FxPro Review 2023 & Cashback

FxPro Overall rating

	Rating	Weight
Real customer rating	4.4 (52 reviews)	3
Popularity	4.5	3
Regulation	5.0	2
Pricing rating	4.5	1
Features	Not rated	1
Customer Support	Not rated	1

We start our FxPro review highlighting some of the most pertinent features of this popular CFDs broker. FxPro is a highly regulated financial services company, offering online brokerage services, mainly, for retail traders. The group has several entities, licensed and regulated by tier-1 financial supervisors, offering retail investors absolute peace of mind regarding client money safety.

Not only FxPro excels for its client’s funds safety, but the broker has also available everything new, and seasoned traders, will need for a great trading experience – a good variety of financial instruments, excellent trading education materials, and a complete range of trading platforms.

With FxPro traders can try their hand at the markets via the MT4, the MT5, the cTrader and the FxPro App (now with TradingView charts), available as a mobile app for iOS and Android, and FxPro web, browser-based.

The FxPro Platform allows investors to trade over 400 CFDs on several asset classes; forex, metals, indices, energies, futures, shares and cryptocurrencies, priced with the spread only and with 0 commission. With an intuitive user interface, the FxPro Platform has a VWAP (volume-weighted average price) market execution with tiered liquidity.

Negatively, trading forex with FxPro can cost slightly more for retail traders, as the broker’s pricing is not the most competitive when compared with other top online brokers. Offering variable spreads from 1.6 pip for major FX pairs, even without a commission, FxPro spreads are slightly above the industry average of 1.0 pip.

But, pricing improves much with the cTrader account. Offering floating spreads, starting at 0.2 pip for FX pairs, and a trading commission of $35 per side, per 1M USD traded, the total cost of trading 1 lot of EUR/USD, for example, is 0.9 pip. Still, a total cost that is slightly above the industry average of 0.7 pip – assuming an ECN pricing model with 0.1 pip spread and a 0.6 pip ($6) trading commission.

FxPro Regulation / Money Protection

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
FxPro Financial Services Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
FxPro UK Limited	United Kingdom - UK FCA		up to £85,000			30 : 1
FxPro Financial Services Limited	South Africa - ZA FSCA					30 : 1
FxPro Global Markets Ltd	Bahamas - BS SCB					200 : 1

FxPro provides quality CFDs trading services and investors can open a live trading account with any of its two highly-regulated entities, one in Cyprus and one in compliance with the UK’s FCA regulations, one supervised by South Africa’s FSCA and one licensed by the Bahamas Securities Commission (Bahamas SCB), directed at the international clientele.

International regulation: The FxPro Global Markets Ltd entity will be the counterparty for the international clientele. This entity is registered in the Bahamas as a financial company dealing in securities as principal & agent and licensed by the Securities Commission of the Bahamas under licence number SIA-F184. FxPro international website is www.fxpro.com.

European regulation: FxPro Financial Services Ltd, with address at 1 Karyatidon, CY-4180 Ypsonas, Limassol is a financial services company registered as a Cypriot Investment Firm (CIF) under number 181344. FxPro Financial Services Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 078/07. The CySEC licence allows FxPro Financial Services Ltd to offer online financial services in Europe according to the guidelines set out on the MiFID rules.

UK regulation: FxPro UK Limited is a financial services company registered in England and Wales under number 06925128. This entity has a registered office 13-14 Basinghall Street, City of London, EC2V 5BQ, United Kingdom, and is authorised and regulated by the UK’s Financial Conduct Authority (FCA) with reference number 509956.

South Africa regulation: FxPro Financial Services Limited, registered in South Africa with company number HE181344 and sharing the registered address of the Cyprus entity, is authorized and regulated by South Africa's Financial Sector Conduct Authority (FSCA) with a financial services provider licence, number 45052. Currently, no live accounts can be registered with this entity.

Client Money Protection

FxPro complies with the highest standards regarding client money protection. Therefore, the broker client’s funds are kept in top-tier international banks, such as the Barclays Bank, the RBS and the Emirates NBD, in segregated accounts.

FxPro also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. FxPro holds the client's money separately from the company funds and does not use these funds for any company operational expenses or purposes.

