FxPro Account Types: Choosing What’s Best for You
Traders get three distinct FXPro account types, plus a demo account, and an Islamic account.
FxPro Account Types
FxPro Account Types Features | FxPro Standard | FxPro Raw+ | FxPro Elite |
|---|---|---|---|
Minimum Deposit | $100 | $500 | $30,000 over two months |
Minimum Forex Spreads | 1.2 pips | 0.0 pips | 0.0 pips |
Commissions | Commission-free | $7.00 per round lot | $7.00 per round lot |
Maximum Leverage | 1:10,000 | 1:10,000 | 1:10,000 |
Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
Account Base Currencies | EUR, USD, GBP, AUD, CHF, JPY, PLN, ZAR | EUR, USD, GBP, AUD, CHF, JPY, PLN, ZAR | EUR, USD, GBP, AUD, CHF, JPY, PLN, ZAR |
How to Open an FxPro Account: A Step-by-Step Guide
Traders can open any FxPro account type via a user-friendly online application.
Below is a step-by-step guide on how to open FxPro account types:
1. Click “Register” or “Register with the Pros” on the FxPro homepage.
2. Fill out your country of residence, e-mail address, and desired password. Click “Register with FxPro” to complete the registration.
3. FxPro complies with global AML/KYC requirements, making account verification mandatory. Most traders can complete it by uploading a copy of a government-issued ID and one proof of residency document. FxPro may ask for additional documents on a case-by-case basis.
Restricted countries:
- FxPro does not provide a list of restricted countries but it does not accept traders resident in the US, the Islamic Republic of Iran, or Canada
FxPro Account Features
Traders will get identical FxPro account type features, except for trading fees, which make a tremendous difference, and determine the competitiveness for traders.
Features of All FxPro Account Types
- User-friendly and fast account application
- MT4, MT5, cTrader trading platforms, and the proprietary FxPro Trading Platform.
- Algorithmic and copy trading
- Maximum Forex leverage of 1:500
- Negative balance protection
- Unrestricted, customizable demo accounts
- Actionable trading recommendations by Trading Central.
- VPS hosting for 24/5 low-latency Forex trading
The primary differences among the FxPro account types are trading fees.
How the FxPro Account Types Differ
FxPro Account Types Features | FxPro Standard | FxPro Raw+ | FxPro Elite |
|---|---|---|---|
Minimum Deposit | $100 | $500 | $30,000 over two months |
Minimum Forex Spreads | 1.2 pips | 0.0 pips | 0.0 pips |
Commissions | Commission-free | $7.00 per round lot | $7.00 per round lot |
Total Fees per 1.0 standard round lot | $12.00 | $7.00 | $7.00 (lowered to $5.53 with rebates) |
FxPro Account Pros & Cons
Traders can consider the pros and cons of the various FxPro account types before opening one.
Pros of the FxPro Account Types
- Four trading platform choices
- Algorithmic trading with VPS hosting for 24/5 low-latency trading
- Copy trading via three solutions
- 1:500 maximum leverage with negative balance protection
- Balanced asset selection
- Competitive commission-based FxPro account types
- Volume-based rebates
Cons of the FxPro Account Types
- Volume-based rebate program requires $30,000 in deposits over two months
Bottom Line
Traders get competitive trading conditions in the commission-based FxPro account types with excellent order execution from an NDD broker.
For additional more up-to-date info. About FxPro, read their review here.
FAQs
Can I trust FXPro?
FXPro is one of the most trusted brokers and an industry leader with 20+ years of experience. It has 7.8M client accounts, segregated client deposits, negative balance protection, €100,000,000+ in company capital, a credit score of 96 from Creditsafe, and a clean track record with four regulators.
What type of broker is FXPro?
FXPro is an NDD broker with exceptionally fast order execution under 12 milliseconds.
What is the best account type for Forex?
The best Forex account type is a commission-based account with raw spreads from 0.0 pips, commissions not exceeding $7.00 per 1.0 standard round lot, and a volume-based rebate program.
What is the minimum account for FXPro?
The FXPro Standard account is the minimum account with a $100 deposit requirement.
Does FXPro have a micro account?
FXPro does not have a micro account, but it allows trading from 0.01 lots or 1,000 currency units, enabling micro-lot trading.