FxPro has been trading since 2006, holds licences from the FCA and CySEC, and gives you four platforms to choose from — more than almost any broker at this regulatory tier. It is also more expensive than it needs to be. Across three weeks of testing on funded accounts in February 2026, we measured standard-account spreads wider than every direct competitor we benchmarked against, on all seven instruments. We score FxPro 7.6 out of 10 on the six weighted categories in our rating methodology. CFDs are leveraged products and most retail accounts lose money trading them.
Disclosure: we may earn a commission if you open an account through a link on this page. It does not change our scores, our findings, or where a broker places in our rankings. Read how we make money.
| Overall rating | 7.6/10 |
|---|---|
| Founded | 2006 |
| Headquarters | London, United Kingdom |
| Main licences | FCA (UK) 509956, CySEC (Cyprus) 078/07, FSCA (South Africa) 45052, SCB (Bahamas) SIA-F184 |
| Minimum deposit | $100 (Standard and Raw+); $30,000 (Elite) |
| Spread from | 1.2 pips advertised on Standard; 0.0 pips on Raw+ plus $3.50 per lot per side |
| Maximum leverage | 1:30 retail under the FCA and CySEC entities; up to 1:200 under the Bahamas entity |
| Instruments | 2,100+ |
| Swap-free account | Available on all three account types, on request |
| Retail loss rate | 76% of retail accounts lose money |
Pros and cons
We spent more than three weeks on funded FxPro accounts in February 2026 — placing trades, moving money in and out, pushing the support desk. What came back is a broker that is well regulated and technically strong, and expensive on its entry-level account.
What works:
- Tier-one FCA and CySEC regulation, both licence numbers verifiable on a public register
- Four platforms — MT4, MT5, cTrader and FxPro’s own — where most brokers offer one or two
- 2,100+ instruments including 2,000+ share CFDs, ahead of most direct competitors
- No-dealing-desk execution: 12–14ms average and no requotes across 50 trades in February 2026
- Negative balance protection, client money segregated at Barclays and Julius Baer
- Withdrawals processed inside one business day in our testing, no broker-side fee
What does not:
- Standard-account spreads widest of the four brokers benchmarked, on every instrument measured
- Inactivity fee after only six months: $15 once, then $5 a month
- Elite needs $30,000 and no longer carries a commission discount over Raw+
- Withdrawing without having traded can cost 2–2.7% depending on method
- FxPro’s own platform does not support automated trading, unlike the other three
- No ASIC licence, so Australian clients route offshore, outside any compensation scheme
- Privately held and unlisted — no published financial statements to inspect
Company information
FxPro is one of the older brokers still operating in the retail CFD market. Founded in Cyprus in 2006 as EuroOrient Securities & Financial Services Ltd by Denis Sukhotin, it rebranded to FxPro and took its FCA licence in 2010, opening a London office at 13/14 Basinghall Street. The South African FSCA licence followed in 2015 and the Bahamas SCB licence later, extending reach into markets the European entities cannot serve.
The group reports more than 11 million clients across 173 countries and over two million active accounts, and runs an institutional and white-label business alongside retail trading.
One structural caveat matters more than any award. FxPro is private and unlisted, so its financial statements are not public the way a listed broker’s are. It files annual accounts with the FCA and CySEC, and those regulators enforce capital adequacy, but you cannot read the numbers yourself. If a published balance sheet is part of how you assess counterparty risk, FxPro will not satisfy you. Ownership was unchanged at publication: the group remains founder-controlled.
| Item | Detail |
|---|---|
| Legal names | FxPro UK Limited; FxPro Financial Services Limited; FxPro Global Markets Limited |
| Founded | 2006 |
| Headquarters | London, United Kingdom |
| Other offices | Limassol (Cyprus), Nassau (Bahamas) |
| Clients | 11 million+ |
| Countries served | 173+ |
| Ownership | Private, founder-controlled; not exchange-listed |
| Awards | 140+ since 2006 |
Who FxPro suits, and who it does not
FxPro fits a trader who wants tier-one regulation and platform choice in one account and will use Raw+ to get a competitive cost base. The 2,000-plus share CFDs make it a reasonable single home for someone trading across forex, equities and commodities rather than specialising.
It suits algorithmic traders too, provided they stay on MT4, MT5 or cTrader. Execution was among the best we have measured, and cAlgo beats brokers offering MetaTrader alone.
