Home » Brokers » FxPro Reviews

FxPro Reviews

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

FxPro competes with other top brokers in its brokerage services. It offers multiple platforms with slightly different features leaving you to choose which is best for you. The broker offers both MetaTrader 4 and 5, which makes it attractive to different traders. 

In this article, I will describe some of the broker’s features and why the broker should be a good choice for beginner and professional traders.


FxPro was founded in 2006 by Denis Sukhotin with its headquarters in Karyatidon 1, Ypsonas 4180, Cyprus. It also has other offices in Cyprus, United Kingdom, Bahamas, and Monaco. The company has successfully expanded its retail and institutional trading services to more than 170 countries. FxPro became authorized and regulated by CySEC in 2007, FCA in 2010, and FSCA in 2015. [1]

The no dealing desk execution broker offers balanced trading conditions, excellent execution technology. You can trade CFD on a wide range of instruments, including forex pairs, stocks, metals, futures, energies and indices, and cryptocurrencies.

Free deposit and withdrawal 
Wide range of asset class
Active customer support 
Well regulated 
High commissions for some stock CFDs
The broker charges inactivity fee

Who is FxPro for? 

The broker offers free education that can help beginners get into trading and also has a platform that is easy to use. For this reason, I think that beginner traders will find them useful. We consider it a suitable platform for professionals as well due to its research tools, a wide range of instruments, professional platform, and many other qualities. 

So far, I have found the mobile and web versions are also reliable, which means that traders can trade from either of these platforms. 

Traders who are interested in using expert advisors will also be able to trade here. Expert advisors are compatible with the FxPro MT4, MT5, and traders.

Those who do not have trading experience can also profit through the copy trading program.

For this, I will conclude that the broker is suitable for all traders, no matter your level of knowledge or style of trading.

Rating: 4.5/5

Is FxPro Safe? 

FxPro is safe to trade with. The broker is transparent and has provisions for clients’ fund protection. The broker is also regulated in different jurisdictions. It is regulated in the United Kingdom by FCA, Cyprus by CySEC, South Africa by FSCA, and in the Bahamas by SCB. [2]

Rating: 4.5/5

Year founded:2006
Publicly traded: No
Licenses: FCA, CySEC, FSCA, SCB
Backlist: No

Offering of Investments

Traders and investors can build their portfolios by investing in a wide range of financial derivatives. 

Forex: the broker has major, minor and exotic pairs and also crosses.

Futures: cocoa, coffee, corn, GER30, EUR50, FRA40, and more.

Indices: DJ30, GER30, S&P500, and more.

Shares: Major companies like Apple, Tesla, Facebook, and more.

Metals: Gold, GOLDoz, etc. I could not find metals like silver, copper on the platform. This might be excused as traders are usually more interested in trading gold.

Energies: Brent, WTI, NATGAS, and many more.

Cryptocurrencies: BATUSD, BCHUSD, DOGUSD, and many more. The broker does not offer to buy the underlying cryptocurrency assets. This means that you cannot buy BTC but can only trade it against a currency.

With this wide range of instruments, clients will have many options to choose from and will also be able to open different portfolios with this broker. 

To check out these features you can click the link here 

Rating: 4/5

Forex: Spot TradingYes
Currency Pairs (Total Forex pairs)70
Social Trading / Copy-TradingYes
CFDs instrumentsI.e forex, stocks, crypto

Commissions & Fees 

The broker does not charge commission on the MT4 or MT5 no matter the instruments traded. 

The only amount charged is the spread for each trade.

On the cTrader account, the broker charges a commission of 45USD for every 1 million USD traded upon a position. The commission here applies when trading forex and metals. The positive here is that the spreads on cTrader are lower than those charged on other account types.

The broker does not charge any fee for deposit and withdrawal on any of the accounts or platforms.

The pricing above shows that it is a relatively cheap trade with the broker.

Forex: Spot TradingYes
Currency Pairs (Total Forex pairs)70
Social Trading / Copy-TradingYes
CFDs instrumentsI.e forex, stocks, crypto

Platforms & Tools 

The broker has MT4 and MT5, and they both have slightly different features. Some of the features they have in common include an easy-to-use interface, fully customizable charts, custom Expert Advisor; they both use trailing stops and are both available on Windows and Mac.

Metatrader 4: it has more than 50 preinstalled technical indicators and 50+ analytical starting tools. It allows the use of trailing stops, customized expert advisors, and indicators. It is available on both Windows and Mac.

Metatrader 5: The MT5 has more than 38 preinstalled technical indicators and 44 analytical charting tools, three chart types, and it works for various trading styles. The MT5 has 3 chart types and 21 timeframes ( more than that of the MT4).

cTrader: This is the desktop platform. It provides a wide range of advanced technical features. It provides 55+ preinstalled technical indicators, 6 chart types and 28 timeframes, zero stop or limits level restrictions, trailing stops, advanced order protection, a news feed, and many other professional features.

Economic calendar: Economic calendar and news are also available on all the platforms to assist traders in making more informed trading decisions. It shows upcoming events that can guide traders in their technical analysis. 

Demo account: In addition to all these, there is a free demo account that also has the values of the live chat that can help new traders to form a strategy or help active traders test new strategies.

I believe that these are the regular features that brokers have, though some brokers have more advanced features. These features highlighted here  will make day-to-day regular trading with the broker smooth.

Rating: 4/5

Virtual Trading (Demo)Yes
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Charting – Indicators / Studies (Total)51
Charting – Drawing Tools (Total)31
Charting – Trade From ChartYes
Order Type – Trailing StopYes


Some research tools are also available.

The broker has the economic earnings calendar. These calendars are industry-standard calendars and are helpful for in-depth research, technical and fundamental analysis. The calendar has a list of upcoming events and shows the expected impact of such an event.

