With over 18 years in the market, FxPro provides each client with over 2,000 trading tools, non-educational videos and other resources, copy trading, analytical tools and demo accounts to help hone their trading skills before opening a live account. Support is available 24 hours a day, weekdays, in more than 20 languages.

Is FxPro available in South Africa?

Yes, South African traders can trade on all FxPro platforms. You can start with a demo or live account on different platforms depending on your wishes and experience.

How to open a real trading account?

First, click the Register button on the broker home page and follow the necessary steps to complete registration. Registration is also possible through the FxPro app for iOS and Android. Once registered, you can deposit funds into your account and begin trading on any of the available platforms.

Is FxPro Legit? Full Review, Regulation, and User Feedback

Is FxPro Legit? Full Review

FxPro is a well-known brokerage firm providing online trading services. Founded in 1999, it is regulated by multiple financial authorities. The broker offers access to various markets, including forex, stocks, commodities, and cryptocurrencies.

Key Information About FxPro

Below is a table with essential data about FxPro:

Available Platforms: MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge
Minimum Deposit: $100
Account Types: Standard, Raw+, cTrader
Fees: Spread or fixed commission
Withdrawal Methods: Bank transfer, e-wallets, cards

FxPro Licenses and Regulation

FxPro is regulated by multiple financial authorities:

FCA (UK) – strict oversight of financial firms.
CySEC (Cyprus) – European regulation under MiFID II.
FSCA (South Africa) – oversight for brokerage operations in Africa.
SCB (Bahamas) – international financial supervision.

This multi-tiered regulatory framework ensures high client protection.

Client Fund Security and Reliability

FxPro keeps client funds in segregated accounts at top-tier banks, preventing misuse. The broker also offers negative balance protection, ensuring losses don’t exceed deposits.

Trading Conditions and Spreads

Spreads vary depending on the account type and platform:

MetaTrader 4 (Standard Account) – spreads from 1.2 pips.
MetaTrader 5 – spreads from 0.6 pips.
cTrader (Raw+) – spreads from 0.0 pips + commission.

The minimum deposit is $100, making it accessible for beginners.

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Available Trading Instruments

FxPro offers:

Forex – 70+ currency pairs.
Stocks – 2000+ assets.
Commodities – oil, gas, metals.
Cryptocurrencies – Bitcoin, Ethereum, and more.
Futures – indices and commodities contracts.

Trading Platforms

FxPro provides various trading platforms:

MetaTrader 4 – a classic platform with extensive indicators.
MetaTrader 5 – an improved version with more features.
cTrader – designed for professional traders.
FxPro Edge – a web-based customizable platform.

Deposits and Withdrawals

Funding methods include:

Bank cards (Visa, MasterCard).
E-wallets (PayPal, Skrill, Neteller).
Bank transfers.

Withdrawals take 1-3 business days, depending on the method.

User Reviews and Reputation

Most users highlight the platform’s convenience and low spreads. However, some complaints mention slow withdrawals.

Customer Support

Support is available 24/5 via:

Live chat.
Email.
Phone support.

FxPro Pros and Cons

Pros

✔ Strong regulation.

✔ Multiple platforms.

✔ Competitive spreads.

✔ Wide range of assets.

Cons

✖ Withdrawals may take time.

✖ No 24/7 support.

Conclusion: Is FxPro a Legit Broker?

FxPro is a licensed broker with a solid reputation. Its multiple regulatory approvals confirm its legitimacy. However, traders should be aware of potential withdrawal delays.

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FAQ (Frequently Asked Questions)

Is FxPro regulated by official authorities?

Yes, it is licensed by FCA, CySEC, FSCA, and SCB, ensuring its legitimacy.

How fast can I withdraw my funds?

Withdrawals take between 1-3 business days, depending on the payment method.

What is the minimum deposit for trading?

The minimum deposit is $100, making it suitable for beginner traders.