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, 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
- ☑️Overview
- ☑️FxPro at a Glance
- ☑️FxPro Account Types
- ☑️How to Open a FxPro Account – A Step-By-Step Guide
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
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 Deposit | USD 100 / 1700 ZAR |
| 💳 Funding Fees | 0% |
| 📉 Micro Lot Trading | 0.01 |
| ⚙️ Instruments | 2100+ |
| ➡️ Ultra-fast Execution | <13ms |
| 📈 Maximum Leverage | 1:500 |
| 4️⃣ MetaTrader4 | ☑️ Yes |
| 5️⃣ MetaTrader5 | ☑️ Yes |
| 🚀 Open an Account | 👉 Open Account |
FxPro at a Glance
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 from | 1.2 Pips | 0.6 Pips | 0 Pips | 0 Pips |
| 📉 Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| 💻 Trading Platforms | MT4 / MT5 | MT4 | MT4 | MT4 |
| 🚀 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 |
| 📍 Registration | Via Customer Support |
| 🚀 Open an Account | 👉 Open 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 |
| 🪙 Pricing | Real-Time |
| 💳 Virtual Funds | 100K |
| 💵 Base Currencies | 8 |
| ⚙️ Life Span | 180 Days |
| 🚀 Open an Account | 👉 Open Account |
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.
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.
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.
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
Pros and Cons
| ✅ Pros | ❌ Cons |
| Segregates client funds | Not ASIC Regulated |
| Highly Regulated (FCA, SCB) | High trading fees |
| Low Minimum Deposit | Inactivity Fee |
| User-Friendly account registration | Only 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 Fees | Higher Spreads on Some Accounts |
| 24/5 Multilingual Support | No Social Trading Features |
Min Deposit
USD 100
Regulators
FCA, 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.
