6.2

FxPro Review: Does this Broker Provide MT4?

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6.2/10 (Expert Score)
Product is rated as #32
Trust & Regulatory Status
4.7
Tradable Instruments
5
Fees
6.3
Account Types
6.1
Platform and Tools
6.2
Deposit and Withdrawal
6.2
Customer Support
6.3
Research and Education
5.7
Mobile Trading
4.5
Security
6.5

USP: Regulated by FCA (UK), SCB (Bahamas) & FSCA (S.Africa) | Ultra-low spreads from 0.0 pips on Raw accounts | Supports MT4, MT5 & cTrader platforms


FXPro Overview & Company Background


FxPro (founded 1999, London) is a veteran CFD/FX broker serving 173 countries. It operates under multiple regulators (FCA UK, SCB Bahamas, FSCA S.Africa, FSA Seychelles) with a global staff of ~300, executing 786+ million orders. The company has earned 128+ industry awards for its fast execution and customer service, ranking it among the largest retail FX brokers (11.2M accounts). Its mission emphasizes cutting-edge trading technology, deep liquidity and robust oversight in worldwide markets.

  • 🏦 Headquarters: London, UK
  • 📅 Founded: 1999
  • 📜 Regulation: FCA (UK – No. 509956); FSCA (S. Africa – 45052); SCB (Bahamas – SIA-F184); FSA (Seychelles – SD120)
  • 🗺 Supported Countries: 173 worldwide
  • 💻 Platforms: MetaTrader 4, MetaTrader 5, cTrader (plus FxPro WebTrader and Mobile App)
  • 💵 Min Deposit: No fixed minimum on Standard accounts (recommended $1,000)

Company Overview

FxPro was one of the earliest online FX brokers and has grown steadily with offices in the UK, Bahamas, UAE, Cyprus, and beyond. It executes most orders in under 11ms with no dealing desk (NDD execution) and aggregates deep liquidity for tight pricing. Over 26+ years, it has executed 786+ million trades and supports 2100+ instruments (FX, indices, commodities, energies, stocks, ETFs, cryptos). FxPro’s growth is marked by multi-regulation (gaining FCA, SCB, FSCA, etc.), high customer ratings (5-star support), and major sponsorships (AS Monaco, Aston Villa), reflecting its leading position in global online trading.


Pros & Cons Analysis


PROS
  • Regulated by FCA (UK), SCB (Bahamas), and FSCA (South Africa) – offering strong client protection.
  • Raw/Elite accounts offer 0.0+ pip spreads on majors, making trading costs very low.
  • Offers MetaTrader 4/5 and cTrader, plus web/mobile platforms, catering to various trading needs.
  • Over 84% of orders hit requested price, with sub-11ms execution and no requotes.
  • Serves 11.2M+ client accounts in 173 countries, with multi-currency wallets and multiple base currencies, enabling broad market access.
CONS
  • No fixed spreads or guaranteed stops (spreads can widen in volatility).
  • U.S., Canada, Iran residents (among others) cannot open CFD accounts.
  • Fewer local payment methods in some regions, and no dedicated education for beginners.

FxPro vs Competitors: Key Differences

  • Platforms: FxPro’s support for MT4, MT5 and cTrader (including mobile/web versions) is broader than brokers offering only MT platforms.

  • Pricing: Raw/Elite accounts with 0.0‑pip spreads (90% of day) plus low commission ($3.50/side) give cost savings that beat many rivals.

  • Regulation: Tier-1 FCA oversight and Tier-2/3 licenses (Bahamas, S.Africa) vs some brokers regulated only offshore.

  • Product range: FxPro provides 2,100+ CFDs (including stocks/ETFs/cryptos) whereas some brokers limit product types.

  • Unique perks: Elite account rebate program (up to 21%) and premium VPS/VIP offerings; however, lacks certain features like a proprietary education platform that some competitors have.


Is FXPro Regulated and Safe?


