FxPro Account Types Reviewed

Maybe you are thinking about getting involved in forex trading by opening an account with FxPro?

Perhaps you already have an account and are looking for a change.

Whatever your need or experience as a forex trader, we believe we can help.

Here we plan to chart all of the account types, how to open them, and how to get the most out of trading with FxPro. These are all points which we also cover in detail through our FxPro review if you care for more information.

For the moment, here is a collection of all the key information you could hope to gather when opening an FxPro account of any type:

Available FxPro Account Types

As you would expect from any top broker, you have a wide range of accounts to choose from when you deal with FxPro. There should be something to suit the trading style and volume of everyone.

Here is a listing of the most popular FxPro account types that traders choose during their account opening:

Demo Account

The FxPro demo account is a great way for you to get started trading and also get to know what trading with FxPro is like. The FxxPro demo account period is unlimited and simulates as close to reality as possible what it will be like when you begin FxPro live trading.

The FxPro demo account typically expires after 30-days, but you can open multiple demo accounts if you wish to do so.

MT4 Account

The FxPro MT4 account is available for commission-free trading for all. This is a great way to become acquainted with one of the best trading platforms in the industry. If you are looking for an FxPro hedging account, this is also a great choice. Spreads are low and can be fixed. An ideal starting point for any trader.

You may also be looking to open an FxPro Micro account. In that case, the FxPro MT4 account can provide for this need.

MT5 Account

The FxPro MT5 account again gives you the opportunity to trader with a renowned Metatrader platform. It provides many of the same excellent features as MT4 and the FxPro MT5 account also provides for a commission-free trading environment. This, together with very competitive spreads make it another excellent choice for those in search of one of the most trusted and reliable trading platforms in the business.

cTrader Account

The FxPro cTrader account is another option for you to get started trading with yet another highly reputable trading platform. It is the perfect place to learn more about cTrader, or simply continue trading is that is you platform of choice.

The FxPro cTrader spread is also something which can be greatly appealing to all traders. This starts from a highly-competitive 0 pips.

Edge Account

The FxPro Edge account is one which is available to traders at the moment as a new trading platform which is being pioneered by the broker. FxPro Edge spread betting is the main purpose of this trading platform. If that is a type of trading which appeals to you and you are based in the UK where it is available, then the FxPro Edge account may be very suited to your needs.

VIP Account

FxPro VIP accounts are available if your trading volume or frequency exceeds a certain amount. For an FxPro VIP account, this can open up more trading options such as improved leverage and spreads as well as access to dedicated support and account managers.

If you have high limits and resources, trading through an FxPro VIP account may be something you will want to consider.

Joint Account

If you have more than your own needs to consider, then FxPro Joint accounts are available. This can cover partners and the opening of company accounts too. Both MAM, and PAMM accounts are available through FxPro if you are interested in having your money managed by one of their expert FxPro account managers.

Islamic Account

The FxPro Islamic account provides for all of your needs if you are following shariah law. The FxPro swap free account will ensure you are in compliance with everything you need to have a proper Islamic account.

This can be made available by emailing the back office department of FxPro after you have completed your FxPro account opening. They will help you completing each step.

FxPro Account Openings

There are several elements which you should consider when opening a trading account, and an FxPro live account opening is no different. Here are a few of the points which you may have question about when you decide to open your FxPro account:

Live Account

The account opening with FxPro should not be a difficult task for the majority of traders. Opening your account and getting started you just need to follow a few simple steps in completing your registration and ensure you have your documents ready for verification. This can all be done through the FxPro site and should be complete in just a few minutes.

If you find yourself in need of detailed help when going through the FxPro account opening process, don’t forget you can always consult our FxPro live account opening tutorial.

Account Verification

The account verification is required as it is with most other major brokers who are transparent and trustworthy. This is a process which you can easily and quickly complete through electronic upload of your documents. You will need both proof of address and proof of identification on order to complete your account verification.

Account Currency

The account currency may be important to you depending on your location. The broker offers multiple account currency options to suit your needs. These include seven major currencies in total which features US Dollar, British Pound, Japanese Yen, and Euro. If you are located in South Africa, FxPro is also available with ZAR as the base currency.

Minimum Deposit

The FxPro minimum deposit which only applies to your first deposit with the broker, is $100. This minimum deposit amount is reasonable when compared with other top brokers.

Account Funding

Naturally, funding your account will be an important part of the trading process. The account funding is easy and very accessible. FxPro funding is fee-free for the majority of funding options and these options are many.

You can choose between major credit/debit cards, web-wallets, and bank transfers in order to complete the account funding.

Deposit and Withdrawal

As mentioned, FxPro deposit methods are plentiful. As well as any major credit or debit card, you can also rely on the likes of Skrill and Netteller, as well as PayPal in FxPro (but only under CySEC and CSB). This is in addition to performing a transfer from your bank.

Deposits are typically processed instantly, while transfers vary from bank to bank. FxPro withdrawal methods are also processed quickly by the same methods.

Bonus

In line with the requirements of being regulated by the likes of CySEC in Europe and FSB in South Africa, FxPro bonus amounts are not offered to traders.

FxPro Account Management

Along the way, while running your FxPro account, you may bump into a few issues. These can be easily identified and solved if you know what you are looking for. For that purpose, we have put together some basic information on the following things which may come up through your time trading with FxPro:

FxPro Direct

FxPro Direct is the broker app which is available to help you trade on both iOS and Android. The app makes the process of trading and keeping up to date with everything which is going on in the markets even easier for you as a trader. As a trader, the kind of research and in0-deph analysis you can receive here could be very valuable to your future as forex trader.

Account Number

You can access your FxPro account number at any time through the FxPro direct app. This may be useful if you ever need more details about your account or to relay this to anybody. It will also be useful for your own records as well as if you are making any changes to your account in future.

Account reactivation

Perhaps you have taken a break from trading and want to explore the possibility of FxPro account reactivation. In that case, the process is very simple. This request can easily be handled through your FxPro direct app, or by a member of the FxPro support team who can quickly help you reactivate your FxPro live account.

Password restoring

We all suffer from the curse of losing a password every now and again. This is easily and quickly fixable through your FxPro account. All you have to do is request a new password through your FxPro direct account.

You then verify your information through email to reset your password. This is why it is important to always make sure your account information is up to date.

Close account

In very rare cases, you may wish to close your FxPro account. This is a relatively easy process.

The FxPro support team can certainly help you with this to make sure that everything runs as smoothly as possible. If you change your mind and wish to reactivate your account, remember that this is also possible following the simple steps above.