FxPro

FxPro is an online forex and CFD broker registered in the United Kingdom, with its official headquarters at 13/14 Basinghall Street, City of London, EC2V 5BQ. Established on 30 March 2022, the broker operates under multiple regulatory licenses, including CySEC (Cyprus), FCA (UK), FSCA (South Africa), and SCB (Bahamas). These licenses cover a range of activities: CySEC authorizes Market Making (MM), FCA provides an Execution (STP) license, while FSCA and SCB hold Derivatives Trading licenses (EP and MM respectively).

The broker offers a diverse array of trading instruments, including forex, metals, indices, energy, futures, and cryptocurrencies. Stocks and ETFs are also available through the MT5 platform. FxPro aims to serve both retail and professional traders by providing multiple account types and advanced trading platforms. Its regulatory framework positions it as a multi-licensed entity subject to oversight in several jurisdictions.

FxPro holds four regulatory licenses, each with specific permissions. The CySEC license (Market Making) allows the broker to operate as a market maker within the EU. The FCA license (Execution STP) permits retail forex and CFD trading in the UK, requiring adherence to strict client money rules and leverage limits. The FSCA license (Derivatives Trading EP) covers South African clients, while the SCB license (Derivatives Trading MM) extends operations to the Bahamas.

While multiple licenses suggest a commitment to compliance, traders should note that regulatory protections vary by entity. UK and EU clients benefit from negative balance protection and segregated accounts, whereas clients under the SCB may have fewer safeguards. The broker's presence in multiple jurisdictions indicates a global client base, but potential traders should verify which legal entity serves their region.

FxPro provides three main account types: the cTrader account, the Raw+ account (available on MT4 and MT5), and the Standard account (also on MT4/5). Each account is tailored to different trading styles. The cTrader account is known for raw spreads and a commission-based pricing model, appealing to scalpers and algorithmic traders. The Raw+ account offers raw spreads with a commission per lot, while the Standard account features fixed spreads with no commission, suitable for beginners.

Although specific minimum deposit figures are not provided in our records, the broker typically sets low entry requirements for Standard accounts and higher thresholds for Raw+ and cTrader accounts. Leverage maximums are also not specified here, but they vary by regulatory jurisdiction—typically up to 30:1 for major pairs under FCA and CySEC, and potentially higher under SCB. Traders should consult the broker's website for current margin requirements.

FxPro supports a wide selection of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, its proprietary FxPro WebTrader, and a mobile app. MT4 remains popular for forex trading and automated strategies via Expert Advisors, while MT5 offers additional asset classes like stocks and futures. cTrader is favored for its advanced order management and depth of market. The proprietary platform provides a streamlined, web-based experience.

Instrument coverage is extensive, encompassing over 70 currency pairs, major precious metals such as gold and silver, indices like the S&P 500, energy contracts including crude oil and natural gas, futures on commodities, and a selection of cryptocurrencies like Bitcoin and Ethereum. The addition of stocks and ETFs on MT5 broadens the broker's appeal to equity traders. All instruments are available as CFDs, allowing leveraged trading.

FxPro accepts multiple deposit and withdrawal methods, including bank wires, credit/debit cards, and e-wallets such as Skrill, Neteller, and PayPal. The broker processes withdrawals efficiently, typically within one business day for e-wallets. There are no deposit fees, and FxPro covers withdrawal fees under certain conditions.

Client support is available via live chat, email, and phone, with multilingual assistance. The broker maintains active social media profiles on Facebook, Instagram, LinkedIn, and YouTube, providing educational content and market analysis. While support hours are not detailed, regulatory standards require prompt response times. Traders should test the support channels before committing funds.

FxPro caters to a broad audience, from novice traders seeking a straightforward Standard account to experienced professionals requiring raw spreads and multiple platforms. The availability of PAMM accounts also appeals to investors who prefer passive management. However, due to the high leverage options under certain regulators, traders with low risk tolerance should exercise caution.

The broker is best suited for traders who value a regulated environment with a wide range of instruments and platforms. Conversely, it may not be ideal for those seeking ultra-low spreads without commission, as the Standard account's fixed spreads may be wider than those of some competitors. Additionally, traders in jurisdictions with strict leverage limits may find the offerings constrained.