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FxPro Review

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer

April 18, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FxPro competes among the top MetaTrader brokers, featuring multiple account options and multiple execution methods. It provides its own proprietary FxPro Edge app available for web and mobile alongside access to the BnkPro app and Invest Web platform.

FxPro’s primary drawback is its higher-than-average pricing, which just can’t compete with the lowest-cost forex brokers, even on its lowest spreads available via its cTrader platform offering.

4.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 90
  • Tradeable Symbols (Total): 2249

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thumb_up_off_alt Pros

  • Founded in 2006, FxPro is regulated in two Tier-1 jurisdictions, one Tier-2 jurisdictions, and one Tier-4 jurisdiction.
  • FxPro offers a variety of pricing options across its account types, including fixed and variable spreads.
  • FxPro is best known for its MetaTrader (both MT4 and MT5) and cTrader platform offerings, available for desktop, web, and mobile.
  • FxPro provides fully-transparent execution methods that vary by account type – with less than 1% of client orders requoted in 2020.
  • FxPro's cTrader account offering features lower spreads and helped earn the broker best in class for Algo Trading in 2024.

thumb_down_off_alt Cons

  • The pricing at FxPro isn't quite competitive enough to challenge industry leaders such as IG and CMC Markets.
  • FxPro's proprietary platform, FxPro Edge, has established a good foundation for a new web-based platform, but still can’t compete with the best proprietary trading platforms.
  • FxPro offers fewer symbols for forex and CFD traders than the leading multi-asset brokers.
  • The BnkPro app for banking and payments offers thousands of global stocks to trade, but is segmented away from the FxPro client experience through the BnkPro brand.

Overall Summary

Feature FxPro logoFxPro
Overall Rating info 4.5/5 Stars
Trust Score info 90
Offering of Investments 4/5 Stars
Commissions & Fees 4/5 Stars
Platform & Tools 4/5 Stars
Research 4/5 Stars
Mobile Trading 4.5/5 Stars
Education 4/5 Stars has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Is FxPro safe?

Trust Score

FxPro is considered Highly Trusted, with an overall Trust Score of 90 out of 99. FxPro is not publicly traded, does not operate a bank, and is authorised by two Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk). FxPro is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system. Learn more about Trust Score.

Feature FxPro logoFxPro
Year Founded info 2006
Publicly Traded (Listed) info No
Bank info No
Tier-1 Licenses info 2
Tier-2 Licenses info 1
Tier-3 Licenses info 0
Tier-4 Licenses info 1

Offering of investments

The range of symbols available at FxPro will largely depend on your chosen trading platform. For traders that choose to use MetaTrader’s suite of platforms, FxPro offers over 400 CFDs, including forex, shares, indices, metals, and cryptocurrencies, compared to roughly 100 for its cTrader offering. There are also thousands of shares available to trade in FxPro’s BnkPro app, though it isn’t yet fully available globally. The following table summarizes the different investment products available to FxPro clients.

Cryptocurrency: Cryptocurrency trading is available at FxPro through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.

Feature FxPro logoFxPro
Forex Trading (Spot or CFDs) info Yes
Tradeable Symbols (Total) info 2249
Forex Pairs (Total) info 70
U.S. Stock Trading (Non CFD) info No
Int'l Stock Trading (Non CFD) info Yes
Social Trading / Copy Trading info Yes
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Commissions and fees

FxPro's pricing is higher than the industry average, putting it at a disadvantage compared to industry peers like Pepperstone or IC Markets, who both also offer the full MetaTrader and cTrader suites.

Execution method: On FxPro’s MT4 offering, traders can choose variable or fixed spreads. For the variable-spread pricing, there are two types of execution-based pricing: instant and market. Instant execution is subject to requotes but no slippage, while market execution has the potential for slippage – but without requotes.

Commissions: FxPro’s most competitive spreads are available on its cTrader platform, which features commission-based pricing. FxPro's effective spread for trading the EUR/USD pair on cTrader is roughly 1.27 pips. This figure takes into account FxPro’s average spread (from August 2020) of 0.37 pips, as well as a 0.9 pip commission-equivalent.

