Fx Pro Broker Review
FxPro
Overall Rating: 4.5 / 5.0 ⭐
"A veteran, execution-focused broker offering ultra-low latency routing and deep liquidity across four distinct platform ecosystems."
$100 (Recommended)
$7.00 Round Turn (Raw+)
MT4/MT5, cTrader
FCA, CySEC, FSCA
Pros & Cons Summary
✅ The Edge
- Elite Execution: Lightning-fast No Dealing Desk (NDD) execution, with speeds regularly clocking under 50ms (and occasionally under 8ms).
- Platform Diversity: One of the few brokers offering full support across MT4, MT5, cTrader, and their own FxPro Edge environment.
- Capital Security: Authorized by top-tier regulators (FCA & CySEC) with strict segregation of client funds and negative balance protection.
- Wallet System: The internal "FxPro Wallet" allows you to park capital away from active margin exposure, protecting uninvested funds from open-position drawdown.
❌ The Drawbacks
- Standard Spreads: The commission-free Standard account carries wider spreads (starting around 1.2 pips), making it expensive for active scalpers.
- Inactivity Penalties: A steep $15 one-off fee applies after 6 months of dormancy, followed by a $5 monthly recurring fee.
- Product Limitations: The core FxPro entity strictly offers CFDs; you cannot purchase real underlying stocks or ETFs without using their separate banking brand.
Detailed Fee & Pricing Structure
FxPro’s pricing is heavily dependent on the account type you select. For serious volume, you must bypass the Standard tier.
Account Types & Tiers
FxPro segments its accounts based on platform and execution style.
- Standard Account: Operates on MT4/MT5. It is commission-free but bakes a markup into the spread (starting from 1.2 pips). Ideal for long-term position traders who don't want to calculate separate commission costs.
- Raw+ Account: The required choice for active traders and scalpers. It provides access to raw interbank spreads starting from 0.0 pips, coupled with a $3.50 per side commission ($7.00 round turn).
- cTrader Account: Mirrors the Raw+ pricing model ($3.50 commission, 0.0 pip raw spreads) but is built specifically for the depth-of-market (DOM) capabilities of the cTrader platform.
- Elite Account: Tailored for high-volume traders. It offers the same raw pricing but adds cash rebates (starting at $1.50 per standard lot) and commission discounts up to 21% based on traded volume.
- Islamic Account: Swap-free status is available for eligible traders to comply with religious requirements.
Trading Platforms, Tools & The "War Story"
FxPro’s primary edge is its backend infrastructure. They explicitly support scalping, hedging, and Expert Advisors (EAs), backing it up with serious hardware across MT4, MT5, cTrader, and the FxPro Edge platform.
The War Story—Latency and The NFP Print:
"When running quantitative breakout scripts during Non-Farm Payrolls (NFP), latency is the single biggest threat to alpha. Standard retail brokers will often freeze your terminal or hit you with a requote as liquidity vanishes.
During a recent explosive NFP print, I monitored my EA executing on FxPro's Raw+ MT4 environment. Because FxPro routes orders via a No Dealing Desk (NDD) model and aggregates deep institutional liquidity, the market order was filled in under 50ms. There was no requote. The spread gapped as expected during the news event, but the execution integrity held up flawlessly. For algorithmic traders, this server stability is non-negotiable."
Asset Availability
Traders have access to over 2,100 CFD instruments, making it a highly capable multi-asset hub.
💱 Forex
Over 70 currency pairs offering deep liquidity and NDD execution across majors and exotics.
📈 Indices & Commodities
Deep coverage of global indices, spot metals (Gold/Silver), and energies.
🏢 Equities (CFDs)
Trade hundreds of stock CFDs on the world's most popular companies.
₿ Cryptocurrency
Offers an impressive 37+ cryptocurrency CFDs (Note: unavailable to UK retail residents due to FCA bans).
Customer Support & Research
- Money Management: The FxPro Wallet is a standout feature, acting as a secure vault for your capital. You can instantly transfer funds between the vault and your active MT4/MT5/cTrader margin accounts, protecting uninvested funds from drawdown.
- Research & Intel: Offers robust daily market analysis, Autochartist pattern recognition, and integration with Trading Central.
Final Verdict: 4.5 / 5.0
FxPro is a battle-tested, highly secure broker built for the serious algorithmic trader and the volume scalper. If you rely on MT4/MT5 Expert Advisors or cTrader's advanced order management, their Raw+ account offers the latency speeds and NDD execution integrity required to maintain your edge. However, casual beginners or discretionary swing traders who hold positions for months might find the standard account spreads slightly expensive compared to discount competitors, and long-term investors should note the lack of real (non-CFD) equities.
Explore FxPro Raw+Account Opening Walkthrough
- Register: Complete the initial application and choose your regulatory jurisdiction (this dictates your maximum leverage).
- Select Account & Platform: Opt for the Raw+ or cTrader account to ensure you are trading on raw spreads rather than retail markups.
- Verify Identity: Submit your government ID and proof of residence to clear KYC procedures.
- Fund the Wallet: Deposit capital securely into your FxPro Wallet (zero funding fees applied by the broker) and allocate it to your live trading terminal.
Frequently Asked Questions (FAQ)
Does FxPro use a Dealing Desk?
No. FxPro operates a No Dealing Desk (NDD) execution model with no requotes, meaning they route your orders directly to their aggregated liquidity pools rather than trading against you.
What is the minimum deposit for FxPro?
While you can technically fund an account with less, FxPro recommends a minimum starting deposit of $100 to adequately cover initial margin requirements and support proper risk management.
What is the FxPro Wallet?
It is a central risk management tool that allows you to store your funds completely protected from the open-position drawdown of your active trading accounts. You can transfer capital instantly between the Wallet and your MT4/MT5 terminals.
Alternative Recommendations
Not completely sold on FxPro? Consider these alternatives based on your trading style:
Fusion Markets
A superior alternative if your primary focus is stripping your commission costs down to the absolute minimum ($4.50 round turn vs. FxPro's $7.00).
Read Review →IC Markets
Another institutional-grade powerhouse offering similar MT4/MT5/cTrader execution, but with slightly tighter average spreads on minor FX crosses.
Read Review →