It is a poor fit for three groups. Anyone trading on the Standard account pays a spread premium that compounds with every trade. Anyone who trades intermittently meets the inactivity fee sooner than at most brokers. And Australian traders have no ASIC-licensed entity to onboard to, which means the offshore entity and none of the compensation-scheme protections described below.
Licensing and regulation
FxPro operates through separate legal entities, and the one that onboards you determines your leverage cap, your compensation cover, and what happens if the firm fails. We verified each licence on its public register in February 2026 and re-checked all four at publication in July 2026. All were active and unchanged.
| Regulator | Entity | Licence number | Tier |
|---|---|---|---|
| FCA (United Kingdom) | FxPro UK Limited | 509956 | Tier one |
| CySEC (Cyprus) | FxPro Financial Services Limited | 078/07 | Tier one |
| FSCA (South Africa) | FxPro Financial Services Limited | 45052 | Tier two |
| SCB (Bahamas) | FxPro Global Markets Limited | SIA-F184 | Tier three |
Confirm the FCA licence yourself by searching 509956 at register.fca.org.uk, and the Cyprus licence by searching 078/07 on the CySEC register. Both take under a minute.
UK clients are onboarded to FxPro UK Limited, EEA clients to FxPro Financial Services Limited. Both are bound by tier-one rules: capital adequacy, periodic reporting, client-money segregation and a 1:30 retail leverage cap. Clients elsewhere are routed to the Bahamas entity, which permits up to 1:200, or an offshore Seychelles-licensed entity advertising far higher. Neither offshore route carries a compensation scheme. Check the entity named on your client agreement before funding — it is not always the one whose licence you saw advertised.
FxPro holds no ASIC licence and no Gulf licence. Not a red flag in itself, but it means the strongest protections reach only traders the FCA and CySEC entities serve.
Warnings and enforcement history
The FCA warning list carries one entry referencing the FxPro name: “Fx Pro (clone of FCA authorised firm)”, first published 9 March 2020 and last updated 21 November 2020. It is a clone-firm alert about fraudsters impersonating FxPro UK Limited using an unauthorised telephone number, not a finding against FxPro. The authorisation of FxPro UK Limited (FRN 509956) is unaffected and was active when we checked in July 2026.
Separately, impersonation outfits using lookalike names such as “FxPro Trade” have been reported claiming to be regional branches. They are not. Only fxpro.com is official; check the address bar before entering personal or payment details.
We found no active enforcement, licence suspension, revocation or solicitation advisory against any FxPro entity on the FCA, CySEC, FSCA or SCB registers as at July 2026, and no recorded revocation in roughly 20 years of operation.
Opening an account and verification
Registration in February 2026 was straightforward: name, email, phone and country of residence, then an appropriateness questionnaire on trading experience and financial circumstances — mandatory under FCA and CySEC rules, not an upsell.
Verification needed three documents: photo ID, a proof of address issued within the last six months, and a short selfie video or photograph to match the ID. Form and uploads took about eight minutes. Email confirmation was immediate and the account was approved in under 24 hours — quick against an industry norm of one to three business days.
FxPro tightened source-of-funds checks through 2026. On larger deposits or unusual patterns, expect to be asked for a bank statement or proof of income — the same friction any properly supervised broker now applies.
Account types
There are three live account types plus a free demo. We funded and traded two of the three to compare them in practice.
| Feature | Standard | Raw+ | Elite |
|---|---|---|---|
| Minimum deposit | $100 | $100 | $30,000 |
| Spread from | 1.2 pips | 0.0 pips | 0.0 pips |
| Commission | None | $3.50 per lot per side | $3.50 per lot per side, with volume rebates from $1.50 per lot |
| Platforms | MT4, MT5, cTrader, FxPro Trading Platform — all account types | ||
| Execution | Market execution (NDD) | Market execution (NDD) | Market execution (NDD) |
| Stop-out level | 50% | 50% | 50% |
| Swap-free option | Available | Available | Available |
Standard folds all cost into a wider spread with no separate commission — simpler, more expensive. Raw+ is the account most people should be on: at 0.0 pips plus $3.50 per side the all-in cost is materially lower for anyone trading more than a handful of times a week, on the same $100 minimum.