FxPro is well-regulated: its UK entity is overseen by the FCA (Tier-1 regulator), supplemented by licenses from Bahamas and South Africa (Tier-2) and Seychelles (Tier-3). FCA regulation implies strict capital requirements and client fund protection (segregated accounts and FSCS cover). FXPro’s regulatory mix means tier-1 safety standards for UK/EU clients and additional licenses for global coverage. All client funds are held in segregated bank accounts (major banks like Barclays, RBS) and audited by PwC. FxPro UK Ltd participates in the FSCS compensation scheme (up to £85,000) and its South African arm is in the local investor compensation fund. The broker also enforces Negative Balance Protection (clients cannot lose more than deposited), uses encrypted data protocols, and complies with GDPR. This multi-regulatory structure and strong safety measures provide high confidence in fund security and trust.

  • Licensing:
    • UK: FCA (Financial Conduct Authority) – License No. 509956
    • South Africa: FSCA (Financial Sector Conduct Authority) – Authorisation No. 45052
    • Bahamas: SCB (Securities Commission of The Bahamas) – License No. SIA-F184
    • Seychelles: FSA (Seychelles FSA) – License No. SD120
  • Safety Measures:
    • Client Fund Protection: All client funds are fully segregated from company capital in top-tier banks, minimizing counterparty risk. External auditing by PwC ensures transparency. No FxPro debts are paid from client pools.
    • Compensation Schemes: FxPro UK Ltd is FSCS-covered (up to £85k per client) and FxPro SA is in the local ICF scheme. If FxPro were to fail, eligible clients would receive compensation under these schemes (subject to limits).
    • Negative Balance Protection: All accounts have NBP, so traders cannot owe more than their balance. Positions are liquidated at a 50% margin threshold (50% stop-out) to prevent deep losses.
    • Data Security & Encryption: FxPro uses industry-standard SSL/TLS encryption for all website and app data, and offers two-factor authentication. A dedicated security team monitors systems 24/5. All personal data is GDPR-compliant, and servers are regularly audited. User actions (password changes, trades, etc.) trigger confirmation alerts. These measures ensure client information remains confidential and tamper-proof.

Trading Conditions & Costs


Instruments: Forex, Metals, Indices, Energy, Shares, ETFs, and major Crypto CFDs. FxPro offers 2,100+ tradable symbols across all asset classes via CFDs.

Spreads: Floating spreads from 0.0 pips on Raw+ (MT4/MT5) and Elite accounts (with $3.50 commission per side). Standard accounts have spreads from ~1.2 pips on majors. All spreads are variable (no fixed spreads).

Commission: $3.50 USD per side on Raw/Elite accounts (equivalent to $7 per round-trip lot). Standard accounts have no commission but slightly wider spreads. cTrader accounts have a $35 per $1M per side commission (both open/close).

Leverage: Up to 1:500 for eligible (non-EU) clients. Exact leverage depends on jurisdiction (EU and UK clients face lower caps). High leverage allows large position sizes on small margin, amplifying both profit and risk.

 

Instruments: FxPro covers all major CFD markets: 50+ FX pairs, metals (Gold, Silver), energies (oil, gas), global indices, 2,000+ stock CFDs and ETFs, plus popular cryptocurrencies (e.g. BTC, ETH). Traders can diversify across asset classes. All instruments are accessible on any platform once an account is funded.

Spreads: Spreads are fully floating. Raw+/Elite accounts access deep interbank liquidity, resulting in spreads near 0.0 pips for most of the day. For example, EUR/USD can trade around 0.0–0.2 pips spread in Raw+ account. Standard accounts trade wider (EUR/USD ~1.2 pips). Traders should be aware that spreads widen during major news. In return for zero spreads, Raw/Elite accounts charge a $3.50 per-lot commission.

Commission: Raw and Elite accounts have transparent commissions: $3.50 USD per side on FX/Metals. This low fee model is well-suited to scalpers and high-volume traders. The Standard account avoids commission entirely at the cost of slightly higher spreads. cTrader accounts use a commission of $35 per $1,000,000 traded on FX/Metals. There are no hidden fees; FxPro does not charge for deposits/withdrawals.

