FxPro Account: From Demo to Withdrawals

Note: FxPro does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran and Canada.

If you are not a resident of the above countries and have an interest in FxPro, you can first have a quick look at FxPro's key points via the table below and then continue reading the body part to learn more about its accounts and withdrawal. We hope this article is helpful to you.

	FxPro Review Summary of 11 Points
Founded	2006
Registered	UK
Regulation	CySEC, FCA
Trading Instruments	Forex, crypto CFDs, metals, indices, futures, energy, shares
Demo Account	✅
Account Minimum	100 EUR/GBP/USD
Leverage	1:1 - 1:500
EUR/USD Spread	Average 1.3 pips
Trading Platforms	FxPro Mobile App, FxPro WebTrader, MT4/5, cTrader
Payment Method	FxPro Wallet
Deposit & Withdrawal Fees	❌

FxPro Account Type Review

FxPro offersthree live account types for traders to choose from, including Standard, Raw+, and cTrader, with a minimum deposit requirement of 100 EUR/GBP/USD.

If you choose the FxPro Mobile App, FxPro WebTrader, or MT4/5 platforms, you can choose between Standard and Raw+ accounts. If you choose the cTrader platform, you can choose the cTrader account.

The trading conditions for each account differ based on the jurisdiction. You can see a useful comparison table of the account types and features in the table below:

Spread Betting accounts are also available to clients of FxPro UK Limited who reside in the UK.

How to Open a FxPro Trading Account?

FxPro account opening is quite easy, and usually takes 3-5 minutes. And you can select 21 languages other than English, including Arabic, Chinese (Simplified), Chinese (Traditional), Czech, Farsi, French, German, Hungarian, Indonesian, Italian, Japanese, Malaysian, Mongolian, Polish, Portuguese, Russian, South Korean, Spanish, Thai, Turkish, and Vietnamese.

Below is our step-by-step guide to signing up for a FxPro trading account:

Step 1 - Create profile: Go to FxPro's website and click the ‘Register’or 'Trade with the World's Best' button on the homepage.

Please complete the form with your country of residence and email address, set the password, and click the 'Register with FxPro' button.

Step 2 - Personal data: Fill in personal details, including name, date of birth, and mobile number. Then click the 'Save and continue' button.

Then select your nationality, and click the 'Save and continue' button.

Step 3 - Employment and finance: Next, you need to provide your employment information, including your employment status and industry. Click the 'Save and continue' button.

Financial information is also required, including annual income, estimated net worth (excluding your primary residence), and source of wealth. You must also answer a question about 'How much do you expect to fund in the next 12 months?'.

Now you have successfully created a FxPro trading account.

Step 4 - Fund the account: You can proceed to fund your account and start trading on any one of platforms. Your trading accounts can be found in the 'Accounts' section (as the screenshot below shows), and you can deposit by clicking the 'Fund' button.

You can choose deposit methods between credit/debit cards (Visa/MasterCard), USDT, Binance Pay, Bitcoin, crypto payments, Ethereum, USDT, and bank transfers via 100-25,000 EUR/GBP/USD.

FxPro Demo Account Review

FXPro also offers a free and 180-day life span demo account with up to 100k in virtual funds that allows you to test your trading strategies and get a feel for the platform's features and functionality without risking any real money.

You may open as many demo accounts as you wish. Demo accounts can be recharged with funds via FxPro Direct. However, please note that demo accounts will be deactivated after 180 days. Also, FxPro MT4 and MT5 demo accounts are limited to a maximum of 70 open positions.

Although demo accounts present real market conditions and prices, please keep in mind that they are simulations and cannot always reasonably reflect all of the market conditions as during highly volatile or illiquid periods (e.g. market openings, news announcements) they may not behave in the same manner as live accounts.

For this reason, it is strongly recommended that demo accounts are viewed solely as a learning tool for inexperienced traders or a place for testing new trading strategies.

How to Open a FxPro Demo Account?

The bad news is that FxPro does not allow their clients to open a demo account directly. Before creating a FxPro demo account, you have to open a default trading account first. As the above section shows ('How to Open a FxPro Trading Account'), we have successfully created a trading account. Now we can open a demo account.

Step 1: Click the 'Accounts' button and then click the 'Demo Accounts' button.

