FxPro review

Spread from

0.0 pips

EUR/USD spread

0.43 pips on cTrader

GBP/USD spread

0.70 pips on cTrader

Commission

$3.50 per side / $7 round turn

All-in cost, EUR/USD

Approx. 1.13 pips

Spread type

Variable

Overnight swap

Both: overnight swaps apply; Islamic/swap-free accounts available

Currency conversion

Currency conversion applies where funding/account currencies differ

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

FxPro lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Metals, Indices, Futures, Energy, Shares, ETFs, Cryptocurrencies

Currency pairs

70+

Total instruments

2,100+

Crypto CFDs

Yes

Maximum leverage

1:30

Execution model

No dealing desk intervention / market execution

Execution speed

Under 8ms

Order types

Market, limit, stop, stop-limit, stop-loss, take-profit, trailing stop

Servers

Equinix LD4, London

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

FxPro covers forex, metals, indices, futures, energy, shares, etfs, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, skrill, neteller, crypto and regional/local payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, cTrader, TradingView, FxPro Trading Platform

Own platform

Yes, FxPro Trading Platform

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes; EAs, cBots, backtesting and VPS

Copy trading

Yes, cTrader Copy

Indicators

400+ through TradingView; 55+ cTrader; 38+ MT5

Third-party tools

TradingView, Trading Central, BeeksFX VPS

API access

Yes, cTrader Open API/FIX API

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

cTrader shows depth of market and level II pricing, and is usually paired with raw-spread accounts rather than fixed-spread ones.

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Regulated by

FCA (509956); CySEC (078/07); FSCA (45052); SCB Bahamas (SIA-F184); Seychelles FSA (SD120, via Invemonde Trading Ltd partnership)

Regulator tier

Tier 1

Register entry

FCA Financial Services Register, FRN 509956

Client money segregated

Yes

Held at

Barclays Bank; Julius Baer; Royal Bank of Scotland

Negative balance protection

Yes

Compensation scheme

FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients

Audited by

PwC

Not available to

United States, Canada, Iran and other restricted jurisdictions

Across a hundred brokers, the licence is what separates the field fastest.

FxPro holds tier-one authorisations from FCA and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (SCB and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

Client money is held separately from the firm's own money, at Barclays Bank; Julius Baer; Royal Bank of Scotland. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients, which pays eligible clients up to its limit if the firm fails owing client money.

Check the licence yourself: the FCA Register, the CySEC register of investment firms, the FSCA list of regulated entities, the Seychelles FSA list of regulated entities.

Minimum deposit

$0

Account types

Standard, Raw+, Elite, cTrader, Islamic, Demo

Account currencies

13 base currencies

Islamic account

Yes

Demo account

Yes, 180-day lifespan

Professional account

Yes

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

FxPro runs 6 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: 13 base currencies. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Visa, Mastercard, bank transfer, Skrill, Neteller, crypto and regional/local payment methods

Withdrawal methods

Visa, Mastercard, bank transfer, Skrill, Neteller, crypto and applicable local methods

Deposit time

Approx. 10 minutes for most methods; SEPA/local bank transfer generally same business day

Withdrawal time

Processed 24/5; typically within 1 business day, plus payment-provider processing time

Minimum withdrawal

No minimum

Local payment methods

Yes, extensive region-specific payment options

Withdrawals are stated at Processed 24/5; typically within 1 business day, plus payment-provider processing time, against Approx. 10 minutes for most methods; SEPA/local bank transfer generally same business day for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: visa, mastercard, bank transfer, skrill, neteller, crypto and applicable local methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is No minimum - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24/5

Contact channels

Live chat, email, phone, callback

Languages

Multilingual

Telephone

+44 (0) 203 151 5550

Email

support@fxpro.com

Live chat response

Typically under 2 minutes

Education

Extensive: courses, educational articles, tutorials, videos, platform guides and trading glossary

Research

Extensive: FxPro News, Trading Central, technical analysis, market outlooks, calculators and trading tools

Support runs 24/5. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone, callback. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: courses, educational articles, tutorials, videos, platform guides and trading glossary. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

FxPro UK Limited

Company number

06925128

Headquarters

London, United Kingdom

Founded

1999

Publicly listed

No

Parent company

FxPro Group Limited

Employees

600+

Also trades as

FxPro

FxPro has been trading for around 27 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

The contracting entity is FxPro UK Limited. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of FxPro Group Limited. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.