FxPro Review

FX Author By Jeffrey Cammack Author Information Updated: May 12, 2020
Overall Rating
4.41 4.41 / 5
Min. DepositAUD 100
Max. Leverage500:1
Min. Spread0.6 pips
Regulators FCA,CySEC,FSCA,DFSA,SCB
Regulator Origin FCA CySEC FSCA DFSA SCB
Trading Desk Type

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 11111
Trading Conditions 11110.5
Trading Platforms 11111
Deposit & Withdrawal 11111
Education & Research 11000
Assets Available 11110.5
Customer Service 11110
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositAUD 100
Base currenciesUSD, GBP, CHF, EUR, PLN, AUD, JPY
Number of FX Pairs70+
Hedging Allowed Yes
Scalping Yes
Islamic Account Yes

Average Spreads

EUR / USD1.9
GBP / USD2.4
USD / JPY1.6

Company Details

Company nameFxPro Group Ltd
Founded2006
Website www.fxpro.com
Type Market Maker NDD
Regulators FCA,CySEC,FSCA,DFSA,SCB
Office locations United Kingdom, Cyprus, Bahamas

Deposit & Withdrawal Methods

Supported Platforms for FxPro

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.

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.

Alert Most retail CFD accounts lose money. Your capital is at risk.

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Overall Rating 11110.5 4.41 / 5 11110.5 4.28 / 5 11110.5 4.46 / 5
Minimum DepositAUD 100AUD 100AUD 200
Regulation
FCA FCA
CySEC CySEC
FSCA FSCA
DFSA DFSA
SCB SCB
ASIC ASIC
CySEC CySEC
FCA FCA
CySEC CySEC
ASIC ASIC
Trading Desk Type
Trading InstrumentsForex, Indicies, Metals, Equities, Energies, FuturesCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, Futures
Forex Pairs70+40+60
Crypto Pairs53210
Pros
  • Well regulated
  • Great platform choice
  • Tight spreads
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
Cons
  • Limited education
  • Expensive withdrawals
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Platforms 11111 5 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 11111 5 / 5 110.500 2.5 / 5 11110 4 / 5
Education & Research 11000 2 / 5 11111 5 / 5 11100 3 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 77% of retail investor accounts lose money when trading CFDs with this provider 76% of retail investor accounts lose money when trading CFDs with this provider N/A
Leverage500:1500:1500:1
Spread0.6 pips0.1 pips0.1 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Islamic
  • Zero.MT5 (Standard)
  • Standard - MetaTrader (Standard)
Islamic Account Yes Yes Yes
Trading Platforms cTrader , FxProEdge, MT4 , MT5 MT Supreme, MT4 , MT5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay Visa, Mastercard, Skrill, Neteller, POLi, Bitcoin, Bank Transfer Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay
Trading Commission 9 USD / lot - cTrader Account 6 USD / lot - Prime Account 7 USD / lot - True ECN account
Clear all brokers Clear all brokers

FxPro

Visit Website

Admiral Markets

Visit Website

IC Markets

Visit Website
Overall Rating 11110.5 4.41 / 5 11110.5 4.28 / 5 11110.5 4.46 / 5
Minimum DepositAUD 100AUD 100AUD 200
Regulation
FCA FCA
CySEC CySEC
FSCA FSCA
DFSA DFSA
SCB SCB
ASIC ASIC
CySEC CySEC
FCA FCA
CySEC CySEC
ASIC ASIC
Trading Desk Type
Trading InstrumentsForex, Indicies, Metals, Equities, Energies, FuturesCryptocurrencies, Forex, Indicies, Metals, Equities, Bonds, WTIsCommodities, Cryptocurrencies, Forex, Indicies, Equities, Bonds, Futures
Forex Pairs70+40+60
Crypto Pairs53210
Pros
  • Well regulated
  • Great platform choice
  • Tight spreads
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Well regulated
  • Tight spreads
  • Wide range of assets
  • Great platform choice
Cons
  • Limited education
  • Expensive withdrawals
  • High minimum deposit
  • Limited market analysis
Read Full Review Read Full Review
Regulation 11111 5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Trading Platforms 11111 5 / 5 11110.5 4.5 / 5 11111 5 / 5
Deposit & Withdrawal 11111 5 / 5 110.500 2.5 / 5 11110 4 / 5
Education & Research 11000 2 / 5 11111 5 / 5 11100 3 / 5
Assets Available 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 11110 4 / 5 11110 4 / 5 11110.5 4.5 / 5
% Lose with this broker 77% of retail investor accounts lose money when trading CFDs with this provider 76% of retail investor accounts lose money when trading CFDs with this provider N/A
Leverage500:1500:1500:1
Spread0.6 pips0.1 pips0.1 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Islamic
  • Zero.MT5 (Standard)
  • Standard - MetaTrader (Standard)
Islamic Account Yes Yes Yes
Trading Platforms cTrader , FxProEdge, MT4 , MT5 MT Supreme, MT4 , MT5 cTrader , MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Maestro, Skrill, Neteller, Unionpay Visa, Mastercard, Skrill, Neteller, POLi, Bitcoin, Bank Transfer Bank Transfer, Visa, Mastercard, Skrill, Neteller, Paypal, Unionpay
Trading Commission 9 USD / lot - cTrader Account 6 USD / lot - Prime Account 7 USD / lot - True ECN account

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Alert Most retail CFD accounts lose money. Your capital is at risk.

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