FxPro Fees: What Traders Should Know
Read my in-depth FxPro fees review, which helps traders understand and compare them to other brokers. Trading fees reveal which strategies a broker actively supports and passively discourages. They are the most defining aspect of a broker, as they directly impact profitability. So, how competitive are FxPro’s fees?
Overview of FxPro Fees and Charges
FxPro offers a commission-free pricing environment and two attractively priced commission-based alternatives. The former has minimum FxPro fees consisting of spreads from 1.2 pips or $12.00 per lot. The latter features raw spreads from 0.0 pips, available during 90% of the daily trading session, for a commission of $7.00 for total FxPro fees of $7.00 per lot. The Elite account can lower FxPro’s fees to $5.53.
Find out additional updated information about FxPro, in our review.
A Snapshot of FxPro Fees
Fee | Type of Fee | Applicable at FxPro |
|---|---|---|
Spreads | Trading fee | Yes |
Commission | Trading fee | Yes |
Swap rates on leveraged overnight positions | Trading fee | Yes |
Live Price Feed / Stamp Duty/ Settlement Fee | Trading fee | No |
Internal Deposit Fee | Non-trading fee | No |
Internal Withdrawal Fee | Non-trading fee | No |
Inactivity Fee | Non-trading fee | Yes |
Account Fee | Non-trading fee | No |
Currency Conversion Fee | Trading fee and non-trading fee | Daily bank rate |
FxPro Fees, Spreads, and Commission Explained
FxPro, like all brokers, has frequent trading fees and less frequent non-trading fees. Traders should understand the FxPro fees to know what they pay per trade and compare costs to other brokers to determine if FxPro offers a competitive pricing environment.
Trading Fees
FxPro’s Forex trading fees can be summarized:
- Spreads (the difference between the bid and the ask price, where FxPro has raw spreads from 0.0 pips).
- Commissions (charged per transaction, $7.00 per 1.0 round lot).
- Swap rates (charged on leveraged overnight positions).
- Currency conversion fees (charged at the daily bank rate).
Non-trading Fees
- Deposit fees (not applicable at FxPro).
- Withdrawal fees (not applicable at FxPro).
- Inactivity fees ($15 one-time after six months of dormancy plus $5 monthly).
- Currency conversion fees (charged at the daily bank rate).
FxPro Trading Fees
FxPro trading fees, the most frequent FxPro fees traders will pay, depend on the asset, and apply to each transaction. Currency conversion fees apply if the asset quote currency differs from the account base currency, and FxPro states it uses the daily bank rate for currency conversions.
An Overview of Minimum FxPro Trading Fees in the Raw Account
Title | Title | Title | Title |
|---|---|---|---|
Forex (EUR/USD) | 0.0 pips | $7.00 | $7.00 per 1.0 standard lot |
Indices (S&P500) | 0.70 points | Commission-free | $0.70 per contract |
Commodities (Gold) | 0.33 points | $7.00 | $7.33 per contract |
Overnight Fees (Swap rates)
Swap rates are the most ignored trading costs, which may become the most significant fee per trade, depending on the strategy. Swap rates apply on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend.
MT4/MT5 traders can easily access swap rates from their platform by following these steps:
1. Right-click the desired symbol in the Market Watch window and select Specification.
2. Scroll down until you see Swap Long and Swap Short.
FxPro Non-Trading Fees
Non-trading fees are notably less frequent and apply to deposits, withdrawals, and inactivity. Traders must know about them to avoid confusion and fees.
Currency Conversion Fees
Currency conversion fees are a hidden fee most traders are unaware of. They apply each time FxPro exchanges one currency for another, including trading. For example, traders buy a Euro-denominated asset in a US Dollar base account.
FxPro Deposit Fee
While FxPro does not levy internal deposit fees, traders may face third-party processing fees. Currency conversion fees may apply, which traders can avoid with a multi-currency account from their bank or online payment processors.
FxPro Withdrawal Fee
FxPro offers fee-free withdrawals, but traders should consider potential third-party processing costs, currency conversion fees, and follow-on transaction costs.
FxPro Inactivity Fee
Traders must pay a one-time inactivity fee of $15 after six months of dormancy and a $5 monthly inactivity fee. Active traders will never face this cost, and six months is a gracious period for dormant accounts.
FxPro Safety and Security
FxPro has 20+ years of experience, a clean regulatory track record with four regulators, 7.8M client accounts, segregated client deposits, negative balance protection, €100,000,000+ in company capital, and a credit score of 96 from Creditsafe.
Bottom Line
FxPro fees in the commission-based Raw and Elite accounts offer traders a competitive edge, while active traders will never face any FxPro non-trading fees. FxPro is an industry leader and belongs to the most trusted Brokers. It has 20+ years of experience, complies with four regulators, has 7.8M client accounts, €100,000,000+ in company capital, and a credit score of 96 from Creditsafe. FxPro has a $100 minimum deposit requirement, the only cost to start trading with FxPro. FxPro charges a one-time $15 inactivity fee after six months of dormancy, followed by a $5 monthly inactivity fee. FxPro has two commission-based trading accounts, where the commission is $3.50 per side or $7.00 per 1.0 standard round lot. Traders in the Elite account, requiring a $30,000 minimum deposit, qualify for commission rebates of up to 21%, lowering commission to $5.53 per 1.0 standard round lot.FAQs
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