All Share (J203) = 89 062
Rand / Dollar = 18.41
Rand / Pound = 23.23
Rand / Euro = 19.24
Gold (usd/oz) = 2 929.32
Platinum (usd/oz) = 987.70
Brent (usd/barrel) = 76
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

FXPro Account Types

FXPro Account Types ZAR
 

FxPro Account Types offers four different live trading accounts: Standard, Pro, Raw+, and Elite. The minimum deposit required to open an FxPro Account is $100 / 1700 ZAR USD.

 

Min Deposit

USD 100

Regulators

FCA, CySEC, FSCA, SCB

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

70

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FxPro Account Types – 9 Key Point Quick Overview

  1. ☑️Overview
  2. ☑️FxPro at a Glance
  3. ☑️FxPro Account Types
  4. ☑️How to Open a FxPro Account – A Step-By-Step Guide
  5. ☑️FxPro Trading Platforms
  6. ☑️Customer Reviews
  7. ☑️Pros and Cons
  8. ☑️Conclusion
  9. ☑️Frequently Asked Questions

 

Overview

Overview

 

FxPro offers access to Contracts for Difference (CFDs) on 6 asset classes, top-tier liquidity, and advanced trade execution with no dealing desk intervention.  Furthermore, FXPro offers access to a range of account types with excellent trading conditions and ultra-fast execution.

FXPro is an online FX and CFD broker based in Cyprus that trades globally except for the United States. It was founded in 2006 and has gained popularity with traders because of its access to different markets, including forex, indices, commodities, and cryptocurrencies.

 

🔎 Broker🥇 FXPro
💶 Minimum DepositUSD 100 / 1700 ZAR
💳 Funding Fees0%
📉 Micro Lot Trading0.01
⚙️ Instruments2100+
➡️ Ultra-fast Execution<13ms
📈 Maximum Leverage1:500
4️⃣ MetaTrader4☑️ Yes
5️⃣ MetaTrader5☑️ Yes
🚀 Open an Account👉 Open Account

 

FxPro at a Glance

Company Information
Company NameFxPro
🏢 Company InformationFxPro Group Limited
📅 Year Founded 2006
👩‍💼👨‍💼 Current CEOCharalambos Psimolophitis
👩‍💼👨‍💼 Founder/sDenis Sukhotin
👥 Amount of staffOver 200 employees
👨‍💻 Amount of active tradersOver 1.8 million
📈 Publicly Traded (Listed Company)No
🇬🇧 Regulation and SecurityStrong regulatory oversight
🇬🇧 RegulationFCA, CySEC, FSCA
🇬🇧 Country of regulationUK, Cyprus, South Africa
💼 Account SegregationYes, funds are segregated
🚫 Negative balance protectionYes
🔐 Two-step AuthenticationAvailable
🛡️ Investor Protection SchemesYes, under regulatory authorities
📋 Account Types and FeaturesStandard, MT4, MT5, and cTrader accounts
🏦 Institutional AccountsYes
📊 Managed AccountsNo
💱 Minor account currenciesUSD, EUR, GBP, ZAR
💰 Minimum Deposit$100 / 1700 ZAR
📊 Trading ConditionsCompetitive spreads, fast execution
⏳ Average deposit/withdrawal processing time1-2 business days
💵 Fund Withdrawal FeeNo fees on most methods
📉 Spreads from0.0 pips
💸 CommissionsOn cTrader accounts (from $4.5)
🌍 Number of base currencies supported7
📈 Swap FeesYes, applicable on overnight trades
📈 LeverageUp to 1:500
📊 Margin requirements2%
🌙 Islamic account (swap-free)Yes
🎓 Demo AccountYes, unlimited
⏱️ Order Execution Time< 11ms
☁️ VPS HostingAvailable for high-frequency traders
🌍 Global OfficesUK, Cyprus, Bahamas, Dubai
👆 One-Click TradingYes
🤖 Expert AdvisorsSupported on MT4/MT5
📊 Trading InstrumentsForex, Stocks, Indices, Metals, Energy
📊 CFDs-Total OfferedOver 2000 instruments
📈 CFD Stock IndicesYes, major global indices
🛢️ CFD CommoditiesYes, energy and metals
📉 CFD SharesYes, large selection
👀 Watch listCustomizable
🔔 Trade AlertsYes
📈 Trading Stocks with GPYes
📊 Trading Indices with GPYes
🛠️ Swap on trading boardYes
💳 Deposits and WithdrawalsCredit/Debit cards, Bank Wire, PayPal, Skrill, Neteller
💳 Deposit OptionsMultiple methods supported
💸 Withdrawal OptionsSame as deposit methods
🎁 Welcome BonusNo
💻 Trading Platforms and ToolsMT4, MT5, cTrader, FxPro Edge
🚦 Stop-loss InstrumentYes
🛡️ Investor Protection SchemesYes, under regulatory bodies
🖥️ OS CompatibilityWindows, macOS, iOS, Android
🔧 Forex trading toolsYes, extensive
💬 Customer Support24/5 support available
💬 Live chat availabilityYes, 24/5
📧 Customer Support Email addresssupport@fxpro.com
📞 Customer Support Contact Number+44 (0) 203 151 5550
🌐 Languages supported on FxPro Website18 languages
📚 Educational Resources and SupportWebinars, articles, video tutorials
👍 Beginners Trader friendly UXYes
📚 Forex courseYes, basic to advanced
🖥️ WebinarsYes
📖 Educational ResourcesYes, rich library
🤝 Partnerships and ProgramsYes
🤝 Affiliate program?Yes
🤝 Amount of partners10,000+
📈 IB ProgramYes
⚽ Do they sponsor any notable events or teams?Yes, McLaren F1 team
💰 Rebate programYes, for IBs
🗨️ Community ForumNo
📱 Social Media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
🌐 Official Website addressFxPro
📘 Official Facebook PageFxPro
🐦 Official Twitter PageFxPro
📺 Official YouTube ChannelFxPro
🔗 Official Linkedin PageFxPro
📸 Official Instagram PageFxProGlobal
🇿🇦 Regulatory Status in South AfricaFSCA regulated
🇿🇦 Accept South Africa Traders?Yes
🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)?Yes
🤝 Does FxPro offer an Affiliate Program for South African Traders?Yes
💱 Does FxPro allow accounts to be opened in ZAR / Rands?Yes
🚀 Open AccountOpen Account

