Before you start trading with FxPro, we suggest you familiarize yourself with the broker’s pricing model, as this will give you a good idea of the final cost of trading with FxPro. To help you determine what budget will be suitable for your trading session or which account can offer the best value for your trades, we have compiled a detailed review of all trading and non-trading fees at FxPro.
Below, our team of experts has reviewed commissions, spread, swap rates, and other surcharges you may encounter while trading Forex, Metals, and other instruments with this broker. If you want to learn more about the overall trading cost at FxPro, we recommend you keep reading.
FxPro Trading Costs
To help you determine the trading costs at FxPro, we must first explain the different pricing models adopted by the account types supported by the broker. Depending on your trading preferences, you can open a Standard, Raw+, or a cTrader Account. The Standard and Raw+ accounts support trading across the MT4 and MT5 platforms, while the cTrader Account, as its name suggests, supports trading only on the cTrader platform.
All three account types support micro lots, with the minimum order size being 0.01 lots. While you can choose hedging as your position management strategy on each of the three accounts, netting is a supported option only on the Standard and Raw+ accounts.
The Standard account charges zero commissions for trading Forex, Metals, and other instruments. Instead, the whole trading cost is built into the spread, which tends to be wider than spreads across the rest of the accounts available at FxPro. The Raw+ Account offers tighter spreads that start at 0.0 pips on major Forex pairs, with a small $3.50 commission attached on each side of a trade of a standard lot. The cTrader Account also reduces the trading cost by offering significantly tighter spreads and charging the same commission of $3.50 per lot per side.
| FxPro Roundtrip Commission Rates Based on Account Type | |||
|---|---|---|---|
| Account Type | Per Standard Lot | Per Mini Lot | Per Micro Lot |
| MT4/5 Standard | $0 | $0 | $0 |
| MT5 Raw+ | $7 | $0.7 | $0.07 |
| cTrader Account | $7 | $0.7 | $0.07 |
If you are not sure whether it is better to stick to no-commission trading or pick tighter spreads, we will give you a very simple example that can show you the total trading cost in both cases. Let us take a look at a standard-lot trade of EUR/USD, where a single pip move equals $10. For the purpose of our example, we will consider that the opening and closing prices of the trade are of the same values. At the time of writing this review, the spread on the EUR/USD pair is 1.5 pips on the Standard Account and 0.5 pips on the cTrader Account. Taking into consideration these parameters, the trade would look something like this:
Standard Account:
Spread: 1.5
Commission per side: $0
Total Cost: 1.5 x $10 = $15 per side or $30 for a round-trip trade
cTrader Account:
Spread: 0.5
Spread Cost: 0.5 x $10 = $5
Commission per side: $3.50
Total Cost: ($5)x2 + ($3.50)x2 = $10 + $7 = $17 for a round-trip trade
As you can see, the final trading cost with a tighter spread on the cTrader Account is significantly reduced compared to the price of trading the EUR/USD pair with the Standard Account.
Below, we have provided the total trading cost on popular Forex pairs with the MT4/MT5 Standard Account and the cTrader Account. Keep in mind that spreads are floating so the values you see below may not match exactly the spread you see when trading with any of the FxPro accounts covered below.
| Average Spread Costs with MT4/5 Standard Accounts | ||||
|---|---|---|---|---|
| Currency Pair | Spread (in pips) | Commission per side | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 1.5 | $0 | $0.15 | $15 |
| USD/JPY | 1.53 | $0 | $0.0997 | $9.97 |
| EUR/GBP | 1.52 | $0 | $0.1895 | $18.95 |
| GBP/USD | 1.87 | $0 | $0.187 | $18.70 |
| AUD/USD | 2.13 | $0 | $0.213 | $21.30 |
| USD/CAD | 1.79 | $0 | $0.1248 | $12.48 |
| USD/CHF | 1.98 | $0 | $0.2186 | $21.86 |
| USD/CNH | 13.68 | $0 | $0.1877 | $18.77 |
| NZD/USD | 2.96 | $0 | $0.296 | $29.60 |
*All pairs’ trading costs are calculated in USD
| Average Spread Costs with cTrader Accounts | ||||
|---|---|---|---|---|
| Currency Pair | Spread (in pips) | Commission per side | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 0.5 | $3.50/$0.035 | $0.085 | $8.50 |
| USD/JPY | 0.47 | $3.50/$0.035 | $0.0656 | $6.56 |
| EUR/GBP | 0.77 | $3.50/$0.035 | $0.1310 | $13.10 |
| GBP/USD | 0.68 | $3.50/$0.035 | $0.1030 | $10.30 |
| AUD/USD | 0.58 | $3.50/$0.035 | $0.0930 | $9.30 |
| USD/CAD | 0.91 | $3.50/$0.035 | $0.0984 | $9.84 |
| USD/CHF | 0.71 | $3.50/$0.035 | $0.1134 | $11.34 |
| USD/CNH | 9.65 | $3.50/$0.035 | $0.1674 | $16.74 |
| NZD/USD | 1.18 | $3.50/$0.035 | $0.1530 | $15.30 |
*All pairs’ trading costs are calculated in USD
FxPro Overnight Funding Costs
While day traders can engage in intraday trading with any of the FxPro accounts, there is also the option to keep your positions open overnight. Such trades generate interest, which is either paid (negative swaps) or received (positive swaps) by the trader, depending on the way the market has shifted overnight. These interest rates are known as swaps, with FxPro calculating swaps by adding a rolling-over commission for overnight positions to the interest rates in the currency pair being traded.
