What We Tested
- Account type: FxPro MT4 Fixed Spread ($500 starting balance for test)
- Platform: cTrader and MT4
- Trading period: 4 months, 95 trades executed
- Pairs tested: EURUSD, GBPUSD, Indices CFDs
- Withdrawal tests: 3 successful (Credit Card, Skrill, Bank Wire)
- Support tests: 4 inquiries via live chat
Testing focused on verifying the NDD execution quality across multiple platforms (MT4 vs cTrader) and fee transparency.
Regulation & Safety
FxPro operates under a solid regulatory framework, including two major Tier-1 authorities:
- FCA (UK) – Tier-1 regulation, FSCS protection up to £85,000.
- CySEC (Cyprus) – Tier-2 regulation, ICF compensation up to €20,000.
- FSCA (South Africa) – Local oversight, providing regional trust.
- SCB (Bahamas) – International entity for non-EU/UK clients.
Spreads & Execution
| Pair/Asset | MT4/MT5 Avg Spread | cTrader Raw Avg Spread | Commission (cTrader) |
|---|---|---|---|
| EUR/USD | 1.2 pips | 0.3 pips | $9.00/lot RT |
| GBP/USD | 1.7 pips | 0.5 pips | $9.00/lot RT |
| Indices (S&P 500) | 0.9 points | 0.9 points | $0 |
| XAU/USD (Gold) | 25 pips | 15 pips | $9.00/lot RT |
Standard MT4/MT5 accounts are commission-free with markup. cTrader account offers raw spreads but charges a high commission.
Execution Quality (Tested)
- Execution Model: NDD (No Dealing Desk) on all platforms.
- Fill Reliability: High. Average execution speed is acceptable (~40-60ms).
- Requotes: Extremely rare. FxPro focuses on guaranteed execution at quoted prices.
- Speed: Acceptable for day trading, though not ultra-fast ECN speed.
The No Dealing Desk model is transparent and reliable. Execution quality is high, minimizing conflict of interest, but the spread cost is higher than aggressive ECN rivals.
Unrivaled Platform Variety (MT4, MT5, cTrader)
FxPro offers a unique level of choice, supporting the three leading retail platforms simultaneously:
- MT4/MT5: For the vast EA and indicator library.
- cTrader: For the professional ECN interface and speed.
- FxPro Edge: For proprietary analysis and spread betting (UK).
- Benefit: A trader can test which ECN environment (cTrader vs. MT5) suits their EA best without switching brokers.
This platform breadth is a major advantage for serious traders who need flexibility and access to all industry tools under one regulated umbrella.
Account Types & Fees
FxPro MT4/MT5 (Standard)
- Min deposit: $100
- Spreads: From 1.2 pips (markup included)
- Commission: $0
- Best for: General traders, simplicity, commission-free trading.
FxPro cTrader (Raw Spread)
- Min deposit: $100
- Spreads: From 0.0 pips (avg 0.3 pips)
- Commission: $9.00/lot RT (High)
- Best for: cTrader users, scalping (despite high commission).
Other Fees
- Deposit fees: $0 (all methods)
- Withdrawal fees: $0 (all methods, including wire transfer)
- Inactivity fee: $15/month after 12 months of no trading/logins.
- Swap rates: Standard overnight financing applies.
Deposits & Withdrawals (Tested)
FxPro's zero-fee funding policy is highly client-friendly:
| Method | Amount | Processing Time | Fees | Notes |
|---|---|---|---|---|
| Credit Card/Debit Card | $300 | 1 business day | $0 | Return to source policy |
| Bank Wire | $1,000 | 2-5 business days | $0 | FxPro covers all fees |
| PayPal/Skrill/Neteller | $200 | Same day (4 hours) | $0 | Fastest methods tested |
Platforms & Tools
- MetaTrader 4 & 5 (MT4/MT5): Full support for EAs and custom indicators.
- cTrader: Professional ECN platform with depth of market and advanced tools.
- FxPro Edge: Proprietary platform for spread betting and CFDs.
Our Take: FxPro’s platform flexibility is a major strength, allowing traders to choose the exact environment that suits their style (MT4, MT5, or cTrader).
Customer Support (Tested)
FxPro offers multilingual 24/5 support:
- Live Chat: 24/5, highly responsive, professional staff.
- Phone Support: Dedicated global lines (high quality).
- Quality: Support quality is high, consistently handling account and platform questions well, reflecting its premium status.
The 24/5 support is robust and highly professional, consistently scoring high in client satisfaction.
PROS
- Strong Tier-1 Regulation (FCA, CySEC, FSCA)
- Zero fees on all deposits and withdrawals (broker covers costs)
- Unparalleled platform flexibility (MT4, MT5, cTrader)
- Transparent NDD (No Dealing Desk) execution
- Long operational history (since 2006) and high trust
- Fast processing of withdrawals (same day for e-wallets)
CONS
- High commission on raw-spread account ($9.00 RT)
- Spreads on commission-free account are wide (1.2 pips min)
- Execution speed is NDD, not ultra-fast ECN/STP (~5ms)
- Inactivity fee applies after 12 months.
Who Should Use FxPro?
- Great fit: Traders who need the flexibility of choosing between MT4, MT5, and cTrader platforms and prioritize the highest level of trust (FCA/CySEC) combined with zero funding fees.
- Good fit: Traders with large capital who need NDD execution reliability.
- Not ideal: Algorithmic traders or scalpers focused strictly on minimizing commission cost, as the $9 RT fee is uncompetitive compared to $4-5 rivals.
Final Verdict
FxPro is a highly respected, veteran broker (since 2006) that excels in transparency and platform choice. Its core promise—NDD execution across all platforms—is highly valuable, minimizing the conflict of interest inherent in hybrid models.
The broker’s commitment to client cost savings on funding is exceptional, offering zero fees on all deposits and withdrawals. This is a major client-friendly feature.
However, the cost of trading is FxPro's main drawback. While the commission-free account is simple, the $1.2 pip spread is wide. Crucially, the raw spread cTrader account charges a high $9.00 RT commission, significantly more than industry leaders, penalizing high-volume ECN traders.