Broker Review
FxPro Review 2026 — Is FxPro Legit?
Score Summary
out of 10
FxPro is an FCA and CySEC-regulated forex and CFD broker with a 15+ year track record. While its regulatory standing is solid, aggressive marketing practices, higher-than-average spreads on some products, and a heavy focus on attracting retail CFD traders warrant caution.
Overview
FxPro was founded in 2006 and is headquartered in London with additional offices in Cyprus, Monaco, and the Bahamas. The broker offers forex, CFDs on indices, shares, metals, energies, and futures. FxPro has positioned itself as a premium broker, sponsoring high-profile sporting events including Formula 1 teams and football clubs.
The company serves clients in over 170 countries and claims to have processed over 600 million orders. FxPro offers multiple platform options including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Edge platform.
Warning
FxPro's aggressive marketing and sponsorship spending suggests a heavy focus on client acquisition. While this is not inherently problematic, retail traders should ensure they are choosing the broker based on trading conditions rather than brand visibility.
Regulatory Status
- FCA (United Kingdom) — FxPro UK Limited, FRN 509956
- CySEC (Cyprus) — FxPro Financial Services Ltd, License 078/07
- FSCA (South Africa) — FSP 45052
- SCB (Bahamas) — SIA-F184
Note
While FxPro holds FCA and CySEC licenses, the company also operates through less strictly regulated entities in the Bahamas. Non-EU/UK clients may be onboarded under the Bahamas entity, which offers significantly less regulatory protection.
Fee Structure
| Fee Type | Amount |
|---|---|
| EUR/USD Spread (Standard) | 1.4 pips avg |
| EUR/USD Spread (Raw+) | 0.3 pips avg + $3.50/side |
| Share CFDs | 0.10% (min $1) |
| Overnight Financing | Variable |
| Withdrawal | Free (most methods) |
| Inactivity Fee | $15/month after 6 months |
| Minimum Deposit | $100 |
FxPro's Standard account spreads are wider than those offered by competitors like Pepperstone or IC Markets. The Raw+ account is more competitive but requires awareness of the commission structure.
Platform & Tools
FxPro offers four trading platforms:
- MetaTrader 4 — Industry standard with Expert Advisor support
- MetaTrader 5 — Advanced version with more timeframes and order types
- cTrader — Level 2 pricing and advanced order types
- FxPro Edge — Proprietary browser-based platform, simplified but functional
The variety of platform choices is a strength, though the proprietary Edge platform lacks the depth of the third-party options. Research and education resources are average.
Customer Support
Support is available via live chat, email, and phone in multiple languages. During our testing:
- Live chat connected within 3-5 minutes
- Phone support was available during business hours
- Email responses took 12-24 hours
- Support quality was adequate but heavily sales-oriented during onboarding
Warning
We noticed that customer support interactions during the account opening process included upselling to premium account types and encouragement to deposit larger amounts. This sales-driven approach to support is a yellow flag for retail traders.
Trustworthiness
FxPro has been operating for over 18 years with FCA and CySEC regulation, which provides a baseline of trustworthiness. The company has not faced major regulatory sanctions. However, the aggressive marketing approach, the presence of an offshore entity, and the inactivity fee that kicks in after just 6 months suggest a business model heavily optimized for revenue extraction from retail traders.
Conclusion
FxPro earns our Use With Caution verdict with a score of 6.5. The FCA and CySEC regulation provide genuine protections, and the broker's long operating history is reassuring. However, the aggressive marketing, wider-than-average spreads on standard accounts, and sales-oriented customer approach mean traders should carefully compare all-in costs with competitors before committing. Ensure your account is held under the FCA or CySEC entity rather than the offshore Bahamas entity.
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