FxPro in 60 Seconds
| Question | Answer |
|---|---|
| Main reason to consider FxPro | Five platform options, including MT4, MT5, cTrader, TradingView and a proprietary app. |
| Biggest drawback | More difficult support cases have included recurring technical and funding problems that take too long to resolve. |
| Minimum deposit | $100. |
| Pricing model | Floating spreads; Standard is spread-only, while Raw+ and cTrader charge commission on forex and spot metals. |
| Main platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView and the proprietary FxPro App. |
| Main markets | Forex, commodities, indices, futures, stocks and ETFs, with cryptocurrency CFDs also offered. |
| Maximum leverage | Up to 1:500 for FX and gold on specific accounts; UK and EU retail clients are capped at 1:30 for major currency pairs. |
| Best suited to | Intermediate and experienced traders who value platform choice, fast execution and access to multiple CFD markets. |
| Less suited to | Traders who need a consistently smooth support experience, given reports of slow resolution for technical and funding issues. |
FxPro combines a broad toolkit with pricing and leverage that depend on account and jurisdiction. Comparing the applicable entity and account terms is central to judging the offer.
Pros
- Supports MT4, MT5, cTrader, TradingView and a proprietary mobile app.
- Allows scalping, hedging, news trading and algorithmic strategies.
- Offers negative balance protection to retail clients and segregates client funds.
Cons
- The $100 minimum deposit is higher than a no-minimum account.
- A $5 monthly inactivity fee applies after six months.
- More difficult support cases include recurring technical and funding problems that take too long to resolve.
How FxPro Works
The basic trading model
FxPro offers leveraged forex trading and CFDs across markets including stocks, indices, commodities and cryptocurrencies. Stock exposure is through CFDs, so clients do not own the underlying shares or receive voting rights. Crypto exposure is also generally through leveraged derivatives rather than ownership of coins in a wallet.
Clients can choose among Standard, Raw+, Elite and cTrader account options, then access trading through supported platforms. MT4 and MT5 support Expert Advisors, while cTrader supports copy trading through cTrader Copy. FxPro also supports MetaTrader signals, and cTrader's automation tools include cBots.
Important regional differences
FxPro operates under regulators in the United Kingdom, European Union, Bahamas and South Africa. The applicable entity affects leverage: UK and EU retail clients are capped at 1:30 for major currency pairs, while specific professional or offshore accounts can reach 1:500 for FX and gold. Instrument availability and legal protections also depend on the client’s jurisdiction.
The Costs That Matter
Trading costs
FxPro uses floating spreads. Average spread figures are distinct from minimum or advertised spreads and do not, by themselves, describe the full cost of a trade.
| Instrument | Typical / Average Spread | Commission |
|---|---|---|
| EUR/USD | 1.3 pips average | Standard is commission-free; Raw+ and cTrader charge $3.50 per lot per side on forex. |
| GBP/USD | 1.8 pips average | Standard is commission-free; Raw+ and cTrader charge $3.50 per lot per side on forex. |
| Gold (XAU/USD) | 0.42 points average | Standard is commission-free; Raw+ and cTrader charge $3.50 per lot per side on spot metals. |
| S&P 500 CFD | 0.7 points average | No commission on indices. |
Standard MT4/MT5 accounts use spread-only pricing, with spreads from 1.2 pips. Raw+ offers zero spreads for more than 90% of the trading day on selected FX pairs and a maximum commission of $3.50 per lot per side on the cited terms. Raw+ and cTrader combine raw market spreads with commission; the $3.50-per-side rate applies to forex and spot metals.
Non-trading costs
FxPro charges no direct deposit or withdrawal fee, although payment-provider or bank fees may apply. A $5 monthly inactivity fee applies after six months. Currency conversion fees may apply when deposits, withdrawals or trades involve a currency different from the account's base currency.
Overnight swap fees apply when positions are held past 21:59 UK time. For FX and metals, triple swaps are charged on Wednesdays; other instruments, including cryptocurrencies, are charged on Fridays. Crypto instruments have a fixed 20% annual charge on both long and short positions. Swap-free Islamic accounts avoid overnight interest, though administrative fees may apply after a grace period.
Cost takeaway
Standard pricing avoids a separate commission on forex but uses spread-only pricing. Raw+ and cTrader may be more relevant to traders seeking raw spreads who are comfortable accounting for per-side commission. Overnight financing, currency conversion and inactivity charges can still affect the total cost, even when a broker transaction fee is absent.
