FxPro review 2026

Quick verdict

FxPro is a forex and CFD broker that lists regulated entities in the United Kingdom, Cyprus, South Africa and The Bahamas. It offers MT4, MT5, cTrader, its own FxPro app and a web platform, with two main pricing styles: a Standard account with no commission and a Raw+ account with a commission.

Our short answer: FxPro looks like a serious, well-regulated broker, and it is one of the few in this group that offers cTrader as well as both MetaTrader versions. It says there is no fixed minimum deposit, but it recommends USD 1,000. For a trader with a very small budget, that recommendation matters, because a thin account is easy to stop out.

On costs, FxPro says the Standard account has forex spreads from 1.2 pips, and the Raw+ account has spreads from 0.0 with a commission of USD 3.50 per lot per side. That is a clear structure. You choose between paying through the spread or paying through a separate commission.

The licences are the main strength. The FCA entity, FxPro UK Limited, holds licence 509956, and the Cyprus entity, FxPro Financial Services Ltd, holds CySEC licence 078/07. But, as with any group, the protection you get depends on which entity opens your account. For readers in Africa, Asia and Latin America, that is often not the UK or Cyprus company. Check the name in your client agreement.

What we could not confirm: a published withdrawal time, the maximum leverage for your country, and the share of retail accounts that lose money. We say so plainly, and we show you how to check each one.

Every trader should read this plainly: CFDs are complex instruments and come with a high risk of losing money quickly because of leverage. Never trade with money you need for rent, food, school fees or emergencies. Most retail traders lose money, and that is why the risk figure in each broker's own warning matters. Start small, learn first, and treat trading as a skill that takes time, not as a shortcut to income.

Is FxPro legit and safe?

FxPro appears to be a legitimate, regulated broker. Its licences page lists four regulators, and we have recorded the licence number for each. Legitimate does not mean risk-free, and it does not mean that every FxPro customer has the same protection. What counts is which FxPro company you sign with.

Large brokers usually run several companies in different countries, and each one has its own licence, its own rules and its own protections. The company that holds your account depends on where you live and which website you sign up on. This matters because the safety level, the leverage limits and the complaint route are tied to that company, not to the brand name. When you register, find the legal entity named in the terms and conditions, then check that exact name on the regulator's register. A tier-one logo in the website footer does not automatically cover an account opened with a different company.

Checking a licence takes about five minutes and is the best habit you can build. Go to the regulator's own website, not to a link inside the broker's page. Open the public register, type the licence number or the company name, and read the result. Check three things: the company name matches the one in your client agreement, the status is active, and the services listed include dealing in the products you want to trade. If the name, number or status does not match, stop and ask the broker for an explanation before you send any money.

The four licences in our record are explained below. Please check each one yourself on the regulator's own register, using the links we give.

Not all regulators offer the same protection. Regulators in large financial centres usually publish strict rules on client money, reporting, complaints and leverage, and they can fine or shut down firms. Regulators in smaller offshore centres often have lighter rules and fewer tools for a trader who has a dispute. A licence from any regulator is better than none, but it is wise to know which company holds your account and what the regulator behind it can realistically do for you. Read the regulator's page about how to complain, so you know the route before you ever need it.

A well-run broker keeps client money in segregated accounts, separate from the company's own money. That is meant to protect your funds if the company runs into trouble. Segregation is a rule in many regulated places, but it is only as good as the rules behind it. Look in the client agreement for a clause about where client funds are held, and which bank holds them. Some regulators also run a compensation scheme that pays out up to a set limit if a broker fails. Whether such a scheme applies to you depends on the company that holds your account, so ask before you assume.

If something goes wrong, work through the steps in order. First, write to the broker's support and describe the problem with dates, amounts and screenshots. Keep every reply. Second, if you get no fair answer, use the broker's formal complaints process, which a regulated company must have. Third, take the case to the regulator or to the independent dispute service named in the client agreement. The route available to you depends on the company that holds your account. Knowing this before you deposit costs nothing and makes any later problem far easier to solve.

