FxPro

Regulatory Overview: Founded in 2006, FxPro is a multi‑regulated broker with group entities authorised by several financial authorities, including:

• Financial Conduct Authority (FCA) – FxPro UK Limited (FRN 509956) – United Kingdom
• Cyprus Securities and Exchange Commission (CySEC) – FxPro Financial Services Ltd (Licence 078/07) – Cyprus
• Financial Sector Conduct Authority (FSCA) – FxPro Financial Services Ltd (FSP 45052) – South Africa
• Securities Commission of The Bahamas (SCB) – FxPro Global Markets Ltd (Licence SIA‑F184) – Bahamas

Regulation for Philippine Residents: When signing up from the Philippines, clients are currently onboarded under FxPro Markets Ltd, a company incorporated in Saint Lucia. This is confirmed in the client agreement, which states: “FxPro is the brand and trading name of FxPro Markets Ltd which is a private limited company incorporated in Saint Lucia.” The same agreement specifies that governing law and jurisdiction are Antigua & Barbuda, not Saint Lucia, and it does not reference supervision by any recognised financial regulator.

• Segregation of Funds: The agreements describe standard practices (segregated client money, supporting policies and disclosures). 
• Negative Balance Protection: The terms include references to a negative balance policy and conditions under which it can be withdrawn for abuse.
• No Local/Top‑Tier Oversight: The Saint Lucia entity’s agreement contains no statement of authorisation by a financial regulator and places disputes under the courts of Antigua & Barbuda, meaning there is no investor‑compensation scheme or home‑country ombudsman for Filipino clients.

Important note on leverage: In parallel with this onboarding route, FxPro advertises exceptionally high leverage for this entity (including “unlimited” on certain instruments). While this is attractive to some traders, it significantly increases risk and would not be permissible under most top‑tier regulators.

We found that FxPro excels in its account opening process. It is straightforward and hassle-free, and accounts are generally ready for trading within two hours.

As a trader from the Philippines, you can open an FxPro account but will be assessed to ensure you have sufficient trading knowledge and/or experience to understand the risks associated with trading leveraged products. Although this may seem like a hassle, it is a responsible move on the part of the broker to ensure customer protection.

The account-opening process is as follows:

1. FxPro’s intake form requires clients to fill in their email address, name, telephone number, country of residence, and date of birth. A confirmation pin will be sent to the listed email address.
2. FxPro then requires prospective traders to answer questions regarding their financial knowledge and level of trading experience. 
3. Traders will then select a trading platform (MT4, MT5, FxPro Edge, or cTrader), default leverage, base currency, and their preferred language of communication.
4. In order to verify their identity, individuals are required to submit a copy of their National ID or Passport with the signature page, and a copy of a recent utility bill or bank statement displaying the customer’s name and address that is not older than three months.
5. Following the “Account Opening Application Form,” FxPro will use the information to conduct further inquiries about prospective traders to determine their suitability. FxPro reserves the right to conduct an assessment at any stage of the relationship with its clients.

Compared to other similar brokers, FxPro’s account opening process is fast and generally hassle-free and accounts are generally available for trading within two hours.

FxPro excels in its account opening process.  It is straightforward and hassle-free, and accounts are generally ready for trading within two hours. All new clients will be assessed to ensure you have sufficient trading knowledge and/or experience to understand the risks associated with trading leveraged products.

Philippine residents are onboarded through FxPro Markets Ltd, incorporated in Saint Lucia. Under this entity, traders can choose from four live CFD account types. All accounts support hedging, expert advisors (EAs), and ultra-high leverage. The typical minimum deposit is 100 USD (or equivalent), though higher tiers may require more substantial balances to access discounted pricing.

Commissions, Spreads & Other Fees

• Standard (MT4/MT5): No commission; costs included in the spread (spreads wider than Raw+/cTrader).
• Raw+ (MT4/MT5): Raw interbank‑style spreads plus a per‑lot commission (round‑turn). Total cost is typically lower than Standard for active traders.
• Elite (MT4/MT5): Same raw pricing model with discounted commission for clients who meet balance and/or monthly volume criteria (contact support for thresholds).
• cTrader: Raw spreads plus a low per‑lot commission (round‑turn). Often the tightest all‑in cost for scalpers.
• Overnight funding (swaps): Applies on cash/spot positions; rates vary by instrument and may be replaced by an administration fee on swap‑free accounts.
• Deposits/withdrawals: FxPro does not typically charge deposit fees; withdrawal charges depend on the method/provider.

Islamic (Swap‑Free) & Demo Accounts

• Swap‑Free: Available on request for all account types. Instead of swaps, a fixed admin fee may apply after a grace period on positions held overnight.
• Demo: Free MT4, MT5 and cTrader demo accounts are available for strategy testing before funding.

Which account should I choose? Newer traders generally prefer the simplicity of the Standard account. Cost‑conscious and high‑frequency traders typically opt for Raw+ or cTrader for tighter spreads, while Elite suits those who meet higher balance/volume criteria and want the lowest commission schedule.

Available on both Android and iOS, FxPro’s mobile platform support is excellent compared to other similar brokers.

FxPro Mobile Trading

User-friendly: We found that the app was very easy to set up and use. It uses a biometric login, which is convenient, and we could easily search for and monitor our assets and trades, and create watchlists. The app comes with an interactive economic calendar, and we could also transfer, deposit, and withdraw funds. 

