FxPro Review

Author By Jeffrey Cammack Author Information Updated: October 28, 2020
Overall Rating
4.21 4.21 / 5
Rated #15 of 49 Recommended Brokers
Min. Deposit
AUD 100
Max. Leverage
500:1
Min. Spread
0.6 pips
Regulators
Regulator Origin
Trading Desk Type
AlertMost retail CFD accounts lose money. Your capital is at risk.

Summary

With a low minimum deposit, no dealing desk execution across the three most popular platforms and tough regulation from CySEC and the FCA, FxPro has proved to be an industry leader for some time.  FxPro delivers trading in commodities, metals, and shares as well as Forex and offers a beginner-friendly education library and daily market analysis.

Since its founding in 2006, FxPro has won more than 55 awards for best broker, best service, best tools, and best trading platform and has cemented its place the top tier of global Forex brokers.

Reviews

Regulation
111104/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111115/ 5
Deposit & Withdrawal
111115/ 5
Education & Research
110002/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Bonuses

Trading Conditions

Min. Deposit
AUD 100
Base Currencies
USD, GBP, CHF, EUR, PLN, AUD, JPY
Fx Pairs
70+
Hedging Allowed
Yes
Scalping Allowed
Yes
Swap Free Accounts
Yes

Average Spreads

Euro/USD
1.9
GBP/USD
2.4
USD/JPY
1.6

Company Details

Company Name
FxPro Group Ltd
Founded
2006
Type
Regulators
Office Locations
United Kingdom, Cyprus, Bahamas

Regulation

FXPro has strong regulators for the business from around the world.  Client Investment accounts are segregated from operating capital and deposited in major banks.

Account Types

Besides a demo account, there are two live accounts available at FxPro.  All accounts allow for 8 base currencies including AUD.

Display Name
Min Deposit
Max Leverage
Min Spread
Commission
Brokers
FxPro cTrader
USD 100
500:1
0.45
$4.50
Account Details
FxPro MT4
USD 100
500:1
1.2
None
Account Details
FxPro MT5
USD 100
500:1
1.52
None
Account Details
Islamic
USD 100
500:1
1.2
Variable
Account Details

Standard

This account is for the retail trader interested in taking their first step into forex trading.  With negative balance protection, a minimum deposit of just $100, and instant market execution, this account should be a good choice for most traders who want to take advantage of the FxPro platform.

Premium

With the premium account come more tailored features, including a dedicated account manager, daily market analysis, exclusive events, and no withdrawal fees.  This account is for the trader who carries a $50,000 minimum account balance.

Trading Platform

You can choose your trading platform and as well as the in-house developed FXPro system or you can stick with the popular MetaTrader4, MT5 or cTrader.  All have a low latency connection to the market and allow for a good analysis of technical indicators and market sentiment.

Education Material

The brokerage has an FXPro Academy which includes trader designed webinars. You can obtain tutorials and videos and the usual market commentary and tips on trading strategies as well.  This is one of the best educational services I know to be run by a broker – if you are a beginner or signing up for the demo account, this feature will serve you well.

Spreads and Leverage

The spread is lowest at 0.6 pips.  The leverage changes with investment product so you would need to check that out when you apply for an account.  The maximum leverage available is 500:1.

Customer Support

Should you need customer support, you have it available 24/5, in 18 languages, beginners-ready and well-trained reps.  All available through phone, email, and live chat from their website.

Deposits and Withdrawals

Visa and MasterCard are accepted as well as bank transfers.

Conclusion

A company that can manage 5000 trades per second and executes 99.9% of orders in 50 milliseconds is considered fast. FXPro is the leader in Forex trading, cleverly set up by financial experts ten years ago.  Low latency, lower minimum deposits, education available, and MT4/MT5 platform support – spot on.  You don’t need much more than this.

AlertMost retail CFD accounts lose money. Your capital is at risk.
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
11110.54.21/ 5
AUD 100
Market Maker NDD
Forex, Equities, Energies, Futures
70+
5
  • Well regulated
  • Great platform choice
  • Tight spreads
  • Limited education
111104/ 5
11110.54.5/ 5
111115/ 5
111115/ 5
110002/ 5
11110.54.5/ 5
111104/ 5
77% of retail investor accounts lose money when trading CFDs with this provider
500:1
0.6 pips
Yes
Yes
FxPro cTrader, FxPro MT4, FxPro MT5, Islamic
Yes
MT4, MT5, cTrader, FxProEdge
Bank Transfer, Mastercard, Maestro, Neteller
9 USD / lot - cTrader Account
1110.503.95/ 5
USD 5
Market Maker NDD, ECN/DMA
60+
9
  • Great platform choice
  • Low minimum deposit
  • Limited education
1110.503.5/ 5
1110.503.5/ 5
111115/ 5
11110.54.5/ 5
1110.503.5/ 5
111104/ 5
111104/ 5
of retail investor accounts lose money when trading CFDs with this provider
1000:1
0.2 pips
Yes
Yes
cTrader NDD, MT4 Cent, MT4 Fixed, MT4 NDD No Commission
Yes
MT4, MT5, cTrader
Bank Transfer, Mastercard, Neteller, Fasapay
6 AUD / lot - ECN Accounts
11110.54.13/ 5
AUD 200
Market Maker NDD
Cryptocurrencies, Forex, Indicies, Equities
50+
5
  • Fast and free withdrawals
  • Wide range of assets
  • Excellent market analysis
  • Innovative trading tools
  • High minimum deposit
  • No swap-free account option
111104/ 5
111104/ 5
11110.54.5/ 5
111115/ 5
1110.503.5/ 5
11110.54.5/ 5
1110.503.5/ 5
of retail investor accounts lose money when trading CFDs with this provider
500:1
0.2 pips
Yes
Yes
GoPlus+, Standard
Yes
MT4, MT5
Bank Transfer, Mastercard, Fasapay, BPay
6 USD / lot - GoPlus+
Visit Broker
AlertMost retail CFD accounts lose money. Your capital is at risk.

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