FxPro Review 2020

FxPro Rated 2/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
FxPro Review Screenshot

FxPro Guide - Read our In Depth FxPro Review

This FxPro review was written by industry experts with over 20 years of financial experience in Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.
The content in this FxPro review does not apply to US users.

What is FxPro?

FxPro are an a global online financial trading platform and multi asset broker founded in 2006

Over 14 years later FxPro has grown to offering retail investors Forex trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading.

FxPro are a global broker and have a head office in UK.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this FxPro review and assess how well the FxPro platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like FxPro can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of FxPro we breakdown the pros and cons. What FxPro are able to offer, what countries FxPro are available in. Who FxPro are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this FxPro review useful.

This review of the FxPro platform is very detailed. If you are interested in trading with FxPro in any capacity please take the time to read and research the whole FxPro review.

We have tried to explain the ins and outs of financial trading through the FxPro platform as plainly as possible so that you the trader are as informed as possible before you start to use the FxPro trading tools and depositing and withdrawing funds from FxPro.

Benefits of trading with FxPro

Open FxPro's Website

Your capital is at risk

FxPro are reputable enough to have a wikipedia page link. Wikipedia content is highly moderated for accuracy. It is very hard to get a Wikipedia page.
Open FxPro's Wikipedia page

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with FxPro like Forex trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading. you should have confidence in FxPro and know that the management of your financial investments on the FxPro platform is in good hands.

At the bottom of this FxPro review you can also learn about some pretty good alternatives to FxPro

With this FxPro review we hope to help you see if FxPro is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding FxPro that will help you get off to a good start in the world of online trading.

FxPro Review Table of Contents

FxPro review
FxPro is a Multi-Assets Trading Platform with over 250+ Assets

Learn more about FxPro. FxPro is a multi asset platform with 250+ tradable Assets. Assets available on FxPro include Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

FxPro trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies are considered financial assets.

FxPro review
Features of FxPro

FxPro review
What you should know

FxPro offer five ways to trade: Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

With FxPro you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with FxPro platform.

FxPro are able to accommodate various levels of traders whether you are experienced or a beginner.

FxPro review
Are FxPro safe?

When choosing a broker like FxPro the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2006, and in operation for 14 years FxPro have a head office in UK.

FxPro is regulated. This means FxPro are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FxPro, this will be honored. If FxPro violate any regulatory rules their regulated status could be stripped.

FxPro review
Is my money safe with FxPro?

Any payments funded to FxPro accounts by traders are held in a segregated bank account.

For added security FxPro use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should FxPro use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in FxPro deposited in a Tier 1 bank?

Having any money you deposit with FxPro means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if FxPro goes out of business for some reason.

Therefore, we can safely conclude that FxPro is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. FxPro also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding FxPro. let us look at the FxPro features in more detail.

Try creating two accounts when you are working with FxPro. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit FxPro

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How FxPro as a Company Compare Against Other Brokers

Broker FXPro eToro IC Markets XTB
Year Established 2006 2006 2007 2002
Head Office UK Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ FxPro users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit FxPro Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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.

FxPro review
FxPro Pros and Cons

What we like about FxPro

  • Used by over 10,000 FxPro users and traders
  • Established in 2006
  • Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
  • Min. deposit from $100

What we don't like about FxPro

FxPro review
FxPro Regulation and Licensing in more detail

We have checked and FxPro is regulated and supervised by reputable organisations. You are able to check every FxPro supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with FxPro. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect FxPro traders and provide a safe trading environment.

FxPro is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as FxPro you should be sure they're legitimate online agent.

FxPro review
Is FxPro Global?

Yes, FxPro is global as FxPro is available in over 192 countries.

FxPro is a global trading platform in the sense that it operates in 192 nations including nations in Europe, Asia, Oceania, and Africa. Major countries FxPro covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. As per its Wikipedia page, FxPro has a total of more than 10,000 users.

FxPro review
FxPro Awards

FxPro have won numerious industry awards over the 14 years they have been operating as a financial broker. We list the most notible awards and mentions for FxPro below.