Warning signs of a scam broker are easy to learn. Be careful when someone you met online promises guaranteed profits, pushes you to deposit quickly, asks you to move to a messaging app, or says a "manager" will trade for you. Be careful with websites that only copy a real broker's name with a slightly different address. Always type the broker's address yourself, check the licence on the regulator's own site, and never send money to a personal account or to a crypto wallet that support gave you in a chat.

FCA licence (FxPro UK Limited)

The Financial Conduct Authority (FCA) regulates financial firms in the United Kingdom. FxPro's licences page lists FxPro UK Limited with the number 509956. You can search the FCA register at https://register.fca.org.uk/ using the number or the name. Check that the status is authorised and see which activities are covered. UK rules are strict, and they come with limits on retail products. This licence is a good sign for the group, but it protects clients of the UK company. A trader in Nigeria or Brazil, for example, would normally not be a client of that company, so confirm what applies to you.

CySEC licence (FxPro Financial Services Ltd)

The Cyprus Securities and Exchange Commission (CySEC) supervises investment firms in Cyprus. FxPro says FxPro Financial Services Ltd holds licence 078/07. The CySEC register of investment firms is at https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/. Cyprus firms follow European Union rules, which set limits on leverage and require certain protections for retail clients. That framework is a recognised standard, but again, it applies to clients of that entity.

FSCA licence (FxPro Financial Services Ltd)

The Financial Sector Conduct Authority (FSCA) supervises financial service providers in South Africa. FxPro's licences page lists FSP number 45052 against FxPro Financial Services Ltd. You can search the FSCA register at https://www.fsca.co.za/Fais/Search_FSP.htm. If you live in South Africa or elsewhere in Southern Africa, this is the licence to look at first. Check the licensed company name, the status and the products covered, and compare the name to your client agreement.

SCB licence (FxPro Global Markets Ltd)

SCB is the Securities Commission of The Bahamas. The FxPro licences page shows licence SIA-F184 for FxPro Global Markets Ltd. The register is at https://www.scb.gov.bs/. Offshore licences are common for brokers that serve clients across many countries. They usually allow more flexibility, such as higher leverage, but they usually come with fewer client protections than the UK or EU frameworks. If support tells you that your account will be with this company, read the client agreement carefully and ask about client funds, complaints and negative balance protection.

FxPro fees and spreads explained

FxPro gives a clear choice between two ways to pay: through the spread on a Standard account, or through a commission on a Raw+ account. Its commissions and swap charges page is the source for the figures below.

The spread is the small gap between the price you pay to buy and the price you get when you sell. It is the most common cost in forex. A pip is the usual unit for measuring it, normally the fourth decimal place of a currency price. If the spread on a pair is tight, you lose less the moment you open a trade. If it is wide, the price has to move further in your favour before you are even at break-even. Spreads are not fixed. They tend to widen when markets are thin, around big news, and when you trade less popular currency pairs. So a low advertised spread is a good sign, but it is never a promise for every moment of the day.

FxPro says the Standard account has forex spreads from 1.2 pips. Again, "from" is the best case. You will see wider spreads at quiet times, around news, and on less common pairs. There is no separate commission on this account, so the spread is your cost.

Some accounts charge a commission on top of a very small spread. The commission is a fixed fee for each trade, usually quoted per lot. A lot is simply the size of a trade; the standard full-size lot is the biggest common unit, and most brokers also let you trade smaller fractions of it. When a price is quoted "per side", you pay it once when you open and once when you close, so the full cost of one round trip is the two sides added together. Always add the commission and the spread together when you compare two accounts. An account with a zero spread and a commission can cost more or less than an account with a wider spread and no commission, depending on how you trade.

On Raw+, FxPro says spreads can start from 0.0, and the commission is USD 3.50 per lot per side. A round trip, opening and then closing, costs the per-side amount twice. Add that to the spread when you compare accounts.

A quick way to decide: if you place many short trades, compare the Raw+ total cost (tiny spread plus commission both sides) with the Standard spread on the same pair at the same time. If you place few trades and hold them longer, swaps may matter more than the commission.

