FxPro is a globally recognized forex and CFD broker that has served both retail and institutional clients since 2006. With multiple regulatory licenses and a broad asset offering, FxPro positions itself as a reliable broker catering to traders seeking multi-platform access, competitive spreads, and solid execution speeds. This article explores FxPro’s key features, pros and cons, how to register and trade, funding and withdrawal options, and viable alternatives.
What is FxPro?
FxPro is a UK-based online broker that offers forex and CFD trading services across multiple financial instruments including currencies, commodities, indices, shares, and futures. It is operated by FxPro Group Ltd and holds regulatory licenses from leading authorities such as:
- FCA (UK)
- CySEC (Cyprus)
- FSCA (South Africa)
- SCB (Bahamas)
FxPro is known for offering a selection of trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and FxPro Edge, catering to a diverse range of traders from scalpers to institutional investors.
FxPro Pros and Cons
✅ Pros
- Regulated by Top-tier Authorities: Licensed by FCA, CySEC, FSCA, and SCB.
- Multiple Trading Platforms: MT4, MT5, cTrader, and proprietary FxPro Edge.
- No Dealing Desk Execution (NDD): Orders are executed without dealer intervention.
- Fast Order Execution: Average execution speed under 14 ms.
- Negative Balance Protection: Provided under regulatory regimes.
- Wide Range of Instruments: Over 2,100 instruments including forex, indices, shares, metals, and crypto.
- Free Demo Accounts: Unlimited usage for platform and strategy testing.
❌ Cons
- Inactivity Fees: $15 after 12 months of no trading activity.
- Limited Educational Resources: Compared to some brokers, the education section is modest.
- Crypto Restrictions (under some jurisdictions): Not available in certain regulatory zones.
- No Copy Trading Feature: Unlike competitors, lacks built-in social trading tools.
- Spreads Not Always the Lowest: Especially on standard MT4 accounts.
FxPro Features
FxPro offers a powerful suite of features tailored to a wide range of trading needs:
Feature | Description |
---|---|
Platforms | MT4, MT5, cTrader, FxPro Edge |
Account Types | Standard, Raw Spread, Commission-based |
Leverage | Up to 1:500 (varies by jurisdiction and instrument) |
Minimum Deposit | $100 (recommended: $500+) |
Spreads | From 0.0 pips (Raw account) |
Execution Model | No Dealing Desk (NDD), market execution |
Deposit/Withdrawal Fees | None from FxPro side |
Demo Account | Yes |
Trading Instruments | Forex, shares, indices, metals, energies, futures, cryptocurrencies |
Tools | Economic calendar, trading calculators, VPS |
How to Open an Account at FxPro
Opening an account at FxPro is straightforward. Here are the steps:
-
Visit the Official FxPro Website
Navigate to www.fxpro.com and click on “Register” or “Open Account”. -
Fill Out Personal Details
Provide your full name, email, country, and phone number. -
Set Login Credentials
Create a secure password and choose your preferred platform and base currency. -
Provide Financial Information
Answer questions regarding income level, trading experience, and financial knowledge. -
Upload Identification Documents
Required for KYC verification (see below). -
Wait for Approval
Once verified, you will gain access to the trading portal.
FxPro Registration and KYC
FxPro is fully compliant with global Anti-Money Laundering (AML) and Know Your Customer (KYC) laws. Here’s what’s needed:
Required Documents:
- Proof of Identity: Government-issued ID (passport, national ID, driver’s license)
- Proof of Address: Utility bill or bank statement (dated within 3 months)
Verification Timeline:
-
Most accounts are verified within 24 to 48 hours, although delays may occur based on document quality or jurisdiction.
How to Deposit Funds at FxPro
Depositing funds into FxPro is secure and simple:
Supported Payment Methods:
- Bank Transfer
- Credit/Debit Cards
- PayPal
- Skrill
- Neteller
- UnionPay
Steps:
- Log into your FxPro Direct dashboard.
- Click on “Deposit”.
- Choose your preferred method.
- Enter the deposit amount.
- Complete the transaction.
Processing Time:
- Instant for most e-wallets and cards.
- 1–3 business days for bank wires.
Fees:
-
Zero deposit fees from FxPro. However, third-party provider charges may apply.
How to Trade on FxPro
Trading with FxPro involves a few simple steps:
- Log into your trading platform (MT4, MT5, cTrader, or FxPro Edge).
- Search for an instrument (e.g., EUR/USD, Apple, Gold).
- Analyze the chart using indicators and tools.
- Place your order: Choose buy/sell, lot size, stop loss, take profit.
- Monitor and manage trades: Use tools like trailing stops or adjust your positions as needed.
Key Tools:
- Technical Indicators: RSI, MACD, Bollinger Bands, etc.
- News Feed: Integrated market updates.
- One-click Trading: Available on all platforms.
How to Withdraw from FxPro
FxPro allows fast and secure withdrawals via the same method used to deposit.
Withdrawal Steps:
- Go to your FxPro Direct dashboard.
- Click on Withdraw.
- Choose your withdrawal method.
- Enter the amount and submit.
Processing Time:
- E-wallets: Within 24 hours.
- Bank Cards: 3–5 business days.
- Bank Transfers: 3–7 business days.
Fees:
-
No withdrawal fees by FxPro. Your bank or payment processor may charge a fee.
FxPro Alternatives
If FxPro doesn’t fully meet your needs, here are some comparable alternatives:
Broker | Features | Regulation | Best For |
---|---|---|---|
IC Markets | Raw spreads, ECN model | ASIC, CySEC | Scalpers & algorithmic traders |
Pepperstone | cTrader & MT4/MT5, social trading | ASIC, FCA | Low-cost trading |
XM | Low minimum deposit, good education | ASIC, CySEC | Beginners |
IG | Wide range of instruments | FCA, ASIC | Advanced traders |
eToro | Copy trading, crypto access | FCA, CySEC | Social trading |
Conclusion
FxPro stands out as a robust and well-regulated broker with extensive platform support, multiple asset classes, and fast execution speeds. While it may not offer the most advanced educational tools or social trading features, its competitive pricing, reliability, and strong regulatory backing make it a top choice for intermediate to advanced traders.
Whether you’re looking to trade forex, indices, or commodities, FxPro offers the infrastructure and support necessary for a smooth trading experience. Beginners may need to complement FxPro’s offerings with external educational content, but experienced traders will appreciate the precision and flexibility it provides.
Frequently Asked Questions (FAQ)
1. Is FxPro a regulated broker?
Yes. FxPro is regulated by multiple top-tier financial authorities, including the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and SCB (Bahamas). These licenses ensure compliance with international standards of client protection, fund segregation, and fair trading practices.
2. What is the minimum deposit required to open an account?
The minimum deposit is $100, but FxPro recommends starting with at least $500 for sufficient margin and better trade management.
3. What trading platforms does FxPro support?
FxPro supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and its proprietary FxPro Edge platform. Each platform is tailored to different types of traders, from manual traders to algorithmic and scalpers.
4. Are there any fees for deposits or withdrawals?
FxPro does not charge any fees for deposits or withdrawals. However, your bank or payment provider may impose processing charges.
5. Can I use a demo account before trading live?
Yes. FxPro offers a free and unlimited demo account on all platforms. It’s ideal for beginners and experienced traders to test strategies and become familiar with the platform.