Deposit Compensation

FxPro Financial Services Ltd is a member of the Cyprus CySEC Investor Compensation Fund (ICF). The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. If FxPro Financial Services Ltd is unable to meet its obligations, retail clients might be entitled to compensation to the value of up €20,000 per claim, irrespective of the number of accounts held, currency and place of the offering of the investment service (within Europe).

The FxPro UK Limited entity is a member of the UK’s Financial Services Compensation Scheme (FSCS), an independent compensation fund of last resort for retail customers of authorised UK financial services firms. In the unlikely event that FxPro UK Limited is unable to pay claims against it, or if the firm has stopped trading, or has declared default, retail clients might be entitled to compensation to the value of up to £85,000 per claim.

Negative Balance Protection

For accounts opened with any entity of the FxPro Group, there is a default Negative Balance Protection mechanism in place for retail traders, protecting traders from losses bigger than the original deposit, in case of extreme market volatility.

FxPro Cashback rebates

	MT4 (Instant, Standard, Fixed)	FxPro Edge	MT5	cTrader	Spread Betting
Forex	30.00% Of The Spread			30.00% Of The Spread + 24.50% Per 1 Million USD Traded	10% of the executed spread -Bet spread
Futures	30.00% Of The Spread			-
Oil / Energies	30.00% Of The Spread				-
Metals	30.00% Of The Spread			30.00% Of The Spread + 24.50% Per 1 Million USD Traded	-
Shares / Equities	30.00% Of The Spread		-
Indices	30.00% Of The Spread				-
Soft commodities (coffee,sugar...)	30.00% Of The Spread			-
Cryptocurrencies	30.00% Of The Spread			-
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	MT4 (Instant, Standard, Fixed)
Forex	30.00% Of The Spread
Futures	30.00% Of The Spread
Oil / Energies	30.00% Of The Spread
Metals	30.00% Of The Spread
Shares / Equities	30.00% Of The Spread
Indices	30.00% Of The Spread
Soft commodities (coffee,sugar...)	30.00% Of The Spread
Cryptocurrencies	30.00% Of The Spread
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	FxPro Edge
Forex	30.00% Of The Spread
Futures	30.00% Of The Spread
Oil / Energies	30.00% Of The Spread
Metals	30.00% Of The Spread
Shares / Equities	30.00% Of The Spread
Indices	30.00% Of The Spread
Soft commodities (coffee,sugar...)	30.00% Of The Spread
Cryptocurrencies	30.00% Of The Spread
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	MT5
Forex	30.00% Of The Spread
Futures	30.00% Of The Spread
Oil / Energies	30.00% Of The Spread
Metals	30.00% Of The Spread
Indices	30.00% Of The Spread
Soft commodities (coffee,sugar...)	30.00% Of The Spread
Cryptocurrencies	30.00% Of The Spread
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	cTrader
Forex	30.00% Of The Spread + 24.50% Per 1 Million USD Traded
Oil / Energies	30.00% Of The Spread
Metals	30.00% Of The Spread + 24.50% Per 1 Million USD Traded
Indices	30.00% Of The Spread
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

	Spread Betting
Forex	10% of the executed spread -Bet spread
Payment Options	Monthly Cash Back Payments are credited and sent automatically by the 12th day of the month for trades where cashback has been accumulated between the first and the last day of the previous month.

How much FxPro rebates can I earn?

Use our forex rebate calculator to estimate your FxPro rebate earnings:

