Funding a trading account in FxPro is fast and doesn't charge you any commission. Read this guide to learn how to deposit on FxPro in several easy steps.
Forex trading has become increasingly popular lately, attracting a vast number of traders from different backgrounds, ages, and nationalities. It provides a huge financial opportunity to gain profit simply by making trades online. However, before you can start trading, you need to deposit some funds in your forex account.
FxPro is a top broker that offers access to forex trading and Contracts for Difference (CFDs) on at least five other classes, namely Shares, Spot Indices, Futures, Spot Metals, and Spot Energies. The company currently operates in 170 countries worldwide under the regulation of some of the well-known authorities like CySEC of Cyprus and FSCA of South Africa.
In FxPro, making a deposit is relatively easy. The whole process is done online, so you can do it anywhere and at any time you want. Aside from that, FxPro offers a wide selection of payment methods, processes most deposits within minutes, doesn't charge any deposit fees, and allows traders to deposit via mobile app. The minimum deposit is only 100 USD, which is considered low compared to other brokers in the market.
Without further ado, let's see the full provided service and the step-by-step guide on how to deposit on FxPro.
How to Fund Your FxPro Account
In order to start trading in FxPro, you need to fund your FxPro Wallet and then transfer the funds to the desired trading account, or you can directly send the funds to the trading account. The steps are as follows:
- Start by opening a live trading account if you haven't got one already. Complete the registration as well as the verification process. It is worth noting that only verified accounts can make deposits. If you want to know more, you can read our guide: How to Open Account in FxPro.
- Log in to FxPro Direct using your account credentials (email and password).
- Open the "Wallet" section on the left side of the screen, then click "Deposit".
- On this page, you can choose the funding method that you'd like to use from the available selection. Keep in mind that all deposits and withdrawals on FxPro have no commissions.
- Click on your preferred method and specify the trading account, the currency, and the amount you want to deposit. Click "Proceed" to continue.
- Enter the payment details and confirm the payment by clicking "Deposit".
- Once approved, the deposited funds will be added to your FxPro Wallet balance. You can see the details in your Transaction History.
- All done! You can now transfer the funds to any of your trading account and start trading.
How to Make Deposit Using the FxPro App
Aside from the website, you can also make a deposit straight from the FxPro mobile app by following the steps below:
- Open the app and tap "Top Up" in the toolbar. Choose "Fund Your Account".
- Tap the "Fund Now" button. Then, select the payment method of your choice.
- Enter the FxPro Wallet, currency, payment method, and the amount that you want to deposit.
- Once it's done, you will receive a "Successful Transaction" email from the broker along with the details of your transaction.
- All deposits are marked as "completed operations" in the Transaction History tab. To view transactions of a specific account, simply tap the upper right corner of the card with the name of your account.
Available Payment Methods for FxPro Deposits
FxPro offers various payment methods to deposit funds into your account. It is highly suggested to choose a method that is most convenient to you and available in your country. Don't forget to check the processing time as well because some methods are instant and others may take up to a few business days to process the request.
Here is the comparison table of payment methods available in FxPro:
|Payment Method||Bank Transfer and Broker to Broker||Credit/Debit Card (Visa, Visa Electron, Visa Delta, Mastercard, Maestro International, Maestro UK)||Paypal||Skrill||Neteller|
|🕔Processing Time||Depending on the bank involved. Usually 3-5 business days.||Within 10 minutes||Within 10 minutes||Within 10 minutes||Within 10 minutes|
|💲Available Currencies||EUR, USD, GBP, CHF, JPY, PLN, AUD, ZAR||EUR, USD, GBP, CHF, JPY, PLN, AUD||EUR, USD, GBP, CHF, JPY,PLN, AUD||EUR, USD, GBP, CHF, JPY, PLN||EUR USD GBP JPY AUD PLN|
|💰Minimum Deposit||-||100 EUR/USD/GBP/CHF/AUD or 400 PLN or 10,000 JPY||100 EUR/USD/GBP/CHF/AUD or 400 PLN or 10,000 JPY||100 EUR/USD/GBP/CHF/AUD or 400 PLN or 10,000 JPY||100 EUR/USD/GBP/CHF/AUD or 400 PLN or 10,000 JPY|
|💰Maximum Deposit||-||10,000 EUR/USD/GBP/CHF/AUD or 1,000,000 JPY||10,000 EUR/USD/GBP/CHF/AUD or 40,000 PLN or 1,000,000 JPY||10,000 EUR/USD/GBP/CHF/AUD or 40,000 PLN or 1,000,000 JPY||10,000 EUR/USD/GBP/CHF/AUD or 40,000 PLN or 1,000,000 JPY|
Please note that FxPro does not charge any fees for deposit and withdrawals. However, there may be additional fees charged by the bank or service provider according to their fee structure. Also, conversion fees will be applied if your trading account uses a different currency from your FxPro Wallet.
FAQs on FxPro Deposits
- Is it safe to deposit on FxPro?
Yes, FxProis a safe and fully regulated broker to trade with. All client funds are kept in a fully segregated account in major European banks, which means it's completely separated from the company's own funds. This ensures that the company cannot use client funds for personal interests or any other purposes. In addition, the broker offers Negative Balance Protection (NBP) to further protect client funds. It ensures that you won't be able to lose more than you deposited.
