FxPro

FxPro was founded in Cyprus in 2006 by Charalambos Psimolophitis and has grown into one of the longer-established CySEC-regulated brokers serving the European retail market. The group is headquartered in Limassol and operates through a multi-entity structure: FxPro Financial Services Ltd (CySEC-regulated for EU servicing), FxPro UK Limited (FCA-regulated in London), FxPro Global Markets Ltd (SCB-regulated in the Bahamas for the offshore book), and FxPro Financial Services Ltd's South African branch (FSCA-regulated for the African market). The group is privately held with no listed parent, and the operational hub remains in Limassol with secondary offices in London, Nassau, Dubai, and Hong Kong. The broker reports executing more than 6,500 trades per second across its retail and institutional flow and processes a monthly volume in the tens of billions of USD notional — a meaningful but not headline-grabbing scale compared to Exness's USD 4 trillion monthly figure. FxPro has deliberately positioned itself as a mid-to-upper tier broker with a stronger platform offering than the pure-play ECN names like Tickmill and a more disciplined client onboarding process than the high-volume offshore brands. The product catalogue covers approximately 70 forex pairs, around 30 cash and futures CFDs on global indices, spot metals (gold, silver, platinum, palladium), CFDs on WTI and Brent crude alongside natural gas, around 2,000 share CFDs across US, European, and Asian listings, a small set of ETF CFDs added in 2021, and cryptocurrency CFDs where the regulatory framework permits (not currently offered to EU retail clients due to FCA and ESMA leverage and marketing restrictions). The product range is broader than Tickmill's narrow forex-and-major-CFDs focus but narrower than Capital.com's 3,000+ instrument catalogue or IG's 17,000+. Notable developments include the launch of the FxPro Edge proprietary mobile app in 2023, the expansion of the FxPro Academy with structured video courses, the addition of cTrader Copy for in-platform social trading, and the rollout of dedicated execution monitoring with publication of monthly execution statistics covering slippage and fill rates.

The regulatory framework is one of the more comprehensive in the segment. FxPro Financial Services Ltd, the EU entity, operates under CySEC licence 078/07 — a relatively early CySEC number reflecting the broker's 2006 founding — with the EU MiFID II passport, ICF compensation coverage up to EUR 20,000 per eligible client, mandatory negative balance protection, segregated client funds at tier-1 European banks, and a published best-execution policy under MiFID II (the separate RTS 27 and RTS 28 reporting obligations were retired in 2021 and 2024 respectively). The CySEC entity holds the highest CIF category (Category 1) which carries the EUR 730,000 minimum capital requirement, and FxPro's actual capital adequacy sits substantially above this floor based on the audited annual accounts. The UK entity, FxPro UK Limited, holds FCA licence 509956 and provides UK clients with FSCS compensation coverage up to GBP 85,000 alongside FCA conduct supervision. The South African business operates under FSCA licence 45052 with separate capital-adequacy and conduct obligations under South African law. The offshore arm, FxPro Global Markets Ltd, holds Securities Commission of the Bahamas licence SIA-F184, which is the route through which the broker offers leverage above 30:1 to non-EU clients and supports cryptocurrency CFD trading for jurisdictions where this is permitted. The CySEC and FCA permissions are both tier-1 regulatory frameworks with mature client-protection regimes; the FSCA permission is solid mid-tier; the SCB permission is offshore and does not carry equivalent client-protection weight, though it has been used appropriately for the non-EU book rather than for EU client onboarding. FxPro has no material regulatory sanctions on record from CySEC, the FCA, or any other primary regulator over the past decade. Audited annual reports for each subsidiary are published on the broker's site, and the broker is one of the more transparent in the segment about execution statistics and capital position.

