FxPro was established in 2006 and since its inception, the broker has managed to increase its offerings from just Forex to 6 different asset classes. Nowadays you can trade Forex, stock CFDs, indices, commodities, cryptocurrencies, and futures from 5 different FxPro account types. In addition, the broker offers access to 4 trading platforms.
FxPro got its first license from the Cyprus Securities and Exchange Commission in 2007. Nowadays FxPro is authorized and regulated by a couple of top-tier regulatory bodies. The list includes the Financial Conduct Authority of the UK (FCA), CySEC, the Securities Commission of The Bahamas (SCB), and the Financial Sector Conduct Authority in South Africa (FSCA).
FxPro offers 2105 shares as CFDs, 70 currency pairs, 29 crypto CFD pairs, 19 Indices, 11 commodities, and 21 futures for trading.
FxPro executes up to 7,000 orders per second and most orders get filled in less than 14 ms. The broker holds more than 95 industry awards and employs more than 200 people.
In today's review, we’ll discuss FxPro’s fees, account types, policies, safety and security, mobile trading, and more in detail. What’s more, in case you decide to open a trading account, we’ll guide you through the entire process step by step.
Here Are the X Pros and Cons:
- Regulated in 4 jurisdictions
- Offers access to MetaTrader 4, MetaTrader 5, cTrader, and FxPro Platform.
- Charges no deposit and withdrawal fees
- Offers access to 2,255 trading assets
- Reasonable fees
- Fast and digital account opening/verification
- 24/7 customer support. Available in more than 10 languages
- Offers 5 types of trading accounts
- Limited educational material compared to market leaders
- After 12 months of inactivity, they charge a 15 USD one-off administration fee followed by 10 USD monthly
FxPro Fact sheet
|Regulations||Bahamas, Cyprus, South Africa, UK|
|Fees on deposits||$0|
|Fees on withdrawal||$0|
|Inactivity fees||$10/m. After 12 months of inactivity $15 one-off administration fee followed by $10 monthly|
|Minimum account activation||$0|
|Number of available assets||2255 Including 21 Futures|
|Leverage up to||1:200|
|Available trading markets||CFDs on Stocks, Commodities, Cryptocurrencies, Forex, Futures, Indices|
|Account currencies||EUR, USD, GBP, AUD, CHF, JPY, PLN, ZAR. Clients of FxPro UK Limited may open a trading account in USD, EUR, GBP, AUD, CHF, JPY and PLN.|
|Live account types||MT4 Instant & MT4 Fixed, FxPro MT4, FxPro MT5, FxPro cTrader, FxPro Platform|
|Negative balance protection||Yes|
|Part of compensation fund||Yes|
|Keeps funds on segregated bank account||Yes|
|Fees & spread|
|Platforms||MetaTrader 4, MetaTrader 5, cTrader, FxPro Platform|
|Mobile trading support||Yes|
|Mac device support||Yes|
|Payment methods||Bank Transfer, Broker to Broker, Credit/Debit Card, Neteller, Skrill|
|Minimum deposit||Bank Transfer, Broker to Broker, Credit/Debit Card, Neteller, Skrill|
|Minimum withdrawal||Bank Transfer, Broker to Broker, Credit/Debit Card, Neteller, Skrill|
|Withdrawal processing time||Up to 10 minutes. Withdrawals take up to 1 business day|
|Time to open an account||-|