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On this page, you will find a large number of reviews from the real FxPro If you are already working with If you are already working with FxPro please leave your review to help other traders gain a correct understanding of the company. We are proud not to have any censorship on reviews on our website – ForexUp has been helping users choose brokers for the past five years, while remaining unbiased and independent.

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FxPro Review 2021

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FxPro is a CFD and Forex broker that has been in the market since 2006, currently providing services in 170 countries. The company holds four licenses, including the UK, Cyprus, The Bahamas and the South African Republic.

FxPro provides customers excellent opportunities with over 260 trading instruments. In addition, the company offers automated trading options, good choice of trading platforms, and education for the beginners. The broker operates in compliance with the EU standards, ensuring a high level of security.

FxPro received the 2017 UK’s Most Trusted Forex Brand award by the Global Brands Magazine. In addition, the broker is the first company in the world within its industry to become an official partner of a Formula One team.

Pros and cons

Pros Cons
  • Licenses of the respectable regulators
  • Beneficial trading commissions on Forex
  • No deposit and withdrawal fees
  • A good choice of trading platforms
  • Possibilities for trading automation
  • A variety of base currencies
  • Six types of accounts
  • The majority of assets are available via CFDs
  • Limited learning opportunities for the customers
  • No cryptocurrency support
  • High commissions on CFDs on stocks
Pros
  • Licenses of the respectable regulators
  • Beneficial trading commissions on Forex
  • No deposit and withdrawal fees
  • Proprietary trading platform
  • Possibilities for trading automation
  • A variety of base currencies
  • Six types of accounts
Cons
  • The majority of assets are available via CFDs
  • Limited learning opportunities for the customers
  • No cryptocurrency support
  • High commissions on CFDs on stocks

Key features of the broker

Regulation The UK, Cyprus, The Bahamas, SAR
License number FCA №509956
CySEC №078/07;
FSCA №45052;
SCB SIA-F184.
Commissions and fees low
Demo account Yes
Minimum deposit 100 USD
Inactivity fee No
Period for opening an account 15-20 minutes
Leverage SCB regulation clients 1:500, other regulators Retails clients 1:30 and Pro clients 1:500
Markets Forex, CFDs
Options for passive income No
Support languages English +18 languages
Withdrawal fee 0%
Withdrawal to credit/debit card Yes
Deposit and withdrawal via cryptocurrencies No
Deposit from electronic wallets Yes
Account currencies USD, EUR, GBP, PLN, CHF, AUD, ZAR, JPY
Deposit bonus -
Author of the review
Author Ivan Andriyenko

Ivan Andriyenko

is a financial expert and analyst

With 5-year experience of working in the financial markets. He also has experience of working on Forex, stock and futures markets.

Real reviews of FxPro 2021

2021-01-10 Ahmad Int

I didn't like working with FxPro because this company doesn't really care about customers. Several times there were controversial issues with the support regarding the trading process. In addition, the company often delays payments under various pretexts, which does not suit me.

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2021-01-02 Melissa Sun

I trade on Ctrader, and now I have no complaints. I did not notice any slippage, the execution of all orders is prompt.

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2020-12-22 Johnny Dry

There is no cryptocurrency, trading in futures and stocks on the spot market is not available ... I think FXPro has a lot of flaws. The broker mainly focuses on CFDs, forgetting that this is a high-risk margin instrument and is not suitable for everyone.

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2020-12-05 Ri Li

I didn't like working with FXPro either. I have repeatedly encountered a delay in withdrawing funds. In a broker's conditions, withdrawal to a bank account takes 1 day, but in fact - it takes up to a week. WebMoney is sorely lacking in the list of available payment methods. It's a pity, I prefer to use this electronic payment system.

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2020-11-30 Arif Kn

For me, the main issue is reliability. I am from Malaysia and here we have a problem with the various scams. I have been working with this broker for the first year, and withdraw $500 twice. All operations took place in a day.

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2020-11-30 Arif Kn

For me, the main issue is reliability. I am from Malaysia and here we have a problem with the various scams. I have been working with this broker for the first year, and withdraw $500 twice. All operations took place in a day.

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2020-11-20 Groovy Shade

I have been testing the bot on the platform. There are no questions about execution and fees. I'll share results later.

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2020-04-27 Morty

I’m new to the forex and I’m testing several demo accounts of different brokers at that moment. I think FxPro is doing a good job with their demo, I like it the most. It is very simple and clear to the inexperienced user. Also I enjoy their website. There are a lot of useful and informative materials for novice traders.

