FxPro open account in South Africa: 4 steps and account types
An FxPro account is opened entirely inside FxPro Direct, the client portal, through 4 steps: registering, verifying 2 documents, choosing Standard or Raw+, and funding from $100. The sequence below follows that order and then compares account types for traders in South Africa.
| Minimum deposit | $100 (about R1,700) |
|---|---|
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, FxPro Edge (web) |
| Instruments | Forex, Shares, Indices, Metals, Energies, Commodities, ETFs, Crypto CFDs |
| Instrument count | 2,100+ |
| Support | 24/5 multilingual support |
| Demo | Free demo account |
Everything happens inside FxPro Direct
Registration, the document upload, the account choice and the funding step all happen in FxPro Direct, which is the client portal. No branch visit is needed and nothing goes by post — these 4 steps are the complete process.
Step 1 and step 2: a profile, then 2 documents
A short sign-up form — an email address plus a few personal details — creates your profile in FxPro Direct. Trading accounts are attached to that profile afterwards, so this registration is the only one you do.
Verification then needs 2 documents, according to FxPro: a passport or a national ID card for identity, and something showing where you live, such as a utility bill or a bank statement. Both are scanned or photographed and uploaded inside the portal, while the originals stay with you.
Step 3: choose Standard or Raw+
What separates them is whether the cost is inside the spread or inside a commission per lot.
A spread quoted as "from" is a minimum rather than an average, and the live spread shifts with market conditions. On Raw+, "per side" means $3.50 is charged when a position opens and again when it closes.
- Standard: MetaTrader 4, MetaTrader 5 and FxPro Edge; spreads from 1.2 pips; $0 commission.
- Raw+: spreads from 0.0 pips; $3.50 per lot per side.
- First deposit on either type: from $100.
Step 4: funding from $100
PayPal, Skrill, Neteller, card and bank wire are the deposit routes, and the first deposit starts at $100 — about R1,700. Minimums and timings differ by method.
Money reaches the FxPro Wallet first and is moved to the trading account from there. Registering costs nothing; the $100 is the minimum FxPro states for the first deposit, whenever you decide to make it, and a demo account runs on virtual funds until then.
A second account is added, not converted
Several trading accounts can sit under a single FxPro Direct profile, as FxPro states. That means a Raw+ account may be held next to a Standard one, with both drawing on the same FxPro Wallet.
Frequently asked questions
How does the Raw+ commission add up?
$3.50 per lot per side, charged when a position opens and again when it closes — $7.00 for a standard lot round trip.
Where does a deposit land first?
In the FxPro Wallet, before it is moved to the trading account.
Are the "from" spreads fixed levels?
No. A "from" spread is a minimum, not an average, and the live spread shifts with market conditions.