FxPro is a globally recognized Forex broker that provides traders with access to six asset classes covering a wide selection of trading instruments. 

FxPro was first founded in the UK in 2006 and today has main offices in the UK, Cyprus, and the Bahamas, with their own regulations. FxPro has over 200 employees across these global offices.

Overall Rating

4.7/5

Rated #202 of
Recommended FX Brokers

Minimum Deposit

USD 100

Regulators

CySEC

📱 Trading Desk

–

₿ Crypto

Yes

📈 Total Pairs

–

Islamic Account

No

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FxPro

Open a Trading Account

Is FxPro Regulated?

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

According to the broker’s website, FxPro is under regulation for a cross-border license, authorizing the provision of investment and ancillary services. The broker is governed by the EU and local regulations such as the European Markets in Financial Instruments Directive (MiFID II).

FxPro’s regulations guarantee the highest standards of safety for clients’ funds, ensuring that they are kept in major international banks and are fully segregated from the company’s own funds. 

Is FxPro Regulated in the United States?

No, FxPro is not regulated in Virginia or any other US state. 

Is FxPro Regulated in Europe?

Yes. FxPro has been regulated in Europe since 2007 by the Cypress Securities and Exchange Commission (CySEC). In Europe, FxPro offers cross-border investment services as a regulated Forex broker Europe. 

Is FxPro regulated in a Tier-1 Jurisdiction?

According to the FxPro website, FxPro is regulated under Tier-1 jurisdiction. 

Tier-1 jurisdiction gives FxPro license to operate in specific countries, which consist of Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is FxPro regulated in Tier-2 Jurisdiction?

According to the official FxPro sources, FxPro is regulated under Tier-2 jurisdiction. Tier-2 jurisdiction gives FxPro license to operate in the following countries: British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in FxPro?

FxPro offers traders the highly popular MetaTrader suite, consisting of MetaTrader 4 and 5, as well as cTrader, which is perfect for algorithmic traders. 

1. MetaTrader 4 is an established industry standard that is popular for its feature-rich trading tools such as charting features, order placements, and position management tools. These are complemented by competitive pricing and superior order execution. 
2. MetaTrader 5 is the updated version of MetaTrader 4 that includes additional features and an enhanced trading environment for the use of Expert Advisors. 
3. Some of the additional features of MetaTrader 5 include 44 analytical charting tools, 21-time frames, detachable charts, trailing stops, and one-click trading. 
4. cTrader, first developed by Spotware, provides an innovative trading experience that includes cTID (cTrader ID) login functionality for linked accounts, 55 technical indicators, additional pending order types, and Advanced Order Protection. 

Does FxPro Have a News Blog for Forex News?

Yes. FxPro has a free news blog available on its official website. FXPro's official blog consists of updated fundamental analysis and global financial news that will allow users to analyze important market events which may impact their trades. 

Does FxPro Have a Traders Dashboard?

Yes, the Traders Dashboard from FxPro Financial Services Limited gives traders an overview of current market events and updates on the latest news from the currency markets.

Does FxPro Have an Educational Section?

Yes, FxPro has an education system for Forex Traders. To join the education system, users do not need to be a member of FxPro, as this educational content is offered free of charge directly from the FxPro’s website. 

What is the content of FXPro Forex Education?

There are a total of 21 lectures in the FxPro educational series, which are divided into various categories. These categories consist of Basics, Fundamental Analysis, Technical Analysis, and Psychology.

The Basics category consists of 9 lectures that cover the following topics: 

1. “How to trade on the FX Markets”
2. “Chart types”
3. “Price changing. Pips and Points”
4. “Lots and Leverage”
5. “What is the margin?”
6. “What is the financial market?” 
7. “What is a CFD?”
8. “How to start CFD trading?”
9. “Trading sessions”

The Fundamental Analysis category consists of 4 lectures that cover the following topics:

1. “What is fundamental analysis?”
2. “Leading and lagging economic indicators”
3. “Major economic indicators. Part 1.”
4. Major economic indicators. Part 2.”

