FxPro Review 2023

  • 8.4

FxPro review summary

FxPro is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the SCB at the Bahamas. FxPro’s account opening process is fast, fully online, and user-friendly. FxPro has a well-performing customer service that provides fast and relevant answers and can be contacted in many languages. You can use a lot of options for deposit or withdrawal, and they’re free of charge. On the negative side, FxPro’s product portfolio is limited to forex and CFD. Non trading fees are average, there is also an inactivity fee that kicks in after 12 months of no trading. BrokerChooser gave FxPro a 4.2/5 rating based on analyzing 500+ criteria and testing via opening a live account.

FxPro is available in Pakistan

79.27% of retail CFD accounts lose money

FxPro pros and cons

Superb account opening process Only CFDs and forex
Great customer service High trading fees for some stock CFDs
Free deposit and withdrawal Inactivity fee

FxPro main highlights

🗺️ Country of regulationCyprus, UK, Bahamas, South Africa
💰 Trading fees classLow
💰 Inactivity fee chargedYes
💰 Withdrawal fee amount$0
💰 Minimum deposit$100
🕖 Time to open an account1 day
💳 Deposit with bank cardavailable
👛 Depositing with electronic wallet available
💱 Number of base currencies supported8
🎮 Demo account providedYes
🛍️ Products offeredForex, CFD
Our overall FxPro Review Brokers rating
  • 8.4

  • Fees
  • Account opening
  • Deposit and withdrawal
  • Web Trading platform
  • Mobile trading platform
  • Desktop trading platform
  • Markets and products
  • Research
  • Customer service
  • Education
FxPro review


FxPro has low forex fees and free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.

Low forex fees Inactivity fee
No withdrawal fee High stock CFD fees
FxPro fees snapshot
AssetsFee levelFee terms
S&P 500 CFDLowThe fees are built into the spread, 0.6 points is the average spread cost during peak trading hours.
Europe 50 CFDLowThe fees are built into the spread, 1.25 points is the average spread cost during peak trading hours.
EURUSDLowFxPro MT4 account: the fees are built into the spread, 1.71 pips is the average spread cost during peak trading hours.
Inactivity feeLow$15 one-off account maintenance fee and $5 monthly fee after 6 months of inactivity

How we ranked fees

We ranked FxPro’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of FxPro for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared FxPro’s fees with those of two similar brokers we selected, XM and ActivTrades. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of FxPro alternatives.

To have a clear overview of FxPro, let’s start with the trading fees.

FxPro trading fees

FxPro’s trading fees are low. The pricing structure depends on the account type you choose. In this review, we tested the FxPro Platform account.

We know it’s hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments within each asset class:

  • Stock index CFDs: SPX and EUSTX50
  • Stock CFDs: Apple and Vodafone

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used was:

  • 20:1 for stock index CFDs
  • 5:1 for stock CFDs
  • 30:1 for forex

These catch-all benchmark fees include spreads, commissions, and financing costs for all brokers. Let’s see the verdict for FxPro fees.

CFD fees

At FxPro, stock index CFD fees are low, while stock CFD fees are higher than what peers offer.

FxPro CFD fees for a $2,000 long position held for one week
 Interactive BrokersSaxo BankDEGIRO
S&P 500 index CFD fee$2.7$2.5$2.4
Europe 50 index CFD fee$2.1$3.1$1.4
Apple CFD fee$10.0$6.7$4.5
Vodafone CFD fee$16.1$2.3$6.7

Forex fees

FxPro forex fees are average.

FxPro forex benchmark fees of a $20,000 30:1 long position held for one week
EURUSD benchmark fee$15.0$17.5$36.7
GBPUSD benchmark fee$12.2$12.2$18.7
AUDUSD benchmark fee$15.4$14.5$13.6
EURCHF benchmark fee$3.6$6.3$5.3
EURGBP benchmark fee$12.8$15.5$26.7

Non-trading fees

FxPro has average non-trading fees. There is no account fee, and FxPro charges no withdrawal fee in most cases. However, you will be charged if you withdraw your money to Neteller or Skrill without having traded, or if you refund to PayPal more than 6 months after the initial funding.

There is an account maintenance fee and it is calculated:

  • after 12 months of no trading activity, the inactivity fee is $15 and followed by a $5 monthly – CySec jurisdiction*

*May slightly vary on jurisdiction

FxPro non-trading fees
Account feeNoNoNo
Inactivity feeYesYesYes
Deposit fee$0$0$0
Withdrawal fee$0$0$0
FxPro review

Account opening

FxPro account opening is hassle-free, straightforward and very fast; it may take less than two hours to verify your account.