Spreads: FxPro's floating-rate (variable spread) model is available on MT4 and MT5, featuring EUR/USD spreads of 1.58 for accounts on market execution (1.51 pips on MT5), and 1.71 for accounts with instant execution – as per FxPro’s data from August 2020.

Fixed pricing: On MT5, there is no fixed-spread offering, and only market execution is available.

Active traders: FxPro offers an Active Trader program as part of its VIP account offering. With discounts of up to 30%, I consider this benefit to be pretty generous – though the net result still trails behind similar programs from top competitors like, IG, and Saxo.

Executing large orders: No question; FxPro's best feature is its ability to execute large orders, placed with no minimum distance away from the current market price.

Feature FxPro logoFxPro
Minimum Deposit info $100
Average Spread EUR/USD - Standard info 1.51 info
All-in Cost EUR/USD - Active info 1.27 info
Active Trader or VIP Discounts info Yes
ACH or SEPA Transfers info Yes
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info Yes
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Mobile Trading Apps

Apps overview: FxPro provides its own proprietary FxPro Edge app for trading, account management, and basic market news, as well as a third-party mobile lineup designed by the same providers that power its desktop and web-based platforms: MetaTrader (MetaQuotes) and cTrader (Spotware). FxPro also offers the BnkPro app for share trading, which will eventually include a Mastercard debit card and banking service.

Ease of use: FxPro Direct is FxPro's proprietary mobile app, which supports trading for users that have a CFD account, but is mainly optimized for account management. It features charts, but with no drawing tools and virtually no indicators (other than volume data). The FxPro Edge platform is available for mobile (though I was not able to install it due to a country restriction in the Google Play store). Overall, FxPro offers four mobile apps for you to choose from, including MT4, MT5, cTrader, and its flagship FxPro Edge app.

Feature FxPro logoFxPro
Android App info Yes
Apple iOS App info Yes
Mobile Alerts - Basic Fields info Yes
Watchlists - Total Fields info 6
Watchlist Syncing info Yes
Charting - Indicators / Studies (Total) info 53
Charting - Drawing Tools (Total) info 25
Mobile Charting - Draw Trendlines info Yes
Mobile Charting - Multiple Time Frames info Yes
Mobile Economic Calendar info Yes

Other trading platforms

Due to the availability of MetaTrader, cTrader, and its own proprietary FxPro Edge web platform, traders at FxPro have a diverse selection of platform options that support a variety of trading styles. While FxPro Edge clearly trails platform leaders such as Saxo, CMC Markets, and IG, it’s a good foundation for future improvements, and helps FxPro stand out from the crowded field of MetaTrader-only brokers.

Platforms overview: FxPro offers three platforms in total: FxPro Edge, MetaTrader, and cTrader. FxPro Edge is FxPro’s in-house web-based platform, which features robust charts and a responsive design. The full MetaTrader suite (MT4 and MT5) is also available for web and desktop, along with the FxPro cTrader platform and the cAlgo desktop app for algo trading.

Charting: The FxPro Edge platform features smooth charting, with 53 indicators and several selectable chart types. For comparison, cTrader has 76 indicators and dozens of drawing tools, and boasts a sleeker charting experience than you’ll find with MetaTrader.

Trading tools: Signals from Trading Central are available as a plugin for MetaTrader. Besides the cTrader and MetaTrader platform suites, the FxPro Edge platform comes with a few default layouts, as well as drag-and-drop modules and widgets. Overall, FxPro has a good range of tools and third-party solutions across its available platforms, yet still has room to improve to match category leaders.