Elite has weakened since we first tested. It previously carried a reduced $2.50 per side commission; the schedule now charges the same $3.50 as Raw+ and replaces the discount with volume rebates from $1.50 per lot. For a very high-volume trader the net effect can still beat Raw+, but the benefit for a $30,000 deposit is thinner than it was — and IC Markets and Pepperstone offer raw-spread accounts from around $200. You can hold several account types under one profile to test which suits you.
Swap-free accounts
FxPro offers a swap-free option on all three account types, requested by email through its back office. It removes overnight interest on open positions — relevant both to traders observing Islamic finance principles and to anyone holding positions without wanting an interest charge accruing against them.
| Feature | Detail |
|---|---|
| Overnight interest | Not charged on open positions |
| Forex, commodities and metals | Free grace period, after which an administration fee may apply |
| Indices, futures and shares | Swap-free with no time limit at all |
| Spreads | Unchanged from the standard account — no widening applied |
| Instruments covered | All instruments available on the chosen account type |
The open-ended treatment of indices, futures and shares is unusually generous — most brokers apply a time limit across the board. Forex and commodities are less clean: the grace period is finite and the administration fee replacing the swap is not published as a fixed schedule, so confirm the figure for your instruments with support before relying on it.
Fees and trading costs
This is where FxPro loses most of its points. We sampled spreads through February 2026 on a live Standard account during the London and New York sessions, benchmarked against equivalent entry-level accounts at three competitors.
| Instrument | FxPro (Standard) | XM (Ultra Low) | Pepperstone (Standard) | IC Markets (Standard) |
|---|---|---|---|---|
| EUR/USD | 1.4 | 0.8 | 0.77 | 0.82 |
| GBP/USD | 1.6 | 1.0 | 1.0 | 1.03 |
| USD/JPY | 1.4 | 0.9 | 0.86 | 0.94 |
| AUD/USD | 1.5 | 1.0 | 0.97 | 0.83 |
| USD/CHF | 1.7 | 1.3 | 1.1 | 1.0 |
| Gold (XAU/USD) | 26 | 20 | 15 | 13 |
| Oil (WTI) | 0.05 | 0.04 | 0.03 | 0.03 |
FxPro was widest on all seven. The EUR/USD gap is the one to focus on: 1.4 pips against 0.77–0.82 at Pepperstone and IC Markets. On ten standard lots a day that works out at roughly $58–62 in additional cost per day, before commission, before swaps, and regardless of whether the trades go your way. Gold is proportionally worse, at 26 against 13 at IC Markets.
Raw+ changes the arithmetic. At 0.0 pips plus $3.50 per lot per side — $7 for a round turn — total cost lands roughly level with Pepperstone Razor and IC Markets Raw Spread. Standard is difficult to justify for anyone trading with any regularity.
Commissions
Standard charges none. Raw+ and Elite charge $3.50 per standard lot per side. On cTrader this is expressed as $35 per $1 million traded — the same $3.50 per 100,000-unit lot.
One detail we only found by trading live: the full commission is deducted when the position opens, not split between opening and closing. It does not change the total, but it changes how a trade looks in your equity the moment you enter it.
Overnight financing
Swaps come from the interest-rate differential between the two currencies plus FxPro’s markup, charged at triple rate on Wednesday for forex and metals and on Friday for other instruments to cover the weekend. FxPro publishes a swap calculator so you can check an instrument before opening. In our testing the rates sat mid-market.
Non-trading fees
FxPro charges nothing on deposits or withdrawals. One significant exception: withdraw without having placed a trade and a fee applies — around 2% via Neteller, 2.6% via Skrill and 2.7% via PayPal on the current schedule. The policy deters money laundering and is defensible, but it catches anyone who funds an account and changes their mind.
The inactivity fee is a clearer weakness. After six months without trades, deposits or logins, FxPro charges $15 once and then $5 a month. IC Markets and Pepperstone charge nothing for dormancy. The one mitigation is that the fee cannot push a zero-balance account negative.
Desktop platforms
Four platforms is FxPro’s clearest structural advantage. We tested all four on desktop.
MetaTrader 4 is the industry default and FxPro’s build is the standard one, with full support for indicators, expert advisors and automated trading. Server response was quick, which matters if you run algorithms.
