FxPro Review for UK Traders
Reviewed by Phillip Ashdown
Last updated:
An independent, in-depth review of FxPro, an FCA regulated forex and CFD broker offering five trading platforms, three account tiers, and a unique Limited Risk Account on UK spread betting.
4.8/5 overall rating
FxPro is an FCA regulated forex and CFD broker offering five trading platforms, three account tiers, and access to over 2,100 instruments. Founded in 1999, the FxPro Group serves over 17 million client accounts globally.
Key Facts
- FCA regulated
- Yes (FRN 509956)
- Minimum deposit
- Account-dependent (verify on FxPro UK site)
- Platforms
- FxPro Platform, MT4, MT5, cTrader, TradingView, FxPro Edge
- Spread (EUR/USD)
- From 1.2 pips (Standard) / 0.0 pips + $7 round-trip (Raw+)
- Account types
- Standard, Raw+, Elite (CFD); FxPro Edge (spread betting)
Our Verdict
FxPro has been operating since 1999. Twenty-seven years in the retail CFD market is a meaningful track record, and the FxPro Group serves over 17 million client accounts across multiple regulated jurisdictions. The UK entity, FxPro UK Limited, is FCA regulated under firm reference number 509956, with the wider group holding additional licences in Cyprus (CySEC), South Africa (FSCA), the Bahamas (SCB), and other jurisdictions. UK clients trade under the FCA entity which carries the strongest regulatory protections among the group's licences.
The platform offering is FxPro's strongest argument. Five trading platforms (FxPro Platform, MetaTrader 4, MetaTrader 5, cTrader, and TradingView) plus a dedicated FxPro Edge platform for UK spread betting matches Pepperstone for the broadest platform support among FCA regulated UK brokers. Both MT4 and MT5 are available, which only IG and Pepperstone also offer. cTrader is supported, which only Pepperstone matches among UK competitors. For traders who want platform flexibility and the ability to switch tools without switching brokers, FxPro is one of two genuinely competitive options.
The account structure is unusual. Three tiers (Standard, Raw+, and Elite) split traders by volume and trading style. The Standard account uses spread-only pricing, but EUR/USD spreads from 1.2 pips are materially wider than equivalent accounts at IG (0.6 pips), CMC Markets (0.5 pips), Trade Nation (0.5 pips), and XTB (0.8 pips). The Raw+ account uses 0.0 pip raw spreads with a $3.5 per side commission ($7 round-trip per lot), which is competitive with Pepperstone's Razor account. For active traders willing to use Raw+, FxPro is cost-competitive. For traders defaulting to the Standard account, FxPro is one of the more expensive options on the UK market. See our best forex brokers guide for a wider comparison.
The Limited Risk Account on FxPro Edge is genuinely distinctive. UK spread betting clients can opt into accounts where they cannot lose more than their initial deposit, which is functionally equivalent to a built-in guaranteed stop-loss on every position. IG and CMC Markets charge a premium per trade for guaranteed stops. Plus500 widens the spread for guaranteed stop positions. FxPro provides this protection at no extra cost. For UK spread bettors prioritising loss protection, this is a feature no other UK broker matches.
The honest editorial flag is the retail loss rate disclosure. FxPro UK Limited's disclosure shows 85% of retail investor accounts lose money when trading CFDs with this provider. This is materially higher than every other UK broker covered on this site: IG 68%, CMC Markets 68%, XTB 72%, Pepperstone 73%, Trade Nation 73.1%, Plus500 76%. The figure does not necessarily mean FxPro is "worse" than competitors. It is an FCA-mandated disclosure that reflects the percentage of retail clients losing money over a defined reporting window. But the gap to peers is significant. The most reasonable interpretation is that FxPro's typical retail client takes more aggressive positions, uses higher leverage, or is less filtered by onboarding processes. For experienced traders who understand the risks, this may not change the calculation. For beginners, the disclosure is a reason to think carefully before opening an account where 85 of every 100 retail clients lose money.
You can find full platform details on the official FxPro website.
For more options, see our full list of the best FCA-regulated forex brokers in the UK.
FxPro Account Types
FxPro UK operates a three-tier retail account structure, with all accounts available on MetaTrader 4 and MetaTrader 5. The choice between accounts comes down to trading volume, cost preference, and tier eligibility.
