FxPro is a popular retail forex broker that has been serving forex traders since 2006 and currently has over 1.3 million clients from over 173 countries. Its website is translated in about 25 languages. The broker’s head office is in the UK, but it has branches in Cyprus, Monaco, UAE, and the Bahamas. With over 250 instruments across six asset classes, FxPro offers a unique trading experience with fast execution speed, competitive fees, and negative balance protection. The broker provides clients with four popular trading platforms —MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and Edge.
FxPro Review Introduction
In this FxPro review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including FxPro.
FxPro Platforms & Tools
FxPro provides clients with MT4 and MT5 platforms — the two most widely used trading platforms among traders. The platforms are available as desktop applications for Windows and Mac computers, web-based trading terminal, and mobile apps for Apple and Android devices. In addition, the broker also provides cTrader, which is available as a web platform, installable application for Windows, and mobile apps for Android and iOS devices, as well as their proprietary FxPro Edge, which is a web-based platform with mobile trading Android and iOS apps designed specifically for spread betting.
There also a number of useful trading tools made available by this broker, such as the FxPro Direct App, FxPro Tools App, VPS, Economic Calendar, Earnings Calendar, FxPro Market News, Trading Central’s Analysis, Trader’s Dashboard, and All-In-One FX Calculator.
FxPro Research & Education
The broker’s education section has a free forex basic course arranged in nine sessions. Each session has training cards and check-yourself quizzes and covers topics like financial markets, chart types, pips, lots, leverage, margin, and more. There also courses for technical analysis, fundamental analysis, and trading psychology. Clients also have access to tutorial videos from previous webinars and can also participate in new webinars.
FxPro Trading Accounts
These are the account types available with this broker:
- MT4 Fixed Spreads: Fixed spreads and instant executions
- MT4: Variable spreads with market executions
- MT4 Variable Spread: Floating spreads and instant execution
- cTrader Account: Floating spreads and market execution
- MT5 Account: Floating spreads and market execution
The minimum deposit is $100, but the broker recommends starting with $500. MT5 accounts are available for DFSA-regulated jurisdiction, and Islamic swap-free accounts are available on a written request via email.
FxPro Account Funding
FxPro accepts multiple payment methods, including bank transfers, credit/debit cards, and online payment processors, such as Skrill, Neteller, PayPal, and UnionPay. Acceptable credit/debit card providers are Maestro, MasterCard, and Visa. Transaction charges, amount limits, and processing time depend on the type of payment method.
FxPro Customer Service
The broker offers multi-lingual customer support services in over 20 languages, and the customer support team can be reached via phone, email, online chat, and the “call back” form on the contact page. You can also reach them on Facebook, Instagram, LinkedIn, Twitter, YouTube, and Telegram.
FxPro is the brokerage brand name for FxPro Group Limited, which is a parent company with multiple subsidiaries that are regulated in various countries as follows:
- FxPro UK Limited is licensed and regulated by the Financial Conduct Authority (FCA)
- FxPro Financial Services Limited is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC)
- FxPro Financial Services Limited (South Africa) is authorized by the Financial Sector Conduct Authority (FSCA)
- FxPro Global Markets Middle East and North Africa (MENA) is licensed and regulated by the Dubai Financial Services Authority (DFSA)
- FxPro Global Markets Limited is regulated by the Securities Commission of the Bahamas (SCB)
The broker is also registered with the BaFin — the financial regulator in Germany. All clients’ funds are kept in segregated accounts held in some of the top banks in Europe.
FxPro Review Summary
FxPro is a well-established global broker that is regulated in multiple jurisdictions. They offer forex trading, CFDs, and spread-betting services in six asset classes. The broker provides multiple flexible trading platforms and helpful trading tools.
It is worth mentioning that some of the trading products and services in this FxPro review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the FxPro broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.