FxPro recommends an initial deposit of $1000. However, you can start by depositing a minimum required amount of $100. It can take anywhere from 10 minutes to 5 business days to complete a deposit, depending on the method you use. This broker does not charge any additional fees to deposit.
Read: FxPro review
Clients of FxPro can choose from USD, EUR, GBP, AUD, CHF, JPY, PLN, and ZAR as a default currency of their Wallet. It depends whether you open an account with FxPro UK Limited, FxPro Financial Services Limited, or FxPro Global Markets Limited (Parent Company FxPro Group Limited).
Once you have selected a default currency, say USD, all deposits made from anywhere in the world are converted and visible in your FxPro Wallet in USD. The conversion rate from your local currency to the default wallet currency applies while depositing, so keeping an eye on the conversion rate might help you calculate how much local currency is required for a deposit in the wallet’s default currency.
The broker offers five types of accounts to its clients:
- FxPro Edge
FxPro requires a minimum deposit of $100 for all account types except for VIP account. VIP account requires a minimum deposit of $50,000.
FxPro offers various payment options for the ease of its clients who reside anywhere in the world. The minimum deposit requirement, which is $100, remains the same for each payment option. However, some payment options might not be available depending on the broker you are using from FxPro Group Limited.
1. Bank Transfers
If you want to use bank transfers to deposit, you can use a wire transfer from your bank to the bank account provided by FxPro.
2. Credit/Debit Cards
The company allows three types of credit/debit cards as payment options:
- Visa Card
- Master Card
- Maestro Card
3. Alternatives (E-wallets)
This broker allows deposits from the mentioned E-wallets as well.
Depending on the broker from the FxPro group you are using, some E-wallet options might not be available for you. To check deposit fees and the processing time for each payment option, you can see the table below:
|Payment Option||Min. Deposit||Deposit Fees||Processing Time|
|Wire Transfer||$100||No Fees||3 to 5 Business Days|
|Master Card||$100||No Fees||Up to 10 minutes|
|Visa Card||$100||No Fees||Up to 10 minutes|
|NETELLER||$100||No Fees||Up to 10 minutes|
|Skrill||$100||No Fees||Up to 10 minutes|
|PayPal||$100||No Fees||Up to 10 minutes|
|UnionPay||$100||No Fees||Up to 10 minutes|
How to Deposit
When you complete registration for an account with FxPro, you need to activate your account before making your first deposit and trading. To activate your account, you need to verify:
1. Proof of Legal Existence (PLE)
You must provide a scanned copy of your evidence of legal existence for your account to be activated for trading. Please provide a scanned copy (in PDF or JPG format) of one of the following documents as proof of legal existence:
- Valid Passport
- Valid Personal ID
- Valid Driver`s License
2. Proof of Address (POA)
You must provide a scanned copy of your proof of address to activate your account for trading. Please provide a recent (not older than six months) scanned copy (in PDF or JPG format) of one of the following for proof of address:
- Recent Electricity Bill
- Recent Gas Bill
- Recent Phone Bill
- Recent Bank Statement / Credit Card Bill
- Valid ID with Address*
- The front and back of the ID need to be submitted, and the ID needs to include the address.
- A passport which includes stamped physical address page**
Step1: After activating your account, you can go to the “Wallet” page and click “Fund.”
Step 2: That brings you to the page where you can select a payment option.
Step3: After selecting a payment option, you need to enter the amount you wish to deposit.
Step 4: After entering the amount you wish to deposit, click “Fund” and follow the different instructions for each payment method.
After completing the deposit process, it takes anywhere from 10mins to 5 business days to reach the deposited amount in your FxPro Wallet.
Sign up Bonuses
Unfortunately, FxPro does not offer any signup bonuses at this time. Also, this broker does not offer any other type of trading bonus, cash rebates, referral bonus, or any promotions as the broker is regulated by the Cypress Securities and Exchange Commission (CySEC).
FxPro is known for its cutting-edge performance platforms, educational resources, and seamless services among professional traders. Therefore, not offering any kind of bonus does not affect its reputation.