FxPro Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
In our comprehensive review of FxPro, we've concluded that it is a highly recommended broker for forex and CFD traders. Our extensive research and firsthand testing underscore its robust offering and exceptional service, making it a great choice in the industry.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Comprehensive Toolset: Extensive range of trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and a proprietary platform.
- Educational Resources: Offers beginner education videos and overall solid educational support.
- Regulation and Trust: High trust score and regulation by major authorities like MiFID and the UK's FCA.
Cons
- Fewer Symbols Offered: FxPro provides access to fewer tradeable symbols and forex pairs compared to its competitors.
- Overall Pricing: While some account types offer lower spreads, the overall pricing isn't as low as some of the other industry leaders.
Ratings Summary
- Investment Types - 8.0/10
- Commissions & Fees - 7.5/10
- Trading platforms - 8.0/10
- Research - 7.5/10
- Mobile Apps - 8.5/10
- Education - 7.5/10
- Overall - 8.1/10
Can I trust FxPro?
Yes, FxPro is a highly trusted broker, not publicly traded but authorized by key regulatory bodies including MiFID and the FCA in the United Kingdom. Our findings align with industry research from ForexBrokers.com, which rates it as "Highly Trusted" based on its trust score of 90.
FxPro is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system
- Tier-2 Regulators - Financial Sector Conduct Authority (FSCA)
- Tier-3 Regulators - None
- Tier-4 Regulators - Securities Commission of the Bahamas (SCB), and Financial Services Authority (FSA)
Is FxPro good for beginners?
Absolutely! FxPro is a fantastic choice for beginners, offering comprehensive beginner education videos and broad educational resources, making it easy for newcomers to start their trading journey confidently.
| Feature |
FxPro
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | No |
| Investor Dictionary (Glossary) | Yes |
FxPro commissions and fees summary
We've analyzed FxPro's fee structure and found it to be competitive, especially for active traders who can benefit from VIP discounts. Although the average spread on the EUR/USD of 1.51 is higher than the industry average of 1.08, much depends on the account type you choose, such as the lower spreads on the cTrader account, making it a worthwhile option for cost-conscious traders depending on the platform you choose and your trading strategy.
| Feature |
FxPro
|
|---|---|
| Minimum Deposit | $100 |
| Average Spread EUR/USD - Mini | 1.58 |
| Average Spread EUR/USD - Standard | 1.51 |
| All-in Cost EUR/USD - Active | 1.27 |
| Active Trader or VIP Discounts | Yes |
FxPro trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
FxPro's trading platforms and tools are comprehensive and highly recommended for traders seeking versatility and advanced technology. The offering includes MetaTrader 4, MetaTrader 5, cTrader, and a proprietary platform, all of which provide a robust trading experience.
Trading platforms offered: FxPro offers MetaTrader 4, MetaTrader 5, cTrader, and its proprietary platform
Trading tools: Comprehensive set available for all types of traders.
Copy trading: Available, enhancing the trading experience for those who prefer this method.
| Feature |
FxPro
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
FxPro trading platform screenshots
Mobile trading apps at FxPro
The mobile trading apps from FxPro are highly rated, offering robust features and seamless trading on the go.
| Feature |
FxPro
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
FxPro mobile app screenshots
How do I open an account with FxPro?
- Visit the FxPro website and find the registration page.
- Complete the application form with your personal and financial information.
- Verify your identity and address by submitting the required documents.
- Once verified, fund your account using one of the multiple payment methods available.
- Begin trading after your account is set up and funded.
What can I trade at FxPro?
FxPro offers trading in 70 forex pairs and a total of 2,249 tradeable symbols, which is below the industry average but still offers ample opportunity for diversification and strategy implementation.
| Feature |
FxPro
|
|---|---|
| Tradeable Symbols (Total) | 2249 |
| Forex Pairs (Total) | 70 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | Yes |
FxPro research screenshots
Account funding at FxPro
FxPro supports multiple funding options including bank wires, Neteller, PayPal, credit cards, and Skrill, accommodating a wide range of payment preferences for its clients.
| Feature |
FxPro
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | Yes |
About FxPro
FxPro, founded in 2006, is a prominent forex and CFD broker known for its commitment to providing superior trading conditions and advanced technology. It operates with a high level of regulatory compliance, authorized by several key financial authorities globally, which reinforces its reputation as a reliable and trustworthy broker in the competitive financial markets.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.