The safety dossier

Safety first

FxPro review

Who regulates FxPro, under which licence, and what that means for your money.

Last checked

If FxPro failed tomorrow, you would be in about as strong a position as retail trading allows: client money held apart from the firm's own, a regulator that would step in, and a compensation scheme behind eligible accounts. Regulated by FCA (509956); CySEC (078/07); FSCA (45052); SCB Bahamas (SIA-F184); Seychelles FSA (SD120, via Invemonde Trading Ltd partnership), offering MetaTrader 4, MetaTrader 5, cTrader, TradingView, FxPro Trading Platform.

Our rating

★★★★½

One rating, identical across our sites - only the way it is shown changes. It averages six assessments: regulation, trading costs, platforms, markets, support and education.

Regulation and safety

Regulated by
FCA (509956); CySEC (078/07); FSCA (45052); SCB Bahamas (SIA-F184); Seychelles FSA (SD120, via Invemonde Trading Ltd partnership)
Regulator tier
Tier 1
Register entry
FCA Financial Services Register, FRN 509956
Client money segregated
Yes
Held at
Barclays Bank; Julius Baer; Royal Bank of Scotland
Negative balance protection
Yes
Compensation scheme
FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients
Audited by
PwC
Not available to
United States, Canada, Iran and other restricted jurisdictions

The licence is what decides where your money sits and who is obliged to do something about it.

FxPro holds tier-one authorisations from FCA and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (SCB and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

The FSCA licenses derivative providers in South Africa without a fixed retail leverage cap, so headline leverage is often higher than an FCA or ASIC entity may offer.

Check the licence yourself: the FCA Register, the CySEC register of investment firms, the FSCA list of regulated entities, the Seychelles FSA list of regulated entities.

The company behind the brand

Legal entity
FxPro UK Limited
Company number
06925128
Headquarters
London, United Kingdom
Founded
1999
Publicly listed
No
Parent company
FxPro Group Limited
Employees
600+
Also trades as
FxPro

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
0.43 pips on cTrader
GBP/USD spread
0.70 pips on cTrader
Commission
$3.50 per side / $7 round turn
All-in cost, EUR/USD
Approx. 1.13 pips
Spread type
Variable
Overnight swap
Both: overnight swaps apply; Islamic/swap-free accounts available
Currency conversion
Currency conversion applies where funding/account currencies differ

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

FxPro lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Platforms and tools

Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView, FxPro Trading Platform
Own platform
Yes, FxPro Trading Platform
Mobile app
Both proprietary and third-party
Browser trading
Yes
Automated trading
Yes; EAs, cBots, backtesting and VPS
Copy trading
Yes, cTrader Copy
Indicators
400+ through TradingView; 55+ cTrader; 38+ MT5
Third-party tools
TradingView, Trading Central, BeeksFX VPS
API access
Yes, cTrader Open API/FIX API

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

cTrader shows depth of market and level II pricing, and is usually paired with raw-spread accounts rather than fixed-spread ones.

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Markets and execution

Markets
Forex, Metals, Indices, Futures, Energy, Shares, ETFs, Cryptocurrencies
Currency pairs
70+
Total instruments
2,100+
Crypto CFDs
Yes
Maximum leverage
1:30
Execution model
No dealing desk intervention / market execution
Execution speed
Under 8ms
Order types
Market, limit, stop, stop-limit, stop-loss, take-profit, trailing stop
Servers
Equinix LD4, London

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

FxPro covers forex, metals, indices, futures, energy, shares, etfs, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, skrill, neteller, crypto and regional/local payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Accounts

Minimum deposit
$0
Account types
Standard, Raw+, Elite, cTrader, Islamic, Demo
Account currencies
13 base currencies
Islamic account
Yes
Demo account
Yes, 180-day lifespan
Professional account
Yes
Minimum trade size
0.01 lots
Time to open
Typically a few minutes

Deposits and withdrawals

Deposit methods
Visa, Mastercard, bank transfer, Skrill, Neteller, crypto and regional/local payment methods
Withdrawal methods
Visa, Mastercard, bank transfer, Skrill, Neteller, crypto and applicable local methods
Deposit time
Approx. 10 minutes for most methods; SEPA/local bank transfer generally same business day
Withdrawal time
Processed 24/5; typically within 1 business day, plus payment-provider processing time
Minimum withdrawal
No minimum
Local payment methods
Yes, extensive region-specific payment options

Support and education

Support hours
24/5
Contact channels
Live chat, email, phone, callback
Languages
Multilingual
Telephone
+44 (0) 203 151 5550
Email
support@fxpro.com
Live chat response
Typically under 2 minutes
Education
Extensive: courses, educational articles, tutorials, videos, platform guides and trading glossary
Research
Extensive: FxPro News, Trading Central, technical analysis, market outlooks, calculators and trading tools

Questions people ask about FxPro

What happens to my money if FxPro goes bust?

FxPro sits behind FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible CySEC clients. A scheme covers eligible clients of the entity that holds the licence, so the entity you were onboarded to decides whether it covers you.

Which bank actually holds client money at FxPro?

FxPro holds client money with Barclays Bank; Julius Baer; Royal Bank of Scotland, in accounts kept separate from the firm's own. Almost no comparison site publishes this, and it is the thing that decides how quickly you would see your money again if the broker failed.

Can I lose more than I deposit with FxPro?

FxPro provides negative balance protection, so a gap through your stop should not leave you owing money. It is usually a rule of the regulator rather than a favour from the broker, which means it can differ between the entities one brand operates.