The Costs That Matter
- Standard MT4/MT5 uses spread-only pricing, with spreads from 1.2 pips.
- Raw+ and cTrader charge $3.50 per lot per side on forex and spot metals.
- A $5 monthly inactivity fee applies after six months; overnight swaps and currency conversion fees may also apply.
Choosing Your FxPro Setup
Account options
| Feature | Standard | Raw+ | Elite | cTrader |
|---|---|---|---|---|
| Pricing model | Spread-only; spreads from 1.2 pips. | Zero spreads for 90%+ of the trading day on selected FX; commission up to $3.50 per lot per side. | Raw/zero-style pricing. | Raw market spreads plus commission. |
| Minimum deposit | no fixed trading-account minimum is published; FxPro recommends about $1,000 initial funding and payment-method minimums may apply. | no fixed trading-account minimum is published; FxPro recommends about $1,000 initial funding and payment-method minimums may apply. | Higher qualification/funding threshold; exact threshold #. | no fixed trading-account minimum is published; FxPro recommends about $1,000 initial funding and payment-method minimums may apply. |
| Platform access | MT4 / MT5 | MT4 / MT5 | MT4 / MT5 | cTrader |
| Main restriction | spread-based pricing with no separate FX commission. | Raw+ uses raw spreads plus commission on FX/metals. | Higher-volume qualification. | cTrader FX/metals pricing is commission-based; full account/entity conditions apply. |
| Most relevant for | Traders who prefer spread-only pricing and micro-lot trading. | Traders seeking raw spreads on selected FX pairs and accepting commission. | Higher-volume clients seeking VIP/rebate-style terms. | Traders who want cTrader pricing and platform-specific features. |
Standard keeps the pricing structure straightforward by using spreads rather than a separate forex commission. Raw+ and cTrader use raw spreads with commission, while Elite is positioned for higher-volume clients and uses raw or zero-style pricing. Account-specific minimums and eligibility should be checked before choosing.
Platform choices
| Platform | Web | Desktop | Mobile | Automation | Main Limitation |
|---|---|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes | Yes — Expert Advisors (MQL4) on the desktop/VPS environment | Full MQL4/EAs/custom-script functionality is desktop/VPS-centric; the browser/mobile clients do not provide the full desktop automation environment. |
| MetaTrader 5 | Yes | Yes | Yes | Yes — Expert Advisors (MQL5), Strategy Tester and MQL5 automation on desktop/VPS | Full EA/custom-code development and testing are desktop/VPS-centric; browser/mobile versions are primarily for trading and monitoring. |
| cTrader | Yes | Yes | Yes | Yes — cBots in C# or Python; cloud cBots can run 24/7 and be started from Web/Mobile/Desktop | Creating, editing, backtesting and optimising cBots is centered on cTrader Windows/Mac; broker permissions can also affect automation. |
| Proprietary FxPro App | No | No | Yes | No native user-programmable algorithmic engine identified; custom automation, where available, uses another supported platform/API. | Mobile app for trading/account management; custom coded automation is handled via specialist platforms rather than the app. |
| TradingView | Yes | Yes | Yes | Partial — Pine strategies, server-side alerts and webhooks; direct unattended live execution requires a compatible broker/API/bridge | TradingView strategy orders are evaluated by its broker emulator; a Pine strategy by itself is not universal live broker auto-execution. |
Base currency and account configuration
FxPro account base currencies include USD, EUR, GBP, CHF, JPY, PLN, AUD and ZAR. A currency conversion fee may apply when the account currency differs from the currency used for a deposit, withdrawal or trade.
FxPro offers a demo account and swap-free Islamic accounts. The Islamic option is available on MT4, MT5 and cTrader; swap-free treatment can have a grace period, after which administrative fees may apply.
Choosing Your FxPro Setup
- FxPro offers Standard, Raw+, Elite and cTrader account options.
- MT4 and MT5 are available on desktop, web and mobile; cTrader also supports cBots.
- Base account currencies include USD, EUR, GBP, CHF, JPY, PLN, AUD and ZAR.
