- FxPro is regulated by FCA, CySEC, FSCA, and SCB with a No Dealing Desk execution model — no conflict of interest between broker and trader
- Five trading platforms available (MT4, MT5, cTrader, FxPro Platform, FxPro App) — one of the widest selections in retail
- 2,100+ instruments across 6 asset classes with competitive raw spreads on cTrader from 0.0 pips
- Professional-grade infrastructure with Equinix data centres, advanced order types, and transparent execution statistics published quarterly
Regulated Global Broker Open an IC Markets account through the official partner link
- Raw Spread from 0.0 pips
- MT4, MT5 and cTrader
- Built for scalping and EAs
- ASIC, CySEC and FSA entities
- Check your entity before funding
- Measure spread plus commission
Comparison Method and Evidence Limits#
Short answer: This is a desk-research comparison, not a live-account test. It was re-verified on 31 July 2026 using the legal-entity and jurisdiction information, account pages, fee schedules and risk documents linked in this article. ForexTradeLab did not open accounts, place trades, track spreads, test fills or time withdrawals for this update.
Detailed method: First identify the legal company that would contract with your country of residence and verify that entity on the relevant official register—not merely a group brand. Then compare the same instrument, account type, account currency, trade size and session. An all-in cost comparison must include variable spread, round-turn commission, swaps or financing, conversion charges and possible slippage. “From” spreads are not averages or guarantees. Product access, leverage, protection and payment terms can differ by entity and can change after this verification date.
Sources and sample limits: Broker-specific facts must be read with the official source URLs in the front-matter citations and the current client agreement. Useful primary registers include the FCA Financial Services Register, ASIC professional registers and CySEC regulated entities register. No unpublished dataset or representative live-spread sample supports this page. If a number lacks a directly mapped official source, treat it as an indicative claim requiring fresh verification, not as an independently confirmed fact.
Common mistake: Comparing a minimum spread on one account with an average or commission-inclusive cost on another.
Professional tip: Save the dated entity page, fee schedule and client agreement you relied on, then confirm the same terms in the onboarding flow before depositing.
Risk warning: Forex and CFD products are leveraged and can cause rapid losses. Slippage can occur, stop orders are not guaranteed, and neither regulation nor negative-balance protection removes market, broker or insolvency risk. Verify protections for your specific legal entity and never trade money you cannot afford to lose.
What is FxPro?#
FxPro is a UK-headquartered online broker founded in 2006 in London, operating under a strict No Dealing Desk (NDD) execution model. Over 19 years, FxPro has grown into one of Europe's most established retail brokers, serving clients in 170+ countries with access to 2,100+ tradable instruments across forex, shares, indices, metals, energies, and futures.
FxPro's core philosophy centres on execution transparency — no dealer intervention, published execution quality statistics, and infrastructure designed for speed. The broker offers one of the widest platform selections in retail trading (MT4, MT5, cTrader, FxPro Platform, and FxPro App), making it a natural choice for traders who want platform flexibility without compromising on execution quality.
Regulation and Licensing#
FxPro operates through regulated entities in four jurisdictions:
| Regulator | Entity | License No. | Region |
|---|---|---|---|
| FCA (UK) | FxPro UK Limited | 509956 | United Kingdom |
| CySEC (Cyprus) | FxPro Financial Services Ltd | 078/07 | EU / EEA |
| FSCA (South Africa) | FxPro Financial Services Ltd | 45052 | South Africa |
| SCB (Bahamas) | FxPro Global Markets Ltd | SIA-F184 | International |
💡 Why does this matter? FCA and CySEC regulation ensures strict oversight including leverage caps (1:30 retail), client fund segregation, negative balance protection, and access to investor compensation schemes. The SCB entity offers higher leverage (up to 1:500) for international clients with lighter regulatory protections. FxPro's long track record under FCA oversight (since 2006) demonstrates sustained regulatory compliance.
Account Types#
FxPro offers account differentiation primarily through platform choice rather than traditional tiered accounts:
| Feature | MT4 | MT5 | cTrader | FxPro Platform |
|---|---|---|---|---|
| Min. Deposit | $100 | $100 | $100 | $100 |
| Spread | From 1.2 pips (no commission) | From 1.2 pips (no commission) | From 0.0 pips | From 0.6 pips |
| Commission | None | None | $3.50/side/lot | None |
| Execution | NDD - Instant/Market | NDD - Market | NDD - Market | NDD - Market |
| Max Leverage | Up to 1:500* | Up to 1:500* | Up to 1:500* | Up to 1:500* |
*Leverage varies by entity: 1:30 under FCA/CySEC for retail, up to 1:500 under SCB.