Instrument AAVEUSD ADAUSD ATOMUSD AUDCAD AUDCHF AUDJPY AUDNOK AUDNZD AUDPLN AUDSEK AUDSGD AUDUSD AUS200 AVAXUSD BCHUSD BNBUSD BSVUSD BTCEUR BTCJPY BTCUSD CA60 CADCHF CADJPY CADSGD CELUSD CHFJPY CHFSEK CHFSGD CHINA50 CHINAH COMPUSD CROUSD DAIUSD DOGEUSD DOTUSD DSHUSD DXY EGLDUSD EOSUSD ES35 ETHUSD EURAUD EURCAD EURCHF EURCZK EURDKK EURGBP EURHKD EURHUF EURJPY EURMXN EURNOK EURNZD EURPLN EURRON EURRUB EURSEK EURSGD EURTRY EURUSD EURZAR FILUSD FRA40 FTTUSD GBPAUD GBPCAD GBPCHF GBPCZK GBPDKK GBPHKD GBPHUF GBPJPY GBPMXN GBPNOK GBPNZD GBPPLN GBPSEK GBPSGD GBPTRY GBPUSD GBPZAR GER40 HK50 HTUSD IOTAUSD IT40 JPN225 LEOUSD LINKUSD LTCUSD LUNAUSD MKRUSD NEOUSD NETH25 NOKJPY NOKSEK NZDCAD NZDCHF NZDJPY NZDSGD NZDUSD OKBUSD SEKJPY SGDJPY SHIBUSD SNXUSD SOLUSD STOXX50 SUSHIUSD SWI20 THETAUSD TRXUSD TRYJPY UK100 UNIUSD US100 US2000 US30 US500 USDBRL USDCAD USDCHF USDCNH USDCNY USDCUSD USDCZK USDDKK USDHKD USDHUF USDILS USDINR USDJPY USDMXN USDNOK USDPLN USDRON USDRUB USDSEK USDSGD USDTHB USDTRY USDTUSD USDZAR VETUSD WBTCUSD Wheat XAGAUD XAGEUR XAGUSD XAUAUD XAUCHF XAUEUR XAUGBP XAUJPY XAUUSD XBRUSD XCUUSD XEMUSD XLMUSD XMRUSD XNGUSD XPDUSD XPTUSD XRPUSD XTIUSD XTZUSD ZARJPY ZECUSD

Deposit currency AUD BCH BTC CAD CHF CNH CNY CZK DKK DOGE DSH EOS ETH EUR GBP HKD HUF ILS INR JPY LTC MXN NOK NZD PLN RON RUB SEK SGD THB TRY USD XAG XAU XLM XRP ZAR

Rebate per lot

Pips AUD BCH BTC CAD CHF CNH CNY CZK DKK DOGE DSH EOS ETH EUR GBP HKD HUF ILS INR JPY LTC MXN NOK NZD PLN RON RUB SEK SGD THB TRY USD XAG XAU XLM XRP ZAR

Lots traded

You must enter a valid number

EURUSD 1 Pip Size

EURUSD Price

Calculate

--

View EURUSD Live Chart View EURUSD Historical Chart

Embed < />

Switch to units

Forex pairs are 100,000 units per 1 lot

Units per 1 lot vary on non-forex pairs, please check with your broker

In MT4 and MT5 right click a symbol and then click Specification. The Contract Size field tells how many units are in one lot.
View image

×

FxPro Web traffic

FxPro Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

FxPro is a UK-based CFDs broker offering investors online trading on a full suite of financial instruments, including forex, shares, indices, metals, commodities and cryptocurrencies. Investors can trade the price of over 400 assets, through a selection of traders oriented platforms, including the classic MT4, the next-gen MT5, the advanced cTrader and the FxPro Trading Platform – the broker’s proprietary web platform, and with most platforms available for Windows, macOS, iOS and Android.

Established in 2006, the FxPro Group, through its FxPro brand, offers a winning combination of excellent execution speeds, robust trading platforms, a diversified product range, knowledgeable customer support and great trading tools, including accurate market analysis, giving its clients the confidence to trade.

FxPro is a trusted global CFD and, due to its rapid progression, the broker’s client services are now available in more than 170 countries worldwide and still growing. FxPro offers CFDs trading in several asset classes, providing clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention.

FxPro multi-language customer support service is available 24 hours, 5 days a week, in 21 languages. FxPro customer services can be contacted via local phone numbers (subject to jurisdictions), call back, email and through the live chat widget present on the broker’s website.

FxPro Asset classes

As a reputable and regulated CFD broker, FxPro chooses carefully the range of tradable assets proposed to clients. Currently, FxPro offers an excellent range of 400+ financial instruments available for trading, including forex, indices, stocks, futures, commodities – both metals and energies, and cryptocurrencies.

FX market: 70+ currency pairs, including all major pairs, some minor and exotic crosses.

Indices: 19 world indices CFDs, including the UK 100 and the US 30.

Stocks: 2,000+ stocks CFDs availabe for trading of top companies and banks, from 30 industries and 8 countries and listed on several global exchanges, such as Amazon, Lufthansa, Barclays Bank, Lyft, Uber, Puma, Zoom and Novartis.

