FxPro Review 2026
The full FxPro write-up for South Africa traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in South Africa
| Regulator | SCB, Securities Commission of the Bahamas (SCB) |
| Licence Number | SIA-F184 |
| Regulated Entity | FxPro Global Markets Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.6 pips |
| Instruments | 2,100+ |
| Platforms | FxPro Platform, MT4, MT5, cTrader |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | Inactivity fee: USD10/month after 6 months |
Verdict
Cooks under SCB (licence SIA-F184). Cover charge $100. In South Africa, forex leverage is capped at 1:500.
About FxPro
FxPro opened its doors in 2006 out of a kitchen in London, UK. Its menu runs to 2,100 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by FxPro Global Markets Ltd under SCB.
In South Africa, FxPro serves as FxPro Global Markets Ltd, cleared by SCB under licence number SIA-F184. Under SCB house rules, South Africa traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- SCB regulated, licence SIA-F184
- 2,100+ instruments to trade
- Negative balance protection in South Africa
- Platforms: FxPro Platform, MT4, MT5, cTrader
- Founded in 2006 (20 years operating)
- Headquartered in London, UK
Cons
- Inactivity fee: USD10/month after 6 months
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is FxPro regulated?
Yes. FxPro is authorised by SCB, issued to the entity FxPro Global Markets Ltd, an authorisation you can look up for yourself on the official SCB public register.
What is the minimum deposit for FxPro in South Africa?
The cover charge is $100, the smallest amount South Africa traders need to open a live account with FxPro under SCB rules.
What leverage does FxPro offer in South Africa?
In South Africa, SCB rules cap FxPro at 1:500 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is FxPro safe to trade with?
The kitchen passes inspection: FxPro cooks under SCB. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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