Choose the Right FxPro Account Type

Account Types at a Glance

FxPro structures its offering around four primary live account types, each tied to a specific platform environment or cost model. A demo account and an Islamic (swap-free) variant are also available. Below is a one-sentence summary of each:

• Standard (MT4/MT5): A spread-only model with no commissions, suited to traders who prefer straightforward cost calculation.
• Raw+ (MT4/MT5): Raw spreads from 0 pips with a fixed commission of $3.50 per side per lot, designed for active forex traders.
• Elite (MT4/MT5): Identical commission structure to Raw+, but with rebates beginning at $1.50 per lot for qualifying volumes.
• cTrader: A commission-based account using $35 per $1 million traded, providing Level II pricing and algorithmic trading tools.
• Islamic Account: A swap-free configuration available across account types for traders who require interest-free overnight positions.
• Demo Account: A practice environment with real-time prices and no capital at risk, available on all platforms.
• Professional Account: An account tier with enhanced conditions, accessible to traders who meet experience and volume thresholds.
• VIP Account: Reserved for high-volume traders, with execution discounts and complimentary VPS access.

Detailed Account Comparison Table

The table below presents the core trading conditions across FxPro’s main account types. All leverage figures reflect conditions available through the SCB-regulated entity, which is the primary entity accessible to Jamaican residents.

Round-trip cost on EUR/USD for one standard lot: approximately $12 on Standard (1.2 pips), and approximately $7 on Raw+ or cTrader (tight spread plus commission). That $5 per-lot difference compounds significantly at scale.

Individual Account Breakdowns

Standard Account

The Standard account is the baseline entry point within the FxPro account types lineup. It operates on a spread-only cost model, meaning no commission is charged per trade. Spreads on forex majors start from 1.2 pips, which already incorporates the broker’s margin. There is no fixed minimum deposit requirement; many traders begin with around $10-$20, though the actual starting amount may depend on the minimum supported by the chosen payment method. This account supports MT4 and MT5, giving access to over 2,100 instruments including 70+ forex pairs, indices, commodities, and crypto CFDs.

Raw+ Account

The Raw+ account separates the spread from the broker’s revenue, charging raw interbank spreads from 0 pips alongside a fixed commission of $3.50 per side per lot ($7 round-turn). A deposit of $100 USD is the practical starting point for this account. The cost structure favors traders executing multiple positions per session, where tighter spreads offset the per-lot commission. Scalping and hedging are permitted, and VPS access is available for traders running automated strategies.

Elite Account

The Elite account mirrors Raw+ in its commission structure but adds a rebate tier. Rebates begin at $1.50 per lot, reducing effective trading costs for traders who generate sufficient monthly volume. The entry threshold is $1,000 USD, and full perks activate at higher balance levels. Priority support and enhanced conditions apply. This account is positioned for traders who already have a consistent volume record and want cost reduction proportional to activity.

cTrader Account

The cTrader account uses a volume-based commission model: $35 per $1 million traded, applied to both the opening and closing of positions. This equates to roughly $3.50 per standard lot round-turn at typical lot sizes, making it cost-competitive with Raw+. The platform itself offers Level II pricing (depth of market), cAlgo for custom algorithm development, and no minimum stop or limit distance from entry. Minimum deposit follows the same no-fixed-requirement principle, with traders typically starting from a small amount depending on their payment method. This account is the only one that does not run on MetaTrader infrastructure.

Which Account Is Right for You

Selecting among FxPro account types depends on three measurable variables: trading frequency, average position size, and platform preference. The framework below maps trader profiles to account types based on these factors.

A trader executing 20 standard lots per month on EUR/USD would pay approximately $240 in spread costs on Standard, versus approximately $140 in total costs (spread plus commission) on Raw+. At 50 lots per month, that differential reaches $500. Volume determines the crossover point where commission accounts become more cost-efficient than spread-only accounts.

One additional consideration: base currency selection. FxPro supports USD, EUR, GBP, CHF, JPY, PLN, AUD, and ZAR as account base currencies. Jamaican traders depositing in USD avoid conversion fees, since USD is the standard trading currency for most instruments including USD/JMD pairs.

How to Open or Switch Accounts

Opening a live FxPro account requires completing a registration and verification process. The steps are sequential and typically finalize within one business day.

1. Register on the FxPro platform by providing name, email, phone number, residential address, occupation, and trading experience details (the experience questionnaire affects leverage eligibility and product access).

2. Upload KYC documents: a government-issued photo ID (passport, driver’s license, or national ID with TRN – Taxpayer Registration Number), and proof of address dated within 90 days (utility bill or bank statement; PO box addresses are not accepted).

3. Complete income verification if prompted.

4. Fund the account via a supported method. Jamaican traders can use Visa/Mastercard (instant), bank wire (1-5 business days), PayPal, Skrill, Neteller, or cryptocurrency. FxPro charges no deposit fees; third-party charges from the payment provider may apply.

5. Download the preferred platform (MT4, MT5, or cTrader) or use WebTrader. A single FxPro login provides access to all accounts under one profile.

To switch account types after registration, traders can open an additional account through the FxPro Direct portal without closing the existing one. Multiple accounts can operate simultaneously under the same login. Switching from a spread-only to a commission-based structure requires opening a new account rather than converting the existing one.

Joint accounts are available for married couples or first-degree relatives. The process requires both individuals to open individual accounts first, then submit a joint account request via the support team.

Islamic and Swap-Free Accounts

FxPro offers Islamic (swap-free) account configurations across all main account types. This removes overnight rollover charges (swap fees), which are otherwise applied to positions held past the daily market close. The swap-free setting is available on Standard, Raw+, Elite, and cTrader accounts. Traders who require this configuration should contact FxPro support directly to activate it, as it is not automatically applied during registration.

The absence of swap fees does not alter spread or commission structures. A trader on a Raw+ Islamic account still pays $3.50 per side per lot in commission; only the overnight financing component is removed. This is relevant for Jamaican traders who hold positions for multiple days and want to avoid interest-based charges on those positions.

Funding, Withdrawal, and Cost Summary

FxPro processes withdrawals on a 24/5 schedule, with most methods completing within one business day. E-wallets and cryptocurrency withdrawals are typically instant. The platform applies zero fees on its side for both deposits and withdrawals; e-wallet fees may apply if no trading activity has occurred. Withdrawals must go to an account, card, or wallet registered in the same name as the trading account.

All client funds are held in segregated accounts. Jamaican traders also benefit from deposit insurance coverage linked to the Jamaica Deposit Insurance Corporation (JDIC) on any banking-integrated accounts, up to JA$1,200,000 per institution. Negative balance protection applies across all FxPro account types, capping maximum loss at the deposited amount.

The practical takeaway: traders evaluating FxPro account types should calculate their expected monthly lot volume before selecting a cost model. For volumes below approximately 15 standard lots per month, the Standard account’s spread-only structure is cost-neutral or favorable. Above that threshold, Raw+ or cTrader typically reduces total trading costs. The next step is to open a demo account on the preferred platform, run at least two weeks of simulated trading at realistic position sizes, then use that volume data to select the appropriate live account type.