Futures: 24+ futures CFDs of several financial instruments, including indices, commodities and energies. Recently, FxPro added new base metals & gold future CFDs, including aluminium, zinc, copper & lead in addition to existing metals, and gold futures.

Commodities: 10 commodities CFDs available for trading; 7 metals – including Gold and Silver versus the USD, and 3 energies – UK Oil, US Oil and Nat Gas.

Cryptocurrencies: 18 cryptocurrencies CFDs crosses available for trading, including Bitcoin, Ripple, and Ethereum. Litecoin and Doge versus the USD*.

_{*Please note that cryptocurrencies CFDs – or any crypto-related products – are not offered to clients opening a live account with FxPro UK Ltd, as per the UK’s FCA regulations.}

FxPro Account types

	MT4 (Instant, Standard, Fixed)	FxPro Edge	MT5	cTrader	Spread Betting
Commission	-			$35.00 Per Side Per 1 Million USD Traded	-
Maximum leverage	200:1				30:1
Mobile Platform	MT4 Mobile	MT4 Mobile, Proprietary	MT5 Mobile	cTrader Mobile	FxPro Edge
Trading Platform	MT4, WebTrader	MT4, Proprietary	MT5, WebTrader	cTrader, WebTrader	WebTrader
Spread Type	Fixed Spread , Variable Spread	Variable Spread
Minimum Deposit	100
Minimum Trade Size	0.01
Trailing Stops					-
Scalping Allowed					-
Hedging Allowed					-
Islamic Accounts					-

	MT4 (Instant, Standard, Fixed)
Maximum leverage	200:1
Typical Spread	1.3
Trading platform	MT4WebTrader
Mobile platform	MT4 Mobile
Spread type	Fixed Spread Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	FxPro Edge
Maximum leverage	200:1
Typical Spread	1.58
Trading platform	MT4Proprietary
Mobile platform	MT4 MobileProprietary
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT5
Maximum leverage	200:1
Typical Spread	1.51
Trading platform	MT5WebTrader
Mobile platform	MT5 Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	cTrader
Commission	$35.00 Per Side Per 1 Million USD Traded
Maximum leverage	200:1
Typical Spread	0.37
Trading platform	cTraderWebTrader
Mobile platform	cTrader Mobile
Spread type	Variable Spread
Minimum deposit	100
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FxPro simplifies its trading accounts offering with only one account type – this one account will have slight variations, subject to the chosen trading platform when signing up. For live accounts opened with the MT4 and MT5 platforms there are not many differences, only the simple fact that the FxPro MT4 and the FxPro MT5 accounts allow for the trading of crypto CFDs, and the FxPro MT4 Instant doesn’t. Let’s check out each account in more detail.

The FxPro MT4 Instant account is recommended for the investors looking to trade only with the bid and ask prices, without any added commissions. It allows the trading of forex, metals, indices, energies, futures and stocks, with spreads only plus zero commissions. The FxPro MT4 Instant account is also offered with fixed spreads on 7 major FX pairs.

The FxPro MT4 and FxPro MT5 accounts are very similar regarding the specs, and also recommended for the investors looking to trade only with the bid and ask prices, without any added commissions. Similar to the FxPro MT4 Instant allows for trading on the same asset classes, but also on cryptocurrencies CFDs.

The FxPro cTrader account differs from the above accounts, not only for the trading platform used, the cTrader, but mainly for its slightly better pricing. Investors opening a live FxPro cTrader account will have access to fewer markets (compared with the MetaTrader accounts) but are still able to trade forex, metals, indices and energies.

The FxPro cTrader account is proposed with reduced spreads plus a trading commission of $35 per million USD traded (for FX pairs charged upon opening and closing a position). The trading commission applies only to FX and metal instruments, with indices & energies also available on the cTrader account with marked-up spreads and $0 commission.

The FxPro Platform account is in all similar to the FxPro MT4/5 accounts, allowing investors to trade the same asset classes of the MetaTrader accounts, with the same pricing structure: variable spreads with zero commissions. The only difference is the trading platform used. Recently, FxPro added TradingView charts to the FxPro Mobile app, and the app now boasts advanced charting, indicators, chart tools etc. Please remember that the FxPro trading platform is available only for mobile devices (iOS and Android) and as a web version.