Pricing follows a two-account model on FxPro's EU entity, and it is competitive on platform choice rather than on cost. The cTrader account charges a commission of USD 0.35 per USD 10,000 traded per side (USD 35 per million), which is about USD 3.99 per side, or USD 7.98 round-turn, on a standard lot of EUR/USD at 1.14. That sits on top of a spread FxPro publishes daily: EUR/USD from 0.4 pips, with a daily average of 0.43 pips at our last check. All-in, that is roughly USD 12 per standard lot round-turn, above Pepperstone Razor and IC Markets Raw (USD 7 commission on spreads averaging around 0.1 pips) and Tickmill Raw (USD 6 commission). The MT4/MT5 Standard account offers all-inclusive spreads from 1.2 pips on EUR/USD with no commission, implying an all-in cost from around USD 12 per standard lot round-turn, which is too wide for consistent volume but acceptable for clients who prefer wrapped pricing. FxPro's EU entity does not list the Raw+, Elite or separate MT5 accounts. A trader running 20 standard lots per month on cTrader would pay about USD 160 in commissions plus around USD 85 in spread at the published average, versus USD 120 in commissions at Tickmill or USD 140 at Pepperstone and IC Markets, before spread. The USD 100 minimum deposit is higher than FXTM's USD 30 or Capital.com's EUR 20 but lower than IG or Saxo Bank thresholds. Inactivity fee of USD 10 per month applies after 6 months of dormancy — more aggressive than Tickmill's no-fee EU stance and Pepperstone's 12-month grace period.

The platform offering is the strongest part of the FxPro proposition and a clear differentiator against pricing-focused peers like Tickmill or FXTM. The broker supports four distinct platforms — MetaTrader 4, MetaTrader 5, cTrader, and the proprietary FxPro Platform — under a single client account. MetaTrader 4 remains the workhorse for the bulk of Expert Advisor traders, with the standard MQL4 environment, full hedging and scalping support, and the broader MT4 indicator ecosystem fully supported. MetaTrader 5 adds the 21-timeframe upgrade, multi-currency strategy testing, depth of market display for forex and indices, the built-in economic calendar, and the MQL5 algorithmic environment. cTrader is fully integrated, providing the Level II depth-of-book visualisation, advanced order types including iceberg and time-weighted average price, the cTrader Automate environment for C-sharp algorithmic development, and cTrader Copy for in-platform social trading — a genuinely useful feature for clients who want algorithmic copy execution without bolting on a third-party signals service. The FxPro Platform (formerly FxPro Edge) is the proprietary web-and-mobile offering, designed for clean execution and account management without the depth of MetaTrader, and serves as the default entry point for clients onboarding through the mobile channel. Across all four platforms, supported order types include market, limit, stop, stop-limit, trailing stop, and one-cancels-other, with cTrader adding the advanced order types noted above. Expert Advisor execution is supported on MT4 and MT5 without restriction, with all major scalping and hedging strategies permitted. FxPro offers free VPS hosting through a partnership with NYC Servers for clients depositing at least USD 5,000 and executing at least 5 standard lots per month, with Equinix-hosted infrastructure ensuring minimal latency to the broker's execution servers. FIX API access is available for qualifying institutional and professional clients but not for general retail. The platform breadth genuinely matches Pepperstone's four-platform stance and exceeds the MT4/MT5-only offering at Tickmill, FXTM, and most spread-focused peers — and the inclusion of cTrader specifically is a meaningful draw for professional traders who consider cTrader the better execution environment but find it absent at the cheaper-pricing alternatives.

