FxPro Review 2024 | Is FxPro a Scam or Legit Forex Broker?
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3.8 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
60%
3.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
20%
1.0/5
Support
90%
4.5/5

Top alternative : OspreyFX


Is FxPro safe? Yes FxPro is a safe and secure broker. However, No broker is perfect, and FxPro is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to FxPro. So which brokers are better than FxPro? Want to jump straight to the answer?

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Read our FxPro review to find out if FxPro is a scam or a reliable forex broker. Unbiased Forex brokers reviews that serve the interests of our users.

FxPro Review and Analysis

Overview

FxPro ReviewFounded in 2006, FxPro has executed more than 370 million orders since inception. With retail and institutional clients in over 170 countries, the FxPro brand holds regulatory licenses in the United Kingdom (UK) under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, South Africa, the Bahamas, Dubai, and the United Arab Emirates.

Investor Protection & Regulations

FxPro is one of the most extensively regulated forex and CFDs broker in the industry. The broker in its quest to offer clients a safe and secured trading environment has subjected itself through its various subsidiaries to regulatory oversights in 5 different jurisdictions.

Tradeable Products

As a global broker, FxPro offers its clients a diverse range of financial instruments to trade with. These instruments covers 6 different asset classes namely 70+ forex pairs, 20+ futures, 150+ stocks, 7 metals, 24+ indices and 3 energies.

Fees and Commissions

FxPro fees and commissionsFxPro is an ECN/STP broker, meaning access to the interbank market, so, their spreads are low and they can offer over 3,500 tradable instruments. The typical spread for the benchmark EURUSD currency pair is 0.1 pips.

Trading Platform

FxPro trading platformThere are 3 main types of trading platforms available at FxPro. They comprise of the MT4 & MT5, cTrader and FxPro Edge trading platforms. The platforms also have different versions to suit different operating systems.Traders at FxPro can also enjoy the popular MT4 wherever they are, by downloading and installing the MT4 mobile trading app and onto their mobile devices. This app allows them to monitor markets and trade with charts.

Account Types

FxPro has several types of trading accounts available for its clients. They consist of 3 different accounts designed for each different of trading platforms that FxPro have. These include the MT4 Account, the MT5 account and the cTrader account with spreads at 1.2, 1.5 and 0.5 respectively

Deposit and withdrawal

FxPro Deposit and WithdrawalThere are several payment options which traders at FxPro can use to fund or withdraw from their trading accounts at FxPro. Funds can be transferred by bank transfer, credit cards or ewallets. FxPro does not charge fees

Usability

The broker offers an outstanding selection of platforms, tools and assets to suit every trader’s appetite.

Customer Support

FxPro customer supportCustomer support at FxPro is available around the clock on a 24/5 basis. There are multiple ways to connect with the support team. In addition, the support services are available in various languages.

Education and Research

Despite the wide range of tools offered by FxPro, we noted that the broker is lacking in the trader’s education section on tit’s website. Educational resources are only available in the form of short video and articles.

Overall Conclusion – Final Thoughts

Overall with the products and tools provided by FxPro, most traders will find that this broker has adequately met all their trading need no matter what level of trading they find themselves.

Broker's Features FXPRO Availability
Commissions
Hedging
PAMM
Scalping
Accepts US traders
24 hour trading
Swaps
Demo account
Daily analysis
Automated trading
Mobile trading
Trading by phone
1st deposit bonus
Forex contests competitions
Bonuses Promotions
Interest charges on the balance
Free education
Expert advisors
Partnership programs
Trust management
24 hour support

People Also Asked

Is FxPro regulated?
Yes, FxPro is regulated by top-tier regulators, CySEC, FCA, FSB, DFSA, SCB inclusive.
Where is FxPro based?
FxPro is based in London
How does FxPro make money?
FxPro charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in FxPro account?
With FxPro you can deposit money via the following means; Credit Card, Local Transfer, Neteller, PayPal, Skrill, Webmoney, Wire Transfer.
How do I withdrawal in FxPro account?
FxPro lets you request a withdrawal of funds from your account via the following means; Credit Card, Local Transfer, Neteller, PayPal, Skr.
What is the minimum deposit for FxPro?
FxPro has $100 minimum deposit.
What are the available account base currencies with FxPro?
FxPro trading accounts are offered in EUR, USD, GBP, CHF, JPY, PLN, AUD, ZAR. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in FxPro?
FxPro has a maximum leverage is 1:500 for professional traders.
Does FxPro use MetaTrader?
FxPro platforms: Yes, FxPro use MetaTrader as well as the following platforms: MT4, MT5, cTrader, FxPro Edge
What type of broker is FxPro?
FxPro appears to be a No Dealing Desk broker which offers market access to a variety of traders.
Does FxPro accept US clients?
No, FxPro does not accept US clients
Does FxPro offers Islamic accounts?
Yes, FxPro offers Islamic accounts
What financial instruments can I trade?
You can trade a wide variety of instruments with FxPro: You can trade a wide variety of instruments with FxPro: Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures

Are you Satisfied with what They Offer?