FxPro

Is FxPro a trusted broker? What is the minimum deposit of Fxpro? You can find information and comments on FXPro minimum deposit, account types, bonuses and more!
9/10 (Expert Score)
Product is rated as #1 in category Forex Brokers

The winner of the most trusted forex brand in the UK in 2017, FxPro was Founded in 2006 with it’s headquarters in the UK, which the next step for a trusted broker is to get one of the best regulations from the best regulating organization in the market in the UK and that is the FCA.

And indeed, the broker not only has obtained the FCA license in the UK, but also has expanded its offices to several countries including Cyprus, The Bahamas and South Africa.

FxPro has grown into one of the most known forex brokers in the world and currently serves traders in from all over the globe.

This Fxpro broker review will talk about the advantages and disadvantages of FxPro in regards of spreads, minimum deposit, account types, demo accounts, trading platforms and tools, customer service etc. 

There’re more details to know and discuss about Fxpro and I’d advise you to refrain from opening an account with the broker until you read the details in this article first.

9Expert Score
Excellent

I reviewed FxPro based on the following criteria.

TRUST
9.5
COMMISSIONS AND FEES
9
CUSTOMER SERVICE
9
PLATFORM & TOOLS
9
PRODUCT PORTFOLIO
8.5
PROS
  • Strong regulation with 5 different regulator include FCA
  • Negative Balance Protection
  • Tight spreads
  • Multiple trading platforms offered
  • 50+ awards
CONS
  • Minimum deposit is 100$

Who is FxPro?

Who is FxPro?

Found in 170+ countries with expansions going on by the minute, and with over 30+ supporting languages on their official website, Fxpro didn’t overlook any details when it comes to clarity and transparency with their current and newly joined customers.

With several licenses from different countries around the world, and the great traffic of visitors on their official website of 1.5 million visitors, https://www.fxpro.com/, FxPro has managed to make a big name for itself not only in the UK forex market but also in the global forex and CFDs trading market.

With many awards up its sleeves, and sponsorships to 3 formula 1 teams, 4 football clubs, 2 rally championships, and 22+ events, all are the big names in each field. The broker is making sure that not only investors and forex traders would know about them, but the general public as well.

With the slogan “Trade like a pro”, they state on their website that they are the number 1 broker for forex. Offers investment services with Forex and CFDs with competitive spreads. FxPro offers the highest standards of security for its clients’ funds.

With FxPro, you can choose to trade with 5 different account types, 4 different trading platforms, and 2100+ Instruments to trade, the broker offers the necessary tools for all traders for the best trading experience with the utmost satisfaction and profits.

You can trade with 6 assets of CFDs with FxPro, that include:

  • Forex
  • Shares
  • Indices
  • Futures
  • Metals
  • Energies

And as the broker is making sure you’re having the best trading experience, the pioneering execution of trades, ultimate liquidity, and no dealing desk intervention are all provided to trades.

📃 Country of regulationCyprus, UK, Bahamas, South Africa
💰 Trading fees classLow
💰 Minimum deposit$100
💰 Withdrawal fee amount$0
🎮 Demo accountYes
🕖 Time to open an account1 day
💳 Deposit with bank cardAvailable
💸 Depositing with electronic walletAvailable
🛍️ Products offeredForex, CFD

Regulation and Investor Protection

FxPro Regulation and Investor Protection

Originating from the broker’s being a major advocate for transparency, FxPro makes sure to separate the traders’ funds from the company’s own operational funds and keep them in an internationally trusted major bank for maximum safety.

Founded in 2006 and with more than 15 years of experience in the industry, FxPro currently has branches in the United Kingdom, Cyprus, and the Bahamas.

Being as global and volatile as the high liquidity of a market like a forex market, which makes a great medium for scammers and fraud cases to take place since the market is huge and includes many different assets.

And with that comes the role of the regulators to stop such cases and protect clients’ funds that are placed with brokers for different kinds of investments.

Obtaining a financial organization license isn’t a walk in the park, especially for brokers, yet it’s a must in order to gain reliability and trust from the clients as well as the market altogether. and since the regulators are having constant updates and upgrades over the terms and rules of operating and the brokers are forced to follow these upgrades or they’d lose their license.

Getting a registration, having a license, passing audits, informing customers about service changes, etc. are some of the main basic criteria the brokers must follow in order to hold and maintain the licenses.

And in the FxPro case, as we’ve seen, it’s not only 1 regulator’s license that it has obtained, the broker is having continuous updates of their 4 highly-established licenses from the biggest names in the financial regulatory institutions.

  • FxPro UK Limited is authorized and regulated by the FCA since 2010 in the UK with registration number 509956.
  • FxPro Financial Services Limited is authorized and regulated by the CySEC since 2007 in Cyprus with license number 078/07.
  • FxPro Financial Services Limited is authorized by the Financial Sector Conduct Authority FSCA since 2015 in South Africa with authorization number 45052.
  • FxPro Global Markets Limited is authorized and regulated by the SCB in the Bahamas with license no. SIA-F184.

