FxPro Trading Platform Review

FxPro provides UK-based clients with a broad range of CFD trading opportunities across several asset classes. These include Forex, metals, shares, ETFs, and more.

FxPro Contact Information

FxPro is authorised and regulated by the Financial Conduct Authority (FCA) and maintains a strong commitment to regulatory compliance and client security. The broker’s pricing is competitive, with spreads from 1.2 pips on commission-free Standard accounts and from 0.0 pips on Raw+ accounts, where a $3.50 commission applies to Forex and gold trades. The availability of spread betting is another advantage.

For beginners, FxPro offers a demo account alongside a range of educational materials. Both beginners and experienced traders can contact customer support 24/5 via email, live chat, or phone.

Highlights of FxPro

• Broad CFD Range: FxPro offers trading in over 2,100 CFDs, including currencies, shares, indices, and ETFs, among others.
• Regulatory Oversight: The broker operates under strict oversight from established regulatory bodies, including the FCA in the UK.
• No Dealing Desk Execution: FxPro offers no dealing desk (NDD) execution, facilitating rapid trade execution using liquidity from 10+ leading providers.
• Client Fund Security: Client funds are held in segregated bank accounts, separate from the broker’s operational capital.
• Choice of Platforms: Traders can use MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, or FxPro WebTrader.
• Flexible Pricing Models: Traders can choose commission-free Standard accounts or Raw+ accounts with tighter spreads plus commission.
• Comprehensive Educational Resources: FxPro supports traders with a broad range of learning materials, including courses, video tutorials, and daily market insights.

Advantages and Disadvantages of FxPro

Available Markets at FxPro

Clients who open an FxPro account can access a broad range of contracts for difference (CFDs). The selection includes Forex, shares, spot indices, futures, spot metals, cryptocurrencies, exchange-traded funds (ETFs), and spot energy markets. Spread betting is also available on selected markets.

FxPro’s NDD execution model supports fast trading, with orders often filled in under 12 ms using liquidity sourced from leading providers.

Forex

FxPro enables clients to trade 70+ currency pairs, including majors, minors, and exotics. The broker uses five-digit pricing for more precise quotes and offers low spreads. FxPro also emphasises rapid order execution, with most trades completed in less than 11 milliseconds, helping to minimise slippage in fast-moving currency markets.

• 70+ currency pairs: Access to a wide range of major, minor, and exotic pairs.
• Five-digit pricing: Provides more precise quotes.
• Fast execution: Trades are typically filled in under 11 milliseconds.
• No Dealing Desk (NDD): Provides direct market access and transparent execution.
• Educational resources: Support for new traders learning Forex fundamentals.

Average Forex Spread at FxPro

Shares

With FxPro, clients can trade share CFDs, speculating on the share price movements of global companies without owning the underlying shares.

CFD trading offers the potential to profit from both rising and falling share prices. The platform provides access to share CFDs on major companies in the US, UK, and other regions. This extensive selection, combined with fast order execution, provides a flexible way to participate in the stock market.

• 1,800+ share CFDs: Clients can trade CFDs on a broad selection of companies.
• No physical ownership: FxPro enables speculation on price movements without owning the underlying shares.
• Profit from both directions: Clients may go long or short based on their market expectations.
• Fast execution: Supports quick order execution for share CFDs.
• Diversification: Opportunities to diversify across various global equity markets.

Futures

Futures contracts allow traders to agree a price for an asset to be bought or sold at a specified future date, enabling them to capitalise on anticipated price movements. FxPro provides CFDs on futures contracts. These cover a broad range of instruments, including agricultural commodities (such as cocoa and coffee), stock indices, and energy commodities.

• Wide range of assets: Includes commodities, indices, and energy markets.
• Speculate on future prices: Traders can take positions on the value of assets at a specified future date.
• Exposure to various markets: Helps spread risk across different market segments.
• Flexible positions: At FxPro, clients can open buy or sell positions based on their market forecasts.
• Educational content: The broker offers a range of resources covering futures trading.

Energies

FxPro offers spot energy trading, providing access to some of the world’s most important raw materials. Clients can also speculate on the price movements of popular energy commodities such as Brent oil, WTI (West Texas Intermediate) crude oil, and natural gas via CFDs.

These markets are strongly influenced by global supply and demand, making them attractive for short-term trading, especially during periods of increased consumption. FxPro’s platforms support efficient trading in energy CFDs, allowing traders to react quickly to market movements.