 Fast None
 Fully digital 
 Low minimum deposit 

FxPro accepts customers from all over the world. There are a few exceptions though; among others, you can’t open an account from the USA, Canada or Israel.

What is the minimum deposit at FxPro?

The required FxPro minimum deposit is $100. It’s great if you would like to start trading with a low amount.

Account types

FxPro offers the following account types, which all differ in pricing, trading platform and execution:

FxPro account types
 PricingTrading platformExecution
FxPro PlatformFloating spread, no commissionFxPro’s own platformMarket
MT4Floating spread, no commissionMetaTrader 4Market
MT4 InstantFloating spread, no commissionMetaTrader 4Instant
MT4 FixedFixed spread, no commissionMetaTrader 4Instant
MT5Floating spread, no commissionMetaTrader 5Market
cTraderFloating spreads, $4.5 per lot roundturn* commissioncTraderMarket

*Roundturn includes both the opening and closing of the position

An instant order means an order to trade at the price that appears in the quotes flow. It is possible, though, that this specific price is not available. In this case, the order will be re-quoted with the next available price. You must agree to this new quote before execution.

When you place a market order, it will be executed at the current available market price, which is a volume-weighted average price of third party liquidity providers. It is possible that the specific price requested is not available. In this case, the order will be executed at a different price which could be better or worse than the requested price. This is called slippage. A positive slippage (better price) is beneficial to you while a negative slippage (worse price) is not.

There is a VIP account available to clients with an account balance of at least $50,000 (or equivalent). It offers a free Virtual Private Server service and reduced prices. 

You can also open corporate accounts, or swap-free/Islamic accounts for religious purposes.

How to open your account

FxPro account opening is fully digital, fast, and straightforward. You can fill out the online application form in 10 minutes. Our account was verified within two hours.

You can select many languages besides English:

FxPro account opening languages
Arabic Chinese Czech English French German
Hungarian Indonesian Italian Japanese Korean Malaysian
Polish Portuguese Russian Spanish Thai Vietnamese

To open an account at FxPro, you have to go through the following steps:

  1. Fill in your country of residence, name, email address and password.
  2. Enter your nationality, date of birth, phone number, and residential address.
  3. Add your employment information (employment status, industry, and level of education).
  4. Provide some financial information (annual income; net worth and source of wealth; the reason for account opening).
  5. Answer questions about your trading experience and financial knowledge.
  6. Select a trading platform (MT4, MT5, FxPro Edge, or cTrader), default leverage and base currency; and the preferred language of e-mails.
  7. Verify your identity and residency. Upload a copy of your national ID, passport, or driver’s license to verify your identity, then take a selfie. Utility bills and bank statements (issued within the last 6 months) are accepted as proof of residency.

FxPro review – Account opening

Our best alternatives to FxPro are:

The highest ranking competitors are:

  1. XM full review
  2. ActivTrades full review
  3. Admirals (Admiral Markets) full review
  4. Capital.com full review
FxPro review

Deposit and withdrawal

FxPro offers free and fast deposit and withdrawal, via various channels including bank transfer, credit/debit cards and electronic wallets.

 Credit/Debit card available Few minor account currencies accepted
 Free withdrawal 
 No deposit fee 


Account base currencies

At FxPro, you can choose from 8 base currencies.

fxpro available base currencies

This account base currency selection is average compared with similar brokers; its downside is that only a few minor currencies are accepted.


Base currencies at FxPro vs similar brokers

Number of base currencies8104

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

FxPro charges no deposit fees. In addition to bank transfer and credit/debit cards, you can use several types of electronic wallets:

  • PayPal
  • Skrill
  • Neteller
  • UnionPay

However, electronic wallets are not available for UK clients.

FxPro deposit options
Bank transferYesYesYes
Credit/debit cardYesYesYes
Electronic walletsYesYesYes

A bank transfer can take several business days, while payment with a credit/debit card is instant.You can only deposit money from accounts that are in your name.

FxPro withdrawal fees and options

FxPro charges no withdrawal fees in most cases, but there are some exceptions. You must pay a fee if you refund to your PayPal account more than 6 months after the initial funding, or if you refund to Neteller or Skrill without having traded.