Feature FxPro logoFxPro
Virtual Trading (Demo) info Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes
Web Platform info Yes
Social Trading / Copy Trading info Yes
MetaTrader 4 (MT4) info Yes
MetaTrader 5 (MT5) info Yes
DupliTrade info No
ZuluTrade info No
Charting - Indicators / Studies (Total) info 53
Charting - Drawing Tools (Total) info 25
Charting - Trade From Chart info Yes
Watchlists - Total Fields info 6
View More

Market Research

FxPro provides daily market updates and analysis on its blog, along with content from third-party providers. FxPro's in-house staff has produced good-quality articles, but FxPro's YouTube channel mostly features webinars, platform tutorials, and promotional videos (the exception being FxPro’s Russian YouTube channel, which does produce daily videos). For comparison, XM Group and Tickmill produce numerous daily research videos.

Research overview: FxPro's dedicated blog offers multiple daily articles, including its Market Overview, Technical Analysis, and Crypto Review series. These articles provide a well-organized daily outlook, and are available within the FxPro Edge platform. Headlines from Dow Jones International (DJI) stream in FxPro’s MetaTrader platform offering – while FxPro Edge features an integrated economic calendar and news module with market analysis.

Market news and analysis: FxPro’s client portal provides access to sentiment data for various symbols and forex pairs, along with trading session times and a summary of gainers and losers. There is also an integrated economic calendar. Centralizing these resources into one portal by either adding trading capabilities to the client portal, or merging these features with the Edge platform would make FxPro’s platform easier to use.

Feature FxPro logoFxPro
Daily Market Commentary info Yes
Forex News (Top-Tier Sources) info Yes
Autochartist info No
Trading Central (Recognia) info Yes
Social Sentiment - Currency Pairs info Yes


FxPro’s education section provides written materials along with a handful of educational videos. FxPro has built a good foundation of educational content, yet the quantity and scope of available materials falls behind what is offered by education leaders such as IG, Saxo, and FXCM.

Learning center: FxPro's educational section has a useful mini card feature, with snippets of information that briefly explain concepts like “What is a stop out?” There are 36 cards in the Psychology section, and each of its four other learning areas contain a collection of mini cards. FxPro has added a nice touch to this section by including a progress tracking feature, allowing traders to keep track of which modules or chapters they’ve finished.

Room for improvement: Expanding its coverage, adding more videos, and including interactive quizzes would balance out the FxPro educational offering.

Feature FxPro logoFxPro
Education (Forex or CFDs) info Yes
Client Webinars info No
Client Webinars (Archived) info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info No
Investor Dictionary (Glossary) info Yes

Final thoughts

FxPro is a well-capitalized, trustworthy broker that offers multiple platform options, multiple trade execution methods, and can cleanly execute large orders for professional traders.

However, pricing is higher than the industry average at FxPro, and its proprietary FxPro Edge app is a limited platform option that isn’t currently available for mobile.

FxPro provides numerous options for algorithmic trading, including platforms and execution methods which allow it to cater well to the needs of active traders that use automated trading systems. As a result, FxPro earned Best in Class honors for Algo Trading and MetaTrader in our 2024 Annual Awards.

About FxPro

Founded in 2006, FxPro has executed more than 600 million orders since its inception and has serviced 1.8 million clients in over 173 countries. As of 2024, FxPro lists over $100 million in Tier 1 capital. The FxPro brand holds regulatory licenses in the United Kingdom under FxPro UK Limited, Cyprus under FxPro Financial Services Limited, as well as in South Africa, and the Bahamas. 2024 Annual Awards

For the 2024 Annual Awards, brokers were evaluated against’s 8 Primary Categories: Commissions & Fees, Offering of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.

Best in Class honors were awarded to the Top 7 forex brokers in each of the following areas: Beginners, Social Copy Trading, Ease of Use, MetaTrader, Algo Trading, Crypto Trading, and Professional Trading.

For more information, see how we test.

Category awards

FxPro logoFxPro Algo Trading MetaTrader
Rank #1
Streak #1
Best in Class check check
Best in Class Streak 3 1

2024 Review Methodology

At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Read our full explanation and accounting of our research and testing process to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

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About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans
John Bringans

John Bringans is the Senior Editor of An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Blain Reinkensmeyer
Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.