• Key energy commodities: Trade Brent oil, WTI, and natural gas.
• Spot trading: Trade at current market prices.
• Multiple platforms: Energy trading is available on MT4, MT5, cTrader, and FxPro WebTrader.
• Short-term trading potential via CFDs: Energy CFDs offer a way to trade price movements driven by surges in consumption.
• Demo account practice: Test energy trading strategies without financial risk before trading live.

Metals

Metals are often considered ‘safe-haven’ assets during economic uncertainty, making them a popular choice for both capital preservation and growth. FxPro enables clients to trade metals through CFDs. The selection includes popular instruments such as gold, silver, platinum, palladium, copper, lead, and zinc. Leverage is capped at 1:20 for gold and 1:10 for other metals. These limits apply to retail clients in the UK.

• Diverse metal selection: Trade gold, silver, platinum, palladium, copper, lead, and zinc.
• Safe-haven appeal: Popular for capital preservation during periods of instability.
• Competitive spreads: Spreads start at 12 points on gold.
• Variable leverage: Leverage differs by metal and client category, with retail gold traders able to use leverage of up to 1:20.
• Demo account available: Practise metals trading without financial risk.

Indices

FxPro allows clients to trade CFDs on popular global stock indices, offering exposure to the performance of entire market segments. Traders can speculate on indices such as the DAX 30, Dow 30, S&P 500, FTSE 100, FTSE 250, Euro Stoxx 50, and Nikkei 250.

Index CFDs are favoured by many FxPro clients for their transparent terms, accurate quotes from multiple liquidity providers, and comprehensive analytical tools. The platform supports various trading styles, including scalping, hedging, and swing trading, and allows the use of Expert Advisors (EAs).

• Major global indices: Access to popular stock market benchmarks.
• Clear terms: Transparent trading conditions for indices.
• Accurate quotes: Prices sourced from multiple liquidity providers.
• Supports various strategies: The broker accommodates scalping, hedging, and more.
• Expert Advisor (EA) compatibility: Traders can automate their strategies.

Cryptocurrencies

FxPro gives professional clients access to the fast-moving cryptocurrency markets through CFDs. Crypto CFDs cover digital coins typically paired with USD, allowing clients to trade price movements without owning the digital asset. Retail clients cannot trade cryptocurrencies at FxPro due to UK regulations.

• Crypto CFDs: Speculate on digital asset price movements.
• Professional client access: Available only to professional clients.
• USD pairings: Clients can trade cryptocurrencies against the US dollar.
• Leverage flexibility: Professional clients have access to high leverage.

ETFs

Exchange-traded funds (ETFs) can be traded via CFDs at FxPro, offering a flexible way to gain exposure to diverse asset classes without owning units in the underlying fund. This means clients can take buy or sell positions on ETF CFDs and potentially profit from both rising and falling markets. FxPro’s selection of ETF CFDs spans various categories, including bonds, commodities, currencies, equities, real estate, and volatility.

• ETF CFDs: Trade ETFs without owning units in the underlying fund.
• Diversification benefits: Exposure to a wide range of assets in one trade.
• Two-way trading: CFDs offer the potential to profit from both upward and downward market movements.
• Leverage availability: Increased market exposure through leveraged positions.
• Global market access: Access to various sectors across international markets.

Trading Costs at FxPro

Understanding trading costs is an essential part of successful trading. Before placing any trades, clients should review a broker’s fee structure thoroughly, including both direct trading charges and other administrative costs. At FxPro, potential costs include spreads, commissions, and inactivity fees, among others. Below, we provide a comprehensive overview of these and other charges to help traders assess the overall cost of trading with FxPro.

Spreads

The bid-ask spread is a fundamental trading cost built into the quoted price of a financial instrument. A wider gap between the buying and selling prices means a higher immediate cost for the trader.

FxPro’s Standard account uses a spread-only model. For example, EUR/USD spreads start at 1.4 pips, with an average of 1.43 pips. GBP/USD has a minimum spread of 1.6 pips. Gold spreads start at 25 cents.

Clients choosing FxPro’s commission-based Raw+ accounts can access spreads as low as 0.0 pips, plus commission. Other account types, such as cTrader and FxPro VIP Premium, also offer competitive spreads. On cTrader, the minimum spread on both EUR/USD and GBP/USD is 0.4 pips.

