FxPro Review

FxPro was founded in 2006 and has since become one of the leading FX/CFD brokers worldwide. The company serves clients in more than 170 countries and is regulated in 5 different jurisdictions. FxPro was awarded the “Most trusted Forex Brand” award by Global Brands Magazine in 2017. It claims that the company capital (actual Tier 1) amounts to €100,000,000 and that 99 % of orders are executed in less than 13 ms.

Trust

FXPro was founded in 2006 and saw a big expansion in the past few years. The fact that the company has been operating for over 10 years – which is not a short time in the volatile retail FX business – and is regulated by multiple respected regulators gives it a high trust score. FXPro is licensed in five different countries – including the UK and Cyprus. On the official company website, there is a list of the entire management team available, as well as an overview over the key operational statistics. While FXPro is a private company, they are fairly transparent, which is a good sign.

Trading Platform

FxPro offers both MetaTrader versions (MT4 and MT5), which are available for Windows, Mac and Mobile (Android/iOS). The broker also offers access to cTrader – a popular alternative to the MetaTrader software. cTrader is a powerful ECN trading platform and visually appealing user interface, which makes it different from MT4. cTrader is available for Windows/Mac, as Web Version and for mobile phones (Android/iOS).

FxPro Trading Platform

Account Types

Available Account Currencies: USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR

Deposit Options: Bank Transfer, Debit/Credit card, PayPal, Skrill, Neteller, UnionPay

Withdrawal Options: Bank Transfer, Debit/Credit card, PayPal, Skrill, Neteller, UnionPay

Leverage: up to 30:1 (FCA, CYSEC), up to 500:1 (SCB – Bahamas)

FxPro Account Types

Traders looking for higher leverage can sign up to the Bahamas entity of FXPro without much hassle. However, traders looking for protection of funds and stricter regulation may opt for the FCA account, where leverage is limited to 30:1.

FxPro Leverage

FXPro offers various base currencies, including some less common ones such as the Polish Zloty and the South African Rand.

We tested both deposits and withdrawals using various methods. Card payments were quick, although there might be a slight delay after using a card for the first time (15-30 minutes). This is for verification purposes, and once the card is verified, the deposit should pretty much instantly. 

Withdrawals were hassle-free. We submitted the request in the client portal, and it was processed within a few hours. Payments within the EU are quick, and you will most likely have your money back within 24 hours. International transfers will take at least three business days.

Trading Costs

The spreads on the classic MT4/MT5 accounts are slightly above average, and this could be an issue for active traders. However, traders seeking low spreads may opt for the cTrader account instead, where the spreads start from Zero, and the commission paid is competitive. 

MT4/MT5: Spreads starting from 1.2 pips (no commission)

cTrader: Spreads starting from 0.0 pips + commission $45 per Million traded

Customer Support

FxPro offers support by live chat, phone and email. The website is available in ten languages.

We contacted the FXPro using all three methods listed above. The waiting time on live chat was normal (5-10 minutes), and the staff was friendly and helped us out efficiently. Phone support was below average, with a rather long wait time and quality of the support not on the same level as per chat. However, our emails were responded quickly and our inquiry was taken care of professionally.

Trading Tools

FxPro offers a wide range of free tools that are available on its website – even to non-clients. These tools include the Profit/Margin calculator, economic calendar, earnings calendar, FXPro Market News and Technical Analysis by Trading Central.

The broker also offers some basic education materials on their blog. The quality of the content is decent, but the variety of topics covered is not.

FxPro Trading Tools

Conclusion

FxPro is a reliable and trusted FX/CFD provider that offers the 3 most popular trading platforms for retail traders, as well as a wide range of free tools. Strong regulation and a good reputation give the company a high trust rating.