FXPro Review and Tutorial 2018

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FXPro Facts & Figures

Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.

Demo AccountYes
Min. Deposit$100
Min. Trade$2
Regulated ByFCA
MT4 IntegrationYes
Mobile AppsiOS, Android and Windows
Trade SignalsNo
Islamic AccountNo
FTSE Spread1.7 Pts
GBPUSD Spread1.9 Pips
Oil Spread0.03
Stocks Spread0.2%
GBPUSD Spread1.9 pips
EURUSD Spread1.3 pips
GBPEUR Spread1.7 pips
Risk Warning – Your capital is at risk

FxPro UK is part of the FxPro Group that was established in 2006. The Group consists of several other sister companies such as FxPro Financial Services Ltd, FxPro Global Markets MENA Limited and FxPro Global Markets Limited. Although these sister companies are all operating in different jurisdictions, the one thing that they have in common is the fact that they are all using the FxPro brand.

The main reason for having different sister companies under the same brand all operating in different jurisdictions, is the commitment by the company to comply with all domestic regulatory requirements. This helps to ensure that their clients’ legal interests are well protected by legislations no matter where they are based.

Regulation & Reputation

As mentioned above, the FxPro brand is managed by different companies in different jurisdictions. Hence it goes to explain why FxPro has several operating licenses issued by different regulatory authorities. For Europe, clients are serviced by FxPro Financial Services Limited. The company has a MiFID compliant license no. 078/07 issued by the Cyprus Securities and Exchange Commission (CySEC).

It is also authorised by the South African Financial Services Board (FSB) under the authorisation no. 45052. In the UK, FxPro UK Ltd is under the regulatory oversight of the Financial Conduct Authority (FCA). For Dubai, FxPro Global Markets MENA Ltd is regulated by the Dubai Financial Services Authority. For FxPro Global Markets Ltd’s operations, they come under the regulatory oversight of the Securities Commission of the Bahamas (SCB) under the license no. SIA-F184.

For proper regulatory oversight, FxPro is able to give its clients the confidence that their money will be safe. In addition to the legal protection provided by regulatory oversight, the firm is able to offer traders in UK protection of their funds in the event the broker is faced with insolvency. Under the UK’s Financial Services Compensation Scheme, a trader can file compensation up to a maximum of 50,000 pounds.

Investors in Europe are also protected with a similar scheme under the Investor Compensation Fund managed by CySEC. Under this scheme, clients of FxPro are covered up to 20,000 euros should the firm ever be unable to fulfil its contractual obligations.

Trading Platform

FXPro Trading Platforms

MetaTrader Platforms

This broker offers its clients a wide selection of trading platforms. The mainstay of FxPro trading platforms are the MetaTrader 4 and MetaTrader 5 platforms. These platforms are well liked by brokers and traders alike as they have been proven to be reliable and efficient.

For traders, the MetaTrader are the preferred platforms as they come with numerous integrated trading tools that are of a great help in taking their trading abilities to the next level. For example, the MT4 supports automated trading though the use of Expert Advisors. The platforms also support multiple order types and have negative balance protection ensuring that their traders will never lose more than what they invested.

FxPro cTrader

Apart from the MetaTrader 4 and 5 trading platforms, FxPro has also provided its clients with the cTrader trading platform. The cTrader platform was designed specifically for CFD traders to allow them to place orders while having full view of the market depth. Regardless of where the BID and ASK prices are derived from, FxPro cTraders can be assured of the best available quotes on this trading platform.

FxPro Markets

The latest addition to the suite of trading platforms, the Markets trading platform is a web based platform that boasts of competitive pricing and superior execution. This platform was designed to meet the trading needs of traders that do not wish to download and install any trading software onto their desktop computers. It comes with features such as one click trading, advanced charts and a wide range of technical indicators.

Algo Trading Platforms

In addition to the standard trading platforms, FxPro has also provided suitable trading platforms for traders who want automation and algorithmic trading strategies. To satisfy the needs of this group of clients, the firm has provided them with the cAlgo and FxPro Quant Strategy Builder. These two platforms will allow more sophisticated traders to formalise their trading strategies based on the trading parameters specified by them.

AlgoTrading FXPro

Mobile Trading

Even the trading needs of traders who are often unable to access their trading terminals are well looked after by this brand. The provision of mobile trading apps which can be downloaded from the iOS App Store and Google Play will enable FxPro’s clients to trade the markets from their smartphones or mobile devices. Now, no longer will online traders be bound to their desktop computers in order to for them to monitor the financial markets.

Trading Accounts Types

In terms of the choice of trading accounts, there are 4 main types of trading accounts, FxPro MT4, FxPro MT5, FxPro cTrader and FxPro Markets. There is no minimum deposit requirement for these accounts per se. However, the firm do recommend their clients to fund their trading accounts with a minimum of $500.

Account Options

Bonuses & Promos

Currently, FxPro does not have any kind of promotional offers or bonuses.


The assets that are available for trading consist of CFDs for currency pairs, Futures, stocks, spot Market indices, Spot Metals and Spot Energies. The minimum applicable spread depends largely on the type of trading account that the trader is trading from as well as the type of asset traded. For FxPro MT4 account, the minimum spread is 1.2 pips (market execution). For the MT5 account and FxPro cTrader account, the minimum spreads are 1.4 pips and 0.3 pips. As for the Markets account, the minimum spread is 1.2 pips.

Customer Support

As an international broker serving traders from all over the whole, FxPro has made their website and customer support available in more than a dozen different languages. For traders who require live support, they can contact the support team through email, live chat or the telephone. They can also request a callback as well. The support hours are 24 hours a day 5 days a week from Sunday 11pm to Friday 12am.

Deposit & Withdrawal

As for the funding of trading accounts, FxPro’s clients can fund their trading accounts through a variety of methods such as bank wire transfer, credit cards, eWallets and from broker to broker. For eWallets, you can use PayPal, Skrill, Neteller and UnionPay.

Is FxPro Best For Day Trading?

One of the key factors that makes this brand suitable for day traders is the fact that they support trading for a wide range of asset classes. In total, 6 different types of asset classes are supported. In addition, the provision of reliable and efficient trading platforms such as the MT4 and MT5 helps to ensure all trades are executed properly and promptly. The fact that they also support Algo trading is a major plus point especially when you are trading in a fast paced market.


What is the minimum deposit requirement to open a trading account?

There is no specific minimum deposit requirement at FxPro. Traders are recommended to deposit a minimum of $500 however.

How fast can my withdrawal request be processed?

The average processing time for a withdrawal request is one business day.

Is FxPro a reliable broker?

Yes. FxPro is a reliable broker. The broker is regulated in multiple jurisdictions showing that they are serious in earning the trust of their clients.

What kind of trading platform are available?

The firm provides 4 main types of trading platforms. They include the MT4, MT5,  cTrader and Markets. In addition to these 4 mainstream trading platforms, FxPro has also provided experienced traders with the cAlgo and Quant Strategy Builder platforms.

What is the maximum leverage?

The maximum available leverage is 1:500.

Accepted Countries

FXPro accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use FXPro from Iran, United States, Canada, Zimbabwe, Myanmar, New Zealand, Iraq.

Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.