FxPro All Country Review

FxPro is a highly recognized international Forex and CFD broker, established in 2006. It has built a strong reputation based on its advanced technology, commitment to ultra-fast execution (often below 12 milliseconds), and operating under a No Dealing Desk (NDD) model.

FxPro: A Comprehensive Global Broker Review

FxPro primarily routes client orders to deep liquidity pools, aiming for minimal slippage and a reduction in potential conflicts of interest. It is a highly popular choice globally, supporting clients in over 170 countries.

Global Regulation and Client Safety

A critical aspect of FxPro is its multi-jurisdictional regulation, as the client's country of residence dictates the specific terms of protection and trading.

For clients residing in the European Union (EU) and the United Kingdom (UK), FxPro operates under the stringent oversight of the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in the EEA. This strict regulation ensures the highest level of client protection, including the mandatory Negative Balance Protection (meaning you cannot lose more than your deposited funds) and access to investor compensation schemes (such as the FSCS or ICF). However, these regulations also impose a limit on leverage, typically capped at 1:30 for major currency pairs.

For clients in the Rest of the World (Global Markets), FxPro often operates under entities regulated by authorities like the Securities Commission of The Bahamas (SCB). These jurisdictions offer significantly higher leverage (often up to 1:200 or more, depending on the asset) and greater account flexibility. While these entities still maintain high standards of security, traders should note that the investor compensation scheme coverage and specific protections may differ from those provided by the FCA or CySEC.

In all cases, FxPro strictly adheres to the practice of segregating client funds in major international banks, keeping client capital separate from the firm’s operational money.

Trading Platforms and Execution Technology

FxPro excels by offering a wide array of powerful trading platforms, all integrated with its low-latency execution infrastructure:

• MetaTrader 4 (MT4): The foundational platform, essential for Forex traders and for running Expert Advisors (EAs).

• MetaTrader 5 (MT5): An enhanced version offering more advanced analytical tools and access to a broader range of CFDs, including Shares and Futures.

• cTrader: Highly popular among professional traders and scalpers, this platform offers a genuine raw-spread environment with complete market depth (Level II).

FxPro's core strength is its NDD execution model, which guarantees that trades are executed quickly at the best available interbank prices without any dealing desk intervention.

Account Types and Trading Costs

FxPro offers flexibility in its pricing model through several account types:

1. Standard Account (MT4/MT5): Designed for simplicity, this account is commission-free, with all trading costs incorporated into the floating spread (which typically starts around 1.2 pips for major FX pairs).

2. Raw+ / Elite Accounts (MT4/MT5): These accounts cater to high-volume and professional traders by offering raw spreads (starting from 0.0 pips) combined with a competitive, fixed commission per lot traded.

3. cTrader Account: Follows a similar commission-plus-spread model, tailored specifically for the platform's ECN-like trading environment.

The broker's initial minimum deposit is generally accessible, starting at around $100, making it a viable option for a wide range of traders.

Assets and Support

FxPro provides access to over 2,100 CFD instruments, allowing for significant portfolio diversification. This includes major and minor Forex pairs, global Indices, Shares from major international exchanges, key Spot Metals (like Gold and Silver), Energies, and selected Cryptocurrency CFDs (availability depending on jurisdiction).

The broker offers 24/5 multilingual customer support via live chat, email, and phone, ensuring global accessibility during trading hours.

In summary, FxPro is recognized as a high-quality, reputable broker globally. Traders must carefully consider their country's regulatory entity, as this directly influences their maximum leverage, cost structure, and the overall level of regulatory safety they receive.