Leverage: Up to 1:500 is available (depending on regulator and instrument). High leverage can multiply trading power (e.g. 1:100 means €1,000 margin controls €100,000 trade), but also increases risk. EU/UK traders are restricted to lower leverage (max 1:30 for major FX under ESMA rules), while international clients can go up to 1:500. Margin requirements and allowed leverage for each instrument are detailed in FxPro’s leverage info pages.


FXPro Trading Platforms & Tools


MetaTrader 4 (MT4): The classic, widely-used Forex platform. Available on Windows/Mac/Web/iOS/Android, MT4 offers 50+ technical indicators, 9 chart timeframes and 3 chart types. It supports one-click trading and trading directly from charts. MT4 has an integrated MetaEditor for coding EAs and indicators (MQL4), and a built-in strategy tester. FxPro provides MT4 with fast execution and even includes Trading Central analysis tools (via a plugin).

 

MetaTrader 5 (MT5): The successor to MT4. It has all MT4’s features plus more: 38+ indicators, 44 chart types, 21 timeframes, and an integrated economic calendar. MT5’s Depth of Market (DOM) tool shows full order book levels. Like MT4, MT5 supports one-click trading and has MQL5 for advanced algorithmic strategies. It’s a single platform for trading 2000+ CFDs (including stocks/ETFs).

 

cTrader: A modern ECN platform for Forex/CFD trading. Available on Windows/Mac (desktop), web, and iOS/Android. cTrader offers full Level-2 Depth of Market, 55+ built-in indicators, 28 timeframes and 6 chart types. It provides ultra-fast order execution, no stop level restrictions and advanced order types (market orders with guaranteed fill, multiple stop/limit variations). All accounts linked to one cTrader ID (cTID) for seamless login. A user guide details its many features.

 

FxPro WebTrader: A browser-based MT4/MT5 interface. It requires no download and gives you the core MT4/5 functionality online. Features include 50+ indicators, six chart types, and lightning-fast order execution (<12ms). Users can customize dashboards with trading widgets and trade directly from charts with one click. WebTrader syncs with your MT4/5 accounts for full portfolio access on any PC.

 

FxPro Mobile App: An all-in-one trading app for iOS/Android. It integrates TradingView charting and Trading Central signals for on-the-go technical analysis. The app lets you open/close trades, manage accounts, deposit/withdraw funds and view an economic calendar. Security features include 2FA, passcode/fingerprint lock and encrypted data. With a 4.7★ rating (15M+ downloads), it brings desktop power to mobile.

 

Automated Trading: All platforms support expert advisors (EAs on MT4/5, cBots on cTrader). Traders can implement automated strategies via MetaEditor (MQL4/MQL5 scripting). Backtesting tools in MT4/5 allow optimization before live trading. FxPro offers a VPS service integration (BeeksFX) to run bots 24/5 with zero downtime.

 

Advanced Charting: Each platform provides extensive charting tools and indicators. MT4 includes 30+ pre-set indicators and 9 timeframes; MT5 has 38+ indicators and 21 timeframes; cTrader boasts 55+ indicators with 28 timeframes. Traders can create custom charts, draw tools (trendlines, Fibonacci) and set up alerts. cTrader also features detachable charts and multi-monitor support.

 

Market Depth (DOM): cTrader delivers full Depth of Market (Level II) for precision entry. MT5 includes a DOM window showing aggregated bids/offers. These tools let traders view liquidity at different price levels. For order execution, all platforms allow one-click trading from the chart, as well as trailing stops and partial order fills. cTrader adds advanced protection orders (e.g. guaranteed stop) and price alerts.

 

Trading Tools & Integration: MT4/MT5 support Trading Central analysis plug-ins, giving on-chart pivot points and pattern recognition. cTrader includes an integrated economic calendar and news feed, and shows market sentiment gauges. Price alerts can be set on any platform (sound, email or push notification). All platforms support multi-language interfaces and real-time market data.

