FBRForex Broker Rating
ET
Written by Editorial Team
Updated
FXPro logo

FXPro Review

Overall Rating
4.4 / 5
Fees
4.6 / 5
Safety
4.5 / 5
Platforms
4.6 / 5
Education
3.5 / 5
Min. deposit
$100

FXPro — At a Glance

Regulation
FCA (United Kingdom), CySEC (Cyprus), SCB (Bahamas), FSCA (South Africa)
Broker Type
NDD
Minimum Deposit
$100
Payment Methods
Bank Transfer, Local Bank Transfer, Credit Card, Debit Card, Paypal, Skrill, Neteller, Perfect Money
Account Currencies
EUR, USD, GBP, CHF, JPY, PLN, AUD, ZAR, NGN, VND, THB, MYR, IDR
Assets Offered
Forex, CFDs, Spread Betting
Trading Platforms
FXPro Mobile App, FXPro WebTrader, TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader
Demo Account
Yes
Maximum Leverage
1:Unlimited
Spread Type
Variable
Spread From
Standard Account: 1.2 PIPS, Raw Account: 0.0 PIPS, Elite Account: 0.0 PIPS,
Commission
Standard Account: No commission, Raw Account: $3.5 commission per lot per side, Elite Account: $3.5 commission per lot per side + Rebates
Decimal Pricing
5 decimals
Minimum Lot Size
0.01
Maximum Lot Size
10000
Swap Free Account
Yes
Managed Account
Yes
PAMM / MAM Trading
Yes
Joint Account
Yes
Social / Copy Trading
No
Hedging
Yes
Scalping
Yes
One Click Trading
Yes
OCO Orders
Yes
Trailing Stop Loss
Yes
API Access
Yes
VPS Hosting
Yes
Bonuses
No
Contests
No
Headquarters
13-14 Basinghall Street, City of London, EC2V 5BQ, UK.
International Offices
United Kingdom, Bahamas, United Arab Emirates
Languages
English, Spanish, Portuguese, French, German, Arabic, Italian, Indonesian, Malaysian, Korean, Polish, Czech, Chinese, Vietnamese, Thai, Hindi, Mongolian, Ukranian, Dutch, Swedish, Bulgarian, Finnish, Lithuanian, Danish, Croatian, Estonian, Norwegian, Romanian, Japnese, Turkish, Russian
Customer Support
Live Chat, Email, Phone

Pros & Cons

Pros

  • +Strong global regulatory framework
  • +Fast and easy account opening process
  • +Low minimum deposit
  • +Free deposit and withdrawal
  • +Negative balance protection
  • +Low forex fees
  • +Multiple fast and secure payment methods
  • +Multiple account currency options
  • +Demo account available
  • +Islamic (swap-free) account available
  • +User-friendly mobile and web platform
  • +Supports TradingView, MT4, MT5, and cTrader
  • +No restriction on trading styles
  • +Integrated PAMM trading features
  • +Good customer support service

Cons

  • Limited product selection
  • Educational offering are fairly basic
  • No integrated social and copy trading features
  • $15 one-time account fee plus $5 monthly inactivity charge after 6 months of inactivity
  • Customer support is not available 24/7

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money.