XPro Markets Review

XPro Markets

XPro Markets


  • Leverage: 1:30 | 1:400

  • Regulation: FSCA

  • Min. Deposit: $250

  • HQ: South Africa

  • Platforms: MT4, Webtrader

  • Found in: 2022

XPro Markets Licenses:

  • UKUCHUMA FINANCIAL SERVICES (PTY) LTD - authorized by FSCA (South Africa) FSP no 32535

Top 3 Forex Brokers

  1. What is XPro Markets?
  2. XPro Markets Pros and Cons
  3. Is XPro Markets Safe or a Scam?
  4. Leverage
  5. Accounts
  6. Instruments
  7. Fees
  8. Spreads
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about XPro Markets.

What is XPro Markets?

XPro Markets is a Forex and CFD trading broker, offering traders access to a variety of trading instruments, including Forex, CFDs, Indices, Stocks, Cryptos, Metals, Commodities, and Shares.

Based on our research, the broker is headquartered in South Africa and holds a license from the reputable FSCA authority. As a South African broker, XPro Markets provides its services to clients across the African region overall.

In general, the firm is known for its reliability, offering competitive trading conditions and efficient execution of trades through the advanced MetaTrader trading platform.

XPro Markets Pros and Cons

Per our findings, the broker presents both pros and cons that are important to consider. On the positive side, XPro Markets offers competitive trading conditions, a low minimum deposit requirement, and access to the well-known MT4 trading platform and Webtrader. Additionally, the firm ensures 24/7  customer support and provides a variety of funding options.

For the cons, the broker lacks a top-tier license and operates under a single regulatory body, which could be a drawback for some traders seeking accounts with multiple regulatory authorities. However, trading under a South African entity is considered safe enough. Moreover, the availability of research and educational resources is limited, so novice traders might better look for more suitable offerings.

Good trading conditionsNo additional and top-tier license
FSCA regulation and overseeNot comprehensive education and research
MT4 trading platformNo demo account
Low minimum deposit
24/7 customer support
Funding methods

XPro Markets Review Official Website

XPro Markets Review Summary in 10 Points
🏢 HeadquartersSouth Africa
🗺️ RegulationFSCA
🖥 PlatformsMT4, Webtrader
📉 InstrumentsForex, CFDs, Indices, Stocks, Cryptos, Metals, Commodities, Shares
💰 EUR/USD Spread2.5 pips
🎮 Demo AccountNo
💳 Minimum deposit$250
💰 Base currenciesEUR, USD, GBP, JPY, AUD
📚 EducationProvided
☎ Customer Support24/7

Overall XPro Markets Ranking

According to our analysis, XPro Markets provides a reliable trading environment with competitive fees, making it an attractive option for traders of all levels. The broker offers access to an advanced MT4 trading platform that allows users to trade well-known trading instruments.

  • XPro Markets Overall Ranking is 7.8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry-leading brokers.
RankingXPro MarketsStarTraderDoo Prime
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvanatgesTrading FeesTrading SpreadsTrading Conditions

XPro Markets Alternative Brokers

After considering multiple factors such as trading features, regulatory compliance, spreads, trading instruments, and user reviews, we have conducted an analysis and compiled a list of potential broker alternatives to XPro Markets.

Is XPro Markets Safe or Scam?

No, XPro Markets is not a scam. It is a regulated brokerage company authorized by FSCA in South Africa, which suggests a level of credibility and adherence to certain industry standards.

Is XPro Markets Legit?

Yes, XPro Markets is a legit and regulated broker, even though is not regulated by top-tier regulation. Compliance with the regulatory rules set by FSCA, which is a rather good regulatory body in the Forex trading market, enhances the safety and confidence of traders who choose to trade with the broker.

See our conclusion on XPro Markets Reliability:

  • Our Ranked XPro Markets Trust Score is 7.8 out of 10 for good reputation and services provided. However, we recommended conducting your research, reviewing customer feedback, and considering personal factors before deciding to engage with the broker.
XPro Markets Strong PointsXPro Markets Weak Points
Account balance protectionNo top-tier license
Professional trading environment
Client funds security

Customer Trading Protection

According to our findings, FSCA plays a good role in enforcing regulatory compliance within the financial services industry, especially for Africa Trading. The regulatory body ensures the security of clients’ funds by requiring the segregation of funds from company accounts. This practice prevents the use of client funds for operational purposes, adding an extra layer of protection for clients.

However, we suggest conducting thorough research, including reading user reviews and considering other factors, to assess the broker’s reputation and legitimacy. 

XPro Markets Review License

XPro Markets Leverage

Leverage is a useful tool that enables traders to enter the market with limited capital. However, its use can lead to substantial profits or losses as well. As such, traders should have a comprehensive understanding of how leverage works and its possible consequences before engaging in any trading activities that involve leverage.

XPro Markets leverage is offered according to the FSCA regulation:

  • Trades from South Africa are eligible to use low leverage up to 1:30 for major currency pairs.
  • However, the website states the potential for higher leverage of up to 1:400, so understanding the implications and risks associated with leverage is crucial before making decisions about its use in trading.

Account Types

Per our research, the broker offers Classic, Silver, Gold, Platinum, and VIP accounts that might suit the needs of different traders. The initial deposit required for all account types is $250.

Fast and easy account openingNo Demo account
Low minimum deposit
Account base currencies EUR, USD, GBP, JPY, AUD

Opening XPro Markets Trading Account

Opening an account with a broker is quite an easy process, as you can log in and register with XPro Markets within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:

  • Select and Click on the “Create Account” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your data by uploading documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

XPro Markets Review Accounts

Trading Instruments

XPro Markets provides access to popular trading instruments, such as Forex, CFDs, Indices, Stocks, Cryptos, Metals, Commodities, and Shares. The broker enables traders to diversify their portfolios and participate in various markets according to their individual preferences and trading strategies.