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2018-04-21 kruk

hi everyone! some details from me. hmm, where do i begin… well… frequent slippages due to which some part of your potential income just disappears. when you wanna open any attractive position, they may hold you with new prices. after accepting your order they are like sending it to the interbank processing and it becomes loss-making. some stop losses slip in the broker’s favor. strange rules of take-profit execution. example: if it is a gap, your stop loss is executed at the highest loss, and if it is a take-profit, it’ll be executed at the price indicatwd in your order. another story is their support staff – it’s normal for them to ignore your calls and other attempts to get in touch with managers. it looks like they are trying to burn time off the clock. analytical stuff is useless as for me. sometimes they provide interesting info, but usually it’s just bla-bla-bla.

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2018-03-29 Starker

FxPro is for professionals only. Beginners shouldn’t be there – it’s just unprofitable for them. Trading conditions may seem unacceptable and hard, but for newbies only, believe me. That’s why many people are saying bad stuff about this dealing center. If you can afford big depo and know how to trade, you’ll definitely make profits here.

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2018-02-14 Руслан

I work with big amounts so i was targeting a reliable brokerage company to start cooperation with. I got through many forums reading dozens of reviews about dealing centers and finally decided to try it with FXPRO company due to such factors as licensing and regulation, reputation among traders confirmed by many positive reviews. They called me back imediatelly after i opened my account and asked if i had any difficulties. VPS server is for free. I only had some troubles wuring high volatility, but nothing special to describe here. Good broker. You can easily start your trading here. Nothing to worry about!

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2017-08-01 jcash

I had to quit forex for family reasons (( But I can advise you to try with FxPro broker ‘cause I have very long working experience with them.

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2017-06-23 Propos

It’s extremely annoying and long story to choose the right broker... at least for me, cause am always trying to get into deep study of the information about any broker. I really enjoyed it with FxPro, so i opened my first account. Doing some little trading, you know.

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2017-06-07 Alexeefff

After reading reviews of fx pro company i wanted to compare which broker suits me better - this one or maybe Fort company… and you know what? Fx pro website gives much better descriptions so it became perfectly clear to me now what is what and how all this stuff works. And trading conditions are quite attractive. So i ve opened an account and have no regrets

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2017-06-06 Striga

I’ve been fishing around for such brokerages with low spreads and fine execution and finally identified several... FxPro is one of them’ cause I liked those reviews I faced. I ended up opening my first account on it, but haven’t started yet.

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2017-03-24 batal

I like how orders are executed here. I'd like to have lower spread but it's not a big deal.

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2017-03-21 sjavaxxl

FxPro is a stable European broker. Very favorable trading terms. Spreads are always very low, high positive swaps, orders are executed instantly. The FSA's license. I recommend the company to everyone.

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2017-03-18 Amarillion

I've been working with FxPro for more than 2 years and during this time we had some faults and disagreements, but it has never negatively affected my profit!

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Both positive and negative feedback can only leave authorized users.
Geography of broker’s customers

Geography of broker’s customers

FxPro has a very wide geography of customers. The broker is represented all around the world. The core audience is concentrated in Vietnam and South Africa. There are also many clients from the European countries, the UK and the Netherlands being the leaders.

The company is actively promoted practically in all markets. In particular, the increase of customers is observed in all jurisdictions from the Top 5. The broker’s growth is particularly active in Southeast Asia.

Country Percentage of customers
Vietnam 11.77%
SAR 10.73%
UK 8.67%
Netherlands 4.34%
Taiwan 4.24%
Commissions and fees

Commissions and fees

On the most beneficial FxPro account – cTrader, the broker uses a combination of the low spread and commission. The level of commissions is low, or average in Forex and CFD markets. On the MT4 and MT5 types of accounts, spread is used as a commission, which we estimated as average.

In this review, we will compare FxPro commissions with the competitors – Forex4You and TeleTrade, and provide specific examples of how much a trader will have to pay per lot with each of the brokers.

Pros Cons
  • Low commissions on Forex market
  • Low commissions on CFD on indices
  • No deposit and withdrawal fee
  • No inactivity fee
  • High commissions on CFDs on stocks
Pros
  • Low commissions on Forex market
  • Low commissions on CFD on indices
  • No deposit and withdrawal fee
  • No inactivity fee
Cons
  • High commissions on CFDs on stocks

Summary of commissions and fees on FXPro

Asset Commissions
EUR/USD Average spread is 1.7 pips on MT4 account. $45 per $1,000,000 traded volume plus 0.37 pips average spread on cTrader account.
CFD on Apple Average spread 0.62 on MT4 account
CFD on S&P 500 Average spread 0.83 on cTrader account
CFD on Brent Average spread 0.08
Non-trading commissions No

Forex market

Forex is the key market for FxPro. On the account types with Instant Execution, the broker uses a fixed spread as a commission, and on the accounts with Market Execution – a floating spread, while on cTrader account a combination of the commission on traded volume and a small floating spread is charged. As we believe the Market Execution to be an important factor of a broker’s reliability, we will only analyze the accounts with Market Execution in this review.

