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Choosing the right FxPro account type can feel overwhelming, especially if you’re new to trading. FxPro offers several account options, each with unique features that cater to different trading styles. Whether you’re a beginner testing the platform or an experienced trader looking for the best execution and pricing, it’s important to understand how each account works.
Overview of FxPro account types
FxPro offers the following account types, each designed for different trading strategies and levels of experience:
- Demo Account – A risk-free environment to practice trading with virtual funds.
- Standard Account – A beginner-friendly live trading account with no commissions.
- Raw Spread Account – Designed for cost-sensitive traders who want the lowest spreads.
- Pro Account – A hybrid account offering lower spreads without commissions.
- Islamic Account – Swap-free trading for traders who follow Islamic finance principles.
Each account type has different conditions depending on whether you’re using MT4, MT5, cTrader, or FxPro Edge. Let’s take a closer look at how they compare.
Demo Account – Best for beginners
A Demo Account is the perfect starting point for anyone new to FxPro or trading in general. It allows traders to simulate live trading conditions without using real money, making it ideal for testing strategies, learning platform features, and getting comfortable with market movements.
Key Features
- Completely risk-free, as it uses virtual funds.
- Available on MT4, MT5, cTrader, and FxPro Edge.
- Offers the same spreads and execution speeds as live accounts.
- Can be used indefinitely, but some brokers limit demo access after a period.
Who should use it?
- Beginners who want to learn without risking money.
- Traders switching to FxPro from another broker to test the platform.
- Advanced traders who want to test new strategies or Expert Advisors (EAs).
Limitations
- Since no real money is involved, emotions and risk management may differ from real trading.
- Not all market conditions, such as slippage and liquidity issues, can be replicated exactly.
Standard Account – Best for beginners trading forex & CFDs
The Standard Account is FxPro’s most popular account type and is ideal for beginners and casual traders. It has no commission fees, meaning trading costs are built into the spreads.
Key Features
- No commissions – traders only pay through spreads.
- Variable spreads – wider than Raw Spread accounts but still competitive.
- Available on MT4, MT5, and FxPro Edge.
- Instant or market execution, depending on the platform.
Who should use it?
- New traders who want a simple, commission-free trading experience.
- Longer-term traders who hold positions for several days.
- Those who prefer straightforward costs without calculating commissions.
Spreads & Fees
- Typical spreads on EUR/USD start from 1.2 pips.
- No commission per trade.
- Swap (overnight holding) fees apply for positions kept open overnight.
Execution Speed & Order Types
- On MT4 and MT5, the Standard Account can be instant execution or market execution, depending on settings.
- On FxPro Edge, all trades are executed at market prices.
Raw Spread Account – Best for cost-conscious traders
The Raw Spread Account is designed for traders who want the lowest possible spreads and are comfortable paying a small commission per trade.
Key Features
- Lower spreads, starting from 0.0 pips on major pairs.
- $3.50 commission per lot per side.
- Available on MT4 and cTrader (not available on MT5).
- Market execution only (no instant execution).
Who should use it?
- Scalpers and high-frequency traders who need ultra-tight spreads.
- Day traders who trade frequently and want lower overall trading costs.
- Traders using Expert Advisors (EAs) that rely on tight spreads.
Spreads & Fees
- Spreads from 0.0 pips on EUR/USD, but the average is around 0.2 pips.
- $7 round-trip commission per standard lot.
- Swap fees apply for holding positions overnight.
Execution Model
- All orders on the Raw Spread Account are executed at market prices, meaning no requotes but possible slippage.
Pro Account – Best for experienced traders
The Pro Account is a balance between the Standard and Raw Spread accounts. It provides low spreads with no commissions, making it attractive for traders who want a balance between cost savings and simplicity.
Key Features
- Tighter spreads than Standard Accounts but slightly wider than Raw Spread.
- No commissions – all costs are built into the spread.
- Available on MT4, MT5, and cTrader.
- Market execution for faster order processing.
Who should use it?
- Experienced traders who need low spreads but don’t want to pay commissions.
- Swing traders who hold positions for a few days.
- Traders who mix both manual and automated strategies.
Spreads & Fees
- Spreads from 0.6 pips on EUR/USD.
- No commission.
- Swap fees apply for overnight positions.
Islamic Account – Best for swap-free trading
FxPro offers an Islamic Account, also known as a swap-free account, which complies with Sharia law by removing overnight interest (swap fees).