MetaTrader 5 adds timeframes, indicators and pending-order types, and opens up equities and futures alongside forex — the better choice for MetaTrader across more than one asset class.
cTrader was the platform we preferred on technical merit: cleaner interface than MetaTrader, stronger charting, more flexible order management, cAlgo for algorithmic strategies in C#, and copy trading built in. Spreads start at 0.0 pips with the same $3.50 per lot per side.
FxPro Trading Platform, which replaced FxPro Edge, is the in-house web platform and friendliest of the four for a beginner: 53 indicators, several chart types, drag-and-drop stop-loss and take-profit adjustment on the chart, integrated TradingView analysis. The limitation is significant — no automated or algorithmic trading, no embedded Trading Central signals. If either matters, use one of the other three.
Mobile apps
We tested the FxPro app on Android in February 2026. It carries TradingView charting, an economic calendar and market news, and lets you deposit, withdraw and manage the account without a browser. Price alerts and execution notifications worked as expected.
Feedback is mixed. The app has over 3,100 Google Play ratings, positive on ease of use and charting quality, negative on occasional sluggishness and TradingView connection problems reported through 2026. We did not hit that fault ourselves, but it recurs often enough to flag. You are not limited to FxPro’s own app — the official MT4, MT5 and cTrader mobile apps all connect to an FxPro account.
| App | Android | iOS | Automated trading |
|---|---|---|---|
| FxPro app | Yes | Yes | No |
| MT4 Mobile | Yes | Yes | Monitoring only |
| MT5 Mobile | Yes | Yes | Monitoring only |
| cTrader Mobile | Yes | Yes | Monitoring only |
Trading tools
FxPro lists more than 2,100 instruments, among the broader offerings in the retail CFD market.
| Asset class | Approximate count | Notes |
|---|---|---|
| Forex pairs | 70+ | Majors, minors and exotics |
| Share CFDs | 2,000+ | US and European names across 7 exchanges |
| Indices | 30+ | Major global indices |
| Commodities | 20+ | Gold, silver, oil, gas and agricultural |
| Cryptocurrencies | 39+ | BTC, ETH and others, available 24/7 |
| Futures | 20+ | Indices, commodities and energy |
Equity coverage is the standout: more than 2,000 share CFDs against roughly 1,300 at XM and around 1,600 at IC Markets. The 39 crypto pairs trading around the clock are reasonable if not exceptional.
One practical caveat: not every instrument is available on every platform or account type — some share CFDs are MT5-only. Check the list for the platform you intend to use rather than assuming the headline number applies everywhere.
Order execution
We placed more than 50 trades on a live account during the February 2026 window to measure execution rather than take the marketing claim on trust.
FxPro runs a no-dealing-desk model, routing orders to liquidity providers without a dealing desk taking the other side, which reduces the structural conflict of interest between broker and client. Average execution across our 50 trades came in at roughly 12–14ms, at the fast end of anything we have measured across our broker reviews.
Slippage was contained in normal conditions but widened noticeably around major economic releases — expected for market execution, but worth planning around if you trade the news. All accounts use market execution, so there is no guarantee of filling at your requested price. The compensation is no requotes: we saw none across all 50 trades, consistent with FxPro’s claimed fill rate above 99%. FxPro also applies price improvement, passing on a better rate when the market moves in your favour during execution.
Deposits
We deposited $500 by Visa and the balance appeared in under a minute — among the fastest card deposits we have tested.
| Method | Processing time | Fee | Minimum |
|---|---|---|---|
| Visa / Mastercard | Instant | None | $100 |
| Bank transfer | 1–5 business days | None from FxPro | $100 |
| Skrill | Instant | None | $100 |
| Neteller | Instant | None | $100 |
| PayPal | Instant | None | $100 |
| Crypto (Bitcoin, Ethereum, Tether) | Near-instant | None | $100 |
FxPro charges nothing on deposits. Your bank or payment provider may, particularly on international transfers or currency conversion, and that cost is outside FxPro’s control.
Crypto funding expanded during 2026 to cover Bitcoin, Ethereum, Litecoin and Tether on both TRC20 and ERC20. Local payment methods vary by country; the accurate list for your account only appears in the client portal after registration.
