FxPro Minimum Deposit and Account Details
FxPro minimum deposit that allows you to trade is $100. However, the initial deposit officially recommended by FxPro is $1,000.
There are a couple of major milestones in the process of becoming a professional Forex trader — and making your first real-money deposit with your chosen broker is definitely the most important one. After practicing with a demo account and learning myriad trading strategies, this is the first time you’ll be putting your own money on the line. And if you’ve decided that FxPro is the best broker for you, that’s why we’ll explain all about their minimum deposit amounts and account details in this article.
FxPro Minimum Deposit And Account Details:
Minimum Deposit |
Standard account - $100, |
Instruments |
2,100+ |
Deposit Methods |
Debit/Credit Card, Bank Transfer, Payment apps |
Account Currencies |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
Funding Fees |
0% |
What is the FxPro Minimum Deposit?
The minimum deposit amount is the lowest required amount of money you have to transfer from a bank account to your brokerage account before you can start trading. It’s also referred to as the “initial deposit”.
One of the biggest advantages of the forex (foreign exchange) market compared to trading in securities is that it’s a lot more accessible — largely thanks to far lower minimum deposit amounts. While a stockbroker may require thousands of dollars as the initial deposit, forex brokers like FxPro allow you to trade with as little as $100.
That being said, the initial deposit officially recommended by FxPro is $1,000. And while they’ll allow you to trade with just $100, there are different reasons why brokers may recommend higher deposits to their clients. For one, it’s due to the fact that higher deposits allow you to make a profit without resorting to riskier investments and higher leverage — which is important for novice traders.
FxPro Minimum Deposit vs Competitors
Different brokers offer varying minimum deposits — you can see how FxPro stacks up to their nearest competition below:
| FxPro | AvaTrade | Exness | |
|---|---|---|---|
Minimum Deposit |
$100 |
$100 |
$10 |
FxPro Deposit Methods and Fees
When you’re choosing a broker, it’s not just about the minimal amount of money you can deposit — it’s about how you’ll deposit it as well. That’s why it’s important to have a variety of payment methods available.
Also, when considering which of the different methods to use, bear in mind that debit and credit card payments are instant, while bank transfers may take several business days. Additionally, you’ll probably be limited to depositing from accounts that are strictly in your name — other people can’t deposit for you.
FxPro Deposit Methods vs Competitors
| FxPro | AvaTrade | Exness | |
|---|---|---|---|
Bank Transfer |
Yes |
Yes |
Yes |
Debit/Credit Card |
Yes |
Yes |
No |
Payment apps |
Paypal, Skrill, and Neteller |
Neteller, Skrill, Klarna, Webmoney |
WebMoney, Perfect Money |
Cryptocurrencies |
No |
No |
Bitcoin |
FxPro Deposit Fees
One of the most attractive aspects of trading with FxPro is that they don’t charge any deposit fees — so you don’t have to worry about paying a small percentage or fixed amount each time you want to deposit money.
FxPro Account Currencies vs Competitors
FxPro allows you to choose from which of 8 base currencies you’ll be funding your account. You can see the breakdown of these currencies, as well as the offer at competing brokers, in the table below.
Choosing a broker whose accounts support the currency you bank with is important — if you fund your brokerage account with a different currency than the base one you’ve chosen, you’ll probably have to pay a conversion fee.
This is another advantage FxPro holds over the competition — you can choose from all of the currencies that make up the major currency pairs.
| FxPro | AvaTrade | Exness | |
|---|---|---|---|
Account Currencies |
USD, EUR, PLN, GBP, AUD, CHF, JPY, ZAR |
EUR, GBP, USD, CHF, AUD |
USD, EUR |
How to Deposit Money On FxPro? Step by Step Guide
Now that you’ve learned all about the deposit methods and minimum deposit amounts on FxPro — you can actually start depositing funds!
Here’s a step-by-step guide for doing just that:
-
1
Use your email and password to sign into FxPro Direct
-
2
Choose the “Deposit” button on the “Wallet” section
-
3
You’ll be presented with a variety of payment methods — choose the one that fits your needs the best
-
4
Specify how much money you wish to deposit
-
5
Fill out your payment details, and then follow on-screen prompts to confirm your payment
-
6
Wait for the deposit to be approved
-
7
Once you’re done, you’ll be able to see the deposited amount in your FxPro balance (once more, in the Wallet section). You can also check for specific transactions in the “Transaction History”
-
8
That’s it! Now you can start trading!
What is the FxPro Wallet?
The FxPro Wallet is a personal risk-management tool. It is a central account from which traders can transfer deposited funds to their trading account in just a few clicks. Compared to direct financing of trading accounts, depositing funds to the FxPro Wallet allows traders to fully protect their capital from the risk from open positions, which they may have on their trading accounts.
Deposits are automatically credited to the FxPro Wallet. You can transfer funds from it to a trading account at any time by going to FxPro Direct and selecting Transfer. Next, choose the trading account and the amount (if the currencies of the trading account and the wallet are different, you will need to pay the conversion fee).
FAQs
How long does a deposit typically take on FxPro?
When it comes to international bank transfers, it usually takes between three and five business days. Local transfers are generally completed within a single business day, while other payment methods take up to 10 minutes.
What is the minimum deposit at FxPro?
While different brokers offer varying minimum deposits, the minimum amount for FxPro is $100.
How long do withdrawals from FxPro take?
Cash withdrawals take up to 7 business days, while international bank transfers depend on your bank, and may take up to 5 business days. Local transfers and SEPA usually go through during the same day, just like with e-wallet transfers.
Does FxPro have a bonus?
No, this broker does not offer any sign-up bonuses.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.