An FCA- and CySEC-regulated broker with the widest platform choice in its class - MT4, MT5, cTrader and its own Edge platform. Its CySEC licence is register-confirmed and the other five carry numbers and named entities.
FXPro's case rests on platform range. MT4, MT5, cTrader and a proprietary platform is more choice than almost any comparable FCA-regulated broker offers, and cTrader in particular gives depth-of-market and level II pricing that the MetaTrader pair cannot. For a trader who knows why that matters, it is a real reason to pick this broker over an otherwise similar one.
The regulatory picture is now complete. PipsPal confirmed the CySEC licence directly against the register — 078/07, FXPRO Financial Services Ltd — which is more than can be said for several brokers making similar claims. The FCA authorisation is consistent with everything else on the record. The remaining four, which this review previously carried as unverified, now have numbers and entities: FSCA 45052, DFSA F003333 through FxPro Global Markets MENA Limited, Bahamas SIA-F184 and Seychelles SD120. Note that the Bahamas and Seychelles entities are offshore, where compensation schemes generally do not reach, so which entity onboards you still decides what protection you actually have.
This page carried no rating for several weeks, because a rating on this site is built partly from regulatory strength and four of the six licences were, at the time, claims with no number against them. That has been resolved, so the rating stands. It is worth being precise about what changed: PipsPal did not verify four more licences against four more registers. It obtained specific numbers and named entities for them, which is what makes a claim checkable rather than merely asserted — and checkable was the bar this page was waiting for.
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Where FXPro is strong, and where it is not.
In-depth analysis across regulation, costs, platforms, accounts, funding, and support.
FXPro has operated since 2006 and sits in the middle of the FCA-regulated field: not one of the giants, considerably more substantial than the offshore end. Its distinguishing feature is platform choice rather than pricing.
PipsPal confirmed the CySEC licence directly against the current Register of Cyprus Investment Firms on 28 September 2026: number 078/07, held by FXPRO Financial Services Ltd. That check was done by licence number and by entity name, which is the standard this site applies after brand-name searches produced five wrong verdicts earlier in this audit.
The rest of the structure is now identified rather than vague. FSCA South Africa is FSP 45052. DFSA Dubai is F003333, held by the subsidiary FxPro Global Markets MENA Limited. The Bahamas licence is SIA-F184, held by FxPro Global Markets Ltd, and there is a Seychelles licence SD120 held by Invemonde Trading Ltd, which operates in partnership with FxPro Global Markets Ltd. FXPro holds NO licence in Costa Rica — an explicit absence, which is the kind of thing a broker’s own page never says. One caveat that matters: of the six, only CySEC was read from a regulator’s own register by PipsPal. The others are confirmed by the operator, with a number and an entity against each, which is checkable by anyone including you — but it is not the same as register-verified, and this page will not call it that.
The practical point for a client is which entity onboards you. Compensation scheme access varies by jurisdiction, and the FSC Bahamas entity is offshore, where such schemes generally do not apply. If that matters to you - and it should - confirm your entity before funding.
Two pricing models. The Raw account quotes spreads from liquidity providers, typically 0.0 to 0.3 pips on EUR/USD, plus a per-side commission - cheaper above moderate monthly volume, but it requires per-trade arithmetic. The Standard account is spread-only with no commission, typically 0.8 to 1.5 pips in liquid sessions, which is simpler for lower-volume traders.
PipsPal's measured all-in figure is 0.93 pips on the Raw Plus account. Overnight swap charges apply to positions held past daily rollover.
Four platforms: MT4, MT5, cTrader and the proprietary FXPro Edge. cTrader is the one that changes the calculation - depth-of-market, level II pricing and an order model that neither MetaTrader platform offers. Expert Advisors run on both MetaTrader platforms, and VPS hosting is typically available to qualifying accounts.
What is absent is copy trading. There is no native social or copy platform, and no integration with one, which rules FXPro out for anyone whose strategy is following other traders.
Standard, Raw-Plus, Elite and Islamic accounts, all at a $100 minimum. Base currencies include USD, EUR and GBP among others. Withdrawal requests are typically processed within one business day, with arrival depending on method, and FXPro applies no withdrawal fee of its own.
One discrepancy has been settled. PipsPal’s record gave FXPro’s headquarters as London while the broker’s own at-a-glance material said Limassol. London is correct, confirmed 2026-09-28 - our record was right and the broker’s own page was the outlier, which is worth noting because the usual assumption runs the other way.
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