / $7 round turn, charged on top of the spread rather than instead of it - which is the normal arrangement on a raw account and the reason its quoted spread can be so low. Put the two together and a EUR/USD round turn works out at approx. 1.13 pips, which is the figure worth comparing against other brokers.

An advertised minimum is the best price a broker has ever quoted, not the price you will get. On our record its measured average on EUR/USD is 0.43 pips on cTrader, and 0.70 pips on cTrader on GBP/USD. Spreads are variable, so they move with liquidity and widen around releases and the daily rollover.

Positions held overnight accrue a swap, and swap-free accounts are available for clients who need them. Currency conversion applies where your account and the instrument use different currencies, which is a charge worth avoiding by funding in the currency you actually trade.

Platforms and tools9.4/10

FxPro runs MetaTrader 4, MetaTrader 5, cTrader, TradingView, FxPro Trading Platform. Both MetaTrader versions are available, which matters more than it sounds: an expert advisor written for MT4 will not run on MT5, so a trader arriving with existing software needs the specific version it was written for. cTrader adds depth of market and level II pricing, and usually accompanies raw-spread accounts rather than commission-free ones. TradingView integration means you can analyse and execute in the same window rather than charting in one tool and trading in another.

Automation is supported: yes. There is API access (yes, cTrader Open API/FIX API) for anyone connecting their own software. Copy trading is available through yes, cTrader Copy, which is the alternative to writing rules yourself.

Charting runs to 400+ through TradingView. Additional tools include TradingView, Trading Central, BeeksFX VPS. On mobile: both proprietary and third-party.

Markets, leverage and execution9.1/10

FxPro covers Forex, Metals, Indices, Futures, Energy, Shares, ETFs, Cryptocurrencies. That comes to 2,100+ instruments in total. On the currency side specifically it lists 70+ pairs. Breadth is worth less than depth in the markets you actually trade - a hundred instruments priced well beats a thousand you will never open.

Leverage is capped at 1:30, which is the retail limit under tier-one regulation - a protection rather than a restriction. Our record for this broker reads "1:30 retail", and the difference between those figures is the entity you are onboarded to rather than anything you can choose. Whatever the headline, the number that governs your position is the margin requirement on the specific instrument - it is always lower on shares and crypto than on major currency pairs.

Execution is no dealing desk intervention / market execution, routing orders to external liquidity rather than pricing them internally. Measured speed is under 8ms. Its servers sit in Equinix LD4, London, which is what determines latency more than any software choice.

Order types available: market, limit, stop, stop-limit, stop-loss, take-profit, trailing stop. Stops and limits are table stakes; what separates platforms is whether the ones you rely on are there and how quickly they can be modified once a position is open.

Accounts

Account types run to standard, Raw+, Elite, cTrader, Islamic, Demo. There is no minimum deposit, so the account can be opened and tested with whatever you are comfortable risking. The smallest position it will take is 0.01 lots, which is what actually governs how precisely you can size risk on a small account.

A demo account is available - note that 180-day lifespan, which is the cheapest way to find out whether the platform suits you. Swap-free Islamic accounts are offered. Professional classification is available for clients who qualify, which lifts leverage caps and lowers the protections that come with retail status - a trade rather than an upgrade. Opening takes typically a few minutes.

Accounts can be denominated in 13 base currencies. Funding in the currency you trade removes a conversion charge from every position, which is a small saving repeated indefinitely.

Deposits and withdrawals

Deposits can be made by Visa, Mastercard, bank transfer, Skrill, Neteller, crypto and regional/local payment methods. They clear in approx. 10 minutes for most methods.

Withdrawals go out by Visa, Mastercard, bank transfer, Skrill, Neteller, crypto and applicable local methods. Expect processed 24/5. There is no minimum withdrawal. Check the withdrawal routes rather than the deposit ones. They are frequently not the same list, anti-money-laundering rules usually require funds to return the way they came, and the difference only becomes apparent at the point you want your money back.

Local payment methods include yes, extensive region-specific payment options - which matters more than it looks if you are outside the broker's home market, since an international wire is slow and expensive compared with a domestic transfer.

Support and education8.8/10

Support runs 24/5, which covers the trading week but not the weekend - relevant if you hold positions through it, and particularly if you trade crypto. You can reach them by live chat, email, phone, callback. Live chat typically answers in under 2 minutes. Support is offered in multilingual.

Its education is substantial - courses, educational articles, tutorials, videos, platform guides and trading glossary - which is the difference between a broker that will teach you and one that will simply take the deposit. Research output covers Extensive: FxPro News, Trading Central, technical analysis, market outlooks, calculators and trading tools.

The company behind the brand

The company behind the brand is FxPro UK Limited, registered as 06925128. It operates from London, United Kingdom. It has been trading since 1999, which puts roughly 27 years and several market cycles behind it - including conditions that removed a good number of its contemporaries.

It sits within FxPro Group Limited. It is privately held, so its finances are not published the way a listed group's are. Headcount is in the 600+ range.

You may also see it under FxPro. Brands and legal entities rarely map one to one in this industry, and the name on the website is not always the name on the client agreement.