FxPro minimum deposit overview of advantages and disadvantages

minimum deposit of FxPro

The company has no less than 300 instruments, including more than 70 currency pairs, CFDs on shares of the top companies, futures on indices of different countries, as well as agricultural and energy commodities. FxPro minimum deposit amount from $100.

FxPro minimum deposit

Fx Pro was founded in 2006. The broker has offices in London and Limassol. To date, the company has more than 200 employees. The client base has about 260 000 users from 170 countries. Every second about 7 000 deals are made on the platforms. According to Finance Magnates, a prestigious financial research resource, the organization is among the 10 best brokerage companies in the world that provide retail banking services.

FxPro demo

To test your skills and trading strategies, you can use the FXPro minimum deposit demo account. Its trading conditions do not differ from the classic FxPRO MT4 account, but the list of financial instruments is limited to currency pairs, metals and commodities. You can switch to a demo account from your personal cabinet. The most important limitation is that there is no access to a virtual account without a deposit. There is also no possibility to trade virtual currencies without personal account verification.

FxPro provides the opportunity to open demo accounts with FxPro minimum deposit on the MetaTrader4, MetaTrader5 and cTrader platforms. The maximum leverage for these accounts is 1:500 and the maximum deposit size is limited to 500,000 units in any of the currencies available for opening a trading account, except for the South African Rand.

The broker does not limit the number of demo accounts with FXPro minimum deposit, opened by one client, as well as the duration of their use. The process of opening such an account takes only a couple of minutes.

To conduct all financial transactions, you first need to open an account with FXPro minimum deposit in your personal cabinet. It will be credited with funds that can be allocated to several trading accounts.

The purse is also replenished in the personal cabinet. From the popular ways available:

  • bank transfer;
  • Visa and Mastercard;
  • webmoney;
  • payPal;
  • netteller;
  • several other less widespread payment systems.
  • A bank commission is charged for replenishment by bank transfer.

As the client’s country of residence, deposits can be made to FxPro Broker via bank transfer, credit/debit card, PayPal, Neteller, Skrill, and more. You can use more than 8 different currencies. These methods and currencies must be used to FXpro minimum deposit funds into your FxPro account. Otherwise it will be withdrawn

  • USD
  • EUR
  • GBP
  • CHF
  • PLN
  • AUD
  • JPY
  • ZAR

You can replenish the amount for the minimum deposit of Fxpro, through your FxPro account wallet. This method is completely safe. Your deposit funds are automatically credited to your account, and you can see if they are credited to your FxPro wallet. FxPro is a popular broker, as deposits are collected through the FxPro broker wallet. The biggest advantage of this account is that you can transfer funds to your FxPro wallet at any time. Any amount can even be transferred between your trading accounts. To make a minimum deposit to FxPro, first log in to your FxPro account, then log in and select deposit to your wallet or fund. You can choose the deposit option of your choice.

FxPro minimum deposit broker does not impose strict rules; you can only use this recommendation. The recommended FxPro minimum deposit is $100, which will help you make the first step of the business. If you want to trade with Forex, FxPro is the best broker for you. If you want to use leverage up to 200: 1, create a trading account to fulfill your order. FxPro recommends using at least $1,000, but in the end you have to decide for yourself.

FXPro account types

Offered types of trading accounts:

FxPRO MT 4FxPRO MT 5FxPRO cTraderDEMO
Minimum deposit$500$500$500$0
Maximum leverage1:5001:5001:5001:500
Categories of financial instrumentsCurrency pairs, metals, indices, CFD, futures on commodities and agricultural productsCurrency pairs, metals, indices, CFD, futures on commodities and agricultural productsCurrency pairs, metalsCurrency pairs, metals, indices, commodities
Spread size1.2-1.41.40.31.2
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Execution of market orders is available for all account types, including the FXPro minimum deposit account. And for the standard MT4 terminal, orders can also be executed instantly. According to the official FHPRO website, customer deposits are not held on the broker’s internal account, but on Barclays and Bank of America bank accounts.

The advantages of FXPRO are:

  • High order execution speed, which averages 13-15 milliseconds
  • The availability of an FXPro account with a minimum deposit. But the site does not specify who the liquidity provider is and whether trades are posted to the interbank market.

The registration procedure at the broker is standard. In your personal cabinet you are required to pass the process of identification. Through the personal cabinet you can manage your funds and create an FXPro minimum deposit account, leave requests for withdrawal and deposit of funds. You can use the following payment systems: VISA and MasterCard, Skrill, Neteller, Yandex. Conveniently, you can download a mobile or desktop version of the trading platform, it also allows you to create an account with FXPro minimum deposit.

FxPro broker offers a large number of accounts in addition to accounts with the FXPro minimum deposit:

Types of accountsDescription
Real

 

– regular account, opens from $100. The terms depend on which trading platform the trader chooses, but first it is better to try trading on the account with a FXPro minimum deposit;
VIPthis status is granted to clients who deposited their accounts for $50,000 and more. Advantages include free VPS, up to 30% discount on commissions when trading with cTrader. Spreads are also reduced by up to 30% of those traded on regular accounts;
Islamic (non-swap) accountsopened only on request. The request is sent to the back office via email; if the company approves it, swaps will not be charged for the transfer of the position. True, there are commissions;
 

Corporate account.

 

Compared to the usual one, you would need a larger set of documents for verification: the memorandum of incorporation, certificate of state registration, and a number of other documents confirming the legality of the company;
Joint account

 

– open only to married couples or first-degree relatives. First, 2 regular accounts are opened, then an application is submitted and they are merged into one account.

In general, there is no discrimination between traders by account type. Most clients trade on equal terms and use an account with a FXPro minimum deposit.

There is no training section on the official website. To get basic theoretical information you need to create a personal cabinet and create an account with FXPro minimum deposit (no verification is required).

Training with FXPRO is possible on the following information blocks:

  • The economic calendar, which allows to carry out the fundamental analysis even for the beginner;
  • Financial market news updated online;
  • Technical analysis from the Trading Central service (trading signals with breakdowns);
  • Webinars, which are conducted by analysts of the financial company.

With the help account with FXPro minimum deposit users can study and use useful information for forecasting on their own. Of course, the cost of training in FXPRO is zero. And, according to the brand representatives, there are no plans to create full-time or part-time courses in the future. Also, the company has no office representative offices in the CIS, where training centers could be located.

In addition to theoretical information, the user has access to trader’s tools.

FX Pro trading platform

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