What You Can Trade
FxPro offers several leveraged markets, with stock exposure through CFDs and cryptocurrency exposure generally through derivatives rather than ownership of the underlying asset. Market access and leverage can vary by jurisdiction and account.
| Market | Approx. Number | Important Detail |
|---|---|---|
| Forex | 70 | Leveraged FX trading. Leverage, swap charges and pair availability can differ by account and legal entity. |
| Indices | 19 | Index exposure is through leveraged derivatives rather than ownership of an index. Cash or futures pricing, trading hours and overnight charges can differ. |
| Commodities | 46 | Commodity exposure is mainly through leveraged derivatives linked to spot or futures prices. Rollover, financing and trading-hour breaks can apply. |
| Stocks | 1,832 | Share exposure is mainly through CFDs. Traders do not own the shares or receive voting rights; short positions and overnight financing can apply. |
| Cryptocurrencies | 37 | Crypto exposure is generally through leveraged derivatives rather than wallet ownership. Availability can be restricted by jurisdiction. |
| Bonds | Not offered | - |
| Other | 46 | This group can include ETFs, futures, options, baskets or other leveraged products. Eligibility, margin and trading hours can differ by platform and account. |
What You Can Trade
- The offering includes 70 forex pairs, 19 indices, 46 commodities and 1,832 stocks.
- FxPro offers 37 cryptocurrency instruments, generally as leveraged derivatives rather than wallet assets.
- Bonds are not offered; the Other category contains 46 instruments and can include ETFs, futures, options and baskets.
What Trading Is Like in Practice
Order execution
FxPro describes its execution as STP and uses market execution. A fill can differ from the requested price in either direction during volatile or rapidly moving markets. FxPro allows scalping and news trading, but high-impact releases can bring slippage.
Leverage, margin and stop-out
Maximum leverage reaches 1:500 for FX and gold on specific accounts, but the limit varies by regulator and client status. UK and EU retail clients are capped at 1:30 for major currency pairs. FxPro uses dynamic leverage, so available leverage can fall automatically as position size increases. Cryptocurrency leverage is typically capped at 1:10.
The margin-call level is 60%, and the stop-out level is 50%. These thresholds are relevant to the point at which the broker may intervene in positions as account margin falls.
Trading restrictions
FxPro allows scalping, hedging and news trading. MT4 and MT5 support Expert Advisors, while cTrader supports cBots. Copy trading is available through cTrader Copy and MetaTrader signals. Hedging is supported on most platforms and account types, although some MT5 accounts may default to netting, where opposing trades close each other out.
Day-to-day usability
Traders can use desktop, web and mobile versions of MT4, MT5 and cTrader, or use the proprietary app on mobile. FxPro also supports API trading, including cTrader Open API and FIX API connectivity via PrimeXM. VPS hosting is available for running automated strategies; it costs $30 per month and is free for Premium/VIP account holders.
What Trading Is Like in Practice
- FxPro allows scalping, hedging and news trading, although volatile markets can cause slippage.
- The margin-call level is 60% and the stop-out level is 50%.
- Dynamic leverage can reduce the available limit as position size increases.
From Sign-Up to First Trade
1. Eligibility
FxPro does not accept clients from the United States, Canada, Afghanistan, Ivory Coast, Iran, Iraq, Laos, Lebanon, Libya, Mongolia, Myanmar, Palestine, Puerto Rico, Somalia, Syria or Trinidad and Tobago. Account terms and leverage also depend on the client's jurisdiction and status.
2. Registration
Clients can register for a demo account or begin an application for a live account. FxPro offers Standard, Raw+, Elite and cTrader account options; platform and pricing choices should be matched to the intended trading approach.
3. Verification
KYC verification is required for live accounts. FxPro requires a government-issued identity document, such as a passport or driving licence, and proof of residence, such as a utility bill or bank statement issued within the previous six months. A live selfie check may also be requested. Verification typically takes one business day, although the document and selfie steps can sometimes be completed in 10–20 minutes.
4. Initial funding
The minimum deposit is $100. FxPro does not charge a direct deposit fee, but a payment provider or bank may charge its own fee. Payment methods, processing times and availability vary by location.
5. Getting ready to trade
After verification and funding, clients can install or access their chosen platform and configure the relevant account. Automated trading tools are platform-specific: MT4 and MT5 use Expert Advisors, while cTrader supports cBots. A demo account is available for practice.
From Sign-Up to First Trade
- The minimum deposit for a live account is $100.
- Live-account verification requires government-issued ID and proof of residence; a selfie check may also be requested.
- Verification typically takes one business day, although document and selfie checks can sometimes take 10–20 minutes.