  • Global Forex Awards Best European Value Broker 2019
  • Global Brands Magazine Best Spread Betting Provider UK 2018
  • Global Brands Magazine Best Execution Provider Global 2018
  • City of London Wealth Management Awards BEST FX SERVICE PROVIDER 2018 Winner
  • Online Personal Wealth Awards BEST FX PROVIDER 2019
  • Financial Times and Investors Chronicles awards Best Broker 2018
  • Online Personal Wealth Awards Best FX Provider 2019
  • UK Forex Awards Forex Provider of the Year 2015
  • Shares Awards Best FX Broker 2013 - 2018

FxPro review
FxPro Fees Explained

  • FxPro doesn't charge withdrawal fees
  • FxPro does charge a fee for inactive accounts.
  • FxPro doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How FxPro Fees Compare Against Other Brokers

Broker FXPro eToro IC Markets XTB
Min Deposit 100 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees Yes Yes No No
Deposit Fees No No Varies No
CFD Commission Fees charge commissions on cTrader only No Yes Yes

FxPro review
FxPro Minimum Deposit

FxPro require a minimum desposit of 100 GBP/USD when opening an FxPro trading account.

A minimum deposit is the minimum amount of money required by FxPro to open a new online brokerage account with them.

Dont be scared off by brokers like FxPro charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

FxPro review
FxPro Withdrawal Fees

FxPro doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

FxPro for example allow you to withdraw your funds to Credit cards, VISA, Maestro, MasterCard, American Express, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Neteller, UnionPay, Broker to Broker, Payoneer.

FxPro review
FxPro Inactivity Fees

FxPro does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

FxPro review
FxPro Desposit Fees

FxPro does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

FxPro review
FxPro Commission Fees

FxPro does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

FxPro review
What can you trade with FxPro?

Be aware that Different entities under FxPro Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with FxPro over 250 instruments infact.

If you are looking at trading currency pairs FxPro offer over 70 currency pairs.

Compare FxPro with eToro and IC Markets below.

Your capital is at risk

How FxPro Trading Options Compare Against Other Brokers

Broker FXPro eToro IC Markets XTB
Instruments Available 250 2000 232 4000
Platforms MT4, MT5, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 70 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 10 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 156 957 100 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit FxPro
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% 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.

FxPro review
Trading on FxPro web platforms and other applications

FxPro is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

FxPro is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

An FxPro IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

FxPro also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See FxPro's platforms

FxPro review
Is the FxPro Trading Platform Secure?

FxPro safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. FxPro also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating FxPro.

FxPro review
FxPro Trading Platform Options

Once you have logged into your FxPro account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • cTrader

Lets explore each of these trading platforms in detail and what options FxPro gives you.

FxPro review
FxPro MetaTrader 4 (MT4)

FxPro MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with FxPro. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with FxPro in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. FxPro MetaTrader 4 is compatible with the latest macOS Mojave. FxPro allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on FxPro

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade FxPro MetaTrader 4 on IOS Devices

You can download the FxPro app or also trade with FxPro through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade FxPro MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. FxPro provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android FxPro MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade FxPro MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

FxPro MetaTrader 4 Advanced Trading Tools

The FxPro advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. FxPro offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade FxPro MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

FxPro MetaTrader 4 & MetaTrader 5 AutoChartist

FxPro Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

FxPro review
FxPro MetaTrader 5 (MT5)

FxPro MetaTrader 5

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

IC Markets MetaTrader 5 Instruments

IC Markets MetaTrader 5 Charting

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade FxPro MetaTrader 5 WebTrader

Access your FxPro MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

FxPro review
FxPro MT5 Buying and Selling

IC Markets MetaTrader 5 Buying and Selling

FxPro MetaTrader 5 on IOS Devices

FxPro MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. FxPro MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

FxPro MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to FxPro trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

FxPro Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

  • Financial instrument quotes
  • View in depth price charts of financial instruments
  • Manage trades and open positions
  • View your trading history
  • View market news
  • MetaTrader internal messaging
  • View and research market statics of FxPro financial instruments
  • Position opening and closing
  • Lookup symbols in the quotes section
  • Display of deals on graphs
  • Timeframe selection for graphs and charts
  • Additional vertical scaling of graphs
  • Capability to transfer accounts to other devices using QR codes
  • Information is available only if it's supplied by FxPro
  • Access the OTP generator through FaceID or fingerprint

FxPro MetaTrader 5 Advanced Trading Tools

FxPro MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

  • Depth of market bids and asks
  • Price Data
  • Margin Calculation, Futures, Forex
  • Advanced Techincal Analysis
  • One click trading
  • Spreads
  • Futures
  • Trading Reports

FxPro review
FxPro cTrader

FxPro cTrader

CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable.

The cTrader Premium Charting and Manual Trading Platform available on FxPro

cTrader is a top multi-asset Forex and CFD trading platform. cTrader offers advanced order types, charting tools, amount II pricing, and quick entry and execution. Using a amazing looking layout and dashboard, it is linked to state of the art infrastructure, that can be accessed from many devices.