The Technical Analysis category consists of 5 lectures the cover the following topics:

1. “What is technical analysis?”
2. “Trend lines”
3. “Support and resistance levels”
4. “What are channels and how to put them on”
5. “Major patterns”

Finally, the Psychology category consists of 4 lectures that cover the following topics:

1. “Escalation of Commitment and the Sunk Cost Fallacy”
2. “Blindfolded on a Mountain Range”
3. “Novice traders mistakes”
4. “Trading: from competency to skill”

This represents an excellent and comprehensive educational offering. All novice traders should join, as well as intermediary traders, who will benefit from the Psychology category lectures and the Fundamental and Technical Analysis categories. 

Is FxPro Legit?

Yes, FxPro is a legit Forex Broker and Trade Platform. FxPro has CySEC, FCA, FSCA, and SCB legal certificates to perform Forex Broker and trading services.

Is FxPro Safe?

FxPro is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in several global jurisdictions, as described below:

• The FCA regulates FxPro in the United Kingdom
• CySEC regulates FxPro in the cross-border European Economic Area
• The FSCA regulates the broker in South Africa
• The SCB regulates FxPro in The Bahamas

FxPro stores all its client funds in segregated accounts with top-tier banks. This means that client deposits cannot be used by FxPro for any business purposes. 

Overall Rating

4.7/5

Rated #202 of
Recommended FX Brokers

Minimum Deposit

USD 100

Regulators

CySEC

📱 Trading Desk

–

₿ Crypto

Yes

📈 Total Pairs

–

Islamic Account

No

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FxPro

Open a Trading Account

Is FxPro a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, security, online support, and cryptocurrencies, FxPro is a good broker. 

In terms of trading speed, almost all trades are filled in under 10 milliseconds, with up to 2,000 trades executed per second.

In terms of security, FxPro uses the highest levels of data encryption levels on its forex trading website. FxPro offers a 2-step verification option and uses a Data Verification Officer to monitor GDPR compliance. FxPro is regularly audited by external parties against all the controls which it has in place. 

In terms of online support, FxPro offers a live chat option that provides direct access to a customer support team member for the prompt and efficient response to all client queries. 

In terms of cryptocurrencies, clients can trade cryptocurrencies as CFDs across a wide selection of currency options. These include Bitcoin, Etherium, Litecoin, BitcoinCash & Ripple.

What is the Offering of Investment in FxPro?

Offerings of FXPro can be found below.

Does FxPro have Nasdaq?

Yes, FxPro offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. This consists of the traded shares of the largest 100 companies by market capitalization on the Nasdaq exchange. 

What are the Awards of FxPro?

Forex Trading Platform FxPro’s awards are listed below.

1. Most Trusted Forex Brand, UK – Global Brands Magazine
2. Best Forex Trading Platform – Investors Chronicle and Financial Times
3. Best Forex Trading Tool – SQFX
4. Best Automated Platform – International Finance Magazine Award
5. Best Trading Platform – Forex Awards

How to Use FxPro for Forex trading?

To use FxPro, a forex trader should have the necessities below:

1. A copy of their identification documents
2. They should be 18 years or older
3. They should be able to afford the minimum deposit of $100

If a Forex Trader has the conditions above, they can open a forex trading account to use FxPro. 

How to open a Forex trader account with FxPro?

To open a Forex Trading Account with FxPro, a trader should follow the steps below.

1. Click the ‘Register’ button on the webpage and open your New FxPro Direct account. Fill out the form with your name, country of residence, and email. Set the password.
2. Specify your nationality, date of birth, and mobile number.
3. Then, your residential address is required.
4. To act in your best interest, the broker asks you to specify your occupation and education level.
5. To understand your needs better, the broker should know more about your financial status and investment plans.
6. Your trading experience also matters to the broker. Please answer carefully, as your responses will determine your suitability to trade CFD with FxPro.
7. The next key step is a small test for financial market knowledge.
8. Now, put the default trading account settings. Later, you can open additional real and demo accounts with other preferences at any time.
9. Right after that, you may undergo identity verification by uploading the digital copies of the documents required.