Depositing and Withdrawing Money
Deposits
FxPro's broker processing estimates differ by payment method. Card and e-wallet deposits are typically processed in about 10 minutes, local bank transfers can take one business day, and international wire transfers can take three to five business days. Settlement by the payment provider may take longer than broker processing.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | same business day | same business day | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | about 10 min | about 10 min | |
| $100 | 0 broker deposit fee, provider fees may apply | 3–5 business days | 3–5 business days |
Withdrawals
FxPro charges no broker withdrawal fee, although bank or payment-provider charges may apply. E-wallet withdrawals are usually processed within one working day; local or SEPA transfers can take up to two working days, while international wires can take three to five working days. Card payouts can take around 10 working days in some cases.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | SEPA/local up to 2 working days | SEPA/local up to 2 working days | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Around 10 working days in some cases | Around 10 working days in some cases | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Around 10 working days in some cases | Around 10 working days in some cases | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Around 10 working days in some cases | Around 10 working days in some cases | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Usually within 1 working day | Usually within 1 working day | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Usually within 1 working day | Usually within 1 working day | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Processed within 1 working day | Processed within 1 working day | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Usually within 1 working day | Usually within 1 working day | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | SEPA/local up to 2 working days | SEPA/local up to 2 working days | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Processed within 1 working day | Processed within 1 working day | |
| No mandatory broker minimum ($0) | No broker fee/commission, provider/bank fees may apply | Processed within 1 working day | Processed within 1 working day |
Depositing and Withdrawing Money
- FxPro charges no direct deposit or withdrawal fee, though provider or bank fees may apply.
- International wire deposits can take three to five business days; card and e-wallet deposits are typically processed in about 10 minutes.
- Card withdrawals can take around 10 working days in some cases, while e-wallet withdrawals are usually processed within one working day.
Customer Support
| Support Channel | Available | Hours | Languages / Important Notes |
|---|---|---|---|
| Live chat | Yes | 24/5 | English, Spanish, French, German, Portuguese, Russian, Arabic, Chinese, Japanese, Korean, Polish, Hungarian, Thai, Vietnamese, Indonesian, Malay, Swedish, Greek, Czech, Romanian, Turkish, Slovak, Dutch, Hebrew, Mongolian, Persian, Tajik and Uzbek. |
| WhatsApp, Telegram, Messenger | Yes | 24/5 | Support channels offered by FxPro. |
| Yes | 24/5 | [email protected] | |
| Phone | Yes | 24/5 | +44 (0) 20 7776 9720 |
Availability
FxPro offers support 24/5 through live chat, messaging services, email and phone. Support languages include English and several European, Asian and Middle Eastern languages.
How traders can get help
Clients can contact FxPro by live chat, WhatsApp, Telegram, Messenger, email or phone. The support email is [email protected], and the phone number is +44 (0) 20 7776 9720.
Support limitations
More difficult cases appear to be a weak point. Customer feedback includes recurring technical problems that take too long to resolve and difficulties with deposits or funding, while positive experiences have been too limited to offset these concerns.
Customer Support
- Support is available 24/5 through live chat, messaging services, email and phone.
- Support is offered in English and multiple other languages, including Spanish, French, German, Arabic and Chinese.
- Reported problem areas include technical cases that take too long to resolve and difficulties with deposits or funding.
What Protects Your Money?
FxPro operates across several regulated jurisdictions, but the regulator and protections that apply depend on the client's account and region. Eligible retail clients may qualify for FSCS protection in the UK or ICF protection in Cyprus; those schemes should not be treated as global coverage.
Legal entities and regulators
| Client Region | Regulator | License / Registration | Main Protection |
|---|---|---|---|
| United Kingdom | FCA | 509956 | Eligible retail clients may have FSCS protection up to £85,000. |
| European Union | CySEC | 078/07 | Eligible retail clients may have ICF protection up to €20,000. |
| South Africa | FSCA | 45052 | Regulatory oversight, segregated client funds and negative balance protection for retail clients. |
| Bahamas | SCB | SIA-F184 | Regulatory oversight, segregated client funds and negative balance protection for retail clients. |
Client money protections
FxPro segregates client funds from company operational funds. Retail clients receive negative balance protection, which prevents losses from exceeding their total deposits. Eligible retail clients under the UK and Cyprus entities may also have access to the relevant compensation scheme: FSCS protection up to £85,000 in the UK or ICF protection up to €20,000 in Cyprus.
Company transparency
FxPro was founded in 2006 and is privately held rather than publicly traded. Its financial records are audited by PwC.
Important distinction
Compensation schemes address eligible client claims in circumstances covered by their rules; they do not reimburse ordinary trading losses. Negative balance protection limits a retail client's trading loss to the funds deposited, while segregated accounts separate client money from company operational funds.
