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FxPro Minimum Deposit

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

Minimum Deposit

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

Currency Preference

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.

Account Types

The broker offers five types of accounts to its clients:

  1. MT4
  2. MT5
  3. FxPro Edge
  4. Ctrader
  5. VIP

FxPro requires a minimum deposit of $100 for all account types except for VIP account. VIP account requires a minimum deposit of $50,000.

Payment Options

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.

  • PayPal
  • Skrill
  • UnionPay
  • NETELLER

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 OptionMin. DepositDeposit FeesProcessing Time
Wire Transfer$100            No Fees3 to 5 Business Days
Master Card$100No FeesUp to 10 minutes
Visa Card$100No FeesUp to 10 minutes
NETELLER$100No FeesUp to 10 minutes
Skrill$100No FeesUp to 10 minutes
PayPal$100No FeesUp to 10 minutes
UnionPay$100No FeesUp 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**

Deposit Funds

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.

References:

https://www.fxpro.com/
Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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