FxPro Review


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  • FCA

  • CySEC

  • FSB


  • MT4

  • MT5

  • FxPro Markets

Min Deposit






Zero Commissions

Traders want to deal with brokers who are transparent, offer a pleasurable trading experience and who can fulfill withdrawal requests quickly. They also want brokers who have a customer service desk that can relate with them as humans and not just another client statistic.

FxPro justifies its ratings by doing a good job in all these areas. FxPro has been around since 2006 starting its operations in Cyprus. Now they are globally acknowledged, with headquarters in the UK. Their leverage goes up to 200:1, which is on the lower scale for brokers, but many traders would consider this more than enough. Customer support is available in 19 different languages.

FxPro Introduction

FxPro is the financial market brand of FxPro Group Ltd, which commenced business of forex brokerage as a Cypriot Investment Firm (CIF). The company came into existence in 2006 when it bought over the forex brand known as NorthFinance. Both the old NorthFinance brand and the FxPro were originally based in Cyprus. Over the years however, the FxPro brand has spread to various forex hubs in an attempt to bring the product closer to its clients. FxPro now has the following divisions:

  • FxPro UK Limited is the headquarters of the company. It serves the UK and most parts of the world. It is authorized and regulated by the Financial Conduct Authority with registration no. 509956.
  • For the Middle East, we have FxPro Global Markets MENA Limited. This company is licensed and regulated by the Dubai Financial Services Authority, with reference no. F003333.
  • The Cyprus operational headquarters of the company is known as FxPro Financial Services Limited. This is where the European market is served from. It is licensed by the Cyprus Securities and Exchange Commission, with licence no. 078/07. This is also the brand name for the South African branch of the company, where Financial Services Board ('FSB') provides licensing and authorization to the company (FSB no. 45052).
  • FxPro Global Markets Ltd is also licensed and regulated by the SCB (license no. SIA-F184).

FxPro offers FX brokerage services in multiple languages: English, French, Russian, Mandarin, Magyar, Italian, German, Polish, Czech, Indonesian, Spanish, Korean, Punjabi, Vietnamese, Arabic and Portuguese.

FxPro was awarded the prize of the Best FX broker 2017 during the Shares Awards in the United Kingdom. Part of the reason for the award is the ease of use of the various trading software provided by the company.

FxPro Products

FxPro has expanded its product offering over the years outside of FX. Other products offered by FxPro for trading include:

  • CFDs on stocks, indices and commodities.
  • Futures, indices, metals, energy assets.

These assets are offered all from a single platform. Altogether, FxPro offers its traders 20 indices, 12 agricultural commodity futures, 3 energy futures, 6 metal trading contracts and close to 200 shares pooled from the US, UK and European. Commodities, metals and indices can be traded on spot or futures bases.

FxPro Trading Conditions

What trading conditions can traders on FxPro expect to face? The following are the trading conditions which have been experienced by the writer of this article in the 10 years that he has traded on FxPro.

  • Execution Speed. The average execution speed on FxPro is about 30ms. Slippage is not common, but has occurred occasionally. Indeed, FxPro has very low incidence of slippage, which is a plus for this retail broker.
  • Leverage: Traders can access leverage of up to 1:200.
  • Spreads: Spreads are tight and fixed, reducing the cost of trading.
  • Bonuses: FxPro does not issue bonuses, which is in keeping with the new ban on the issuance of bonuses by CySEC and the FCA.

Traders can expect to experience a situation where initial spikes on currencies occur as the news is being released, making it practically impossible to trade the initial spike during news trades.

FxPro Account Types

FxPro does not provide for differentiation of account types as a matter of policy. Everyone is issued accounts with the same trading conditions. However, the trade order sizes have been adjusted to accommodate the micro-lot positions and the Large lot traders.

FxPro Commissions & Fees

What are the commissions and fees tied to FxPro’s trading product?

