FxPro review: What you need to know before signing up.

FxPro is a broker offering over 2100 trading instruments. These are CFDs on many underlying assets: shares, indices, metals, energies, futures, cryptocurrencies, and currencies (Forex). CFDs (contracts for difference) allow trading on underlying assets, whether prices rise or fall, with leverage.
FxPro lets you trade 70 major, minor, and exotic currency pairs on Forex, CFDs on shares of over 275 global companies, and around thirty popular cryptocurrencies.

Below is a list of the financial instruments offered by FxPro:

• Shares:
  2000 shares
• Crypto:
  30 cryptocurrencies
• Forex:
  70 pairs
• CFD:
  2100 CFDs
• ETF:
  22 ETFs

FxPro provides its clients with competitive spreads, which vary depending on the instrument and the platform, along with very fast order execution (under 13 milliseconds) through a No Dealing Desk model. Clients using the cTrader account, which covers Forex, metals, indices, energies, cryptocurrencies, enjoy narrower spreads plus a fee of 35 US dollars for every million traded. Spreads float on indices, energies, and cryptos, and swap fees are charged if you hold a position overnight. MT4 or MT5 users pay no commissions, though a small markup is added to the spread.

Below is an overview of the spreads for key instruments offered by FxPro:

• Spread EUR/USD:
  1.3 pip
• Spread EUR/GBP:
  1.3 pip
• Spread GBP/USD:
  1.5 pip
• Spread USD/CHF:
  1.7 pip

• Spread CAC40:
  1.7 pip
• Spread STOXX50:
  2 pip
• Spread FTSE100:
  2 pip
• Spread SP500:
  0.9 pip

These fees consist of the spread—competitive but variable at FxPro—and the swap if you hold positions overnight. For shares, the swap value is calculated as an annual percentage, divided by the number of days you hold the position. For indices, for example, on a short position of two lots (2.0) in the FTSE100, with a short swap rate of -0.4498 points and one overnight hold, the swap fees amount to -0.90 pounds sterling.

• Commission per share:
  0.9%
• Fee per share:
  £0
• Direct share purchase:
  No
• CFDs on shares:
  Yes

• Number of ETFs:
  22
• Minimum ETF spread:
  0.6
• CFDs on ETFs:
  Yes
• Direct ETF purchase:
  No

On MT4 and MT5, which let you trade forex, shares, metals, indices, energies, futures, and cryptocurrencies, order sizes start at 0.01 lots, and FxPro quotes a minimum spread of 1 pip.
For example, on the major pair EUR/USD using the cTrader platform, fees consist of a low spread—around 0.20 with an average of 0.29—plus £0.35 per £10k traded (converted from the original dollar reference). On MT4, the spread is floating at around 1.40 with an average of 1.47, and a fixed spread of 1.80 is also available. On MT5, it is about 1.20 with an average of 1.30 pips.
For cryptos, the spread can vary widely depending on the instrument and market conditions.

• Spread EUR/USD:
  1.3
• Spread EUR/GBP:
  1.3
• Spread EUR/CHF:
  1.5
• Spread USD/CAD:
  1.7

• Number of cryptos:
  26
• Minimum crypto spread:
  1
• CFDs on crypto:
  Yes
• Direct crypto purchase:
  No

FxPro provides several platforms for clients. There are two proprietary platforms (cTrader and the FxPro platform) as well as two MetaTrader-based platforms: MetaTrader 4 and MetaTrader 5.

The FxPro Platform has a customizable interface, multiple advanced trading widgets, over 50 technical indicators, and extensive charting tools, featuring 6 chart types and 15 different time frames.

The cTrader platform lets you trade all asset classes except shares, with a slightly different pricing model offering tighter spreads. It includes all the essential tools for trading—and more: over 55 technical indicators, 6 chart types, and 28 time frames, various order types including trailing stops, the ability to integrate trading bots, market sentiment analysis, news and an economic calendar, as well as detailed statistical analysis of your trades.

You can also choose MT4 or MT5, which are both popular and offer all the expected functionalities.

FxPro offers both its FxPro and cTrader platforms as mobile apps for iOS and Android. They allow you to manage your trades from your smartphone with ease and efficiency. They are user-friendly, secure, include ample indicators and time frames, and support multiple price alert notifications.
MT4 and MT5 also feature robust and useful mobile apps.

FxPro is a trusted broker, and its activity is regulated by several authorities: the ACF (the Financial Conduct Authority in the UK), the CySEC (Cyprus Securities and Exchange Commission), the FSCA (South African regulator), and the SCB (Securities Commission of the Bahamas).