  • XPro Markets Markets Range Score is 7.5 out of 10 for popular trading product selections. On the other hand, we found that some popular asset classes are not available to trade.

XPro Markets Review Trading Instruments

XPro Markets Fees

After examining the broker’s fee offering, we found that XPro Markets provides competitive pricing for the majority of trading services. We found that the broker imposes withdrawal fees, and additional charges may be applicable during trading activities as well.

So, carefully review the broker’s fee structure and terms and conditions to gain a comprehensive understanding of the associated fees and their potential impact on trading operations.

  • XPro Markets Fees are ranked average with an overall rating of 7.8 out of 10 based on our testing and compared to over 500 other brokers.

FeesXPro Markets FeesStarTrader FeesDoo Prime Fees
Deposit feeNoNoYes
Withdrawal feeYesNoYes
Inactivity feeYesNoYes
Fee rankingAverageLow/AverageLow/Average


Based on our test trade, the broker provides competitive spreads, with an average spread of 2.5 pips for the EUR/USD currency pair in the Forex market.

However, spreads can vary based on market conditions, volatility, and liquidity, so consult the broker’s website or contact customer support for detailed information on the spreads they offer for specific instruments and account types.

  • XPro Markets Spreads are ranked average with an overall rating of 7.5 out of 10 based on our testing comparison to other brokers. Although we found Forex spread for the EUR/USD currency pair is higher than the industry average of 1.2 pips, the spreads for other instruments are considered competitive.

Asset/ PairXPro Markets SpreadStarTrader SpreadDoo Prime Spread
EUR USD Spread2.5 pips1.3 pips0.1 pips
Crude Oil WTI Spread313
Gold Spread0.0511

Deposits and Withdrawals

Per our research, the broker offers a variety of payment methods for traders to deposit funds into trading accounts including Wire Transfers, Credit/Debit cards, and E-wallets. However, some payment methods may have specific requirements or restrictions depending on the client’s bank or other financial institutions involved.

  • XPro Markets Funding Methods we ranked good with an overall rating of 8 out of 10. Fees are low, and also you can benefit from various account-based currencies.

Here are some good and negative points for XPro Markets funding methods:

Variety of funding methodsNone
Fast digital deposits
No deposit fees

XPro Markets Minimum Deposit

To open a live trading account with the broker, clients need to deposit $250 as an initial deposit amount for all trading accounts.

XPro Markets minimum deposit vs other brokers

XPro Markets Most Other Brokers
Minimum Deposit $250 $500

XPro Markets Withdrawals

Based on our analysis, the withdrawal process may take about 8 to 10 business days to get your withdrawal request, however, it may differ depending on your local bank.

Withdraw Money from XPro Markets Step by Step:

To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with the requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

XPro Markets Review Funding Methods

Trading Platforms

Traders have access to the popular MetaTrader 4 and Webtrader trading platforms while trading at XPro Markets. The platforms offer a wide range of features including technical indicators, user-friendly interfaces, advanced charting tools, and extensive trading capabilities, which are suitable for various trading strategies.

  • XPro Markets Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers an advanced MT4 trading platform.
PlatformsXPro Markets PlatformsStarTrader PlatformsDoo Prime Platforms
Own PlatformsYesYesNo
Mobile AppsYesYesYes

XPro Markets Webtrader

We found that the broker’s Webtrader offers traders a seamless and user-friendly experience for buying and selling assets. With its intuitive design, real-time market data, advanced technologies, and a complete set of tools, this online platform empowers traders with quick decision-making capabilities, enhancing their overall trading experience.

XPro Markets Review Trading Platform

Customer Support

The broker offers 24/7 customer support via live chat, email, phone lines, and social media channels. Additionally, the support team includes trading experts who can assist with technical support, analysis recommendations, general inquiries, and operational issues.

  • Customer Support in XPro Markets is ranked good with an overall rating of 8.5 out of 10 based on our testing. The support team is responsive during working days and weekends, ensuring efficient assistance.

See our find and ranking on Customer Service Quality:

24/7 customer supportNone
Phone support, email, live chat
Supportive customer service

XPro Markets Review Customer Support

XPro Markets Education

In the end, the broker offers learning materials through its Trading Central which provides access to independent research and leading analysis data to support traders’ investment strategies. However, it lacks in offering seminars and webinars.

For traders seeking more comprehensive educational resources, we suggest exploring other brokers that provide a broader range of learning opportunities.

  • XPro Markets Education ranked with an overall rating of 7.8 out of 10 based on our research. We suggest considering alternative brokers that offer seminars and webinars too.

XPro Markets Review Education

XPro Markets Review Conclusion

In conclusion, XPro Markets is a reliable Forex trading broker that offers competitive trading solutions, efficient execution, and access to the popular MT4 trading platform.

However, potential drawbacks include a sole regulatory authority and a less extensive educational offering, which may not be ideal for beginner traders.

Overall, we found that the firm provides a reliable trading environment, however, we advise conducting your research and evaluating whether the broker’s offerings suit your specific trading requirements.

Based on Our findings and Financial Expert Opinions XPro Markets is Good for:

  • Traders from South Africa and the African Region
  • Traders who prefer the MT4 trading platform
  • Currency trading
  • Beginners
  • Advanced traders
  • NDD execution
  • Competitive prices
  • 24/7 customer support
  • Good trading tools

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