The broker has three such accounts and the commissions on them vary. First, let’s see which FxPro account is the best to be used for forex trading. As an example, we will use the cost of a standard lot of 100,000 units of base currency in the currency pairs of different classes.

MT4 MT5 cTrader
EURUSD $17.1 $15.1 $9.57
EURGBP $24.14 $23 $16.24
USDPLN $48.55 $66.41 $24.78

As you can see, the cTrader account is much more beneficial for trading all classes of currency pairs.

Let’s also establish the commission FxPro charges as compared to its competitors. We took into account all commissions and the spread of FxPro (cTrader account), Forex4You (ProSTP account) and TeleTrade (ECN account) The lot is 100,000 units of base currency.

FxPro Forex4You TeleTrade
EURUSD $8.2 $9 $12
EURGBP $15.5 $16.3 $19.4
USDPLN $24.78 Not available $48.57

Conditions offered by FxPro are on average better or at the same level as competitors.

Swaps on Forex

As a reminder, a rollover of a position to the following day causes the emergence of a swap on the Forex market. It is charged based on the interest rates of banks that issue currencies in the currency pair. When the swap is negative, a certain number of points is written off the account; when the swap is positive, they are accrued to the account.

On top of that, brokers may also charge additional commissions, which is why the sizes of the swaps could be different with different brokers. Below are the swaps for the cTrader account. We estimated the swaps as average, which makes short and medium-term strategies beneficial when trading with this broker. The drawback is the absence of a positive swap on major currency pairs, which the long-term investors might not like.

Swaps on FxPro

Instrument Swap long rate Swap short rate
EURUSD -4.7156 -0.8982
EURGBP -3.7133 -0.7427
USDJPY -3.0859 -2.0476

A number of brokers offer Muslim traders an opportunity to trade without swaps, replacing them with different kinds of commissions. FxPro offers the swap free trading option. To activate the service, you need to contact the broker’s customer support.

FxPro Forex4You TeleTrade
Swap free Yes Yes Yes

Commissions on CFD market

Different types of CFDs make up the largest class of assets on FxPro, while the level of commissions on them is mostly low. Below, we will consider trading conditions for CFDs on indices, energies and metals on FxPro and its competitors. On the accounts of MT4 and MT5 types, the broker uses spread as the commission. On cTrader account, it is a combination of a small spread and commission on the traded volume.

NOTE! As a reminder, CFD trading involves high risk, which is why the traders need to strictly observe risk management rules!

To make the example clear for understanding, we checked how much a trader will have to pay for the execution of a USD 5,000 lot of CFDs of different classes, taking into account the spread and commissions of the broker. The below data is applicable for the following account types: FxPro сTrader, Forex4You ProSTP and TeleTrade ECN

FxPro Forex4You TeleTrade
CFD on S&P 500 $1.19 $1.57 $1.44
CFD on Brent $8.8 $4.01 $17.09
CFD on gold $1.15 Only spot Only spot

As you can see, FxPro has the best result among the competitors we specified in this review. The only exception is CFDs on oil, where Forex4You offers much lower commissions.

CFD on stocks

Stock trading at FxPro is available also via the contracts for differences. The level of commissions is high.

To make the example clear for understanding, we checked how much a trader will have to pay for a USD 5,000 lot of CFDs on top US stocks. FxPro offers CFDs on stocks only on MT4 account and platform, while the spread is used as the commission. We also took similar standard accounts of the competitors for comparison.

FxPro Forex4You TeleTrade
USA. CFD on Apple $26.13 $8.58 USD $1.77 USD
USA. СFD on Coca-Cola $10.98 $8 USD $3.06 USD
USA. CFD on IBM $12.37 $8.97 $3.69 USD

In this market segment, FxPro is behind its competitors with TeleTrade being the leader.

Non-trading commissions

We estimated the broker’s non-trading commissions and fees as low. FxPro does not charge deposit or withdrawal fees, which is why the customers only have to pay the commission of the bank or the payment system. The broker also doesn’t charge an inactivity fee.

FxPro Forex4You TeleTrade
Inactivity feeNo No Yes Yes
Withdrawal fee No Yes Yes
Any similar fees No No No

The absence of non-trading commissions sets FxPro apart from Forex4You and TeleTrade, which do charge withdrawal and inactivity fees.

Reliability and regulation

Reliability and regulation

FxPro is officially regulated and can be considered reliable. The company holds four licenses for financial operations. The broker was issued the following documents:

  • UK – FCA No.509956;
  • Cyprus – CySEC No.078/07;
  • SAR – FSCA No.45052;
  • The Bahamas – SCB SIA-F184.