The Standard account uses spread-only pricing with no separate commission. EUR/USD spreads start from 1.2 pips. Gold spreads from 25 cents. Bitcoin spreads from $30. All trading costs are built into the spread. This is the simpler structure for traders who don't want commission complexity, but the spreads are wider than competitor Standard accounts at IG, CMC Markets, Trade Nation, XTB, and Pepperstone.
The Raw+ account uses raw interbank spreads from 0.0 pips with a commission of $3.5 per side ($7 round-trip per standard lot on EUR/USD). This is the active trader account, structured similarly to Pepperstone's Razor account. For traders executing meaningful volume, the all-in cost on Raw+ is competitive with the lowest-cost UK retail forex brokers.
The Elite account adds VIP rebates from $1.50 per lot on top of the Raw+ pricing structure. Eligibility criteria for Elite are not publicly disclosed but typically these tiers require sustained trading volume or higher minimum deposits. Traders qualifying for Elite get the Raw+ cost structure plus volume rebates that improve effective per-lot pricing.
Beyond the three retail accounts, FxPro offers PAMM accounts for money managers, FxPro Prime for institutional clients, and a Membership Program loyalty scheme. UK retail clients trading under FxPro UK Limited (FCA regulated) are the primary scope of this review.
FxPro Fees Explained
The cost structure at FxPro depends entirely on which account you use, so understanding the trade-offs matters before opening.
On the Standard account, all costs are built into the spread. EUR/USD averages from 1.2 pips. Gold from 25 cents. Bitcoin from $30. There is no per-trade commission. This is the simplest cost model but also the highest spread of any major UK broker's standard offering. Standard account costs sit materially above IG (0.6 pips EUR/USD), CMC Markets (0.5 pips), Trade Nation (0.5 pips), and XTB (0.8 pips).
On the Raw+ account, EUR/USD raw spreads start from 0.0 pips with a $3.5 per side commission ($7 round-trip per standard lot). Gold raw spreads start from 10 cents plus the same commission. Bitcoin spreads on Raw+ start from $15 with commission included. The all-in cost for an EUR/USD trade at standard lot size on Raw+ is approximately 0.7 pips equivalent once commission is factored in. That places FxPro Raw+ in the same competitive band as Pepperstone Razor.
The Elite account inherits Raw+ cost structure but adds volume rebates from $1.50 per lot, improving net per-lot pricing for high-volume traders. Specific Elite qualification criteria should be verified directly with FxPro.
Overnight financing applies to positions held past daily rollover. The mechanism follows the standard interbank-rate-plus-broker-markup model, with charges or credits varying by instrument and direction.
Does FxPro Charge Commission?
Whether FxPro charges commission depends on the account type.
On the Standard account, no commission applies. All costs are built into the spread. This suits traders who prefer simple pricing and accept wider spreads in exchange for predictable per-trade costs without a commission line item.
On the Raw+ account, commission applies at $3.5 per side, equating to $7 round-trip per standard lot on EUR/USD. This is similar to Pepperstone Razor's £2.25 per side commission and produces a comparable all-in cost when combined with the raw spread.
On the Elite account, commission also applies at $3.5 per side but is partially offset by volume rebates from $1.50 per lot, improving the effective per-lot cost for qualifying traders.
On FxPro Edge (spread betting), no commission is charged. Spread betting uses spread-only pricing.
For most UK retail traders on the Standard account, the answer is no commission. For active traders on Raw+ or Elite, yes, commission applies but the structure is competitive with the active-trader accounts at other major UK brokers.
FxPro Limited Risk Accounts
This is FxPro's most distinctive UK feature, and worth understanding clearly before opening an account.
A Limited Risk Account guarantees that a trader cannot lose more than their initial deposit. It is functionally equivalent to a built-in guaranteed stop-loss on every position the trader opens, with no possibility of slippage, gap-down losses, or losses exceeding the deposited capital. The account effectively caps maximum loss at the funded amount.
This protection is provided at no additional cost. By contrast, IG charges a premium per trade for guaranteed stops on standard accounts. CMC Markets charges a premium for Guaranteed Stop-Loss Orders (GSLOs). Plus500 widens the spread for trades using their guaranteed stop feature. FxPro's Limited Risk Account makes equivalent protection part of the account structure rather than a per-trade add-on.
Two important constraints apply. First, the feature is exclusive to FxPro Edge, FxPro's dedicated spread betting platform. It is not available on the Standard, Raw+, or Elite CFD accounts. Second, FxPro Edge is only available to UK residents, in line with the UK-only nature of spread betting as a regulated product.