The broker also offers swap-free accounts for traders of Islamic belief and viable options for money managers looking for multi-account manager’s software, through the FxPro MAM accounts.

Regarding leveraged trading, FxPro maximum leverage ratio is 200:1 for retail clients opening a live account with the entity in the Bahamas, and limited to 30:1 for retail traders opening a trading account with the UK’s FCA and the Cyprus CySEC regulated entities. At the time of writing, it’s impossible to register a live account with the licensed entity in South Africa, thus the leverage limits of the other Group entities apply.

Currently, FxPro trading accounts are available in several base currencies (subject to jurisdiction): AUD, CHF, EUR, GBP, JPY, PLN, USD and ZAR.

FxPro Demo account

With a FxPro demo account traders can compare this CFDs broker to its peers for its product offering and trading conditions. An FxPro demo account can also help novice traders practising with their trading skills in a safe environment, without risking losing real money.

To open an FxPro demo account traders will have to do a bit of work, as the entire process might require around 15 minutes. As the whole procedure might be slightly cumbersome for some traders, we have a small tutorial on the FxPro FAQs section on How to open a FxPro MetaTrader 4 demo account.

The FxPro demo account expires after 180 days but will allow traders to test the excellent range of trading platforms and the broker's pricing on several financial instruments – from forex to cryptocurrencies, without risking any real money. The demo account is 100% risk-free and the funds are virtual, including both winnings and losses.

Register for free and test your trading strategies, open a FxPro demo trading account, with no risk and no obligation, now.

Try the FxPro broker, risk-free!

Open a Demo Account

FxPro Pricing

Spreads and trading commissions

FxPro pricing and trading costs are not the most competitive in this industry when compared with other players, for investors who prefer to trade with the MetaTrader platforms – MT4 and MT5. The starting spread for the most popular cross, the EUR/USD pair, on the MetaTrader 4 accounts, is 1.6 pip, commission-free and with an average of 1.8 pip (for the MT5 and EDGE accounts is 1.4 pip and 1.6 pip respectively).

Pricing improves slightly with the FxPro cTrader account. The broker competitively prices its cTrader account with a starting spread of 0.2 pip on FX pairs, such as the EUR/USD (average spread is 0.3 pip), but then charges a slightly higher trading commission of $70 per million USD traded ($35 per side). This means that on average trading 1 lot of EUR/USD (100,000 currency units) will cost $7 in trading commissions ($3.5 per side, or the equivalent to 0.7 pip). In fact, slightly higher when compared with the average commissions charged by other top brokers ($6 per lot, or the equivalent to 0.6 pip).

Rollover rates

FxPro swap rates, as of 07-10-2021, and for the EUR/USD pair traded on a USD account, stand at -4.86 USD for holding 1 lot overnight long and at -0.97 USD for holding overnight 1 lot short position. We consider FxPro rollover rates to be worse when compared with the swap rates offered by other top brokers.

FxPro Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in 8 different currencies and maintained via 6 different funding methods – depending on the contracting entity. Including funding with the traditional methods, cards and bank wires, FxPro also accepts deposits with the most popular e-payment solutions (subject to jurisdiction), such as Neteller, China UnionPay, PayPal and Skrill.

FxPro does not charge any deposit fees and deposited funds via e-payment wallets and cards, are available with minutes.

Minimum deposit: Opening a live trading account with FxPro can be done on the broker’s website, taking on average 15 minutes from registering an account to set up. FxPro minimum deposit requirement for its range of accounts is only 100 USD or the equivalent in other base currencies.

Withdrawal fees: FxPro also waives the withdrawals fees, an ever-popular policy with traders, with processing times varying according to the withdrawal method chosen, but normally, within 1 business day. While FxPro does not charge any withdrawal fees for e-wallet and bank wire transactions, certain e-wallet providers, as well as the sending and correspondent bank, may charge a fee for processing withdrawals according to their fee structure. For more information, please visit the FxPro funding & withdrawals dedicated page.

Inactivity fee: Currently, FxPro charges an inactivity fee of 15 Euro (or the equivalent in other accepted account currencies) after 12 months of inactivity, and 5 Euro/month after.

