FxPro Account Types & How to Open

FxPro offers three main account tiers—Standard, Raw+, and Elite—designed to suit different trading styles and levels of experience. All accounts grant access to MetaTrader 4, MetaTrader 5, and the broker’s proprietary platform, but the key differences lie in spread structures, commissions, and minimum deposits.

While FxPro does not explicitly publish minimum deposit figures in its structured account data, user reports and limited-time promotions have pointed to entry thresholds as low as $50 for the Raw+ account. For the Standard and Elite accounts, the absence of public minimums means traders should contact support or test with small initial deposits.

The Raw+ account is the most transparent in terms of pricing: spreads on FX majors start from 0.0 pips, with a defined commission of $3.50 per side for FX majors and gold, and zero commission on other instruments. This model appeals to scalpers and high-frequency traders who value tight raw spreads and are comfortable with per-trade fees.

The Standard account offers spreads from 1.2 pips on FX majors with no commission, making it a familiar choice for beginners who prefer all-in pricing. The cost is built into the spread, so there are no surprise line items at the end of a trade.

Elite is something of a black box in the data: minimum spreads are listed from 0.0 pips, but the commission field is blank. This ambiguity makes it impossible to assess the real cost without a live demo account. Traders might assume the Elite tier either charges a commission that varies by volume or instrument, or that the zero spread applies only under certain conditions; in either case, caution is warranted.

FxPro does not list maximum leverage in its standard account summary. In practice, leverage will depend on which regulatory entity oversees your account. The FCA-regulated UK entity caps leverage for retail clients at 30:1 on major forex pairs, in line with ESMA rules. The CySEC-regulated entity applies similar restrictions across the European Economic Area.

The Seychelles FSA license, however, allows for significantly higher leverage, which may appeal to non-EU traders seeking greater exposure. Yet, higher leverage comes with increased risk and fewer protections. Clients must weigh the trade-off carefully: the safety of UK or EU regulation versus the potential for amplified returns under offshore oversight.

For traders who want predictable costs and no commissions, the Standard account is a solid starting point. Its slightly wider spreads are compensated by simplicity, and it works well for position traders and those who focus on major currency pairs.

The Raw+ account is tailor-made for active scalpers and day traders, especially those using cTrader or MT4/5 to run EAs. The $3.50 per-side commission is competitive, and the from-zero spreads can make a tangible difference during high-volatility windows.

The Elite account, lacking public commission details, is riskier to recommend without first-hand testing. It may be targeted at institutional-style traders or those with high monthly volumes where bespoke pricing is negotiated directly with the broker. Until more clarity is provided, retail traders should approach the Elite tier with scepticism.

All account types support MT4, MT5, and FxPro’s own WebTrader and mobile app. User reviews frequently praise the platform variety, and many highlight cTrader as a particular strength for its clean interface and fast order execution.

However, a few negative reviews mention issues with cTrader API on real accounts, where trades that worked on demo failed to execute live. This suggests that while platform choice is a plus, traders should thoroughly test their setups in a real-money environment before scaling up.

As a multi-regulated broker, FxPro’s onboarding is rigorous. Users must provide government ID, proof of address, and sometimes additional documentation. Several reviews describe the verification process as frustrating, with repeated requests and delays that left funds stuck in the account.

Once cleared, deposit and withdrawal methods appear to function smoothly for many, with some users reporting near-instant withdrawal approvals. However, the negative feedback is persistent enough to suggest that first-time withdrawals often trigger extra scrutiny. Traders should expect to complete KYC proactively and be prepared for a potentially slow start before seamless trading.

FxPro provides demo accounts on all its platforms, allowing traders to test the different account types risk-free. The structured data, however, does not specify supported base currencies. In practice, major currencies like USD, EUR, GBP, and CHF are likely available, but multi-currency accounts are not guaranteed.

Traders who need a specific base currency to avoid conversion fees should confirm this directly with support. Additionally, while the broker’s educational hub is frequently praised in reviews, it is not tied to any account tier, meaning all clients can benefit regardless of their chosen account.

FxPro presents a credible account line-up for European traders, backed by strong UK and Cyprus regulation. The Raw+ account stands out for its clear and competitive pricing, while the Standard account offers a commission-free alternative that is easy to grasp.

The lack of disclosed minimum deposits and the mysterious Elite tier are drawbacks, but they are partially offset by the broker’s long market history and high aggregate order volume. For traders who value transparency, plain-vanilla Standard or Raw+ accounts are the safer harbour; the Elite tier needs better daylight before it can be trusted.