All broker’s documents can be easily checked. The company provides links to all licenses. The broker does not offer a deposit insurance system. FxPro has Stop Out and it depends on the branch. The level can be as follows:

  • CySec – 50%;
  • FCA – 50%;
  • SCB – 20%.

FxPro has been operating in the market for 14 years. Over this period, the broker has not been involved in a single scandal. Therefore, the broker can be considered reliable.

Markets and products

Markets and products

FxPro provides its customers with a rather wide selection of markets and trading instruments. FxPro is a Forex and CFD broker, which is why they are all available via this derivative.

It is worth noting the diversity of CFDs on commodity futures. Also, there is a large variety of trading instruments by groups. The broker offers many currency pairs, a good choice of stocks and stock indices.

Lack of access to trading shares and futures on the spot market is the key drawback of FxPro. CFDs are a high risk marginal instrument, which is not suitable for all. Also, the broker does not have cryptocurrencies on its list of trading instruments.

Pros Cons
  • Many Forex trading pairs
  • CFDs on futures
  • No direct access to the markets
  • Cryptocurrencies are unavailable
Pros
  • Many Forex trading pairs
  • CFDs on futures
Cons
  • No direct access to the markets
  • Cryptocurrencies are unavailable

Availability of CFDs on futures on the trading platform is the key distinction of FxPro over its competitors. Neither TeleTrade nor Forex4You offer this trading instrument, but they do provide access to cryptocurrencies.

FxPro TeleTrade Forex4You
Forex Yes Yes Yes
Stocks No No No*
CFD Yes Yes Yes
Crypto* No Yes Yes
Bonds No No No
Futures* Yes No No
Commodities (oil, metals, wheat, gas, ores, etc.)* Yes Yes Yes
Mutual funds No No No
ETF No No No

* – only as CFDs

Forex Market

Forex market on FxPro is quite diverse. In particular, the broker offers access to 69 types of currency pairs, including all popular ones:

  • EURUSD;
  • USDJPY;
  • CHFUSD;
  • AUDUSD;
  • USDCAD;
  • GBPUSD;

In addition, the broker provides access to a large number of cross rates. On FxPro, you can trade pairs with popular global currencies, such as EURCHF, EURGBP, EURJPY, GBPJPY and others. However, the real advantage of FxPro in terms of Forex is a large selection of exotic trading pairs. The broker provides access to currency pairs with the following types of regional currencies:

  • DKK;
  • PLN;
  • NOK;
  • SGD;
  • CZK;
  • HKD;
  • MXN;
  • SEK;
  • ZAR;
  • RUB;
  • THB

Thanks to the availability of a large number of exotic currency pairs, FxPro compares favorably with its competitors in terms of the number of trading instruments for Forex.

FxPro TeleTrade Forex4You
Number of trading pairs 69 59 50

CFD market

FxPro provides access to five different groups of CFDs. Here, you will find a large number of contracts on the stocks of the largest global companies. The choice of CFDs on stock indices is also very good.

The only serious drawback, compared to the competitors, is the absence of cryptocurrencies. In addition, FxPro is lacking investment instruments. In particular, the broker does not provide access to contracts on bonds, mutual funds and ETFs.

CFD on stocks

The number of available CFDs on stocks can be considered average. The broker provides access to 138 positions. The list includes the stocks of the most popular companies from the USA, Europe and China, such as:

  • IBM;
  • Danone;
  • Google;
  • Apple;
  • Baidu;
  • Goldman Sachs, etc.

The broker’s drawback is the limited choice of CFDs on the stocks of companies from the developed countries in the Asia-Pacific region, with the exception of China. In particular, you won’t find many contracts on stocks of Japan, Korea, Australia, etc.

By the number of CFDs on stocks, the broker is lagging slightly behind TeleTrade, but significantly exceeds Forex4You.

FxPro TeleTrade Forex4You
Number of CFDs on stocks 141 161 50

CFD on indices

FxPro provides access to a rather impressive number of stock indices – 24. These are primarily CFDs on indices of the top world’s countries – the USA, Germany, China, Japan, the EU:

  • USSPX500;
  • US30;
  • USNDAQ100;
  • EURO50;
  • Germany50;
  • UK100;
  • Japan225;
  • China A50 etc.

By the number of available contracts, the broker also compares favorably with many competitors.

FxPro TeleTrade Forex4You
Number of CFDs on indices 24 13 15

Commodities

FxPro provides access to commodity trading mainly via CFDs on futures – over 20 positions, and also 10 CFDs on metals and energies.

By the number of contracts, the broker compares favorably with the other two brokers from today’s review.

Opening an account

Opening an account

The procedure of opening an account on FxPro is fully automated, but it requires a bit of time, approximately 15-20 minutes.

The broker offers six different types of accounts, including separate trading accounts for MT4 with fixed and floating spreads. Therefore, a trader can choose the best conditions that are most suitable for him. The minimum deposit of the broker is totally affordable.

