One of the oldest CySEC licences on this list (issued 2007), reflecting a long operating history in Cyprus specifically.
| Regulated entity | FxPro Financial Services Limited |
|---|---|
| Regulation | CySEC No. 078/07 + FCA No. 509956 + FSA Seychelles No. SD120 |
| Other Tier-1 regulators | FSCA, SCB |
| Founded | 2006 |
| Headquarters | Limassol, Cyprus |
| Minimum deposit | $100 |
| Avg. spread (EUR/USD) | 1.44 pips |
| Platforms | MT4, MT5, cTrader |
| Instruments | Forex, shares, indices, commodities, metals, futures CFDs |
See FxPro's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | MT4/MT5 Standard (spreads from about 1.2 pips, commission-free), Raw+/cTrader (spreads from 0.0 pips plus roughly $3.50-per-side commission, i.e. about $7 round-turn), and FxPro Edge (a customizable, spread-betting-style product), with Islamic/swap-free available across platforms and a free demo account. |
|---|---|
| Execution model | FxPro positions itself as No Dealing Desk (NDD) but publishes a page explicitly titled "Why FxPro is not an STP Broker," distancing itself from that specific label while using related technology -- an unusually candid distinction worth citing directly rather than summarizing as plain STP. |
| Withdrawals & deposits | No FxPro-side fee; third-party card processing may add roughly 1-3%. Minimum deposit and minimum withdrawal are both $100. Bank transfer takes about 1 business day to deposit and 1-3 days to withdraw; cards are instant to deposit with 1-2 day withdrawals; e-wallets are near-instant both ways. |
| Overnight financing (swap) | Swap is charged daily at 21:59 UK time, with a triple charge on Wednesday for FX and metals (Friday for other instruments) to account for weekends. The rate is based on the tomorrow-next deposit rate differential between the two currencies plus FxPro's own additional rate. Islamic/swap-free accounts avoid this charge. |
| Currency conversion cost | FxPro states a live conversion rate is shown when transferring between its internal Wallet and an account of a different currency, but no specific markup percentage was found in this research pass. |
| Inactivity fee | A one-off $15 account-maintenance fee plus $5/month, triggered after 6 months of account inactivity -- per an independent broker-fee comparison source. |
| Customer service | Trustpilot rates it just 3/5 from 761 reviews -- notably lower than most peers researched so far. Reviews show real dissatisfaction specifically around customer service and payment-processing delays, alongside some praise for transparency and asset range. |
| Mobile experience | Reported around 4.5 on Google Play (500,000+ downloads) and about 4.7 on the App Store, though some recent complaints mention app-update issues affecting chart visibility and profit tracking. |
| Educational offering | Offers beginner and advanced education sections plus a YouTube playlist; multilingual webinars are cited by one independent reviewer as a genuine advantage over peers, and its "FxPro Squawk" real-time news feed is noted as a particular strength for news-driven trading. One independent review site gives it a trust score of 93 ("Highly Trusted"). |
See how FxPro's spread cost compares across every researched broker → · Forex broker fees explained
Is FxPro regulated?
Yes -- CySEC No. 078/07 + FCA No. 509956 + FSA Seychelles No. SD120. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if FxPro fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at FxPro?
Our research confirms a minimum deposit of $100.
What trading platforms does FxPro offer?
FxPro offers MT4, MT5, cTrader.
What is FxPro's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 1.44 pips. See our cost calculator to compare this across every broker we've reviewed.
When was FxPro founded?
FxPro was founded in 2006.
How is FxPro's overall score calculated?
FxPro currently scores 3.42/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
Ratings as found via each site's published/indexed content, not our own testing and not independently re-verified against the live page -- treat as a snapshot and check the source before relying on it. Each card links to where we found it.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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ThinkMarkets is a dual-headquartered (Melbourne/London) group founded in 2010 by brothers Nauman and Faizan Anees, in which each of its major-jurisdiction licences (FCA, ASIC, FSCA, DFSA, FMA) sits in a different legal entity from its CySEC-licensed European arm.