Step 2: Follow the directions to create a demo account and choose a platform that suits your needs. If you choose the MetaTrader 4 platform, you can create a Standard demo account. If you choose the MetaTrader 5 platform, you can create a Raw+ demo account. If you choose the cTrader platform, you can create a cTrader demo account.

Here, we choose the MetaTrader 5 platform and then click the 'Continue with Raw+ Demo' button.

Step 3: Select your demo account currency, leverage (1:1-1:500), and execution method (Netting/Hedging). Fill in your initial demo balance, which should be between 500 and 10,000,000. Click the 'Create Demo Account' button.

Note: Multiple currencies are accepted in FxPro demo accounts, including AUD, USD, EUR, HUF, GBP, ZAR, CHF, JPY, and PLN. However, for FxPro trading accounts, the accepted currencies are limited to three currencies, EUR, GBP, and USD.

FxPro PAMM Account Review

FxPro also offers PAMM accounts, namely Percentage Allocation Money Management accounts.

As a PAMM manager on FxPro, you manage a pooled account combining funds from multiple investors. You execute your forex trading strategy on this account, and investors receive proportional profits/losses based on their contribution. The master account's trades are automatically replicated in the sub-accounts using a proportional allocation based on pre-defined settings. You benefit from performance fees and manage multiple accounts efficiently.

However, managing PAMM accounts comes with responsibilities. You need to be transparent by potentially providing trade reports, managing risk effectively considering the combined capital, and complying with regulations. Remember, ethical conduct and responsible risk management are paramount when handling investors' funds.

Besides, not every trader can open this account, because there are some requirements for becoming a PAMM manager and only PAMM managers can open PAMM accounts.

Make sure that you meet all the following requirements:

• 6 months of demonstrably successful real trading experience.
• Completion of a detailed strategy partnership form outlining your trading approach.
• A recommended minimum portfolio of $50,000 to showcase financial stability.
• Existing clients who are interested in investing in your PAMM account.
• A Limited Power of Attorney (LPOA) will be provided once registered.

However, these requirements are somewhat flexible, so please feel free to contact the broker if you wish to discuss something further.

How to Open a FxPro PAMM Account?

Aspiring PAMM managers can express their interest by emailing partners@fxpro.com or contacting the FxPro 24/5 support team. If you are ready to open a FxPro PAMM account, you can also directly click the 'Open PAMM Account', as the screenshot below shows.

To be considered, you'll need to complete a Strategy Partnership Form outlining your trading experience, strategy, and risk management, and demonstrate relevant licenses or industry experience in forex trading. FxPro will then guide you through the application process, ensuring you meet all requirements.

Note: To manage accounts for traders in the EU, you'll need a fund/portfolio management licence issued by a European regulator equivalent to CySEC that clearly confirms that you can manage the funds of clients or third parties.

FxPro Deposit & Withdrawal Review

FxPro supports deposits and withdrawals via the FxPro Wallet.

The accepted payment methods include credit/debit cards (Visa/MasterCard), USDT, Binance Pay, Bitcoin, crypto payments, Ethereum, USDT, and bank transfers.

The accepted currencies are EUR, GBP, and USD.

The available deposit amount varies from 100 to 25,000.

FxPro does not charge any fees for deposits and withdrawals.

If you decide to withdraw all or part of your funds from your FxPro Wallet, you must use the same method used to deposit funds initially.

Note that transfers between the Wallet and trading accounts of different currencies (e.g. EUR-GBP) will be subject to the prevailing conversion rate of the currency pair. If you don't want to pay this fee, please make sure that you deposit and withdraw in the same currency.

How Can I Withdraw Money from FxPro?

To withdraw funds from your FxPro Wallet, please follow these steps:

Step 1: Tap the “Withdrawal” button in the “Wallet” section

Step 2: Specify the amount to withdraw

Step 3: Select a withdrawal method

Step 4: Tap “Withdraw”

You may also need to follow the steps you see on the screen.

FxPro Client Accounting Department will receive your request and process itwithin 1 working day, usually within a few hours. If the withdrawal request is received outside working hours, it will be processed the next working day.

However, the time needed for the funds to be transferred will vary, depending on your payment method.