For UK spread bettors who prioritise downside protection, particularly those new to leveraged trading or trading volatile markets where gap risk is a genuine concern, the Limited Risk Account is a feature no other UK broker offers in this form. For more aggressive traders who actively manage stops and accept some gap risk in exchange for unrestricted upside, the standard FxPro Edge account is also available.
Worth understanding fully before opening an account if guaranteed loss protection is important to your trading approach.
FxPro Non-Trading Fees
FxPro does not charge fees for account opening, deposits, or withdrawals. Third-party fees may apply depending on the payment method used and the issuing bank's policies.
Deposits process through the FxPro Wallet system, which holds client funds separately from individual trading accounts. Funds are then transferred from the Wallet to the specific trading account before trading begins. This adds a small operational step but provides clearer fund separation between active trading capital and held balances.
Most deposit methods process in approximately 10 minutes. GBP UK bank transfers and SEPA EU transfers typically allocate same business day. Card deposits are usually instant. International bank wires can take 3 to 5 business days depending on the receiving bank.
Card-funded accounts are subject to the standard AML restriction that withdrawals via card cannot exceed the amount funded by that card in the previous 6 to 12 months. This is industry-standard practice and applies at most UK brokers.
FxPro's specific inactivity fee policy is not publicly documented at the time of writing on the pages reviewed for this analysis. UK traders considering FxPro should verify the current inactivity fee terms directly with FxPro before opening an account if they expect to trade infrequently.
Is FxPro Good for Forex Trading?
FxPro suits a specific profile of UK forex trader, but is not a default recommendation for newcomers.
For experienced traders who specifically want cTrader access, FxPro and Pepperstone are the two FCA regulated UK brokers that support it. cTrader provides Level II depth-of-market visibility, sophisticated algorithmic trading via cAlgo, and a more institutional-feel charting environment than MetaTrader. For traders who prioritise this platform, FxPro is genuinely competitive.
For multi-platform traders who use both MetaTrader 4 and MetaTrader 5, FxPro is one of three UK brokers offering both (IG and Pepperstone are the others). Algorithmic traders running Expert Advisors across both platforms benefit from FxPro's broad platform support and the LD4 London data centre infrastructure. FxPro publishes execution speeds under 8 milliseconds and over 1 billion orders executed all-time, which puts the broker in the same tier as established institutional-grade providers.
For UK spread bettors specifically interested in guaranteed loss protection, the Limited Risk Account on FxPro Edge is unique among UK brokers and worth genuine consideration.
For beginners, FxPro is a difficult recommendation. The Standard account spreads are uncompetitive versus simpler beginner-friendly brokers. The five-platform ecosystem is overwhelming for first-time traders who haven't decided which platform suits them. Most importantly, the 85% retail loss rate disclosure suggests FxPro's typical client trades aggressively, which may indicate the broker's onboarding does less to filter inappropriate clients than competitors with lower disclosure rates. Beginners are typically better served at brokers with lower retail loss rates and more structured educational content.
For cost-focused traders defaulting to the Standard account, the spreads are wider than IG, CMC Markets, Trade Nation, and XTB equivalents. Choosing FxPro Standard purely for cost would be the wrong choice. FxPro becomes cost-competitive only on Raw+, and only at meaningful trading volume.
Pros & Cons
✓ Pros
- ✓ FCA regulated with FSCS protection up to £85,000 per eligible claimant
- ✓ Established 27-year track record (founded 1999)
- ✓ 5-platform ecosystem (FxPro Platform, MT4, MT5, cTrader, TradingView)
- ✓ Both MT4 AND MT5 available (only matched by IG and Pepperstone)
- ✓ cTrader available (only Pepperstone matches among UK brokers)
- ✓ Limited Risk Accounts on FxPro Edge — free guaranteed stop equivalent (UK spread betting)
- ✓ Raw+ account competitive with Pepperstone Razor on cost
- ✓ Sub-8 millisecond execution speed published
- ✓ LD4 London data centre infrastructure
- ✓ Spread betting and CFDs both available
⚠ Cons
- ⚠ 85% retail loss rate disclosure is materially higher than UK competitors
- ⚠ Standard account EUR/USD spreads (1.2 pips) uncompetitive vs IG, CMC, Trade Nation, XTB
- ⚠ Minimum deposit not transparently disclosed across account tiers
- ⚠ Inactivity fee policy not publicly documented
- ⚠ 5-platform breadth may overwhelm new traders
- ⚠ FxPro proprietary platform lacks trailing stop functionality
Spreads and Fees
FxPro's pricing is split sharply by account type. The Standard account is uncompetitive on spreads. The Raw+ account is genuinely competitive with the lowest-cost UK retail forex brokers. Traders considering FxPro should choose the account that matches their volume rather than defaulting to Standard.