Key Features
- No swap fees on overnight positions.
- Available for Muslim traders who follow Islamic finance rules.
- Available on MT4, MT5, and cTrader.
Who should use it?
- Muslim traders who need a Sharia-compliant trading account.
- Longer-term traders who don’t want to pay swap fees.
Fees
- Instead of swap fees, Islamic Accounts may have an administration fee based on open positions.
FxPro account types by platform
Each trading platform (MT4, MT5, cTrader, and FxPro Edge) supports different account types:
- MT4: Supports Standard, Raw Spread, and Pro Accounts.
- MT5: Supports Standard and Pro Accounts (but no Raw Spread).
- cTrader: Supports Raw Spread and Pro Accounts (best for scalpers).
- FxPro Edge: Supports only Standard Accounts (designed for spread betting in certain regions).
If you have a specific trading style, choosing the right platform is as important as choosing the right account type.
Global and region-specific differences
- EU & UK clients: Leverage is capped at 30:1 for retail traders due to ESMA regulations.
- Non-EU clients: In regions like Asia, Africa, and Latin America, leverage can be up to 500:1.
- Professional clients: Can access higher leverage and different pricing structures.
- Spread betting: Available in the UK only via FxPro Edge.
Summary
By understanding the differences between FxPro’s account types, you can select the one that best matches your trading strategy, costs, and experience level. Whether you’re a beginner or an advanced trader, choosing the right account will help you trade more efficiently.
FAQs
1. Which FxPro account is best for beginners?
The Standard Account is best for beginners because it has no commissions, uses a simple spread-based pricing model, and is available on multiple platforms (MT4, MT5, and FxPro Edge). It’s easy to use and suitable for traders who are still learning how spreads and execution work.
2. Which FxPro account type has the lowest spreads?
The Raw Spread Account offers the lowest spreads, starting from 0.0 pips on major forex pairs. However, it comes with a $3.50 commission per lot per side.
3. Do all FxPro accounts support all trading platforms?
No, each platform supports different account types:
- MT4: Standard, Raw Spread, and Pro Accounts.
- MT5: Standard and Pro Accounts (but no Raw Spread).
- cTrader: Raw Spread and Pro Accounts (ideal for scalping).
- FxPro Edge: Only supports Standard Accounts (mainly for spread betting in the UK).
4. Can I switch my FxPro account type later?
No, you cannot change the type of an existing account. However, you can open a new FxPro account within your profile and select a different account type.
5. Can I open multiple FxPro accounts?
Yes, FxPro allows clients to open multiple accounts under the same profile. This means you can have, for example, a Standard Account for long-term trades and a Raw Spread Account for scalping.
6. What is the main difference between the Pro Account and the Raw Spread Account?
- The Raw Spread Account has the lowest possible spreads (starting from 0.0 pips) but includes a commission per trade.
- The Pro Account has slightly wider spreads but no commission, making it easier for traders who prefer a simple cost structure.
7. Which account is best for scalping?
The Raw Spread Account on cTrader is the best option for scalping because it offers tight spreads, fast execution, and a commission-based pricing model. cTrader is also known for its depth of market visibility and advanced charting tools.
8. Which FxPro account is best for swing or long-term trading?
The Standard or Pro Account is ideal for swing traders and long-term investors since spreads and commissions matter less over longer timeframes.
9. Does FxPro allow automated trading (Expert Advisors or cBots)?
Yes, all FxPro platforms support automated trading:
- MT4 and MT5: Support Expert Advisors (EAs).
- cTrader: Supports cBots for algorithmic trading.
10. Is there an Islamic (swap-free) account available?
Yes, FxPro offers an Islamic Account that removes swap fees to comply with Sharia law. However, there may be an alternative fee structure instead of swaps.
11. Does FxPro offer fixed spread accounts?
No, FxPro only offers variable spreads, meaning spreads can widen during market volatility.
12. Can I open an FxPro account with a different base currency?
Yes, FxPro allows you to open accounts in multiple base currencies, such as USD, EUR, GBP, AUD, CHF, JPY, and others. This can help you avoid currency conversion fees.
13. What is the minimum deposit for each FxPro account type?
The minimum deposit varies by account type and platform:
- Standard & Pro Accounts: Typically $100 minimum deposit.
- Raw Spread Account: Usually requires $500 minimum deposit.
14. Do all FxPro accounts have leverage?
Yes, but the leverage depends on your region and regulatory restrictions:
