Quick Facts — Updated January 2024
Regulation
FCA, CySEC, DFSA, SCB
Typical Spread
0.6 pips (MT4)
Commission
$3.50/lot (cTrader ECN)
Platforms
MT4, MT5, cTrader, FxPro Edge
Overview
Is FxPro a Good Broker?
FxPro offers something genuinely unusual: four distinct execution models, each with its own platform. MT4 and MT5 use market execution with built-in spreads; cTrader uses ECN execution with raw spreads plus commission; FxPro Edge (proprietary) uses its own hybrid model. This gives traders genuine choice rather than forcing a single model.
FCA and CySEC regulation provides solid European trader protections. The London headquarters and 18-year track record add credibility. Standard spreads of 0.6 pips are competitive; cTrader ECN spreads average 0.1 pips with $3.50/lot commission — genuinely tight for scalpers who prefer cTrader over MT4.
✓ Advantages
✓4 platforms with 4 execution models — unique choice
✓FCA + CySEC regulated
✓cTrader ECN: 0.1 pip avg spread
✓London-headquartered — 18 years operating
✓FxPro Edge proprietary platform
✗ Disadvantages
✗$100 minimum deposit
✗Education content average
✗Some withdrawal delay reports in peak periods
✗Less liquid than top-3 ECN brokers
Scoring Breakdown
How FxPro Scored (out of 10)
Deposits & Withdrawals7.8
Our Verdict
Should You Open a FxPro Account?
Best for: Traders who want platform flexibility — ability to switch between MT4, MT5, cTrader ECN, and a proprietary platform with the same account. Strong for UK/EU traders wanting FCA coverage.
Common Questions
FxPro FAQ
What are FxPro's 4 execution models?+
MT4 market execution (built-in spreads), MT5 market execution, cTrader ECN (raw spread + $3.50/lot commission), and FxPro Edge proprietary platform. Each has different cost structures.
Is scalping allowed at FxPro?+
Yes — FxPro explicitly permits scalping on all platforms including cTrader ECN.
Is FxPro available in the US?+
No — FxPro does not accept US clients due to CFTC/NFA regulatory requirements.
What is FxPro Edge?+
FxPro's proprietary web/mobile platform with integrated sentiment indicators, economic calendar, and simplified order entry. Best for traders who find MT4 too complex.
⚠ Risk Warning: Trading forex and CFDs involves significant risk of loss. 68–89% of retail investor accounts lose money. This review is for informational purposes only and does not constitute financial advice.