 

Customization & Automation: Traders can program custom indicators and EAs via the built-in editors (MetaEditor for MT4/5). FxPro’s ecosystem allows using external tools too: for example, a suite of calculators (pip, margin, swap) is available on , and traders can run strategy scripts on a VPS. This flexibility appeals to algorithmic and professional traders.

 

Research Tools: FxPro integrates several built-in tools for market research:

 

  • Trading Central: A third-party technical research service available free on MT4/MT5. It provides chart-based analysis, support/resistance levels, trend forecasts and candlestick patterns for multiple assets, delivered within the trading platform or via daily newsletters.
  • All-in-One FX Calculator: FxPro’s proprietary calculator quickly computes required margin, pip values, swap rates and commissions for any trade, aiding in position sizing and risk analysis.
  • Economic Calendar: A live calendar () of global economic events and releases. Traders can view upcoming news for Forex and other markets to plan trades around data shocks.
  • Market News Feed: FxPro.news aggregates real-time financial news and analysis. In-platform news boxes deliver headlines and sentiment indicators.
  • Sentiment Data: cTrader includes live market sentiment gauges (buy/sell ratios for major pairs). Trading Central also provides directional bias signals.
  • Additional: FxPro offers a forex calendar, earnings calendar, and even a trading calculator suite. These tools (native or integrated) help traders make informed decisions without leaving the platform.


FXPro Account Types & Minimum Deposit


Account Types Min Deposit Spread Commission Platforms
Standard (MT4/MT5) None From 1.2 pips (forex) None MT4, MT5
Raw+ (MT4/MT5) None From 0.0 pips $3.50 per side MT4, MT5
Elite (MT4/MT5) ~$10,000 From 0.0 pips $3.50 per side MT4, MT5
cTrader ~$1,000 From 0.2 pips $35 per $1M (0.0035%) cTrader

  • Standard Account: Designed for all traders. No fixed minimum deposit. Floating spreads start around 1.2 pips on majors, no commission, and micro-lot trading.
  • Raw+ Account: NDD/STP “raw spread” account. No fixed min (recommended ~$1k). Spreads from 0.0 pips on major FX, $3.50 commission per side. Eliminates markups for active traders.
  • Elite Account: Tier for very active traders. High entry requirement (~$10k). Same spreads/commission as Raw+ (0.0 pips + $3.50 side), with additional rebates on commissions (up to 21%).
  • cTrader Account: Full cTrader ECN environment. Min deposit ~$1,000 (varies by jurisdiction). FX/Metals spreads from 0.2 pips, with a commission of $35 per $1,000,000 traded (per side). Only on cTrader platform.

Special Account Features

  • Demo Account: FxPro provides unlimited free demo accounts to practice trading in a risk-free environment. Beginners can test strategies with virtual funds before going live.
  • Islamic (Swap-Free) Accounts: Swap-free versions of each account are available upon request for clients observing Sharia law. Normal overnight fees are waived, though FxPro may charge alternative fees for positions held long-term.
  • VIP / Premium Accounts: High-volume traders (typically depositing ≥$50k) can access VIP membership. Benefits include free VPS hosting and the possibility of reduced spreads or commissions, as well as priority support services.
  • Managed (PAMM) Accounts: FxPro offers a PAMM solution (Percent Allocation Management Module) where investors can allocate funds to be managed by professional traders. Profits and commissions are shared according to predefined splits.

Deposits & Withdrawals


Bank Transfer: International wire (SWIFT/SEPA) in major currencies. Deposits are credited to the FxPro Wallet within 10 minutes (bank wires may take 1 business day to arrive). Withdrawals back to your bank take ~3–5 business days. FxPro charges no deposit/withdrawal fees (intermediary bank fees may apply).

Credit/Debit Cards: Instant funding via Visa, MasterCard, etc. Funds credited in minutes. Withdrawals go back to the same card; processing can take up to ~10 working days. No FxPro fee is charged for card deposits/withdrawals.

E-Wallets: PayPal, Neteller, Skrill (and similar e-wallets) are supported. Deposits are instant and free. Withdrawals via e-wallets typically arrive within the same or next business day. FxPro does not charge for these transfers. (Note: Some e-wallets may impose fees if withdrawing non-trading funds.)