FxPro withdrawal fees and options
Bank transferYesYesYes
Credit/debit cardYesYesYes
Electronic walletsYesYesYes
Withdrawal fee$0$0$0

How long does it take to withdraw money from FxPro? We tested the credit card/bank transfer withdrawal and it took 1 business day.

You can only withdraw money to accounts in your name.

How do you withdraw money from FxPro?

  • Log in to your account (FxPro Direct)
  • Go to ‘Wallet’
  • Click ‘Withdrawal’
  • Select the withdrawal method
  • Enter the withdrawal amount


FxPro review

Web trading platform

FxPro offers several trading platforms. The MT4 platform we tested is highly customizable and has a clear fee report, but the platform lacks price alerts and the design is outdated.

Clear fee report  No two-step (safer) login
 Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
FxPro platforms to choose from
Trading platformScoreAvailable

FxPro offers four different trading platforms:

  • FxPro EDGE, FxPro’s proprietary trading platform
  • MetaTrader 4 (MT4), a third-party platform
  • MetaTrader 5 (MT5), a third-party platform
  • cTrader, a third-party platform

We tested the MT4 platform, as it is more widely used.

MT4 is available in an exceptionally large number of languages.

FxPro web trading platform languages
Traditional ChineseTurkishUkrainianUzbekVietnamese 

Look and feel

The FxPro MT4 web trading platform has great customizability. You can easily change the size and the position of the tabs.

However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist

FxPro review – Web trading platform

Login and security

FxPro provides only one-step login. It would be safer to require two-step authentication.

Search functions

The search functions are OK. You can find assets grouped into various categories. However, we missed the usual search function where you can type the name of an asset manually.

FxPro review – Web trading platform – Search

Placing orders

You can use all the basic order types. However, you won’t find more sophisticated order types such as ‘one cancels the other’. The following order types are available:

  • Market
  • Limit
  • Stop
  • Trailing Stop

Trailing Stop is available only in the MT4 desktop platform.

To get a better understanding of these terms, read this overview of order types.

There are also order time limits you can use:

  • Good ’til Canceled (GTC)
  • Good ’til Time (GTT)

FxPro review – Web trading platform – Order panel

Alerts and notifications

You can’t set alerts and notifications on the FxPro MT4 web trading platform. This feature is available only on the desktop trading platform.

Portfolio and fee reports

FxPro has clear portfolio and fee reports. You can easily view your profit/loss balance and the commissions you paid. These reports can be found under the ‘History’ tab. We couldn’t find a way to download them, however.

79.27% of retail CFD accounts lose money

FxPro review

Mobile trading platform

FxPro has a great mobile trading platform, provided by MT4. It is well designed and user-friendly, with a good search function. However, Touch/Face ID login is not supported.

User-friendly No Touch/Face ID login
Good search function No order confirmation
Price alerts 

FxPro offers different mobile trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and the FxPro Direct app. We tested MT4, similarly to the web trading platform.

Once you have downloaded the MT4 mobile trading platform, you should be able to access the relevant FxPro server, e.g. FxPro.com-Real07.

For iOS all the languages are the same as for web version. For Androind there is no option, it uses default language of the users’ phone. 

FxPro has a great-looking mobile trading platform, we really liked its design and user-friendliness. It is easy to find all the features.Look and feel



FxPro review – Mobile trading platform

Login and security

FxPro provides two-step login, which is optional to enable in order to make the login procedure safer.

You can’t log in using biometric authentication. Providing this feature would be more convenient.

Search functions

The search functions are good. You can search by typing the name of the product or by navigating the category folders.

FxPro review – Mobile trading platform – Search

Placing orders

You can use the same order types and order time limits as on the web trading platform. 

FxPro review – Mobile trading platform – Order panel

Alerts and notifications

You can set alerts and notifications for your mobile, although you can do it only on the desktop trading platform. It would be much easier if you could set these notifications on the mobile trading platform itself.

79.27% of retail CFD accounts lose money

FxPro review

Desktop trading platform

In design and functionality, FxPro’s MT4 desktop platform is almost the same as the web trading platform. A major difference is that you can set price alerts on the desktop platform.


 Clear fee report  No two-step (safer) login
Good customizability (for charts, workspace) Outdated design
Price alerts Search function could be improved

For desktop trading, you can use the cTrader as well as the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms; we tested MT4.

It has the same design, is available in the same languages, offers the same order types plus Trailing Stop, has the same search functions, and offers the same portfolio and fee reports as the web trading platform. The desktop trading platform doesn’t offer two-step authentication.

