If you are thinking of trading with FxPro, the best first stop you can make to gather information is our comprehensive FxPro review.
Once you have done so, this guide will serve as an excellent additional guide to the specifics of some areas within the broker.
Here we will focus on fundamental aspects of the broker that you need to know about.
This will include a lot of information about the FxPro minimum deposit requirement along with the funding sources available from the broker.
Table of contents
What is the FxPro Minimum Deposit?
The FxPro minimum deposit is $100. This amount remains the same along all the account types that FxPro offers with the exception of the FxPro VIP account. There is no variation depending on your area and with the several base currencies made available, it is unlikely to incur a conversion fee.
|Base Currencies||EUR, USD, GBP, ZAR, NGN|
Now that you know the minimum deposit amount, did you know that since its foundation FxPro has won more than 70 international broker awards? Visit the FxPro website and have a look yourself! (75.54% of retail CFD accounts lose money)
|75.54% of retail CFD accounts lose money|
FxPro MetaTrader Account
The FxPro MetaTrader Account is available to all traders who wish to avail of it around the world. Through this account type you can trade with either MT4 or MT5, two of the most respected and popular trading platforms in the industry.
The FxPro broker minimum deposit on this account type is 100 EUR/USD/GBP/CHF/PLN depending on your base currency. If located in Japan, then the minimum would be 10,000 JPY.
FxPro cTrader Account
Again the FxPro cTrader account is one which is available to all worldwide. This account type facilitates ECN style execution of trades with a lower spread, although commissions are applied.
The FxPro cTrader minimum deposit is 100, the same as the MetaTrader account at 100 in every base currency besides the Japanese Yen where 10,000 JPY is required.
Should you want to understand why this trading platform is so popular you should read our best cTrader forex brokers article.
FxPro Spread Betting Account (Edge Account)
The FxPro Edge account is a relatively new account type. This account type facilitates spread betting and it is available to UK traders only at present.
The minimum accepted here is the same as above. 100 EUR/USD/GBP/CHF/PLN, or 10,000 JPY.
If you want to take a look at other alternatives or just want to understand how this spread betting platform works compared to others in the industry then our uk spread betting forex brokers guide is what you’re looking for.
FxPro VIP Account
The final account type to look at is the FxPro VIP account.
This is for high level traders and features a minimum deposit of 50,000 USD or equivalent amount in your chosen base currency.
As a result, this account type features the best spread rates together with lower commissions.
Should you want to know which platforms are best suited for large volume traders then you might be interested to also read our forex brokers big account top ten selection.
FxPro Minimum deposit: Comparison with other major brokers
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
|Minimum Deposit Comparison||FxPro||XM||Pepperstone|
|Minimum Deposit||$100||$5||$0 ($200 recommended)|
|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|
FxPro Account Base Currency
The account base currency is important to know so that you can be aware of which currencies you can deposit and trade in. As a major broker, FxPro makes several choices available. These choices include the USD, GBP, EUR, and other currencies like the AUD, JPY, PLN, and Swiss Franc.
This already extensive selection is boosted by the availability of ZAR for deposits and withdrawals although it is not catered for as a base currency.
FxPro Funding and Deposit Methods
As you would expect with any of the best forex trading low minimum deposit forex brokers, there are a variety of methods to choose from when it comes to funding your account.
Here are the potential choices for your minimum deposit with FxPro.
The first of the FxPro deposit methods is Bank transfer, the mainstay method available from all reputed brokers. Here the deposits are available all around the world and there are no attached fees. With that said, your own bank may apply some kind of fee to the transaction so it is better for you to check with them first to be sure.
A wide range of currencies are available depending on your place of regulation and location. These include the USD, EUR, and GBP which are available worldwide. CHF, JPY, PLN, and AUD are also available in all areas, and finally, ZAR is available under both CySEC and SCB regulatory authorities.
Local bank transfers are also accepted. In these cases you just have to remain mindful that you may be charged a conversion fee if the currency you deposit does not match the available base currencies.
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 effectively instant and usually takes a maximum of 10 minutes to process.
There are several eWallet deposit methods to choose from with FxPro.
These methods are available only if you are within the CySEC or Global Market regulatory area. There are no fees associated with these types of deposits and again they should be available within a maximum of 10 minutes.
Paypal deposits are one of the methods facilitated under CySEC regulation only. They accept a minimum deposit of 100 USD/EUR/GBP/CHF, or alternatively 400 PLN, or 10,000 JPY.
If you want to know why paypal forex brokers are so popular you should definitely also read this other article.
FxPro Skrill deposits are again available under CySEC regulation as well as SCB within the Global Markets area. This is the case for the majority of countries under these regulations although precise availability may vary.
Here as with Paypal, you can deposit with 100 USD/EUR/GBP/CHF, 400 PLN, or 10,000 JPY.
FxPro Neteller are the final type of eWallet deposits available and are also accessible under CySEC or SCB regulation with the same minimum FxPro deposit of 100 USD/EUR/GBP/CHF, 400 PLN, or 10,000 JPY.
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.
FxPro Deposit Bonus
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.
FxPro Minimum Deposit FAQs
Is FxPro a good broker?
FxPro is a good broker: since its foundation FxPro has won multiple forex awards, and constantly wins more year after year.
Is FxPro regulated in South Africa?
Yes, FxPro is regulated by FSCA. South African traders can open an account with ZAR (South african Rands)
How long does it take to withdraw from FxPro?
The processing time is about 1 business day regardless of the selected method. Note that international wire banks may take up to 5 business days though
|75.54% of retail CFD accounts lose money|