Commissions

FxPro charges $3.50 per side per standard lot on its Raw+ and cTrader accounts. This charge applies only to major Forex pairs and gold, while other instruments have marked-up spreads and are commission-free.

Under this commission structure, a standard lot trade (100,000 units) on a commission-based account incurs a total charge of $7.00 for a round turn (opening and closing the position). For smaller trade sizes, such as a mini lot (10,000 units), the round-turn commission falls to $0.70, and for a micro lot (1,000 units), it is $0.07.

Overnight Fees and Financing Charges

Overnight financing charges (swaps or rollover) apply when leveraged positions are held beyond the end of the trading day. The charge or credit is influenced by prevailing market conditions and the interest rate differential between the currencies in a pair.

FxPro’s institutional partners calculate these daily rates using sophisticated risk-management analysis, with each currency pair having its own swap rate. Traders can check the applicable swap charges for a position by opening the ‘Market Watch’ window in MetaTrader, right-clicking on the relevant instrument, selecting ‘Symbols’, and then choosing ‘Specifications’ to view the detailed long and short swap rates. FxPro does not add any charges to these standard swap rates, keeping this aspect of its trading costs transparent.

Swap rates change regularly, so it is important to check the exact figures whenever you expect to hold a position overnight.

Non-Trading Fees

In line with industry practice, FxPro does not charge for deposits. The broker also generally waives withdrawal fees across its available payment methods.

However, banks or e-wallet providers may apply their own fees, separate from FxPro’s charges. FxPro also explicitly states that clients who request withdrawals from e-wallet accounts without having traded may be subject to additional fees.

Beyond deposits and withdrawals, FxPro charges an inactivity fee. A charge of $10, or its equivalent in the account’s base currency, applies to accounts that remain dormant for six consecutive months.

Trading Platforms Supported by FxPro

FxPro provides a broad selection of trading platforms, allowing clients to choose one that suits their needs and trading style. These platforms support efficient trade execution across various financial instruments, from Forex to commodities and indices.

FxPro WebTrader

FxPro offers its proprietary platform, FxPro WebTrader. This platform is particularly well suited to spread betting, providing access to currency pairs, precious metals, energy markets, futures contracts, and indices.

The platform is user-friendly, with an adaptable interface that traders can personalise to their preferences. WebTrader works across various browsers on both desktop and mobile devices.

• Dozens of technical analysis indicators: A comprehensive set of over 50 technical analysis indicators.
• Pending orders: Support for four distinct types of pending order.
• Various chart display formats: Six different chart display formats for detailed analysis.
• Chart timeframes: Fifteen chart timeframes for monitoring market movements.
• Market sentiment: Real-time sentiment data for major currency pairs.

MetaTrader 4

MetaTrader 4 (MT4) is a legacy platform launched in 2005 that remains a popular choice among traders worldwide.

Its enduring popularity stems from its intuitive interface and robust trading features, which appeal to both experienced professionals and those new to the markets. MT4 provides the essential tools for in-depth market analysis, efficient order placement, and comprehensive position management.

Combined with FxPro’s advanced trading infrastructure and competitive pricing, MT4 offers several benefits for Forex traders:

• Charting capabilities: Extensive charting and analysis tools with 30 technical indicators. A selection of 24 analytical charting tools is also available.
• Automated trading: Tools for developing and deploying automated trading strategies through Expert Advisors (EAs).
• Single-click trading: Streamlined chart-based and single-click trading options.
• Trading Central: Integration with Trading Central through a dedicated plugin.

MetaTrader 5

FxPro also provides access to MetaTrader 5, an enhanced version of its predecessor. MT5 retains the core capabilities of MT4 while introducing a range of additional features and expanded functionality.

The improvements include a significantly larger selection of timeframes and the useful Depth of Market (DoM) feature, providing greater scope for analysis. The platform is designed to offer a more comprehensive trading experience, supporting a broader range of financial instruments and analytical tools for advanced traders.

• Level II pricing: Advanced Level II/Depth of Market data.
• Charting capabilities: Flexible, detachable charts for customised workspace layouts.
• Economic calendar: An integrated economic calendar to track market-moving events.
• Pending orders: Six different types of pending order to support a range of strategies.
• Social trading: Access to the active MQL5 community for resources and collaboration.

cTrader

Known for its intuitive design and powerful built-in charting and trading tools, cTrader is another option for UK clients. The platform is designed for rapid trade execution, allowing traders to act quickly on market opportunities.

cTrader supports straightforward trading across all available financial instruments, providing a streamlined and efficient experience. Developed by financial technology company Spotware Systems Ltd, the platform emphasises precision and a user-focused approach to trading.

