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FxPro Overview for Cyprus
FxPro, founded in 2006 and headquartered in the UK, is a globally recognized forex and CFD broker with a strong presence in Cyprus. Regulated by CySEC (license 078/07), it is a popular choice among Cyprus traders for its reliable execution, competitive spreads, and multiple platform options. The broker serves over 1.8 million clients worldwide and offers trading in forex, indices, commodities, shares, and cryptocurrencies. For Cyprus traders, FxPro’s local regulation ensures compliance with ESMA rules, including leverage caps of 1:30 for major forex pairs and negative balance protection. The broker supports USD, EUR, and GBP accounts, making it convenient for Cypriot traders who often deal in euros. With a minimum deposit of $100 and support for local payment methods like Bank Transfer, Skrill, and USDT, FxPro is accessible to both beginners and experienced traders. However, the absence of copy trading and limited educational resources may deter some retail traders. Overall, FxPro is a well-established broker that offers a solid trading environment for Cyprus residents, particularly those who value regulation and platform choice.
| Detail | Information |
|---|
| Founded | 2006 |
| Headquarters | UK |
| Regulated by | FCA,CySEC,FSCA,SCB |
| Min Deposit | $100 |
| Max Leverage | 500 |
| Platforms | MT4, MT5, cTrader |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is FxPro Safe for Cyprus?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Cyprus traders
Always verify FxPro's regulation at the official regulator website before depositing.
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Spreads & Trading Costs 2026
Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | 0.45 pips | $3.50 | $3.95 | 1.40 pips |
| XAU/USD | 0.25 pips | $3.50 | $3.75 | 0.35 pips |
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Account Types for Cyprus Traders
Standard Account
No Commission
Min Deposit$100
EUR/USD Spreadfrom 1.40 pips
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$100
EUR/USD Spreadfrom 0.45 pips
Commission$3.50
IslamicCheck broker
PlatformsMT4/MT5
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — Cyprus Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Cyprus deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
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Islamic Account — Cyprus Muslim Traders
FxPro offers Islamic (swap-free) accounts for Cyprus Muslim traders who require Sharia-compliant trading. These accounts have no swap or interest on overnight positions, making them suitable for those who cannot earn or pay riba (interest). The Islamic account is available on both Standard and ECN account types. To apply, you must contact FxPro customer support after registration and provide a declaration of your religious beliefs. There are no hidden fees, but the account is subject to review and may be converted back to a standard account if abuse is detected (e.g., holding positions for extremely long periods without swap). The minimum deposit remains $100. For Cyprus traders, this is a genuine swap-free option, though it’s always wise to confirm terms with support before trading.
| Feature | Details |
|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
Islamic account verdict
Genuine swap-free account available. Always verify the terms with the broker directly to confirm no hidden administration fees.
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Instruments & Markets in Cyprus
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | 0.45 pips |
| Gold (XAU/USD) | Spot Gold | Available | 0.25 pips |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Cyprus traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Cyprus traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Cyprus traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Cyprus Review
Support verdict for Cyprus
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Cyprus Traders Make with FxPro
- Mistake: Cyprus traders often assume the Standard account is always cheaper, but the ECN account can save money on tight spreads if you trade high volume.
- Using USDT deposits without checking that your wallet address is correct; always double-check to avoid lost funds.
- Forgetting to request the Islamic account before trading if you need swap-free; it cannot be applied retroactively.
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FxPro vs Competitors in Cyprus
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| FxPro (current) | $100 | 0.45 pips | Yes | No | 3.1 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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Security & Fund Protection — FxPro
Yes
Segregated Funds
Client funds held separately from company funds
Yes
Negative Balance Protection
You cannot lose more than you deposit
Yes
Top-tier Regulation
FCA, ASIC, or equivalent oversight
Fund safety verdict for Cyprus traders
FxPro segregates all client funds and is regulated by top-tier authorities.
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FxPro User Reviews & Ratings
CompareBroker Expert Rating
3.1
★★★★★
Based on 50+ data points tested by our team
Independently verified
What traders love
+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support
Common complaints
- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
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FxPro Latest News & Updates 2026
FxPro expands TradingView integration
FxPro has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
FxPro maintains top-tier regulatory status
FxPro continues to hold its regulatory licenses, ensuring client fund protection for Cyprus traders.
New instruments added for Cyprus traders
FxPro has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is FxPro Worth It for Cyprus Traders?
3.1/5
★★★★★
FxPro is a reliable and well-regulated broker for Cyprus traders, especially those who value safety and platform choice. Its CySEC regulation, negative balance protection, and ICF coverage provide peace of mind. The broker offers competitive spreads, a variety of platforms, and supports local payment methods like Bank Transfer, Skrill, and USDT. However, the lack of copy trading, limited educational materials, and restricted leverage (1:30 for EU clients) are notable drawbacks. FxPro is best suited for experienced retail forex traders in Cyprus who want a secure environment and are comfortable with self-directed trading. Beginners may find the educational gap challenging and might prefer brokers with more support. Overall, FxPro earns a recommendation for its transparency and reliability, but it’s not the perfect fit for everyone.
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FAQ — FxPro for Cyprus Traders
Is FxPro safe for Cyprus traders?+
How can I deposit money in FxPro from Cyprus?+
Does FxPro have Islamic account?+
What is the minimum deposit for FxPro in Cyprus?+
What trading platforms does FxPro offer?+
Is FxPro regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