A swap (also called rollover or overnight fee) is a small charge or credit for keeping a trade open past the end of the trading day. It exists because you are effectively borrowing one currency to buy another. Depending on the pair and the direction of your trade, the swap can cost you money or occasionally pay you a little. Day traders who close everything before the daily cut-off often never see it. Swing traders who hold for days see it clearly. Before you hold a trade for long, open the broker's swap table in the platform and read the exact figure for your instrument. We do not quote swap numbers here because they change often and depend on the instrument.

FxPro publishes a page with commissions and swap charges. Read it for the instrument you plan to trade, because swaps differ by instrument and by direction. We do not copy the swap figures here because they change.

Slippage happens when your trade is filled at a slightly different price from the one you clicked. It is normal, and it can work for you or against you. It is most common during fast news releases and when the market is thin. A broker with good execution keeps slippage small in normal conditions, but no broker can remove it completely. If you plan to trade the news, expect it, use smaller position sizes, and consider limit orders, which only fill at the price you set or better. Test execution on a small live trade at a quiet time and again near a news event, and compare what you clicked with what you got.

Account types at FxPro

In our record, FxPro offers two pricing styles: Standard and Raw+. FxPro describes Standard as the account with no commission, and Raw+ as the account with a commission.

Standard. The spread is wider (forex from 1.2 pips) and there is no commission. This is the easiest to understand for a beginner, because the cost is in the spread, which you can see before you click.

Raw+. The spread is very low (from 0.0) and a commission of USD 3.50 per lot per side applies. This suits active traders who want to see costs separated, and who place enough trades for the tight spread to matter.

ECN stands for electronic communication network. In plain words, an ECN-style account passes your orders towards liquidity providers and shows a very tight spread, then charges a separate commission. A standard account usually has the cost built into a wider spread and no commission. Neither is better for everyone. If you trade often in small sizes, the commission and the tight spread can add up to a lower total cost. If you trade rarely, the simple standard account may be easier to understand.

We could not confirm other account types, such as Islamic accounts, from the pages we checked. If you need one for religious reasons, ask FxPro support whether it is offered for your country and what the conditions are, including how swaps are handled.

The best test is practical. Open a demo, place the same kind of trade on both styles, and compare the total cost. Then decide.

A demo account lets you trade with virtual money at live prices. Use it for three things: learning the platform, testing how a strategy behaves, and checking the broker's spreads at different times of day. Its limits are real. Demo fills are usually cleaner than live fills, and trading with pretend money does not teach you how it feels when real money is on the line. Treat the demo as a rehearsal, then move to a small live account before you decide whether the broker suits you.

Minimum deposit: how much do you need to start?

FxPro's help pages say there is no fixed minimum deposit, but USD 1,000 is recommended. That wording is important. It means you may be able to fund an account with less, but the broker itself suggests a larger amount for a reason: very small accounts are easier to stop out and harder to manage.

Do not read "no fixed minimum" as "start with the smallest possible amount". The payment method you use can have its own minimum. Check the screen where you make the deposit, and ask support whether any method has a lower limit for your country.

If you cannot afford to deposit the recommended amount, consider whether this is the right broker for you right now. There are brokers that publish a very low minimum. If you decide to go with a smaller deposit anyway, use the smallest trade sizes and a stop-loss every time.

A simple habit protects most beginners: decide in advance how much of the account you are willing to lose on one trade, and keep it small, often one to two percent of the balance. Then place your stop-loss so that a loss, if it happens, costs only that amount, and calculate your position size from it. This way a run of losing trades, which happens to everyone, does not end your account. Never add money to a losing trade hoping it will come back.

Currency conversion is a quiet cost. If you fund your account in your local currency but the trading account is held in another currency, someone has to convert the money, and the exchange rate used is rarely the exact market rate. The difference is a fee in disguise. Where possible, choose an account currency that matches the currency you deposit in, and compare the rate you receive with the live market rate on the day.

Deposit and withdrawal methods

FxPro's deposit page lists bank wire transfers, credit and debit cards, PayPal, Neteller and Skrill, plus "many more local options". Our record puts this into six groups:

• Bank wire
• Credit and debit cards
• PayPal
• Neteller
• Skrill
• Local methods

The local methods will matter most to many of our readers, and they are the part we cannot name. They differ by country. Before you register, open the deposit page on FxPro's website while selecting your country, or ask support to send you the list for your country in writing.