For EU clients, FxPro Financial Services Ltd's CySEC regulation places the broker squarely inside the ESMA framework. Retail-client leverage is capped at 30:1 on major forex pairs, 20:1 on non-major pairs and major indices, 10:1 on commodities other than gold, 5:1 on individual share CFDs, and 2:1 on cryptocurrency CFDs (not currently offered to EU retail clients in any case). Negative balance protection is mandatory and guaranteed at the account level, meaning EU retail clients cannot lose more than their deposited capital. Client funds are held in segregated accounts at tier-1 European banks (including Barclays for the EU entity), kept separate from FxPro's operational capital and ring-fenced against corporate insolvency. ICF compensation coverage provides up to EUR 20,000 per eligible client if the broker fails. Best-execution reporting under MiFID II is published annually with execution venue and quality statistics, and FxPro is one of the more proactive disclosers in this space — monthly execution data covering slippage and fill rates is available on the broker's site, which is unusual transparency relative to most CySEC peers. Personal data is handled in compliance with GDPR. Clients categorised as professional under the ESMA framework can opt up to leverage of 500:1 and waive certain retail protections, though FxPro's professional-client onboarding process is one of the more thorough in the segment with active verification of the three professional criteria rather than self-attestation.

FxPro's EU entity offers two account types. The Standard account requires a USD 100 minimum deposit, offers spreads from 1.2 pips on EUR/USD with no commission, and is the entry tier. The cTrader account prices EUR/USD from 0.4 pips plus USD 0.35 per USD 10,000 traded per side, and suits traders who want cTrader's execution tools. The USD 100 minimum is a meaningful step up from FXTM's USD 30 and is the principal entry-level friction relative to more accessible CySEC peers.

Withdrawals are free on the EU entity across all supported methods including bank transfer, credit and debit cards (Visa/Mastercard), Skrill, Neteller, and PayPal — the latter being unusual among CySEC ECN brokers and a useful option for clients who already use PayPal for other transactions. Card withdrawals process within 24 hours on business days; Skrill, Neteller, and PayPal withdrawals are typically processed same-day. Bank-wire withdrawals settle within 1 to 3 business days depending on the correspondent banking chain. There is no minimum withdrawal threshold beyond the underlying payment processor's floor. Crypto withdrawal rails are not offered on the EU entity; the offshore SCB entity supports a wider funding menu but EU clients route exclusively through CySEC. The 6-month inactivity fee window is more aggressive than Tickmill's no-fee EU stance and warrants attention for clients who may take extended breaks from trading.

FxPro is a strong fit for active traders who value the four-platform stance and specifically want cTrader alongside MetaTrader, and who are willing to pay more than the regulated EU segment average for it. The cTrader integration is the broker's clearest structural advantage — Tickmill, FXTM, and most of the pricing-focused peers do not offer cTrader, and traders attached to the platform's Level II pricing, C-sharp algorithmic environment, and cTrader Copy social-trading framework will find FxPro one of the few CySEC-regulated routes to access it. The 6,500-trades-per-second claim is backed by the published monthly execution statistics, and FxPro's no-dealing-desk model with deep liquidity from multiple tier-1 banks delivers genuinely fast fills. Where FxPro is less compelling is on pure pricing for volume traders — at about USD 8 round-turn in commission on cTrader the broker sits above the regulated EU pack, and clients prioritising execution cost above platform variety will save at Tickmill (USD 6 round-turn) on equivalent execution profiles. The USD 100 minimum deposit is higher than the entry-level CySEC alternatives, and the 6-month inactivity fee is more aggressive than peers. The educational offering, while improved with the FxPro Academy relaunch, remains less structured than FXTM's Trading Academy or IG Academy and more comparable to the competent-but-thin curricula at Tickmill or Pepperstone. Compared to Pepperstone, FxPro matches on platform breadth and EU regulation but loses on the breadth of Pepperstone's group licensing (BaFin in Germany, plus FCA and ASIC, alongside the shared CySEC EU regulation) and on entry-level minimum deposit; pricing is broadly equivalent. Against IC Markets, FxPro matches on platform breadth and pricing but loses on the offshore-only execution model that IC Markets EU clients route through. Against Tickmill, FxPro wins decisively on platform variety (four platforms vs three) but loses on pricing (about USD 8 vs USD 6 round-turn in commission). The 8.5 overall score reflects a well-rounded mid-to-upper tier broker with elite platform breadth and a long-established CySEC presence, held back from the very top tier by above-average cTrader commission and a higher entry-level minimum than the accessible-CySEC pack.