The broker, however, has certain drawbacks. In particular, there are different types of trading instruments available on different types of accounts. For example, CFDs on stocks are not available on the FxPro MT5 account.

Pros Cons
  • Low entry threshold
  • Many types of accounts
  • Demo account
  • Restrictions on instruments for different types of trading accounts
  • Low number of base currencies
  • No ECN
Pros
  • Low entry threshold
  • Many types of accounts
  • Demo account
Cons
  • Restrictions on instruments for different types of trading accounts
  • Low number of base currencies
  • No ECN

What is the minimum deposit on FXPro?

The entry threshold on FxPro is quite enticing for traders. In order to start trading, you need to deposit only $100, although the broker recommends to start with $500 for successful trading. At the same time, if you fund your account for an amount lower than $500, no restrictions will apply.

However, many competing brokers do not have any requirements for a minimum deposit. Neither TeleTrade nor Forex4You set any minimum deposits.

FXPro TeleTrade Forex4You
Minimum deposit 100$ 1$ 1$

Citizens of which countries cannot trade on FXPro

FXPro is a holding of several companies. Each company provides services in a specific region and their restrictions differ. To learn more about restrictions, we recommend that you contact the broker’s customer support.

Documents required for opening an account

Verification is mandatory on FxPro. You won’t be able to fund your account or perform trading transactions. In order to verify your account, you will need to upload two main documents:

  • Proof of identity – passport, residence permit, driver’s license;
  • Proof of residence – bank statement, utility bill issued not later than six months ago, etc.

All documents for verification must be uploaded directly at the broker’s website. The uploading is done via FxPro Direct service. You do not need to send documents in an email.

You can also watch a video on account verification on FBS:

Account types

FxPro offers its customers six types of trading accounts. Five of them have different trading conditions, but the same requirement for minimum deposit. The first type of account is MT4 Instant with fixed spreads. The spreads on the account indeed do not change and their level is lower than on some other account types. However, only 7 currency pairs are available for trading and nothing else.

The second type is MT4 Instant with floating spreads. The minimum level of spreads is rather high on the account, but the trading opportunities are wider. The broker provides access to trading all types of currency pairs and CFDs, available on the platform.

If you are interested in Market Execution, MT4 Market account will be suitable for you. All types of trading assets are also available on it, while the spreads are lower compared to the trading accounts with instant execution.

For the customers wishing to work with MetaTrade 5 platform, there is a special account – FxPro MT5. All types of trading instruments, except for CFDs on stocks are available on this account. The spreads here are even better compared to the previous types of trading accounts.

FxPro cTrader is an account that deserves special attention. This is a special type of a trading account that allows to work with cTrader with the low level of commissions. It also has Market Execution of orders.

The last type of the broker’s accounts is VIP. It is available if you deposit $50,000 and more. The company promises “30% discounts” on commissions and spreads, but does not provide information about their minimum values. All types of trading platforms are available for this account.

Demo account

The broker provides its customers a possibility to trade using a demo account. It is available for the customers with any account type. No time limits are applied to the demo account on FxPro. However, in order to use the demo account, you first need to open a real account. You cannot register a demo account separately from the main account.

Trading accounts

The broker’s trading accounts differ from each other. Below is a detailed analysis of the broker’s accounts.

FxPro MT4 Instant (fixed spread)

  • Trading platform: MT4
  • Base currency options: USD, EUR, GBP
  • Instruments: EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, USDCAD, USDJPY
  • Order execution – Instant
  • Minimum deposit — 100 USD
  • Commission on traded volume: no
  • Commission per lot: no
  • Spread on EURUSD: fixed, 1.6 pips
  • Minimum lot — 0.01 pips
  • Leverage — up to 1:500
  • Stop Out — 50% (CySec, FCA) 20% (SCB)

FxPro MT4 Instant (floating spread)

  • Trading platform: MT4.
  • Base currency options: USD, EUR, GBP
  • Order execution – Instant
  • Instruments: Forex, indices, energies, metals, stocks and futures
  • Minimum deposit — 100 USD
  • Commission on traded volume: no
  • Commission per lot: no
  • Spread on EURUSD: floating, from 1.71 pips
  • Minimum lot — 0.01 pips
  • Leverage — up to 1:500
  • Stop Out — 50% (CySec, FCA) 20% (SCB)

FxPro MT4 Market

  • Trading platform: MT4
  • Base currency options: USD, EUR, GBP
  • Order execution – Market
  • Instruments: Forex, indices, energies, metals, stocks and futures.
  • Minimum deposit — 100 USD
  • Commission on traded volume: no
  • Commission per lot: no
  • Spread on EURUSD: floating, from 1.58 pips
  • Minimum lot — 0.01 pips
  • Leverage — up to 1:500
  • Stop Out — 50% (CySec, FCA) 30% (SCB)