- What happens if I make mistakes when making a deposit?
If you have entered incorrect card numbers or other details, then your deposit request may be declined. You can make a new deposit and enter the correct information.
If you have made a deposit to the wrong wallet or trading account, then the first thing that you need to do is contact the broker's customer service either via email or live chat to ask for assistance. If the funds haven't been released, then you may be able to get your funds back. However, the broker may require you to verify your deposit by providing a proof of payment.
- How long is the processing time for making a deposit?
Processing time depends on your selection of payment method. International bank transfer usually takes about 3-5 business days depending on the bank. SEPA and local transfers usually take within a single business day for a small fee. Meanwhile, e-wallets like PayPal, Skrill, and Neteller can process transactions within 10 minutes only.
- What base currencies to use in FxPro?
Try to make a deposit using the same currency as your trading account to avoid conversion fees. FxPro offers the following base currencies: USD, EUR, GBP, CHF, PLN, AUD, and ZAR.
- How much is the ideal deposit in FxPro?
In FxPro, the recommended minimum deposit amount is 1000 EUR/GBP/CHF/AUD or 4,000 PLN or 17,000 ZAR or 1,000,000 JPY. However, it is not mandatory as you can deposit as little as 100 USD each time.
Ever since its establishment in 2006, FxPro has successfully expanded to serve retail and institutional clients in more than 170 countries. Their head office is in London, UK.
FxPro UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as FxPro Financial Services Limited is authorized and regulated by CySEC since 2007 and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. As a strong proponent of transparency, it established the highest standards of safety for clients' funds, as the company chooses to keep the funds in major international banks, fully segregated from the company's funds.
They always try to provide transparent and ethical practices across the global trading industry. In 2018, 74.65% of market orders were executed at the requested price while 12.8% of the client's orders were executed with positive slippage. Also, only 1.4% of all instant orders received a requote with 0.72% of them receiving better price when executed.
The total number of trades in FxPro has increased from year to year. In 2018, the number of trades achieves 53.6 million. Based on trust from their clients, FxPro received awards as Most Trusted Forex Brand UK 2017 by Global Brands Magazine. Besides, they became the first broker to sponsor an F1 team in 2008. There are around 60 UK and International Awards which had been achieved by FxPro.
They are committed to create a dynamic environment that equips traders with all the necessary tools for their trading experience. Opening an account in FxPro grants access to more than 250 CFDs on 6 asset types, including forex, shares, spot indices, futures, spot metals, and spot energies. They want to provide their clients with access to top-tier liquidity and advanced trade execution with no dealing desk intervention. The average execution time is less than 11.06 millisecond with up to 7,000 orders executed per second. Those advantages enable traders to benefit from tight spreads and competitive pricing.
Furthermore, FxPro is recognized as an innovative broker. The company allows its clients to enjoy a wide range of trading platforms, such as MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Web-based versions and mobile applications are also available so that traders can access financial markets at any time and anywhere.
Traders can choose platforms according to their needs. Fans of MT4 is provided with instant execution and easy-to-use trading platform. In this account, leverage is up to 1:500 and spreads start from 1.6 pips without commissions.
If traders want to get experience with more modern technology, traders should choose FxPro MT5 Accounts. In this account, spreads start from 1.5 and leverage is up to 1:500 without commissions.
Another type of accounts is FxPro cTrader. It is suitable for traders who give priority to the speed of execution with the most restrictive spreads compared to other account types'. FxPro cTrader is a powerful trading platform offering the best available bid and ask prices, with orders filled in just milliseconds. The platform also provides Market Depth and trading analysis tools. In this account, spreads start only from 0.3 pips. But, traders have to pay commissions $45 per $1 million traded (upon opening and closing a position) in forex and metals.
The key difference between MetaTrader 4, MetaTrader 5, and cTrader lies in the range of the CFD products that are available. The MT4 platform gives traders a chance to open positions on all of the 6 asset classes, whereas the MT5 doesn't support shares, and cTrader doesn't support shares and futures.
Besides 3 types of platforms above, trading in FxPro also enables access to FxPro Edge. This platform offers clients a new way to trade the markets in the form of spreads betting.
Each broker has pros and cons, and FxPro is not an exception. Aside from the advantages as explained before, FxPro has a high minimum deposit. Also, there are not many types of payment and withdrawal methods available at FxPro. Some types of methods even require traders to pay fees. However, it is still important to note that clients can trade forex, shares, indices, metals, and energies, with limited risk account at no additional cost in Fxpro
Regardless of the advantages and disadvantages, FxPro can be traders' choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from $500.
Depositing money on FxPro is quite an easy process that can be completed in a few steps. It is even more convenient with FxPro Wallet which allows you to manage your funds across several trading accounts from a single place. With only 100 USD, you can fund your account and begin your trading journey!
On top of that, you can choose from a wide selection of payment methods based on your personal preference. Just remember that in order to make a deposit, your account must be fully verified.
FxPro is a leading forex and CFD broker since its establishment in 2006. The company is regulated by several top financial regulators including the UK's FCA to provide tradable instruments like oil, gold, currencies, and more CFDs with 70% lower spreads in the market.