On withdrawals, our record says funds go back to the same method you used to deposit, with cards, PayPal and Skrill refunded first, and bank wire used for the rest. That is a standard anti-money-laundering rule, and it means you should plan your first deposit around how you want to withdraw.

Most regulated brokers return withdrawals to the method you used to deposit, up to the amount you put in with that method, and only then send profits by another route such as bank wire. This follows anti-money-laundering rules. It also means that your first deposit method matters: pick the one you can also receive money on, in your own name, and that works well in your country.

A broker saying it charges no fee does not always mean your money moves for free. Your own bank, card issuer or e-wallet may charge for the transfer, and a middleman bank can take a cut on international wires. If your account is in one currency and your payment is in another, there may also be a currency conversion margin. These costs can be small, but they add up on small deposits. Before you pay, look at the full cost on the payment screen, and check what your own bank charges.

Identity checks, often called KYC (know your customer), are a legal requirement for regulated brokers. Expect to upload a government photo ID and a recent proof of address such as a utility bill or bank statement. The documents must be clear, uncut and current, and the name and address must match what you typed in the form. Most delays come from blurry photos, expired documents or a name that does not match exactly. Prepare good scans first and the process is usually smooth.

How long do FxPro withdrawals take?

We could not confirm a published withdrawal time for FxPro, so we do not give one. We do not have verified test data to quote either. If you see a number on another site, treat it as unconfirmed until you have tested it.

Withdrawal speed has two parts. The first is how long the broker takes to approve and release your request. The second is how long your bank, card or wallet takes to receive it. Wallets are often quicker than bank wires, and wires that cross borders can take several working days. Requests sent at the weekend or on a public holiday usually wait until the next working day. Ask support for the exact process and time before you deposit, and test it with a small amount.

A practical way to measure it:

• Ask support: "How long does FxPro take to process a withdrawal to my chosen method, and when is the daily cut-off?"
• Finish identity verification before you deposit.
• Deposit a small amount and request a small withdrawal to the same method.
• Note the date and time you asked and the date and time the money arrived.
• Check whether any fee was charged by FxPro or by your bank.

Remember the order of refunds in the FxPro rules in our record. Money goes back through cards, PayPal and Skrill first. If you deposited by several methods, expect your withdrawal to be split in that order.

Before you trust any broker with serious money, do a small test. Deposit a small amount you can afford to lose. Place a couple of tiny trades and close them. Then request a withdrawal of part of the money and watch how long it takes and what it costs. This one hour of effort tells you more than any review, including ours. Keep screenshots and the transaction numbers. If anything is slow, unclear or surprising, you have found out cheaply.

Safe withdrawal habits protect you more than any promise on a website. Withdraw to the same account or wallet you used to deposit, because brokers must follow anti-money-laundering rules and will usually refuse anything else. Make sure the name on your payment account matches the name on your trading account. Finish identity verification before you deposit, not after you request your first withdrawal. Withdraw profits regularly instead of letting a large balance sit for months. And never share your login, your verification codes or your payment details with anyone who contacts you, even if they say they work for the broker.

Trading platforms

FxPro lists five ways to trade: MT4, MT5, cTrader, the FxPro app and the FxPro WebTrader. Its platform comparison page explains the differences.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used retail platforms in the world. MT4 is older, simple and focused on forex, with a huge library of indicators and automated tools. MT5 is the newer version with more timeframes, more built-in analysis tools and access to more kinds of markets. Both run on desktop, in a browser and on phones. If you are new, either is fine. Choose the one your learning material uses, so you can follow tutorials without confusion.

cTrader is a platform built for traders who like a clean modern layout and clear depth-of-market information. Many traders using ECN-style accounts prefer it for its order handling and its charts. If you have only used MetaTrader, give it a try on a demo account first. The buttons are in different places and the way you set stop-losses is a little different, and you do not want to learn that with real money.

FxPro WebTrader. This runs in your browser, so you do not need to install anything. It is useful on a shared or work computer, and for a quick check. As with any web platform, always log out on a shared device.

FxPro app. FxPro's own app is meant for mobile use. We did not confirm its full features, so test it on a demo to see what you can do from your phone.