· International Bank Wire withdrawals - up to 3-5 working days

· SEPA and local bank transfers - up to 2 working days

· Card withdrawals - 10 working days to reflect

· All other payment method withdrawals - within 1 working day

Note: You need to have funds available in your Wallet for withdrawal. If your funds are located in a trading account, you will need to transfer them first to your Wallet.

Is FxPro Safe and Legit?

FxPro is regulated by two reputable financial regulatory bodies in different jurisdictions where it operates. These regulatory bodies ensure that FxPro adheres to strict standards of financial stability, security, transparency, and fair trading practices.

To be specific, FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license No. 078/07. FXPRO UK Limited is authorized and regulated by the Financial Conduct Authority (FCA) with license No. 509956.

Regulated Country	Regulated by	Regulated Entity	License Type	License Number
	CySEC	FXPRO Financial Services Ltd	Market Making (MM)	078/07
	FCA	FXPRO UK Limited	Straight Through Processing (STP)	509956

Additionally, FxPro takes some measures to ensure robust protection for user data and transactions.

· High-Level Data Encryption: Ensures secure data transmission on websites and apps.

· 24/7 Monitoring: A dedicated team monitors and responds to incidents or irregularities.

· Secure Transaction Portal: FxPro Direct is maintained as a safe platform for transactions.

· Two-Step Verification: Adds an extra layer of security for account access.

· Automated Email Alerts: Sends confirmations for password changes.

· GDPR Compliance: Monitored by a Data Protection Officer and audited externally.

For further study, please feel free to visit extension://ngbkcglbmlglgldjfcnhaijeecaccgfi/https://direct-website.azureedge.net/assets/docs/other/Top_tips_for_online_safety.pdf

Conclusion: Where FxPro Shines?

✅Free and 180-day life span demo account with up to 100k in virtual funds, and you can open as many demo accounts as you wish

✅Three trading account types for clients to choose from, as well as PAMM accounts

✅Fleixble leverage ratios ranging from 1:1 to 1:500

✅Three industry-leading trading platforms - MetaTrader 4, MetaTrader 5, and cTrader are all available

✅Popular payment options offered and no fees for deposits and withdrawals

FxPro vs Other UK Brokers

Logo
Broker	FxPro	Tickmill	IG	FXTM
Regulation	CySEC, FCA	FCA, CySEC, FSCA	ASIC, FCA, FSA, FMA, MAS, DFSA	FCA, FSC (Offshore)
Product Offering	Forex, crypto CFDs, metals, indices, futures, energy, shares	60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & options	17,000+, forex, indices, shares, commodities, cryptocurrencies	Forex, metals, commodities, stocks, indices, cryptocurrencies, and CFDs
Demo Account	✅ (up to 100k in virtual funds, 180-day life span)	✅	✅ ($20,000 virtual funds)	✅
Account Minimum	100 EUR/GBP/USD	100 USD/EUR/GBP/ZAR	$0	$/€/£200
Maximum Leverage	1:500	1:1000	1:400	1:3000
Trading Platform	FxPro Mobile App, FxPro WebTrader, MT4/5, cTrader	MT4/5, Tickmill Trader	L2 dealer, ProRealTime, MT4, TradingView	MT4/5, mobile trading
Copy/Social Trading	❌	✅	❌	❌
Promotion	✅	✅	❌	❌
Best for	Beginners	Beginners	Beginners	Experienced traders

FAQs

Is FxPro Safe?

Yes. FxPro offers various security measures to protect their clients' funds, and it is regulated CySEC in Cyprus and FCA in the UK currently.

Does FxPro have a demo account?

Yes. FxPro offers demo accounts with up to 100k in virtual funds and a 180-day life span.

What is the minimum deposit for FxPro?

Like most brokers, FxPro requires a minimum deposit of 100 EUR/GBP/USD.

How long does FxPro withdrawal take?

FxPro processes your withdrawals within 1 working day, but if your withdrawal request is received outside working hours, it will be processed the next working day.

Besides, note that the time needed for the funds to be transferred will vary, depending on your payment method.

· International Bank Wire withdrawals - up to 3-5 working days

· SEPA and local bank transfers - up to 2 working days

· Card withdrawals - 10 working days to reflect

· All other payment method withdrawals - within 1 working day