 

FxPro Account Types

FxPro Account Types

 

FxPro offers several different types of accounts to accommodate various types of traders. The Standard Account requires a minimum deposit of $100 / 1700 ZAR, and its spreads are quite low. Its maximum leverage can go as high as 500:1.

On the other hand, a cTrader account is meant for more sophisticated traders who want to use advanced technical analysis on the financial markets.

There is also an MT5 account specifically for those who want to trade through this platform with at least a $500 / 9100 deposit and a 500 times margin. Additionally, they offer Islamic and Corporate accounts for special trading needs.

 

🔎 Account🏅 Standard🥉 Pro🥈 Raw+🥇 Elite
💰 Minimum Deposit$100 USD$1000 USD$1000 USD$30'000 USD
🔁 Spreads from1.2 Pips0.6 Pips0 Pips0 Pips
📉 Leverage1:5001:5001:5001:500
💻 Trading PlatformsMT4 / MT5MT4MT4MT4
🚀 Open an Account👉 Open Account👉 Open Account👉 Open Account👉 Open Account

 

Islamic Account

FxPro offers Islamic swap-free trading on a Standard trading account level. FxPro offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

 

🔎 Broker🥇 FxPro
☪️ Islamic Account Yes
🔁 Swap-Free Yes
📍 RegistrationVia Customer Support
🚀 Open an Account👉 Open Account

 

Demo Account

Demo Account

 

FxPro does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.  The FxPro demo account expires after 180 days.

 

🔎 Broker🥇 FxPro
🪙 PricingReal-Time
💳 Virtual Funds100K
💵 Base Currencies8
⚙️ Life Span180 Days
🚀 Open an Account👉 Open Account

 

Combo Chart for FxPro Minimum Deposit

 

How to Open a FxPro Account – A Step-By-Step Guide

 

Step 1:  Start the FxPro Account Registration.

In order to register an account with FxPro the applicant can simply click on the gold “Register” button located at the top of the webpage.

 

How to Open a FxPro Account step 1

 

Step 2:  Complete Personal Details

The Second step in the FxPro registration process is to select the country of residence and enter an email plus password.

 

How to Open a FxPro Account step 2

 

Step 3:  Complete the Account Registration

In order to complete the account registration, the applicant will be required to provide personal information such as First and Last Name, Date of Birth, and contact details.

 

FXPro Accounts 3

 

FxPro Trading Platforms

FxPro Trading Platforms

 

FxPro offers access to a wide variety of platforms including cTrader, Metatrader 4, Metatrader 5, and a FxPro proprietary solution.

