FxPro Account Types for Different Traders

FxPro offers four distinct account structures across MT4, MT5, and cTrader platforms. Each type carries different cost models, leverage parameters, and execution conditions.

Account Types Overview

FxPro does not offer cent or micro accounts. The available types are:

  • Standard (MT4/MT5): Spread-only pricing, no commission. Suited for discretionary traders.
  • Raw+ (MT5): Raw spreads from 0.0 pips with a per-lot commission. Built for high-volume trading.
  • cTrader: Commission-based with Level II depth of market. Optimised for scalpers and algorithmic strategies.
  • Islamic (Swap-Free): Available across all account types. Replaces overnight swaps with an administrative fee structure.
  • Demo: $100,000 virtual balance, 180-day duration. Available on all platforms, unlimited resets.

Detailed Account Comparison

The table below covers core trading conditions across all live account types.

Feature Standard (MT4/MT5) Raw+ (MT5) cTrader
Spreads From 0.6-1.2 pips (EUR/USD) 0.0 pips 0.0 pips
Commission None $3.50 per lot $3.50 per lot (or from $1.50)
Leverage (Retail) 1:30 majors, 1:20 minors 1:30 retail, up to 1:500 pro 1:30 majors
Platforms MT4, MT5 MT5 cTrader
Minimum Deposit No mandatory minimum No mandatory minimum No mandatory minimum
Negative Balance Protection Yes Yes Yes
Margin Call Level 50% 50% 50%
Stop-Out Level 20% 20% 20%
EA / Algorithmic Trading Yes (MT4/MT5) Yes (MT5) Yes (cAlgo)
Hedging Allowed Yes Yes Yes
Scalping Allowed Yes Yes Yes
Islamic Option Yes Yes Yes

Base currencies available: USD, EUR, GBP, CHF, JPY, PLN, AUD, ZAR. PKR deposits are auto-converted at competitive rates.

Individual Account Breakdowns

Standard Account

The Standard account runs on MT4 or MT5. Pricing is spread-inclusive with zero commission charged per trade. EUR/USD spread averages 1.2 pips on MT4 and from 0.6 pips on MT5 under normal market conditions. Spreads widen during low-liquidity windows outside London and Asian session overlaps.

FxPro does not impose a mandatory minimum deposit for live accounts. The actual minimum depends on the selected funding method. JazzCash and EasyPaisa transactions start from PKR 2,000, allowing traders to begin with a deposit equivalent to roughly $10-$20. Traders using bank transfers from HBL, UBL, or MCB should confirm the method-specific floor with the broker directly.

This account type suits traders who prefer simplified cost structures and do not want to track per-trade commission charges.

Raw+ Account

Raw+ is available exclusively on MT5. It delivers direct market access pricing with spreads starting at 0.0 pips on major pairs. A commission of $3.50 per lot applies, split across the open and close of each position ($1.75 each side).

The total cost per round-turn on EUR/USD at raw spread plus commission is typically lower than Standard spreads for traders executing frequent or large-volume positions. This account type is most efficient above a certain trade frequency threshold where spread savings exceed the fixed commission cost.

Professional-status traders who pass FxPro’s suitability assessment can access leverage beyond the 1:30 retail cap, extending to 1:500 on qualifying instruments.

cTrader Account

The cTrader account operates on the cTrader platform only. It provides Level II pricing with visible depth of market. Commission is $3.50 per lot, with some conditions starting from $1.50 per lot depending on instrument and volume.

The cAlgo environment supports algorithmic strategy deployment using C#-based scripts. This is the preferred account for systematic traders who require granular order book data and direct execution infrastructure. Spread on EUR/USD begins at 0.0 pips during peak liquidity hours.

Which Account Is Right for You

Use this framework to match account type to trading profile:

Trader Profile Recommended Account Reason
New to CFD trading Standard (MT5) No commission, simpler cost model
Moderate frequency, manual Standard (MT4 or MT5) Familiar platform, spread-only fees
High-frequency or scalper cTrader or Raw+ Tighter spreads, commission model more efficient
Algorithmic / EA trader cTrader (cAlgo) or MT4/MT5 Full EA support, scripting environment
Muslim trader (Sharia compliance) Any account with Islamic option Swap replaced by admin fee
High-volume professional Raw+ with pro status Access to leverage beyond 1:30, raw pricing
Large capital, institutional-grade cTrader Depth of market, Level II data

Key decision factors:

  • Trade frequency: High frequency favours commission-based accounts (Raw+, cTrader). Low frequency favours Standard.
  • Platform preference: MT4 users stay on Standard. cTrader users access cTrader account only.
  • Leverage needs: Retail cap is 1:30. Professional classification unlocks higher leverage on Raw+.
  • Sharia compliance: Islamic option is available on all account types without switching platforms.