  • FxPro offers a very competitive spread structure, and spreads are fixed. For instance, spreads on the EURUSD are as low as 1.1pips. FxPro also implements the 5-digit pricing system where the last digit is a tenth of the 4th digit. 
  • Traders can expect massive widening of spreads on news that carry very heavy market impact (e.g. Non-Farm Payrolls, UK Inflation Letter, etc). 
  • ECN-style trading exists on FxPro, and can be practiced on the cTrader platform.
  • Commissions are charged in addition to spreads on certain assets e.g. energy futures.

FxPro Platforms and Tools

FxPro offers several trading platforms that can be used on desktops, laptops, mobile devices and on the web. These platforms are as follows:

  • FxPro Webtrader
  • MT4/MT5 platforms (desktop and mobile).
  • cTrader platform (web and desktop)
  • cAlgo (algorithmic coding platform for cTrader)
  • FxPro Multiterminal (for account managers)
  • Quant Strategy Builder

The MetaTrader and the cTrader platforms possess the most advanced indicator and charting packages of any retail trading platform. The MT4 offers 30 native indicators and the opportunity to add numerous custom indicators. It also features 9 time frames. The cTrader features more native indicators and some extra time frames not found on the MT4/MT5.

The platforms are user-friendly; beginners will not find it hard to start using the MT4/MT5 as they have an interface that is easy to navigate. Connectivity to the MQL Community is also provided. Users can access indicators, scripts, EAs and other resources from the MQL Community directly from the MT4.

The cTrader is a bit more complex, and suits advanced traders better. All platforms are offered in 39 languages. Language selection is done clicking View -> Languages on the navigation bar.

Is FxPro Mobile Friendly?

FxPro is a mobile friendly brand. The brand website, mobile platforms and webtrader are all mobile friendly. Trading clients can execute trade using their phones. FxPro offers the MetaTrader4 and MetaTrader 5 mobile apps. FxPro does not offer a proprietary trading platform. You can also use the webtrader as a URL on mobile devices.

Charts on the mobile apps are lighter and configured for mobile use. It is difficult to use technical indicators and other tools on the mobile apps, and functionality is reduced.

FxPro Promotions

No broker promotions are available on FxPro.

FxPro Deposits & Withdrawals

How do traders on FxPro deposit funds and withdraw same from their accounts? Traders can transact using the following means:

  • Credit/debit cards
  • Bank wires
  • PayPal
  • Skrill
  • Neteller
  • China UnionPay
  • FasaPay (Indonesia only)

Minimum deposit is $100 for card deposits and $500 for wire transfers. No deposit fees are charged.

Withdrawals performed with credit/debit cards and digital payment methods are processed from the platform to the wallets in the trader’s area same day, and are credited to the trader’s chosen receiving channel in 2 days. Bank wires are handled within 2-7 days. FxPro handles all withdrawals promptly.

FxPro Customer Support

Customer support is available 24/5 on the following channels:

  • Live chat: easily accessible on the home page.
  • Email: [email protected]
  • Phone: 08000 463 050 (toll free). Reception: +44 (0) 20 7776 9720 (7.30 am to 4.30 pm GMT)

Support is available in 19 languages and is usually very responsive and helpful.

FxPro Research and Education

A lot of content is provided for education and research. Traders get access to ebooks, articles, webinars, market research and actionable analyses sent as email newsletters. This is accessible even to non-account holders. Any beginner in forex wishing to get a good head start in forex should use the educational suite provided by FxPro.

FxPro Noteworthy Points

FxPro offers a Quant Strategy Builder and a forex VPS for live account holders. Traders with a live account also get free access to the Autochartist plug-in. FxPro sponsors Watford FC, a team in the UK’s elite Premier Football League.

A lot of investment goes into brand exposure and affiliate partnerships.

Conclusion for FxPro

FxPro is a perfect fit for beginners, intermediate and advanced traders. FxPro is regulated and offers a transparent service. This makes them a safe broker to trade with. There are hardly any negative reports about them and from the writer’s experience, FxPro is a good retail broker to work with.

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