 

🔎 Trading Platform🥇 FxPro Platform🥈 MetaTrader 4🥉 MetaTrader 5 🏅 cTrader
📈 EA Trading NoYesYesYes
📉 Chart Trading YesYesYesYes
📊 Depth of MarketNoNoYesYes
📌 Indicators50+50+35+55+
📍 Pending order types4466
⛔ Trailing stopNoYesYesYes
⏰ Chart time frames1592126+
🚀 Open an Account👉Open Account👉Open Account👉Open Account👉Open Account

 

Customer Reviews

  🥇  Excellent Offering.

FXTM is a transparent and well-regulated broker with licenses issued by such authorities as CySEC, FCA, and FSCA. Therefore, it is a favorable option for most traders in terms of safety and supervision. Nevertheless, caution should be exercised because the extent of the regulation is region-specific, and the level of protection may not be uniform for all users. The broker also provides protection against negative account balances, which is an important function when managing risks. Overall, FXTM is considered to have a strong regulatory background, which is a positive aspect for any trader. However, its offshore operations might bother some traders. Walter

 

 🏅 Trusted Support

FXTM’s customer support is reliable, offering 24/5 assistance via live chat, phone, and email. The support team is responsive and available in multiple languages, which is great for traders from different regions. However, the lack of 24/7 support can be a downside for traders in regions with different time zones or those who face issues over the weekend. Overall, the support is strong, but extending availability to weekends would enhance the experience.   -Muhammed

 

 🥉 Highly Recommended.

Fxpro is a broker with an excellent reputation and history. Highly Recommended. – Elliot

 

FxPro Customers Review

 

Pros and Cons

✅ Pros❌ Cons
Segregates client fundsNot ASIC Regulated
Highly Regulated (FCA, CySEC, FSCA)High trading fees
Low Minimum DepositInactivity Fee
User-Friendly account registrationOnly CFDs and Forex
Fast Trade Execution (Ultra-low latency)No Bonuses or Promotions
Multiple Trading Platforms (MT4, MT5, cTrader, FxPro Edge)Limited Range of Tradable Assets (No direct stocks or ETFs)
No Deposit FeesHigher Spreads on Some Accounts
24/5 Multilingual SupportNo Social Trading Features

 

Min Deposit

USD 100

Regulators

FCA, CySEC, FSCA, SCB

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

70

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Conclusion

Overall, FxPro provides 4 different live trading accounts, Standard, Pro, Raw+, and Elite.

 

You might also like:  FxPro Review

You might also like:  FxPro Minimum Deposit

You might also like:  FxPro Account Types

You might also like:  FxPro Islamic Account

You might also like:  FxPro Demo Account

 

Frequently Asked Questions

 

Can traders switch between FXPro account types?

Yes, traders can switch between FXPro account types at any time by submitting a request through the FXPro client portal. However, switching accounts may require traders to close their existing positions and transfer their funds to the new account, which may incur additional fees or charges.

 

What are the main differences between the FXPro Standard and Pro accounts?

The main difference between the Standard and Pro accounts is the trading cost. The Pro account offers lower spreads, but traders are charged a commission on each trade, while the Standard account charges higher spreads but no commission. The minimum deposit for the Pro account is also higher than that of the Standard account.

 

What is the Raw account, and how does it differ from the other FXPro accounts?

The Raw account is an account type offered by FXPro that charges traders a small commission in exchange for offering very tight spreads. The Raw account is ideal for traders who require fast trade execution and low trading costs.

 

What is the  FXPro Elite account?

The Elite account is the top-tier account offered by FXPro. The Elite account offers the lowest spreads and the fastest trade execution speed, as well as additional premium features and dedicated account managers.

 

Which account type by FXPro is best suited for beginners?

For beginners, the FXPro Standard account may be the best account type to consider. Here are some reasons why:

Low Minimum Deposit: The Standard account has a low minimum deposit requirement of $100, making it more accessible to beginners who may not have a large trading capital.

No Commission: The Standard account charges higher spreads than the Pro and Raw accounts, but it does not charge any commission on trades, which can be advantageous for beginner traders who may want to keep their trading costs low.

User-Friendly Trading Platforms: The Standard account is available on the MT4 and MT5 trading platforms, which are popular and user-friendly platforms that are easy to navigate and understand. FXPro also offers educational resources, including video tutorials and guides, that can help beginners get started with trading.

Risk Management Features: The Standard account offers risk management features such as stop-loss orders, which can help beginner traders manage their risk and avoid large losses.

Access to Multiple Financial Instruments: The Standard account offers access to a wide range of financial instruments, including currency pairs, shares, indices, and commodities, which can help beginner traders diversify their trading portfolios.

4.6/5 - (29 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

December 1, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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