Local Payment Options: Country-specific methods (e.g. local bank apps, mobile payments) depending on your jurisdiction. Deposits are usually instant or same-day, with zero fees from FxPro. Withdrawal via local methods follows the same channel if supported.

Processing Details: Deposits are processed within minutes for cards/e-wallets, and usually the same business day for SEPA/local transfers. Withdrawal requests are handled within 1 business day. Funds then take ~3–5 days for international bank transfers, same-day for SEPA/local, and up to ~10 days for card refunds. E-wallet withdrawals are typically completed in under 1 business day.

Deposit Fees: No. FxPro does not charge any deposit fees (all methods are free on the broker side). Standard banking fees from your bank or card issuer may still apply.

Withdrawal Fees: No. FxPro does not charge withdrawal fees. Exceptions: some e-wallet providers may charge if funds were not traded. Banks may impose incoming wire fees, so check with your bank.

Minimum/Maximum Limits: There is no universal minimum deposit (Standard accounts have no fixed requirement). Practical limits depend on method: e-wallet and card withdrawals often allow down to ~$10–20; bank transfers usually have at least ~$50–100 minimum. No explicit maximum, though very large single deposits may require additional verification.


How to trade with FXPro? Step-by-Step Guide


  1. Visit FxPro’s official website (fxpro.com) and click “Register”.

  2. Fill in your personal details in the sign-up form (name, contact info, etc.) and choose your preferred account (Standard/Raw/cTrader).

  3. Verify your email and phone number by entering the codes sent to you.

  4. Complete your KYC: Upload identification documents (e.g. passport or ID card) and proof of address via the secure FxPro Direct portal.

  5. Fund your account: Use the Wallet section to deposit funds via your chosen method (bank wire, card, or e-wallet). The funds will appear in your account balance.

  6. Download and install a platform: Log in to MetaTrader 4, MetaTrader 5 or cTrader using your account credentials. (Alternatively use FxPro WebTrader or the FxPro mobile app.)

  7. Choose your instrument: Browse the symbol list to find a currency pair, metal, index, stock CFD or crypto you want to trade.

  8. Analyze and plan: Open a chart, add indicators or templates as needed. Check news/calendar events. Decide your entry/exit levels.

  9. Place your trade: On your platform, enter a market or pending order (Buy/Sell) and set your stop loss and take profit as desired. Confirm the order.

  10. Monitor the trade: Watch your position or set alerts. You can manually close the trade or let it hit the SL/TP levels automatically.

Summary: Trading with FxPro is straightforward, even for beginners. After a quick signup and verification, your account is ready to go. The platform choices (MT4/MT5/cTrader/Web/Mobile) are intuitive, and depositing is instant. The intuitive interfaces and account separation (wallet system) make it easy to move funds and open trades. Beginner traders appreciate the demo mode to practice first, while advanced users enjoy the low-latency execution and professional tools.


Customer Support


Channels: FxPro offers 24/5 support via Live Chat, email and telephone. Live Chat is accessible on  for instant help. You can email [email protected] for questions, or call +44 (0) 203 151 5550 (UK office). Additional offices (Dubai, Bahamas) have local numbers listed on the Contact page.

Support Hours: 24/5 (Mon–Fri) – support is available around the clock during market weekdays (GMT). Even outside UK office hours, Live Chat remains online during trading hours.

Additional Details:

  • Multilingual Support: The team covers 20+ languages for global clients, so you can get help in your native language.
  • Dedicated Support for VIPs: High-volume (VIP) clients receive priority service, including personal account managers, free VPS and faster response times.
  • Quick Response: FxPro advertises 5-star support and typically answers chats/emails promptly. They also provide extensive FAQs and guides.

FXPro Final Verdict


“Ideal for experienced CFD/FX traders seeking low-cost, high-performance trading with robust regulation.”

