Types of FxPro accounts

8th July 2021

The company has been operating since 2006 and has made impressive progress in development. First of all, this was achieved through investments in innovative market technologies. The second weighty argument is the company’s desire for licenses from international financial institutions and organizations.

Traders and customers of Tradersunion platform like the lack of dealing centers, high liquidity, narrow spreads, and immediate execution without slippage.

The FxPro broker offers to open a large number of accounts:

  • A real account is a regular account, opened with the amount of $100 or more. The conditions vary depending on which trading platform the trader chooses;
  • VIP – this status is issued to customers who have replenished the account with the amount of $50,000 or more. The advantages include a free VPS, a discount of up to 30% on the commission when trading on cTrader. The size of the spreads is also reduced by up to 30% of those with which traders trade on regular accounts;
  • Islamic (swap-free) accounts are opened only on request. The application is sent to the back office via email. If the company approves it, swaps will not be charged when transferring the position. However, there are still commissions;
  • Corporate account. In comparison with the usual one, you will need a larger set of documents for verification – a constituent agreement, a certificate of state registration, and a number of other confirmations of the legality of the company’s work;
  • Joint accounts are opened only to married couples or first-degree relatives. At 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 on different types of accounts. The majority of clients trade on equal terms.

Deposits and withdrawals

The funds flow through the internal personal account. When depositing money, the trader transfers it from the main account to the desired account (each client can open up to 5 accounts). It is possible to convert funds at the bank rate. This transfer is not subject to commission.

You can top up your account:

  • By transfer through a bank or from a bank card;
  • From Skrill, Neteller, VISA, MasterCard, and Yumopeu wallets. The broker does not charge a commission for the deposit.

The withdrawal is possible to the same bank details from which the account was replenished.

When depositing and withdrawing money by bank transfer, it may take up to 5 working days. The withdrawal is instantaneous in other directions.

The options for adding funds to your account vary depending on the chosen jurisdiction. So, only bank transfer and card options are available for FxPro-UK. Options with electronic payment system wallets are added for FxPro-Cyprus and FxPro-Bahamas.