Trading on a phone is convenient and is also where many beginners make mistakes. Screens are small, taps are easy to miss and it is tempting to trade in the middle of other things. If you use the app, turn on a screen lock and two-step login, set your stop-loss the moment you open a trade, and keep the position small. Do the real analysis on a bigger screen, and use the phone to check and manage.

Know the basic order types before you trade live. A market order fills at the best price available now. A limit order waits for a price you choose or better. A stop order becomes a market order once the price reaches your level, and a stop-loss is the stop order that closes a losing trade for you. Using a stop-loss on every trade is the single most protective habit in retail trading.

Some brokers allow you to hold a buy and a sell on the same instrument at the same time, which is called hedging. Others net the positions against each other. It is a small rule that changes how your strategy behaves, so check which one your account uses before you rely on it.

Leverage and risk

We could not confirm FxPro's maximum leverage from the pages we checked. It depends on the regulator behind your account, your country and the instrument. European and UK entities must follow strict caps for retail clients. Offshore entities can offer more. Ask support which leverage applies to your account and get it in writing.

Leverage lets you control a larger position than your deposit alone would allow. With a ratio such as 1:10, each unit of your money controls ten units in the market. That magnifies gains, but it magnifies losses by exactly the same amount. Leverage is not extra money. It is a loan against your margin that can wipe out a small account quickly if a trade goes the wrong way. Higher leverage does not make you a better trader. It only makes every mistake bigger.

Margin is the money your broker holds aside from your balance to keep your open trades running. If your trades lose and your free margin gets too low, the broker sends a margin call warning. If it keeps falling, the platform reaches the stop-out level, and it starts closing your trades automatically, usually the biggest losing one first, to protect the account from going below zero. The exact stop-out percentage is set by each broker and account type. Find it in the account terms before you deposit. The best protection is simple: use a stop-loss on every trade and never use all of your available margin.

Negative balance protection means you cannot lose more than the money in your account. In a violent market move, prices can jump past your stop-out level and the account can briefly go below zero. With protection, the broker absorbs that loss. Without it, you could owe money. Rules differ by country and by the company that holds your account. Do not assume you have it. Look for the clause in your client agreement, and if it is not clear, ask support and keep their written answer.

We could not confirm whether FxPro offers negative balance protection on every entity. Ask the question directly.

FxPro's record in our database does not include the percentage of retail accounts that lose money. Regulated entities in Europe and the UK must publish that figure in a risk warning, usually on the website footer. Look for it on the page for your entity, and treat it as a realistic reminder: most retail CFD traders lose money.

Big news releases move prices fast. Interest rate decisions, jobs reports and inflation data can make spreads widen suddenly and orders fill at worse prices. If you are new, the safest move is to stay out of the market for a few minutes around these events. If you do trade them, use a smaller size than usual and accept that the price you click may not be the price you get.

Who is FxPro best for?

FxPro may suit you if:

• You want a broker with multiple regulated entities, including the FCA and CySEC.
• You like cTrader and want a broker that offers it alongside MT4 and MT5.
• You want to choose between a no-commission Standard account and a low-spread Raw+ account.
• You can fund an account with the recommended amount, USD 1,000, or close to it.
• You want to deposit by wire, card, PayPal, Neteller or Skrill.

FxPro may not suit you if:

• You want to start with a very small deposit and the lowest possible risk.
• You need a published withdrawal time before you decide.
• You rely on a local payment method and cannot confirm it is offered for your country.
• You cannot accept that most retail CFD traders lose money.

Test customer support before you need it. Send a simple question through live chat or email, such as which company holds accounts for your country, and see how long it takes and whether the answer is clear. Ask for written confirmation of anything that affects your money. A support team that answers precisely when you are a prospect tends to be a better sign than one that only sends general links.

Rules for brokers differ by country, and some brokers cannot accept clients from certain places. Before you register, read the list of supported countries in the broker's terms, and make sure you open the account with the company that serves your region. Using a false address or someone else's documents to get around a restriction is a breach of the terms and can lead to a frozen account.