For Forex pairs, this is the formula for calculating swaps: Pip value x Swap value (expressed in points) / 10
For non-Forex instruments, this is the formula for calculating swaps: Lot size x Swap value x Number of nights the position was kept open
Swaps are charged once every weekday, but since they cannot be charged on weekends due to the markets being closed on Saturday and Sunday, swaps on Wednesdays are triple for Forex and Metals. The triple swap charge for other instruments is on Fridays.
While swap rates are being updated regularly due to their dynamic nature, we have provided a table with the current swaps on popular Forex pairs. It is worth noting that the broker also provides a Swaps Calculator that can help you view the potential swap charge on any instrument that can accumulate interest when traded overnight.
| Swap Rates on Popular Forex Pairs (standard lot size) | ||||
|---|---|---|---|---|
| Symbol | Base Currency | Volume in Lots | Pair Swap Long in USD | Pair Swap Short in USD |
| EUR/USD | USD | 1 | -8.01 | 1.9 |
| USD/JPY | USD | 1 | 4.5 | -18.25 |
| EUR/GBP | USD | 1 | -10.27 | 1.67 |
| GBP/USD | USD | 1 | -3.3 | -4.1 |
| AUD/USD | USD | 1 | -3.6 | -1.1 |
| USD/CAD | USD | 1 | 0.31 | -5.97 |
| USD/CHF | USD | 1 | 6.13 | -16.91 |
| USD/CNH | USD | 1 | -6.01 | -12.15 |
| NZD/USD | USD | 1 | -2.5 | -2.1 |
Swap-Free Trading Costs at FxPro
As some traders cannot earn or pay interest due to their religious beliefs, FxPro allows clients from certain Muslim countries to open swap-free accounts. This form of trading allows trading indices, futures, and shares indefinitely, without paying or receiving interest. Other instruments allow a certain grace period for swap-free trading, after which, the broker charges a commission fee.
The grace period varies across instruments, with major Forex pairs allowing the highest number of swap-free trading before a commission is charged. Below, we have provided a detailed table with the grace period for the majority of tradable instruments along with the commission charged after the grace period has passed.
| Grace Period and Rollover Fees on Swap Free Accounts at FxPro | |||
|---|---|---|---|
| Instrument | Grace Period (number of nights) | cTrader Swap Free Account Rollover fee | MT4 and FxPro Edge Swap Free Accounts Rollover Fee |
| EUR/USD | 8 | $7.50 | Calculated as swap rates |
| USD/JPY | 8 | $7.50 | Calculated as swap rates |
| EUR/GBP | 8 | $7.50 | Calculated as swap rates |
| GBP/USD | 8 | $7.50 | Calculated as swap rates |
| AUD/USD | 3 | $7.50 | Calculated as swap rates |
| USD/CAD | 8 | $7.50 | Calculated as swap rates |
| USD/CHF | 8 | $7.50 | Calculated as swap rates |
| USD/CNH | 3 | $7.50 | Calculated as swap rates |
| NZD/USD | 3 | $7.50 | Calculated as swap rates |
| Spot Metals | 4 | $7.50 | Calculated as swap rates |
| Spot Metals (Palladium, Platinum) | 3 | $7.50 | Calculated as swap rates |
| Energy Spot | 1 | $25 | Calculated as swap rates |
| Crypto | 3 | – | Calculated as swap rates |
FxPro Non-Trading Costs
In addition to trading fees, FxPro clients may also face some non-trading surcharges. That said, we could barely find any additional fees that traders may pay outside the spreads and commissions linked to trading with FxPro’s accounts. For starters, opening an account with the broker is completely free and even if there is no trading activity for more than three months, there will be no inactivity fee charged. Instead, the broker will deactivate your FxPro account, which can be reactivated by contacting the support team of the broker.
Funding your FxPro account can be done through several payment solutions. No matter the deposit method of your choice, the broker will not impose any fees. Generally speaking, at FxPro, withdrawals are also free of charge. That said, if there has been no trading activity and the trader requests a withdrawal via Skrill or Neteller, a 2.6% or 2% fee will be deducted from their balance.
For traders who wish to elevate their trading and even keep their EAs active without even launching any of the broker’s trading platforms, there is a VPS (Virtual Private Server) service available. This product is provided by BeeksFX and it requires a paid subscription of $30 per month. However, Premium Account holders will be able to use the FXPro VPS service for free.
| FxPro Non-Trading Costs | |
|---|---|
| Deposit Fees | Free |
| Withdrawal Fees | 2.6% for Skrill and 2% for Neteller if there have been zero trades made |
| Account Opening Fee | Free |
| Inactivity Fee | None |
| VPS Hosting Subscription |
|
Closing Thoughts on FxPro Fees
If you wish to trade with FxPro, you have the opportunity to choose from three account versions, with each one offering rather inexpensive trading conditions. Whether you prefer to eliminate the commission factor or tighter spreads seem more suitable to you, you will have a few account options that will be a great fit for your experience.
Not only can traders reduce the trading cost through a couple of account types at FxPro, but they can also handle their funds with zero fees attached to both deposits and withdrawals. Swap-free trading is also available, allowing an extensive grace period across multiple instruments and very reasonable rollover fees once the swap-free grace period expires. All of that proves that FxPro is a broker offering low-cost trading to a vast variety of traders.
