FxPro at a Glance
FxPro has been operating since 2006 and holds regulatory authorisations in four jurisdictions: the UK (FCA), the EU (CySEC), South Africa (FSCA), and the Bahamas (SCB). This multi-regulator structure means clients worldwide can trade under strong regulatory protection regardless of their location.
Regulation — Four Independent Authorities
FxPro operates under authorisations from four independent regulators. This is an unusually broad regulatory footprint for a retail forex broker, and it has practical implications for client protection: segregated funds, capital requirements, and access to dispute resolution mechanisms vary by regulator but are enforced in each jurisdiction.
Practical note: When opening an account, confirm which FxPro entity will hold your account. The regulatory protection you receive depends on the entity, not the broker brand. EU clients should be on the CySEC entity; UK clients on the FCA entity.
Account Currencies — Trade in Your Local Currency
FxPro supports 15+ account currencies including USD, EUR, GBP, JPY, CHF, AUD, CAD, and more. This is the feature that directly impacts the calculation on this site: when your account runs in your local currency, pip values and P&L calculations are in that currency — no conversion step, no hidden FX cost on each deposit and withdrawal.
For most retail traders, currency conversion costs are invisible friction: 1–3% at your bank on every transfer adds up fast. A $10,000 account cycling through one deposit and withdrawal per year loses $100–$300 in conversion alone. Trading in your account currency eliminates this.
Trading Platforms
FxPro offers four trading environments — an unusually broad range. Each has a distinct use case; choosing the right one depends on your trading style.
MetaTrader 4 (MT4)
The industry-standard platform. Supports Expert Advisors (EAs), has a large library of indicators, and is available as desktop, web, and mobile app. Ideal for traders who use automated strategies or custom indicators.
MetaTrader 5 (MT5)
The successor to MT4 with additional order types, a built-in economic calendar, and access to more asset classes. Better for traders who need depth-of-market data or want to trade stocks alongside forex.
cTrader
Popular among professional traders for its transparent ECN pricing and Level II pricing data. Supports cAlgo for algorithmic trading. Raw spreads from 0.0 pips with a per-trade commission — typically cheaper for active traders.
FxPro Edge
FxPro's own web-based platform. Clean interface designed for simplicity. Suited to traders who prefer a modern UI over the feature density of MT4/MT5.
Pros & Cons
Pros
- Regulated in 4 jurisdictions — FCA, CySEC, FSCA, SCB
- 15+ account currencies — eliminate conversion fees
- Four platform options including MT4 and cTrader
- Segregated client funds across all entities
- Negative balance protection on EU/UK entities
- Established broker since 2006 — proven track record
Cons
- $100 minimum deposit — higher than some competitors
- Standard account spreads wider than raw ECN brokers
- Inactivity fee after 6 months
- Limited cryptocurrency CFD range
Editorial Verdict
FxPro stands out among retail forex brokers for two reasons: its unusually broad multi-regulator structure, and its 15+ account currency support. For traders whose local currency isn't USD — which is most retail forex traders globally — these two features together mean they can trade with genuine local currency accounts under strong regulatory protection.
The four-platform offering is a genuine differentiator. Not every broker offers MT4, MT5, and cTrader simultaneously — FxPro's addition of its own Edge platform adds a fourth option for traders who prefer a simpler web interface.
The main limitation is the $100 minimum deposit, which sits higher than some competitors. For those comfortable with that threshold, FxPro is a credible, well-established choice.
Disclosure: MyTradeCalc may earn a referral commission if you open an account via links on this page. This does not affect our editorial assessment. We do not receive payment for favourable reviews.