What are the Forex Trader Account Types with FxPro?

Forex Trading Platform and Financial Asset Management Institution FxPro has 8 different account types. Every Forex trading account type has different features and conditions with FxPro. 

FxPro Account Types are listed below. 

1. Demo Account

2. MT4 Account

3. MT5 Account

4. cTrader Account

5. VIP Account

6. Joint Account

7. Islamic Account

• Demo Account

The free Demo account that the company offers is ideal for those who want to practice trading in a risk-free environment before opening a Live account. It offers a simulated trading environment to trade with virtual funds, with no actual gains or losses.

• MT4 Account

The MT4 Account from FxPro will give access to the industry-leading MetaTrader 4 platform. Account users have access to the full asset selection, tiered liquidity, and no market requotes, amongst other features which are described below. 

• Initial deposit: $100
• Currencies: AUD, CHF, EUR, GBP, JPY, PLN, USD, and ZAR
• Market Instruments: Forex, spot indices, spot energies, spot metals, futures, and shares
• Stop/limit levels: Minimum 1 pip away from current/entry price (major pairs except for EUR/CHF, GBP/CHF, EUR/JPY, GBP/JPY)
• Instant order execution
• Market order execution: tiered liquidity, orders executed at the volume-weighted average price (VWAP)
• Stop out: FxPro GM: 20% / FxPro CY: 50% / FxPro UK: 50%
• Dealing: Instant – No Dealing Desk Intervention / Market – No Dealing Desk Intervention
• Algorithmic Trading with EAs supported
• Available on the web and mobile app
• No market requotes
• Instant requotes: May occur during times of high volatility
• Free Demo account available
• Micro accounts available
• Fixed spread available
• VIP services

• MT5 Account

The MT5 account provides traders with access to the MetaTrader 5 platform, which is the updated version of MetaTrader 4. MT5 offers market executions, No Dealing Desk use, and access to full the asset range, amongst the other features described below. 

• Initial deposit: $100
• Currencies: AUD, CHF, EUR, GBP, JPY, PLN, USD, and ZAR
• Market Instruments: Forex, spot indices, spot energies, spot metals, and futures
• Stop/limit levels: Minimum 1 pip away from current/entry price (major pairs except for EURCHF, GBP/CHF, EUR/JPY, GBP/JPY)
• Order Execution: Market execution – tiered liquidity, orders executed at the volume-weighted average price (VWAP)
• Stop out: FxPro GM: 30% / FxPro CY: 50% / FxPro UK: 50%
• No Dealing Desk Intervention
• Algorithmic Trading with EAs supported
• Available on the web and mobile app
• No requotes
• Free Demo account available
• Micro accounts available
• Fixed spread not available
• VIP services

• cTrader Account

The cTrader Account provides access to the cTrader platform, which is growing rapidly in popularity for its innovative features that include an added level of market analysis and access to full market depth on a completely customizable interface. 

This advanced trading software is particularly enhanced alongside FxPro’s cTrader Account conditions, which are listed below. 

• Initial deposit: $100
• Currencies: AUD, CHF, EUR, GBP, JPY, PLN, USD, and ZAR
• Market Instruments: Forex, spot indices, spot energies, and spot metals
• Stop/limit levels: No minimum
• Order Execution: Market execution – tiered liquidity, orders executed at the volume-weighted average price (VWAP)
• Stop out: FxPro GM: 30% / FxPro CY: 50% / FxPro UK: 50%
• No Dealing Desk Intervention
• Algorithmic Trading
• Available on the web and mobile app
• No requotes
• Free Demo account available
• Micro accounts available
• Fixed spread not available
• VIP services

• FxPro VIP Account

• Up to 30% discount on market spreads
• Available on the direct Market execution accounts
• Access to VPS with no restrictions
• Virtual Private Server enables to run trading Expert advisors remotely, 24/5
• Up to 30% lower commission on cTrader accounts

• Joint Account

To open a joint account, each person must first open an individual FxPro account and then fill a Joint Account Request Form which can be obtained by contacting the Back Office Department at [email protected].

