Overview
FxPro was founded in 2006 and is headquartered in London with offices in Cyprus, the Bahamas, and South Africa. Regulated by FCA, CySEC, SCB, and FSCA, FxPro offers a unique range of four execution models: Market Making (MT4), ECN (MT5), STP (cTrader), and DMA — giving traders flexibility in how their orders are processed. The broker supports MT4, MT5, cTrader, and its own FxPro platform with raw spreads from 0.0 pips on ECN accounts.
Pros
- Four execution models: Market Making, ECN, STP, and DMA — maximum flexibility for different strategies
- Multiple platforms: MT4, MT5, cTrader, and proprietary FxPro platform all supported
- FCA regulated: UK Financial Conduct Authority regulation with client fund segregation
- Competitive ECN pricing: Raw spreads from 0.0 pips with commission on ECN/STP accounts
- Copy trading: FxPro CopyTrade platform available
Cons
- Complex account structure: Four different execution models can confuse new traders
- Higher standard spreads: Market making account spreads are not competitive
- $100 minimum deposit: Higher than some competitors like Pepperstone or XTB
- Limited education: Educational resources are below average compared to XM or IG
- Some offshore entities: Non-EU/UK clients may fall under less strict jurisdictions
Spreads & Fees
| Account Type | EUR/USD Spread | Commission | All-In Cost |
|---|---|---|---|
| MT4 (Market Making) | Avg 1.60 pips | None | ~1.60 pips |
| MT5 (ECN) | Avg 0.0 pips | $3.50/side | ~0.72 pips |
| cTrader (STP) | Avg 0.10 pips | $3.50/side | ~0.80 pips |
Overnight (Swap) Fees: Published on website; varies by instrument. Withdrawal Fees: Free for most methods; some bank transfer fees may apply. Inactivity Fee: $15/month (or account currency equivalent) after 6 months of inactivity.