FxPro for South African Traders

FSCA Authorisation — What to Verify

FxPro Financial Services Ltd holds FSCA FSP 45052, issued in 2015. However, before opening an account, verify which entity your account agreement is with. Some South African clients have been onboarded through offshore FxPro entities (Mauritius FSC or Bahamas SCB) rather than the FSCA-licensed entity. If your account is with an offshore entity, FSCA protections — including FAIS Ombud recourse — may not apply.

To verify: check your account agreement for the legal entity name. The FSCA-registered entity is "FxPro Financial Services Ltd." Any other entity name indicates an offshore arrangement.

Account Types and Conditions

FxPro offers Standard (commission-free, wider spread from 1.2 pips on EUR/USD), Raw+ (from 0.0 pips + $3.50/side commission), and Elite tiers. ZAR-denominated accounts are available — the primary advantage for SA traders is eliminating the currency conversion step when funding from a local bank.

Platforms

MetaTrader 4 (most widely used, full EA support), MetaTrader 5 (additional order types), cTrader (ECN pricing, Level II data), and FxPro Edge (proprietary platform). The four-platform offering is a genuine differentiator.

Inactivity Fee

A one-time administrative fee applies after 6 months of no trading activity, followed by a monthly charge. Check FxPro's current Client Agreement for exact amounts, as these vary by entity and jurisdiction.