Core features of the cTrader platform include:

• Order types: Advanced order types, including trailing stops and break-even stop-loss orders.
• Charting capabilities: Four distinct chart types for visualising market movements and more than 26 chart timeframes for detailed analysis.
• Broad range of technical indicators: Over 55 built-in technical indicators to support decision-making.
• Analysis tools: Market sentiment, an economic calendar, and a news feed.

Mobile Trading at FxPro

FxPro offers comprehensive mobile trading through both its own proprietary platform and popular third-party platforms such as MetaTrader 4 (MT4). These mobile apps are designed to provide the full functionality of their desktop counterparts, allowing clients to manage their accounts and place trades from any location with internet access.

The FxPro mobile platform includes a range of advanced features for trading on the move. Clients can access TradingView-powered charting tools, including numerous technical indicators and drawing tools for in-depth analysis.

Beyond trading, the app supports efficient fund management, making it straightforward to open and manage both demo and live accounts, transfer funds instantly, and make swift withdrawals. To protect personal information and funds, the platforms use high-level data encryption, two-step authentication, and options for passcode and fingerprint access, providing multiple layers of security.

An integrated economic calendar with push alerts for increased market volatility is also available. It helps traders stay informed about key economic events and their potential impact on market movements.

The dedicated FxPro app is available for Android (version 10.0 or later) and iOS (version 16.0 or later) and can be downloaded from major app stores. MT4/5 and cTrader apps are also available through these stores.

Account Types Available at FxPro

FxPro provides a range of trading accounts designed to suit different trading styles and experience levels. This section explains each account type, highlighting its features, benefits, and intended users. From commission-free spread betting to platforms and conditions for professional traders, FxPro aims to meet a broad range of client needs. Understanding these differences is important for traders seeking to optimise their strategies and make the most of market opportunities.

Edge Spread Betting

For UK clients, the Edge Spread Betting account offers a potentially tax-efficient way to participate in financial markets, depending on individual circumstances. The account features variable spreads with a small markup to keep trading costs down. It supports commission-free trading across a wide range of instruments, including currencies, futures, indices, and precious metals.

• Minimum stake of £0.10 per trade.
• No commission on trades.
• Access to various asset classes.
• Exclusive to FxPro Edge WebTrader.
• Supports hedging for position management.

MT4/5 Standard

The Standard MT4/MT5 account is a versatile option for traders seeking a balanced offering with competitive conditions. It offers fast execution and variable spreads, making it suitable for a range of trading strategies across different asset classes. A modest initial deposit provides access to Forex trading, metals, and energy markets.

• Minimum deposit of £50.
• No commission on trades, with spreads from 1.2 pips on major Forex pairs and 25 cents on gold.
• Access to MT4 or MT5 platforms.
• Supports both hedging and netting.
• Includes Forex, metals, indices, energy markets, and futures. Shares and ETFs are available on MT5.

MT4/5 Raw+

The MT4/5 Raw+ account may suit traders who prioritise low spreads starting from zero pips. These are combined with a clear commission structure, making the account attractive to high-volume traders. It provides access to an extensive range of instruments, supporting varied trading strategies.

• Spreads start from 0.0 pips on major Forex pairs. For gold, the minimum spread is 10 cents.
• A fixed commission of $3.50 per side applies to major Forex pairs and gold. Indices and energy commodities are commission-free.
• Supports hedging on MT4.
• Offers a choice of hedging or netting on MT5.
• Includes various CFD instruments with specific commission structures.

cTrader

The cTrader account is designed for clients who prefer the intuitive and powerful cTrader platform. It offers transparent pricing with competitive spreads and a distinct commission model for specific assets. The account is particularly favoured for its advanced order types and analysis tools, and it supports hedging. cTrader accounts also support micro lot trading.

• Commission-free trading on energy commodities, indices, and cryptocurrencies.
• Commission of $3.50 per side per standard lot on Forex and metals.
• Lower spreads on Forex and metals, with no markup.
• Does not support trading in shares or ETFs.
• No minimum stop/limit levels.

Professional Trading Account

Experienced traders who meet specific criteria can opt for a Professional Trading Account, which offers enhanced trading conditions. The account provides higher leverage but involves waiving certain regulatory protections, catering to clients with substantial trading experience and financial knowledge. Despite these waivers, it retains key safeguards such as negative balance protection. This is rare among Forex brokers serving UK traders.