What Protects Your Money?
- FxPro segregates client funds from company operational funds.
- Retail clients receive negative balance protection.
- Eligible retail clients may qualify for FSCS protection up to £85,000 in the UK or ICF protection up to €20,000 in Cyprus.
The Biggest Catch With FxPro
What the headline claim suggests
FxPro's maximum leverage of 1:500 can make the broker appear to offer the same leverage to every client. It does not: the limit depends on the regulator, client status, account and instrument.
What happens in practice
UK and EU retail clients are capped at 1:30 for major currency pairs, while professional or offshore accounts can reach 1:500 for FX and gold on specific accounts. FxPro also uses dynamic leverage, which can reduce available leverage automatically when positions reach higher volumes. Cryptocurrency leverage is typically capped at 1:10.
Who should care most
Traders choosing an account primarily for high leverage should first establish which FxPro entity would hold the account and whether they qualify for the relevant client status. A headline maximum does not describe the leverage available on every instrument or to every client.
Practical example
A UK retail client trading a major currency pair faces a 1:30 leverage cap, not the 1:500 maximum available on specific accounts. The applicable limit can therefore change the margin required for a position substantially.
Who FxPro Is Really For
Consider FxPro if you...
- Want to choose among MT4, MT5, cTrader, TradingView and a proprietary mobile app.
- Use strategies such as scalping, hedging, news trading or automated trading that FxPro allows.
- Trade across forex and multiple leveraged markets and are comfortable checking account-specific pricing and jurisdiction-based leverage.
You may want to look elsewhere if you...
- Need a consistently reliable response on complex technical or funding issues, given the reported support difficulties.
- Want a no-minimum-deposit account; FxPro's minimum deposit is $100.
- Want to avoid inactivity or overnight charges without monitoring account activity and open positions.
The Bottom Line
FxPro's strongest proposition is its combination of five platform options, several CFD markets and support for copy and automated trading. Its main compromise is that leverage, pricing and protections depend on account and jurisdiction, while complex support cases have drawn recurring criticism. Intermediate and experienced traders who value platform flexibility and can check their applicable terms are most likely to accept that trade-off.
How We Reviewed FxPro
Our assessment considers FxPro's regulatory framework, account and fee terms, platform capabilities, tradable markets, funding conditions and client-money protections. Broker claims and regulatory identifiers are treated separately from customer-service feedback, which reflects reported experiences rather than a guarantee of every client's outcome. For more detail on how brokers are assessed, see our review methodology.
Contact Info
- Website:
- https://www.fxpro.com
- Email:
- [email protected]
- Phone:
- 44 (0) 20 7776 9720
- Company Address:
- 80 Coleman Street, City of London, EC2R 5BJ, United Kingdom
FAQ
Is FxPro regulated?
FxPro operates under regulators in the United Kingdom, European Union, Bahamas and South Africa. The regulator and applicable client protections depend on the account's jurisdiction.
What is the minimum deposit at FxPro?
The minimum deposit is $100. Payment methods and processing times vary, and a payment provider or bank may charge fees even though FxPro does not charge a direct deposit fee.
What does FxPro charge for trading?
FxPro uses floating spreads. Standard accounts are spread-only, while Raw+ and cTrader charge $3.50 per lot per side on forex and spot metals; overnight swaps and currency conversion fees may also apply.
Which FxPro account should I choose?
Standard uses spread-only pricing, while Raw+ combines raw spreads on selected FX pairs with commission. cTrader is a platform-specific account with raw market spreads and commission; Elite uses raw or zero-style pricing for higher-volume clients.
Which platforms does FxPro support?
FxPro supports MetaTrader 4, MetaTrader 5, cTrader, TradingView and its proprietary mobile app. MT4 and MT5 support Expert Advisors, and cTrader supports cBots.
What is the maximum leverage at FxPro?
Leverage reaches 1:500 for FX and gold on specific accounts, but it varies by regulator and client status. UK and EU retail clients are capped at 1:30 for major currency pairs, and leverage can be reduced dynamically as position size increases.
Does FxPro allow scalping and automated trading?
FxPro allows scalping and supports automation through MT4 and MT5 Expert Advisors and cTrader cBots. It also allows news trading, though volatile markets can produce slippage.
Does FxPro offer negative balance protection?
FxPro provides negative balance protection to retail clients, limiting their losses to their total deposits. Eligible UK and Cyprus retail clients may also qualify for FSCS protection up to £85,000 or ICF protection up to €20,000, respectively.