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FxPro Review 2024

Written by
Adam N.
Fact checked by
Updated
1w ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
2,541 people chose this broker
Not available in United States; see best alternatives

Why choose FxPro

FxPro is an international CFD and forex broker, regulated by the UK's FCA, CySEC of Cyprus and the SCB in the Bahamas.

Its account opening process is fast, fully online, and user-friendly. FxPro has a well-performing customer service that can be contacted in many languages. You can use a lot of free options for deposit and withdrawal.

On the negative side, FxPro's product portfolio is limited to forex and CFD. Non-trading fees are average, and there is also an inactivity fee that kicks in after 6 months of no trading.

BrokerChooser gave FxPro a 4.3/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Superb account opening process
  • Great customer service
  • Free deposit and withdrawal

Explore the key metrics of FxPro

Overall score
4.3/5
Minimum deposit
$100
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
Visit FxPro

79.27% of retail CFD accounts lose money

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EURUSD spread
Usual spread in pips

Fees

Score: 4/5
FxPro has low forex fees and free deposit and withdrawal options. On the negative side, it charges an inactivity fee, and stock CFD fees are high.
  • Low forex fees
  • No withdrawal fee

We compared FxPro's fees with two similar brokers we selected, XM and ActivTrades. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of FxPro alternatives.

Low FX fees

All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 1.4.

Broker
EURUSD spread
FX commission per lot
FxPro
1.4
No commission is charged
XM
0.1
$3.50 commission per lot per trade on XM Zero accounts
ActivTrades
0.9
No commission is charged
FxPro forex spreads and commissions

Low index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 1.0.

Broker
S&P 500 CFD spread
FxPro
1.0
XM
0.5
ActivTrades
1.5
FxPro index CFD spreads and commissions

Low stock CFD fees

All stock CFD fees are built into the spread. The spread for Apple stock CFDs is 0.4.

Broker
Apple CFD
FxPro
$2.1
XM
$1.6
ActivTrades
$1.1
FxPro stock CFD spreads and commissions

Low inactivity fee, no withdrawal fee

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 aninactivityfee: after 6 months of no trading activity, there is a one-off inactivity fee of $15 (labeled as an account maintenance fee), followed by a monthly fee for each further inactive month. This fee is applied under the CySec jurisdiction; terms may slightly vary based on jurisdiction.

Broker
Inactivity fee
Withdrawal fee
FxPro
$0
XM
$0
ActivTrades
$0
FxPro inactivity, withdrawal and other fees

Safety

FxPro is regulated by four financial authorities globally, including the top-tier FCA in the UK. It is a well-established brand, but it is not listed on any exchange and does not disclose financial information.
  • Negative balance protection
  • Regulated by top-tier FCA
Read more

Deposit and withdrawal

Score: 4.4/5
FxPro offers free and fast deposit and withdrawal via various channels, including bank transfer, credit/debit cards and electronic wallets.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Read more

Account opening

Score: 5/5
FxPro account opening is hassle-free, straightforward and very fast; it may take less than two hours to verify your account.
  • Fast
  • Fully digital
  • Low minimum deposit
Read more

Mobile app

Score: 3.8/5
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
  • Good search function
  • Price alerts
Read more

Desktop platform

Score: 3.4/5
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
  • Good customizability (for charts, workspace)
  • Price alerts
Read more

Product selection

Score: 2.1/5
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.
Read more
“I recommend FxPro for forex and CFD traders looking for a broker with great account opening and who are familiar with the MetaTrader platform.”

FAQ

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Author of this review

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit FxPro 79.27% of retail CFD accounts lose money

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