Trading news also contains analytics and opinions of different experts in the financial world. The analytics include technical analysis on various currency pairs, commodities, cryptocurrencies, and other assets, market reviews, and an overview showing what has happened in different markets and the possible expectations based on different markets.

The broker still trails industry leaders in its offering of research tools, and more research tools will be advantageous to its clients.

Rating: 4/5


The broker has a free course for beginners and advanced traders. 

The beginners’ programs have key topics organized and clear. The education comes with online tests designed for self-assessment and has sound files to be downloaded after answering all questions. There is a free demo account where beginners can also test strategies.

The advanced courses are designed with a detailed focus on specific areas of trading. The courses include various aspects of fundamental analysis, tips on technical analysis, and how to combine indicators to form effective reading strategies. It is aimed at improving trading analysis.

The courses are taken using comprehensive language and interactive cards with text and imagery, which are to help traders to understand the courses.

Rating: ⅘

Mobile Trading 

It has IOS and android versions which are simple and have almost everything needed to trade professionally. The broker also won an Online Personal Wealth Awards in 2020 for having the ‘Best Mobile Application.’

Through the mobile trading platforms, one has access to push notifications, economic calendar, integrated trading platform and can also deposit, transfer and withdraw.

Traders can also access the MT4, MT5, and cTrader platforms through the mobile platform. 

Rating: 4/5

Mobile devices I.e apple, android, etc
FeaturesI.e. allow making trade, watchlist, charting, alert, etc.

Final Thoughts 

I found the brokerage services professional, and the platform is also user-friendly. The easy-to-use features and the advanced reading tools make it attractive for beginner and active traders.

Cryptocurrencies are quoted against fiat currencies only, and the option for those who wish to buy and hold cryptocurrency without leverage is not available. Some crypto faithful might not find this so attractive. 

The pricing and spread offered are optimal with the industry average, making the platform a good choice for traders.

With all the features highlighted, I would rate the broker high and recommend it to traders who intend to diversify their portfolios. 

If you want to check out the features you can click on this link

Overall rating: 4.25/5

Frequently Asked Questions 

Does FxPro have NASDAQ?

FxPro offers its clients the opportunity to trade CFDs on NASDAQ 100 stock index. NASDAQ, an American stock index, includes the 100 largest companies in market capitalization, whose shares are traded on the NASDAQ exchange.

How much can I withdraw from FxPro?

The minimum withdrawal that FxPro offers is 100 (USD, GBP, EUR, AUD, CHF), while the maximum withdrawal is 10,000 (USD, GBP, EUR, AUD, CHF) or 1,000,000 JPY, 40,000 PLN.

How do I change my email on FxPro?

To change any of your details on FxPro, you have to send an email to [email protected]. For security reasons, the broker will ask for an updated proof of residence to be uploaded through FxPro direct for any form of change in address ad you will be required to do a phone verification for a change of email.

How do I deposit money into FxPro?

  1. Sign in to Fxpro direct with your details (email and password)
  2. Open the section for wallet and clock on the; deposit’ button.
  3. Choose your convenient method of deposit.
  4. After you have chosen the method, you have to verify the amount you want to deposit. And follow the prompt on the screen to confirm the payment.
  5. Once approved, you will see the amount you deposited will appear in your FxPro wallet balance. The details will also be available in your transaction history.
  6. After this, you are ready to trade; only transfer the funds to a trading account to trade.

What leverage does FxPro offer?

FxPro Global Markets offers leverage that is as high as 1:200

Does FxPro have a bonus?

FxPro does not offer any signup bonus

Does FxPro have DXY?

FxPro offers its clients the opportunity to trade CFDs on United States Dollar Index Futures. The dollar index, which is dented as USDx or DXY, is the most widely known currency index. To trade this instrument, open your FxPro Direct account by clicking on ‘register’ at the top of the page.

How do I change my password?

To change your password, you have to first login into the platform, then go to tools >options. Under the ‘server tab,’ you will see the option to change the password. Then you can enter a new password of your choice.

How long does it take to deposit money into FxPro?

The duration it takes to process a deposit varies depending on the options you choose. Depositing through international bank transfer takes around 3 to 5 days ( depending on your bank). All other methods take approximately 10 minutes to confirm payments.

How do I connect FxPro to MT4?

First, log in to your terminal from the menu at the top left of the screen, click on ‘file.’ Login to trade account and a new box asking for your login credentials and password. After this, the server your account has been assigned to is expected to appear.

What is the use of the FxPro wallet? 

The FxPro wallet is your risk management tool that works as a central account from which you can transfer money at any time to your trading accounts by following a simple process.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
You may also be interested in reading

Fact checked

ForexToStocks is committed to delivering content that adheres to the highest editorial standards in terms of accuracy, sourcing and objective analysis. 

Every article is written by topic experts with relevant academic credentials in the field of business, accounting and finance – including actual trading experience or someone who is a practitioner in the financial market. 

Before going live, each article is thoroughly reviewed and fact checked by a qualified member of the editorial team. 

Furthermore, we have a zero-tolerance policy regarding any level of plagiarism or malicious intent from our writers and contributors.

ForexToStocks articles adhere to the followings standards: 

  1. All referenced links must be from reputable websites and sources.
  2. All quotes, studies, data and significant claims must be referenced to its original sources.
  3. All commentary must maintain a high level of objectivity and provide balanced views.
  4. Content should avoid making claims or recommendations that would put readers financial well-being at risk. 
  5. Any potential conflict of interest must be clearly indicated and disclosed to readers. 

We are aware that our editorial process is not perfect, and we are constantly improving our editorial quality through readers feedback and internal review.  

Our #1 Top rated Forex Trading Platform