That’s why it’s safer to work with licensed forex brokers to protect yourself from fraud. These brokers are subject to constant audits and reviews to meet the requirements.

I think by now the question is real FxPro regulated or not now has been answered in a comprehensive way that no doubt the broker can be trusted with your funds.

Having such a great reputation due to the regulation, no wonder FxPro has gained many awards within the industry over the years. In which all , in my opinion, are well earned. Including best forex provider 2022 by OMA, best market analyst UK 2022, and the best online forex trading platform in the UK 2022 both by the Global Brands Magazine.

FxPro works with over 12 liquidity providers and some of them are well-known banks such as Barclays, Bank of America, RBS, EMIRATES NBD.

I can confirm, through all the details given above and the more you can find at https://www.fxpro.com/ that FxPro is not a scam broker.

Spreads and Account Types

Spreads and Account Types

FxPro provides both variable trading platforms and trading accounts. As in they provide MT4, MT5, cTrader, and FxPro trading platform in which the Fxpro account types are carrying the same names as the platforms.

Let’s say you want to trade and apply your transactions on the most known trading platform in the world, MT4. That means you will be trading with the account so called FxPro MT4 which has special characteristics and conditions differs from the other accounts.

In total, Fxpro account types are 5. With one special account dedicated to different types of Fxpro spreads which is the MT4 Instant & MT4 Fixed. Which offer both fixed and variable Fxpro spreads which are considered a great advantage for the traders as they can choose which one that matches better with their followed trading strategies.

The maximum leverage In Fxpro is 1:200 with forex majors and minors.

In addition to these account types, FxPro also offers a swap free Islamic account option for Muslim traders. Muslim traders need to apply for this via email. The company has the right to request you to document your religious belief or to reject your application.

They don’t offer a dedicated account manager or SMS service. In addition, since the clients you introduce will be under your partnership and you will earn rebates from their trading, then they cannot earn rebates on their own trading.

FxPro spreads are quite advantageous and competitive. For example; many brokers offer 2 pips for EURUSD in fixed spread accounts while FxPro offers 1.6 pips. That’s $ 4 more profit per lot. In floating spread accounts, 1,4 pips for EURUSD at MT4/MT5 accounts.

You can look at the features of the different account types in the table below.

Payment Methods

Withdraw and Funding Methods

We all agree that funding and withdrawal methods are the only means to operate your investments. And so for the broker to have several ways for funding is an essential factor to help the trader. And so with FxPro, having several branches in different parts of the world, it’s very natural to have different deposit and withdrawal methods depending on the rules and regulations of each country.

So for example, FxPro UK Limited operating in the UK has fewer means to fund and withdraw than the other branches. There are only options for Credit or Debit cards and Bank transfers. FxPro Financial Services Limited operating in Cyprus and South Africa has the most variety of deposit and withdrawal methods that include: Credit or Debit cards, Bank transfers, PayPal, Skrill, and Neteller. While FxPro Global Markets Limited operating in the Bahamas has the following methods: Credit or Debit cards, Bank transfers, Skrill, and Neteller.

In this Fxpro withdrawal review along with the deposit means we can see different ways of funding and you can choose the best means for you.

Fxpro doesn’t apply any fees on any means of deposit and withdrawal within the broker rules nor doesn’t it apply any charges for bank wire transfers. However, there might be some bank charges from the sending or the receiving banks according to their own structure. and these fees are in no way related to the broker.

Platforms

Trading Platforms

FxPro offers different platforms to its clients and hence it’s already gaining satisfactory feedback from customer reviews. And so, it’s only sensible to have the best in the market presented to the clients with Metaquotes MT4 and MT5 for starters.

Not only they’re the best in the forex trading world but they also the most used and traded with platforms. With great functions and management and follow-up tools, the MetaTrader is indeed the best and easiest assistant for traders.

cTrader is also available for usage and can be downloaded on your Windows pc. Where it uses cTID (cTrader ID) login functionality, meaning that all linked accounts can be accessed through a single login, and settings are synced.

Then we have the last offered trading platform by FxPro the broker’s very own FxPro trading platform which is also known as FxPro Edge. Which is an all-in-one solution, that makes you able to manage your accounts, manage funds & Trade from the integrated platform. You can download the platform from both google play and the app store on your phone as well to get it on your desktop as well through webtrader.

To sum it up, the available platforms at FxPro are:

  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • FxPro Edge

Demo Accounts

Demo Accounts

FxPro offers a 30-day Demo account option for both beginner traders to improve themselves and for experienced traders to test their new strategies. However, if no action is taken on the Demo account for 30 days, the account is closed.

