In Business, choosing a reliable and cheap supplier can have a big impact on its success. Similar to trading, choosing the wrong forex broker can make you fail as a trader.
I have been trading forex since 2020, and have used over 20 of the most popular forex brokers, including FxPro.
In this FxPro Review, I will give you all the important information about the broker. By the end of this article, you will know if FxPro is the best broker for you or not.
Is FxPro Legit?
Yes, FxPro is a legit and trusted broker. It was founded in 2006 by Denis Sukhotin and is headquartered in London, UK. The company started in Cyprus and has grown into a global broker serving traders in over 170 countries
The broker is regulated by trusted bodies like the
Known for safety, fast trade execution, and user-friendly platforms, FxPro has won more than 120 awards worldwide.
FxPro Review In South Africa
FxPro has a minimum deposit of R200 ZAR using Debit/Credit. You get flexible leverage up to 1:Unlimited, and a choice of platforms like MT4, MT5, cTrader, or their own app. FxPro has 3 types of accounts: Standard, Raw+, and Elite.
Features: |  FxPro Review |
|---|---|
Regulation | FSCA, FCA, FSA, SCB |
Minimum Deposit | R200 |
Platforms | MT4, MT5, cTrader, and FxPro App |
Account Type | FxPro Standard, FxPro Raw+, VIP |
Levarage | 1:Unlimited |
Deposit Methods | Debit/Credit, Crypto, EFT Transfer, Sticpay |
ZAR Trading Account | |
Live Support |
FxPro Account Types
FxPro offers three main account types: the Standard Account, the Raw+ Account, and the Elite Account. FxPro does not have a micro or cent account.
 Standard Account |  Raw+ Account |  Elite Account | |
|---|---|---|---|
Spreads | From 1.2 | From 0 | From 0 |
Commision | 0 | $7 per round lot | $7 per round lot |
Rebates | 0 | 0 | $1.5 per lot |
Min Deposit | 0 | $100 (R1800) | $1000 (R18K) |
The standard account is the best for beginners and swing traders, but if you are a scalper, you will need to get the Raw+ account or the Elite.
FxPro Minimum Deposit & Withdrawal
FxPro has a R200 minimum deposit if using Debit/Credit, and there is a slight difference in the minimum deposit when using crypto.
FxPro has a crypto deposit for South Africa, which makes it one of the few brokers that offer it in South Africa.
It takes less than 48 hours to get your withdrawal from FxPro.
FxPro Available Trading Platforms
FxPro has different trading platforms built to suit all types of traders, but we all know almost everyone uses MT4/5 because it’s the simplest and fastest.
Here are other platforms offered by FxPro
Although MT5 is the goat but personally, I just love trading directly from TradingView, which is available with FxPro.
FxPro Pros & Cons
Conclusion
If you’re looking for a broker with a solid reputation, flexible trading options, and fast execution, FxPro is definitely worth considering.
However, if you’re a beginner who needs a micro account or prefers commission-free trading across all account types, you might want to explore this top 5 forex brokers in South Africa.
FAQs
Yes, FxPro offers ZAR trading accounts
The minimum deposit is R200 when using Debit/Credit cards, Capitec Pay, or EFT. Local bank transfers require R500, Sticpay requires $20,
Yes, FxPro does have direct integration with TradingView.
I’m trading from TradingView directly, no switching platforms😁