If youโre just starting out with FxPro โ or even if youโve been using it for a while โ one big question probably crosses your mind:
โAre there any hidden fees I should know about?โ
Itโs a smart question. Trading platforms often promote โno commissionโ or โtight spreadsโ up front, but the fine print sometimes tells a different story.
This guide walks you through every potential hidden cost on FxPro โ with clear language, relatable examples, and easy tips to help you avoid surprises. Whether youโre a total beginner or still building your confidence, youโll come out of this feeling more in control of your trading journey.
Quick Summary: FxPro Hidden Fees at a Glance
- Some hidden costs exist โ like inactivity, currency conversion, and overnight fees.
- FxPro is generally transparent, but beginner traders often overlook certain charges.
- With a few smart settings and habits, you can avoid most of these fees.
Does FxPro Charge Hidden Commissions?
FxPro has multiple account types โ and only one includes direct commission fees.
- MT4/MT5 Market Account: No commissions, spreads included.
- cTrader Account: Raw spreads + $4.50 per lot per side (total $9 round trip).
If you pick cTrader expecting โcheaper tradingโ due to tight spreads, remember: those spreads donโt include the commission.
Mini Scenario: You open a $10,000 position using cTrader. Even before your trade moves a pip, youโre already down $9 in commissions. If youโre scalping or placing lots of small trades, these can add up fast.
Pro Tip: If youโre a beginner trading small positions, consider starting with MT4 or MT5 for a more predictable cost structure.
FxPro Currency Conversion Fees Explained
Hereโs the part many beginners miss: FxPro applies a conversion fee if you fund your account or trade in a currency that doesnโt match your account base currency.
- Fee is usually around 0.5% of the converted amount
- Applies to deposits, withdrawals, or trades involving different currencies
Mini Scenario: You deposit ยฃ500 into a USD-based account. Thatโs an instant conversion fee. You then trade a EUR/USD pair โ another conversion applies when profits settle in USD and get withdrawn in GBP.
Pro Tip: Set your account base currency to match your deposit and withdrawal method whenever possible. This avoids stacked conversion losses.
How to Avoid FxPro Swap Fees (a.k.a. Overnight Charges)
FxPro charges swap fees when you hold positions overnight on most instruments. These fees can be:
- Positive (you earn) or negative (you pay)
- Based on the interest rate differential between currencies
- Applied daily, with triple swaps on Wednesdays (to account for weekends)
Mini Scenario: You buy GBP/JPY with high leverage and hold it for two weeks. You log in one morning and find a significant loss โ not from the market, but from accumulated swap fees you never noticed building up.
Pro Tip: Always check FxProโs Swap Calculator before holding trades overnight. If youโre trading long-term, these small charges can really chip away at profits.
FxPro Inactivity Fee Explained
This oneโs simple but often forgotten:
- FxPro charges โฌ5/month after 6 months of no trading activity
- Fee continues monthly until you resume trading or your balance hits zero
Mini Scenario: You sign up, deposit $100, but donโt place a trade. Eight months later, you check back and see $70 โ the rest vanished due to inactivity fees.
Pro Tip: Place a tiny trade every few months or withdraw your funds if youโre taking a break. Set a calendar reminder to avoid this slow drain.
Withdrawal Fees: Not Hidden, But Still Tricky
FxPro does not charge withdrawal fees on their end. But your bank, e-wallet, or payment processor might.
Examples:
- Bank wires can carry intermediary charges
- PayPal, Skrill, or Neteller may apply their own transaction fees
- Currency mismatch during withdrawal = conversion cost
Mini Scenario: A trader withdrew $500 via Skrill and received only $470. FxProโs records showed no fee โ the charge came from Skrillโs side.
Pro Tip: Check fees from your payment provider before choosing a withdrawal method. Group withdrawals instead of doing multiple small ones.
Slippage and Execution: Invisible Costs You Can Control
FxPro uses no dealing desk (NDD) execution, but that doesnโt mean perfect fills every time.ย Slippage can happen during:
- Market openings
- News events
- Low liquidity times
- Mini Scenario: You place a stop-loss order at 1.2000, but it fills at 1.1985 during an ECB announcement. That 15-pip difference? Itโs not a fee โ but it cost you money.
- Pro Tip: Avoid high-volatility events unless youโre experienced. Use limit orders when exact price execution matters.
- Platform or Data Access Fees on FxPro? Nope
- Good news: FxPro does not charge for:
- Access to MT4, MT5, or cTrader
- Market data
- Basic charting tools
- If youโre using third-party plugins or premium analytics tools, those may come with separate charges โ but FxProโs own tools are all included.
- All FxPro Fees You Might Miss (Checklist Format)
- Hereโs a simple list to keep handy:
- Choose account type (MT4/MT5 = spread only, cTrader = commission)
- Match your deposit currency to your account base currency
- Use swap calculators before holding trades overnight
- Avoid inactivity fees: trade or withdraw every 5โ6 months
- Check your payment methodโs external withdrawal fees
- Use limit orders and trade cautiously during volatile hours
- Final Thoughts
- FxPro doesnโt try to hide costs โ but you still need to understand how they work.
- Learning about these fees now can save you frustration later. Every trader makes small mistakes early on โ itโs how you grow. But this article already puts you ahead of the curve.
- Youโre not just avoiding fees โ youโre taking charge.
And that mindset is what separates traders who succeed from those who quit early. - Youโve got this. Keep learning, keep asking, and donโt be afraid to reach out for help.
- FAQs
- 1. Does FxPro charge commissions? Only on cTrader accounts โ $4.50 per lot per side. MT4 and MT5 market accounts are commission-free.ย Pro Tip: Beginners should start with spread-based accounts for simpler cost tracking.
- 2. How can I avoid inactivity fees?ย Place one small trade or withdraw your balance at least once every 6 months.
- 3. Will I lose money to swap fees?ย Only if you hold trades overnight. Use the Swap Calculator to preview costs.
- 4. Can I get hit with currency conversion fees?ย Yes โ if your account currency doesnโt match your deposit/withdrawal or trading instrument.
- 5. Are FxPro withdrawals always free?ย FxPro doesnโt charge, but your bank or payment provider might.
- 6. Does slippage mean Iโm being scammed?ย No โ itโs a normal part of fast-moving markets. Use limit orders to reduce the risk.
- 7. Can I trade on FxPro without worrying about surprise charges?ย Yes โ as long as you know the fee types and plan around them. Once you understand these costs, they stop feeling like traps.