You can find the button to register to a demo account almost everywhere on the broker’s official website home and branch pages too. The demo accounts are usually aimed for the forex newbies to tryout the market first before going into live account.

Demo accounts can also be used by expert traders who want to try out new strategies or test their knowledge.

Conclusion of FXPRO Review

Conclusion of FXPRO Review

Within this Fxpro review, we have covered all the details concerning the broker, from their unique collection of licenses from different parts of the world, Fxpro is having branching in the UK, Cyprus, the Bahamas, and south Africa. With FCA, CySEC, FSCA, and SCB respectively. Segregated accounts are present within the broker to make sure the clients’ funds are separate from the operational funds for Fxpro and to make sure clients’ funds are protected to the maximum level.

With 5 different account types and 4 different trading platforms, the broker is making sure to provide all possible varieties for different clients and their trading preferences. Fixed and variables Fxpro spreads are provided and the maximum leverage offered by the broker is 1:200 on forex trading currency pairs.

Demo accounts are available for new starters in the Forex and CFDs market for easy and knowledgeable trade before going into the live accounts. Fxpro customer service is available 24/5 with different languages available to accommodate their great base of customers from all over the world.

The broker has over 15+ years of experience with multiple awards from all over the world within the financial trading industry. With sponsorship deals on the biggest names in sports and events, Fxpro is making sure to prove they are the best in the market for their clients and future clients.

Valentin Cote

Valentin Cote

I am Valentin Cote, the author and owner of this personal blog. I compare and review forex brokers in my website. I am in the trading industry since 2009 and still learning. I also write useful articles for newbies about forex and investment. I love playing online games and Forex :)

14 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. In my opinion FxPro is good broker! Their support team rocks! Really help me so much. And they provide great webinars both for newbies and more advanced traders. Good range of trading instruments and very competitive spread.

  2. One of the most well-known brokerage companies, I work with them for a several years and never had any issues with the withdrawals, execution, server connection or another technical problems. Trustworthy and recommended broker!

  3. I am a novice, but it seems like FXPRO is a pretty good company. Convenient personal cabinet, large selection of trading tools, algorithmic trading is allowed. Also they offer good education.

  4. I’m completely satisfied with my Fxpro experience. Especially after my first successful withdrawal. It is the first broker where I have no problems. The platform is very easy to use. Also they provide good spreads and wide range of trading tools.

  5. The service is really good. Fxpro offers modern and fast platforms. And they often withdraw the profit. If you are looking for a trustworthy broker, I think I Fxpro is the right choice.

  6. Awesome and transparent broker. Traded with them for over 3 years, never had problems. They offer good spreads, convenient and fast platform, smooth transactions and good analytics. Client support is also at the highest level. No problems at all.

  7. I have been trading here for several years. I have no serious problems yet. Sometimes I have questions about the execution, but in general, everything is fine, compared to the various scam brokers fxpro is a paradise for the trader.

  8. I have a pretty nice experience with fxpro, everything goes well. Tradings run smoothly. Quite easy and fast registration, deposit and withdrawal process. Fast order execution.

  9. You need to know first what kind of trader you r…..I used to trade with FxPro under SCB, I have no complain under SCB, but since I stay in Dubai I want to transfer to FxPro Mena for easy withdrawal, but I have no idea that thers a difference between the 2? with an account of 300 I can only place one trade under FxPro mena, but under SCB I can place several trades aslong as the account can handle it. What I am saying is, if you are a fixed trader or a floating ….u better research first which broker u want to signup. If you are a risk taker just like me, u can go for Fxpro SCB, if you want a fixed and move slow U can choose FxPro Mena. I have no idea about FCA and Cysec, but iv tride the Mena and SCB, thers a big big difference. Now im back to FxPro SCB. Sorry, english here is not that good.

  10. I started with FxPro couple of months ago and I am astonished by their flexibility, quick deposit and withdrawal and customer support. Maybe it is a little bit early to make conclusion but I would certainly recommend FxPro to any trader.

  11. About 7 months ago I opened an account with FXPro. Execution time is pretty fast. Whenever I want to withdraw profit, they send my money the same day.

  12. I have been trading in this broker for 2 years. I did not have a problem depositing and withdrawing money. Especially when I use debit card as a withdrawal method I can withdraw money very quickly. good broker with good conditions.

  13. This broker is very professional and support desk is so helpful. They dont hvae many account types and spreads are relative high but they are trustworthy and good services.

  14. I have been trading trading for about 6 years. During this period I changed the brokers continuously, so the types of forex account I used changed constantly. I did not research any other brokers after I opened an account with Fxpro. Customer support is very good.

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Who Am I?

Hello to everyone. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning. I have traded with the most popular forex brokers, including the most unknown ones in any regulation and many different account types. So I think I have enough knowledge to compare brokers. You can learn about forex brokers by reviewing my blog.

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