FxPro Popularity

The FxPro brand enjoys great, undeniably popularity, as it is a well-known broker within the trading community, and within this industry, but also with the general public, due to a powerful and well-oriented advertising budget – more than $100,000,000 invested in key sponsorships.

Those who are fans of the F1, for example, probably saw the FxPro logo on the McLaren F1 racing team cars and drivers’ overalls, and those who are fans of football probably saw their logo on the Aston Villa FC and Fulham FC player's jerseys. That’s right, the FxPro brand is everywhere, on F1 cars, football teams, rally cars, yacht teams, golf players, rugby teams and more.

But the broker isn’t popular with traders just for their huge advertising campaigns. FxPro also provides a safe and reliable trading environment for investors from all over the world. The broker’s in-house spot aggregator and advanced order-matching technology provide traders with access to a deep liquidity pool and ultra-fast trade execution. The average execution time (according to FxPro official statistics) is less than 14ms, provided from an ultra-low latency Equinix Data centre in LD4 London.

Popular trading account: The cTrader account is the popular choice with traders looking to save on FxPro trading costs, with low starting spreads and a commission of $35 per million USD traded (on FX pairs, per side/per lot).

Trading education

FxPro also gets a few extra popularity points for its decent range of trading education materials, available through the “Tools” tab on its website. FxPro users can find some quality trading tools, including forex calculators, trading courses, multimedia materials, trade ideas and so much more.

FxPro users can also watch and learn with live webinars, participate in events, brush their skills with educational videos, and make informed decisions with FxPro daily and market insights reports.

Research & education materials available on FxPro website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels

FxPro Promotions

Zero Fees on Deposits & Withdrawals

FxPro FAQs

Can I trade with a FxPro micro account?

Yes, it is possible to trade micro-lots (0.01) with any FxPro account. All the trading accounts offered by FxPro have a minimum trade size of 0.01 lot (micro lot), equivalent to 1,000 currency units.

Within the MetaTrader accounts range (FxPro MT4, FxPro MT4 Instant, FxPro MT5) and the FxPro EDGE account, investors can trade micro-lots on forex, metals, indices, futures, energies and cryptocurrencies (cryptos are not available with the FxPro UK Ltd entity).

With the FxPro cTrader account, investors can trade micro-lots on forex, metals, indices and energies.

Which one is the best FxPro account type?

The best FxPro account type is the cTrader account for traders looking to save on trading costs. The FxPro cTrader allows investors to trade several financial instruments; forex, metals, indices and energies with a minimum position size of 0.01 lot (1,000 currency units). The FxPro cTrader is available as a desktop app for Windows, Web trader, and the FxPro cTrader app is available for Android and iOS mobile devices.

Of all of the FxPro accounts, the cTrader account is the account with better pricing, especially for forex trading, with starting spreads of 0.02 pip on major crosses. We made a quick comparison table with the total cost in pips for buying 1 lot (100,000 currency units) of EUR/USD, on a USD base currency trading account, at the market price of 1.1558 for the 3 main account types offered by the broker:

So, not only the FxPro cTrader account is more competitive, but the cTrader platform also offers better pricing and superior order execution with no dealing desk intervention, providing one of the most innovative trading experiences in the industry.

How to open a FxPro MetaTrader 4 demo account?

Opening a FxPro MetaTrader 4 demo account is not as simple as with the majority of other retail CFDs trading brokers, which usually require very little info from the users to open a demo account. FxPro requires a complete user registration before allowing investors to open a demo account. Let’s see step by step how to open a FxPro MetaTrader 4 demo account.

In the first place, users will need to visit the FxPro MT4 demo account page. On this page, users will have to fill in a form with some basic information – country of residence, name and surname, a valid email address and then choose a password. Please note that to open a demo account, users do not need to upload any verification document(s) to FxPro. After filling in the required info, choose the entity you wish to register an account with and then click the “Register” blue button.