Please note that joint accounts are only available to married couples or first-degree relatives.

• Islamic Account

FxPro offers swap-free accounts for religious purposes. However, fees may be applied once trades on certain instruments are open for a specific number of days. 

To apply for a swap-free account, please send an email request to the Back Office Department at [email protected]. For further details on FxPro swap-free accounts, please contact Customer Support.

Overall Rating

4.7/5

Rated #202 of
Recommended FX Brokers

Minimum Deposit

USD 100

Regulators

CySEC

📱 Trading Desk

–

₿ Crypto

Yes

📈 Total Pairs

–

Islamic Account

No

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FxPro

Open a Trading Account

How to Withdraw Money from FxPro?

To withdraw money from FxPro, the following should be done:

• Log in to your FxPro Direct and select ‘Withdraw’ or ‘Wallet'.
• Please note that for the withdrawal to be successful, you should transfer your funds to your FxPro Wallet.
• Kindly note that you must follow our withdrawal policy which instructs that clients must withdraw via the same method used to deposit unless that method has been fully refunded or refund limits have expired. 
• In this case, you may use a bank wire method, or an e-wallet previously used to fund (as long as it can accept payments) to withdraw profits.

How many days do deposits take with FxPro?

Deposits with FxPro take one working day for all the available deposit methods for Forex Traders. 

What are the costs and fees with FxPro?

There are three types of costs with FxPro. Commission costs are for cTrader Account users, spread costs are for all account users, and swap costs are for users that do not hold a swap-free account. 

A Forex Trading Cost is one that will apply to the trader for using the FxPro brokerage services and can be charged in different ways. Spreads are the difference between the bid and the asking price and are represented in pips. 

Commissions are charged on round trades and will not apply to all accounts. Swap fees are interest charged on positions held overnight. 

The Forex Trading Fees with FxPro are below. 

FxPro MT4 Account Fees:

1. Forex and metals: Spread mark-up
2. Futures: No commission
3. Shares: No commission
4. Indices: No commission
5. Cryptocurrencies: No commission
6. Variable spreads (EUR/USD): Instant execution: 1.71 / Market execution: Avg. 1.58

FxPro MT5 Account Fees:

1. Forex and metals: Spread mark-up
2. Futures: No commission
3. Indices: No commission
4. Cryptocurrencies: No commission
5. Variable spreads (EUR/USD): Market execution: Avg. 1.51

FxPro cTrader Account Fees:

1. Available on the cTrader platform
2. Forex and metals: $45 per $1 million traded (upon opening and closing a position)
3. Indices: No commission
4. Cryptocurrencies: No commission
5. Variable spreads (EUR/USD): Market execution: Avg. 0.37

What are the Trading Fees with FxPro?

FxPro does not appear to charge deposit fees or withdrawal fees. The broker does charge swap fees, which is interest accrued on positions held overnight. 

Traders of the Muslim faith can apply for a swap-free account which will allow them to avoid these fees, as interest is strictly prohibited by Sharia law. 

What is the minimum deposit in FxPro?

The recommended minimum initial amount is 1000 USD. However, you may fund as little as 100 USD each time for any account at FxPro. 

What are the contract specifications in FxPro?

Does FxPro have promotional offers?

No, FxPro does not provide promotional offers or bonuses to its new or existing clients. This is primarily due to the fact that the broker is regulated by the FCA and CySEC, both of which restrict the offering of broker bonuses.

Does FxPro have a welcome bonus?

No, FxPro does not offer a welcome bonus.

FxPro is one of only a few global STP brokers. This means that traders will have direct market access, as FxPro does not act as a market maker.