Drawbacks: Disappointingly, unlike the web trader version of the platform, there are no technical indicators or graphical objects, a reduced number of timeframes, and only four chart types as opposed to six. Additionally, the FxPro mobile trading app does not support automated trading, but FxPro offers MetaTrader 4, MetaTrader 5, and cTrader for these purposes. 

MetaTrader Mobile Trading

The MetaTrader 4 and MetaTrader 5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move. 

cTrader Mobile Trading

The cTrader mobile app carries over most of the best parts from the desktop version, including the complete range of order types, price alerts, trade analysis, and symbol watchlists. Chart types have been reduced to 4 however.

With support for MT4, MT5, cTrader, and the FX Pro Edge, FxPro has more desktop trading platforms than most other brokers.  

FxPro Edge

We think that the FxPro Platform is a great option for those who wish to conveniently manage their funds and trade the full range of CFD asset classes directly from the FxPro App, without having to install any other applications.  It offers 50+ technical indicators and charting tools, detachable chart windows, useful trading widgets, a customisable layout, and  6 chart types with 15 timeframes.  We found that the FxPro platform is also generally easier to use and set up than the Metatrader platforms, but unlike the other platforms, it does not integrate with Trading Central, lacks algorithmic trading and doesn’t have the execution speeds of MT4/5.  Additionally, unlike cTrader, the FxPro trading platform does not offer access to full market depth.

MT4, MT5, and cTrader

MT4, MT5, and cTrader are considered some of the best trading platforms in the industry. While MT5 is a newer and upgraded version of the MT4 platform, the MT4 platform remains the industry standard.  For beginners, MT4 and MT5 can be tricky to set up, but there are numerous guides in both text and video format to guide you through this process. cTrader is more beginner-friendly and needs fewer tweaks to optimise it for Forex trading, but there is less guidance freely available on the internet.  

Trading Tools

FxPro’s suite of trading tools includes access to Trading Central, a VPS service at an extra cost, an Economic Calendar, and various calculators.  

Trading Central

Trading Central is provided free of charge to all FxPro clients.  A third-party tool, Trading Central’s professional analysts use the most advanced technical analysis tools in the industry to gather all of the comprehensive and in-depth information. Their decisions are based on building price corridors and resistance levels, digital and graphical indicators for various classes, as well as recognizing candlestick patterns. This tool essentially supports traders without the technical know-how in making trading decisions. This dynamic product suite is available to traders through the MT4/MT5 platforms.  Trading Central is considered one of the best trading tools in the industry, and FxPro does well to offer this tool to its clients.

VPS

The FxPro Virtual Private Server (Forex VPS) enables you to upload and run your MT4 Expert Advisors and cAlgo Robots 24 hours a day, without needing to keep your trading terminal running.  Available at 30 USD per month, FxPro’s VPS services are provided by a third-party, Beeks FX VPS.  VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges.

Economic Calendar

FxPro provides a good economic calendar, which helps traders plan their trading based on economic reports due to be released, previous economic events, consensus forecasts, and estimated volatility.

Trading Calculators

FxPro offers various calculators which help traders to calculate commissions, the margin required, and the total costs of their trades.  

Trading Tools Comparison

Broker

Economic Calendar

Autochartist

Trading Central

Trading View

Free VPS

VPS services are usually offered free with a minimum trade volume, otherwise a monthly subscription fee will apply. VPS services are usually hosted by third-party companies.

FxPro

Yes

No

Yes

No

Yes

IG

Yes

Yes

No

Yes

Yes

FP Markets

Yes

Yes

No

Yes

Yes

A well-regulated broker, FxPro ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all non-profit withdrawals are returned to the deposit source.

Accepted Deposit Currencies: When we opened our account, we noticed that the FxPro client portal allows traders to choose between eight base currencies, including USD, EUR, GBP, CHF, PLN, AUD, JPY, and ZAR. Filipino traders will, therefore, have to pay currency conversion fees on both deposits and withdrawals.

Funding Methods: We were pleased to find that FxPro offers a good range of payment methods and it does not charge fees for deposits or withdrawals.

FxPro offers a publicly available education library, including Forex education, technical analysis, fundamental analysis, and trading psychology. While there is little structure or depth to the material, the information is accurate. 

Educational resources include a series of articles covering the basics of forex trading, which is limited, but helpful for beginners. It also offers a few resources for advanced traders, such as Fundamental Analysis 2.0. Its videos cover topics such as Trade Habits, Currency Pairs, and Market Players.

FxPro online webinars take place several times a week and can be attended live by registering an account. Webinars will also be uploaded to its YouTube channel to be watched at a later time. The webinar subjects vary from trading strategies to technical and fundamental analyses.

FxPro offers a limited selection of market analysis materials compared to other similar brokers.

FxPro offers a variety of news resources, including a market overview curated by its in-house team of analysts. Materials are updated daily, and the news blog supports readers with commentary, analysis, and daily stories related to future market movements and trading opportunities. However, other large international brokers offer regular commentary in video format, which is not available at FxPro.

FxPro also provides extensive technical analysis available in written format. The technical analysis section is updated multiple times per day, and these are short articles. Additionally, FxPro offers an economic calendar and a bank calendar so that traders can plan their trades.

Global support is available 24/7, from a multilingual team at FxPro offices worldwide. This is exceptional for an industry where the norm is 24/5. Support teams at FxPro are available to help with technical and account-related questions but, as with all regulated brokers, cannot offer investment advice. 

We found the live chat support responsive, polite, and quick to provide relevant answers.