All Share (J203) = 89 062
Rand / Dollar = 18.40
Rand / Pound = 23.22
Rand / Euro = 19.23
Gold (usd/oz) = 2 932.37
Platinum (usd/oz) = 978.02
Brent (usd/barrel) = 76.02
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

FxPro Islamic Account

FXPro 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

 

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 Islamic Account – 10 Key Point Quick Overview

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

 

🔎 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

 

Safety and Security

FXPro Safety and Security

 

FXPro Safety and Security 1

 

FxPro is licensed and regulated by multiple entities across the globe including:

 

  • FxPro UK Limited is authorized and regulated by the Financial Conduct Authority.
  • FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission.
  • FxPro Global Markets Limited is authorized and regulated by the Securities Commission of The Bahamas.
  • FxPro Financial Services Limited is authorized by the Financial Sector Conduct Authority.
  • Prime Ash Capital Limited (trading as FxPro) is authorized and regulated as an Investment Dealer by The Financial Services Commission of Mauritius.

 

FxPro 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

 

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

 

To apply for a swap-free account, please send an email request to our Back Office Department at backoffice@fxpro.com.

 

How to Open a FxPro Account

 

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. – ElliotFxPro 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

FxPro Islamic Account is offering Islamic swap-free trading on a Standard trading account level.

 

You might also like:  FxPro Review

You might also like:  FxPro Sign-Up Bonus

You might also like:  FxPro Minimum Deposit

You might also like:  FxPro Account Types

You might also like:  FxPro Demo Account

 

Frequently Asked Questions

 

What type of execution on trades applies to the FXPro Islamic account?

Direct execution on trades applies to the FXPro Islamic Account.

 

Will I have access to Expert Advisors on the FXPro Islamic Account?

Yes, you will have access to Expert Advisors software on this account, allowing for automated trading.

 

Can Muslim traders make use of any additional FxPro Account Types?

Yes, Muslim Traders can make use of the FxPro Demo Account without restriction.

 

Which trading platforms are made available with a FxPro Islamic Account?

FxPro offers access to a wide variety of platforms on its Islamic Account Option including cTrader, Metatrader 4, Metatrader 5, and a FxPro proprietary solution.

 

Can Muslim traders from South Africa open an FXPro account?

Yes, Muslim traders from South Africa are allowed to open an FXPro Islamic Account.

4.9/5 - (25 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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