IC Markets cTrader

cTrader Copy available on FxPro

CTrader Copy empowers everyone on the platform to share their investment strategy and to share their trading strategy for a fee or commission. Other dealers can search and replicate the approaches available, and revel in a commitment-free investing. Furthermore, traders can use their own risk management configurations.

IC Markets cTrader Copy Trading

cTrader Automate available on FxPro

CTrader Automate provides traders the ability to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the IDE, the IDE allows developers optimize and test their financial robots.

cTrader Open API available on FxPro

Build your own software using cTraders Open API. It is a free, secure and publicly available API for all. Developers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software. The open API allows developers to interact and interface with any cTrader account.

You can learn more about the cTrader Platform Here.

FxPro Trading benefits :

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection

FxPro Trading Accounts Offered :

  • Demo account
  • Mini account
  • Islamic account

Can I try FxPro before I buy?

FxPro offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

FxPro withdrawal and funding methods.

Please note that the list of FxPro payment methods below depend on the FxPro Entity and the Clients Country of Residence.

FxPro offer the below funding payment methods. learn more about FxPro

FxPro Payment Methods

  • FxPro accepts Credit cards
  • FxPro accepts VISA
  • FxPro accepts Maestro
  • FxPro accepts MasterCard
  • FxPro accepts American Express
  • FxPro accepts Debit cards
  • FxPro accepts Bank Transfer
  • FxPro accepts Electronic wallets (eWallets)
  • FxPro accepts PayPal
  • FxPro accepts Skrill
  • FxPro accepts Neteller
  • FxPro accepts UnionPay
  • FxPro accepts Broker to Broker
  • FxPro accepts Payoneer
Broker FXPro eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with FxPro?

When opening a trading account with FxPro, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FxPro trading platforms here.

Your capital is at risk

Performing trades with FxPro

With FxPro, the minimum and maximum trade requirements vary depending on the trader and the instrument.

As a market maker, FxPro may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

FxPro are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

FxPro also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by FxPro here.

FxPro Leverage and FxPro CFDs Explained

let's take a look at some of the basics of using FxPro leverage.

FxPro offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

FxPro leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the FxPro trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The FxPro leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

FxPro CFDs are typically used for short to medium term trades. For example FxPro intraday trading.

Limiting Your Risk When Trading with FxPro Negative Balance Protection

We should say something about negative balance protection with FxPro. When trading using leverage an adverse move could result in losing more than your trading account balance at FxPro. Your FxPro account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with FxPro Stop Loss, FxPro Stop Limit Orders

A stop-loss order is an order placed with a broker like FxPro to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at FxPro

To trade effectively with FxPro, it's important to get a have a good understanding of the FxPro trading tools and the markets.

FxPro offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with FxPro.

Take time to look around the FxPro platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at FxPro

FxPro support a wide range of languages including Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese

FxPro have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

FxPro customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at FxPro

We tested the FxPro live chat and it works well. We sent messages to FxPro livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with FxPro support in multiple languages in multiple countries. FxPro where able to quickly resolve our customer issues.

Email Support at FxPro

We sent several emails to FxPro and answer times overall were excellent. The fastest response from FxPro was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with FxPro, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from FxPro.

Phone Support at FxPro

We called FxPro and the call was answered very quickly. The call was answered in less than 1 minutes.

The FxPro phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual FxPro team by calling in varying languages. FxPro made an effort to make sure our queries were answered.

Overall great phone support from FxPro.

See how FxPro Support Compares Against Other Brokers

Broker FXPro eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, and Vietnamese English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit FxPro Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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.

What you will need to open an account with FxPro

As FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under FxPro Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore FxPro's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with FxPro you can visit the FxPro trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fxpro.co.uk/ on December 02, 2020.

FxPro review
Watch this FxPro Explainer Video

FxPro review
Is FxPro A Good Broker?

We spent over 3 months examining FxPro in depth. Although we found some very useful aspects of the FxPro platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative FxPro broker.

  • FxPro have a good track record of offering Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.
  • FxPro has a history of over 14 years.
  • FxPro has a reasonable sized customer support of at least 10.
  • FxPro are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB). This means FxPro fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • FxPro have regulation from a Tier 1 reputable country.
  • FxPro has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • FxPro have an international presence in multiple countries. This includes local FxPro seminars and training.
  • FxPro are able to hire people from various locations in the world who can better communicate in your local language.

