Compare FxPro Account Types

Account Types at a Glance

FxPro runs four core live account types across MT4, MT5, and cTrader platforms. Each targets a different trading profile.

• Standard – commission-free, spread-based pricing; MT4/MT5/Web/Mobile
• Raw+ – near-zero spreads with a fixed commission per lot; MT4/MT5/Web/Mobile
• Elite – raw spreads with volume-based rebates; MT4/MT5 only; $30,000 minimum deposit
• cTrader Raw – ECN pricing with per-million commission; cTrader platform only

Demo accounts are also available with $100,000 virtual funds and a 180-day lifespan. Islamic (swap-free) variants exist on select account types.

Full Account Comparison Table

This is the core reference for FxPro account types available to traders in Tanzania.

Leverage caps depend on the specific instrument and jurisdiction. Retail clients in Tanzania typically access up to 1:200.

Individual Account Breakdowns

Standard Account

The Standard account charges no commission. All costs are embedded in the spread, which starts at 1.2 pips on EUR/USD (average around 1.3 pips). It runs on MT4, MT5, the FxPro web platform, and mobile apps. Minimum lot size is 0.01, making it accessible for smaller position sizing. FxPro does not impose a fixed minimum deposit on this account. Many traders begin with a deposit of around $10-$20, though the actual floor depends on the payment method used. Margin call triggers at 50%; stop-out at 50%.

Raw+ Account

Raw+ delivers institutional-grade spreads starting at 0.0 pips on forex majors. The cost structure shifts to a fixed commission of $3.50 per side ($7 round-turn per standard lot). This makes the all-in cost on EUR/USD competitive for active traders who trade frequently. Available on MT4, MT5, web, and mobile. No fixed minimum deposit applies, though the Elite tier requires $30,000. Scalpers and algorithmic traders typically prefer this structure over the Standard account.

Elite Account

Elite carries the same raw spread structure as Raw+ but adds a volume-based rebate system. Commission is set at $7 per lot on forex and metals, with rebates reducing the effective rate for high-volume activity. The $30,000 minimum deposit makes this account tier inaccessible for most retail traders. It runs exclusively on MT4 and MT5. Rebate levels are tied to monthly traded volume and are confirmed through the FxPro Direct client portal.

cTrader Raw Account

The cTrader account uses a per-million commission model: $35 per $1,000,000 traded, which translates to approximately $3.50 per standard lot. Spreads start from 0.0 pips on forex and metals. Unlike MT4/MT5 accounts, the minimum stop/limit distance on cTrader is 0 pips – useful for tight order placement strategies. The platform also supports Level II pricing, copy trading, and direct liquidity access. Indices, energies, and crypto CFDs on cTrader carry a marked-up floating spread with no separate commission.

Which Account Fits Your Trading Profile

The right FxPro account type depends on trade frequency, strategy type, and capital size.

For traders placing fewer than 50 standard lots per month, the Standard account’s all-in spread cost is often comparable to Raw+ after factoring in the $7 round-turn commission. At higher volumes, Raw+ or cTrader Raw reduce total cost meaningfully.

How to Open or Switch Accounts

Opening a live FxPro account follows a structured KYC process. Switching between account types is handled through FxPro Direct.

To open a new account:

1. Register at FxPro.com – provide name, country, email, and password

2. Enter personal details – nationality, date of birth, phone number, residential address

3. Complete financial profile – employment status, income range, trading experience

4. Complete the Appropriateness Test – mandatory for all applicants

5. Submit identity documents – passport, national ID, or driver’s license (JPG, PNG, PDF; max 10 MB)

6. Submit proof of address – bank statement or utility bill issued within the last 3-6 months

7. Verification is typically completed within 24 hours

8. Fund the account via card, e-wallet (Skrill, Neteller, PayPal), bank wire, or cryptocurrency

To switch account types, log into FxPro Direct, open a new trading account under the desired type, and transfer funds internally using the FxPro Wallet. The wallet enables instant transfers between accounts without withdrawal delays.

Deposit and withdrawal processing times vary: cards and e-wallets process instantly or within one business day; bank wire takes 3-7 business days. FxPro charges no fees on deposits or withdrawals, though payment providers may apply their own conversion or processing fees.

Islamic (Swap-Free) Accounts

FxPro offers Islamic account variants across Standard, Raw+, and Elite account types. These accounts remove overnight swap charges, making them compliant with interest-free trading requirements. The swap-free status applies to positions held overnight without the standard rollover cost. Traders who require this structure should request it through FxPro Direct after account verification. Availability and specific conditions for the swap-free option should be confirmed directly with FxPro support, as terms may vary by jurisdiction and instrument.

Regulatory and Access Note for Tanzania

FxPro is not licensed by the Bank of Tanzania (BoT). The BoT generally requires brokers operating in Tanzania to hold a local license and support TZS-denominated accounts. FxPro accounts are denominated in USD, EUR, GBP, CHF, JPY, PLN, AUD, or ZAR – no TZS option exists. FxPro operates under international licenses including FCA (UK), CySEC (Cyprus), and SCB (Bahamas). Tanzanian residents should assess the regulatory position independently before opening a live account. Starting with a demo account carries no financial risk and allows full platform testing before any capital commitment.