How to Open or Switch Accounts

Registration and Verification

1. Register on the FxPro client portal. Select Pakistan as the country of residence.

2. Choose platform (MT4, MT5, or cTrader) and account type.

3. Complete the financial profile: income range, net worth, trading experience quiz.

4. Upload proof of identity: CNIC or Smart NIC (all four corners visible).

5. Upload proof of address: utility bill or bank statement dated within 90 days.

6. Complete the live biometric check (selfie via mobile or browser).

Verification typically completes within 1-2 business days. Email confirmation is sent upon approval.

Funding After Verification

Method Processing Time Minimum Notes
JazzCash / EasyPaisa Instant PKR 2,000 No fees, local wallet
Visa / Mastercard Instant Method-dependent 3D Secure required
Bank Transfer (HBL, UBL, MCB) 24-48 hours Method-dependent Local bank support
Skrill / Neteller Instant Method-dependent E-wallet option
Crypto (BTC, ETH) 30-60 minutes Method-dependent Blockchain-dependent
Wire Transfer 1-5 business days Method-dependent For larger sums

No deposit fees apply on most local methods. Withdrawal fees may apply on wire transfers (typically $10-$30). Withdrawals are processed within one business day via the original deposit method.

Switching Account Types

Existing clients can open additional accounts directly from the client portal. There is no requirement to close the current account. Each account type generates a separate login credential. Switching between MT4, MT5, and cTrader requires opening a new account under the relevant platform.

Islamic (Swap-Free) Accounts

FxPro offers a swap-free option on all account types, including Standard, Raw+, and cTrader. This is relevant for Muslim traders in Pakistan who require Sharia-compliant conditions.

Overnight swap charges are removed. In their place, an administrative fee structure applies for positions held beyond a defined holding period. The fee schedule varies by instrument and is disclosed in the client portal before the account is activated.

To activate the Islamic option, traders select it during account registration or request the change through the client portal after the account is open. No separate minimum deposit applies. All other trading conditions, including spreads, leverage, and platform access, remain identical to the standard version of the selected account type.

Inactivity fees apply across all account types: $5 per month after 12 consecutive months of no trading activity.

Summary

FxPro Account Types cover three distinct cost structures across MT4, MT5, and cTrader. The Standard account suits lower-frequency traders. Raw+ and cTrader suit high-frequency or algorithmic traders. The Islamic option is available on all types. Open an account via the FxPro client portal using a CNIC and a recent utility bill.

FAQ

Does FxPro require a minimum deposit to open a live account in Pakistan?

FxPro does not impose a mandatory minimum deposit for live accounts. The effective minimum depends on the chosen funding method – for example, JazzCash and EasyPaisa start from PKR 2,000, which means many traders begin with a deposit equivalent to around $10-$20. Bank transfers and card deposits may carry higher method-specific floors.

What is the difference between the Standard and Raw+ accounts on FxPro?

The Standard account uses spread-inclusive pricing with no per-trade commission, making costs predictable for lower-frequency traders. The Raw+ account offers spreads from 0.0 pips but charges $3.50 per lot commission, which becomes cost-efficient at higher trade volumes or larger position sizes.

Can Pakistani traders access the cTrader account on FxPro?

Yes, the cTrader account is available to traders in Pakistan. It requires opening a separate account under the cTrader platform via the client portal. It provides Level II depth of market, cAlgo scripting support, and commission-based pricing starting from 0.0 pips spread.

How does the Islamic (swap-free) account work on FxPro?

The Islamic account removes overnight swap charges and replaces them with an administrative fee for positions held beyond a specified holding period. It is available on all FxPro account types – Standard, Raw+, and cTrader – without any change to spreads, leverage, or platform access.

What leverage is available on FxPro accounts for retail traders in Pakistan?

Retail traders are subject to a 1:30 leverage cap on major forex pairs and 1:20 on minor pairs, in line with ESMA-compliant retail protections. Traders who qualify for professional status by passing FxPro’s suitability assessment can access higher leverage, up to 1:500 on the Raw+ account.

Which documents are required to verify a FxPro account from Pakistan?

Verification requires a valid CNIC or Smart NIC as proof of identity, and a utility bill or bank statement dated within 90 days as proof of address. A live biometric selfie check is also required. Verification typically completes within one to two business days on business days.

Is there an inactivity fee on FxPro accounts?

Yes, FxPro charges a $5 monthly inactivity fee after 12 consecutive months with no trading activity. This applies across all account types, including Standard, Raw+, and cTrader. The fee is deducted from the account balance if funds remain in the account during the inactive period.