Withdrawals
Getting money out is the test that matters most, so we ran it rather than reading the policy. We requested a $350 withdrawal to a Visa card at 10am on a Tuesday in February 2026. FxPro processed it the same day and the funds landed two business days later, matching the published timeframe.
| Method | FxPro processing | Total time to arrive | Fee |
|---|---|---|---|
| Visa / Mastercard | Within 1 business day | 1–5 business days | None |
| Bank transfer | Within 1 business day | 1–5 business days | None |
| Skrill | Within 1 business day | Instant after processing | None |
| Neteller | Within 1 business day | Instant after processing | None |
| PayPal | Within 1 business day | Instant after processing | None |
| Crypto (TRC20) | Within 1 business day | Under 5 minutes after processing | None |
FxPro processes requests within one business day, 24 hours a day on weekdays. What varies is the settlement rail: e-wallets are effectively instant once processed, TRC20 crypto arrives in under five minutes, cards and bank transfers add one to five business days at the receiving end.
Two caveats. The no-trading withdrawal fee of 2–2.7% applies here, so do not fund an account you are unsure about. And FxPro tightened compliance checks in early 2026, which can add delay on larger amounts — a net positive for security, real friction in the moment, and consistent with the withdrawal-delay complaints in FxPro’s negative reviews.
Customer support
We ran three live chat sessions and two email tickets during the February 2026 window. The first chat was answered in about three minutes and the agent handled a question on account types accurately; a second, late in the evening, took around seven minutes to connect. Email was less consistent — 45 minutes for the first ticket, roughly three hours for the second — but both replies were detailed and actually answered what was asked, which is not universal in this industry.
| Channel | Availability | Measured response (February 2026) |
|---|---|---|
| Live chat | 24/5 | 3–7 minutes |
| 24/5 | 45 minutes to 3 hours | |
| Callback request | Business hours | Not tested |
| Telephone | Business hours | Not tested |
FxPro supports 39 languages, a wide net by any standard. The gap is coverage rather than competence: support is 24/5, not 24/7, so a problem arising on a Saturday waits until Monday — awkward given crypto trades around the clock here.
Research and education
Research is built on a partnership with Trading Central, an independent analysis house serving 100+ institutions. Clients get daily reports and signals by email, embedded directly in cTrader. Beyond that it is the standard set — economic calendar, calculators, market news — useful but nothing a competitor lacks.
Education is where FxPro falls behind. The trading academy covers technical and fundamental analysis and trading psychology through video lessons, webinars and articles, competently produced but not matching the depth of XM or IG. If you are choosing a broker partly for how much it will teach you, FxPro is not the strongest option at this tier. Trading Central signals are also absent from FxPro’s own platform — reach the research through cTrader.
Fund safety and protections
Fund safety is FxPro’s strongest category, as you would expect from a broker holding FCA and CySEC licences.
Segregation. Client money is held entirely separately from the firm’s operating funds, at institutions including Barclays and Julius Baer. In an insolvency, client funds are not available to the firm’s creditors.
Negative balance protection. Provided to all clients under the client agreement, so you cannot lose more than your balance even in a violent market gap. Stop-out is 50% across all account types.
Compensation schemes. These depend entirely on your entity:
- FxPro UK Limited — UK Financial Services Compensation Scheme, up to £85,000 per eligible client
- FxPro Financial Services Limited — Cyprus Investor Compensation Fund, up to €20,000 per client
- FxPro Global Markets Limited (Bahamas) and the offshore Seychelles route — no compensation cover at all
That last point is the one traders most often miss. Segregation, negative balance protection and a compensation scheme form the three-layer defence that fund safety rests on — but only two of those layers reach offshore clients.
Institutional protection is not protection from losses. FxPro’s own disclosure states that 76% of retail investor accounts lose money trading CFDs with it — 77% when we tested in early 2026, and revised periodically. No amount of regulation changes the fact that leveraged trading loses money for most people who attempt it, and you should not trade with capital you cannot afford to lose.
Verdict
After more than three weeks of live testing in the first quarter of 2026, FxPro reads as a well-regulated, technically capable broker that charges more than it should for its entry-level product. We score it 7.6 out of 10.