• Leverage of up to 1:500.
• FxPro offers negative balance protection to professional clients.
• Ability to revert to retail status.
• NDD execution.
• Eligibility: meet two of three criteria: significant transactions (10+ per quarter over the last four quarters), portfolio ≥ €500,000, or ≥ one year’s professional experience in finance.

VIP Trading Account

The VIP Trading Account is designed for high-net-worth individuals and high-volume traders, offering premium benefits and preferential trading conditions. It provides significant cost savings and additional resources to support trading. Eligibility typically requires a substantial deposit.

• Up to 30% reduction in market spreads.
• Complimentary access to a virtual private server (VPS).
• Reduced commission on cTrader accounts (up to 30%).
• Access to premium trading conditions.
• Requires a minimum deposit of $50,000 (or the GBP equivalent) to qualify.

Demo Account

FxPro offers a comprehensive demo account, providing an environment without financial risk for both new and experienced traders. Clients can practise strategies and familiarise themselves with the platforms using virtual funds in real-time market conditions. This is a useful tool for developing skills and testing strategies.

• Virtual funds of up to 100,000 units of the user’s base currency.
• Real-time pricing data.
• Accessible across all FxPro platforms.
• Valid for 180 days from activation.
• Offers various educational resources and tools.

Customer Support at FxPro

FxPro places a strong emphasis on reliable, accessible customer support so that UK clients can receive timely assistance with their trading needs. The broker’s dedicated team is available throughout the working week to address general enquiries, technical issues, and account-specific questions. It offers several convenient contact methods designed to provide quick responses and minimise potential disruption to trading.

These include a responsive live chat service that typically provides assistance in under 30 seconds, in our team’s experience. For those who prefer to speak to someone directly, telephone support is also available, with a callback option for added convenience. Email enquiries are handled promptly, usually receiving a response within a few hours.

FxPro also maintains a comprehensive FAQ section on its website, where clients can find immediate answers to common questions about accounts, deposits, withdrawals, and using the platforms.

Regulatory Background and Compliance

FxPro operates within a strict regulatory framework and, in the UK, is subject to oversight by the FCA under firm reference number 509956. This regulation requires adherence to high industry standards, including rules governing the secure handling of client funds.

In addition to its FCA authorisation, FxPro is authorised to operate in several other jurisdictions. The regulators overseeing its operations include the SCB (Bahamas; international operations), CySEC (Cyprus; Europe), FSCA (South Africa), and FSA (Seychelles).

Alongside regulatory compliance, FxPro applies several key measures to safeguard client assets. All client funds are segregated from the company’s operational capital and held in separate accounts with major international banks, ensuring they cannot be used for the firm’s own purposes.

FxPro also provides negative balance protection, so clients cannot lose more than their deposits. Depending on the regulated entity, clients may also benefit from investor compensation schemes. In the UK, the compensation limit is £85,000.

*Crypto trading is available only to professional clients at FxPro’s UK entity

Client Security at FxPro

FxPro prioritises the security of its clients’ funds and personal information through regulatory compliance and advanced technological safeguards. Operating under the oversight of multiple financial authorities, including the FCA in the UK and CySEC in Cyprus, FxPro is committed to meeting strict industry standards. Key FCA-mandated safeguards include client money segregation and negative balance protection.

Alongside regulatory compliance, FxPro uses advanced security measures to protect client data. These include high-level data encryption across all platforms and apps to keep sensitive personal details securely stored and protect them from unauthorised access. The company also offers two-step authentication, passcodes, and Touch ID options within its mobile app.

FxPro’s security page also provides guidance on steps clients can take to protect themselves. The tips include how to identify suspicious or fraudulent websites and how to maintain strong passwords, among other security measures.

What Do UK Traders Say About FxPro?

FxPro has a strong reputation on Trustpilot, with an aggregate score of 4.3/5 from over 1,000 customer reviews. A clear majority, 60%, awarded the broker the highest 5-star rating. By contrast, 12% gave it a single star.

Customer feedback reflects a range of experiences. Many clients praise the extensive selection of tradable instruments. Other positive comments frequently highlight consistent service quality, educational resources that support informed trading decisions, and very fast customer support responses. However, some negative reviews report withdrawal delays and connection issues. Despite these concerns, FxPro actively responds to both positive and negative feedback, offering further assistance where needed.