FxPro MT5

  • Trading platform: MT5
  • Base currency options: USD, EUR, GBP
  • Order execution – Market
  • Instruments: Forex, indices, energies, metals, stocks and futures
  • Minimum deposit — 100 USD
  • Commission on traded volume: 45 USD per one million of traded volume
  • Commission per lot: no
  • Spread on EURUSD: no
  • Minimum lot — 0.01 pips
  • Leverage — up to 1:500
  • Stop Out — 50% (CySec, FCA) 30% (SCB)

FxPro VIP

  • Trading platform: MT4, MT5, cTrader
  • Base currency options: USD, EUR, GBP
  • Order execution – Market
  • Instruments: Forex, indices, energies, metals, stocks and futures
  • Minimum deposit — 50 000 USD
  • Commission on traded volume: 30% discount
  • Commission per lot: no
  • Spread on EURUSD: 30% discount
  • Minimum lot — 0.01 pips
  • Leverage — up to 1:500
  • Stop Out — 50% (CySec, FCA) 30% (SCB)

How to open an account on FxPro: step-by-step guide

The procedure of opening an account on FxPro is rather lengthy and detailed. You will need to spend around 20 minutes on it. Overall, you will need to fill out 10 blocks. Let’s review each of them in more detail.

Step 1. Registration info

The first stage of the registration is standard – you need to specify basic information about yourself. It includes six fields, including:

  • Country of residence;
  • First Name;
  • Last Name;
  • Email;
  • Password;
  • Confirm your password.

The broker also warns that by registering you automatically agree to its Privacy Policy. You can review the policy in the same section.

Registration list

Step 2. Additional personal details

In the second block, everything is also rather simple. You need to specify your nationality, your mobile phone and your date of birth.

personal details

Step 3. Residential address

Then you need to specify your address. When you fill out this information, be attentive, because you will have to confirm it with documents. The broker will ask you to provide the city, the street and number and the zip code.

Address

Step 4. Employment information

The broker requires the customers to provide information about their employment status. First, you need to specify if you are employed, self-employed, retired, unemployed or choose a different status. If you choose “employed” or “self-employed”, you need to also provide your position. Then, you need to specify the industry you work in and your level of education.

Employment information

Step 5. Financial information

FxPro requires its customers to provide financial information. In particular, you will be asked to provide information about your income, source of your wealth, expected country of origin and destination of funds, etc. In addition, you will need to specify the amount you are planning to invest.

Financial information

Step 6. Preferred trading instruments

During the registration, FxPro will ask you to specify the trading instruments you intend to work with. You can select specific instruments or select all. The types of the accounts available to you after registration will depend on your choice. In addition, at this stage, you will need to specify whether you are a US resident or citizen for tax purposes.

Preferred trading instruments

Step 7. Trading experience

Also, you will need to share information about your trading experience. In particular, you will need to specify whether you have (or had) real trading experience, and also the sources of your knowledge – whether you’ve obtained professional education, took courses, etc.

Trading experience

Step 8. Questionnaire on professional knowledge

In order to register with the broker, you need to fill out a questionnaire that features five questions. They are related to the level of qualification of customers in the area of trading and investment: the use of leverage, types of orders, etc.

Questionnaire on professional knowledge

Step 9. Setting up the account

After completing registration, you will be directed to the trading account settings. In particular, you will be able to choose the account type, leverage, currency, notification language. You will also need to agree and accept the internal documents of the company.

Setting up the account

Step 10. Verification

The last stage is verification. It is mandatory on FxPro. You will need to upload the copies of your passport and confirmation of your residence. The documents are considered within 3 business days.

Base currencies

FxPro offers an excellent choice of base currency options. The customers can choose from 8 options:

  • USD;
  • EUR;
  • PLN;
  • CHF;
  • AUD;
  • ZAR;
  • JPY;
  • GBP.

The list of currencies includes nearly all most popular global currencies, with the exception of CHN and RUB.

FxPro offers a better choice of base currencies than its competitors. For example, Forex4You supports only two currencies – USD and EUR. In addition to USD, EUR and GBP, TeleTrade supports only BTC.

FXPro TeleTrade Forex4You
Number of base currencies 8 4 2
List of base currencies USD, EUR, GBP, PLN, CHF, AUD, ZAR, JPY USD, EUR, GBP, BTC USD, EUR
Deposit and withdrawal

Deposit and withdrawal

FxPro does not offer its customers too many methods of deposit and withdrawal. You can use a wire transfer, with the transaction performed rather fast here. You can also use debit/credit cards of the following payment systems:

  • visa Visa;
  • mastercard Mastercard;
  • Maestro Maestro;
  • American Express American Express.

