- Regulator
- Capital Markets Authority (CMA)
- Local company
- Not yet verified
- Licence number
- —
- M-Pesa
- Not confirmed
Broker review · Checked
FxPro review 2026: is FxPro legit in Kenya and South Africa?
FxPro is licensed by the FSCA (45052), the FCA and CySEC, with four platforms including its own FxPro Edge. The minimum is $100. In Kenya it has no CMA licence, though Kenyan sources say it accepts M-Pesa through its global company. Inactivity fees start after six months.
- Founded2006
- 🇰🇪 CMANot licensed
- 🇿🇦 FSCAFSP 45052
- Minimum deposit$100 recommended
- M-PesaNot confirmed
Is FxPro regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- FxPro (South Africa)
- Licence number
- FSP 45052
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About FxPro
FxPro is regulated by the FCA (509956) and CySEC (078/07), with FSCA licence 45052 in South Africa and offshore companies in the Bahamas and Seychelles. Kenyan Wall Street reports that Kenyan clients are served by FxPro Global Markets, which is not CMA-regulated.
Who FxPro suits, and who should look elsewhere
Good fit if you
- want cTrader or FxPro Edge
- are in South Africa and want an FCA/CySEC-regulated group
Look elsewhere if you
- are in Kenya and want a CMA licence
- might leave the account idle
FxPro account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Standard | $100 recommended | From 1.2 pips, no commission |
| Raw+ | $200 | Raw spreads plus $3.50 per lot per side |
| Elite | Over $1,000 | Raw pricing plus rebates |
Leverage: Retail 1:30 under FCA/CySEC; much higher through offshore companies.
FxPro fees: spreads, commission and other charges
| Deposits and withdrawals | No FxPro fee |
| Inactivity fee | $15 once after 6 months, then monthly |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
FxPro deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- No CMA licence; Kenyan clients are served by FxPro Global Markets, per Kenyan Wall Street.
- M-Pesa: reported by Kenyan Wall Street, deposits in about 10 minutes.
🇿🇦 South Africa
- FSCA licence 45052.
- Not found on the FSCA list of OTC derivative providers.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
FxPro trading platforms
- FxPro Edge
- MetaTrader 4
- MetaTrader 5
- cTrader
Is your money safe with FxPro?
- FCA and CySEC regulation; FSCA in South Africa.
- Negative balance protection.
FxPro pros and cons
Pros
- FCA, CySEC and FSCA
- Four platforms
- No funding fees
Cons
- No CMA licence
- Inactivity fees
- Support 24/5 only
Our real-money test of FxPro
Coming
We will open a FxPro account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
FxPro withdrawal time: reports from traders
How long do FxPro withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at FxPro? Get a ready complaint letter and the right regulator contact with our complaint desk →
FxPro: questions people ask
Is FxPro regulated in Kenya?
No. FxPro is not licensed by the CMA. It may still accept clients from Kenya through an offshore company, but you would have no CMA protection or local complaints route.
Is FxPro regulated by the FSCA in South Africa?
Yes. In South Africa, FxPro operates through FxPro (South Africa), which holds FSCA licence FSP 45052. Check that this company is named on your client agreement, not an offshore company of the same brand.
Is FxPro regulated in South Africa?
Yes, FSCA licence 45052.
Does FxPro accept M-Pesa?
Kenyan Wall Street says yes, through FxPro Global Markets, which is not CMA-regulated.
Sources for this review (checked 25 Oct 2026)
- FSCA: OTC derivative providers search
- DayTrading.com: FxPro review (Aug 2026)
- Kenyan Wall Street: forex brokers that accept M-Pesa
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.