The major difference is that you can set alerts and notifications on the desktop trading platform in the form of mobile push and email notifications. To set up email or mobile notifications, you have to add your email address and mobile MetaQuotes ID (you can find it in the MT4 app’s settings). You can add these if you click ‘Tools’ and then ‘Options.’

FxPro review – Desktop trading platform

79.27% of retail CFD accounts lose money

FxPro review

Markets and products

At FxPro you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices. However, popular products such as real stocks or ETFs are not available.

FxPro is a CFD and forex broker with a large number of currency pairs offered. In addition they offer over 1700 stock CFDs which is similar when compared with some FxPro alternatives.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FxPro product selection
Currency pairs (#)705549
Stock index CFDs (#)292427
Stock CFDs (#)17001261660
ETF CFDs (#)500
Commodity CFDs (#)251522
Bond CFDs (#)7
Cryptos (#)3016

Cryptos are available depending on the clients IP address.

You can change leverage levels, which is great. Changing leverage is a very useful feature when you want to lower the risk of your trade. Always be careful with forex and CFD trading, as the preset leverage levels may be too high.

FxPro review


FxPro offers extensive technical analysis, and some great tools to give you a quick market overview. On the downside, it provides no fundamental data.

 Trading ideas None
Good set of analytical tools 

FxPro research tools have three sources:

  • The ‘Tools’ section on the FxPro Direct site
  • The ‘Analytics & Education’ section on the FxPro Direct site, which includes third-party services such as the LiveSquawk news feed and audio commentary as well as Trading Central’s trade recommendations.
  • MetaTrader trading platforms

Trading ideas

FxPro offers trading ideas from third-party provider Trading Central. To view these, go to ‘Analytics & Education’, then click ‘Trading Central’, followed by ‘Take me to Trading Central’.

FxPro review – Research – Recommendations

Fundamental data

FxPro offers some fundamental data through its economic calendar and FxPro Squawk. You can filter for countries and data types which is a useful tool for forex traders.

FxPro review – Research – Fundamental data


FxPro has OK charting tools. You can use 32 technical indicators. These charting tools can be found on the MetaTrader trading platforms.

On the negative side, the design is outdated and some features are hard to use. For example, it was hard to figure out how to remove an indicator from the chart.

FxPro review – Research – Charting

News feed

news feed with audio commentary is available under the ‘Analytics & Education’ menu, where you should click ‘Squawk’.

FxPro offers an economic calendar with some filtering functions (by date, relevance and currencies), and has a dashboard page with an overview of recent market moves and client positioning on forex markets.

FxPro review – Research – Dashboard

FxPro review

Customer service

FxPro’s customer service is fast, multilingual, and provides relevant answers. It is not available on weekends, though, and you cannot reach phone support directly.

Live chat No 24/7 support
Relevant answers 
Available in local languages 

You can contact FxPro via:

  • live chat
  • requesting a call back on the website
  • email

FxPro provides customer support in many languages

FxPro customer support languages
Arabic Chinese Czech English French German
Hungarian Indonesian Italian Japanese Korean Malaysian
Polish Romanian Russian Spanish Thai Vietnamese
Greek Turkish Slovak

FxPro has a great live chat service. We received quick and relevants answers.

We could not find a direct number to FxPro phone support, but you can request a call back on their website. This can save you phone costs, but it takes longer to reach customer support this way, at least in our experience. The answers we got were clear and detailed, however.

Email support works well too. We received answers within a few hours and they were relevant.

The only thing we missed was 24/7 availability.

FxPro review – Customer Service

79.27% of retail CFD accounts lose money

FxPro review


FxPro’s educational tools include a demo account, trading platform tutorials (though not for MetaTrader platforms), as well as educational videos and written materials.

Demo account No webinars
Trading platform tutorial 
Educational videos 

At FxPro you can learn in the following ways:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Written educational materials

FxPro provides educational videos on its YouTube channel. Among written materials, FxPro offers basic online forex courses, with tests for self-evaluation. Besides that, there is a quite thorough guide to technical analysis available at Trading Central. 

FxPro occasionally offers forex webinars, but we couldn’t find any upcoming ones at the time of our review.

FxPro review – Education

79.27% of retail CFD accounts lose money

FxPro review


FxPro is regulated by three financial authorities globally, including the top-tier FCA. It is a well-established brand, but it is not listed on any exchange and does not disclose financial information.