In addition, the broker processes transactions performed via popular virtual payment services. In particular, the following e-wallets are supported:

  • Neteller Neteller;
  • PayPal PayPal;
  • Skrill Skrill;
  • UnionPay UnionPay.

The broker does not charge deposit and withdrawal fees. The only exception is writing off funds without performance of transactions on the account. If you have not had any traders after adding funds to the account, a 2-2.6% fee can be charged for the transaction, depending on the payment system.

The funds are deposited rather quickly, while withdrawal may take some time. The broker lacks support of some electronic systems, for example WebMoney. In addition, cryptocurrencies are also not supported.

Pros Cons
  • Support of wire transfers
  • Support of electronic wallets
  • No fees charged on financial transactions
  • Long period of withdrawal
  • Cryptocurrencies are not supported
Pros
  • Support of wire transfers
  • Support of electronic wallets
  • No fees charged on financial transactions
Cons
  • Long period of withdrawal
  • Cryptocurrencies are not supported

Methods and timeframe for deposits

Method of deposit Fee Timeframe
Wire transfer 0% 1 business day
Debit/credit cards 0% 10 minutes
Neteller 0% 10 minutes
Skrill 0% 10 minutes
PayPal 0% 10 minutes
UnionPay 0% 10 minutes

Overall, the conditions for deposits are rather beneficial, while the list of payment services can be considered good. FxPro supports more payment services than TeleTrade, and about the same as Forex4You.

FXPro TeleTrade Forex4You
Wire transfer Yes Yes Yes
Visa and MasterCard credit/debit cards Yes Yes Yes
Electronic payment systems 4 3 5
Cryptocurrencies No Yes No

Methods of withdrawal and fees

Method of withdrawal Withdrawal fee Timeframe
Wire transfer 0% 1 рабочий день
Debit/credit cards 0% 1 business day
Neteller 0% 1 business day
Skrill 0% 1 business day
PayPal 0% 1 business day
UnionPay 0% 1 business day
Trading platforms

Trading platforms

FXPro provides access to three types of trading platforms, primarily cTrader, In addition, the broker provides access to classical platforms, such as MetaTrader4 and MetaTrader5. FxPro provides the following versions of the trading platforms:

  • Web;
  • Desktop (for Windows);
  • Mobile (for Android);
  • Mobile (for iOS)

The trading platform depends on the type of the trading account you chose. This choice is made at the stage of registration.

Automated trading is one of the key features of FxPro. You can install trading robots for MT4 and MT5 platforms, and also download them from the official store for C-Trader. There are free and paid trading bots that operate both on simple and complex strategies.

There are no restrictions on trading strategies.

Pros Cons
  • A good choice of trading platforms
  • Many versions
  • Trading bots can be used
  • No restrictions on trading strategies
  • The trading platform depends on the chosen account type, which is why the trading conditions differ.
Pros
  • A good choice of trading platforms
  • Many versions
  • Trading bots can be used
  • No restrictions on trading strategies
Cons
  • The trading platform depends on the chosen account type, which is why the trading conditions differ.
FXPro TeleTrade Forex4You
MT4 Desktop Yes Yes Yes
MT5 Desktop Yes Yes No
Android/iOS Yes Yes Yes
Web-terminal MT4, MT5, cTrader MT4, MT5 MT4, Forex4You

cTrader platform review

At first glance, the platform makes a very nice impression. However, the broker’s drawback becomes evident at the very start. Factually, the platform uses only login and password for accessing the account. The broker does not have a separate login and password for logging onto the platform. There are no two-factor authentication, secret question or other security methods.

The interface of the trading platform is as below:

The interface of the trading platform

You can situate two charts simultaneously in one window and trace them at the same time. You can select the timeframe on the chart. The broker offers two options of timeframe settings:

  • Standard – from 1 minute to 1 month;
  • Tick – from 1 to 1000 ticks.

You can also select the chart interface from a number of options. The quotations can be shown as:

  • Bar Charts;
  • Candlesticks;
  • Dots Chart;
  • Heikin Ashi;
  • HLC Chart;
  • Line.

The platform does not feature technical analysis indicators by default. They can be added from the cTrader store. There are many free indicators available. You can add only those that you need for your trading strategy.

Over 30 different instruments for technical analysis – lines, figures, channels, Fibonacci, etc., are available on cTrader.

instruments for technical analysis

The search field for trading instruments is on the left part of the screen. It is divided into two tabs:

  • Watchlists
  • All Symbols

The first one includes the most popular currency pairs and trading instruments. In addition you can add pairs and CFDs you are interested in to this list. All Symbols tab features all types of instruments available for the trading platform and account type you have chosen. For example, currency pairs, energies, metals and indices are available for cTrader.