Avoid If: You need guaranteed fixed spreads or stop-loss guarantees (FxPro offers only floating spreads). Also avoid if you reside in the USA, Canada, Iran or other restricted jurisdictions (FxPro does not accept CFD accounts from those countries). If you prefer a broker focused on stock trading (actual equity ownership) rather than CFDs, FxPro’s CFD-only model may not suit you.

Bottom Line: FxPro is a solid choice for global traders. Its strengths are clear – Tier-1 regulation (FCA UK), ultra-tight spreads (0.0 pip raw accounts), and a variety of advanced platforms (MT4/5, cTrader) and tools. The broker’s fast execution and deep liquidity benefit scalpers and high-volume traders. It offers a range of account types and an extensive instrument list (forex, commodities, indices, stocks and crypto CFDs). We recommend FxPro for ambitious traders who value cost efficiency and regulatory safety. Beginners can certainly use it (especially with demo mode), but should be aware that the learning curve is steeper than with more educational-focused brokers. Overall, FxPro’s proven track record and feature-rich ecosystem make it a highly-regarded broker in 2025.


Frequently Asked Questions


Is FxPro regulated and safe for trading?


Yes. FxPro is regulated by top-tier authorities (FCA UKfxpro.com) and others (Bahamas SCB, South Africa FSCA, etc.). It segregates client funds in insured banks and offers negative-balance protection. UK clients also have FSCS protection up to £85,000. These measures make trading with FxPro generally very safe and transparent.

Which trading platforms does FxPro support?


FxPro supports MetaTrader 4, MetaTrader 5, and cTrader on desktop, web and mobile. It also offers its own WebTrader and a mobile trading app. All platforms offer rich charting, indicators, and order types. You can trade the same account across multiple platforms simultaneously if you wish.

What is the minimum deposit to open a live account?


There is no fixed minimum deposit for Standard accountsfxpro.com. Practically, FxPro often works with deposits from as low as $100–$200, though high-volume accounts like Elite may require $5k–$10k. Always check the account requirements on the registration page in your region.

Does FxPro offer demo accounts?


Yes. FxPro provides unlimited demo accounts for practice. You can open a demo with virtual funds on any platform (MT4/MT5/cTrader) to test strategies and platforms risk-free. It’s recommended for beginners to get familiar with trading and for experienced traders to try out strategies.

What markets can I trade with FxPro?


FxPro offers a wide range of CFDs: 50+ forex pairs, commodities (gold, oil, etc.), indices, over 2,000 share CFDs and ETFs, plus popular cryptocurrencies. Essentially, you can trade most major global markets via CFDs on FxPro’s platforms.


About Author


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Robert J. Williams

Robert J. Williams, an MBA graduate from the University of Southern California with a significant background in finance. Extensive professional experience with top investment firms such as Balt Investment and Globe Investments, enhancing venture capital portfolios and developing sophisticated investment strategies. Contributing expert at PipPenguin, where he simplifies complex financial topics and online brokers for a broad audience, empowering them with the knowledge to succeed in trading.
Our Methodology
At BrokerInspect, we base our broker reviews on verified data from each broker's official website, supplemented by public regulatory disclosures. Using a structured scoring system, we evaluate key aspects like regulation, fees, platforms, and customer support. Each metric is individually rated and contributes to a broker's final score, which is reviewed by our editorial team. Reviews are regularly updated to ensure accuracy, transparency, and relevance.
Disclaimer
The information provided in this broker review is for educational and informational purposes only and does not constitute financial advice. Trading financial instruments involves substantial risk and may not be suitable for all investors. Readers should conduct their own research and consult with a licensed financial advisor before making investment decisions.

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FxPro Review: Does this Broker Provide MT4?
FxPro Review: Does this Broker Provide MT4?

 2025 BROKERINSPECT

Disclaimer: Trading forex, CFDs, cryptocurrencies, and other derivatives involves substantial risk and is not suitable for all investors. Leverage can amplify both gains and losses. Market volatility, system failures, and third-party service risks can result in significant financial loss. Past performance does not guarantee future results. This content is for informational purposes only and does not constitute investment advice. Seek professional guidance before making any financial decisions. For a full overview of associated risks and our disclaimers, click here.
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