Negative balance protection Does not hold a banking license
 Regulated by top-tier FCA Not listed on stock exchange
  Financial information is not publicly available

Is FxPro regulated?

Yes, it is regulated by:

  • the Financial Conduct Authority (FCA),
  • the Cyprus Securities and Exchange Commission (CySEC),
  • and the Securities Commission of the Bahamas.

FxPro Financial Services Ltd (the entity handling most European clients) is additionally authorized by the South African Financial Sector Conduct Authority (FSCA).

Is FxPro safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

FxPro operates several subsidiaries; which one of these will serve you depends on your residency. This is important for you because the investor protection amount and the regulator differ from entity to entity.

FxPro investor protection
Country of clients Protection amount Regulator Legal entity
UK £85,000 Financial Conduct Authority (FCA) FxPro UK Limited
EEA €20,000 Cyprus Securities and Exchange Commission (CySEC) FxPro Financial Services Ltd
All other countries No protection Securities Commission of the Bahamas FxPro Global Markets Ltd

FxPro provides negative balance protection. If the balance on your account goes into negative, you will be protected.


FxPro was established in 2006. It is originally based in Cyprus. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

On the negative side, the company doesn’t disclose financial information and isn’t listed on any exchanges.

FxPro review

Bottom line

FxPro is regulated by several authorities globally, including the top-tier FCA.

On the plus side, opening an account is fast and takes place fully online and there are a lot of free deposit/withdrawal options. FxPro has great customer service, with many languages supported. 

FxPro has some drawbacks though. Its product range is limited to CFDs and forex. Its trading fees are generally low, but relatively high for some stock CFDs. A $15 one-off account maintenance fee and a monthly $5 fee is charged after 12 months of inactivity.* 

We recommend FxPro for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. Feel free to test it via the demo account.

*May vary on jurisdiction

79.27% of retail CFD accounts lose money

FxPro review


We recommend FxPro for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform.

Below you can find links to all aspects of FxPro in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our FxPro fees article.

What about the minimum deposit?

Our ultimate guide to the FxPro minimum deposit is updated regularly.

How to start your FxPro account?

Look no further than our evaluation of the FxPro account opening.

How’s their trading app?

Here’s our expert view after checking the FxPro trading app.

Is the quality of customer service satisfactory?

All you need to know about the FxPro customer service.

Legit or scam?

Is FxPro legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether FxPro is really free.

Is this broker good for beginners?

We checked it in Is FxPro good for beginners.

Should you buy your silver bullets on FxPro?

Research for silver bugs in the Silver buy on FxPro guide

I want to trade options, are they available at FxPro?

We explored the topic in Can you trade options on FxPro?

What is the minimum account balance at FxPro?

Check out the current account balance requirements at FxPro in our What is the minimum account balance at FxPro article.

Looking for commission and fees data for FxPro?

We collected them in FxPro commission and fees.

How do you withdraw money from FxPro?

We tested it and collected the options and costs in How to withdraw money on FxPro

Investors’ Marketplace 

Another new addition available from June 2020 is the Investors’ Marketplace. This is an overall networking tool, helping investors, brokers and hedge fund account holders, as well as others, to connect. The purpose of the connection can range from education to career development, advisory, administration and technology. 

Tax Optimizer, Shortable Instruments and alternative news sources

US residents can take advantage of IB’s Tax Optimizer, which lets clients choose their best tax method based on IRS reporting rules after trading. This includes maximizing long-term gains or minimizing long-term losses. 

The Shortable Instruments (SLB) Search tool lists the available shortable securities within the web platform and the borrowing volume that is provided for these securities. (SLB stands for Securities Lending/Borrowing.) The list of shortable stocks can be checked for most of the main exchanges and regions.

Interactive Brokers review – Research – Mutual Fund Search

Mutual Fund Search Tool

As of June 2020, Interactive Brokers has launched the Mutual Fund Search Tool on their website. This tool enables clients to browse and select international mutual funds by country, fund family and whether the fund charges extra commissions. With the ‘Fund Type’ filter, you can also search for funds based on their structure (e.g. only bond, only equity, or mixed investments).

Interactive Brokers review – Research – Economic calendar

The Economic Calendar informs you about upcoming events that will have an economic impact. This feature can be accessed separately any time from the menu, though the design could be better. If you are looking for an all-around economic calendar that includes upcoming national holidays, you can find it here on IB’s page.

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