How to open a FxPro account

1. Type the FxPro address yourself: https://www.fxpro.com. Do not use a link from an advert or a message.
2. Choose your country and read which FxPro company will serve you.
3. Start the registration and enter your details exactly as they appear on your ID.
4. Choose Standard or Raw+. If you are unsure, test both on a demo.
5. Upload your identity and address documents.
6. Read the client agreement. Find the company name, the regulator and the complaints process.
7. Turn on two-step verification on your account and your email.
8. Fund the account with a method you can also withdraw to. Consider the recommended deposit.
9. Place a tiny trade with a stop-loss, then test a small withdrawal.

Fake copies of broker websites exist. Before you log in, check the address in your browser. It should be the broker's real domain, spelled exactly right, and begin with the secure padlock prefix. Bookmark the correct address after you first reach it from a trusted source, and use the bookmark every time. Never log in from a link in an email, an advert or a chat message, because that is how many people lose their passwords.

Turn on two-step verification for your trading account and your email as soon as you can. It means that a stolen password alone is not enough to get in. Use an authenticator app rather than text messages when the broker offers it. Use a different password for the broker than for any other service, and let a password manager remember it. These two steps stop most account takeovers.

Keep a simple trading journal. For each trade, write down the date, the pair, the size, why you entered, where your stop-loss was, and how it ended. After a month, read it. You will quickly see which habits cost you money. A journal also records your broker's behaviour: slow fills, strange spreads, delayed withdrawals. If you ever need to make a complaint, those notes become your evidence.

The fine print

These are the points we would read in FxPro's documents before trading.

• Which entity holds your account. It decides your protection and complaint route.
• Refund order on withdrawals. Cards, PayPal and Skrill are refunded first.
• Recommended deposit. USD 1,000 is recommended, even though there is no fixed minimum.
• Swap charges and commissions. Read the FxPro commissions and swap charges page for your instruments.
• Inactivity, withdrawal and conversion fees. We did not confirm them. Ask for the current fee schedule.
• Leverage, stop-out and negative balance protection. Not confirmed in our record. Ask support and keep the written answer.

Many brokers charge an inactivity fee if you do not trade or log in for a long period, or close accounts that stay unused. The rules differ by broker and by account type. Look for the clause in the fee schedule, and if you plan to take a break from trading, withdraw the balance you do not need or ask support what applies to your account. Check also whether there are fees for withdrawals, for bank transfers or for converting currency.

Bonuses and promotions deserve a careful read. A deposit bonus often comes with conditions, such as a trading volume you must reach before you can withdraw the bonus or the profits made with it. Some regulators in major markets ban deposit bonuses for retail clients altogether. If a broker offers one in your country, read the full terms first, and ask yourself whether you would still choose this broker without the bonus. If the answer is no, skip it.

Profits from trading may be taxable where you live, and the rules differ from country to country. The broker does not usually calculate your tax for you. Download your account statements regularly, keep them with your journal, and ask a local tax adviser what you must report. Doing this early saves a lot of stress later.

How we write these reviews matters for how far you can trust them. We only state facts that come from the broker's own website or from a regulator's register, and we link the source. Where a broker does not publish a number, we say so instead of guessing. We do not accept payment to change a verdict. Because brokers change their terms from time to time, treat our review as a starting point and confirm the key points on the broker's website the day you register.

Sources for this review are FxPro's own pages, linked in our broker record: its licences page, its commissions and swap charges page, its help pages on deposits and accounting, and its platform comparison page. Facts were checked on 2026-10-15.

Our final verdict

FxPro is a regulated broker group with entities under the FCA, CySEC, the FSCA and the SCB, a clear choice between Standard (from 1.2 pips, no commission) and Raw+ (from 0.0, USD 3.50 per lot per side), and a wide platform choice: MT4, MT5, cTrader, WebTrader and its app. That mix is strong for a trader who wants options and wants to know who the regulators are.

The limits are also clear. There is no fixed minimum deposit, but USD 1,000 is recommended, so it is not the cheapest place to start. We could not confirm withdrawal times, maximum leverage or negative balance protection, and the percentage of retail losers is not in our record.

Our advice: find out which FxPro company will hold your account, verify it on the regulator's register, open a demo, and test deposits and withdrawals with a small amount. If you are comfortable with the answers, FxPro is a credible option. If you are not, wait.