FxPro account currency options and how to choose?

When opening a trading account with FxPro, one of the first choices you’ll make is selecting your account currency. This might seem like a small detail, but your decision can impact everything from funding convenience to trading costs — especially if your local currency isn’t offered.

Whether you’re just getting started with forex or already have some trading experience, this guide will help you understand your options and choose the best currency for your FxPro account.

What are the available FxPro account currencies?

As of February 2025, FxPro supports a wide range of base currencies, allowing traders to fund and manage their accounts in:

• USD (US Dollar)
• EUR (Euro)
• GBP (British Pound)
• AUD (Australian Dollar)
• CHF (Swiss Franc)
• JPY (Japanese Yen)
• ZAR (South African Rand)
• PLN (Polish Zloty)

These options cover many of the world’s major trading regions, making FxPro accessible to traders from Europe, Asia, Africa, and Australia. However, availability can vary slightly based on your location and the specific FxPro entity you register with.

Why does account currency matter?

1. Avoiding conversion fees

If you deposit money in a currency different from your account currency, FxPro will convert your funds automatically, and you’ll pay a conversion fee. These fees may seem small at first but can add up over time — especially if you frequently deposit, withdraw, or trade in a different currency.

2. Simplified accounting

Using your local currency or the currency you most often trade in makes it easier to track profits and losses without constant conversion. For example, if you live in the UK, having a GBP account means you always know exactly how much you’ve gained or lost in your home currency.

3. Spreads and trading costs

While spreads themselves aren’t tied to your account currency, some traders notice that certain exotic currency pairs (especially involving minor currencies like ZAR or PLN) may have slightly wider spreads. Choosing a major currency like USD or EUR can give you more competitive pricing across most instruments.

How to choose the right FxPro account currency (step-by-step)

Step 1: Check your funding currency

Start by looking at the currency of your bank account, e-wallet, or payment method you plan to use for deposits and withdrawals. If you deposit in the same currency as your FxPro account, you avoid conversion fees.

Step 2: Think about your trading instruments

Consider the assets you plan to trade most often. If you mainly trade EUR/USD, having an EUR or USD account can simplify calculations and reduce small pricing discrepancies caused by currency conversions inside your trading platform.

Step 3: Consider future withdrawals

If you plan to withdraw profits regularly, it’s easier and cheaper if your withdrawal currency matches your local bank account currency. Otherwise, you’ll pay conversion fees each time you withdraw.

Step 4: Choose flexibility if you trade globally

If you expect to trade assets across multiple regions (like forex pairs involving JPY, GBP, or AUD), choosing a major currency like USD or EUR gives you more flexibility. Most trading platforms, including FxPro’s, are optimized for accounts in major currencies, which can mean smoother trade execution and fewer unexpected conversion adjustments.

Step 5: Double-check your region’s options

Depending on where you live, certain account currencies may be unavailable. For example:

• EU and UK traders typically have access to EUR, GBP, USD, and CHF.
• South African traders often prefer ZAR accounts, which are available under FxPro’s South African entity.
• Australian traders usually choose between AUD and USD.
• Asian traders often pick USD or JPY, depending on their trading preferences.

You can always check available options directly in the account registration form or with FxPro customer support.

Common mistakes to avoid

• Choosing the wrong base currency by accident: Some beginners rush through registration and end up with a USD account when their local currency is EUR or GBP.
• Ignoring conversion fees: Many traders underestimate how much these fees cut into profits, especially if you deposit and withdraw frequently.
• Assuming you can change your currency later: FxPro does not allow changing your account currency after registration. If you want a different currency, you’ll need to open a new account.

Insights from real traders

On forums like ForexFactory, Trustpilot, and Reddit’s r/Forex, FxPro users often stress the importance of choosing the right account currency upfront. Many traders from non-EU regions (like South Africa or Southeast Asia) mention that converting from local currencies to USD adds a layer of cost they didn’t expect when they started trading.

A few intermediate traders also pointed out that trading profits feel more “real” when denominated in your home currency, making it easier to manage taxes and track overall performance.

Final Thoughts

Choosing the right account currency at FxPro may seem minor, but it can save you money and make managing your trades easier over time. Take a few minutes to think about your deposit method, trading style, and long-term goals, and you’ll set yourself up for a smoother trading experience.

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FAQs

1. Can I change my FxPro account currency after opening an account?
No. FxPro does not allow changing the base currency after registration. You would need to open a new account if you want to use a different currency.

2. Which account currency is best for beginners?
There’s no single “best” currency, but it’s usually best to match your account currency to your deposit and withdrawal currency to avoid conversion fees.

3. Do spreads change based on account currency?
No, spreads are the same for all account currencies, but your profit and loss calculations may slightly vary if you trade instruments priced in a different currency.

4. Are there fewer features if I choose a less common currency like ZAR or PLN?
No, you get full platform access regardless of currency, but you might see fewer funding options in certain regions.

5. What happens if I deposit in a different currency than my account?
FxPro will convert your funds automatically, but you’ll pay a conversion fee, which reduces the amount credited to your account.

6. Can I open multiple FxPro accounts with different currencies?
Yes. FxPro allows you to open multiple accounts, each with a different base currency, under the same client profile.

7. Is USD the safest choice if I’m unsure?
USD is widely accepted and works well for traders globally, but it’s not always the cheapest option if your local currency is something else. Always consider funding and withdrawal fees before deciding.