1. Personal details: on the following screen, which looks like an account dashboard, users will be required to confirm their nationality, DOB and provide a valid phone number. After that, click the “Save And Continue” blue button to go to the next screen.
2. Residential address: on this screen, users will need to fill in their residential address details, and once more, click the “Save And Continue” blue button to proceed to the following screen.
3. Employment information: FxPro will require users to fill in their employment information, and again, click “Save And Continue” to go to the next screen.
4. Financial information: now users will have to provide their financial information, and then click “Save And Continue” to continue.
5. Trading experience: as a regulated firm, FxPro is required to assess whether leveraged trading is appropriate for the user, and you will be asked to provide your trading experience. Fill in the details and click “Save And Continue”. After that, users will come to a new screen (“Knowledge Scoring”) with a mini leverage trading quiz – choose the answers to the best of your knowledge and click “Save And Continue”.
6. Trading Account Settings: and now we arrive at the Trading Account Settings screen. Users will be able to choose any of the available FxPro accounts (one from both MT4 accounts, or the MT5, the cTrader or the FxPro EDGE), the desired account currency from AUD to ZAR, and then click the “Save and Continue” button.

Finally, everything is set up with FxPro. Now, on the left panel, the “Accounts” option becomes available. Click here and choose the “Demo Accounts” tab.

Follow the steps to open a new demo account and personalise it to your requirements – choose the account type, the trading platform, the account currency, the leverage ratio, from 1:1 to a maximum of 200:1, and the account balance, from 500 USD to 100,000 USD.

Then click the “Create” button to finish. The account credentials will be sent to the registered email. Please note that the FxPro MetaTrader 4 demo account is not non-expiring, and will be deactivated after 180 days, still, that’s plenty of time for users to test it. Also, the MT4 demo account is limited to a maximum of 70 open positions.

FxPro MT4 demo account disclaimer:

_{Although demo accounts present real market conditions and prices, please keep in mind that they are simulations and cannot always reasonably reflect all of the market conditions as during highly volatile or illiquid periods (e.g., market openings, news announcements) they may not behave in the same manner as live accounts.
Margin and leverage settings may vary between your demo and live account and you should not expect any success with the demo account to be replicated in your live trading.
For this reason, it is strongly recommended that demo accounts are viewed solely as a learning tool for inexperienced traders or a place for testing new trading strategies.}

What is the FxPro minimum deposit?

FxPro minimum initial deposit is 100 USD for all accounts – MT4, MT5, cTrader and EDGE. Please note that if the deposit currency is not in US dollars, then the indicative deposit amount should be converted to the deposit currencies. FxPro also recommends a minimum account balance of 1,000 USD.

As a highly regulated broker, FxPro takes the safety of client funds seriously, and for this reason, all client deposits are fully segregated from the company’s funds and kept in separate bank accounts in major European banks.

In addition, FxPro UK Ltd is a member of the UK’s Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Cyprus Investor Compensation Fund (ICF).

FxPro accepts account deposits via bank wire transfers, credit and debit cards, PayPal, Neteller, Skrill and some more methods available subject to jurisdiction.

Clients of the FxPro UK Limited entity may deposit into their trading wallet in USD, EUR, GBP, AUD, CHF, JPY and PLN.

Clients of the FxPro Financial Services Limited entity may deposit in USD, EUR, GBP, AUD, CHF, JPY, PLN and ZAR.

Clients of the FxPro Global Markets Limited entity can deposit in USD, EUR, GBP, CHF, AUD, PLN, ZAR and JPY. This entity and the entity above also accept deposits in RUB, yet funds deposited in RUB will be converted to the currency of the client’s FxPro Wallet (Vault) upon receipt.

FxPro also offers Negative Balance Protection (NBP) for all clients, regardless of their classification and jurisdiction, thus ensuring that traders cannot lose more than their original deposits. FxPro does not charge any fees/commission for account deposits, however, deposits may be subject to fees by the sender’s bank, in the case of bank transfers.

_{Please note that due to anti-money laundering policies, FxPro only allows withdrawals via the same method used to deposit funds on the trading account.}

What are the FxPro withdrawal fees?

FxPro does not charge any fees or commissions on withdrawals (and deposits), however, there might be fees charged from the sending and correspondent bank, if the chosen withdrawal method is by bank transfer.

The minimum withdrawal amount from a FxPro trading account is 100 USD and FxPro’s withdrawal policy is to return the client’s funds to the origin of these funds, and as such, the withdrawal will be returned to the source of the funds' deposit.