All Symbols

For the users working with cTrader platform, 4 types of orders are available:

  • Market;
  • Limit;
  • Stop;
  • Stop Limit.

To open a trade, you need to select the lot, set Take Profit and Stop Loss indicators. You can also choose Market Execution at the price and specify the price in pips.

open a trade

In addition, you can view open positions and trade history, as well as set Price Alert on the broker’s trading platform.

The service of your account data analysis is available on the platform. In particular, you can view net profit, percent profitable, profit factor, see the turnover, increase or decrease of deposit, etc.

The service of your account data analysis
Analytics

Analytics

FxPro has an analytical section, which is actually a separate website, although it cannot be considered detailed or extensive. You will find analytical articles, economic calendar, currency calculator and other features on it.

We believe that there is not enough information. The broker does not have advanced instruments for statistical analysis, analytical reviews, quality infographics, etc.

Pros Cons
  • Market news
  • Economic calendar
  • Insufficient number of materials on fundamental analysis
  • No technical analysis data
  • No instruments for advanced statistical analysis
Pros
  • Market news
  • Economic calendar
Cons
  • Insufficient number of materials on fundamental analysis
  • No technical analysis data
  • No instruments for advanced statistical analysis

Reviews and researches

Analytical articles of the broker are divided into several categories. In particular, there are day’s events reviews, market reviews, a separate category of cryptocurrency news. The reviews are published on all types of assets the broker provides access to.

Analytical

Economic calendar

The broker’s economic calendar is quite detailed. You will find main economic events for today, tomorrow, and the next week. In addition, you can select events for any date on the calendar. The economic calendar also features the latest information on the events and also projected values.

economic calendar
Education

Education

Education is available on FxPro website. The broker offers several training courses for the users. The information is well-structured and provided as short articles. On the YouTube channel, the broker provides a variety of videos. The broker provides education for free, regardless of the user’s type of account.

Pros Cons
  • Two training courses for beginners and advanced users
  • Materials for advanced users are available
  • YouTube channels featuring tutorials
  • No training blogs
  • No seminars
Pros
  • Two training courses for beginners and advanced users
  • Materials for advanced users are available
  • YouTube channels featuring tutorials
Cons
  • No training blogs
  • No seminars

Training courses

The company offers two training courses:

  • For beginners;
  • For advanced users.

The courses are divided into special cards. Each of them contains several articles – from 5 to 10. The courses feature all necessary information – basic knowledge, fundamental analysis basics, trader psychology, etc.

The courses

Youtube channel

The broker regularly publishes video tutorials on its YouTube channel. In addition, FxPro experts hold training webinars. All videos of the webinars are saved on the channel and can be viewed later.

Youtube channel

We recommend you to check out one of the video tutorials by FxPro

Customer support

Customer support

FXPro offers several ways to contact its customer support:

  • email
  • online chat
  • callback service
  • by phone (in some countries)

Customer support of FxPro is quite efficient. On average, the representatives of the customer support respond within 30 minutes in case the inquiry is sent via the feedback form, and within 60 minutes if the question is sent via email.

The only drawback of customer support is that the broker does not have an international contact number.

Pros Cons
  • Good selection of ways to contact customer support
  • Quick response
  • Absence of an international contact number
Pros
  • Good selection of ways to contact customer support
  • Quick response
Cons
  • Absence of an international contact number

Channels of communication

The main channels of contacting FxPro customer support are as follows:

Email – support@fxpro.com.

Contact number for the UK – 08000 463 050.

Contact number for Cyprus – +357 25 969 200.

Contact number in Monaco – +44 (0) 203 151 5550.

Contact number for the Bahamas – +1 242 603 2224.

Bonuses and promo

Bonuses and promo

As of today, the broker does not have bonuses and promo offers.

However, the company is promoting its brand using other ways. In particular, FxPro is the official partner of McLaren F1 Team.

FxPro is the official partner of McLaren F1 Team

In addition, the broker is the official sponsor of Beda Sailing Team, a participant of Yacht Club de Monaco.

Summary

Summary

We believe that FxPro is a reliable and stable broker. The company’s long and rich history and the four licenses in trusted jurisdictions speak in favor of this conclusion. That is a great advantage of the company.

FxPro is an excellent option for the beginners. The company offers good opportunities for new traders – low minimum deposit, initial free training, simple, user-friendly trading platforms, news and economic reviews.

For experienced traders, FxPro does not offer as many opportunities. The trading arsenal is limited to CFDs, while options, cryptocurrencies and bonds are not available altogether. The only advantage for this category of customers could be the possibility of automated trading. You can install trading robots for MT4 and MT5 platforms and also download them from the official store for cTrader.

FxPro
Rating 9.5 18
Confidence: 2.37
4 13 1 18
Official Website: www.fxpro.com