Does FxPro have a deposit bonus?

No, FxPro does not offer a welcome bonus.  This is due to the fact that FxPro’s regulators restrict the broker from offering a deposit bonus. 

Is there a commission-free trade bonus in FxPro?

No, FxPro does not offer a commission-free trade bonus. The broker does however offer low trading fees and competitive commissions and spreads.  

Is there a VIP bonus in FxPro?

No, FxPro does not offer a VIP bonus. VIP clients will benefit from an enhanced trading environment and more feature-rich access. 

Can you start trading with no money at FxPro?

No, you cannot start trading with no money at FxPro. This is because FxPro does not offer a any deposit bonus, therefore traders will need to deposit their own funds when opening a Trader Account.

How does leverage work with FxPro?

Leverage is essentially funds that are borrowed from the broker that allows a trader to increase their trading position. This allows them to open larger positions. While leverage can amplify potential profits, it can also increase losses. 

Traders can use leverage with FxPro by logging into FxPro Direct, going to ‘My Accounts’, clicking on the pencil icon, and selecting ‘Change Leverage’ from the drop-down menu. 

Where are the headquarters of FxPro?

FxPro is headquartered in London, the United Kingdom. FxPro also has main offices in Cyprus and the Bahamas. 

Who is FxPro’s CEO?

The CEO of FxPro is Charalambos Psimolophitis. He was born in 1968 and holds a qualification from King’s Cross College. 

What are the social media accounts of FxPro?

Traders can follow FxPro on the following social media accounts:

• Twitter
• Facebook
• Instagram
• YouTube

How many employees do work for FxPro?

FxPro has over 170 employees.

What are the opinions about FxPro?

FxPro has an excellent standing in the industry and amongst trader reviews. Positive feedback cites the broker’s advanced trading platforms, competitive trading conditions, and excellent customer support. 

What are FxPro Contests?

FxPro does not run any contests.

FXPro does not run any kind of Forex Trading Contests. Forex Contests can be performed for brokers who offer them to traders to profit on contest winnings. 

FXPro didn't perform any Forex Contest in the past. For future forex exchange contests and competitions, FXPro didn't perform any official announcements yet.

Does FxPro have online support?

Yes, FxPro has an online support team for Forex trade account users. The online support team can be contacted by clicking on the chat button on FxPro's official website. 

Does FxPro offer demo accounts for Forex trading?

Yes, FxPro offers a free demo account for all new traders. The demo account can be opened with the following steps:

1. Navigate to the demo account registration portal on the broker’s website
2. Complete the registration form with the relevant information, such as your full name, email address, and contact details
3. A confirmation email will be sent to your inbox. Confirm the link in the email to open your demo account. 

Does FxPro have a mobile app for Forex trading?

Yes, FxPro offers the Direct App for Android and iOS. 

The FxPro app features an integrated Trading Platform, as well as powerful account and fund management tools, along with economic events.

With the app, users can trade 260+ CFD instruments in Forex, Metals, Indices, Shares, Energies, and Futures straight from their mobile phone. Users can execute orders and monitor the markets on the go with the integrated trading platform.

The app maintains advanced levels of personal data encryption and boasts 2-step authentication as well as passcode and fingerprint setting options, adding further layers of protection to your account and financial transactions.

Does FxPro publish an economic calendar?

An economic calendar is a useful resource that allows Forex traders to remain up to date on relevant economic information that is scheduled to be released, which may impact the currency markets. 

FxPro does offer an economic calendar. FxPro’s economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of FxPro?

FxPro has five telephone numbers and four local addresses. 

FxPro’s main telephone number is: 08000 463 050

FxPro’s main local address is 13-14 Basinghall Street, City of London, EC2V 5BQ, UK.

Alternate phone numbers are:

Reception: +44 (0) 20 7776 9720

Sales Inquiries: +44 (0) 203 151 5550

Cyprus office: +357 25 969 200

Monaco office: +44 (0) 203 151 5550