FxPro

FxPro is a forex and CFD broker established in 2006 and headquartered in London, United Kingdom. The company operates under the full legal name FXPRO UK Limited and holds multiple regulatory licenses, including authorization from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CYSEC), and the Seychelles Financial Services Authority (FSA). With a presence spanning over 170 countries and a client base of more than 11 million, FxPro positions itself as a well-established player in the online trading industry.

The broker offers a range of trading instruments, including forex, crypto CFDs, metals, indices, futures, energy, and shares. It provides access to multiple trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and its own proprietary FxPro WebTrader and mobile app. The company also maintains an educational hub aimed at both novice and experienced traders.

FxPro is regulated by three distinct authorities, each covering different jurisdictions. The FCA license (no. 509956) is a top-tier regulation requiring strict compliance with UK financial rules, including negative balance protection and participation in the Financial Services Compensation Scheme (FSCS). The CYSEC license (no. 078/07) allows the broker to serve clients within the European Economic Area under MiFID II. The FSA license (no. SD120) is an offshore regulation based in Seychelles, typically used for international clients outside the EU and UK.

It is important to note that the level of investor protection varies by entity. Clients under the FCA benefit from the highest protections, while those under the FSA have less recourse. The broker’s registered address is at 80 Coleman Street, EC2R 5BJ London, UK.

FxPro offers three main account types: Elite, Raw+, and Standard. The Elite and Raw+ accounts are designed for traders seeking tighter spreads and are compatible with MT4, MT5, and cTrader platforms. The Raw+ account features spreads from 0 pips on major FX pairs with a commission of $3.50 per side per lot; the Elite account also has spreads from 0 pips with no disclosed commission. The Standard account is commission-free with spreads starting from 1.2 pips on majors. Minimum deposit requirements are not publicly specified.

All accounts support hedging and scalping, and leverage is not explicitly stated in the provided data but is typically subject to regulatory limits (e.g., 30:1 for major forex pairs under ESMA). The broker does not publicly disclose complete details on deposit or withdrawal methods, nor a full list of tradable instruments beyond general categories.

FxPro provides access to four major trading platforms: MetaTrader 4, MetaTrader 5, cTrader, and its own FxPro WebTrader and mobile applications. MT4 and MT5 are widely recognized for their advanced charting tools, automated trading via Expert Advisors (EAs), and extensive community support. cTrader is known for its user-friendly interface and depth of market transparency. The proprietary FxPro platforms offer a streamlined experience with essential trading features.

The broker does not charge for platform usage, and all platforms are available for demo and live accounts. Order types include market, limit, and stop orders, and execution is generally NDD (No Dealing Desk) for the Raw+ and Elite accounts, while Standard accounts may operate on a market maker model depending on the entity.

FxPro offers a diverse range of tradable instruments covering forex pairs (majors, minors, and exotics), cryptocurrency CFDs (including Bitcoin, Ethereum, and others), precious metals (gold, silver), indices (e.g., S&P 500, FTSE 100), futures, energy (crude oil, natural gas), and individual shares. The exact number of instruments is not specified in the provided data, but the broker highlights access to global markets.

Spreads and commissions vary by account type and instrument. The broker claims narrow spreads on Raw+ accounts, while Standard account spreads are wider but commission-free. Leverage is subject to regulatory caps and client categorization (retail vs. professional).

FxPro caters to a wide range of traders, from beginners to professionals. The educational hub provides webinars, articles, and video tutorials suitable for newcomers, while advanced traders may benefit from the multi-platform support and low spreads on Raw+ accounts. The broker also offers an affiliate program and Islamic (swap-free) accounts upon request.

However, user reviews indicate significant dissatisfaction with customer support and withdrawal processes, which may affect suitability for risk-averse traders. The broker is best suited for traders who prioritize platform variety and are comfortable managing potential administrative hurdles.