FxPro Risk Disclaimer

Your capital is at risk

FxPro review
FxPro not quite right?

If after reading this FxPro review, FxPro does not fulfill your needs check out these FxPro Alternatives.

Click here to view the best FxPro Alternatives

We have spent years researching the best alternatives to FxPro. Click the links below to learn more.

If you feel some of the above FxPro are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of FxPro alternatives below.

FxPro review
Related FxPro Vs Comparisons

We have covered allot in this FxPro review, If you want to see how FxPro compares side by side with other brokers check out our FxPro Vs pages.

If you would like to see how FxPro stands up against other brokers you can read some of our FxPro comparisons below. We compare side by side some of our top rated FxPro versus comparisons. Read our indepth FxPro VS pages below.

FxPro review
FXPRO Frequently Asked Questions

Can I try FxPro before I buy?

FxPro offer a demo account so you can try the FxPro platform before you put down a payment. Learn more here

What funding methods do FxPro accept?

Please note that the list of payment methods below depend on the FxPro Entity and the Clients Country of Residence.

FxPro offer the following funding payment methods Credit cards, VISA, Maestro, MasterCard, American Express, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Neteller, UnionPay, Broker to Broker, Payoneer, among other payment methods.
Learn more here

Your capital is at risk

Is FxPro safe?

FxPro are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB). Any payments funded to FxPro accounts by traders are held in a segregated bank account. For added security FxPro use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is FxPro trading good?

FxPro is considered good and reputable to trade with FxPro. FxPro is used by over 10000 active traders and FxPro users. FxPro offers Forex trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading. Minimum deposit with FxPro is 100.

Is FxPro trading Legit?

FxPro was founded in UK in 2006. FxPro has been facilitating trade on the financial markets for over 14 years. FxPro offers clients Forex trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading. All funds deposited to FxPro are held in segregated tier 1 bank accounts for security. FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) so can be considered legit.

Is FxPro a good broker?

FxPro is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) so can be considered a good broker. FxPro allows Forex trading, Share Dealing trading, Spot Indices trading, Futures trading, and Spot Metals and Spot Energies trading.

Is FxPro trustworthy broker?

FxPro can be considered trustworthy. All money funded to FxPro is placed into a segregated tier 1 bank account. this means your money in not held by FxPro directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB).

What is the minimum deposit for FxPro?

The minimum deposit to trade with FxPro is 100.

How long do FxPro withdrawals take?

Withdrawing money from FxPro processing time varies but averages 2-5 days.

Is FxPro regulated?

FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB).

Is FxPro a market maker?

FxPro is a market maker. Stocks, currency and other commodities and instruments will be purchased by FxPro even if no buyer is lined up.

How can I start trading with FxPro?

When opening a trading account with FxPro, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on FxPro trading platforms here.

Is my money safe with FxPro?

FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB). One of the most important criteria for traders when choosing a broker like FxPro is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to FxPro, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is FxPro a con?

FxPro is regulated and well established having been in business for over 14 years. FxPro is definitely not a con.

Can you make money with FxPro?

Although traders have had great success with FxPro. Trading on the financial markets with FxPro is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does FxPro have fees?

FxPro doesn't charge withdrawal fees. FxPro does charge a fee for inactive accounts. FxPro doesn't charge deposit fees.

When was FxPro founded?

FxPro was founded in 2006.

How many people use FxPro?

FxPro is used by over 10000 registered FxPro users.

What is FxPro Headquarters country?

FxPro has its head quarters office in UK.

Does FxPro offer negative balance protection?

FxPro offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does FxPro offer guaranteed stop loss?

FxPro does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does FxPro allow scalping?

FxPro offers scalping.

Does FxPro allow hedging?

FxPro offers hedging.

Does FxPro offer CFD trading?

FxPro offers CFD trading.

Does FxPro offer STP?

FxPro does not offer STP trading.

How many people use FxPro?

FxPro is used by over 10000 FxPro users and traders.

Is FxPro an ECN broker?

FxPro does not offer ECN trading.

Does FxPro offer a demo account?

FxPro offers a demo account.

Does FxPro offer an Islamic account?

FxPro offers a Islamic accounts.

What are the funding methods for FxPro?

FxPro accept the following funding methods : Credit cards, VISA, Maestro, MasterCard, American Express, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Neteller, UnionPay, Broker to Broker, Payoneer.

FxPro review written by Andrew Blumer and Mark Hansen

We hope you found our review of the FxPro brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

FxPro review written by Mark Hansen of Comparebrokers.co