FXPro Broker Review For 2023

FXPro Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	CySEC, FCA, FSCA
💰 Minimum Deposit	$100 (40,000 Naira)
💳 Deposit Options	VISA, MasterCard, Bank Wire, AdvCash, Neteller, Skrill, GenialBanco, & more.
💳 Withdrawal Options	VISA, MasterCard, Bank Wire, AdvCash, Neteller, Skrill, GenialBanco, & more.
📌Open an account	Start Trading With FXPro

Our Opinion About FXPro

FXPro is an online broker. They are a regulated forex company with licences from some of the top financial authorities in the world.. They were first launched in 2006 and now offer forex trading services to clients in more than 170 countries worldwide. They take client fund protection very seriously, providing a secure trading environment, and a high level of client fund protection.

FXPro offers excellent online trading accounts. They give traders in Europe access to several different financial markets – including forex, stocks, indices, and commodities. FXPro also offers traders in Europe the opportunity to access some great trading conditions including low minimum deposits, low spreads, and zero commissions. These are great trading setups for both new and experienced forex traders.

FXPro also has first-rate trading technology and offers a wide range of helpful tools. They give you access to world-class online trading platforms – including the MetaTrader4 and MetraTrader5 trading platforms. They give you access to other helpful resources – including chart indicators, economic calendars, trading calculators, and market research. This means that, if you open an account with FXPro, you should have everything you need to start trading the financial markets.

Regulation And Safety

FXPro is a licensed broker. They have obtained licences from several different regulatory authorities around the world. This means that they operate in more markets and offer their trading services in over 170 countries around the world. Here is a list of their licences and registrations.

• UK – FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956).
• Cyprus -FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07).
• Bahamas – FxPro Global Markets Limited is authorised and regulated by the Securities Commission of The Bahamas (licence no. SIA-F184).
• South Africa – FxPro Financial Services Limited is authorised by the Financial Sector Conduct Authority (‘FSCA’) (authorisation no. 45052).

Regulation in Europe

Forex traders in Europe can register under the FxPro Financial Services Limited, which is authorised and regulated by the Cyprus Securities and Exchange Commission, under licence no. 078/07. As such, traders in Europe can benefit from many important client fund protection measures. For example, FXPro will guarantee that your net equity never falls below 50 percent. They will also guarantee that you benefit from negative balance protection and that your account never goes into debt.

Fund Safety

As a regulated broker, FXPro ensures that it has robust client fund protection policies in place. For example, they operate using segregated accounts. This means that they keep client funds separate from their own company funds. This ensures that FxPro can never try to use client funds for company purposes.

In addition, FXPro seeks out additional external protection policies. For example, FXPro UK Limited is a member of the Financial Services Compensation Scheme (FSCS) and FxPro Financial Services Limited is a member of the Investor Compensation Fund (ICF). This means that, if FXPro ever closes unexpectedly due to bankruptcy, then some of their forex traders will also benefit from additional client fund protection.

FXPro Forex Awards

FXPro has an excellent great reputation with the forex industry. It is a well-established and highly-regarded business. They won over 50 forex industry awards for their services including best forex provider, best forex broker, and best forex trading tools.For example, some of their most recent awards include Best Broker 2021 UK (Ultimate Fintech Awards), Best Forex Provider 2021 (Online Personal Wealth Awards), and Best Trading Platform 2020 (Investors Chronicle & Financial Times).

FXPro: Legit Or Scam?

FXPro is a legit forex broker. They were first launched in 2006 and have been providing forex trading services for many. They operate on a global scale. As a leading brand, FXPro is trusted by traders worldwide and has a large client base in Europe. They are licensed by the best regulatory authorities in the world and abide by the legal guidelines. In addition, FXPro provides great account types, transparent trading conditions, and low trading costs. In our opinion, they are a reliable forex broker.

FXPro Trading Assets

FXPro offers trading on 2000+ different financial assets. They have a wide choice of forex, shares, indices, futures, metals, and energy products.

FXPro Trading Instruments

• Forex: They have many major, minor, and exotic forex pairs.
• Shares: They have major brands such as Meta, Twitter, Google, Tesla, and Apple.
• Futures: They have Future CFDs including commodities, indices and energies.
• Indices: They provide spot trading on the S&P500, the Nasdaq100, and the FTSE100.
• Spot Metals: They provide spot trading on gold, silver, and platinum.
• Spot Energies: They offer different spot energies such as Brent and WTI.

FXPro Account Types

FXPro has several account types. As part of our FXPro forex broker review, we checked both their account types and their trading conditions. What’s great about all their trading accounts is that they all come with deep liquidity and fast trade execution.. They also come with good leverage and low costs.

