FxPro review: four platforms, but is Raw+ actually the cheapest way in?

FxPro has been running under FCA and CySEC oversight for eighteen years, long enough to survive several waves of broker consolidation without being swallowed by a bigger group. What makes it worth a closer look now is not the licence count, it is that FxPro recently rebuilt its MT5 account range around a headline claim of zero pips on FX and gold. We opened a live Raw+ account, tested it on two of FxPro's four platforms and priced out whether that claim holds up once a commission is added back in.

01A homepage that promises zero, an account book that is more nuanced

FxPro's own homepage leads with "Experience True 0 Spreads", a marquee claim that belongs to Raw+, one of three MT5 tiers FxPro now runs alongside the older Standard account. Standard keeps a no-commission structure with spreads from 1.2 pips on MT4 and 1.4 on MT5, which is unremarkable pricing for 2026 and exists mainly for traders who dislike seeing a separate commission line. Raw+ strips the markup out of the spread on FX and gold and charges commission instead, and Elite sits above it for balances over $30,000, layering rebates on top of Raw+ pricing rather than offering a fourth spread structure. Reading the three tiers side by side, Raw+ is clearly the account FxPro wants an active trader to choose.

02Four platforms under one login, tested on two of them

FxPro's real differentiator against a single-platform broker is choice: MT4, MT5, cTrader and TradingView (through cTrader) all draw on the same FxPro Direct account, so switching tools does not mean opening a second entity or re-verifying identity.

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We ran our Raw+ testing on MT5 for the bulk of execution and switched to cTrader to check whether pricing carried across identically. It does not. cTrader on FxPro runs its own commission schedule of roughly $4.50 per lot per side, about a dollar more each way than what Raw+ charges on MT4 and MT5 for comparable FX pairs. A trader who picks cTrader purely for its charting and depth-of-market view should know that convenience carries a small but real price difference against the MetaTrader side of the same broker.

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03What zero actually cost us on EUR/USD

Our own EUR/USD fills on Raw+ during London hours sat close to the advertised zero on the raw spread component, with the commission adding the real cost back in. Once that commission is included, the all-in figure lands competitively against other commission-based ECN accounts but is not the outright cheapest we have tested this year, since brokers running a flat, lower per-lot fee on every pair rather than a FX-and-gold-focused structure can undercut it once a trader moves beyond EUR/USD and gold into less liquid crosses. FxPro's pricing rewards exactly the pairs it was built around and gets less impressive outside them.

04Opening the account matched the marketing

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The $100 minimum deposit is the same figure across every platform, so a trader is not pushed toward a particular account tier by deposit size the way some brokers structure their onboarding. Verification followed a standard document-upload flow, and funding through card and bank transfer reflected in the account balance quickly enough that we could start trading the same session.

05Which client entity you land under matters here

FxPro's four regulators, the FCA, CySEC, the FSCA and the Securities Commission of the Bahamas, do not offer identical protection, and which one holds your account depends on where you sign up rather than which platform or account tier you pick. UK and EEA clients under the FCA and CySEC entities get negative balance protection, segregated funds at banks such as Barclays and Julius Baer, and access to a formal ombudsman process; clients routed to the Bahamian entity get lighter oversight in exchange for higher leverage caps. That trade-off is common among multi-entity brokers, but it is worth checking which entity actually opened your account before assuming FCA-level protection applies.

06Our verdict

FxPro's four-platform range is a genuine strength for a trader who already has a workflow built around cTrader or TradingView and does not want to abandon it for a broker that only runs MetaTrader. The Raw+ pricing on FX and gold backs up the zero-spread headline more than most similar claims do, but it is a pair-specific advantage rather than a blanket one, and traders working outside FX and gold, or comparing purely on lowest all-in cost, should run the numbers against a flat-commission ECN broker before assuming platform variety comes free.

This review describes what we saw on our own accounts. It is not personal financial advice.