The cost structure at FxPro depends entirely on which account you use, so understanding the trade-offs matters before opening.
On the Standard account, all costs are built into the spread. EUR/USD averages from 1.2 pips. Gold from 25 cents. Bitcoin from $30. There is no per-trade commission. This is the simplest cost model but also the highest spread of any major UK broker's standard offering. Standard account costs sit materially above IG (0.6 pips EUR/USD), CMC Markets (0.5 pips), Trade Nation (0.5 pips), and XTB (0.8 pips).
On the Raw+ account, EUR/USD raw spreads start from 0.0 pips with a $3.5 per side commission ($7 round-trip per standard lot). Gold raw spreads start from 10 cents plus the same commission. Bitcoin spreads on Raw+ start from $15 with commission included. The all-in cost for an EUR/USD trade at standard lot size on Raw+ is approximately 0.7 pips equivalent once commission is factored in. That places FxPro Raw+ in the same competitive band as Pepperstone Razor.
The Elite account inherits Raw+ cost structure but adds volume rebates from $1.50 per lot, improving net per-lot pricing for high-volume traders. Specific Elite qualification criteria should be verified directly with FxPro.
Spread betting via FxPro Edge uses tighter all-in spreads marketed by FxPro as their lowest cost product, but specific spread figures by instrument are not always publicly listed in detail. Traders considering FxPro Edge should verify spreads in-platform before opening positions.
Overnight financing applies to positions held past daily rollover. The mechanism follows the standard interbank-rate-plus-broker-markup model, with charges or credits varying by instrument and direction.
| Fee Type | Details |
|---|---|
| EUR/USD Spread (Standard) | From 1.2 pips |
| EUR/USD Spread (Raw+) | From 0.0 pips |
| Commission (Raw+) | $3.5/side ($7 round-trip per lot) |
| Gold Spread (Standard) | From 25 cents |
| Bitcoin Spread (Standard) | From $30 |
| Withdrawal Fee | Free |
| Deposit Fee | Free (third-party fees may apply) |
| Inactivity Fee | Verify in account terms |
Fee Comparison
| Fee | FxPro | Pepperstone | IG |
|---|---|---|---|
| EUR/USD (spread-only) | 1.2 pips | 1.0 pips (Standard) | 0.6 pips |
| EUR/USD (raw + commission) | 0.0 + $7 | 0.0 + $7 | N/A |
| Both MT4 and MT5 | Yes | Yes | Yes |
| cTrader available | Yes | Yes | No |
| Spread betting available | Yes | Yes | Yes |
| Retail loss rate disclosed | 85% | 73% | 68% |
Trading Platforms
FxPro's platform breadth is the strongest argument for the broker. Tied with Pepperstone for the most comprehensive platform offering among FCA regulated UK brokers, FxPro supports five platforms plus a dedicated spread betting environment.
For traders who want a single platform recommendation, FxPro is not the right starting point — the breadth assumes you already know which platform suits your trading. For experienced traders who use multiple platforms or want the option to switch between them, FxPro is one of two UK brokers (Pepperstone is the other) offering this level of choice.
- FxPro Platform (proprietary, web): 50+ technical indicators, 6 chart types, 15 timeframes, sub-8ms execution, 1-click trading, detachable chart windows. Notable feature gap: no trailing stop functionality on the proprietary platform.
- MetaTrader 4 (MT4): Industry-standard. 30 indicators, 9 timeframes, 4 pending order types, MQL4 coding. Full Expert Advisor support and access to the MetaTrader strategy marketplace.
- MetaTrader 5 (MT5): Newer Metaquotes platform. 35+ indicators, 21 timeframes, 6 pending order types, MQL5 coding. More markets and order types than MT4.
- cTrader: 55+ indicators, 26+ chart timeframes including tick, range, and renko charts. 6 pending order types. C# coding via cAlgo. Level II depth-of-market visibility.
- TradingView: 400+ indicators plus custom indicators, 82 chart timeframes, full Supercharts access, Pine Script coding. Advanced alerts including SMS, email, and webhook notifications.