Type	Spreads	Min. Deposit	Max. Leverage	Commission
MT4	From 1.7 pips	$100	1:200	$0
MT4 Instant	From 1.8 pips	$100	1:200	$0
MT5	From 1.6 pips	$100	1:200	$0
cTrader	From 0.3 pips	$200	1:200	$9 per lot
FXPro Edge	From 1.7 pips	$100	1:200	$0

MT4 Account

The FXPro MT4 Account is a good option for new forex traders in Europe. It gives you access to some great trading conditions including an average spread of 1.71 pips on EUR/USD. Plus, there are no commissions! It also gives you access to good leverage and you can trade with up to 1:30 on forex pairs. The FXPro minimum deposit for the MT4 Account is $100 and the base currency is USD. The trading account is only available on MetaTrader4.

MT4 Instant Account

The MT4 Instant Account is a great choice for beginner traders in Europe. It gives you access to low trading costs, with an average spread of 1.84 pips on EUR/USD, and $0 commissions. It also provides access to good leverage and you can trade with up to 1:30 on currency pairs. Plus, you can trade in micro lots! The FXPro minimum deposit for the MT4 Instant Account is $100 and the base currency is USD. This trading account is also only available on MetaTrader4.

MT5 Account

The MT5 Account is a good option for intermediate traders in Europe. It comes with many great benefits including zero commissions and an average spread of 1.65 pips on EUR/USD. It also gives you access to decent leverage, and you can trade with up to 1:30 leverage on forex pairs. The FXPro minimum deposit for an MT5 account is $100 and the base currency is USD. The trading account is only available on MetaTrader5.

cTrader Account

The cTrader Account is another great choice for more experienced forex traders. It gives you access to low-cost trading, with an average spread of 0.31 pips on EUR/USD, and an average commission of $9 per lot. It also gives you access to a large number of trading instruments including forex, metals, indices, and energies. The leverage is in line with other accounts and you can trade with up to 1:30 on forex pairs. The FXPro minimum deposit for the cTrader account is $100 and the base currency is USD. The account is only available on cTrader.

FXPro (EDGE) Account

The FXPro Edge Account is a good choice for expert forex traders. It comes with very competitive pricing. For example, it has an average spread of 1.71 pips on EUR/USD, as well as zero commission trading. There is a choice of trading instruments including forex, metals, indices, and energies. The leverage is similar across all accounts and it comes with leverage of up to 1:30 on forex pairs.. The FXPro minimum deposit for the FXPro Edge account is $100 and the base currency is USD. The account is only available on FXPro’s proprietary Edge trading platform.

FXPro Demo Accounts

FXPro has a demo forex trading account for new traders. This is a really helpful resource that can help you get the skills you need to trade successfully. For example, with a demo trading account you can learn how to use your trading tools and try out different forex trading strategies. You can also learn more about how the financial markets work and what forex trading actually involves. The account uses virtual money, instead of real money, and provides a risk-free trading environment.

FXPro Islamic Account

The FXPro provides Islamic swap-free trading versions of their trading accounts.. If you’d prefer to trade using a swap-free version, you can select this option when opening your online trading account. It’s worth taking into account though that additional commission fees may still apply.

Base Currencies

They offer USD, EUR, GBP, JPY, PLN, CHF, AUD,, and ZAR as base currencies.

FXPro Registration: How To Open An Account

As part of our FXPro broker review, we tested their online registration process. If you live in Europe, then you can register for an online trading account with FXPro. The process is quite simple and you can open an account fairly quickly. The first step is to go to their website and complete the online registration form. This is so that they can get your personal details and start creating your account. You also need to provide an email address and password. These will be the login details for your account.

The next step is to take a short forex trading quiz. This is so that they can see what you already know about forex trading and determine if their services are suitable for you. If you pass the test, then you can proceed with your account application. The final step is to complete the KYC (Know Your Customer) process, submit copies of the requested documents, and choose your account type. This is so that FXPro can carry out their regulatory checks and approve your trading account. After that, you can deposit money, using your chosen FXPro payment method, and begin trading.

FXPro Registration: How To Verify An Account

To open a live trading account, you need to go through the KYC process, also sometimes known as account verification process. The KYC process is a legal requirement and enables forex companies to confirm your identity. The process is quite easy. They will ask for a proof of ID and a proof of address. You can send them copies of your National ID card, Passport or Driving License. You can also send them copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.

FXPro Spreads

FXPro is one of the top brokers in Europe when it comes to spreads. The MT4, MT5, and FxPro Edge accounts all have tight spreads and zero commissions. For example, the minimum spread is therefore 1.4 for the MT4 account, 1.52 for the MT5 account, 1.41 for the Edge account. However, the cTrader Account gives you access to slightly better spreads. However, this is because they charge a small commission fee. The minimum spread is currently 0.31 on the cTrader account.

FXPro Commission

FXPro is also one of top brokers in Europe when it comes to trading commissions. The MT4, MT5, and FXPro Edge accounts have low spreads and zero commissions. This enables you to minimise your trading costs on accounts. However, the cTrader account offers even lower spreads in exchange for a small commission fee. This enables you to trade with consistent fees of around $9 commission per lot.

