The online brokerage firm FxPro requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with FxPro is $100, which can be deposited via various methods, including wire transfer, debit card, credit card and eWallet. It should be noted that the minimum deposit with FxPro may vary depending on the type of trading account chosen.
FxPro generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the FxPro minimum deposit?
The FxPro minimum deposit is $100 for every account type, with the only exception being the FxPro VIP Account which requires a minimum deposit of $50.000.
Here we will focus on fundamental aspects of the FxPro Minimum Deposit that you need to know about, including any fees attached, base currencies and payment methods.
The FxPro deposit features are listed in this table below:
| FXPRO DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| FxPro MT4 Account | $100 minimum deposit |
| FxPro MT5 Account | $100 minimum deposit |
| FxPro cTrader Account | $100 minimum deposit |
| FxPro Spread Betting Account | £100 minimum deposit |
| FxPro Islamic Account | $100 minimum deposit |
| FxPro VIP Account | $50,000 minimum deposit |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Base Currencies | EUR, USD, GBP, ZAR, CHF, PLN, AUD, JPY |
72.87% of retail CFD accounts lose money.
We have prepared for you an article about the account types offered by the broker in case you want to find out more: here’s our FxPro account types guide.
What are the FxPro account base currencies?
The FxPro account base currencies include USD, EUR, GBP, AUD, JPY, ZAR.
The list may vary depending on the account type and the FxPro Group entity you are trading with.
Using another currency may incur a conversion fee.
What are the FxPro funding and deposit methods?
The FxPro deposit methods features and fees are listed below.
- Wire Transfer: FxPro offers global Bank transfer as a primary deposit method, ensuring widespread accessibility without attached fees. While FxPro supports various currencies such as USD, EUR, GBP globally, local options like CHF, JPY, PLN, AUD are also available universally. ZAR is accepted under both CySEC and SCB regulations. Users opting for local bank transfers should be aware of potential conversion fees if the deposited currency differs from base currencies.
- Credit/Debit Cards: Credit and debit card deposits with FxPro are both available worldwide. The minimum deposit for FxPro here varies depending on which currency you deposit but generally, the minimum amount is 100 in your chosen deposit currency with the exception of the Japanese Yen which requires a 10,000 Yen minimum deposit. This form of deposit with FxPro is fee-free and effectively instant: it usually takes a maximum of 10 minutes to process.
- eWallets: FxPro accepts PayPal, Skrill, and Neteller deposits with no fees, ensuring quick availability within 10 minutes. PayPal is exclusive to CySEC, while Skrill and Neteller are available under both CySEC and SCB regulations. Minimum deposits for all three methods are 100 USD/EUR/GBP/CHF or 400 PLN, or 10,000 JPY.
- Other Methods: Other FxPro deposit methods are available although these will depend on the country you are trading from. Such examples include China UnionPay deposits which are available in China and deposited as USD within a period of 10 minutes maximum. The minimum FxPro deposit for this method is 100 USD. Meanwhile, Bitcoin and other cryptocurrency deposit methods are not available at the current time.
What are the steps to fund your FxPro account?
The steps to fund your FxPro account are listed below:
- Start by opening a demo account or a live account.
If you’re a beginner, the best option would be opening a demo account and practicing in a free-risk environment with virtual money. Should you want to know more, you can read our best forex demo account. Then, whenever you’re ready, you can upgrade to a FxPro live account. If you’re not a beginner, you can start right away by opening a FxPro live account.
- Verify the FxPro account:
Provide the documents to prove your identity and residence so that FxPro can verify your account. A passport or ID, and a bill utility or bank statement, are what you need.
- Fund your FxPro account:
As soon as the broker verifies your account, make the first deposit. Choose one of the methods mentioned above, keep in mind the minimum deposit limit requirement and choose the best base currency for your needs.
- Wait for the FxPro approval:
After you have done the deposit, just wait for it to be processed. It may take a little longer for the first deposit to be processed. Now you’re free to start trading and withdraw from your account anytime you want.
How does the FxPro minimum deposit compare with other major brokers?
The comparison between FxPro’s minimum deposit and those of other brokers can be found in this table below:
| FEATURES | FXPRO | XM | PEPPERSTONE |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | $0 ($200 recommended) |
| Wire Transfer | Yes | Yes | Yes |
| Credit Card | Yes | Yes | Yes |
| PayPal | Yes | No | Yes |
| Skrill | Yes | Yes | Yes |
| Neteller | Yes | Yes | Yes |
| Number of deposit methods | 7 | 6 | 9 |
| Account currencies | USD, GBP, EUR, AUD, JPY, PLN, CHF, ZAR | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Does FxPro offer deposit bonuses?
FxPro doesn’t offer deposit bonuses at the moment.
When it comes to FxPro bonus amounts, unfortunately, there are currently no types of trading or no deposit bonuses available to traders.
If you still want to know what are the best forex brokers bonus promotions around check this article. Remember though that no bonuses are available within Europe.