The FxPro withdrawal policy is to protect all parties against fraud, and also in compliance with the applicable laws and regulations for the prevention of money laundering.

For more information on the FxPro withdrawal policy under each jurisdiction, the withdrawal processing times and available withdrawal methods, including fees, please visit the FxPro funding/withdrawals web page.

What are the FxPro swap rates?

FxPro swap rates are rollover charges incurred when a trade is kept open overnight, to reflect the cost of funding your trade(s).

The swap is charged, or credited, automatically on any open long or short position at 21:59 (UK time) to the trader’s account and is converted into the base account currency.

FxPro swap rates are calculated and charged once every weekday for a 1-day rollover, except for Friday, when the FxPro swap rates are calculated and charged 3 times to account for the weekend rollover (Friday – Monday).

Depending on the position hold – long or short – clients may either receive or pay a swap rate, thereby having either positive or negative rollover, respectively. It is also possible that some financial instruments may have negative rollover values on both sides as a result of commission being added on top of the overnight interest rate differential of the two currencies.

For updated swap rates charged by FxPro, we recommend the use of the broker’s all-in-one FX calculator where traders can select the currency pair, the account currency, the leverage ratio used and the trade size in currency units – from 1,000 (0.01 micro lot).

FxPro all-in-one FX calculator will display the results not only of the cTrader account trading commission but also the required margin (according to the leverage ratio chosen) to open a trade. The calculator will also display the pip value and the latest FxPro rollover rates, with the swap value for a long position and a short position.

FxPro review - final considerations.

We conclude our FxPro review with the final considerations regarding this CFD broker. FxPro stands out for its popularity and for being a highly regulated broker offering a good range of tradable financial instruments.

Also positively, FxPro offers retail investors the possibility to trade with two highly-regulated entities, one in Cyprus and one in the UK, where existing retail client protection and money safety mechanisms are offered by default – and these two entities are also our recommendation for retail traders.

With FxPro traders are allowed to hedge, scalp, swing or position trade, with no restrictions, via 3 reliable trading platforms; MT4 and MT5, available for desktops running Windows, macOS, and mobile devices running Android and iOS, via the cTrader, as a web version and also available for Windows, Android and iOS and via the FxPro platform, available as a web-browser platform and for mobile devices running iOS and Android.

Overall, the level of safety for retail client’s funds offered by the broker, together with an always welcomed policy of no fees on deposit & withdrawals and a low initial deposit of 100 USD, or the equivalent in other base currencies, position this CFD broker on the top 10 brokers for popularity with traders opening a trading account in 2023.

FxPro Real customer rating

(52)

FxPro reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

_{Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.}

Based on the user reviews from FxPro verified customers, with a live trading account, this broker is recommended for its execution speeds and the overall trading costs of the cTrader account, with lower spreads.

Traders were also very pleased with FxPro deposit and withdrawal processing times, and with the broker’s no fees policy for deposits and withdrawals. Several traders also praised FxPro’s customer support service, classifying it as excellent, and other traders were pleased with the fact of being trading with a well-regulated broker.

Negatively, a few traders reported on the higher than industry average spreads on the MetaTrader 4 accounts and high slippage happening during news and other high-volatility events.

Review sources

For over 10 years we have been one of the top IB brokers for live forex and CFD trading accounts to virtually all of the world's first-class retail brokers. One of our foremost goals is to help traders make informed decisions by publishing unbiased and accurate content, supported by primary sources.

These sources may include information supplied by the broker itself, government data, data available on the broker's corporate website(s), the broker’s analysis from our industry experts, and the opinions of verified traders with a live account. The information on this FxPro review page was also collected from:

• Securities Commission of the Bahamas website, FxPro Global Markets Ltd, company details page.
• Cyprus Securities and Exchange Commission website, FxPro Financial Services Ltd, company details page.
• United Kingdom Financial Conduct Authority website, FxPro UK Limited, company details page.
• FxPro international website, Forex Trading, contract specifications page.
• FxPro international website, Pricing Model, execution speeds and slippage stats page.
• FxPro international website, FxPro Help Centre, frequently asked questions page.
• FXverify website, FxPro user reviews by verified traders with a live account, reviews page.

Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Check the FxPro website at www.fxpro.com for the percentage (%) of retail investor accounts losing money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.