The cTrader account offers the tightest raw spreads with commission — ideal for scalpers and algorithmic traders. The MT4/MT5 accounts embed all costs into the spread for simpler accounting. The FxPro Platform account offers competitive spreads without commission through FxPro's proprietary interface.
Trading Platforms — Five Options#
FxPro matches Pepperstone for platform breadth:
MetaTrader 4 (MT4)#
- Industry-standard forex platform
- Expert Advisors, custom indicators, one-click trading
- Ideal for traders with existing MT4 setups and EA libraries
MetaTrader 5 (MT5)#
- Multi-asset platform with more timeframes and depth of market
- Netting and hedging account modes
- Access to stock CFDs and broader instrument range
cTrader#
- Advanced charting, Level II pricing, cAlgo for algorithmic strategies
- Raw spreads from 0.0 pips with transparent commission
- Favoured by order-flow and depth-of-market focused traders
FxPro Platform (Proprietary)#
- Modern web-based platform with clean interface
- Built-in trading tools, sentiment indicators, and advanced charting
- No download required; competitive spreads without commission
FxPro App#
- Full-featured mobile trading application (iOS/Android)
- All account management, deposits/withdrawals, and trading in one app
- Real-time alerts, economic calendar, and market analysis
Key Features#
- 2,100+ tradable instruments across 6 asset classes
- No Dealing Desk execution — no conflict of interest
- Five trading platforms (MT4, MT5, cTrader, FxPro Platform, FxPro App)
- Raw spreads from 0.0 pips on cTrader
- Negative-balance terms that must be confirmed for the serving entity and account
- Published execution statistics — quarterly transparency reports on slippage, fill rates, and speed
- Equinix data centres (LD4 London) for institutional-grade connectivity
- Free VPS for qualifying traders
- FxPro Tools — calculators, economic calendar, and analysis
- No requotes on market execution accounts
- Swap-free Islamic accounts available
Deposit and Withdrawal#
FxPro provides reliable funding with multiple options:
- Minimum deposit: $100
- Deposit fees: Zero from FxPro's side
- Withdrawal fees: Zero for most methods (bank wire may incur standard banking charges)
- Methods: Visa/Mastercard, bank wire, Skrill, Neteller, PayPal, and regional options
- Processing time: E-wallets same business day; cards 1-2 days; bank wire 3-5 business days
- Account currencies: USD, EUR, GBP, CHF, JPY, PLN, AUD, ZAR
Pros and Cons#
| Pros | Cons |
|---|---|
| Multi-regulated (FCA, CySEC, FSCA, SCB) | $100 minimum deposit (higher than XM's $5) |
| No Dealing Desk — transparent execution | Spreads on MT4/MT5 wider than raw ECN competitors |
| Five platforms including cTrader | No cent/micro account for ultra-low risk |
| 2,100+ instruments | Educational content adequate but not outstanding |
| Raw spreads from 0.0 pips (cTrader) | No TradingView integration (Pepperstone has this) |
| Published execution quality statistics | Deposit bonuses |
| 19+ years operational history | Inactivity fee after 12 months |
| Equinix LD4 infrastructure | cTrader commission slightly above Pepperstone |
| Negative balance protection |
Who Should Choose FxPro?#
FxPro is a strong choice for:
- Execution-conscious traders who value a documented No Dealing Desk model with published fill statistics and no conflict of interest.
- Multi-platform traders who want MT4, MT5, cTrader, and a proprietary platform all under one broker.
- cTrader enthusiasts seeking raw ECN spreads with a well-regulated, established broker behind them.
- European traders who prioritize FCA/CySEC regulation, long broker history, and strong investor protection.
- Intermediate to advanced traders who want 2,100+ instruments across multiple asset classes without switching brokers.
FxPro may not be the best fit for absolute beginners with very small capital (XM or HFM offer lower minimums), traders seeking TradingView execution (Pepperstone is better), or those who prioritize deposit bonuses and promotions.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comments 1
I like that this does not treat the broker choice as one-size-fits-all. For FxPro — Regulation, Platforms, Execution & Who It's For, the notes on fees, platform access and practical trade-offs make the review easier to use before opening an account.
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