That is below our Arabic edition’s 4.2/5. Nothing about the broker got worse; the rubric changed. This site does not score Arabic-language service, and the 15% that category carried moved into categories where FxPro is weaker — chiefly trading costs, now weighted 20%.
| Category | Weight | Score |
|---|---|---|
| Regulation and licensing | 25% | 8.8 |
| Trading costs | 20% | 5.8 |
| Withdrawals and fund access | 20% | 8.2 |
| Platforms and execution | 15% | 8.5 |
| Customer support | 10% | 7.0 |
| Research and transparency | 10% | 6.5 |
| Overall | 100% | 7.6 |
The single most useful thing to take from this review: if you open an FxPro account, open Raw+. The minimum deposit is identical at $100 and the cost difference over a year of active trading is substantial. If you want the lowest headline spread and nothing else matters, IC Markets and Pepperstone measured cheaper. Trading CFDs is high risk and most retail accounts lose money; nothing here is a prediction of your results or investment advice.
Is FxPro trustworthy?
Is FxPro a scam?
No. FxPro holds licences from four regulators, two tier-one, all verified on the public registers in July 2026. Roughly 20 years of operation with no licence revocation and no active enforcement. The caution is not about FxPro but about firms impersonating it — see below.
Is FxPro on any regulator’s warning list?
One entry, and it is not a finding against the firm. The FCA warning list carries “Fx Pro (clone of FCA authorised firm)”, published 9 March 2020 and last updated 21 November 2020 — an alert about fraudsters impersonating FxPro UK Limited using an unauthorised phone number. FxPro UK Limited’s authorisation under FRN 509956 is unaffected and active. Separately, outfits using names like “FxPro Trade” have solicited traders while falsely claiming to be FxPro branches. Deal only through fxpro.com.
Can I actually withdraw my money?
In our testing, yes. A $350 card withdrawal requested on a Tuesday morning in February 2026 was processed the same day and arrived in two business days, with no fee. Two things can delay you: the enhanced compliance checks introduced in early 2026, particularly on larger sums, and the 2–2.7% charge if you withdraw without having traded.
What happens to my money if FxPro fails?
It depends on your entity. FxPro UK Limited: FSCS up to £85,000. FxPro Financial Services Limited: Cyprus ICF up to €20,000. Bahamas and Seychelles routes: no compensation scheme, only segregation. Client funds sit at Barclays and Julius Baer in all cases.
Is FxPro expensive?
On the Standard account, measurably so — widest of four brokers on all seven instruments we sampled, at 1.4 pips on EUR/USD against 0.77 at Pepperstone. On Raw+ it is competitive, roughly level with Pepperstone Razor and IC Markets Raw Spread. The account you pick matters more than the broker.
Frequently asked questions
Is FxPro regulated and licensed?
Yes, by four authorities: FCA 509956, CySEC 078/07, South Africa’s FSCA 45052 and the Bahamas SCB SIA-F184. We confirmed each on its public register in July 2026. FxPro has operated since 2006 and reports more than 11 million clients.
What is the minimum deposit at FxPro?
$100 for Standard and Raw+; $30,000 for Elite. FxPro suggests at least $1,000 for more flexible position sizing, but that is a recommendation, not a requirement.
Does FxPro offer a swap-free account?
Yes, on all three account types, requested by email through the back office. Indices, futures and share positions are swap-free with no time limit; forex, commodities and metals get a free grace period after which an administration fee may apply. Confirm that fee with support before relying on it.
How long do FxPro withdrawals take?
Requests are processed within one business day. Arrival depends on method: e-wallets effectively instant once processed, TRC20 crypto under five minutes, cards and bank transfers a further one to five business days. No withdrawal fee, though 2–2.7% applies if you have not traded.
What is the difference between the Standard and Raw+ accounts?
Standard offers spreads from 1.2 pips with no commission — simpler, more expensive. Raw+ offers 0.0 pips plus $3.50 per lot per side, around $7 for a round turn, and works out cheaper for anyone trading with any frequency. Both need the same $100 minimum.
What leverage does FxPro offer?
Retail clients under the FCA and CySEC entities are capped at 1:30 by regulation. The Bahamas entity permits up to 1:200 and an offshore Seychelles route advertises considerably more. Higher leverage magnifies losses as readily as gains; 1:200 is a reason for caution, not a feature.
Does FxPro charge an inactivity fee?
Yes. After six months with no trades, deposits or logins, $15 once and then $5 per month. It cannot take a zero-balance account negative. IC Markets and Pepperstone charge nothing for dormancy, so this is a genuine point of difference.
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