FXPro Deposits

As part of our FXPro broker review, we took a look at what deposit methods you can use to fund an FXPro account.. There are several different deposit options available, which is very convenient.

Deposit Method

You can deposit money using debit card, credit card, and bank wire transfer. You can also deposit money using PayPal, Neteller, Skrill, depending on where in Europe you live. Their deposits are also free of charge, which can help keep non-trading costs down. They process transactions quite quickly, and this makes things easier, especially when you’re opening an account for the first time.

Minimum Deposit

The FXPro minimum deposit is $100 or the equivalent amount in other currencies.

FXPro Withdrawals

As part of our FXPro withdrawal review, we had a look at what withdrawal methods are available. FXPro offers good withdrawal methods and standard withdrawal times.

Withdrawal Methods

FXPro offers several convenient withdrawal methods including debit card, credit card, and bank wire transfer. It also offers other deposit options including PayPal, Neteller, Skrill, depending on your country of residence. The average withdrawal time for a debit card and credit card withdrawal is around 10 minutes. However, the deposit time for bank wire transfers may be longer.

Withdrawal Fees

FXPro does not usually charge withdrawal fees. However, it does have some non-trading fees, which might lead to extra charges. For example, there is usually a fee for withdrawals if you withdraw your money without trading.

Maximum Withdrawal

The maximum withdrawal amount is $10,000.

FXPro Trading Platforms

FXPro has a great range of trading platforms. You can choose fromMetaTrader4, MetaTrader5, cTrader and their own FxPro trading platform.

MetaTrader4 (MT4) is a great option for new forex traders in Europe. It has a simple design and is fairly easy to use. You can use it to access many different trading instruments including forex, indices, and stocks. It also has charting tools, 4 order execution types, 30 technical indicators and 23 analytical objects. You can use it to plan and implement your trading strategies.

MetaTrader5 (MT5) is also another nice option for forex traders in Europe. It has a simple interface and comes with built-in trading tools. As with MetaTrader4, you can use it to access all of your favourite markets, including forex, energies and metals. It also has a nice range of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects. You can use it to analyse the markets and manage your trades.

cTrader is a less well-known but equally powerful trading platform. It has a simple layout that is easy to navigate. As with MT4 and MT5, you can use it to trade a large number of CFD trading instruments including forex, metals, and stocks. cTrader comes with 6 order types, 55 technical indicators, an economic calendar, and market sentiment tools. You can easily use it to look for price trends and tp implement your trades.

FXPro has their own trading platform. It has a customisable layout and two different design themes. As with the other trading platforms, you can use it to trade any of the available FxPro trading instruments. It comes with 6 order types, 50+ technical indicators, and many helpful charting tools, so you can easily use it to trade. As it is their proprietary trading platform, FxPro also ensures it works well on all devices.

Trading Tools

FXPro has a large number of free trading tools. On the FXPro trading dashboard, you can find plenty of helpful resources including a currency movers chart, a price ticker chart, and a client position chart. These tools will enable you to look at current price movements and to understand how other traders are approaching the forex market. You can also find a positions volume chart, a price volatility chart, and an economic calendar. These tools will enable you to stay on top of economic data releases and understand how they are impacting the financial markets. On their trading calculator pages, you will also find a free ‘all-in-one’ calculator. This calculator will enable you to plan your trades based on your suggested trading instrument, leverage, and position size.

FxPro VPS Services

FXPro does also have a VPS service. However, this service is only available to a limited number of traders, depending on their account type. The FxPro Virtual Private Server (Forex VPS) enables you to run your MT4 Expert Advisors 24 hours a day. This means you can benefit from more uptime and better overall connectivity, as well as a smoother and faster online trading experience.

Forex Education

As part of our FXPro review, we took at the educational materials and what learning resources they have available for new and intermediate traders. FXPro has several free online courses. Their forex trading courses cover the basic topics and they are great for new traders looking to learn how the market works. FXPro also has a few helpful video tutorials that will show you how to register for a trading account, how to verify your profile, and how to deposit money into your account.

FXPro Trading Hours

FXPro operates during standard trading hours. You can open trading positions whenever the forex market is open. Trading hours may be different on public holidays.

FxPro Customer Support

FXPro has a nice customer service team. They are quick to respond and will help you with any questions you have about your account. They are available during working hours, Monday to Friday. You can reach them via email, phone and live chat.

Our Verdict

FxPro is a regulated forex broker. They have great account types and trading conditions, as well as deep liquidity and fast trade execution. They give you the opportunity to trade a wide range of trading instruments, as well as access to some of the top trading platforms in the forex industry. As such, they are a good choice for new traders.

As a licensed forex company, they have a secure online trading environment and have robust client fund protection measures in place . They also have good forex education and helpful trading support. FXPro offers a wealth of learning materials, as well as extensive market research, and useful trading tools. As such, they are a great option for new forex traders in Europe.

FXPro Forex Broker Review FAQ

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