- FxPro Edge (spread betting only, UK residents): Widget-based customisable interface, integrated TradingView charts, supports Limited Risk Account functionality.
Is FxPro Safe?
FxPro UK Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 509956. For UK retail clients this means client funds must be held in segregated accounts separate from FxPro's operational capital, negative balance protection applies as standard, and the broker must meet ongoing capital adequacy requirements set by the FCA. Eligible clients may also be protected by the Financial Services Compensation Scheme up to £85,000 if the firm fails.
The retail loss rate disclosure is the editorial flag worth taking seriously. FxPro UK Limited discloses that 85% of retail investor accounts lose money when trading CFDs with this provider. This is materially higher than every other UK broker covered on this site: IG 68%, CMC Markets 68%, XTB 72%, Pepperstone 73%, Trade Nation 73.1%, Plus500 76%.
The disclosure is FCA-mandated and reflects the percentage of retail accounts losing money over the relevant reporting window. It does not necessarily mean FxPro is "worse" than competitors at executing trades or protecting client funds. The regulatory protections are equivalent to other FCA regulated brokers. But the gap to peers is significant. The most reasonable interpretation is that FxPro's typical retail client trades more aggressively, uses higher leverage, or is less filtered by onboarding processes than competitors with lower disclosure rates. For traders considering FxPro, this is information to weigh genuinely. Beginners and inexperienced traders should think carefully before opening an account where 85 of every 100 retail clients lose money.
FxPro UK Limited is part of the wider FxPro Group, which holds licences in five jurisdictions including FCA UK, CySEC Cyprus, FSCA South Africa, and SCB Bahamas. UK clients trade specifically under the FCA entity which carries the strongest protections among the group's licences.
FxPro is authorised and regulated by the Financial Conduct Authority (firm reference number 509956), which you can verify on the FCA register.
Learn more about FCA regulation and how it protects UK traders.
Who Is This Broker For?
Best For
- Experienced traders specifically wanting cTrader access alongside MT4 and MT5
- Active traders qualifying for the Raw+ account where pricing is genuinely competitive
- UK spread bettors valuing free guaranteed loss protection (Limited Risk Account on FxPro Edge)
- Algorithmic traders running Expert Advisors across multiple platforms
Good For
- High-frequency traders benefiting from sub-8 millisecond execution
- Traders migrating from Pepperstone wanting platform parity
- Multi-platform traders who use both MetaTrader 4 and MetaTrader 5
- Experienced spread bettors wanting capped maximum loss at deposit level
Not For
- Complete beginners (the 85% retail loss rate disclosure alone is reason for caution)
- Cost-focused Standard-account traders (lower spreads at IG, CMC, Trade Nation, XTB)
- Traders wanting a simple single-platform experience
- Traders prioritising educational depth (limited compared to IG and CMC)
- Traders who need transparently disclosed minimum deposits and fees before opening
Minimum Deposit
FxPro's minimum deposit varies by account type and is not transparently disclosed across all tiers at the time of writing. UK traders should verify the current minimum for their chosen account directly on FxPro's UK website before opening an account. For accessibility comparison, [XTB](/reviews/xtb) and [IG](/reviews/ig) have £0 minimums and [Pepperstone](/reviews/pepperstone) has £10. Use our [position size calculator](/tools/position-size-calculator) to size trades correctly to your account balance.
Considering FxPro?
FxPro suits experienced UK traders specifically wanting platform breadth — particularly cTrader access alongside MT4 and MT5 — combined with active-trader pricing on the Raw+ account. The Limited Risk Account on FxPro Edge is a unique UK feature for spread bettors. Beginners and cost-focused Standard-account traders should consider lower-loss-rate alternatives before opening an account.
Your capital is at risk.
Final Verdict
FxPro is a credible option for experienced UK traders who specifically want cTrader access alongside MT4, MT5, TradingView, and a proprietary platform. The Raw+ account is competitive with Pepperstone Razor, the Limited Risk Account on FxPro Edge is genuinely unique among UK brokers, and the 27-year track record is real. However, the 85% retail loss rate disclosure is materially higher than UK competitors, the Standard account spreads are uncompetitive, and minimum deposit and inactivity fee details are not transparently disclosed at the level expected of an FCA regulated broker. For active multi-platform traders this is a strong choice. For beginners or cost-focused traders, lower-loss-rate alternatives at IG, CMC Markets, XTB, or Trade Nation are better fits.